Shiba Inu (SHIB) is on the way to becoming a fully community-driven project as developers behind the project announced the launch of a DOGGY DAO, a decentralized organization that will provide "immediate power to the community."
According to a blog announcement, the DAO will be launched in a phased manner so that the developers will be able to see the needs and requirements of the community.
The first phase called DAO 1 will help decide which crypto projects and pairs on the ShibaSwap WOOF Pools will be, and how the BONE rewards are to be distributed amongst them. The developers wrote:
This is a crucial first step, orienting our Decentralized Exchange to grow, while promoting all the benefits to the #ShibArmy from such pairs, and welcoming new investors to use the platform.
DAO 2 will allow the community to make generic proposals to be considered or reviewed by multisig-team and breeds. However, no timeline was provided regarding the announced phases.