Political Shiba Inu Revolution: Voting to Decide DAO Council & Visionary
A significant governance endeavor aimed at transforming its ecosystem into a fully decentralized digital network state has been unveiled by the Shiba Inu team. Elections will be used in the process to choose the DAO council members and a lead visionary.
The official post states that the fundamental DAO councils and the interim president would be chosen via the elections. The administrative and technical transfer of Shiba Inu‘s infrastructure, as well as governance duties over a multibillion-dollar token economy, will be managed by its leadership. According to the declaration, a formal election procedure based on the Hounds Constitution will be used to carry out the power transition.
Shiba Inu Sets Rules for DAO President Election
A three-phase voting process will be used to choose the Shiba Inu ecosystem‘s interim president. Additionally, anyone who creates a profile is eligible to participate in the nomination phase. A public discussion will be held with the top ten contenders. The field will then be reduced to three finalists by a vote. The interim president will be chosen by a final vote. In addition to signing a non-disclosure agreement, candidates must go through KYC verification. Within four months of the implementation of Shibizenship following the election, the president will be recognized by DAO branches.
Shiba Inu’s principal developer, Shytoshi Kusama, stated in a post on X that SHIB was originally intended for total decentralization. Given that the meme coin had just turned five, he said that the elections were coming at the ideal moment.
Shiba Inu DAO Election Timeline and Governance Plans Coming Soon
The temporary president’s duties include overseeing DAO structures, establishing the first inter-branch congress, and carrying out the Shib Paper’s goal. The person is also responsible for managing the Shiba Inu token ecosystem’s financial control. It is currently valued at about $7 billion in total. High-stakes holders will be given preference under the governance model, which will use a 1-token-1-vote mechanism for all Shiba ecosystem tokens.
The proposal also calls for changes to the economic system. It is now advised that the Economic Council, which was first suggested under Treat governance, function under the Shib DAO in order to better support long-term treasury management. Outside of the current DAO frameworks, this committee will concentrate on the project’s revenue creation and retention tactics. The election schedule will shortly be made public by the Shiba Inu Foundation.
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