Shiba Inu Battles Rising FUD: SHIB Team Responds with Key Updates

SHIB Lead Takes a Stand: Defending DAO and Ecosystem

Shiba Inu’s marketing lead, known as Lucie, addressed growing concerns of FUD (fear, uncertainty, doubt) against the Shiba Inu ecosystem. Lucie posted on X, stating that FUD aimed at the SHIB team and ecosystem has hit an all-time high. She reassured the SHIB community, affirming that developers are actively working on all previously announced projects. This includes efforts led by Shytoshi Kusama, another key figure in the SHIB ecosystem.

FUD Driven by Outsiders

In her tweet, Lucie pointed out that much of the negative sentiment comes from individuals who hold little investment in SHIB. Moreover, according to her, these people often invest in other tokens and use Shiba Inu’s name simply to gain attention.

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Lucie believes they criticize the ecosystem just to attract followers, despite having minimal involvement with SHIB. Lucie emphasized the importance of transparency and hard work for building long-term support. 

She argued that real products and utility attract loyal holders. “Transparency and real effort keep people around, not attacking others,” Lucie stressed. This approach, she said, is what fosters community growth and strengthens the SHIB ecosystem.

SHIB’s Future: Doggy DAO Foundation

In a recent update, Lucie teased the upcoming Shib Doggy DAO Foundation. This new initiative is expected to launch by late 2024 or early 2025. Lucie stated that the foundation would represent “the next chapter for Shib State,” moving towards a decentralized and autonomous future. 

Lucie explained that the Doggy DAO Foundation will use a Decentralized Autonomous Organization (DAO) model. 

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This system will give token holders, including those holding SHIB, BONE, LEASH, and TREAT, the power to vote on governance issues. However, the aim is to ensure SHIB is led by long-term investors and not by those driven by short-term trends or external influence. 

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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