In an announcement made on social media, Welly revealed that the 15% ownership will be “aggregated in a Shiba Welly Wallet” that will include profits from all of the company’s activities. The funds within the wallet will be managed by the Doggy decentralized autonomous organization (DAO), which can choose to use them to burn SHIB, for example.
The Doggy DAO, it’s worth mentioning, is controlled by BONE token holders, as this is the governance token used within the decentralized organization. The BONE token is one of the tokens within the SHIB ecosystem, however.
The Naples-based fast-food chain added that the 15% ownership is in addition to the 10% of its gross profit committed to Welly non-fungible token (NFT) holders, or the 2% used to burn SHIB tokens.
Outside of the 15% ownership Welly granted the Shiba Inu community, the firm has also previously revealed it will use 2% of its net profits to burn SHIB tokens.