The Cryptodate token (CDT) is an ERC20 governance and utility token for the Cryptodate project. As the project gains users, community governance of the project is becoming more necessary. As such, we have taken the initiative to adopt a governance platform, Snapshot that is an industry standard in the space, used by projects like ENS, Gitcoin, Uniswap, Sushi, PancakeSwap, Decentraland and more.
Because each instance of the Cryptodate set of contracts is isomorphic to the blockchain it has been deployed on, there are different Snapshot instances for each instance of Cryptodate.
For example, the community of Cryptodate holders on Fantom might choose a different path for the project (which artists to commission, floor price of an NFT, etc.) than the community on Avalanche.
Here are the URLs to the various Snapshots:
- Binance Smart Chain Governance
- Polygon Governance
- Avalanche Governance
- Fantom Smart Chain Governance
- Moon River Governance
- Arbitrum Governance
- Optimism Smart Chain Governance
As a reminder, the tokenomics of the project is structured so that holders of Cryptodate NFTs earn CDT tokens simply by owning them, thus the yield bearing nature of the NFT. The more Cryptodates you own and the longer you own them, the more CDT you earn, giving you more weight in governing the project.
Once you own CDT tokens, you have the ability to create proposals on Snapshot as well as vote on proposals.