Another Great Initiative by SHIB’s Restaurant Franchise, Welly: SHIB Community To Get 15% Ownership of Welly

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Another Great Initiative by SHIB’s Restaurant Franchise,Welly: SHIB Community To Get 15% Ownership of Welly.

It is excellent news for the SHIBArmy that the SHIB Community will get 15% ownership of Welly.  Welly stated that the SHIB Doggy DAO will play the governance role of the Welly fast-food chain. The SHIB Doggy DAO is formed with BONE token holders. Therefore, BONE token holders will have a say on how the profits of Welly fast-food chain will be used.  The SHIB Doggy DAO can decide to burn that profit or use it for whatever endeavor it sees fit. Currently, we don’t have any exact information on what this 15% ownership means yet.  Does this mean 15% of the Welly profits go to the SHIB Doggy DAO (BONE token holders) or does this mean the whole SHIB Community will collectively own 15% of  Welly?

Welly already announced that it will join the SHIB Burn Movement to burn 2% of SHIB through its company’s franchise fees and net profits. Currently, Welly is already burning SHIB using NOWPayments.

Welly announced that it will be dropping Welly NFTs soon and Welly NFT holders will be able to collect a portion of Welly’s profits through SHIB rewards.

Shytoshi Kusama also expressed his support for this great initiative via a tweet.


 

Disclaimer: Our articles are for educational purposes only and NOT financial advice. For your own personal investment decisions, please do your own research and consult a financial advisor. Good luck investing.

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