It's Harmony season! Having the honour to host Harmony Grant Hackathon R2, DoraHacks is ready to assist the ecosystem to bring new blood to the board with $150,000 rewards lying in the pool. Not to forget mentioning that our most significant contributor - voter, should as always, strategize your privilege to voice non-biasly, and support your favourite BUIDLs by vote-boosting!
Click here to learn more about Harmony Grant Hackathon Round-2
Join us and become a voter @DoraHacks today: https://discord.gg/AbgwK8b8A8
Preparation
- Voting period: April 18th to June 11th, 2022
- Vote via DoraHacks: https://dorahacks.io/grant/harmony2/detail
- Own an account with Metamask, Ledger Live, Infinity Wallet, or Encrypted Wallet.
- Make sure you have a sufficient ONE balance in your wallet (check “How to Switch to Harmony Mainnet on MetaMask (e.g.)?” for guidance).
- Please vote on PC (better via Metamask on Chrome). Voting via mobile may fail.
How to Vote?
1. Enter https://dorahacks.io/grant/harmony2/detail to view participating BUIDLs.
2. Click “Vote” to support and choose your wallet. A pop-up notification will appear on your wallet and ask for authorization. Click “Switch network” (If the initialization process is stuck, refresh and reconnect).
3. Once the wallet is connected (the wallet address should appear in the voting interface), key the amount you want to vote and click “Confirm” on your wallet. The Nth vote will cost N*1 ONE, so if you’re going to give 3 votes, you need to pay 1+2+3=6 ONE.
4. Click “Confirm” to finish.
5. After voting, you can check the current project ranking via the leaderboard.
6. Feel free to join the Discord: https://discord.gg/AbgwK8b8A8 to interact and network with other voters!
Why should YOU become a voter?
- Contribute to the Harmony ecosystem
- Incentivize blockchain builders & support entrepreneurship
- Express the relative strength of personal preferences via the Quadratic Funding mechanism
- Impact the allocation of $150K prize pool
Meet other multi-chain contributors @DoraHacks today: https://discord.gg/AbgwK8b8A8
What’s next?
- Join us on Discord for future updates.
- Follow Dorahacks on Twitter and Youtube to re-watch previous hackathons, or receive DoraHacks news, new video uploads, premieres, and live streams on Hackathon workshops and project demo sessions.
Let’s level up your voting profile!
What is Quadratic Funding? How does it work?
Quadratic Voting is a voting scheme introduced and often discussed in the Radical Markets community. It is often considered an innovative improvement of the traditional 1-person-1-vote or 1-dollar-1-vote voting schemes. The simplified formula on how quadratic voting functions is:
Cost to the voter = 1+2+3+…+ number of votes ONE
With such a mechanism, community contributors can vote for their favourite projects and emphasize their preferences through multiple votes. Along with the increased contribution each round, of course.
How would this affect project incentives? Popularity, which is embedded in this mechanism and consists of the total number of votes driving the top project with the most allocated prize. Plus, the accumulated ONE will go directly to the respective project after each round.
Interested to know more about quadratic funding? You can check the Quadratic Funding Algorithm by Vitalik Buterin, or the Quadratic Funding V2 Protocol by Eric Zhang.
For the Chinese version, please view it here.
Frequently Asked Question
0. What if I encounter problems during the voting process?
DoraHacks provides voter support in Telegram, join us here.
1. Can I see my voting history?
Voting history is unavailable for voters at the moment. But builders are able to view your address at the end of the hackathon.
However, if you would like to verify the validity of your votes, you are able to view your voting history via block explorer. In this case, you can verify via https://explorer.harmony.one/
2. Can I use bots to mass vote for some project?
Absolutely don’t do this. Botting and other ways of cheating will be detected by our anti-Sybil attack mechanism, which is why a grace period (3-5 days) is being issued for such a purpose. Please keep in mind that botting will NOT grant your supported projects in any stance of superiority nor impact the prize pool distribution in your favour.
3. Can the project with more votes get a bigger share of the prize pool?
According to the Quadratic Funding mechanism, popularity is the basis of the distribution of the prize pool. If a project is supported by more VOTERS (rather than votes), it will receive more prizes by the end.
For e.g, A project with 10 votes from 10 voters will be prized more than a project with 10 votes from fewer voters.
4. Who receives the $ONE I paid for?
The votes (or we call “donations”) will go directly to the projects.
5. Why can’t I vote?
Invalid voting may occur for multiple reasons, please ensure that you:
- Own a sufficient amount of ONE in your wallet (scroll up to “How to Switch to Harmony Mainnet on MetaMask? (e.g.)?” for guidance).
- Connected to DoraHacks: you should be notified with a pop-up page on your wallet that asks for authorization to connect with DoraHacks. Once you authorized the action, your account number should appear in the voting interface.
If the problem still can’t be resolved, please contact us on Discord https://discord.gg/AbgwK8b8A8
How to Switch to Harmony Mainnet on MetaMask (e.g.)?
- Add Custom RPC in MetaMask
- Enter in the Harmony Mainnet settings as follows:
- Network Name: Harmony Mainnet
- New RPC URL: https://api.harmony.one
- Chain ID: 1666600000
- Currency Symbol: ONE
- Block Explorer URL: https://explorer.harmony.one/
- View here if you need more guidance
Risk Notifications
Please note that the generated smart contracts from DoraHacks will arrange and transfer the donated fund, to conduct quadratic funding algorithms, and distribute contribution funds to the projects of which the voting results in favour. The website cannot guarantee the authenticity, legality and validity of the project, though admins will contact the projects to verify the validity with their best effort. Be aware of the risks and vote rationally. Harmony or DoraHacks aren’t responsible for any adverse consequences.
If you have any questions, please contact us on Discord. We would like to hear more from you and let’s keep in touch!
About Harmony
Harmony is your open platform for assets, collectibles, identity, governance. Their mainnet runs Ethereum applications with 2-second transaction finality and 1000 times lower fees. Secure bridges offer cross-chain asset transfers with Ethereum, Binance and 3 other chains.
Build on Harmony, run on all chains. Be the ONE to bridge to all blockchains.
About DoraHacks
DoraHacks is a global hackathon organizer and one of the world's most active multi-chain Web3 developer communities. As a leader in the global hacker movement, Dora provides crypto-native toolkits to help developers around the world raise funding for their ideas and BUIDLs. 30+ major blockchain ecosystems have already adopted Dora's infrastructure (dorahacks.io / dorafactory.org) for quadratic funding, community contribution, hackathon, bounty distribution, and governance of their developer communities. By far, 2200 projects in the DoraHacks community have received over $20 million in grants and contributions from supporters worldwide.