Shiba Inu Introduces New Voting Options for Community Governance
Shiba Inu has revamped its governance system through the Shib Doggy DAO, introducing new voting mechanisms that no longer rely solely on token staking. Key updates include:
- ERC-20 token balances can now be used for governance participation.
- Quadratic voting prevents large holders from dominating decisions.
- Flexibility in choosing governance methods aligns better with decision types.
Additionally, Shiba Inu is planning a new Layer-3 chain with $12 million backing from industry players, aiming for broader adoption in the Web3 space. This includes:
- An identity-based voting system allowing one vote per person regardless of token holdings.
- The upcoming launch of the TREAT token to reward Web3 activities.
- Distinct roles for other tokens like Bone ShibaSwap (BONE) and DogeKiller (LEASH) in the ecosystem.
The new governance model enhances community trust and aims to support growth toward one billion users through a Karma points system measuring reputation.
