SHIB was trading at $0.0000093, marginally down in last 24 hours
shiba inu burn rate That’s a slight up of 36% over the past 24 hours as a total of 8,375,655 SHIB were burned and six transactions were made.
In the last seven days, 126,452,790 SHIB tokens were burned and 50 transactions were made. This number is lower than that of the previous week, when 223,264,370 SHIB tokens were burned.
At the time of publication, SHIB was trading at $0.0000093, having declined marginally over the past 24 hours. After rallying from a low of $0.0000081 on Nov 22, SHIB remains in consolidation, with the range tightening as the days go by.
This might suggest a move might be on the horizon, though the extent remains unknown. The daily RSI has flattened, increasing the chances of consolidation ahead of the main move.
Welli Dao model of Shiba Inu started
In February, Shiba Inu announced its integration with Italian burger joint Welli’s. The DAO model was proposed to enable the community to participate in decision making.
As stated in a blog post, Welly’s DAO model was tested during the recent launch of its Decentralized Organizational Group (D.O.G.) in late November. Community members were tasked with choosing the best interior design from a sample of three concepts offered by the partner design firm, Masquespacio, for the inside of future franchise locations.
Future decisions presented to members of the Veli community will use the DOG model. This will include decisions ranging from store decor to franchisee location, menu options and packaging.
Additionally, the Shiba Inu community will use a different DAO to decide how to best use funds allocated to SHIB holders, which will account for 15% of future net store profits.
