Dora Factory Launches DORA Airdrop to Over 1 Million ATOM Stakers for Governance and Funding

  • Dora Factory has initiated a gas-free airdrop campaign for its cryptocurrency, DORA, targeting over one million ATOM stakers to engage in governance and funding activities.
  • This initiative aims to empower the Cosmos community to support public goods and developers through advanced voting mechanisms.
  • Dora Factory’s new voting technology promises to significantly enhance participation and funding within the Cosmos ecosystem.

Explore how Dora Factory’s gas-free airdrop to ATOM stakers revolutionizes public goods funding and governance within the Cosmos community.

Who Can Take Advantage?

Dora Factory is constructing an open infrastructure aimed at decentralized autonomous organizations (DAOs) on Polkadot Substrate. They’ve recently announced a gas-free airdrop of their native cryptocurrency, DORA, which is accessible to ATOM stakers numbering over one million addresses, according to documents available to CryptoPotato.

The airdrop initiative invites the Cosmos community to participate in the governance of its public goods funding program, known as the ATOM Economic Zone Quadratic Funding. Dora Factory’s campaign will include a substantial round of privacy voting, touted as the “largest” application of Minimum Anti Collusion Infrastructure (MACI) to date.

Per the announcement, all ATOM stakes were credited with DORA tokens in their wallets on June 5. Post-claiming, the Cosmos community can engage in the linked funding round.

“Participants can utilize ATOM to vote and donate to valuable public goods teams, bolster early-stage developers, and allocate the distribution of an 80,000 ATOM and $200,000 USDC matching pool across ten rounds of AEZ Quadratic Funding and MACI voting.

The smart contracts facilitating this quadratic voting are deployed on the Dora Vota network, allowing the community to use DORA for covering gas fees,” states the document.

Dora Factory’s long-term vision includes integrating advanced privacy-enhanced voting technology within the Cosmos ecosystem. This initiative is expected to set a precedent for private, secure, and anti-collusion governance mechanisms applicable in broader future use cases.

Support of Public Goods

The quadratic funding module installed by Dora Factory for the Cosmos Hub aims to elevate the Cosmos network into one of the largest on-chain communities actively supporting public goods.

“The inaugural round of the two-year quadratic funding initiative for the ATOM Economic Zone, starting in June 2024, has already attracted many high-quality projects seeking community attention and support,” the announcement further elaborates.

Conclusion

Dora Factory’s gas-free airdrop campaign and advanced voting technologies mark a progressive milestone for the Cosmos community. By empowering ATOM stakers to participate in governance and funding public goods, this initiative strengthens the network’s democratic ethos and promises continued innovation. Stakeholders are encouraged to utilize these new protocols, ensuring robust participation and sustained support for early-stage developers and public goods projects.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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