Starknet will conduct its first mainnet governance vote through Snapshot X on September 10th.
Powered by ChatGPTDeepTechFlow News, Starknet announced that it will hold its first on-chain governance vote from September 10th to 13th Beijing time, marking an important milestone in its decentralization process. This vote will determine the token minting curve for staking rewards, paving the way for the initial implementation of Starknet's staking mechanism.
All $STRK token holders can participate in the vote, but must delegate their voting rights before 12:00 noon on September 10th.
The voting will be conducted through the newly launched Snapshot X governance protocol, built on Starknet, using Herodotus storage proofs to ensure voting integrity. Snapshot X utilizes storage proof technology to verify the amount of $STRK held on a specified snapshot date, supports cross-chain voting, and each vote costs less than 1 thousand gas, 50-100 times cheaper than Ethereum.