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Dora Factory Announces Historic $DORA Airdrop to Over 1 Million ATOM Stakers in Largest MACI Voting Round Ever

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    Singapore, SIngapore, June 6th, 2024, Chainwire

     

    Dora Factory, the pioneering infrastructure of decentralized governance technology and public good funding, announces the gas fee airdrop of its native token, $DORA, to all ATOM stakers on June 5, 2024. Over one million addresses are eligible to receive $DORA token, with the airdrop campaign inviting the Cosmos community to participate in the governance of its democratic public goods funding program, the ATOM Economic Zone Quadratic Funding, on DoraHacks.io. With 1.04 million addresses whitelisted, the privacy voting round implemented by the Dora team will be the largest MACI (Minimum Anti Collusion Infrastructure) voting round ever.

    1.04 million ATOM stakers are eligible for the airdrop

    On June 5, all ATOM stakers have received $DORA tokens in their wallets. $DORA is the native token of Dora Vota, a decentralized governance application chain developed by the Dora Factory using the Cosmos SDK.

    This airdrop is one of the largest in history. With over one million addresses, Dora Factory aims to mobilize the Cosmos community, known for its passion for decentralized governance, to participate in a crucial public goods governance experiment for the community.

    Empowering Community with AEZ Funding and MACI Voting

    After receiving the airdrop, Cosmos communities can participate in the ATOM Economic Zone (AEZ) quadratic funding initiative jointly launched by DoraHacks, Dora Factory, and ATOM Accelerator DAO. They can use ATOM to vote for and donate to public goods teams they value, support early-stage developers, and determine the distribution of an 80,000 ATOM and $200,000 USDC matching pool across 10 rounds of AEZ Quadratic Funding and MACI voting. The smart contracts for this quadratic voting round are deployed on the Dora Vota network, and the community can use $DORA to cover gas fees.

    This campaign goes beyond merely distributing the reward pool to early-stage projects and essential public goods in AEZ in the first round; it is a democratic governance experiment designed to mobilize community power in supporting public goods and promising early-stage developers. The quadratic funding mechanism ensures that even small donations from community members have a substantial impact.

    MACI Voting With Enshrined Privacy

    Dora Factory invites community members to participate in MACI (Minimal Anti-Collusion Infrastructure) privacy voting, distributing a $20,000 USDC prize pool to selected teams. Unlike traditional quadratic voting, this method allows voters to express their opinions on public goods without revealing their identity (address). Addresses with more ATOM staked will receive more Voice Credits (voting power).

    Through MACI voting, Dora Factory aims to introduce cutting-edge privacy-enabled voting technology to the Cosmos community. This initiative marks the beginning of integrating secure, private, and anti-collusion technologies into a wider range of governance use cases in the future.

    Dora Factory’s Dedication

    To ensure every community member can participate in MACI voting without concerns, Dora Factory will implement Dora Vota’s native Gas Station feature to cover all voting fees for the MACI voting round. This fee subsidy represents Dora Factory’s commitment to the community outlined in Cosmos Governance Proposal 917.

    A Historical Community Governance Ceremony

    With the quadratic funding module now natively implemented on Dora Vota for the Cosmos Hub, Cosmos has the potential to become one of the largest on-chain communities that supports public goods. The first round of the two-year quadratic funding plan for the ATOM Economic Zone commencing in June 2024 has attracted numerous outstanding projects and awaits the attention and support of community members.

    The Largest Privacy-Preserving Governance Experiment

    MACI implementation is a groundbreaking step for the Cosmos community, as its first privacy voting attempt. Dora Factory has whitelisted over 1 million addresses, setting a new record for the largest whitelist, and marking the largest voting experiment in MACI’s history. The Dora Factory team is excited to invite the Cosmos community to create a historic moment collectively.

    About Dora Factory

    Dora Factory is at the forefront of decentralized governance protocol stacks, providing governance and long-term incentives for the global hacker movement, open-source communities, and decentralized organizations through Public Good Staking and Dora Vota. The platform has pioneered the development of public good staking infrastructure, revolutionizing the way developers are funded long-term in the PoS ecosystem. Additionally, Dora Vota offers a comprehensive decentralized governance platform, enabling users to create programmable governance mechanisms such as MACI and quadratic voting through its open platform. This reduces the cost of decentralized governance, laying a solid foundation for its widespread adoption.

    To better understand and try the products of Dora Factory, users can visit DoraFactory.org.

    Users can visit Dora Research Blog for more details: research.dorahacks.io

     

    Contact

    Contributor
    Chris Lee
    Dora Factory
    [email protected]

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    VCI Global Secures Additional US$30 Million Investment Commitment from Alumni Capital LP to Propel Its AI Cloud Computing Business Forward in Q2 2025

    2024-10-01T21:01:00Z

    KUALA LUMPUR, Malaysia, Oct. 01, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”) today announced a new investment commitment of US$30 million from Alumni Capital LP (“Alumni Capital”). Following an earlier investment of US$5 million from Alumni Capital, this additional US$30 million, in exchange for VCI Global common shares, will reinforce VCI Global’s strategic push into its AI cloud computing business, particularly for its planned developments in the second quarter of 2025. VCI Global retains the right, but is not obligated, to draw on this amount, providing the Company with the flexibility to access the funds as needed, while preserving the option to forgo the drawdown if other resources become available or conditions change.

    With an approved capital infusion of US$30 million, VC AI Limited (“VC.AI”), a new subsidiary of VCI Global, will be launching the AI Computing Center (AICC) in Malaysia. This computing center, equipped with 512 NVIDIA H200 Tensor Core GPUs, is estimated to rank among the top 30 globally, enabling the efficient processing of vast amounts of data at high speeds—essential for generative AI and high-performance computing applications.

    “We are confident that this US$30 million investment from Alumni Capital will significantly empower our strategic growth in AI cloud computing. It enables us to establish a world-class AICC in Malaysia, serving clients globally, especially in Southeast Asia. We are fully committed to leveraging these resources to foster innovation and advance the AI landscape,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

    About VCI Global Limited

    VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale.

    For more information on the Company, please log on to https://v-capital.co/. 

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

    CONTACT INFORMATION:

    For media queries, please contact:

    VCI Global Limited
    [email protected]


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