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- #1
A crypto snapshot is a blockchain condition at a certain time, this condition is a record of blockchain information about transactions, crypto balances owned by each crypto address. Crypto snapshots are done by developers when they are going to make changes to their network, so hodlers don't need to take any action, they just need to prepare their crypto to be eligible to get rewards from the network, have voting rights in project decision making, get incentives for loyal network users.