💥 Dear community, VIC GROUP will host an AMA with Dora Factory team on Monday , 22th March , at 20:00 PM (UTC+7)
👉 Part 1 : Basic Introduction of Dora Factory and Eric Zhang — Architect of Dora Factory & Steve Ngok — Oracle of Dora Factory.
👉Part 2: Guest Dora Factory and Eric Zhang — Architect of Dora Factory & Steve Ngok — Oracle of Dora Factory will answer community questions. (here (https://docs.google.com/forms/d/e/1FAIpQLSdYfmf2C4Z25CiiBceMmtJY2-2fxMgSOoTCbXgQlH6CvSqFDw/viewform))
👉Part 3: All members can ask anything directly about Dora Factory
👉Build an open DAO-as-a-Service infrastructure for on-chain governance and open source ventures. Backed by
@DoraHacks , http://HackerLink.io/en.
🕓Time: 20:00 PM (UTC+7) — Monday , 22 th March 2021
🏠Venues: https://t.me/xoadoigiamngheo
🎁Airdrop: 200$
MrBut
There was some technical problem but was stabilized and AMA got permission to start now!!!!
The Group will be Muted for the AMA to start
How do you feel today? @SteveDoraHacks @toyotomie
Mr.Eric
sorry for being late, the LBP was just started, super busy & exciting evening!
Mr.Steven Ngok
We just launched our Balancer LBP hours ago.
Very excited!!
MrBut
As far as I know Dora was listed for a successful sale at x5 compared to the Public price on Balancer
Mr.Steven
It’s a reverse auction
If you happen to own some USDC, you should try swapping on Balancer.
Mr Bụt
And it has been quite successful, so we will be entering Part I of the AMA today
👉 Part 1 : Basic Introduction of Dora Factory and Eric Zhang — Architect of Dora Factory & Steve Ngok — Oracle of Dora Factory.
Invite 2 guests to introduce themselves and briefly about the DORA FACTORY project for everyone to understand better @SteveDoraHacks @toyotomie
Mr. Steve
Yes
Hi guys. This is Steve Ngok( @DAONgok on Twitter). Me and Eric Nobita are the founding team of Dora Factory and DoraHacks. We’re very excited to be here with VIC community!
I’m the Oracle (Ecosystem Lead) of Dora Factory. Eric Nobita is our Chief Architect.
Besides this, we’re also partners at DoraHacks and DoraHacks Ventures.
DoraHacks is a global hacker community and DV is the venture arm.
DoraHacks Ventures is a seed money startup accelerator that nurtures exciting post hackathon hacker projects.
Dora Factory is a programmable DAO-as-a-Service open infrastructure on Substrate.
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.
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. Check them out at hackerlink.io/en/build
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.
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.
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. Done～！
Mr.But
Thanks to the introduction of the DORA Factory project, we will continue with Part II of AMA with interesting questions we gathered from the community the day before the AMA, you are ready to answer them. @SteveDoraHacks @toyotomie
Thanks to the introduction of the DORA Factory project, we will continue with Part II of AMA with interesting questions we gathered from the community the day before the AMA, you are ready to answer them. @SteveDoraHacks @toyotomie
Mr.Steve
Sure
Let’s do this
MrBut
First question: Please explain in more detail about Dora Factory what is the background of this project? and when was it established? @SteveDoraHacks
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. 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.Done
Mr.But
Thanks for the reply from the guest we continue with question 2 : Who are Dora Factory’s strategic investors and partners? What criteria/ process do you follow in evaluating your partnership deal with them? @SteveDoraHacks
Yes.
Mr.Steve
For institutional investors, we’re humbled to be backed by many backers who understand and vision the future of DAOs no less than we do.
We have closed 2 rounds of private investment from many prestigious investors.
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.
8 out of 10 Huobi Polkadot Sponsors have invested in us.
We also have many community backers and our partnership will be announced soon.
For close partners, we’re working with Binance smart chain, Huobi Eco Chain, OKExChain, Kusama, Polkadot, ETC, Filecoin, Avalanche, the Graph and Solana on Hackathons, Grants and Quadratic Voting & Funding recently.
Done
Mr.But
Thanks for the answer. We’ll move on to the next question : Many new projects initially developed well but were suddenly abandoned. How will you manage your project to get your position on the market and become the best project in the blockchain world? @SteveDoraHacks
Mr.Steve
DAO is a big sector, and it’s going to be much bigger. In the Internet era, consumer sector is as big as To-Business sector. However the To-Business sectors only emerged and grew a bit later. Now you can see Salesforce to worth hundreds of billions of dollars.
DAOs are the future of organizations. Native crypto organizations and communities are naturally DAOs, and when we develop more on-chain governance tools, other types of organizations will transform to DAOs in the future, and every one of them need an infrastructure to provide various features to vote, govern, fundraise, and incentivize members, and Substrate is the right tool to create such an infrastructure.
Our team is a long-term looking team. Although we cannot predict short-term market, we will focus on very long-term value.
$DORA represents the value and utility of Dora Factory’s ecosystem and whole network. #HODL DORA and you will enjoy the grand victory of global DAO movement.
Mr.But
I have seen in the future that the $DORA token will be a platform token and need it to be able to IDO projects issued on #DORAFACTORY
Thanks for the interesting answers and suggestions, we will continue with question 4 : Can you share about the niche market, and target markets and the broader market that DORA FACTORY aims to? How do DORA FACTORY team think with Asia crypto market? @SteveDoraHacks
Mr.Steve
Yes
We think DAO is definitely the next big topic, very important in the Crypto world. Every blockchain protocol and ecosystem has various communities, and they are all in great need of governance and cool governance toolkits.
Aragon, DAOHaus, etc. these are great products, but they do not fit needs of DAOs in general.
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
Ethereum DAO platforms are mostly voting machines, therefore they cannot serve many needs from DAOs.
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‘re a global team, backed by global hackers, investors and supporters. We’ll run Dora Factory as a global infrastructure and engage global developers and community members to build this amazing venture of DAO with us together!
For Asian Market, we’ll engage local partners to translate relevant materials. Miss Bitcoin is our proud translator of Dora Factory’s Japanese version white paper.
While we’re communicating with our communities, we’ll engage local partners to conduct live translation in our AMAs.
We’ll host more and more local communities, like our 4000+ community member of Dora Factory’s Vietnam Community in more countries and places.
Mr.But
Thanks for the answers, we will continue with the last question of Part II : I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, do you have plans for HACKATHON so as to check the security of your ecosytem periodically and also invite developers to build?Is Your project a Global project ? @SteveDoraHacks
Mr.Steve
We’re developer community centric. Hackathon is the soul of DoraHacks community.
We’ve witnessed the birth of Matic, Acala, Phala, Darwinia, ChainX, Bandot, Manta Network, xDefi, Apron Network, Zenlink from DoraHacks previous hackathons and hacker events.
Hackathon is very close to the hacker community in nature. So we can have access to the best hacker teams early.
Now DoraHacks also have a venture arm named DoraHacks Ventures.
We invest in post Hackathon projects and brilliant hackers.
We have a vibrant developer community who will contribute great ideas and projects to our ecosystem and we’ll help them on every aspect.
They will be building pillars of the DAO world in the future with Dora Factory.
Mr Bụt
Thanks for the answer. we will conclude part II
👉Part 3: All members can ask anything directly about Dora Factory
The group will be unmuted within 2 minutes for everyone to ask questions
Let’s Go !!! questions :))))
Question :Where does the project name come from? What does it mean for you and why did you choose that name for your project?
There’s a background story where you can reference from our white paper.
Since the iron fist manager of Matsushiba Factory retired, the factory turned into a chaotic anarchy and production stalled. One day, Dora received a letter from Doraemon, one of his best friends, requesting help to resume productivities in the 22nd century. Dora is compassionate about future human beings and decided to restructure the Matsushiba Factory from building robots to building ventures and rename it “Dora Factory”.
Dora is the curator of the great hacker community of the 21st century, how could he manage Matsushiba Factory in the 22nd century? He humbly inquired with the prophet from Phuket, who told him ventures will be organized in the form of DAOs, and he needs to build the right infrastructure for them.
Dora has already built a bunch of great tools to foster developer communities and problem-solving ventures, such as quadratic funding grants, on-chain bounties, bonding curve fundraisers, global hackathons series. Now he decides to build a unified infrastructure and let everyone, not only him, create tool kits for DAOs to plug and play, because only when he mobilizes the whole developer community’s code power of human beings, he can rebuild Matsushiba Factory when the time comes.
Question : What makes you feel confident about the survival & sustainable success of Your project in the near future?While you build your project, do you take into account community feedbacks and demands?
We think DAO is definitely the next big topic, very important in the Crypto world. Every blockchain protocol and ecosystem has various communities, and they are all in great need of governance and cool governance toolkits.
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.
Question : What difficulties have you encountered during your development process? How many products have been built on your platform? Can you share some highlights from them?
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. Present-day blockchain projects often lack lasting mechanisms and effective toolkits to manage and incentivize their open source communities.
We believe that this problem can be solved by a crypto-native solution: a programmable DAO-as-a-Service infrastructure specialized in developer community management, curation and incentivization.
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.
Question : How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates??
You can always find our most recent updates at the official links below:
Twitter: https://twitter.com/dorafactory
Medium: https://dorafactory.medium.com
Website: Dorafactory.org
Telegram : https://t.me/dorafactory
Telegram Ann: https://t.me/dorafactorychannel
Telegram Vietnam: https://t.me/dorafactoryvietnam