Crypto  

Dora Factory reveals gas fee airdrop for Cosmos stakers

925 Views

Dora Factory, a revolutionary technology platform for decentralized governance and funding public goods, has unveiled a fresh gas fee airdrop of its native token, DORA, for all Cosmos (ATOM) stakers. This information was shared with Finbold on June 6.

Anticipated to engage over one million eligible addresses, this initiative is poised to kickstart the largest Minimum Anti Collusion Infrastructure (MACI) voting round in history, empowering the Cosmos Hub ecosystem.

On June 5, ATOM stakers within the Cosmos Hub were granted DORA tokens, marking a significant milestone. The DORA token serves as the foundation for Dora Vota, a decentralized governance application chain built using the Cosmos source development kit (SDK).

However, this latest airdrop is more than just a token distribution – it’s a rallying call for the Cosmos community. Renowned for its dedication to decentralized governance, Cosmos urges the community to participate in a democratic experiment centered on funding public goods.

Participants have the opportunity to utilize ATOM to vote for and contribute to public goods projects, support emerging developers, and influence the allocation of an 80,000 ATOM and $200,000 USD Coin (USDC) matching pool across ten rounds of AEZ Quadratic Funding and MACI voting.

This campaign is not only a venture to advance democratic governance but also an endeavor to harness community power in backing public goods and budding developers. The quadratic funding mechanism ensures that even modest contributions from community members can have a substantial impact, promoting a fairer distribution of resources.

Dora Factory is introducing MACI (Minimal Anti-Collusion Infrastructure) privacy voting, enhancing the security and anonymity of voters. This enables community members to voice their opinions on public goods without disclosing their identities. Those with higher amounts of ATOM staked will wield greater voting power, known as Voice Credits.

Through this privacy-preserving voting process, selected teams will be awarded from a $20,000 USDC prize pool. To facilitate broad participation, Dora Factory will implement Dora Vota’s native Gas Station feature to cover all voting fees for the MACI voting round.

You May Also Like

Bitcoin bulltrap warning Is the route to 100000 still viable for BTC

Bitcoin bulltrap warning Is the route to 100000 still viable for BTC

Bitcoins surge 73 million fresh BTC addresses created in the first half of 2024

Bitcoins surge 73 million fresh BTC addresses created in the first half of 2024

Cryptocurrency finally approves longawaited chaotic launch scheduled since 2015

Cryptocurrency finally approves longawaited chaotic launch scheduled since 2015

289 thoughts on “Dora Factory reveals gas fee airdrop for Cosmos stakers”

Leave a Reply

Your email address will not be published. Required fields are marked *