Shiba Inu community gains ownership stake in Welly


Alex Dovbnya

Welly says the Shiba Inu community will have a stake in her business

Shiba Inu-friendly burger joint Welly has announced that the community behind the second-largest meme coin will have a 15% ownership stake in his company.

The community is entitled to a share of the profits from all activities. It can decide whether these tokens are burned or used for other purposes.

The holders of the Shiba Inu cryptocurrency can manage these tokens using the BONE DAO.

As reported by U.Today, Welly also recently announced her decision to burn a certain percentage of the revenue received in SHIB tokens.

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Before that, Welly worked with crypto payment company NOWpayments, which allows merchants to reduce the circulating supply of its Dogecoin rival.

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