Dora Factory Reveals Gas Fee Airdrop for Cosmos Stakers
Dora Factory, a platform for decentralized governance technology and public goods funding, has revealed a fresh initiative involving an airdrop of its native token, DORA, to all Cosmos (ATOM) stakers. This announcement was made public to Finbold on June 6.
With a projected reach of over one million eligible addresses, this endeavor aims to kickstart the largest Minimum Anti Collusion Infrastructure (MACI) voting round in history, energizing the Cosmos Hub ecosystem.
ATOM stakers within the Cosmos Hub were recently gifted DORA tokens on June 5, marking a significant milestone. The DORA token is the foundation of Dora Vota, a decentralized governance application chain crafted using the Cosmos source development kit (SDK).
This airdrop is not merely a token distribution; it serves as a rallying cry for the Cosmos community. Known for its dedication to decentralized governance, Cosmos is calling upon individuals to engage in a democratic experiment centered around funding public goods.
Participants have the opportunity to utilize ATOM to vote for and contribute to public goods projects, support emerging developers, and shape the allocation of an 80,000 ATOM and $200,000 USD Coin (USDC) matching pool throughout ten rounds of AEZ Quadratic Funding and MACI voting.
This initiative is designed to advance democratic governance and foster support for public goods and budding developers. The quadratic funding mechanism ensures that even modest contributions from community members hold substantial weight, promoting a fairer distribution of resources.
Dora Factory is introducing MACI (Minimal Anti-Collusion Infrastructure) privacy voting to enhance the security and anonymity of voters. This enables community members to voice their opinions on public goods without revealing their identities.
Those with greater amounts of ATOM staked will possess increased voting power, or Voice Credits. A $20,000 USDC prize pool will be allocated to selected teams through this privacy-preserving voting process.
To encourage widespread participation, Dora Factory will implement the Gas Station feature of Dora Vota to cover all voting fees for the MACI voting round.
