Ryoshi Sets To Launch Governance Token With a Total Supply of 200 Million

• Ryoshi is set to launch its governance token, focusing on “decentralization and active participation” in network governance.
• The project envisions collaborating with the Shib community and the wider adoption of SHIB tokens.
• While the total supply is 200,000,000 tokens, the FDV is valued at $12.5 million.

Ryoshi, the Shiba Inu-centric Layer 2 project, has set to launch its governance token focusing on “decentralization and active participation” in network governance. While Ryoshi adopts SHIB as its native gas token, the project envisions the wider and global adoption of SHIB tokens.

Shiba Inu’s Layer 2 blockchain recently shared an X post, announcing the crucial development in the ecosystem. As per the tweet, the token launch aims to bootstrap “early adopters of the network and gain organic support from within the Shiba Inu community” ahead of the chain’s launch.

Woah, wut's this shiny new thing?

The #Ryoshi governance token is preparing to #launch, with the intention of bootstrapping early adopters of the network and gaining organic support from within the Shiba Inu community, ahead of our chain being live.

Dive into more details… pic.twitt…

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