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Dora Factory launches tokens to over 1 million Cosmos stakers
Dora Factory, a leading blockchain infrastructure provider, launched its native DORA token to over 1 million Cosmos Hub stakers on June 5 to increase participation in ecosystem governance and decentralized financing activities.
Dora Factory focuses on decentralized governance and public goods financing tools. The company has developed technologies such as Dora Vota and Public Good Staking to improve decentralized governance.
The financing of public goods
After the airdrop, the project declared it Cosmos communities could participate in the ATOM Economic Zone (AEZ) quadratic financing program, an initiative he is spearheading with DoraHacks and Atom Accelerator DAO. This campaign aims to mobilize decentralized communities support public goods projects through fundraising.
Cosmos users can participate using their own ATOM tokens to vote for and donate to public goods teams they wish to support. This initiative aims to help early-stage developers decide on the allocation of a matching pool of 80,000 ATOM and 200,000 USDC dollars over the course of ten rounds of AEZ Quadratic funding and MACI voting. The smart contracts for this round of voting are located on the Dora Vota network, allowing the community to use DORA tokens issued on the plane as gas fares.
The team emphasized that the campaign was much more than simply distributing the prize money to early-stage projects and vital public assets in the AEZ. They said it was also an experiment in democratic governance designed to harness community power to support public goods and promising developers.
Vote on privacy
Additionally, Dora Factory has launched an innovative on-chain voting system with advanced privacy features known as Minimal Anti-Collusion Infrastructure (MACI). This system allows community members to vote and review projects anonymously while protecting their addresses.
The team said it has whitelisted a record one million addresses to participate in the MACI privacy voting test and will distribute a $20,000 USDC stablecoin to the selected teams. Dora Factory will cover all voting quotas for this round through Dora Vote’s native service station feature.
The MACI vote could revolutionize on-chain governance for the Cosmos community and other blockchains, making decentralized governance more efficient and cost-effective.