Substrate-based startup Dora Factory has closed its first round of private sales led by HashKey.
NGC Ventures, DFG, SNZ Holdings, AU21 Capital, Axia8 Ventures, Digital Renaissance Foundation, Candaq Fintech Group, Dealean Capital, Cabin VC, LD Capital and DoraHacks Ventures also participated in this round.
Dora Factory is one of the first blockchain projects that aim to build an open infrastructure for decentralized autonomous organizations on Substrate.
“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,” said Eric Zhang, the architect of Dora Factory.
“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.,” said Steve Ngok, the oracle of Dora Factory.
Designed to revolutionize how DAOs work, Dora Factory introduced an innovative token economics model that incentivizes developers to build modules on Dora Factory’s parachain and receive fees when DAOs use their pallets.
From TheDAO and Aragon to newly emerged DAO VCs, such as DuckDAO and MetaCartel Ventures, DAOs are evolving fast to satisfy the needs for better governance schemes of various blockchain communities.
“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,” Zhang said.
The whole project is backed by one of the largest and most active blockchain developer communities, DoraHacks. The organization just announced the DoraHacks Global Hackathon Series 2021, hosting hackathons in 15 blockchain developer-centric cities, including Austin, Berlin, Denver, Waterloo, San Francisco, New York and Bengaluru.
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 60 new projects have already submitted applications for the program in less than 10 days since the grant was announced.
“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,”
One of the first-ever blockchain games decided that it’s time for its economy to benefit from what decentralized finance has to offer.
About Blockchain Cuties Universe
Blockchain Cuties Universe has been around since the very inception of blockchain gaming. During its two and a half years on the blockchain gaming scene, the game launched on five blockchains and developed a great deal of innovative gameplay mechanics.
Blockchain Cuties Universe is a collectible game about the adventures of adorable pets represented by nonfungible tokens on five different blockchains. The game offers vast possibilities to explore, trade and create. It’s a very dynamic environment, with regular in-game events and competitions that bring new content and opportunities.
Blockchain Cuties Universe and DeFi
Blockchain Cuties Universe will become the first DeFi game that leverages the power of five blockchains. The game’s team believes that the synergy of NFT and DeFi technologies will propel the game’s economy and engagement to new heights.
To achieve the ambitious goal of creating a sustainable, flourishing tokenomics system, Blockchain Cuties Universe will introduce Blockchain Cuties Universe Governance Token (BCUG).
Blockchain Cuties Universe Governance Token (BCUG)
BCUG is a native, digital, cryptographically secured utility token of the Blockchain Cuties Universe ecosystem
BCUG is a transferable representation of attributed functions specified in the protocol/code of the Blockchain Cuties Universe products, which is intended to be used solely as the primary utility token within the game’s ecosystem.
BCUG is a non-refundable functional utility token that will be used as the medium of exchange between participants in the game’s ecosystem. The goal of introducing BCUG is to provide a convenient and secure mode of payment and settlement between players and other economy participants.
BCUG will be supporting various new game mechanics, such as:
DAO governance
DeFi yield rewards
NFT upgradability
Token-powered, community-driven development.
BCUG benefits for players
The introduction of BCUG and leveraging the power of DeFi will bring a lot of innovation to the game process.
Community-driven development
Blockchain Cuties Universe is famous for its community-driven development. The game has a big friendly community of enthusiasts who have been sharing, voting for and lobbying their ideas for years. Their commitment has shaped a lot of gameplay decisions that are present in the game today.
The introduction and further development of BCUG use cases will allow to gamify and support the process of community-driven development in the game.
BCUG holders will be able to vote for, lobby and suggest new game mechanics, updates and in-game aspects. The power of BCUG will make every player with a stake in the game visible and able to influence its future.
In-game perks
BCUG holders will also receive a variety of in-game perks that will give them an advantage in the game.
BCUG holders will have several additional benefits in the game, such as giving players a chance to increase the power of their in-game characters and tradable items.
Every advantage in Blockchain Cuties Universe is also a market opportunity supported by the game’s five blockchains. So, holding BCUG might prove to be a great opportunity for active market players.
BCUG benefits for external participants
BCUG might prove interesting, even to those outside the world of Blockchain Cuties Universe.
Many of Blockchain Cuties Universe NFTs are held by collectors who don’t participate in the game but enjoy investing in the project.
BCUG might become an even more interesting asset thanks to its liquidity and ease of use. Apart from trading opportunities, BCUG will also offer liquidity farming for its holders.
BCUG launch
BCUG token will be distributed via two different paths:
A token distribution event
Interactions with the ecosystem (governance rewards, yield farming, rarity, gameplay and reward farming).
The token distribution event is scheduled for Q1 2021 and will consist of two main phases:
Private sales: seed, strategic sale
Public sale.
Tradelize launches ‘LinkedIn’ for cryptocurrency traders and investors
Tradelize, known as Professional Trading Terminal for crypto, announced its rebranding to Traders Social Network backed by real trading stats. Tradelize built the Tradelize Social Trading Portal and the Tradelize Social Network. Tradelize Social Trading Portal makes it possible for users to view, share and copy other traders’ trades in real-time. Tradelize Social Network opens cryptocurrency trading to all levels of expertise. Beginners can ride the success of experts by communicating with other traders and studying their activities, while professionals will benefit by building their brand and reputation and attracting funds for copying their trades and signals. All trader profiles are completely transparent, and now users have the opportunity to verify statistics and statements made by traders.
The Tradelize Trading Terminal remains an integral part of the Tradelize ecosystem. It provides direct market access, allowing traders to trade on 10+ exchanges in one united interface. Professional traders will also find many other unique trading features — e.g., market screener, arbitrage finder, hotkeys, a customizable user interface and more.
“The first time I paid attention to crypto markets was back in 2017 after more than 10+ years spent on Wall Street. Back then, I saw huge potential but very poor solutions making trading crypto almost impossible for professionals that were used to advanced software and features. Tradelize’s goal in the very beginning was to give professionals an advanced tool for crypto trading, thus opening this market to thousands of institutional traders. Now, institutions are actively entering the market, and it’s completely clear that it was the right bet,” said Tradelize founder and CEO Anton Zapolskyi. “Tradelize is expanding, and our mission is to transform crypto trading by connecting amateurs and professionals, providing advanced features for both sides, and finally bringing much-needed trust to the industry.”
“Tradelize recognizes the importance of trust between traders and investors and encourages both parties to use the transparency of the Tradelize platform to benefit both. Professional traders can focus on what they do the best — trading — without losing their focus on fundraising and negotiations. In this way, traders build their own reputation by providing a track record. At the same time, amateurs are getting the opportunity not only to copy trade the best but also to choose this ‘best’ through Tradelize’s transparency. Transparent statistics also allow investors to make informed decisions on traders’ returns, risks and strategy,” said Vitalis Elkins, a former Cointelegraph executive who joined the team as the chief operating officer several months ago.
About Tradelize
Tradelize was founded in 2018 by ex-Wall Street trader Anton Zapolskyi and offers a professional cryptocurrency trading terminal for advanced traders. Tradelize is 100% bootstrapped with $2.5 million invested in the product.
In 2020, Tradelize users executed trades for $100+ Million in volume. During the Social Platform soft launch phase, Tradelize users copied more than 200,000 trades and more than 5,000 posts were published.