Dora FactoryPrice

(DORA)

Dora Factory is a decentralized governance infrastructure designed to empower open-source communities and Decentralized Autonomous Organizations (DAOs). It functions as a "DAO-as-a-Service" platform, offering tools and a framework to support decentralized governance and community funding for open-source projects. Its core mission is to enable transparent, democratic decision-making and sustainable funding for public goods using blockchain technology, fostering community-driven development and resource allocation.

DORA is the native utility token of Dora Factory, facilitating essential functions like staking, mining, and service payments. Holders govern the network, and staking 100 DORA is required to create a DAO (returned upon termination). DORA also incentivizes ecosystem contributions, rewarding validators and nominators with new tokens from inflation and transaction fees, ensuring active participation and maintenance of the decentralized infrastructure.

DORA has a maximum supply capped at 10 billion units, with approximately 95.8% in circulation as of November 2023. Initially an ERC20 token, it transitioned to a native mainnet token. The network features an annual inflation rate of 1,000,000 DORA tokens, decreasing annually, to reward validators, pallet developers, and venture builders. Pallets can charge fees in DORA, with collected taxes distributed among staking addresses, supporting network sustainability and participant incentives.

vcDORA is a non-transferable "voice credit" token designed for Dora communities. It plays a crucial role in their open community Grant DAO governance. It is specifically utilized for quadratic voting, a mechanism that aims to ensure decision-making power is aligned with community engagement and participation, rather than solely based on the amount of tokens held, thereby fostering more equitable and representative governance outcomes.

Dora Factory's technology supports multi-chain compatibility, notably with Polkadot and Ethereum. On Polkadot, it uses "pallets" (modular components) to extend DAO functionalities. For Ethereum, DAOs deploy individual governance smart contracts via Dora Factory's infrastructure. Its core is Dora Vota, a blockchain built with Cosmos SDK, optimized for governance processes like quadratic voting and incorporating MACI (Minimum Anti-Collusion Infrastructure) to enhance privacy and security during voting.

Dora Factory provides a decentralized governance backbone for community-driven funding and decision-making for open-source projects and DAOs. Key initiatives include the Dora Grant DAO, which is instrumental in allocating resources to developers for public good projects. Additionally, Public Good Staking incentivizes long-term support for critical infrastructure, ensuring sustained development and maintenance. This framework fosters transparent and democratic resource management for the advancement of decentralized public goods.