Dora Factory Launches a Historic $DORA Airdrop to Over 1 Million ATOM Stakeholders During the Largest MACI Voting Round in History

Singapore, Singapore, June 6, 2024, Chainwire

Dora Factory The innovative framework for decentralized governance and public good financing announces a gas fee airdrop of its native currency, $DORA, aimed at all ATOM stakeholders, effective June 5, 2024. With over one million eligible wallets, the initiative encourages the Cosmos community to partake in the governance of its funding program for public goods, known as the ATOM Economic Zone Quadratic Funding, accessible via DoraHacks.io. The voting phase, which incorporates privacy features, signifies the largest MACI (Minimum Anti-Collusion Infrastructure) voting round to date, encompassing 1.04 million whitelisted addresses.

1.04 million ATOM stakeholders are in line for the airdrop

As of June 5, all ATOM holders noticed the arrival of $DORA tokens in their wallets. This token serves as the native asset for Dora Vota, a decentralized governance chain developed by Dora Factory utilizing the Cosmos SDK.

This airdrop stands as one of the most significant events ever recorded in the cryptocurrency domain. By reaching more than one million addresses, Dora Factory aspires to engage the Cosmos community, which is recognized for its dedication to decentralized governance, in an essential public goods governance experiment that caters to the community's needs.

Empowering Communities through AEZ Funding and MACI Voting

Upon receiving their airdrop, members of the Cosmos community can actively engage in the quadratic funding initiative of the ATOM Economic Zone (AEZ) which was co-launched by … They can utilize ATOM to express their support for and vote on public goods teams that resonate with them, assist budding developers, and influence the allocation of an 80,000 ATOM and $200,000 USDC matching pool distributed over ten rounds of AEZ Quadratic Funding and MACI voting. The smart contracts for this voting round will operate on the Dora Vota network, allowing community members to use their $DORA to pay for gas fees. DoraHacks , Dora Factory, and ATOM Accelerator DAO This initiative transcends the mere disbursement of a reward pool to promising projects and vital public goods in AEZ during the first round; it represents a democratic governance experiment aimed at mobilizing community support for public goods and early-stage developers with potential. The quadratic funding structure guarantees that even minimal contributions from community participants can lead to a significant positive outcome.

Dora Factory invites all community members to take part in the MACI (Minimal Anti-Collusion Infrastructure) privacy voting process, which allocates a $20,000 USDC prize pool to chosen teams. Unlike conventional quadratic voting, this format allows voters to share their opinions on public goods while maintaining anonymity (address confidentiality). Participants with higher ATOM stakes will receive additional Voice Credits (voting strength).

MACI Voting With Enshrined Privacy

With the implementation of MACI voting, Dora Factory hopes to introduce advanced privacy-centric voting technologies to the Cosmos ecosystem. This initiative signifies the start of a broader incorporation of secure, private, and anti-collusion technologies across various governance applications moving forward.

To ensure inclusive participation in MACI voting for every community member, Dora Factory will leverage the native Gas Station feature of Dora Vota to cover all associated voting costs for this round. This subsidy symbolizes Dora Factory's commitment to its community as set out in …

Dora Factory’s Dedication

A Milestone Community Governance Event Cosmos Governance Proposal 917 .

Now that the quadratic funding module is seamlessly integrated into Dora Vota for the Cosmos Hub, there is a tremendous opportunity for Cosmos to emerge as one of the foremost on-chain communities championing public goods. The initial round of a two-year quadratic funding strategy for the ATOM Economic Zone, commencing in June 2024, has attracted a multitude of remarkable projects, eagerly awaiting the attention and backing of community supporters.

The Largest Privacy-Enabled Governance Initiative

The MACI implementation represents a revolutionary stride for the Cosmos community, marking its inaugural effort in privacy-focused voting. With over one million whitelisted addresses, this initiative sets a new precedent in the space and heralds the largest voting experiment in MACI's history. The Dora Factory team enthusiastically invites the Cosmos community to come together to create a momentous occasion.

Dora Factory is at the leading edge of decentralized governance protocols, empowering governance and providing long-term incentives to the global hacker movement, open-source communities, and decentralized organizations through Public Good Staking and Dora Vota. The platform has been pivotal in shaping public good staking frameworks, transforming how developers secure long-term funding within the Proof-of-Stake ecosystem. Furthermore, Dora Vota provides a comprehensive decentralized governance platform that enables users to craft programmable governance systems such as MACI and quadratic voting via its open-access structure. This innovation not only cuts down costs associated with decentralized governance but also lays a strong foundation for its widespread adoption.

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Chris Lee
Dora Factory