DAO comes on stage and leads community governance
While most people still regard Shiba Inu (SHIB) as an alternative meme coin, the development team has quietly been brewing a transformation for this token, born from fun culture, into a Web3 ecosystem with actual governance and application capabilities.
On August 26, 2024, Lucie, the anonymous marketing director of SHIB, announced a major news through X (formerly Twitter): Shiba Inu officially enters the DAO era. In the future, SHIB holders will be able to directly participate in proposals and voting, having a real influence on the direction of the project, and practicing a community-driven governance mechanism. Two main councils will be established in the DAO structure:
- Charity Council: Focus on the allocation of public welfare resources and the dissemination of social impact.
- Culture & Heritage Council: Focused on preserving the SHIB community culture, meme spirit, and historical records.
This is not just a small step forward in governance, but a significant step in rooting the value of meme coins.
Community Cultural Value
One of the key differences between Shiba Inu and other meme coins is its genuine understanding of the value of community culture. Lucie emphasizes that the cultural heritage council established by the DAO is actually a form of institutional preservation of community memory and the spirit of memes, which is very crucial. Memes are not just jokes; they symbolize group identity and serve as the foundational consensus of value in the Web3 world. SHIB has mastered this aspect thoroughly. They are not only building a DAO structure but also attempting to create a diversified co-governance Web3 community nation from the perspectives of culture, charity, and technology.
Multi-token governance model
Along with the DAO policy, there are also two familiar token roles in the SHIB ecosystem: BONE and LEASH. In the DAO governance process, these two tokens will no longer be accessories, but will have their own governance weights and functional positions.
- BONE: Originally the governance token on ShibaSwap, it will extend to community proposal voting in the future.
- LEASH: may participate in the formation of initiative consensus for specific topic voting or cultural council.
This multi-token governance model injects more layers of participatory structure into the Shiba Inu ecosystem and will also become a potential experimental ground for multi-token governance in Web3.
Layer3 Upgrade and TREAT Launch
Entering 2025, the SHIB team is going all out. On January 3, 2025, Shiba Inu Inc. officially announced the launch of a brand new Layer 3 blockchain, accompanied by the introduction of a brand new token: TREAT. This TREAT token is not merely a fundraising tool; it is:
- The practical use and governance core of Layer3 privacy chain
- The key to unlocking advanced features of the network status operating system.
- A key piece to strengthen the overall SHIB ecosystem value proposition.
TREAT shows us that SHIB is not only satisfied with memes and community hype, but is gradually building infrastructure, evolving towards Layer 2 and even Layer 3, aligning with mainstream blockchain infrastructure.
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Summary
For Web3 participants who value community consensus, cultural driving force, multi-layer governance structure, and infrastructure ambitions, SHIB is no longer just a simple Shiba Inu dog meme. Shiba Inu Coin may have started as an internet meme, but it is gradually demonstrating its potential as a decentralized cultural flagship. In the coming years, will the development of DAOs allow SHIB to have a governance model similar to Ethereum? Can TREAT become the next generation infrastructure token on Layer3? All of this is worth our close observation.
