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Cryptocurrency News Articles

Based on a recent X post, the Onyx DAO introduced a new gas-free polling system

May 06, 2025 at 06:12 pm

Based on a recent X post, the Onyx DAO introduced a new gas-free polling system to boost community engagement in governance.

Based on a recent X post, the Onyx DAO introduced a new gas-free polling system

Onyx DAO has implemented a new gas-free polling system to increase community involvement in governance, beginning with early-stage proposals. The initiative, which began recently with polls at polls.onyx.org, allows Onyx Blockchain users to propose governance ideas without paying transaction fees.

This change reduces the minimum requirement for submitting a proposal from 200 million XCN to 10 million XCN, potentially expanding the pool of eligible submitters from 10 to 160. The move marks a significant shift in how Onyx promotes decentralized decision-making, highlighting the DAO’s focus on inclusive governance practices.

Here's a summary of the update, which centers on OIP-56 establishing an off-chain voting structure via Snapshot.org:

* Snapshot.org, a platform trusted by numerous DAOs, will be used for efficient off-chain governance processes.

* Token holders can express their preferences and vote on proposals in a 48-hour window, with the first poll reaching OIP status receiving an additional reward of 1000 XCN.

* This initiative encourages broader community engagement in the proposal stage, promoting a more active role in the development of the Onyx ecosystem.

The complete article detailing the update and how you can claim 1000 XCN is available here.

As Onyx Blockchain evolves, Snapshot will serve as a crucial component, ensuring transparency and accessible feedback loops throughout the ecosystem. This revision fosters a more iterative governance model, striking a balance between seamless access and multi-stage path in a way that closely aligns with XCM governance ideals, ultimately achieving greater good and diverse participation in the blockchain's future.

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Other articles published on May 06, 2025