🎒ZHOA University DAO

The Changpeng Zhoa team has developed a decentralized autonomous organization that holders of $ZHOA tokens may participate in.

Voting Process

All holders of tokens or future NFTs can vote. Even a single token will give a single voting power point. NFTs will be weighted as the equivalent value of $ZHOA tokens that the mint price could buy when the last NFT is minted. A quorum of 25% of the total supply or 250 000 000m $ZHOA must be met as well for the proposal to be pass! Join the DAO here to vote: https://snapshot.org/#/chengpangzhoa.eth

Proposal Process

Any holder of 1.5% of the total token supply--15 000 000 $ZHOA--can create a proposal in the DAO. All current holders of $ZHOA can then vote on the proposal. The one making the proposal can choose the question, description, and answers to select. When a proposal passes the team will review it and though most will be honored, they must meet three criteria. The proposal must be appropriate, feasible and with the overall project's best interest. If all criteria are met the proposal will be enacted and the team will provide a timeline for delivery. If it doesn't meet the criteria then the team will explain why as well. Proposals can be made here as well: https://snapshot.org/#/chengpangzhoa.eth

DAO Technology Leveraged (Snapshot.org)

Snapshot.org is a decentralized voting platform widely utilized in the blockchain and cryptocurrency space, particularly for governance within decentralized autonomous organizations (DAOs) and various blockchain projects. It enables communities to conduct off-chain governance votes securely and transparently.

Key Features and Safety:

1. Gasless Voting: Snapshot allows users to vote without incurring gas fees, making participation more accessible. Votes are recorded using off-chain signatures, eliminating the costs typically associated with on-chain transactions.

2. Security Through Decentralization: The platform is decentralized, minimizing the risk of central points of failure. Votes are recorded on-chain, ensuring results are tamper-proof and can be independently verified.

3. Flexible Voting Mechanisms: Snapshot supports various voting styles, including single-choice and ranked-choice voting, allowing communities to tailor the voting process to their specific needs. This flexibility enhances engagement and decision-making.

4. Wallet Integration: Users can connect popular crypto wallets to participate in votes directly, maintaining control over their private keys. This enhances security and reduces risks associated with centralized voting systems.

5. Transparency: All voting data is stored on-chain, providing a transparent and verifiable process. Communities can track participation and outcomes, fostering trust in governance. Users can audit results to ensure accurate counting.

6. Community Governance: Snapshot empowers communities to make decisions collectively, promoting decentralized governance. Members can propose and discuss initiatives, ensuring diverse voices are heard.

Reputable Cryptos Using Snapshot:

Many reputable cryptocurrency projects utilize Snapshot for their governance processes. Notable examples include:

• Aave

• Uniswap

• Pancakeswap

Overall, Snapshot.org is a vital tool for decentralized governance, enabling projects to engage their communities effectively. Its combination of gasless voting, security features, and transparency makes it a safe and reliable choice for governance in the crypto space, adopted by numerous reputable projects.