Coming from the Shiba Inu & Doge Family, Bitshiba tokens are an innovative, community-owned digital currency. It is a peer-to-peer cryptocurrency and meme coin designed for community usage. It allows investors to stake, farm, and buy next-generation NFTs.
Model of DAO Governance
The DAO acronym stands for Decentralised Autonomous Organisation. Decentralised means there is no central authority, autonomous means the authority is retained by members, and organisational means there are several members. Essentially, DAOs are a group of individuals who control an organisation’s operations as a whole without a need for a strong hierarchy. Each DAO member controls its organisation through proposals, for which all members vote by holding governance tokens. By using a DAO model, Bitshiba creates a token that is community-owned. It guarantees investors that their investments will be managed fairly and transparently.
Tokens with Fixed Supplies
There are no new tokens being minted for BitShiba, a token with a fixed supply. All tokens that will ever be produced have already been made. Due to $SHIBA’s commitment to a genuinely fair and distributed society, there are no presales and no team tokens. Approximately 50% of all BitShiba tokens (500 trillion) have been added to Pancakeswap liquidity. The remaining 50% (500 trillion) were sent to the burn address, where they were destroyed forever. The DEX Liquidity pool remains locked until 2099. This means the BitShiba community holds 100% of all tokens.
Multi-party transactions across multiple blockchains are called cross-chain transactions. Bitshiba token is applicable to a wide range of DAO applications, which makes it less expensive. $SHIBA can be used for swaps, farming, blockchain, games, NFT, community voting, etc. On the Binance Smart Chain.
Considering the nature of Shiba coin DAO, this will be a great opportunity for crypto enthusiasts who hold or do not hold $SHIBA. By holding this coin, you can benefit from stakes, farming, and buying NFTs. So, what are you waiting for? Buy Shiba today!
Karnav Shah, Editor-in-Chief of Cryptonaire Weekly, recently said, “$SHIBA is a versatile utility coin and can be used in many decentralised applications. This makes it a much more cost-effective coin compared to other coins. It comes from a Shiba Inu & doge family; I will keep an eye on it and update users regularly.”
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