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Dora Factory
Dora Factory
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About Dora Factory
Dora Factory (DORA) is a decentralised governance platform providing advanced tools for DAOs. Its main application chain, the Dora Vota mainnet, leverages the DORA token for gas fees and governance. Following a supply split, the DORA token expanded to 1 billion tokens and is used on both the ERC-20 standard and the mainnet. The platform was created by the DoraHacks community, led by Eric Zhang, with the vision of fostering sustainable blockchain innovation.
Dora Factory (DORA) is a decentralised governance platform and a critical infrastructure layer for decentralised autonomous organisations (DAOs). Its core offering, the Dora Vota mainnet, is an application chain focused on providing advanced governance tools for DAOs, particularly voting mechanisms. The DORA token is the native asset of this ecosystem.
Initially, the DORA token was launched with a total supply of 10 million tokens on the Ethereum blockchain as an ERC-20 token. However, to correspond with the launch of the Dora Vota mainnet and meet the requirements of its governance ecosystem, a new smart contract was introduced, increasing the total supply to 1 billion tokens. The migration enabled seamless governance functions and facilitated advanced DAOs tools.
On the Dora Vota mainnet, the smallest unit of the DORA token is called "peaka," facilitating micro-transactions and payments. One peaka is equivalent to one-billionth of a DORA token.
The Dora Vota mainnet is dedicated to voting and decentralised governance. The DORA token is the native asset used for paying gas fees and facilitating governance functions. Some key features of the mainnet include:
- Advanced Voting Mechanisms: Support for quadratic voting, ranking voting, and other innovative governance mechanisms.
- DAO Governance Tools: Offers built-in tools for proposal creation, voting management, and fund allocation.
There is a one-way bridge that allows users to exchange ERC-20 DORA tokens for Dora Vota mainnet DORA tokens at a 1:1 ratio. Both ERC-20 and mainnet versions coexist while maintaining a combined total supply of 1 billion. This structure ensures interoperability between Ethereum and the Dora Vota mainnet.
Dora Vota provides DAOs with advanced voting and governance tools. DORA tokens are used for decision-making and governance-related activities, such as:
- Proposal Creation and Voting: DAOs can create proposals and use DORA tokens for casting votes.
- DAO Management: Facilitates the management of DAO treasuries and governance structures.
- Gas Fees: The DORA token is used to pay gas fees on the Dora Vota mainnet.
- Staking: DORA tokens can also be staked for participation in governance and to earn rewards.
Dora Factory was created by DoraHacks, a global hacker community dedicated to decentralised innovation. The platform was designed by Eric Zhang, the founder of DoraHacks and architect of Dora Factory, who played a pivotal role in its architecture and development. Alongside him, Steve Ngok, a partner at DoraHacks, contributed to the strategic direction and partnerships for Dora Factory.
