Hello to all the Ontology BUIDLers! From April 1st to May 31st, Ontology ecosystem will summon all multi-chain developers to experiment and build. Your significance as a voter is to contribute, aid, and support the projects with a vote, boosting BUIDLs’leaderboard ranking and allocating the $100K prize pool. Ballot a $ONG to utter a miracle!
Click here to learn more about Ontology Grant Hackathon
Join us and become a voter @DoraHacks today:https://t.me/hackerlinkvoter
Preparation
- Voting period: 5am, April 25th, 2022 - 5am June 2nd, 2022 (UTC)
- Vote via DoraHacks: https://dorahacks.io/grant/Ontology/
- Own an account with Metamask, Ledger Live, Infinity Wallet, or Encrypted Wallet.
- Make sure you have a sufficient $ONG balance in your wallet (check “How to Switch to Ontology MainNet on MetaMask?” for guidance).
- Please vote on PC (better via Metamask on Chrome). Voting via mobile may fail.
How to Switch to Ontology MainNet on MetaMask (e.g.)?
- Add Custom RPC in MetaMask
- Enter in the Ontology MainNet settings as follows:
- Network Name: Ontology MainNet
- New RPC URL(choose one to fill in):
https://dappnode1.ont.io:10339
https://dappnode2.ont.io:10339
https://dappnode3.ont.io:10339
https://dappnode4.ont.io:10339
- Chain ID: 58
- Currency Symbol: ONG
- Block Explorer URL: https://explorer.ont.io
How to Use the Ontology Bridge to Transfer ONG to MetaMask?
https://link.medium.com/NdItpCJAlpb
How to Vote?
1. Enter https://dorahacks.io/grant/ontology/ 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 ONG, so if you’re going to give 3 votes, you need to pay 1+2+3=6 ONG.
4. Click “Confirm” to finish.
5. After voting, you can check the current project ranking via the leaderboard.
6. Feel free to join the Telegram group: https://t.me/hackerlinkvoter to interact and network with other voters!
Why should YOU become a voter?
- Contribute to the Ontology ecosystem
- Incentivize blockchain builders & support entrepreneurship
- Express the relative strength of personal preferences via the Quadratic Funding mechanism
- Impact the allocation of $100K prize pool
Meet other multi-chain contributors @DoraHacks today:https://t.me/hackerlinkvoter
What’s next?
- Join us on Telegram 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 ONG
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 ONG 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?
HackerLink 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://bscscan.com/
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 $ONG 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 ONG in your wallet (scroll up to “How to Switch to Ontology 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 Voter Support at Telegram via https://t.me/hackerlinkvoter.
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. Ontology or DoraHacks aren’t responsible for any adverse consequences.
If you have any questions, please contact us on Telegram. We would like to hear more from you and let’s keep in touch!
About Ontology
Ontology is a project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.
The Ontology blockchain is a high speed, low cost public blockchain bringing decentralized identity and data solutions to Web3. Increasing privacy, transparency, and trust, the high speed, low cost, layer 2 blockchain is designed to give users and enterprises the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.
Learn More About Ontology
Please visit our Website | Telegram | Twitter | Discord.
About DoraHacks
DoraHacks is a global hackathon organizer and one of the world’s most active multi-chain Web3 developer communities. It creates a global hacker movement and provides crypto native toolkits to help developers around the world raise funding for their ideas and BUIDLs. By far, more than 2000 BUIDLs from the DoraHacks community have received over $15 million in grants and other forms of contributions from supporters worldwide, and it has around 100,000 monthly active users from 152 countries.
A large number of open source communities, DAOs, and more than 20 major blockchain ecosystems are already using Dora’s infrastructure (dorahacks.io) for quadratic funding, community contribution, hackathon, bounty distribution, and governance of their developer communities.
For more informationPlease visit our Website | Telegram｜ Twitter｜ Youtube