DORA

Dora Factory price

DORA
USD
USD
$0.13704
-2.36%
1h
24h
1W
1M
1Y
All

Dora Factory price live data

The current price of Dora Factory is $0.13704. Since 00:00 UTC, Dora Factory has decreased by -2.35%. It currently has a circulating supply of 1,000,000,000 DORA and a maximum supply of 1,000,000,000 DORA, giving it a fully diluted market cap of $137.00M. At present, Dora Factory holds the 155 position in market cap rankings. The Dora Factory/USD price is updated in real-time.

Dora Factory price performance in USD

Time periodChange amount%Chg
Today-$0.00330 -2.36%
7 days$0.0077411 +5.98%
30 days$0.0042411 +3.19%
3 months-$0.05106 -27.15%

Dora Factory market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.13704
Last price $0.13704
24h high$0.14124
Heat index ranking
215
Market cap ranking
155
Market cap
$137.00M
Favorited rate
Percentage of users who favorited this asset to all users
0.98%
All-time high
$0.44000
-68.86% (-$0.30296)
Nov 23, 2023 (6 months ago)
All-time low
$0.013740
+897.38% ($0.12330)
Oct 9, 2023 (7 months ago)
ICO date
03/23/2021
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
1,000,000,000 DORA
Market cap at circulating supply
Market cap = Circulating supply × Last price
$137.00M
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 08/21/2023

About Dora Factory (DORA)

Dora Factory is an open-source, community-driven DAO-as-a-service infrastructure for decentralized governance. It was built to effectively manage, curate and incentivize developer communities with their native token. DORA is the name and ticker symbol for the native ERC-20 token of the project.

Built on Substrate, the programmable infrastructure of Dora Factory allows developers to make pallets such as on-chain voting and add them to its parachain or Ethereum Layer 2 chain.

Dora Factory has three elements: Polkadot Factory, Ethereum Factory, and virtual bridge. On Polkadot, DAO functionalities can be performed through pallets. On Ethereum, individual smart contracts can be deployed through Dora Factory contracts for governance.

Apart from bridges connecting Polkadot Relay Chain with other critical public chains, Dora Factory has built a simplified virtual bridge for user convenience. This bridge can transfer tokens to Dora's parachain from ecosystems outside Polkadot, enabling users to store crypto assets in cross-chain vaults.

The DORA token is primarily used for governing Dora Factory. However, users and holders of DORA can engage in staking, mining, and even performing financial operations within the native ecosystem. However, unlike many other cryptocurrencies, DORA cannot be utilized as a currency to exchange goods and services.

Several use cases of the project include voting, fundraising (dutch auction, bonding curve fundraiser, quadratic fundraiser), incentive protocol, dispute resolution, and admin tool pallets. Dora Factory's governance is performed by two central bodies: the governance DAO (open for all DORA holders) and the Council (for the core team of the project).

DORA price and tokenomics

The total supply of DORA is 10 million, and its price depends on the projects availing of the services offered by the Dora Factory. The platform held a public sale on March 21, 2021, selling tokens worth $180,000. Each DAO can be created within the project's ecosystem by staking 100 DORA tokens, which users get back once the DAO is dissolved.

The token also incentivizes validators, nominators, and other members to engage with the ecosystem. It follows a linear inflation model to do so at 1,000,000 DORAs per annum unless the members vote otherwise.

The inflation rate starts at 10% for the initial year and then gradually decreases annually, which naturally impacts the DORA charts. 2% of tokens created from yearly inflation are allocated to their treasury, while the rest are allocated amongst nominators and validators.

About the founders

Jiannan Zhang, an Oxford alumnus and the founder and CEO of DoraHacks, works as an architect for Dora Factory. The project is backed by well-known names such as DoraHacks Global Hackathon Series, HackerLink Grants, Hashkey, Hypersphere, CMS, Fundamental Tabs, and Signum Capital.

DORA Factory has successfully engaged blockchain developers all across the globe. In the DORA ecosystem, eight projects, including DAOrayaki, LA DAO, Alexandria, EntangledQuery, etc., raised $50,000.

DORA FAQ

What is DORA?

Dora Factory provides decentralized infrastructures where organizations can use DAO services, and developers are incentivized to build their next projects. DORA is the name and ticker for the utility token of the project.

How does DORA work?

Dora Factory gives a native solution for managing and incentivizing communities of open-source developers and provides DAO as a service for organizations to opt for decentralized operations. DAO creators can create and launch DAOs, deposit and withdraw assets from cross-chain vaults, and create pallets for governance utilities.

Where can I buy DORA?

Easily buy DORA tokens on the OKX TR cryptocurrency platform. One available trading pair in the OKX TR spot trading terminal is DORA/USDT.

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), and Chainlink (LINK), for DORA with zero fees and no price slippage by using OKX TR Convert.