Dora Factory AMA Recap

02 Sep 202023:08

AMA

Dora Factory AMA Recap

Myko (CryptoDiffer)

Hello, everyone!😁

We are glad to meet here:

Steve Ngok, Oracle of Dora Factory

Steve Ngok

Hi guys!
I'm so glad to be here today~!!!

Myko (CryptoDiffer)

Welcome Steve, thank you for taking your time today!
Our team has prepared 3 questions for you to start with

Steve Ngok

Yes

Myko (CryptoDiffer)

Q1: Can you introduce yourself to our community?

Steve Ngok

Sure
Hi guys, this is Steve Ngok, I'm the co-founder and Oracle of Dora Factory, leading business development and partnership for $DORA.
Besides this role, I'm also the Partner of DoraHacks, the global hacker community, and the Partner of DoraHacks Ventures, a seed money accelerator for post-hackathon hacker projects.

Myko (CryptoDiffer)

Great! Let's move on the project itself)
Q2: Can you introduce Dora to us?
nice pack btw

Steve Ngok

Sure.
So Dora Factory is a programmable, multi-chain DAO-as-a-Service open infrastructure.
Crucial schemes like quadratic voting, bonding curve fundraising, all cool features regrading on-chain governance can be built on this infrastructure as pallets by the developers, and they can be rewarded in a SaaS model when DAOs launched on Dora Factory deploy them.
Dora Factory’s first batch of key pallets has been developed by HackerLink(hackerlink.io/en), DoraHacks’ blockchain developer platform, offering blockchain-based tools, such as quadratic funding, bounty, BUIDL, open source NFT, DoraID and online hackathons to foster and fund blockchain open-source innovation.
By holding and staking $DORA, users can participate in the governance in many funding events on Hackerlink and many other use cases as well.
There're a few that we do want to share with the community:

1. Quadratic Voting & Funding:

Hackerlink partnered with Solana & Filecoin officially to launch their very first quadratic funding community grants.

So now, Dora supports BSC, Heco, Flow, Solana and Filecoin and are working with their core team to foster developer communities together.

Dora Factory have delivered all milestones of the Quadratic Voting and Funding Pallet to the Web3 Foundation. The next step is to merge this pallet to either Kusama relay chain or a common good of Kusama.

We're working a migrating Moloch DAO to Substrate, and our application of our second Web3 Foundation Open Grant has been approved.(Moloch V1)
2. Pentalaunch: (curve.auction)
Pentalaunch just launched WeStarter at 0.25 USD/token for 30K USD allocation. The highest return since IDO on Pentalaunch is 15.6x.

We have been working with Goda and updated Pentalaunch where users can differentiate scam curves and real auction curves. From now on, users can see labels of scam curves and verified curves in future pentalaunch token sales.

We're also working on a ID system that allows users to stake DORA to apply for whitelisting for Pentalaunch token sales. This program has been introduced on our medium page, and will be added to our products soon.
3. Dora ID
A lot of Dora Factory products rely on real identity of participants to prevent all kinds of attacks to existing system. So we're working on an ID system that allow users to stake DORA to create an unique identity in Dora's ecosystem and participate in the activities hosted by different products, i.e. whitelisting of PentaLaunch, more voting power on Hackerlink Grants, etc.
4. Hacker NFT
We believe in Dora Factory's mission, which is to help open source ventures raise funding leveraging all on-chain schemes and governance toolkits. We're working on a new NFT project, that allows all open source projects or hacker "BUIDL"s on Hackerlink.io/en/buidl to issue an NFT, and this NFT can be traded by anyone. We're introducing a simplified version of Harberger Tax in this system. On Hackerlink, you can curate a hacker project by purchasing his NFT early. When the projects becomes more popular, and the NFT is bought by a buyer bidding a higher price, according to Harberger Tax, you'll have to sell it to him. A big percentage of the profit of the sale will go to you, the previous owner. 20% will go to the open source project itself. The Hackerlink platform will also take a percentage from each transaction.

Myko (CryptoDiffer)

Superb! Thanks for a detailed answer)
we only have one question left, its about goals!
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Steve Ngok

Yes, actually most of the milestones have been mentioned in the context above. I'll intro more on the community event side

Myko (CryptoDiffer)

okie, as you wish!

Steve Ngok

We just hosted DoraHacks Global Hackathon Series @ Austin, Texas.
This event is co-hosted by Multicoin Capital, Hypersphere Ventures, Fundamental Labs, Krypital Group and Ethereum Austin. We were joined by MetaMask, Celo, Filecoin, Moonbeam, Consensys, Findora, Coinbase Ventures and Kraken. This is a high-level blockchain hackathon joined by leading teams and industrial experts.

Meanwhile we're hosting:
Flow Grant 1
Solana Season Hackathon @ China
Filecoin Grant 1

Just hosted:
BSC CIS NFT Hackathon for russian community
HECO Grant 1
BSC & DoraHacks SEA Virtual Hackathon
We were happy to list on KuCoin recently, more details can be found here: https://www.kucoin.com/news/dora-factory-is-available-on-burningdrop

Cryptodiffer Community

Dora Factory recently acquired the Decentralized Link Curve Generator. But what kind of project can use it? What are its importance and how can it help improve any project that uses it?

Steve Ngok

PentaLaunch is a bonding curve generator allowing all open source projects to DIY a curve to launch token sales on the platform of curve.auction
For projects, it is a permissionless token launch platform. For users, you can participate on the token sales of many leading projects. Stay tuned for the next sale!
You can follow us on Twitter @DoraFactory or join our TG chat t.me/dorafactory to know the most recent updates.

Cryptodiffer Community

Please tell me your team background and what makes your team interest to build this project?

Steve Ngok

The Team behind Dora Factory is the DoraHacks team. We're the team organizing the largest blockchain dev network in Asia and in the world in 9 countries and 17 cities. We're also the team behind hackerlink.io, the top 2 blockchain dev incentive platform.

Cryptodiffer Community

My question is about Dora Factory marketing. As we know, every crypto project needs to be used for growth. So what are the plans for mass use in the future?

Steve Ngok

We focus more on the adoption of users for the products we have been developing. For $DORA's use in Quadratic Funding, we have more than 20,000 voters and distributed 5 million USD to 500+ projects. We're trying to better the experience for users for PentaLaunch and Hacker's NFT as well.

Cryptodiffer Community

What are Dora Factory's current plans for the NFT field? Will you guys focus on developing NFTs as the backbone of Dora or just develop them based on market trends?

Steve Ngok

You can try purchasing Hacker's NFT on hackerlink.io/en/buidl to buy Open Source Hacker's NFTs. There are certain perks designed for holders and traders of these NFTs. These NFTs can only be traded via $DORA.

Cryptodiffer Community

What is the strongest and most important feature that Dora have?

Steve Ngok

$DORA will always focus on hackers and open source ventures. We'll be a major platform for users to have early access to open source project's early token sale, initial curation, NFT sales and so much more. Dora Factory will be the major platform for Open Source Curation Market, and every $DORA holder will benefit from holding, using and staking $DORA.

Myko (CryptoDiffer)

Thank you a lot for coming today!
It was a pleasure to host this ama)

Steve Ngok

Thanks guys for having me. Have a great one guys!