Dora Factory
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Dora Factory Info
Dora Factory Team
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OrganizationsDora Factory Intro
Dora Factory (DORA) is an innovative blockchain project that serves as a programmable, decentralized autonomous organization (DAO) infrastructure. It provides a flexible platform for developers, startups, and organizations to create and manage DAOs efficiently. Built on the principles of decentralization and community governance, Dora Factory aims to democratize the way decisions are made within various ecosystems, enabling a more transparent and equitable process.
At the core of Dora Factory's offerings is its toolkit for DAO creation, which includes various modules and smart contracts designed to facilitate the wide range of activities a DAO might undertake. These activities include but are not limited to governance voting, treasury management, and incentive distribution. By leveraging blockchain technology, Dora Factory ensures that all operations are transparent, immutable, and verifiable by all members of a DAO, thereby enhancing trust and collaboration among participants.
Dora Factory also emphasizes the importance of interoperability and scalability. It supports multiple blockchain ecosystems, allowing DAOs built on Dora Factory to operate across different networks. This cross-chain functionality is crucial for projects looking to maximize their reach and impact, providing them with the flexibility to choose the most suitable blockchain environment for their specific needs. Additionally, Dora Factory incorporates various scaling solutions to handle a high volume of transactions, ensuring that DAOs can operate efficiently even as they grow.
Moreover, Dora Factory has its native token, DORA, which plays a vital role in the ecosystem. The DORA token is used for governance, allowing token holders to vote on key decisions regarding the platform's development and the allocation of resources. It also serves as an incentive mechanism, rewarding users for their contributions to the ecosystem.
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Q&A about Dora Factory Tokenomics
Explore the tokenomics of Dora Factory(DORA) and review the project details below.
What is the allocation & supply schedule for Dora Factory(DORA) ?
When the token was first released in 2021, the initial total supply of DORA is 10,000,000. However, as the launch of Dora Vota, a special-purpose app chain dedicated to voting and decentralized governance, the token total supply was changed from 10,000,000 to 1,000,000,000. The specific token allocation ratio and unlocking period are as follows(published in March 2021 on official medium):
- 10% was allocated for Private Sale I. 25% unlock at TGE, the rest would be unlocked each quarter in a year
- 10% was allocated for Private Sale II. 30% unlock at TGE, the rest would be unlocked each quarter in a year
- 6% was allocated for Public Sale and 7% was allocated for Initial Liquidity. These two parts were both 100% unlocked on TGE.
- 10% was allocated for DoraHacks and another 10% was allocated for Factory Team. These two parts were both 0% unlocked at TGE and the rest would be unlocked each quarter in 2 years.
- 25% was allocated for Foundation Reserve, 15% for Open Grant and 7% for Community Grant. These three parts were reserved.
According to the above unlocking plan, all parts have already unlocked. That is, the token circulation is equal to the maximum supply of 1 billion.
Dora Factory Token Allocation
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Dora Factory (DORA) is an innovative blockchain project that serves as a programmable, decentralized autonomous organization (DAO) infrastructure. It provides a flexible platform for developers, startups, and organizations to create and manage DAOs efficiently. Built on the principles of decentralization and community governance, Dora Factory aims to democratize the way decisions are made within various ecosystems, enabling a more transparent and equitable process.
At the core of Dora Factory's offerings is its toolkit for DAO creation, which includes various modules and smart contracts designed to facilitate the wide range of activities a DAO might undertake. These activities include but are not limited to governance voting, treasury management, and incentive distribution. By leveraging blockchain technology, Dora Factory ensures that all operations are transparent, immutable, and verifiable by all members of a DAO, thereby enhancing trust and collaboration among participants.
Dora Factory also emphasizes the importance of interoperability and scalability. It supports multiple blockchain ecosystems, allowing DAOs built on Dora Factory to operate across different networks. This cross-chain functionality is crucial for projects looking to maximize their reach and impact, providing them with the flexibility to choose the most suitable blockchain environment for their specific needs. Additionally, Dora Factory incorporates various scaling solutions to handle a high volume of transactions, ensuring that DAOs can operate efficiently even as they grow.
Moreover, Dora Factory has its native token, DORA, which plays a vital role in the ecosystem. The DORA token is used for governance, allowing token holders to vote on key decisions regarding the platform's development and the allocation of resources. It also serves as an incentive mechanism, rewarding users for their contributions to the ecosystem.