A Multi-Signature Wallet such as Gnosis Safe is a Crypto Wallet that allows you to manage your community crypto assets, with the option to require a predefined number of signatures to confirm transactions. As it is necessary to have multiple team members to ensure every transaction in order to execute it, it prevents unauthorized access to the fund in this wallet.
With a multi-signature wallet, no one can leave with all the money as it would require the authorization of all the other members.
With this feature, that we launched in partnership with Polygon Studio, a whole new world is opening for Coinvise's creators that will leverage our tools to build ambitious projects with team members worldwide.
Here are some interesting use cases we envisioned creators and DAOs would use this feature:
- Collaborate with trust with other DAOs - We're true believers that the future will be shaped through DAO-to-DAO collaborations, and we think letting coinvise creators leverage our tools while creating trust with other DAO will serve the creation of resilient, accountable, and mutualistic institutions leading into the twenty-first century.
- Create trust within team worldwide - Our goal at Coinvise has always been to help the creators and the ambitious to build projects, and this goes by providing them the best tools while keeping trust at scale with team worldwide.
From today, every Coinvise member can create a Vesting, Airdrop, Quest, and Token via a multi-signature wallet.
Note: Before starting this tutorial on how to connect a multi-signature wallet on Coinvise, make sure to have a Crypto Wallet and a multi-signature Wallet set up first.
Step 2 - Click on the Connect button from the pop-up.
Step 3 - Sign in to Coinvise by signing the transaction you received.
Step 4 - Once connected to Coinvise with a Crypto Wallet, head over to the Gnosis Safe button at the upper right corner of your screen and click on Connect.
Step 5 - Select your favorite option to connect your Multi-Signature wallet to Coinvise (QR Code or Direct Link).
Step 6 - Once connected, you should see a message appear letting you know you’ve connected your Multi-Signature wallet successfully. Congrats 🚀
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