Coinversation partners with Dora Factory for On-Chain Governance

We are delighted to announce that Coinversation Protocol is to partner with Dora Factory. Through this cooperation, Coinversation will establish a basic governance mechanism for the community based on Dora Factory’s DAO-as-a-Service.

On-chain governance is very important for synthetic asset agreements and decentralized transactions. An efficient community governance mechanism, like DAO can make higher asset utilization, faster protocol iteration rate and higher quality.

“We are very happy to be able to use the on-chain governance mechanism on Dora Factory, such as quadratic funding, to meet the needs of our community in governance, fundraising, and collaboration.” Lin Chen, Co-Founder of Coinversation.

About Coinversation

Coinversation Protocol is the first synthetic asset issuance protocol and decentralised contract trading exchange based on the Polkadot contract chain. It uses the token CTO issued by Coinversation Protocol and Polkadot(DOT) as collateral, and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles. The assets minted by all the users correspond to the liabilities of the entire system, and the proportion of each user’s liabilities has been determined at the time of forging, so that their respective profits can be calculated. Because such a collateral pool model does not require a counterparty, it perfectly solves the problems of liquidity and transaction depth in decentralised exchange(DEX).

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About Dora Factory

Dora Factory is a DAO-as-a-Service infrastructure for on-chain governance and open-source ventures. It offers key pallets such as quadratic funding, curve auction, on-chain voting and incentive mechanisms to support open source blockchain ventures from global developer community and decentralized organizations in general.

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