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Dora Factory Airdrops DORA Tokens to Cosmos Hub Stakers
Dora Factory, a prominent blockchain infrastructure provider, has conducted an airdrop of its native DORA token to over 1 million Cosmos Hub stakers on June 5. The purpose of this airdrop is to encourage greater participation in the ecosystem’s governance and decentralized funding activities.
Specializing in decentralized governance and public goods funding tools, Dora Factory has developed innovative technologies such as Dora Vota and Public Good Staking to enhance decentralized decision-making processes.
Funding Public Goods
Following the airdrop, the project announced that Cosmos communities could engage in the ATOM Economic Zone (AEZ) quadratic funding program. This initiative, led by Dora Factory in collaboration with DoraHacks and Atom Accelerator DAO, aims to rally decentralized communities in supporting public goods projects through fundraising.
Cosmos users can utilize their ATOM tokens to vote and donate to the public goods teams they wish to back. The campaign seeks to assist early-stage developers and determine the allocation of an 80,000 ATOM and $200,000 USDC matching pool across ten rounds of AEZ Quadratic Funding and MACI voting. Smart contracts for this voting process are deployed on the Dora Vota network, enabling the community to utilize the airdropped DORA tokens for gas fees.
The team emphasized that the initiative goes beyond merely distributing the reward pool to early-stage projects and crucial public goods in AEZ. It is also described as a democratic governance experiment aimed at leveraging community power to support public goods and promising developers.
Privacy Voting
In addition to the airdrop, Dora Factory has introduced an innovative on-chain voting system with enhanced privacy features called Minimal Anti-Collusion Infrastructure (MACI). This system allows community members to vote and review projects anonymously while safeguarding their addresses.
The team disclosed that they had whitelisted a record 1 million addresses to participate in testing MACI privacy voting and would distribute $20,000 USDC stablecoin to the selected teams. For this round, Dora Factory will cover all voting fees through Dora Vota’s native Gas Station feature.
MACI voting has the potential to revolutionize on-chain governance for the Cosmos community and other blockchains, enhancing decentralized decision-making efficiency and cost-effectiveness.
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