Bancor

TL:DR

POAP — short for Proof of Attendance Protocol — are digital badges given to users as a way to prove their attendance at events. In this case, the events are the proposal votes.

This proposal aims to activate the snapshot plugin POAP-module and for POAPs to start being issued to voters on every future proposal on Snapshot.

GOAL

• Increase governance participation with minimal cost and effort by using POAP NFTs.
• Increase community engagement.
• Analyse voter participation.

User Workflow

1. User votes on the proposal.
2. The plugin detects the vote and displays the “Claim POAP” button.
3. User clicks “Claim POAP”. Then, the custom POAP is automatically sent to the voter’s wallet.

Types of Bancor POAPs:

• Bancor Improvement Proposals.
• Whitelistings.
• Trading Liquidity Changes.
• Liquidity Mining Changes.
• Fee Changes.
• Others - special events such as v3 launch, Temperature Checks, etc.

Benefits

• Help promote governance participation through incentivization (vote and receive an exclusive POAP).
• Help prove an individual’s commitment and engagement to Bancor’s future.
• Fees are negligible as POAP uses the xDAI network.
• Available metrics to show voter participation for each proposal.
• Optional: reward community participation through the POAP prize raffle system (https://poap.fun/).

Example of snapshot proposal with POAP activated

More information here and here.