What is DORA
The governance and utility token of Dora Factory.
DORA token is used for
Holders
- Stake
- Mine
- Pay for services/products within the ecosystem
Developers
- Developers are incentivized with DORA tokens. Developers create pallets (modules for DAOS) and get tokens when DAOs use them.
Validators and nominators
- Are rewarded with new tokens from inflation. 2% of inflation to a Treasury.
Governance
- The governance DAO is a DAO of all token holders. The council is the core development team that is responsible for the project’s roadmap until Sudo is removed.
More here.
How could value accrue to DORA token
Holding
- To create a DAO a user needs to stake 100 tokens
Fees
- From users as a fee for using the network, and then distributed to these validators and nominators, proportionate to their work performed.
What is Dora Factory?
The project is DAO-as-a-Service infrastructure. It will launch on Polkadot, Ethereum and BSC via a virtual bridge.
How it works
DAOs
- Vaults
- Polkadot – Pallets for functionalities
- ETH – Individual and customizable smart contracts
DAO stakeholders
- Manage assets
Default functions of a DAO:
- Create DAO
- Release DAO
- Cross-chain Asset Vaults
- Staking, Tax and Reward
- Payment
- Protocol Level Governance
Token issuance
Total Supply: 10,000,000
- The inflation is 10% per year.
DORA token sale price
Price: $10 per DORA
Starting time: March 22nd 6AM (UTC+0), 2021
Dora IDO took place on Bounce platform.
Allocation per address: 50 USDT
Read more here.
Docs
Similar projects
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