Mr.Bụt:
Dear community, BLUE SEA will host an AMA with Dora Factory team
🎙 Guest: Eric Zhang — Architect of Dora Factory & Steve Ngok — Oracle of Dora Factory
👉 Part 1 : Basic Introduction of Dora Factory and Eric Zhang — Architect of Dora Factory & Steve Ngok — Oracle of Dora Factory
Invite guests to briefly introduce the project and themselves?
Steve Ngok:
Hi guys. This is Steve Ngok. Me and Eric are the founding team of Dora Factory and DoraHacks. We’re very excited to be here with Blue Sea
So Dora Factory stems from DoraHacks, the global hacker community and Hackathon organizer. We started building DoraHacks community back in 2014, and step by step grew it to become the largest developer and hacker community in 2017. In 2018 we went global to 8 countries, 15 cities, and organized 31 blockchain hackathons. You can check out the cool videos of our Hackathons here:
India Blockchain Rising Hackathon | DoraHacks GHS 2018 @Bangalore
https://www.youtube.com/watch?v=2xbuN5hUgps
Blockchain & Finance Hackathon | DoraHacks GHS 2018 @Oxford
https://www.youtube.com/watch?v=Pt-6VaQAi8o
Blockchain & AI Hackathon | DoraHacks GHS 2018 @Seoul
https://www.youtube.com/watch?v=0W8ROIL-XPg&pbjreload=101
In 2019 we organized the largest Hackathon in China history in Beijing, called the 4th Industrial Revolution Hackathon, more than 500 hackers participated in this event.
Also from then on, we started to build hackerlink.io/en, the online blockchain developer infrastructure. It has many cool features that serves blockchain developers, like quadratic funding grants, bounties, online hackathons and BUIDL sector where hackers demo their cool projects to the crowd. We’re working with Binance smart chain, Polkadot, ETC, Filecoin, Avalanche, Solana on Hackathons, Grants and Quadratic Voting&Funding recently.
During this process we built many interesting features for developer governance. Developer community is a crucial building block for the whole blockchain ecosystem. By working with DoraHacks and Hackerlink, many open Blockchain ecosystems can govern their developer community in a decentralized, democratic manner. This is where the idea of Dora Factory came into mind.
Dora Factory is a Programmable DAO-as-a-Service Open Infrastructure on Substrate. Schemes like Quadratic voting, bonding curve fund raising, 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.
For us, a DAO is not just a coin-voting machine. A DAO is a set of on-chain governance schemes. To achieve this, there needs to be an open infrastructure where DAOs can plug-and-play governance features freely, and that’s what we call a DAO-as-a-Service infrastructure. Substrate offers a unique tool to build an open platform for on-chain governance protocols.
DAOs are the future of organizations. There are many examples of DAOs we can think of — open-source developer teams, DeFi protocol governance bodies, public chain developer communities, DAO-organized venture capitals, and many more. They all can be or already are DAOs. In the future, many more institutions can be organized as DAOs. For example, nonprofit organizations, crypto artist groups, event organizers, hobbyist groups, decentralized media, etc.
Ethereum DAO platforms are mostly voting machines, therefore they cannot serve many needs from DAOs. With Substrate, we can build a DAO-as-a-Service infrastructure where we can use $DORA native token to empower the system and incentivize developers, and we can achieve plug & play for DAOs that use different pallets and features.
Dora Factory provides a playground where DAOs can be easily created and equipped with cool pallets that serve their crucial needs for governance, fundraise, collaboration, administration and more.
We hope that DoraHacks and HackerLink’s vibrant global community will help Dora Factory grow a robust developer community to build amazing pallets and provide services and schemes in many fields that DAOs can use.
We closed our private rounds and are very humbled to have many prestigious institutional investors backing us. Many of them can offer key resources upon global talent outreach, developer community building, strategic investment and advisory on DAOs, Defi, token economics design and operation, etc.
Our institutional investors are HashKey, Hypersphere Ventures, NGC Ventures, DFG, SNZ Holdings, AU21 Capital, Axia8 Ventures, Digital Renaissance Foundation, Candaq Fintech Group, Dealean Capital, Cabin VC, LD Capital, DoraHacks Ventures, Fundamental Labs, Signum Capital, CMS Holdings, Block Dream Fund, ID Theory, LongHash Ventures, PAKA, NEO EcoFund, Incuba Alpha, Zonff Partners, SevenX Ventures, Lancer Capital, Privcode Capital, Gate.io, Horizon Capital, Spark Digital Capital, Kernel Ventures, JRR, Infinity Labs, Lotus Capital, BlockRock Capital, BlockArk, Clover Ventures, The LAO and DuckDAO.
We also have many community backers and our partnership will be announced soon.
Dora Factory’s first batch of key pallets has been developed by HackerLink, DoraHacks’ blockchain developer platform, offering blockchain-based tools, such as quadratic funding, bounty, BUIDL and online hackathons to foster blockchain open-source innovation.
Currently, HackerLink is hosting Binance Smart Chain’s first quadratic funding grant of $50,000. More than 100 new projects have already submitted applications for the program in less than 20 days since the grant was announced.
We‘re supporting BSC and the Graph for BSC Grant 2 on Hackerlink, you can check out the details at https://twitter.com/DoraHacks/status/1366970558613647361
DoraHacks is running another Hackathon in Beijing March 6th-7th where 20+ new hacker teams are going us. More details can be found at https://dorafactory.medium.com/eth-hackathon-nft-dao-layer-2-beijing-9dac13d979f4
We’re also running a Singapore Hackathon from April 10th to 11th.
Our community hacker Goda Takeshi will use the bonding curve scheme developed by himself to do a Penta Launch of leading projects for token sale on March 20th. You can participate by following his most recent updates at https://twitter.com/GodaTakeshi7/status/1367006863154237443
On Polkadot side, we are mostly building the infrastructure from the very bottom. A lot of exciting developments. Our first Web3 Foundation Grant was submitted. checkout the grant on GitHub
https://github.com/w3f/Open-Grants-Program/pull/227
https://github.com/w3f/Grant-Milestone-Delivery/pull/104
We are also migrating MolochDAO from Ethereum to Substrate. The DAO-as-a-Service infrastructure will be available in June 2021.
That’s all for the project introduction here. Thanks
Mr.Bụt:
Thanks for the introduction and all information about the DORA FACTORY project as well
Hello, Eric
Can you give a brief about yourself and what position you are working with at DORA FACTORY?
Eric Zhang:
I’m mostly working on products and tech. We have several product lines, HackerLink is growing in rapid speed, we have major ecosystems on boarding and laucnhing their own quadratic funding grants, managing their developer DAOs
in the meantime, we are migrating key pallets from Ethereum to Substrate/ Polkadot
for example, quadratic voting, curve auction, MolochDAO mechanism, etc. On Substrate, we will eventually build DAO-as-a-Service
you will have all the pallets as features that DAOs can use plug-and-play
it’s a very exciting ideaand it’s very unique that we should make it happen with the infrastructure Substrate provides
Steve Ngok:
Yes. Me and Eric are the founding team member of DoraHacks and Dora Factory. Eric founder DoraHacks back in 2014. Eric is the Chief Architect of Dora Factory and I work more on the ecosystem building side.
Eric Zhang:
imagine when there are thousands of organizations — developer groups, early-stage blockchain projects, crypto artist groups, and even subteams of big corporations exploring DAOs, they can on board our parachain to use DAO-as-a-Service
developers can be rewarded by building pallets that DAOs use, and DAOs consume $DORA tokens to use the pallets/services
it’s a completely new infrastructure for DAOs
we have a few articles in Vienamese released today, check them out to know more
https://cryptovietnam.io/dora-factory-da-chinh-thuc-ket-thuc-vong-goi-von-kin-thu-hai/
https://saigontradecoin.com/dora-factory-la-gi-toan-tap-ve-tien-dien-tu-dora/
https://blogtienao.com/dora-factory-da-chinh-thuc-ket-thuc-vong-goi-von-kin-thu-hai/
follow dora factory twitter for real-time updates! https://twitter.com/DoraFactory
Mr.Bụt:
Thanks for the very thorough answer of the guest, we will conclude part I AMA
👉Part 2: Guest Eric Zhang — Architect & Steve Ngok of Dora Factory will answer community questions
We will continue with the questions selected from the form
First Question : How did you choose/end up with a name “ Dora Factory ”? What was your thoughts back then so you decided with “ Dora Factory ”?
Steve Ngok:
This is actually a very interesting question. Dora Factory stems from DoraHacks, the developer community we’ve been building for 7 years. And the name DoraHacks and Dora Factory all comes from Doraemon.
Our core teams grew up watching Doraemon and we loved it, that’s why we launched DoraHacks and Dora Factory.
Our token’s name is $Dorayaki, Dorayaki is Doraemon’s favorite snack, and it will be the fuel of Dora Factory Network.
Mr.Bụt:
Thanks for the interesting answer, we will continue with Question 2 : How long will it take for the new $ DORA FACTORY to trade ? What is the maximum supply ? Circle supply? Thankyou!
Steve Ngok:
The maximum supply will be 10,000,000 DORA tokens.
We’ll announce IDO/IEO plans very soon(Around March 20th), please stay tuned and if you follow us closely, we can tell you can make a profit by becoming our early supporters. Please follow our official medium channel, twitter and telegram group to get the most timely updates.
Mr.Bụt:
Thanks for the answer we will continue with Question 3: What do you think is the biggest problem DORA FACTORY will solve that no other project is solving now, and why is the problem important to solve?
Steve Ngok:
We think DAO is an amazing topic, a crucial sector to the whole blockchain system, yet no good infrastructure has been build, and very few discussion has been made.
Dora Factory aims to revolutionize the DAO sector by introducing the most robust programmable infrastructure on Substrate. We’ll nurture and incubate many cool DAO projects, like developer DAOs, DAO VCs, Defi DAO schemes and so on.
DAOs are the future of organizations. There are many examples of DAOs we can think of — open-source developer teams, DeFi protocol governance bodies, public chain developer communities, DAO-organized venture capitals, and many more. They all can be or already are DAOs.
In the future, many more institutions can be organized as DAOs. For example, nonprofit organizations, crypto artist groups, event organizers, hobbyist groups, decentralized media, etc.
We hope that DoraHacks and HackerLink’s vibrant global community will help Dora Factory grow a robust developer community to build amazing pallets and provide services and schemes in many fields that DAOs can use.
Thanks, that’s all for question 3
Mr.Bụt:
Thank you for the wonderful response. We will continue with Question 4 : Now, some project have policies for their ambassadors to create a contribution and attract recognition for the project! So the DORA FACTORY team plans to implement policies and incentives for your ambassadors?
Steve Ngok:
We’ll release ambassador programs soon, please stay tuned for more info and if your wish to support us early, please contact Paulus @paulus0701 to see if we can work together in the Vietnam Community!
Mr.Bụt:
Yes thanks for the answer we will continue with the final question ending part II Question 5: How is the DORA FACTORY token used? How to keep motivated to hold DORA FACTORY tokens for a long term?
Steve Ngok:
The Dora Token serves as the native token of Dora Factory. The Token represents and carries the value of the whole network of DAOs and hacker economy. Token holders gain rewards by becoming validators and nominators as 1 million Dora Token will be inflated and rewarded to stakers.
When DAO’s are deployed on Dora Factory, they would need to stake a portion of DORA token, let’s say 100, to the network. When they deploy a pallet as core feature for their DAOs, they will need to pay the pallet developer a fee in a SaaS model with DORA token. A developer will gain reward when the pallet developed by him are used by the DAOs on Dora Factory.
We’ll leverage DoraHacks resources and Dora Factory’s Open Grant and Treasury to incentivize more developers to build cool DAO features as pallets on Dora Factory’s open infrastructure.
We vision Dora Factory to become the best DAO infrastructure not only in the Polkadot ecosystem, but also in the great blockchain space.
We’re planning on IDOs on multiple leading IDO platforms and more details will be disclosed shortly. Please Follow our official twitter account (https://twitter.com/DoraFactory)and telegram channel for more timely updates.
Please HODL with us and you will see amazing rewards as we come up with more amazing products
That’s all for the 5th question.
Thanks Mr.Bụt
Mr.Bụt:
Thanks for all the responses from the guest speakers and we will continue with Part III
The group will be unmuted 2 minutes for everyone to ask questions about the DORA FACTORY project
Part 3: All members can ask anything directly about Dora Factory .
Question 1:What is your plan for global expansion? At present, which market does focus on, or is it focused on building and growing to gain customers, users and partners?
Answer:
We‘ll run global Hackathon and open grants to attract global hackers and developers to join us upon this journey of building the next level DAO infrastructure. We’ll introduce Quadratic voting schemes to more ecosystems. After Binance Smart chain, we’ll work with Huobi Eco Chain, OKExchain, Polkadot, Kusama, Filecoin, Solana, ETC, Avalanche to help them organize their own Developer DAO’s on Dora Factory’s platform. The hacker economy of their ecosystem are very valuable and we’ll provide the best infrastructure and pallets to host them in the long term.
We also value Vietnam community a lot, we look forward to providing the best infrastructure for you guys to explore the best products and schemes of DAOs in the near future!
Question 2:As a community based project, how can I donate my quota for your success? Do you have a Global Ambassador Program or a Referral Rewards System?
Answer:
We’ll release ambassador programs soon, please stay tuned for more info and if your wish to support us early, please contact Paulus to see if we can work together in the Vietnam Community.
We’re planning on IDOs on multiple leading IDO platforms and more details will be disclosed shortly. If you want to become our early supporters and curators, please follow our official twitter account (https://twitter.com/DoraFactory)and telegram channel for more timely updates. Please HODL and you will see amazing rewards as we come up with more amazing products.
Question 3:Where did you get the inspiration for this unique project idea? And what influence will we have on the crypto industry due to the project?
Answer:
During this process of building DoraHacks and Hackerlink.io we built many interesting features for developer governance. Developer community is a crucial building block for the whole blockchain ecosystem. By working with DoraHacks and Hackerlink, many open Blockchain
ecosystems can govern their developer community in a decentralized, democratic manner. This is where the idea of Dora Factory came into mind.
Ethereum DAO platforms are mostly voting machines, therefore they cannot serve many needs from DAOs. With Substrate, we can build a DAO-as-a-Service infrastructure where we can use $DORA native token to empower the system and incentivize developers, and we can achieve plug & play for DAOs that use different pallets and features. We vision Dora Factory to become the best DAO infrastructure not only in the Polkadot ecosystem, but also in the great blockchain space.
Question 4:From your website , we can submit problem, suggestion, idea or bug report and get reward, where we can submit that?
Answer:
For now, feel free to submit your ideas in our official telegram channel, twitter, or anywhere you can find us publicly. I think you can find everything about us here:
Articles:
- https://dorafactory.medium.com/dora-factory-closes-second-round-of-private-sale-57e44e31c038
Official links
Twitter: https://twitter.com/dorafactory
Telegram : https://t.me/dorafactory
Telegram Ann: https://t.me/dorafactorychannel
Telegram Vietnam: https://t.me/dorafactoryvietnam
Medium: https://dorafactory.medium.com/
Question 5:”STAKING” is one of the STRATEGIES to ATTRACT USERS and ACHIEVE MASS ADOPTION
Does your GREAT PROJECT have plan about Staking?
Answer:
Yes, here are a few details to help better understand the tokenomics of Dora:
The Dora Token serves as the native token of Dora Factory. The Token represents and carries the value of the whole network of DAOs and hacker economy. Token holders gain rewards by becoming validators and nominators as 1 million Dora Token will be inflated and rewarded to stakers.
When DAO’s are deployed on Dora Factory, they would need to stake a portion of DORA token, let’s say 100, to the network. When they deploy a pallet as core feature for their DAOs, they will need to pay the pallet developer a fee in a SaaS model with DORA token. A developer will gain reward when the pallet developed by him are used by the DAOs on Dora Factory.
That’s all for the 5 questions!
