Team Says Shiba Inu DAO is Not a Whale’s Game

Shiba Inu marketing lead Lucie provides insights into the upcoming Shiba Inu DAO, emphasizing that the project is not a whale’s game.

Lucie made the assertion yesterday in response to the widespread skepticism about the upcoming DAO. For context, Lucie hinted at the DAO launch last week, stating that the project will allow all Shiba Inu holders to participate in the network’s governance and determine the future trajectory of its ecosystem.

While most community members received the update enthusiastically, others believe whales will be more influential in Shiba Inu’s decision-making process due to their enormous holdings.

Shiba Inu DAO Isn’t a Whale’s Game

However, Lucie dismissed this speculation, highlighting how small holders can effectively outweigh these whales. She emphasized that 1,000 smaller holders can nullify any whale’s influence in the DAO.

She added that the team designed the DAO to be fair, ensuring that people with more investments have a major say. According to her, an investor with a $100,000 investment will likely make better decisions than someone with only $100 invested.

However, she asserted that the collective power of small holders in the DAO will ensure that the community remains in control, emphasizing the importance of community strength.

“The DAO is on the horizon, and with it, the community has more opportunities to shape the future,” Lucie remarked.

Lucie Addresses Welly’s 37.5 ETH Donation

Furthermore, she dedicated a section of the post to address issues relating to the handling of the 37.5 ETH ($93,787) Shiba Inu’s food partner Welly’s donated to the community two years ago.

According to Lucie, the Shiba Inu community will decide the fate of the funds. However, she acknowledged a worst-case scenario in which the wallet owner holding the 37.5 ETH could choose not to return the assets.

In the meantime, voting is still ongoing for the proposal created to determine how Welly’s donation will be allocated.

With voting expected to end on September 4, most participants prefer that the funds be held in a multi-sig wallet controlled by some team and community members. This option accounts for 85.77% of the total votes the proposal has recorded since its introduction on August 31.

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