- Shiba Inu to become decentralized in 2024.
- Community to have more power than the team.
According to a new set of announcements by a Shiba Inu team member, the token is moving to another level. 2023 was the launch of their layer 2 protocol. So, they want to upgrade things by implementing decentralization on their network. Here are the details about this new plan.
Shiba Inu Team Member Exposes the Token Plans
- Shiba Inu Token continues to have a good year despite the ups and downs of the year. So, the Shiba Inu token is one of those that wants to shift from being a sole Memecoin to having a utility. So, one of the methods they are employing is burning their tokens and even building a layer 2 blockchain. However, despite all these, things aren’t going as well as community members want for this token. Hence, a Shiba Inu Team Member has come up with a new announcement. This announcement is about the things the project plans to achieve in 2024 and 2025.
- Shiba Inu team member “Lucie” said the first thing the team plans on doing is giving ‘More Power to Everyone.’ So, these revelations about what Shiba Inu plans to do were on Twitter (now X). Lucie said Shiba Inu’s (SHIB) layer-2 network, Shibarium, will spread decision-making across the community. So, the plan here was that the Shibarium plan would become fully decentralized within a period of 2 years. However, their concentration will be mainly in 2024 and 2025.
Shiba Inu Team Member Reveals Community Is About To Become Very Powerful
- According to the Shiba Inu team member, the developers plan on transferring most of the power to the community. So, by empowering the community, they will be the ones choosing what is good for the project. In the words of Lucie, “All tokens have a say, ensuring fairness and democratic decision-making, empowering every member of the community.” So, Shiba Inu developers basically want to remove the current scenario of few having control of the network. They want to eliminate this by bringing the community on board.
- Decentralization is a very important factor for investors nowadays. So, if Shiba Inu should go on with their plans of decentralization, it could attract more investors to the project. But it is not only about attracting investors. Implementing decentralization helps to ensure that bad actors don’t take over the project.
- Another thing raised here was questions regarding the rumored new Shiba Inu burning mechanism. So, one of the community members under Lucie’s post said the burning mechanism was important. According to this community member, the burning mechanism could be the stepping stone to achieving their goals.
Conclusion
Shiba Inu recently unveiled their new plans for the future, especially in 2024 and 2025. One of the things they plan on doing is making their platform more decentralized than it is currently. So, they want the community to have more power than the team members. All this was according to a revelation by a Shiba Inu team member named Lucie.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
