Dora Factory Surprises Over 1 Million Cosmos Stakers with Token Airdrops

Dora Factory, a prominent blockchain infrastructure provider, distributed its native DORA tokens to over 1 million Cosmos Hub stakers on June 5. The move aims to encourage engagement in ecosystem governance and decentralized funding endeavors.

Dora Factory specializes in decentralized governance tools and public goods funding. Their innovations, including Dora Vota and Public Good Staking, aim to advance decentralized governance.

Post-airdrop, Cosmos communities are invited to engage in the ATOM Economic Zone (AEZ) quadratic funding program. Spearheaded by Dora Factory in collaboration with DoraHacks and Atom Accelerator DAO, this initiative seeks to rally decentralized communities to back public goods projects through fundraising.

Cosmos Introduces Quadratic Funding and Voting Initiative

Cosmos users can employ their ATOM tokens to vote and donate to preferred public goods teams. The initiative seeks to assist early-stage developers and determine the allocation of an 80,000 ATOM and $200,000 USDC matching pool across ten rounds of AEZ Quadratic Funding and MACI voting. Smart contracts for this voting are hosted on the Dora Vota network, enabling the community to utilize airdropped DORA tokens for gas fees.

The campaign transcends mere reward pool distribution, focusing on supporting early-stage projects and essential public goods in AEZ. It serves as a democratic governance experiment, leveraging community power to nurture public goods and promising developers.

Dora Factory Introduces MACI Voting with Enhanced Privacy

Dora Factory introduced an on-chain voting system with heightened privacy features dubbed Minimal Anti-Collusion Infrastructure (MACI). This system enables anonymous voting and project review while safeguarding participant addresses.

The team whitelisted a remarkable 1 million addresses for MACI privacy voting testing and will allocate $20,000 USDC stablecoin to selected teams. Dora Factory will cover all voting fees for this round through Dora Vota's Gas Station feature.

MACI voting holds the potential to transform on-chain governance for the Cosmos community and beyond, enhancing efficiency and cost-effectiveness in decentralized governance processes.

In conclusion, Dora Factory's initiatives mark significant strides in enhancing community engagement, governance, and funding within the Cosmos ecosystem.