• Shiba Inu is launching its mainnet in August, along with a new token.
• Lead developer Shytoshi Kusama has outlined how the community can achieve Ryoshi’s Vision of a 100% decentralized and autonomous perpetual community with no leader.
• The four DAOs – $SHIB, $BONE, $LEASH & $TREAT – will be released as part of Shibarium, and SHIB currently trades at $0.00000763 according to CoinGecko.
Shiba Inu Mainnet Launch
Shiba Inu (SHIB) is preparing to launch its mainnet in August, which will include a new token and the Worldpaper ahead of Shibarium. At press time, SHIB records 10% monthly growth but is still below the five billion dollar market cap.
Lead dev Shytoshi Kusama has outlined what the community needs to build a “100% decentralized and autonomous perpetual community with no leader”: a Doggy DAO Foundation that will be under full control of the decentralized organizations (DAOs). The foundation aims to prevent future allocation mishaps and ensure control over decision-making processes by splitting governance into four areas: $Shib for the community; Bone ShibaSwap (BONE) for technology; Leash (LEASH) for security and exclusivity; and Treat (TREAT) for thousands of projects built on Shibarium.
The four DAOs correspond to the tokens – $SHIB, BONE, LEASH & TREAT – each responsible for different aspects of governance within Ryoshi’s Vision: $Shib governs the SHIB Army; BONE administers technology behind Shiba Inu; LEASH provides protection, security, and exclusivity; while TREAT covers thousands of projects on Shibarium. At press time TREAT remains unreleased but plans to launch during ETH Toronto this August.
Current Market Performance
At press time SHIB trades at 0.00000763 according to CoinGecko while recording 2% gains in 24 hours with monthly growth rate around 10%. Despite bouncing back since mid-June it still sells below two previously held key support lines.
Shiba Inu is gearing up for an exciting launch in August that may rekindle its previous success when it breached 5 billion dollar market cap earlier this year. With its self-governing structure based on four DAOs it hopes to meet Ryoshi’s Vision as well as prevent any future allocation mishaps or issues related to decision-making processes within their ecosystem.