Shiba Inu has initiated a formal multi-stage voting process to elect its first interim "network president" and establish councils for each Decentralized Autonomous Organization (DAO), marking what lead developer Shytoshi Kusama describes as "the true birth of a network state". Announced in an August 4 post titled "ELECTIONS," this governance overhaul aims to transition the $7 billion ecosystem toward full decentralization during its fifth "Shib Year."
The three-phase voting architecture begins with open nominations, where the top ten candidates advance to live debates. A subsequent ballot narrows selections to three finalists, with a concluding vote held one week post-debate. All voting utilizes a token-weighted system (1 token = 1 vote) across ecosystem tokens SHIB, BONE, and LEASH, prioritizing stakeholders with "the most skin in the game."
Elected officials will oversee critical functions including treasury management, implementation of the "Shib Paper" vision, and formation of a congress comprising four DAO councils. Candidates require public profiles, KYC verification, and must sign NDAs. Core developer Kaal Dhairya emphasized this shift eliminates single-party control: "Shib was never meant to be controlled by one individual—it's the essence of decentralization."
Notably, the Economic Council will transition under Shib DAO instead of Treat DAO, enabling Treat to focus exclusively on innovation. The interim president will manage ratification of the Hounds Constitution within four months of "Shibizenship" implementation. At press time, SHIB traded near $0.00001209 amid broader market declines.