Snapshot Overview
- What is Snapshot?
Snapshot is a decentralized voting platform that allows blockchain communities to propose and vote on governance decisions without incurring gas fees. This tool is widely used by various decentralized autonomous organizations (DAOs) to facilitate community governance and decision-making.
- Main Features
- Gasless VotingMulti-chain SupportSupports different voting mechanismsSpace for forums for discussionsCustomizable voting systems
- Blockchains
- Ethereum, Polygon zkEVM, Optimism, Linea, Arbitrum, Polygon, ZkSync Era, Base, Mode, Starknet
Frequently asked questions
- Token-weighted voting: Here, voting power is determined by the number of tokens a community member holds.
- Quadratic voting: This system gives more weight to votes from those who hold a smaller number of tokens, promoting broader participation.
- Permissioned voting: You can restrict voting rights to specific community members based on pre-defined criteria.
To join a space or network on Snapshot, you first need to connect your Web3 wallet that holds the governance tokens of the DAO you wish to participate in. Once connected, navigate to the "Spaces" section on Snapshot, where you can search for and select the DAO space you want to join. After joining, you can start participating in discussions, proposals, and voting according to the rules of that specific DAO.
To create a space on Snapshot, you first need an ENS domain. After setting up your ENS domain, you can create your profile and set up voting strategies for your DAO. This includes choosing how votes are weighted and defining the types of tokens or credentials that determine voting power.
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