Dora Factory airdrops tokens to over 1 million Cosmos stakers

Share This Post

Dora Factory, a leading blockchain infrastructure provider, airdropped its native DORA token to over 1 million Cosmos Hub stakers on June 5 to boost participation in the ecosystem’s governance and decentralized funding activities.

Dora Factory focuses on decentralized governance and public goods funding tools. The company has developed technologies like Dora Vota and Public Good Staking to enhance decentralized governance.

Funding public goods

Following the airdrop, the project stated that Cosmos communities could participate in the ATOM Economic Zone (AEZ) quadratic funding program — an initiative it is spearheading with DoraHacks and Atom Accelerator DAO. This campaign aims to mobilize decentralized communities to support public goods projects through fundraising.

Cosmos users can participate using their ATOM tokens to vote and donate to public goods teams they want to support. This initiative aims to aid early-stage developers and decide the allocation of an 80,000 ATOM and $200,000 USDC matching pool over ten rounds of AEZ Quadratic Funding and MACI voting. The smart contracts for this voting round are on the Dora Vota network, allowing the community to use the airdropped DORA tokens as gas fees.

The team emphasized that the campaign was more than just distributing the reward pool to early-stage projects and vital public goods in AEZ. They stated it was also a democratic governance experiment designed to harness community power to support public goods and promising developers.

Privacy voting

Also, Dora Factory launched an innovative on-chain voting system with enhanced 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 whitelisted a record 1 million addresses to participate in testing MACI privacy voting and would distribute $20,000 USDC stablecoin to the selected teams. Dora Factory will cover all voting fees for this round through Dora Vota’s native Gas Station feature.

MACI voting could revolutionize on-chain governance for the Cosmos community and other blockchains, making decentralized governance more efficient and cost-effective.

The post Dora Factory airdrops tokens to over 1 million Cosmos stakers appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Breaches 12-Year Support Line Against Gold – Is The Bull Run Over?

As Bitcoin (BTC) struggles amid the latest crypto market pullback – failing to decisively break past the $84,000 resistance – gold (XAU) continues its impressive rally, soaring to a

Stablecoins Thrive as Crypto Stumbles: A $4.23B Growth Spree in 2 Weeks

While the crypto market contracted over the past two weeks, the stablecoin sector has ballooned by $423 billion since March 1, defying the broader trend Digital Dollars Dominate With Over 8% of

Ethereum Headed For $1,250 Or Ready For A Reversal? Analysts Weigh In

According to a recent post on X by crypto analyst Ali Martinez, Ethereum (ETH) may be heading to $1,250 as it risks breaking down from a parallel channel However, other analysts suggest a trend

With 89% Chances of an ETF Approval, Will SOL Price Reach $160 This Month or Drop Back to $120?

The post With 89% Chances of an ETF Approval, Will SOL Price Reach $160 This Month or Drop Back to $120 appeared first on Coinpedia Fintech News Solana is becoming more popular nowadays with the

Dogecoin Price Registers Deviation From Macro Channel, Analyst Sets $6 Target

Dogecoin has faced continued selling pressure, losing the $017 support level in the past 24 hours This price decline comes amid broader market decline, which has seen the meme coin also struggling to

Evaluating New Crypto Coins: Do XYZVerse, Pi Network, Sui, and Sei Stand a Chance of Breaking Into the Crypto Top 10?

The post Evaluating New Crypto Coins: Do XYZVerse, Pi Network, Sui, and Sei Stand a Chance of Breaking Into the Crypto Top 10 appeared first on Coinpedia Fintech News New digital currencies are