Cryptocurrency News RSS feed This is an example RSS feed en-us Copyright (C) 2022 Shiba Inu Launches Beta Version of DAO to Give Users More Authority Over Crypto Projects Sun, 02 Jan 2022 19:48:00 +0000

Shiba Inu has launched a beta version of a decentralized autonomous organization (DAO) to give users more authority to decide on crypto projects and pairs on the ShibaSwap platform, according to a blog post.

  • The Dogecoin rival will release Doggy Dao in a “stage-by-stage” metric and phased approach. The first phase called “DAO 1″ will be implemented within the next few days.
  • The DAO 1 phase will focus on “providing immediate power to the community to decide which crypto projects and pairs on the ShibaSwap WOOF Pools will be, and how the $BONE rewards (Allocation Points) are to be distributed amongst them,” the team said.
  • The Dao will use $tBONE for voting rights, which is a new staking contract, to lock $BONE for a longer period of time before voting begins.
  • For example, you could purchase shares in Coinbase, a US-based crypto trading platform listed in the Nasdaq exchange under the ticker COIN. The company boasts a market capitalization of over USD 65bn, making it the largest publicly traded crypto exchange in the US.