Each Dora Factory DAO is created by staking 100 DORA tokens on the chain. When the DAO is terminated, the staked DORA tokens will be released. Later, when the number of DAOs increases and the value of DORA changes, a fixed staking price may be required when creating a DAO.
2. Validator Staking, Mining, and Inflation
Dora Factory is primarily a POA network, which transitions to an NPoS network after being deployed on Kusama. Validators and nominators maintain the parachain by validating transactions and generating blocks. Thus, validators and nominators will receive token rewards from inflation. In addition to inflation, transaction fees will be allocated to validators and nominators, and network fees charged to users and DAOs will be proportionally distributed across all staked DORA addresses.
The inflation rate is 1,000,000 DORA per year until the vast majority of the community votes against it. Therefore, unlike Polkadot itself, this starts with linear inflation of 10% in the first year. The inflation rate decreases year by year. Of the tokens generated from inflation each year, 2% will enter the Dora Factory treasury, and the remaining inflation-generated DORA will be allocated to nominators and validators.
3. Dora Network Fees
Key modules (Pallets) can charge fees. The DAO must "burn" DORA tokens (or pay fees) to use the Pallet (there can be free modules). The network fees paid by the DAO are taxed by Dora Factory, and the tax will be distributed proportionally to all staked addresses.
4. Network Rewards
The network rewards validators, module developers, and venture creators. Validators receive rewards from inflation as well as taxes levied by the DAO. Non-validator DORA stakers will receive network tax rewards. Developers are rewarded through module revenue.
5. Dora Factory Transaction Fees
All transactions on the parachain will incur a small transaction fee, which will be distributed to nominators and validators.
6. Dora Factory Governance
Dora Factory is managed by the community of DORA holders rather than a company, with two governance bodies: the Governance DAO and the Council.
The Governance DAO is the DAO of all DORA holders.
The Governance DAO is the DAO produced by Dora Factory.
Basic knowledge of the currency circle, your mood will improve immediately after reading it
1️⃣ Trading, to put it bluntly, is a gamble, but you have to know that it is not a gamble on luck, but a gamble on your judgment and execution. You have to find a balance between the profit and loss ratio, the winning rate, and the frequency, and don't just think about making quick money.
2️⃣ Don't think that small market conditions are simple, the technical requirements are equally high. The operating space is small, the cost is high, and it is even more difficult to make money. Especially during the period of volatility, you may lose everything if you are not careful.
3️⃣ When it comes to big market conditions, it is really money blown by the wind. But you have to remember that your mentality must be stable and don't be greedy, otherwise no matter how much you earn, it may disappear overnight.
4️⃣ Want to make a lot of money? Don't just focus on technology, look at the market and the big trend. When the market fluctuates, set goals, abide by the rules, and keep a stable mentality.
5️⃣ What is the core of trading? It's not about how many times you are right, but how sure you are about this transaction. Leverage is a tool to magnify returns, but if you are not sure, don't mess around.
Is it more profitable to speculate in the short term or in the long term?
In the cryptocurrency circle, people who speculate excessively often fail, while those who only seek ordinary returns may become rich. There are generally two ways for leeks to speculate in cryptocurrencies: Short-term operation: use more funds to operate active coins, use stop-loss orders to protect principal and predict the trend of currency price fluctuations. If the prediction is right, wait and see and wait for the opportunity to sell. If it is wrong, sell at the stop-loss point.
However, when this method encounters a sudden waterfall or a fall back and misses the stop-loss point, the mentality will cause them to choose to cut their losses after being trapped, and they may repeatedly operate after the market rebounds and cause losses.
At the same time, it is also necessary to judge whether to stop loss based on different periodic trends (such as weekly and monthly lines). If the judgment is not scientific, it may lead to wrong operations.
So what is value investment: We need to consider the general direction of the currency operation, the relationship between the price and value of the currency, and have confidence in the value of the currency in the next few months.
Correct value investment should be built in batches, and not be confused by short-term gains.
Short-term and long-term investors have different perspectives and ways of thinking, and short-term investors are easily affected by the market. Emotional instability; long-term investors only need to enter the market at the relative bottom of the bull market to arrange potential coins and then patiently wait for the bull market to peak and cash out.
Retail investors in the market are influenced by the main force to form a leek mentality. When you are greedy and want to make more money in the short term, you should consider your own ability. The financial market follows the 80/20 rule. Investors who want to change their fate need to think about how to become the 20%.
In a bull market, there are more longs than shorts, and in a bear market, there are more shorts than longs. Generally, there will be no losses.
It is normal to be trapped in currency speculation, and being trapped does not mean being harvested. In the currency circle, people are often reluctant to retreat, but it is necessary to retreat at the right time and accept the cycle of gains and losses.
Whether it is short-term or long-term investment, defense (building positions in batches) is more important than offense.
How can new traders avoid losing money or lose less money?
It is basically impossible to avoid losing money. You can only make small losses and big profits. The following is my personal summary of methods to avoid large losses in trading. I hope it will be helpful to novice friends
The first one is against the trend:
The against trend is the most common problem for novice traders. The root cause is that they don’t have a good grasp of the points and stop losses, and their mentality is also very different. What is done against the trend is to pick the bottom and touch the top. It is a method with low winning rate and high profit and loss ratio. Because of the low winning rate, you must not hold the order and stop loss in time. Once you copy it, many people can’t hold it and get off the bus after a shock. As a result, it leads to a low winning rate and low profit and loss ratio. The mentality and technology are too different, which violates the original intention of the strategy of picking the bottom and touching the top.
Second, follow the trend and place heavy positions, but the positions are unclear:
In my opinion, there are only two positions for heavy positions, three buys and three sells, which are the definite positions of the trend reversal turning points. Any technical positions in the trend are useless and only suitable for light positions, because the callback and rebound in the trend are relatively large. If the heavy position stops loss, the market will most likely return to the opening position. Therefore, wait for the trend to go for a while before placing orders. 1/3 of the usual position is enough. If you can get a little, you can get a little. If you can't get a little, forget it.
Third, handling fees
Handling fees are the most easily overlooked source of losses, and they are usually not easy to detect in the dark. For example, in contract trading, the taker is 50,000 and the supporter is 20,000. Contract trading usually involves more takers. Even if one opening and one closing is counted as one supporter and one taker, the handling fee for one order from opening to closing is 70,000. If 1000u is opened 10 times, the position value is 10,000u, and the handling fee for one opening and one closing is 7u. If 1000u opens one order and loses 7u, it is only enough to open 142 times, and the handling fee will lose it all. This is still a conservative estimate. If all orders are taken, 1000u full position is only enough to open 100 orders each time with 10 times leverage, and only enough to open 50 times with 20 times. In other words, no matter how much money you have, a 10x full position is only enough to open 100 times and the principal will be lost, and 20x leverage only requires 50 orders.
If you want to make 5 million from 10,000 yuan in cryptocurrency trading, there is only one way - that is rolling positions.
When you have 5 million yuan in capital, you will find that your whole life seems to be different. Even if you don't use leverage, if you take a spot that "rises by 20%, you will have 200,000 yuan. 200,000 yuan is already the annual income ceiling for most people. And when you can make 5 million yuan from tens of thousands of yuan, you can also feel some ideas and logic of making big money. At this time, your mentality is also much calmer, and you can just copy and paste in the future. For example, rolling positions can only be operated when a big opportunity comes. You can't roll them all the time. It doesn't matter if you miss them, because you only need to roll them successfully three or four times in your life to go from 0 to tens of millions, tens of millions! It's enough for an ordinary person to advance to the ranks of the rich. Points to note for rolling positions: Enough patience, the profit of rolling positions is huge, as long as you can roll them successfully a few times, you can make at least tens of millions or hundreds of millions, so you can't roll them easily, you have to find opportunities with high certainty. Highly certain opportunities refer to sideways fluctuations after a sharp drop, and then upward breakthroughs. At this time, the probability of trending is very high. Find the point of trend reversal and get on the train at the beginning.
You need the courage and ability to become famous in one battle!
When desire exceeds ability, your suffering has already begun!
Your desire should never exceed the money you earn!
For example, if your monthly income is only 10,000 yuan, but you take out a loan to buy a 1 million yuan car and a 2 million yuan house, then you become a slave to the house and car, and you will suffer every day for paying the mortgage and car loan.
Because your ability to make money is not worthy of your enjoyment. Why did Liu Bing commit suicide in "The Way of Heaven"?
The greatest pain in life is not not making money, but making a little money, seeing the life of rich people, and then falling down again. Just like Ding Yuanying took Liu Bing to climb the edge of the well, jump classes, and feast his eyes. When he was used to driving a BMW and people around him called him "General Liu" all the time, he suddenly fell down again and could not go up again. That was so painful!
It's okay if people don't go up, but they go up and fall down again, and fall into the trough after the scenery. That's quite uncomfortable. Why do modern people suffer? Pain comes from the unrestrained increase of desire. When desire is greater than ability, it's all self-torture.
The highest state of a person is to control all your desires within the scope of what you can achieve, and don't cross the line. Success requires the right time, right place, and right people. Good results require a combination of conditions + time.
If the conditions are not met, you want to make a penny, it's greedy. If the conditions are met, it's normal for you to want to make 100 million
How should you fight for a good turnaround when you are in debt! ! !
1. Never aim too high, be down-to-earth!
Some people do get rich overnight, but I can only say that their cognition may be high, but the most important thing is that they are also lucky! If you want to make money quickly, you only need to conquer one point on the Internet. The deeper you dig, the easier it is to cash out.
2. Learning ability is very important!
You are in debt and have no capital. In an unfamiliar industry, the more eager you are to succeed, the easier it is to get stuck. The most difficult thing during the debt period is not to make money, but to overcome the anxiety of debt! Overcome the inner demons, have a strong mentality, and you will be invulnerable. ‘It’s just a few million, isn’t it? "If I don't believe you, I can't turn over." With this kind of courage, you will enter a state of crazy learning, numbness and selflessness. At that time, you will find that making money is the easiest thing in the world, unless you want to achieve a small goal quickly.
In summary, during the period of debt, overcome the inner demons, study hard, and be down-to-earth. Sooner or later, you will turn over!
The old sayings that have been passed down for thousands of years are full of wisdom:
1. A poor man does not marry a beautiful woman. If you don't believe me, ask Wu Dalang.
2. If a woman exposes her husband's shortcomings, the husband will lose his job.
3. A son does not dislike his mother's ugliness, and a dog does not dislike his poor family.
4. A man with a soft heart will not succeed, and a woman with a soft heart will suffer all her life.
5. There is no filial son in front of a long-term sick bed, and there is no virtuous wife in a long-term poor family.
6. Beyond the mountains are green mountains, and beyond the buildings are buildings. Women are gentle only when they are fat.
7. Having many children is not a blessing, and living in a broken house in old age.
8. Don't give away the fish tank at home.
9. Don't be a bridesmaid more than three times.
10. Don't talk about sex, don't mention divorce.
11. People are afraid of being famous, pigs are afraid of being strong, cows are afraid of whips, and dogs are afraid of sticks.
12. It is better to sleep at five o'clock than to eat ginseng.
13. Women, don't say men are useless.
14. Don't hit people in the face, and don't grab the bowl when eating. 15. It is better to marry a second flower than to marry a woman who has left her children.
16. A diligent person has everything, but a lazy person will be poor. 17. Don't put two pillows when you sleep. 18. If your head is not oily and your feet are not sweaty, you will be a pauper when you grow old. 19. A widow is afraid of a long night, and a bachelor is afraid of a cold bed. 20. When the sky is crazy, it will rain, and when people are crazy, there will be disasters.
21. Don't visit relatives empty-handed, and don't send gifts alone. 22. A poor family produces filial sons, but spoiled children don't make dragons. 23. If you are not deaf or dumb, you are not qualified to be the head of the family. 24. If you have bad friends and are fence-sitters, you can't be full no matter how good the food is. 25. Arrogant soldiers will be defeated, and spoiled children will be bad.
26. Don't live in someone else's house for more than three days. 27. Don't expose your navel in spring, and don't cover your head in winter. 28. A diligent person will not be poor for long, and a lazy person will not be rich for long. 29. If you have money, don't buy a shady place. If you are poor, don't live in a sunny place. 30. Don't rely on lamps when you are cold. Don't rely on relatives when you are poor.
Will the U.S. economy fall into recession in 2025? Top economists are placing their bets!
Economists believe that the strike at ports on the East Coast of the United States may bring temporary supply disruptions, but there may not be major long-term effects.
The risk of a U.S. recession appears low as the Federal Reserve begins a rate-cutting cycle, but a weak job market and rising credit defaults could pose a double threat, top U.S. economists say.
In their semi-annual forecast, the top economists of the American Bankers Association put the probability of a U.S. recession in 2025 at just 30%.
They believe that a more likely scenario is that the Fed will achieve an elusive "soft landing," in which a period of high interest rates will reduce inflation without triggering a recession.
The Fed has only managed to achieve a soft landing once or twice since World War II. Most of the time, when the Fed raises interest rates to cool an economy it deems overheated, a recession often follows.
To combat the worst outbreak of inflation in 40 years, the Fed has raised interest rates sharply in 2022 and 2023.
You can't be greedy or seek quick results when speculating in cryptocurrencies. It is a long process to accumulate wealth through cryptocurrencies. It is easy to lose your mind if you blindly pursue profits. Only by pursuing the stable growth of wealth can you balance risks and profits.
Comprehend these 8 points carefully:
1. It is greedy to cover your position and seek capital preservation. It is greedy to seek profits.
2. When the water surface is calm, there will be a big wave.
3. After a big rise, there must be a correction. The K-line draws a triangle for many days.
4. Buy Yin instead of Yang, sell Yang instead of Yin, and move against the market to be a hero.
5. Don't sell if it doesn't go high, don't buy if it doesn't dive, and don't trade if it goes sideways.
6. Look at the pressure level in the upward trend and the support level in the downward trend.
7. It is a taboo to operate with a full position. It is not advisable to act alone. You must know when to stop when it changes unpredictably. You should enter and exit freely and observe the opportunity.
8. Cryptocurrency speculation is about mentality. Greed and fear are great harms. You should be cautious when chasing ups and downs, and be calm and at ease.
What impact will the People's Bank of China's reduction of the deposit reserve ratio of financial institutions have on the cryptocurrency industry?
The impact of the People's Bank of China's reduction of the deposit reserve ratio of financial institutions on the cryptocurrency industry is mainly reflected in the following aspects:
1. Indirect impact on the capital side:
- Increased possibility of potential capital inflows: After the reserve ratio reduction, the funds available to financial institutions increase, and the capital side of the banking system becomes more relaxed.
- Impact on investors' expectations of the cryptocurrency industry: The reserve ratio reduction is usually regarded as a signal of macroeconomic policy easing, which will increase investors' confidence in the overall financial market.
2. Changes in market competition and investment options:
- Intensified competition with traditional investments: After the reserve ratio reduction, the cost of funds in the traditional financial market has decreased, and the difficulty of corporate financing has decreased, which may prompt some investors who originally focused on the cryptocurrency industry to re-examine opportunities in the traditional investment field.
- Impact on investors' asset allocation strategies: When investors make asset allocations, they will choose according to the risk and return characteristics of different asset categories. After the reserve ratio reduction, the overall environment of the financial market has changed, and investors' asset allocation strategies may also be adjusted accordingly.
3. Changes in the industry development environment:
- Regulatory attention may be strengthened: Adjustments to macroeconomic policies such as reserve requirement ratio cuts may cause regulatory authorities to pay further attention to the financial market, including emerging financial fields such as the cryptocurrency circle.
- Promote the development of blockchain technology: The People's Bank of China's reduction of deposit reserve requirements is a regulatory measure for the macroeconomy, which may stimulate economic development to a certain extent, and thus provide a broader space for the application of blockchain technology. Blockchain technology is the underlying technology of digital currency. With the continuous development of blockchain technology and the continuous expansion of application scenarios, the cryptocurrency circle may also benefit from the advancement of related technologies and attract more investors and capital attention.
Overall, the impact of the People's Bank of China's reduction of financial institutions' deposit reserve requirements on the cryptocurrency circle is complex. It may bring in capital inflows and improve market sentiment, but it may also face challenges such as intensified competition with traditional financial markets and strengthened supervision.
CZ still has three days before he is released from prison, and major challenges have already emerged!!!
Lin Group of the United States announced that it will fully enter the Web3 field and plans to establish a compliant blockchain trading platform
At the 6th Kuala Lumpur Expo, Mr. Lin Jianzhong, Chairman of the Board of Directors of Lin Group of the United States, announced that the group will create a compliant blockchain trading platform through its Greater East Asia Bank and officially enter the Web3, Metaverse and AI fields.
Mr. Lin Jianzhong said: "Blockchain technology and its derived Web3 ecology will bring revolutionary changes to the traditional financial industry."
Lin Group of the United States will use the RWA (real asset tokenization) of hotel assets to establish an innovation fund to incubate 3A-level Web3 chain game projects such as Infinitar and RuneSoul, and further expand into new financial fields to achieve asset securitization and global listing.