Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Markuri33 on November 04, 2021, 12:53:02 AM
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Snapshot is integrating the Colony reputation system to make DAO decision-making more equitable and transparent.Governance tokens are the crypto assets used to decide the future of a decentralized autonomous organization, also known as a DAO. The community uses governance tokens to vote on project funding proposals, elections, and other measures. However, similar to stocks in a company, those who hold more tokens usually get their way. An unfortunate side effect is the centralization of power among a few whales within an ostensibly decentralized organization.
By using Colony's reputation system, Snapshot wants to make the decision-making process more equitable.more information (https://decrypt.co/85171/defi-tool-snapshot-using-colony-rebalance-power-dao-voting)