.shibtoken developers have announced the first version of the Doggy DAO
, the DAO will prevent devs from exerting authority over certain areas, handing power to the community:Selecting liquidity pairs
The goal of DAO 1 is to make it possible for the community to decide which cryptocurrency pairs will be added to liquidity pools on the ShibaSwap decentralized exchange. In such a way, projects will be incentivized to be competitive, which will benefit the Shiba Inu ecosystem. The beta version is meant to gauge sentiment within the #ShibArmy and receive feedback before the rollout of a more complex version called DAO 2 that will allow making a wide range of proposals.
From now on, users will be able to vote on each individual pair by staking the BONE token and receiving tBONE tokens in order to gain voting rights. Users can pick a maximum of 30 pairs that will end up appearing in the liquidity pool for a period of two weeks. After that, the community will have to select a new pack of trading pairs:
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