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Cross-Chain Ethereum

What is DORA token used for?

Dora Project is a project for DAO-as-a-Service infrastructure. DORA exists on Polkadot, Ethereum and BSC via a virtual bridge.

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


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Token price


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