I just saw a piece of breaking news mentioning a token that left a deep impression on me, which is DORA, that surged more than ten times in just one hour on the 14th of last month. In my memory, there were two tokens that gained popularity in 2021: Doar (Dorayaki) and Atom (Aton).

I had previously researched the technical framework of DORA, which is as follows:

Smart Contract Framework: As the cornerstone of the DAO, its meticulously constructed smart contracts cover key aspects such as member management, voting mechanisms, and fund allocation, ensuring clear rules and accurate execution, providing reliable support for the smooth operation of the DAO.

Among them, this latest voting mechanism is quite interesting; quadratic voting, under this mechanism, the influence of a voter's vote is proportional to the square of the number of votes they cast. For example, the influence of casting 1 vote is 1, the influence of casting 2 votes is 4, the influence of casting 3 votes is 9, and so on. This allows the collective power of small donors to be maximized while avoiding excessive dominance of the outcome by a few large donors, giving more people the opportunity to participate in decision-making.

Many community public ecological plans utilize their voting mechanism; for example, in the related funding plans of the Cosmos ecosystem, such as the Cosmos AEZ quadratic funding plan starting on June 5, 2024, this voting mechanism is used to determine the allocation of an 8000 ATOM matching pool. Community members can pay voting fees with airdropped DORA tokens and support the public goods teams they appreciate by donating ATOM.

After successfully completing a strategic investment of 10 million USD on May 24 of this year, on June 5, DORA tokens were airdropped to 1.04 million Cosmos stakers, inviting community members to participate in public goods privacy governance and related voting activities. This was also uncovered in recent research, indicating that the project party has a vision. Currently, it is only listed on OKEX for spot trading; we might boldly speculate whether there will be significant movements next after the news release? Listing on Binance? It’s not impossible!

Stay tuned, and those interested can follow the blogger, who will continue to keep an eye on it!