Dora Factory Reveals Gas Fee Airdrop for Cosmos Stakers
Dora Factory, a platform for decentralized governance technology and public goods funding, has announced a new gas fee airdrop of its native token, DORA, to all Cosmos (ATOM) stakers. This information was shared with Finbold on June 6.
The initiative is expected to reach over one million eligible addresses, kickstarting the largest Minimum Anti Collusion Infrastructure (MACI) voting round in history. This move aims to empower the Cosmos Hub ecosystem.
On June 5, ATOM stakers in the Cosmos Hub received DORA tokens, marking a significant milestone. The DORA token is the foundation of Dora Vota, a decentralized governance application chain built with the Cosmos source development kit (SDK).
The airdrop is more than just a token distribution – it is a call to action for the Cosmos community. Known for its dedication to decentralized governance, Cosmos encourages the community to participate in a democratic experiment focused on funding public goods.
Participants can use ATOM to vote for and donate to public goods projects, support emerging developers, and influence the distribution of an 80,000 ATOM and $200,000 USD Coin (USDC) matching pool across ten rounds of AEZ Quadratic Funding and MACI voting.
The campaign is not only about advancing democratic governance but also about leveraging community power to support public goods and budding developers. The quadratic funding mechanism ensures that even small contributions from community members make a significant impact, promoting a fairer distribution of resources.
Dora Factory is introducing MACI (Minimal Anti-Collusion Infrastructure) privacy voting to enhance the security and anonymity of voters. This enables community members to express their views on public goods without revealing their identities. Those with more ATOM staked will have more voting power, or Voice Credits.
A $20,000 USDC prize pool will be awarded to selected teams through this privacy-preserving voting process. To encourage widespread participation, Dora Factory will utilize Dora Vota’s native Gas Station feature to cover all voting fees for the MACI voting round.