What Is Dora Factory (DORA)?
Dora Factory (DORA) is a DAO-as-a-service infrastructure with a mission to strengthen and secure ventures and future organizations. Dora Factory (DORA) is built on a substrate, a blockchain framework supporting a multichain program. Substrate aims to allow developers to create optimized future-proof blockchains easily. Thus, in short, Dora Factory (DORA) is an open-source venture developer seeking to empower hackers by building tools, specifically for decentralized ventures for sustainability.
Dora Factory (DORA) seeks to work on introducing robust infrastructure facilitating incentive schemes. The infrastructure further seeks to allow curators to independently launch DAOs and add customized pallets based on the needs of the venture. Pallets refer to API (application programming interface) allowing users to authorize and verify details using blockchain integration. A pallet includes items and functions that clarify the performance of a substrate runtime. Also, at the core of the Dora Factory (DORA) infrastructure is community governance via DORA, the infrastructure’s primary utility token. Features like quadratic voting, bounties, fund management, fundraising schemes, and grants aim to optimize DAO management and the infrastructure in general as availed through the governance mechanism.
The Dora Factory (DORA) infrastructure aims to include a Polkadot factory, a virtual bridge, and an Ethereum factory. The addition of DAO components on Polkadot is possible via pallets. On the other hand, DAOs running on Ethereum practices individual governance by utilizing smart contracts. Dora Factory (DORA) aims to enable users to avail the perks of continuous funding toward generous public goods. Allotting funds for the common goods are most challenging. For instance, funds to upkeep parks, dams, universities, hospitals, web, and more. Ethereum factory seeks to introduce promising funding mechanisms for the common goods like quadratic funding, MolochDao, and foundation grants.
In matters of quadratic funding, DoraHacks, Gitcoin, Hackerlink, and clr. fund organize and run the funding grants regularly to support open-source projects. MolochDao aims to stand out as a promising mechanism to create guilds that encourage projects like venture DAOs. Further, there are foundation grants to support the overall development of the ecosystem. Finally, the Ethereum factory aims to allow users to enjoy the benefits of a lootbox. A lootbox refers to an NFT marketplace rewarding users with valuable tokens and incentives.
History of Dora Factory (DORA)
The maximum total supply of Dora Factory (DORA) is 10,000,000 DORA.
