Dora Factory reveals gas fee airdrop for Cosmos stakers
Dora Factory, a cutting-edge technology platform for decentralized governance and public goods funding, has unveiled an exciting new gas fee airdrop of its native token, DORA, for all Cosmos (ATOM) stakers. This announcement was shared with Finbold on June 6.
With the aim of engaging more than one million eligible addresses, this initiative is poised to kickstart the largest ever Minimum Anti Collusion Infrastructure (MACI) voting round in history, fostering the growth of the Cosmos Hub ecosystem.
On June 5, ATOM stakers within the Cosmos Hub ecosystem were delighted to receive DORA tokens, marking a significant milestone in the development of Dora Vota. This decentralized governance application chain was created using the Cosmos source development kit (SDK).
This airdrop is not just a token distribution event, but a rallying call to the entire Cosmos community. Known for its strong commitment to decentralized governance, Cosmos is encouraging community members to participate in a democratic experiment focused on funding public goods.
Those involved can leverage their ATOM holdings to vote for and contribute to public goods projects, offer support to 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 serves as an innovative approach to advancing democratic governance, empowering the community to back public goods initiatives and budding developers. The quadratic funding mechanism ensures that even modest contributions from individuals can make a meaningful impact, promoting a fairer distribution of resources.
Furthermore, Dora Factory is introducing MACI (Minimal Anti-Collusion Infrastructure) privacy voting to enhance the security and anonymity of voters. This feature enables community members to voice their opinions on public goods without disclosing their identities. Participants with more ATOM staked will wield greater voting power, known as Voice Credits. Selected teams stand to win from a $20,000 USDC prize pool through this privacy-preserving voting process.
To encourage broad participation, Dora Factory will deploy Dora Vota’s native Gas Station feature to cover all voting fees for the MACI voting round, ensuring that everyone can have a say in shaping the future of decentralized governance within the Cosmos ecosystem.