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Snapshot

Snapshot is a decentralized voting system that provides flexibility in how voting power is calculated for a vote. It supports various voting types to meet the needs of organizations. Creating proposals and voting on Snapshot is user-friendly and does not require gas, as the process is performed off-chain.

What is Snapshot?

Snapshot is a decentralized off-chain voting platform widely adopted in the cryptocurrency and decentralized finance (DeFi) sectors to facilitate efficient, transparent, and accessible governance. Launched in 2020, it enables participants to issue and vote on proposals without interacting directly with the blockchain, resulting in a gasless experience for both proposal creators and voters.

How Does Snapshot Work?

Snapshot operates by allowing projects to create proposals for community voting without incurring transaction fees. It utilizes the InterPlanetary File System (IPFS) to store votes off-chain, linking voting power to on-chain data to maintain security and verifiability. Users connect their cryptocurrency wallets to Snapshot's website to participate in polls, with voting power determined by their token holdings.

What Makes Snapshot Unique?

Snapshot's key features include gasless voting, support for various governance frameworks, and integration with multiple blockchain networks. It is widely used by decentralized autonomous organizations (DAOs), DeFi protocols, and NFT projects to engage their communities in decision-making processes without the burden of transaction fees.

Who Are the Founders of Snapshot?

Snapshot Labs, the creators of Snapshot, emerged from stealth mode in August 2020. Specific information about the founders is limited, but the project is associated with Balancer Labs, the R&D division of the automated portfolio manager and trading platform Balancer.

Latest News

What Key Events Have There Been for Snapshot?

As of September 2025, Snapshot has been widely adopted by numerous projects and users, with notable examples such as Stargate and Optimism. This adoption signifies a significant step in bridging the gap between users and projects, allowing for more inclusive governance.

Project Announcements

Upcoming Events

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Projects Announcements

Where to Buy Snapshot?

As of September 2025, Snapshot has not announced any plans regarding the launch of a token. Therefore, there are no exchanges where a Snapshot token can be traded.

Snapshot Price

Daily Trading Volume

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All-Time Low

Market Cap and Valuation

Market Cap

Fully Diluted Valuation

Snapshot Price Prediction

Currently, there are no available forecasts from reliable experts or publications regarding Snapshot's token price, as the project has not announced any plans to launch a token.

FAQ

What is the Purpose of Snapshot?

How Can I Participate in Snapshot's Ecosystem?

What Sets Snapshot Apart from Competitors?

Is Snapshot Secure?

What are the Risks Associated with Snapshot?

Community Sentiment

5.30K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.