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TL;DR - Snapshot
- Enables gasless, off-chain voting for Web3 communities.
- Supports customizable voting strategies based on token holdings.
- Facilitates decentralized governance for DAOs and blockchain projects.
Pricing: Free plan available
Best for: Growing teams
Pros & Cons
Pros
- Eliminates gas fees for voting, reducing participation barriers.
- Offers flexibility in defining voting power through custom strategies.
- Increases community engagement in governance decisions.
- Provides a transparent and verifiable voting process.
Cons
- Off-chain voting requires a separate on-chain execution mechanism for proposals.
- Relies on community adoption and active participation for effective governance.
Key Features
Gasless votingOff-chain proposal creation and votingCustomizable voting strategiesIntegration with blockchain identitiesCommunity-driven governanceSupport for various token types (ERC-20, NFTs)
Pricing Plans
Free TrialFree
Free
- 1 user
- 1 project
- 100 MB storage
- Basic features
Starter
$10/month
- 5 users
- 5 projects
- 1 GB storage
- Advanced features
Pro
$25/month
- Unlimited users
- Unlimited projects
- 10 GB storage
- All features
- Priority support
About Snapshot
By Toolradar Team·
Snapshot is a decentralized voting system that allows Web3 communities and Decentralized Autonomous Organizations (DAOs) to conduct off-chain, gasless polls. It enables token holders to vote on proposals without incurring transaction fees, making governance more accessible and cost-effective. The platform supports various voting strategies, allowing communities to customize how voting power is calculated based on token holdings, NFTs, or other on-chain metrics.
Designed for transparency and community engagement, Snapshot integrates directly with blockchain identities, ensuring that votes are verifiable and tied to actual token ownership. It serves as a critical tool for DAOs and other decentralized projects to make collective decisions efficiently, from treasury management to protocol upgrades, fostering a more inclusive and active governance process.
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Snapshot FAQ
How does Snapshot ensure that votes are secure and tamper-proof if they are conducted off-chain?
Snapshot ensures vote security by cryptographically signing each vote with the user's wallet. While the votes themselves are not recorded directly on the blockchain, the signed messages are stored on IPFS, providing an immutable and verifiable record. This allows anyone to audit the votes and confirm their authenticity against the voter's blockchain identity and token holdings at the time of the snapshot.
Can a community use Snapshot to vote on proposals that require on-chain execution, such as treasury transfers or smart contract upgrades?
Yes, communities can use Snapshot to vote on proposals that ultimately require on-chain execution. However, Snapshot itself only handles the voting process. For on-chain actions, the community typically uses a multi-signature wallet or a separate smart contract (like a Gnosis Safe or Aragon DAO) that is configured to execute transactions based on the outcome of a Snapshot vote. The Snapshot vote serves as the mandate for the on-chain action.
What types of custom voting strategies are supported, and how can a community implement a unique strategy?
Snapshot supports a wide range of custom voting strategies, including weighted voting based on ERC-20 token balances, NFT ownership, LP token holdings, or even more complex logic combining multiple factors. Communities can implement unique strategies by selecting from a library of pre-built strategies or by developing and deploying their own custom strategy smart contracts, which Snapshot can then integrate to calculate voting power.
Is it possible to integrate Snapshot with existing community platforms or communication tools?
Snapshot is designed to be highly interoperable. While it doesn't have direct, built-in integrations with every communication tool, many communities link their Snapshot spaces from platforms like Discord, Telegram, or their project websites. The platform also offers an API that allows developers to build custom integrations and display voting information within other applications or dashboards.
What happens if a voter transfers their tokens after a snapshot is taken but before the voting period ends?
When a proposal is created, Snapshot records the state of token holdings at a specific block number on the blockchain. This is called the 'snapshot' block. Any token transfers that occur after this block number will not affect a user's voting power for that specific proposal, as their voting weight is determined solely by their holdings at the time the snapshot was taken.
Source: snapshot.org