For Token Offerings on Stellar, the Offering Manager allows the admin to schedule daily snapshots of token holders of the offered asset at a specific time of day. For Tokens on EVM chains, snapshots can be created via the Token Tool. The list of Token holders and their respective holdings is also referred to as "Registrar". Upon distribution of Tokens, the system initiates a Registrar snapshot at the defined time and stores it under the "Registrar" tab.
The Registrar snapshots can be used for off-chain backups of token holdings, for reporting and compliance purposes as well as as a basis for Payouts to investors. Below is a list of each of the snapshots that can be used for payouts.