Singapore, Singapore, June 6, 2024, Chainwire
Dora Factory, a pioneering infrastructure in decentralized governance technology and public interest financing, announces a gas fee airdrop of its native token, $DORA, to all ATOM stakers on June 5, 2024. Over one million addresses can receive $DORA tokens. Through an airdrop campaign inviting the Cosmos community to participate in the governance of ATOM Economic Zone Quadratic Funding, a democratic public goods financing program on DoraHacks.io. With 1.04 million addresses whitelisted, the privacy voting round implemented by the Dora team will be the largest Minimum Anti Collusion Infrastructure (MACI) voting round ever.
1.04 million ATOM stakers are eligible for the airdrop.
On June 5th, all ATOM stakers received $DORA tokens in their wallets. $DORA is the native token of Dora Vota, a decentralized governance application chain developed by Dora Factory using the Cosmos SDK.
This airdrop is one of the largest airdrops in history. With over a million addresses, Dora Factory aims to mobilize the Cosmos community, known for its passion for decentralized governance, to engage in important public goods governance experiments for the community.
Empowering communities with AEZ funding and MACI voting
After receiving the airdrop, the Cosmos community can participate in the ATOM Economic Zone (AEZ) second round of funding initiative jointly launched by DoraHacks, Dora Factory, and ATOM Accelerator DAO. You can use ATOM to vote and donate to public good teams you care about, support early-stage developers, and determine the distribution of the 80,000 ATOM and $200,000 USDC matching pool across 10 rounds of AEZ Quadratic Funding and MACI voting. The smart contract for this second voting round will be deployed on the Dora Vota network and the community can use $DORA to cover gas fees.
This campaign goes beyond simply distributing the reward pool to early-stage projects and essential public goods in the AEZ in the first phase. This is a democratic governance experiment designed to mobilize the power of the community to support public goods and promising early-stage developers. Secondary funding mechanisms ensure that even small donations from community members can have a significant impact.
MACI Voting with Privacy Guaranteed
Dora Factory will invite community members to participate in the Minimum Collusion Prevention Infrastructure (MACI) Privacy Poll and distribute a $20,000 USDC prize pool to the selected teams. Unlike traditional second voting, this method allows voters to express their opinions on public goods without revealing their identity (address). Addresses that stake more ATOM will receive more voice credits (voting rights).
With MACI Voting, Dora Factory aims to introduce cutting-edge privacy-preserving voting technology to the Cosmos community. This initiative marks the beginning of integrating security, non-disclosure, and anti-collusion technologies into a wide range of future governance use cases.
Dora Factory’s Dedication
To ensure that all community members can participate in MACI voting without worry, Dora Factory will implement Dora Vota’s basic gas station feature to cover all voting costs for MACI voting. This fee grant represents Dora Factory’s commitment to the community outlined in Cosmos Governance Proposal 917.
Historic Community Governance Event
With the secondary funding module now implemented natively in Dora Vota for the Cosmos Hub, Cosmos has the potential to become one of the largest on-chain communities supporting public goods. The first round of the two-year second funding scheme for the ATOM Economic Zone, scheduled to begin in June 2024, has attracted a number of outstanding projects and awaits the interest and support of community members.
The largest privacy governance experiment
The implementation of MACI is a groundbreaking step as it is the Cosmos community’s first attempt at privacy voting. Dora Factory whitelisted over 1 million addresses, setting a new record for the largest whitelist and the largest voting experiment in MACI history. The Dora Factory team is excited to invite the Cosmos community to create a historic moment together.
Introduction to Dora Factory
Dora Factory is at the forefront of the decentralized governance protocol stack, providing governance and long-term incentives for global hacker movements, open source communities, and decentralized organizations through Public Good Stake and Dora Vota. The platform pioneered the development of public goods staking infrastructure, revolutionizing the way developers receive long-term funding in the PoS ecosystem. Dora Vota also provides a comprehensive decentralized governance platform, allowing users to create programmable governance mechanisms such as MACI and secondary voting through an open platform. This reduces the cost of decentralized governance, laying a solid foundation for widespread adoption.
To better understand and try Dora Factory’s products, visit DoraFactory.org.
For more information, see the Dora Research blog (research.dorahacks.io).
contact
contributor
Chris Lee
Dora Factory
winniedrinkwater@gmail.com
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