• Shiba Inu’s Shib Doggy DAO rolls out new voting methods for more inclusive governance.
• New voting models by Shiba Inu DAO aim to reduce whale dominance and boost fairness.
• Shiba Inu introduces identity-based voting to ensure equal influence for all community members.

Shiba Inu has introduced upgrades to its governance in several stages, with the Shib Doggy DAO (Decentralized Autonomous Organization) proposing greater flexibility in Shiba Inu’s governance.

The transition will help achieve Shiba Inu’s objectives of decentralizing decision-making and making governance easily accessible to more participants who hold the token. The project will utilize various types of voting, making it more balanced and minimizing the influence of large token holders, also known as “whales.”

New Voting Models in Shiba Inu DAO Enhance Governance Flexibility

According to the announcement, the new voting options allow members of the Shiba community to participate in governance in the best possible way, according to their preferences. Proposal creators can now choose from three main approaches to voting. 

The first is the staking-based voting system, in which participants lock their tokens to receive the right to vote. This approach favors individuals who are concerned about the ecosystem and seek to influence its governance.

The second model is ERC-20 token voting. In this approach, even though voters have to use the tokens to vote through their wallets, no tokens have to be staked. The alternative makes it more accessible, and more community members can enjoy its benefits without having to lock their tokens. 

Quadratic voting is the third approach, which seeks to limit whales’ influence by increasing the cost of additional votes. The exponential cost of extra votes contributes to the fairness of voting and the inability of concentrated ownership to gain control over decision-making.

Identity-Based Voting in Shiba Inu DAO for Fairer Governance

Alongside the existing voting mechanisms, Shib Doggy DAO is working on establishing the fourth combination of identity-based voting. Once this new model is adopted, every individual will be able to vote once, no matter how many tokens he or she has. 

The DAO noted that these new voting strategies will also improve the decentralization of the Shiba ecosystem. Implementing this system is one of the key steps towards establishing equality and ensuring that all community members have a fair voice in how the government is run.

In addition, this system would be a key step toward fairness, ensuring all Shiba community members have equal representation in governance decisions.

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Shiba Inu Governance Reforms to Support Shibarium’s Growth

Additionally, the developments are also timely as Shiba Inu marks the second anniversary of the launch of the Shibarium, which changed the coin’s perception. It began to be viewed as a more serious cryptocurrency rather than a meme coin.

Shib’s Shibarium is a layer-2 solution that is continuously being developed, and this is closely linked with the expansion of governance options. 

The improved governance structure will have a key role in making decisions that will contribute to the development of Shibarium, security enhancements, and influence token burn programs.

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