Multi-Signature Wallet: Creating Trust At Scale With Gnosis Safe
The "Multisig tool" on Coinvise is a way for creators to collaborate with trust with other creators worldwide. It allows creators to create a token through a Multisig wallet and manage it together.
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.
1 - How to connect a Multi-signature Wallet (Gnosis Safe) to Coinvise
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 1 - Go on Coinvise.co and click the Sign in button. Select then your favorite option to sign in. We’ll go with MetaMask in this tutorial.
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 🚀
2 - Why would I want to create a token through a Multi-signature Wallet?
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.