The Shiba Inu (SHIB) ecosystem is set to launch decentralized autonomous organizations (DAOs) in the near future. Based on a recent update by Shibarium Updates, the ecosystem will allow members to take in decision making for the ecosystem.
In another development, the SHIB burn rate has surged by 389.77%. However, the price of SHIB has continued to trade between $0.00001523 and $0.0000165 since Feb.6, 2025.
Shiba Inu Ecosystem To Have 4 DAOs
According to an update by Shiba Inu-focused updates platform, Shibarium Updates, the ecosystem is set to launch 4 DAOs. The update read; “In the near future, the Shib Ecosystem will introduce decentralized autonomous organizations (DAOs), allowing the community to propose and vote on key decisions that shape the network state.”
Shib Ecosystem DAOs: The Future of Decentralized Governance
In the near future, the Shib Ecosystem will introduce decentralized autonomous organizations (DAOs), allowing the community to propose and vote on key decisions that shape the network state.
The Doggy DAOs: A New Era… pic.twitter.com/9yF9Wv9G4A
— Shibarium Updates 📢 (@Shibizens) February 11, 2025
The four “Doggy DAOs” will include the Shib DAO, Bone DAO, Leash DAO and Treat DAO. Each of these DAOs will serve a different purpose enabling members to have a say on vital matters of the ecosystem.
Shib DAO, for instance, will be in charge of governing the collective voice of SHIB holders. The Bone DAO will oversee gas fees and protocol-related matters while Leash DAO will govern security and integrity of community assets. Lastly, the Shiba Inu Treat DAO will focus on innovative ideas as well as resource allocation for the community’s projects.
The Shiba Inu ecosystem aims to introduce a new governance model using the four proposed DAOs. Unlike the traditional token-weighted model, the firm will open voting to all community members regardless of their token holdings. Additionally, members will earn “Karma Points” for meaningful contributions which will increase their voting power.
Shiba Inu’s Burn Rate Spikes By 389.77%
Data by Shibburn, the SHIB coin burn tracker, indicates that Shiba Inu’s burn rate has surged by 389.77% in the last 24 hours. This has resulted in reduction of 16,479,283 SHIB tokens from the ecosystem.
The data also shows that a total of 61,082,353 SHIB have been burnt over the last 7 days. However, despite a surge in burn rate today, Shiba Inu’s burn rate has dipped by 94.82% in the same period.
Shiba Inu’s native token SHIB has also continued to face a hard time. According to the weekly chart on Coinmarketcap, the coin has traded between the $0.00001523 and $0.0000165 price levels since this week started.
As of the time of this writing, SHIB was trading at $0.00001596. This price is far way less than its all-time high of 0.00008 achieved in October 2021. Nonetheless, the increasing burn rate shows the community’s commitment to reduce token supply with an aim of pushing the price upwards.
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