In an announcement on X, Lucie (@LucieSHIB), the marketing lead for Shiba Inu, delineated the commitment of the Shiba Inu team towards implementing a robust governance framework centered around their digital asset LEASH. With a fixed supply of 107,000 units, LEASH serves as a key financial asset and as a linchpin in the governance structure of the Shib ecosystem, particularly within the Shib State’s Environmental Council.
Shiba Inu’s Solution For Decentralized Governance
Lucie emphasized LEASH’s critical role in the Environmental Council’s Protection & Policy branch, a new initiative within the Shib State aimed at reinforcing the ethical standards and sustainability goals of the community. This branch is tasked with protecting the community’s rights and ensuring adherence to its values through a system that prevents misuse of power by any governance branch or individual within the ecosystem.
The responsibilities of the Protection & Policy branch are foundational to the maintenance of the Shib ecosystem’s integrity and align with the directives laid out in “The Canine Code.” This document serves as the ethical constitution of the community, guiding the creation, implementation, and oversight of policies.
The branch focuses on several key areas: the protection of rights and values of community members, implementing and maintaining an oversight system robust enough to identify and prevent potential abuses of power within the governance structures and formulating policies that reflect the principles of The Canine Code and enforcing them across the Shib ecosystem.
The exclusivity of LEASH is by design, limiting its supply to 107,000 tokens to highlight its value and strategic importance. This exclusivity affords LEASH holders unique access to launches and initiatives within the Shib ecosystem. Lucie explained, “Leash is not only a premium asset but also serves as a gateway to exclusive Shib ecosystem launches and initiatives. This unique status aligns with Shib’s broader goals of ethical governance and environmental responsibility, offering holders special access and benefits.”
As Bitcoinist reported yesterday, LEASH holders received an exclusive gift just this week. LEASH holders have early access to the beta version of the first Shibarium-based Web3 game in the Shiba Inu ecosystem, Shiba Eternity, before all other users, including Shiboshi NFT holders.
Lucie also reinforced the dual role of LEASH in environmental and ethical governance. The Environmental Council, underpinned by the activities of the Protection & Policy branch, is actively engaged in developing initiatives and policies that focus on sustainability and ethical governance. This commitment is a response to growing demands within the crypto community for greater responsibility and accountability in project governance.
At press time, SHIB traded at $0.00001418.
Featured image created with DALL.E, chart from TradingView.com
Source: https://bitcoinist.com/shiba-inu-team-ethical-governance-leash/