Dora Factory priceDORA

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DORA price live data

The current price of Dora Factory is --, with a 24-hour trading volume of --. In the last 24 hours, the price of Dora Factory increased by 1.40%. With a circulating supply of 3,596,477 DORA and a maximum supply of 10,000,000 DORA, Dora Factory's fully diluted market cap stands at --. Currently, Dora Factory ranks No.1013 by market cap. The DORA to price is updated in real-time.

Dora Factory market information

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3,596,477 DORA
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About Dora Factory (DORA)

Dora Factory is an open-source, community-driven DAO-as-a-Service infrastructure for decentralized governance. It was built to manage, curate and incentivize developer communities effectively with their native token. DORA is the name and ticker symbol for the native ERC-20 token of the project.

Built on Substrate, the programmable infrastructure of Dora Factory allows developers to make pallets such as on-chain voting and add them to its parachain or Ethereum layer-2 chain.

Dora Factory consists of three elements: Polkadot Factory, Ethereum Factory and virtual bridge. On Polkadot, DAO functionalities can be performed through pallets. On Ethereum, individual smart contracts can be deployed through Dora Factory contracts for governance.

Apart from bridges connecting Polkadot Relay Chain with other critical public chains, Dora Factory has built a simplified virtual bridge for user convenience. This bridge can transfer tokens to Dora's parachain from ecosystems outside Polkadot, enabling users to store crypto assets in cross-chain vaults.

The DORA token is primarily used for governing Dora Factory. However, users and holders of DORA can engage in staking, mining and even performing financial operations within the native ecosystem. However, unlike many other cryptocurrencies, DORA cannot be utilized as a currency to exchange goods and services.

Several use cases of the project include voting (direct and representative democracy, quadratic voting etc., via pallets), fundraising (dutch auction, bonding curve fundraiser, quadratic fundraiser), incentive protocol, dispute resolution, and admin tool pallets. Dora Factory's governance is performed by two central bodies: the governance DAO (open for all DORA holders) and the Council (for the core team of the project).

DORA price and tokenomics

The total supply of DORA is 10 million, and its price depends on the projects availing of the services offered by the Dora Factory.

The platform held a public sale on March 21, 2021, where tokens worth $180,000 were sold. Within the project's ecosystem, each of the DAOs can be created by staking 100 DORA tokens, which users get back once the DAO is dissolved.

The token also incentivizes validators, nominators and other members to engage with the ecosystem. It follows a linear inflation model to do so at 1,000,000 DORAs per annum unless the members vote otherwise.

The inflation rate starts at 10% for the initial year and then gradually decreases annually, which naturally impacts the DORA charts. 2% of tokens created from yearly inflation are allocated to their treasury, while the rest are allocated amongst nominators and validators.

About the founders

Jiannan Zhang, an Oxford alumnus and the founder and CEO of DoraHacks, works as an architect for Dora Factory. The project is backed by well-known names such as DoraHacks Global Hackathon Series, HackerLink Grants, Hashkey, Hypersphere, CMS, Fundamental Tabs, Signum Capital, and more.

DORA Factory has successfully engaged blockchain developers all across the globe. In the DORA ecosystem, eight projects, including DAOrayaki, LA DAO, Alexandria, EntangledQuery etc., raised $50,000 (4885.7 DORA).

Learn more about Dora Factory (DORA)

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Dora Factory FAQ

What is DORA?
Dora Factory provides decentralized infrastructures where organizations can use DAO services, and developers are incentivized to build their next projects. DORA is the name and ticker for the utility token of the project.
How does DORA work?

Dora Factory gives a native solution for managing and incentivizing communities of open source developers and provides DAO as a service for organizations to opt for decentralized operations.

DAO creators can create and launch DAOs, deposit and withdraw assets from cross-chain vaults, and create pallets for governance utilities.

Where can I buy DORA?

You can buy DORA from OKX exchange. OKX offers the DORA/USDT trading pair.

Before you begin trading with OKX, you need to create an account. Then, to trade DORA/USDT, click "Basic trading" under "Trade" on the top navigation bar.

If you do not have USDT, you may buy USDT with your preferred fiat before swapping it for DORA in the trading terminal.