DAO is an amazing topic, and it's one of the key tracks for the entire blockchain system. But due to its lack of robust infrastructure, there is less discussion about the high quality of the DAO. Current DAO projects often lack lasting mechanisms and effective tools to manage and incentivize their open source community.
Compared to other projects deployed on the DAO track on the Ethereum chain, Dora Factory's build in the Pocah ecosystem makes it stand out. The overall Pocca ecology is still in a relatively early state, and the projects of the DAO track laid out on Pocca are even fewer, and there are only a few projects with products. Many products will choose to deploy on Ethereum/BSC, but Ethernet networks have gradually exposed many problems with the development of the times, and in fact, they have not been able to take responsibility for promoting the development of DAO. The "The DAO incident", which shocked the world, has exposed the possible security risks of the traditional public chain represented by ETH. In contrast, as people learn more about Substrate, people do see some of the technical advantages of Pocka. With its true openness and its advanced technical advantages, Pocchi has become the best public chain for the DAO.
With the launch of Kusama and Poccan main networks, the POC ecosystem will need more specific functions and modules of DAO governance. Dora Factory makes it easy for all organizations to create DAOs and has a host of cool on-chain governance features to meet the key needs of DAOs in governance, fundraising, collaboration, management, and more.
Project Introduction:
Dora Factory is a Substrate-based, programmable, DAO-as-a-Service open infrastructure. Provide a new generation of decentralized organizations and developers with pluggable governance capabilities such as quadrant voting, curve auctions, Bounty incentives, and cross-chain asset management.
Basic information:
Financing:
Token Distribution:
Dora Token Usage:
DAO pledge: On Dora Factory, if you want to create a DAO organization, you must pledge 100 DORA tokens on the chain. After the dissolution of the DAO organization, the pledged DORA tokens will be released.
Validators Pledge, Mining, and Inflation: Validators and nominees receive token rewards from inflation. In addition to inflation, transaction fees are also allocated to validators and nominators; network usage fees (taxes) paid by users and DAO organizations are allocated to all addresses where DORA has been pledged accordingly.
Network fees (taxes) :D AO organizations will have to burn DORA tokens (or pay a fee) to use the paid components (of course there will also be free components). Network usage fees are taxes that Dora Factory collects from the DAO organization. Taxes are allocated to all staking addresses accordingly.
Network Rewards: Networks reward validators, component developers, and startup builders. Validators are rewarded from inflation and taxes paid by the DAO organization. Non-verifiers of DORA pledges receive rewards from network usage fees. Developer rewards come from (fee) component revenue.
Transaction fees: All transactions on a parachain are forced to impose a small commission. Transaction fees will be allocated to the nominator and verifier.
Governance: Governance entities are divided into two: The Governance DAO and the Council.
Team Background:
I believe that many people have heard of DoraHacks, and Dora Factory originated from the global geek community and hackathon organizer DoraHacks. The team has been incubating the DoraHacks community since 2014, and in 2017 DoraHacks became the largest developer and geek community in China. In 2018, DoraHacks organized 31 blockchain hackathons in 8 countries and 15 cities around the world, becoming one of the world's largest blockchain developer communities. In 2019, the largest hackathon in Chinese history, the "Fourth Industrial Revolution Hackathon", was held in Beijing.
Team members include Steve Ngok, Eric Nobita and Penny Wang, who are partners in Dora Factory and DoraHacks, as well as founding team and partners in DoraHacks Ventures. Among them, Steve Ngok is the ecosystem leader of Dora Factory. Eric Nobita is the Lead Architect. Penny is the Head of Global Community Operations.
At the same time, the team also built an online blockchain developer platform hackerlink.io. Hackerlink serves blockchain developers through different features such as quadrangle voting, developer bounties, online hackathons, and BUIDL sections.
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