Following the fifth anniversary of the meme coin, Shiba Inu is taking a major step toward full decentralization by launching a structured election process aimed at creating a self-governed digital network — a “Shib State” — overseeing its $7 billion ecosystem.
🐶 Structured Elections to Transfer Power to the Community
According to the official announcement, a three-phase election will be held to appoint an interim president and members of the DAO Council. This leadership will manage Shiba Inu’s infrastructure, including token economy oversight and project governance.
The transition is rooted in a revised Hounds Constitution, which now includes specific provisions for this power shift. All candidates must undergo KYC verification and sign a non-disclosure agreement (NDA).
The election will proceed in the following phases:
🔹 Nomination – open to all participants with a profile
🔹 Public Debate – the top 10 candidates present their vision
🔹 Voting – narrows the field to 3 finalists, and then to 1 winner
🔹 Ratification – the president will be confirmed by DAO branches within four months of Shibizenship implementation
🧭 Vision, Congress, and Treasury: Duties of the Incoming Leader
The interim president’s responsibilities will include:
🔹 Executing the goals of the Shib Document
🔹 Establishing the first cross-sector DAO Congress
🔹 Managing the Shiba Inu token treasury and financial strategies
🔹 Overseeing DAO structural development
In addition, the previously proposed Economic Council, originally introduced under Treat token governance, will now operate under the Shib DAO to support long-term financial planning and project sustainability.
📉 Elections Meet Market Reality: SHIB Price Slightly Drops
While the governance model evolves, the SHIB token price has seen a slight decline. According to TradingView, the coin has dropped over 4% in the past 24 hours and is currently trading at $0.00001198. The market appears cautiously optimistic — a common reaction to significant governance changes.
Shytoshi Kusama, Shiba Inu's lead developer, stated on X that SHIB was always meant to become fully decentralized. With its fifth anniversary now behind it, the time has come to fulfill that vision.
#Shibalnu , #Shibarium , #SHIB , #SHIBARMY , #CryptoCommunity
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