What is snapshot.org?
Snapshot is a decentralized voting system. It's used by several companies in the DeFi space to help survey users. The project uses 'off-chain' signing techniques to make voting fee less.
Why is X7 Finance using it?
X7 Finance when handed control of the DAO will utilize its own custom built DAO dApp. Until then proposers can issue advisory votes via snaphot.org. With this being said proposers should consider that until full hand over of DAO capabilities, changes to the ecosystem will be limited and proposals should be community based rather than code based.
Who can propose?
Holders of 500,000 $X7DAO Tokens and holders of MAGISTER NFT tokens.
Who can vote?
Holders of $X7DAO Tokens and holders of MAGISTER NFT tokens.
What does the MAGISTER NFT do?
MAGISTER NFTs are designed to give investors responsible access to higher DAO voting privileges.
Majority MAGISTER vote overrides 50-75% DAO vote.
Who are the admins of snapshot.org?
Although snapshot.org is a decentralized voting system, There is a need for a registered ENS. This ENS (x7community.eth) is controlled by:
Other admin wallets are:
X7 Deployer Wallet (UNS: x7finance.crypto)
X7 Developer Multi Sig Wallet (ENS: x7finance.eth)
