What is Dora Factory Token (DORA), DAO-as-a-Service Open Infrastructure? | PortalCrypto

Dora Factory describes itself as an “open source, community-driven enterprise builder” that empowers users to create and manage powerful, decentralized enterprise organizations.

What is the Dora Factory (DORA)?

Dora Factory is an open, programmable, multi-threaded DAO-as-a-Service framework on Substrate. Crucial schemes like quadratic voting, bond curve fundraising, all the cool features that upgrade on-chain governance can be built on this infrastructure as palettes by developers and can be rewarded in a SaaS model when the DAO launch on Dora Factories deploy them.

Bitsler

The first batch of Dora Factory key palettes were developed by HackerLink (hackerlink.io/en), the blockchain development platform for DoraHacks, offering blockchain-based tools such as quadratic funding, rewards, BUIDL and hackathons online to drive open source blockchain innovation.

Dora Factory Highlights:

  • Dao-as-a-service: At Dora Factory, curators are free to launch the DAO and add different palettes in special ways according to their specific needs.
  • Programmable infrastructure: To implement new features, developers can create useful palettes and be added to the Dora Factory parachain runtime or Dora Factory Ethereum layer 2 via governance. DAOs manage functionality by adding palettes as needed.
  • Powered by the developer community: Supported by the DoraHacks Global Hackathon series and Hackerlink grants, Dora Factory attracts hackers, cypherpunks, and open source developers from around the world.
  • Framework for On-Chain Governance: Specializing in community governance, Dora Factory prioritizes functionality for optimizing important day-to-day processes in DAO management, including quadratic voting, sponsorship, bonuses, sponsorship management, fundraising planning.

How does Dora Factory (DORA) work?

The Dora Factory consists of three parts: Dot Factory, Ethereum Factory, and Virtual Bridge. Each DAO will have a chest containing assets. Dao stakeholders will be able to deposit, withdraw and manage DAO assets. In Polkadot, DAO functions can be added via palettes. On Ethereum, DAOs will deploy private governance smart contracts via Dora Factory contracts. Dora Factory will allow developers to ship custom-developed factory pallets and contracts.

Dora Factory will set up a sub-factory on Ethereum and Binance Smart Chain. A sub-factory will be a set of factory contracts that produce smart contracts for individual DAOs. Before Polkadot was fully operational, the project encouraged smart contract developers to build DAO palettes on Ethereum and BDC as a proof of concept. With Dora Factory Virtual Bridge. At an early stage, DAOs will need to choose which infrastructure they want to rely on: Polkadot, Ethereum, or BSC. Depending on its relevance to these public networks.

Finally, there will be bridges connecting Polkadot replay chains with large public chains like Ethereum and Bitcoin. Therefore, the cross chain problem is solved automatically. However, Dora Factory will build a simplified virtual bridge to bring external eco-friendly polkadot tokens for the Dora Factory parachain so that DAOs can store token assets in cross vaults.

DORA token

DORA is a unit token that connects the network. DORA users and holders can bet, mine and pay DORA tokens. Developers who create will be rewarded with DORA tokens. DORA’s total initial supply is 10,000,000.

Use case :

  • DAO Stake: Each DAO is created by staking 100 DORA tokens in the chain. When the DAO is completed, the placed DORA token will be issued.
  • Validator Staking, Mining and Inflation: Of the tokens generated with annual inflation, 2% will go to the Dora Factory Treasury. The rest of the DORA generated by the inflation will be distributed to the nominator and the validator.
  • Network charges: pallets may be charged. DAOs will need to burn tokens (or pay a fee) to use the (possibly free) palettes. The network fee paid by DAO is taxed by the Dora factory. The tax will be calculated on a pro rata basis for all locations.
  • Network Reward: Network Reward for Validator, Palette Developer, and Risk Generator.
  • Transaction fees: The transaction fees collected will be distributed to the validator and the nominator
  • Governance: The Dora Factory is run by a community of people who own DORA rather than a company.

Where to buy the DORA token?

The DORA token can be purchased on several major cryptocurrency exchanges, among the most important: Deepcoin, OKX, BingX and MEXC.

Dora Factory Price Prediction (DORA)

Dora Factory price is likely to reach a maximum level of $6.0752022 throughout 2023. According to our Crypto Price Prediction Index at 11.691 Dora Factory (DORA) price might reach a maximum level of $8.6942025, with the average trading price of $14.094. According to our Crypto Price Prediction Index, in 2019, DORA is expected to break through an average price level of $20,000.

The minimum expected value of the Dora Factory price at the end of the current year should be $13.014-14.364. Additionally, DORA can reach a maximum price level of $12.474. Dora Factory price is expected to reach the lowest possible level of $23.004 in 17.334. According to our Crypto Price Prediction Index, the price of DORA could reach a maximum possible level of $10,000, with an expected average price of $1,000.

Conclusion

Dora Factory is one of the first open-source blockchain projects to build an open infrastructure for Decentralized Self-Operating Organizations (DAOs) on Substrate. Dora Factory’s vision is to build a DAO-as-a-Service infrastructure, empower every DAO with the right toolkits to better interact, and encourage developers and hackers on the path to making connections.

Learn more about DORA

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What is Dora Factory Token (DORA), DAO-as-a-Service Open Infrastructure? | PortalCrypto


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