Snapshot is a gasless off-chain voting protocol widely used in decentralized governance. It allows DAOs, blockchain projects, and tokenized communities to conduct votes without requiring on-chain transactions, making governance more efficient and cost-effective.
Snapshot supports various voting strategies, enabling projects to customize voting power based on token holdings, delegation, or other criteria. By leveraging IPFS for data storage and cryptographic signatures for security, Snapshot ensures transparency and integrity in decision-making.
It has become the go-to tool for Web3 communities, empowering decentralized organizations to engage their members in governance without the friction of on-chain costs.
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