This article was first published on SingularDTV - Medium
Snapshot of SNGLS Wallets at Block Height: 10272100
Countdown Timer: https://etherscan.io/block/countdown/10272100
Estimated Date of Snapshot: June 15th, 2020
Airdrop: June 19th, 2020
We are airdropping our snglsDAO Governance Token (SGT) on June 19th 2020, please be aware that in order to receive this token you will need to have SNGLS in a wallet you hold the private keys to at the block height of 10272100 on the estimated date of June 15th, 2020. If you have tokens on exchanges, and you want to participate in the airdrop, move your SNGLS to a wallet you control the private keys to BEFORE the snapshot. All tokens left on exchanges will have the airdropped SGT tokens sent to the snglsDAO Foundation Hotwallet. We have been in talks with exchanges that support SNGLS to support the airdrop, if anything changes we will pin a tweet to our Twitter explaining.* The governance token will be the token that controls the snglsDAO which is the governance layer of the SNGLS Media Distribution Protocol. If you hold SNGLS in a wallet you control the private keys to you will get 1:1 SGT tokens.
*since the publication of this article Binance has officially announced they will support the airdrop — https://www.binance.com/en/support/articles/31e67997e3a04dbd92ef6a273b8a2152
SGT tokens are your reputation in the decentralized autonomous organization (DAO). We are using a token weighted reputation scheme, so the SGT tokens you have staked in the DAO in comparison to the total amount of the SGT staked in the DAO will be your reputation. Your reputation allows you to vote on proposals and the more reputation you have the more your vote counts. This voting mechanism is incredibly powerful and will control the direction of the organization.
Let’s breakdown the three types of proposals that are built into the DAO:
The technology stack we are ...
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SingularDTV - Medium