Dora Factory Begins Token Migration to Mainnet DORA Token

Dora Factory's Token Migration: What You Need to Know

Dora Factory, a leader in decentralized governance infrastructure, has announced the official start of the token migration process for its Dora Vota ash application chain network. This crucial step marks the transition of the Dora Vota ash network into the Dora Vota mainnet, set to take place tomorrow. The new mainnet will introduce the primary DORA token, shifting from the current Ethereum ERC-20 DORA tokens, which will no longer be supported.

Understanding the Token Migration Process

The migration is designed to enhance the functionality of the Dora Vota ecosystem while promoting decentralized governance. Here’s a summary of what users need to know:

Migration Timing: The token migration process will officially commence on September 22, 2023.
Mainnet Token: The primary DORA token will become the backbone of the new Dora Vota mainnet.
ERC-20 Token Support: The existing Ethereum ERC-20 DORA tokens will no longer be supported following the transition.
Migration System: An open-source token migration system will be introduced simultaneously, allowing on-chain users to facilitate the migration seamlessly.

Implications for Users

Users engaging with the DORA tokens should be aware that centralized exchanges will halt DORA token deposits starting at 11:00 AM Singapore time (UTC+8) on September 22, 2023. This temporary measure is crucial for ensuring that the integration of the Dora Vota mainnet is completed across all exchanges without any interruptions.

Next Steps for Token Holders

For current holders of DORA tokens, it’s essential to prepare for this transition:

Stay informed by following official announcements from the Dora Factory team regarding the migration.
Be ready to use the open-source migration system once it is announced.
Plan your DORA token transactions around the migration timeline to avoid potential losses.

Conclusion

The transition to the Dora Vota mainnet is a significant step for the Dora Factory ecosystem, heralding new opportunities for decentralized governance. Token holders should remain vigilant and prepared for the upcoming changes to ensure a smooth migration experience.

For further details about the migration, please visit the official Dora Factory website and stay updated with their social media channels.