Dora Factory to provide gas fee airdrop for Cosmos stakers
Dora Factory, a cutting-edge technology platform for decentralized governance and public goods funding, has unveiled a groundbreaking gas fee airdrop of its native token, DORA, to all Cosmos (ATOM) stakers. This exciting development was shared with Finbold on June 6.
With an estimated reach of over one million eligible addresses, this initiative is poised to kickstart the largest Minimum Anti Collusion Infrastructure (MACI) voting round ever seen. The goal is to empower the Cosmos Hub ecosystem and engage the community in a democratic experiment focused on public goods funding.
On June 5, ATOM stakers within the Cosmos Hub ecosystem received DORA tokens, marking a significant milestone. The DORA token serves as the backbone for Dora Vota, a decentralized governance application chain created using the Cosmos source development kit (SDK).
This airdrop is not merely a token distribution; it is a call to action for the Cosmos community. Cosmos, known for its dedication to decentralized governance, is urging community members to participate in funding public goods projects, supporting emerging developers, and influencing the allocation of an 80,000 ATOM and $200,000 USDC matching pool through ten rounds of AEZ Quadratic Funding and MACI voting.
This campaign is an innovative experiment designed to harness the power of the community to back public goods and support up-and-coming developers. The quadratic funding mechanism ensures that even minor contributions from community members can have a significant impact, promoting a more equitable distribution of resources.
In addition, Dora Factory is introducing MACI (Minimal Anti-Collusion Infrastructure) privacy voting to enhance the security and anonymity of voters. This feature allows community members to voice their opinions on public goods without disclosing their identities. Participants with more ATOM staked will hold more voting power, or Voice Credits, in the process.
A $20,000 USDC prize pool will be granted to select teams through this privacy-preserving voting system. To encourage broad participation, Dora Factory will utilize Dora Vota’s native Gas Station feature to cover all voting fees for the MACI voting round.