Description: Snapshot governance is a decision-making model in the realm of cryptocurrencies and non-fungible tokens (NFTs) that relies on collecting data about token holders at a specific moment. This approach allows decentralized communities and organizations to make informed and representative decisions, as it considers the distribution of token ownership at the time of the snapshot. Through this method, the aim is to ensure that decisions reflect the will of token holders, thereby promoting greater participation and transparency in the governance process. Snapshots can be used to vote on proposals, protocol changes, or reward distributions, among other aspects. This model is particularly relevant in the context of decentralized systems, where active member participation is crucial for the project’s success and sustainability. Snapshot governance is distinguished by its ability to capture the community’s dynamics at a given moment, which can influence the project’s future direction and strategic decision-making.
