Shiba Inu Community Takes Vote to Allocate $100,000 for Ecosystem Improvement
Sunday, 1 September 2024, 15:30
Shiba Inu Community Votes on $100,000 Fund Allocation
The Shiba Inu community is currently voting on a proposal to allocate 37.5 ETH, roughly $100,000, received from Welly's, a partner project. On August 31, Shiba Inu's lead developer, Shytoshi Kusama, urged the project's decentralized autonomous organization (DAO) to participate in this important vote. The proposal focuses on ensuring transparency and promoting further decentralization within the Shiba Inu ecosystem.
Funding Utilization Options
Kusama presented four methods for utilizing the funds:
- Placing the funds in a new multisig wallet for collective management
- Strategically investing in community-driven projects
- Enhancing transparency measures for DAO decisions
- Creating educational resources for community members
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.