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Shiba Inu Lead Developer Says “How Welly Giving SHIB Community 15% Ownership Is Not A Great Thing”
Welly Could Have Been Built Without the Involvement of SHIBArmy, Shiba Inu Lead Developer Says In Response to Critics.
Kabir V.
6:53 2nd May, 2022
Altcoins

Shiba Inu’s lead developer has slammed YouTubers for criticizing the crypto project’s partnership with the Welly burger joint.

Shytoshi Kusama, the lead developer of Shiba Inu, the second-biggest meme coin in the world, has slammed critics who continue to say that the team behind the project is “building outside of SHIB” following its partnership with Welly, a Naples-based burger joint.

Shytoshi Kusama stated that some YouTubers have been condemning the team’s partnership with Welly while ignoring the perks that come with the collaboration, including the 15% stake in Welly’s business that will be given to the Shiba Inu community.

“Incredible to hear Youtubers ask why we are building outside of Shib with things like .@wellyfriends and just ignore the 15% we announced that will be OWNED by the Shib community?!,” Kusama said in a tweet earlier today.

According to Kusama, Shiba Inu’s partnership with Welly has turned out to be a great thing because the restaurant could still have built a blockchain burger joint without collaborating with the dog-themed project.

“How is this not a great thing? They could have built it WITHOUT US. (See other NFT restaurants.),” Shytoshi Kusama added.

Welly Announces Mouthwatering Opportunities for Shiba Inu Community

Shytoshi response came after Welly noted that it would allocate 15% of its business to the Shiba Inu community. Welly, the burger restaurant that accepts Shib Inu payments said it will give the Shiba Inu community a 15% stake in its business. The Shiba Inu community will also receive a percentage of Welly’s profit, including the company’s net sales as well as fees gotten from the franchise.

“We’re honored to grant Shibtoken decentralized community FULL 15% ownership of the Welly Company! On our road to the acquisition, this is an amazing way to give back to the community which loves us so much.”

The Welly team also noted that the SHIBArmy will decide how the profits generated from its business will be allocated to the community using their BONE token in the Doggy DAO.

Meanwhile, Welly also declared its intention to burn a percentage of its franchise fees and the company’s net sales via SHIB tokens to boost the cryptocurrency’s value.

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