Introduction to DORA Token:

Dora Factory was established in 2021 as a global hackathon community platform. The platform aims to help open-source communities and cutting-edge technology builders thrive by creating protocols, tools, and public infrastructure.

DORA is the native token of Dora Factory, which enhances the capabilities of DAO-as-a-Service infrastructure.

This article will explain what DORA is, how it works, and how to purchase DORA tokens if you wish to invest in this interesting blockchain project.

Introduction to Dora Factory (DORA)

As a global hackathon community platform, DoraHacks has provided over 30 million dollars in funding to hackers, developers, and builders worldwide since its launch. To further create a decentralized resource network for builders, the team launched Dora Factory in 2021 to develop new innovative ways for sustainable financing and governance mechanisms.

Dora Factory aims to establish the necessary infrastructure to address two urgent issues that require long-term solutions for the development of open-source communities and the hacker movement.

The first issue is the need for sustainable funding to support the global hacker movement. The second issue is that these communities require new governance technologies. Governance is a particularly challenging issue because hacker communities are typically composed of a global network of teams that turn ideas into reality. They do not function like companies and do not have a hierarchical management structure. Therefore, decision-making, fund allocation, and resource distribution differ significantly.

Thus, the DoraHacks team aims to solve these two issues by building Dora Factory.

Dora Factory is an on-chain governance and open-source entrepreneurship infrastructure based on Substrate's DAO-as-a-Service. On Dora Factory's open infrastructure, on-chain governance incentive mechanisms such as secondary funding, curve auctions, and on-chain voting can be developed as key modules (Pallets) to support blockchain entrepreneurship programs initiated by the global open-source developer community and decentralized organizations.

Dora Factory produces Dorayaki, which is the fuel for all DAO enterprises executing on-chain governance.

What is DORA Coin?

Dora Factory is managed by DORA holders. DORA is the utility token that binds the network together. Users and holders of DORA can stake, mine, and pay with DORA tokens. Established developers will receive DORA token rewards.