What is Dora Factory (DORA)?
DORA is the native token of the Dora Factory crypto project, which is an open-source DAO-as-a-Service infrastructure. The platform was developed on Substrate by HackerLink. It aims to empower and secure future organizations or ventures by creating tools to support hackers who can help these ventures thrive.
At the Dora Factory, you can easily launch DAOs based on your individual needs. The platform provides its users with all the tools they need to incentivize hackers and developers to take an interest in their projects. In essence, it aims to optimize and prioritize daily processes in DAO management.
Check out the Dora Factory price chart above to see the live DORA price.
There are three components on the Dora Factory – a Polkadot factory, an Ethereum factory, and a virtual bridge. Pallets on Polkadot are used to add DAO functionalities. Similarly, individual governance smart contracts on Ethereum are used for that as well. The virtual bridge, though, is meant to connect Polkadot with other public chains like Bitcoin or BSC, and to solve cross-chain issues.
Concerning the aforementioned Polkadot pallets, DAOs can apply these pallets based on their individual needs. They can choose from voting pallets, fundraising pallets, incentive protocol pallets, and dispute resolution pallets. Each of these pallets also breakdown into subcategories of more pallets. In order to motivate users to create pallets, the Dora Factory rewards developers with DORA tokens.
Dora Factory Token
The initial use case of DORA tokens is governance. Though, besides that, DORA coins can also be utilized for staking, mining, paying for services, and rewarding network participants.
While most crypto tokens are created to act as a method of transaction in the public network or physical world, this is not the case with DORA. The Dora Factory token was created for convenient transactions within Dora Factory itself.
Interested in purchasing Dora Factory coins? Before doing that it would be wise to analyze the main trends of the DORA price changes. You can use the Dora Factory price chart above to do that.
Dora Factory Governance
The Dora Factory is entirely driven by the community. However, there are two governing bodies in the Dora Factory – Governance DAO and the Council. Holders of DORA tokens make up the Governance DAO. The Council, on the other hand, is made up of the core development team that is responsible for the development of the project.
Anyone who is a holder of the DORA token is eligible for voting rights, meaning they can vote to make changes to the network.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
33.06K
Followers: 33,062
0.06%
Following
23
0.00%
Posts count
1,810
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Currently, official Dora Factory (DORA) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
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Title
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These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
42 / 100
2.27%
Ahrefs Rank
1,124,663
2.16%
Organic Traffic (mo.)
18
0.00%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
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These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
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Watchers
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Dora Factory hot topics
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@DoraFactory posts