Snapshot X Launched: Gas-Free Voting Powered by Starknet Technology

by Giorgi Kostiuk

2 years ago

Made with AI

Snapshot X Announcement
Snapshot X Technology and Features
First Vote on Snapshot X

Snapshot X, a governance platform for decentralized autonomous organizations (DAOs), has officially launched. This new Layer 2-based protocol enables onchain voting without high fees. Powered by Starknet’s roll-up technology, it aims to improve the voting process in blockchain projects.

Snapshot X Announcement

Snapshot X, a governance platform for DAOs, enables gas-free voting. Developed by Snapshot Labs, this Layer 2 protocol leverages Starknet's roll-up technology to simplify and reduce the costs of voting in blockchain projects, avoiding traditional expenses and complexities.

Snapshot X Technology and Features

Snapshot X uses scaling and storage proofs from StarkWare, the main developer of Starknet. This technology allows secure voting across different blockchains without the need to transfer tokens or rely on third-party intermediaries. Storage proofs ensure cryptographic verification of user assets, guaranteeing secure and tamper-proof voting processes.

First Vote on Snapshot X

The first vote on Snapshot X will take place from September 10-13, where Starknet community members will decide on a staking proposal. Voting will take place on the Starknet Governance Hub through a custom-built interface, marking the protocol’s debut in live governance.

For the first time, DAOs can offer free onchain voting to their communities, promoting greater inclusivity and participation in decentralized decision-making.Jeremy Musighi, COO of Snapshot Labs

The launch of Snapshot X marks a significant step toward improving DAO governance and decentralized decision-making. Leveraging Starknet technology, the platform offers secure, efficient, and free voting, making it an appealing tool for various blockchain projects.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Arbitrum Engages European Financial Institutions on Blockchain Infrastructure

Arbitrum representatives presented the network's infrastructure and revenue model to European financial institutions managing substantial assets, discussing its commercial potential and the value of blockchain services.

Filippo Romano17 minutes ago

Grayscale Partners with Republic to Launch Specialized Crypto Funds

Grayscale and Republic have launched three specialized cryptocurrency funds with a minimum investment of $2,500 for accredited investors, focusing on decentralized finance, artificial intelligence, and blockchain data infrastructure.

Emily Carteran hour ago

Deutsche Bank to Launch Institutional Digital Asset Custody Services

Deutsche Bank is set to introduce digital asset custody services for institutional clients in Germany, marking a significant step in integrating cryptocurrencies into mainstream finance.