Disclaimer: Participation in any SNS is at your own risk.
SNS stands for Service Nervous System. An SNS is a powerful form of DAO that allows communities to govern smart contracts and decentralized apps (dapps) running on the Internet Computer (ICP) completely on chain. Main things to note about SNS:
- The design of SNSs is similar to that of the Network Nervous System (NNS), which is the on-chain DAO that governs the whole ICP.
- A dapp controlled by an SNS DAO is governed by SNS token holders submitting and voting on on-chain proposals. No one developer or group of people controls the dapp, rather the dapp is controlled by voting via tokens.
- There can be many SNSs on ICP. Any developer can hand over the control of their dapp to an SNS DAO. Doing so gives control to DAO token holders.