district0x

Overview of district0x

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District0x seems to be a great project to participate in, with a strong creative team of developers working to create a system that will prove useful to those around the world who wish to see a more decentralized web.

district0x seeks to enable the recreation of many of the internet’s most popular applications and services while eliminating rent-seeking and the relinquishment of decisions and personal data to third-parties.

District0x currently has 3 operating DAOs on its network, including decentralized marketplaces for freelance jobs, NFT design applications and an Ethereum domain name marketplace. 

District0x was created to be free of third-party interference, and the development team is in favor of allowing internet citizens to build and launch whatever they need on the network.

District0x is developing a massive peer-to-peer marketplace by uniting the technology of Ethereum smart contracts, IPFS’s distributed network, and Aragon’s DAO governance platform.

district0x has a plan for the next two years — which is encouraging for its proponents, as it indicates the platform is in it for the long haul, despite poor market performance.

District0x is by far the winner from the Coinbase listing after a 150% price spike from a low of $0.0086 to a peak of $0.0214 and still currently trading at $0.0181.

district0x price Index provides the latest DNT price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

District0x held its ICO in July 2017, raising roughly $9 million by selling 600 million DNT tokens at a price of $0.0168 each.

Blockchain

Lastly, IPFS is used for serving the district0x website source code and for user uploads within districts.The Ethereum blockchain is used for hosting districts, whereas Aragon is used as the governance layer for the district0x network, allowing DNT stakers to benefit from governance rights and help shape the development and operation of their chosen districts.

Mine

district0x aims to solve this problem through the creation of online districts that serve as decentralized, autonomous organizations (DAOs).Districts are built on open standards and don’t rely upon a centralized decision-maker to remain operational.Districts are censorship resistant, persistent, and permanent.Essentially, only a few leaders at the top (i.e.executives or board of directors) usually make important decisions on fee structures, usage guidelines, and even the UI/UX of sites.The opinions of the users that rely on Web 2.0 online platforms on a daily basis are oftentimes neglected altogether.This means they will always be accessible to users, and data will never go away.With district0x, each individual can vote with DNT to determine how districts will function.

Network

All districts will be built upon a standard open-source framework, d0xINFRA.Districts exist as decentralized autonomous organizations on the district0x Network.Modeled after the Ethlance stack, the d0xINFRA framework is comprised of Ethereum smart contracts and front-end libraries.The district0x Network is a collective of marketplaces and communities, which we refer to as districts.To provide all internet citizens with an opportunity to freely join and contribute to any district, to align incentives across all of a district’s participants, and to implement coordinated decision-making mechanisms to the district0x Network, they introduce the district0x Network Token.

Support

DNT is now listed on Ethex, a decentralized exchange that only lists useful tokens.If you’re part of a project that’s interested in listing your token on Ethex, feel free to fill out our submission form.We’re proud to support district0x’s mission to launch decentralized marketplaces and communities.

Transactions

District0x is a network that serves as a group of decentralized communities and marketplaces called districts.District0x is made possible by Aragon, Ethereum and IPFS and joins a growing list of platforms designed to facilitate transactions and more.He also devotes time to exploring decentralized business models, along with symbolic governance structures.Joe Urgo is the co-founder and responsible for the operations, he is also the founder and CEO of Sourcerers.io.The other members of the team also have impressive experiences, including co-founders of technology companies.This allows you to create your own decent local market places and communities on the blockchain with the help of Ethereum smart contracts, everyone can implement a district in the network for free.

#5: How is district0x different from other cryptos?

The cryptocoin, district0x, differs from most coins in its underlying concept and the architecture it is built on.The concept of interconnected districts and marketplaces promises a novel structure to the modern economies.What a lot of users are missing out on is the fact that it is a staking mechanism and not just a voting token.Staking is basically the process of mining the PoS (proof of stake) coins.Early investors will be able to lock their tokens to a specific district on the network, thus being able to participate in its governance later.

Can a district implement their own token?

Yes, there are scenarios where a district can create its own token to provide some additional utility outside of governance purposes.Many projects that have submitted a proposal in our Github have already created a token that provides market specific utility.

How do I buy district0x?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including district0x.

How does a project become part of the network?

The district0x token holders themselves decide whether a district is good or bad for the network through the District Registry, an incentivized voting game that dictates access to the network.Whether a district is good or bad not only applies in terms of the quality of the marketplace, but also prevents against districts that are deemed immoral or threatening to the entire network by DNT holders.This will be entirely up to the DNT token holders to decide.

How Does Bloom Fit In?

One of the distinguishing features of the Bloom Protocol is the ability for anyone, anywhere to generate a globally accessible identity and credit score.Bloom can generate these ID’s and scores even for people without access to traditional lending products or banks.

How does the DNT staking mechanism work?

A refundable deposit of DNT can be deposited to a district’s corresponding Aragon entity.By doing so, an individual is granted voting rights in the form of tokens that can only be used within that specific Aragon entity.An individual can then use those tokens to propose and vote on anything ranging from a district’s branding and design decisions, to what functionality is added via auxiliary modules, to the appropriate settings for any adjustable parameters of these modules, to the means in which any revenue collected by a district is to be distributed, and beyond.

How Is the district0x Network Secured?

DNT is an ERC-20 token.As such, it is secured by the underlying Ethereum blockchain.As of January 2021, this uses a proof-of-work (PoW) consensus mechanism to ensure the network is secured against attacks.

How Many district0x (DNT) Coins Are There in Circulation?

As of January 2021, at least 600 million DNT tokens were in circulation, representing 60% of the fixed maximum supply of 1 billion DNT.

How Many district0x Coins Are There?

There are currently 600,000,000 district0x coins circulating out of a max supply of 1,000,000,000.

How Much Did district0x Raise?

The district0x ICO (initial coin offering) raised $9,000,000 USD at a price of $0.02 USD.The district0x ICO began on July 18, 2017 and ended on August 01, 2017.Key team members during the district0x ICO included Matus Lestan, Joe Urgo, and Alexander Khoriaty.

How will district governance work?

When a marketplace is created on the district0x Network, a corresponding Aragon entity will be created, where all of the marketplace’s governance processes will occur.To facilitate open participation in these governance processes for all internet citizens, DNT allows holders to stake their tokens to a district in exchange for voting shares in its Aragon entity.Voting shares will be used to come to consensus on everything from a district’s code of conduct, to the ways in which they choose to monetize, to how any revenue generated is utilized or distributed.

Is District0x a Good Investment?

Historically, District0x has been a good investment, appreciating over 16 times in value since its ICO in 2017.However, for DNT tokens to have intrinsic value, the platform needs to attract new users.If District0x can provide a better alternative to centralized marketplaces and grow its user base, then DNT tokens may be a good investment.

Is there a fee to create a district or become part of the network?

No, there is no fee planned to create a district or join the network.However, joining the network will require a refundable deposit to the District Registry.This deposit may be challenged and forfeited in the event that the district is considered malicious or does not add value in the eyes of the network participants.

What are auxiliary modules?

An auxiliary module is a piece of software that can be added to a district that extends functionality or adds new features that the marketplace participants can utilize.Auxiliary modules are intended to facilitate the modular and extensible nature of the network, allowing each district and its participants to elect the functionality that district offers.

What Are district0x Network Tokens?

The district0x Network Token, DNT, is a token for staking.It will allow participants of a district to be involved in decision-making processes.DNTs are used to join a district and participate in governing it.The number of district0x Network Tokens a participant stakes in a district directly corresponds to his or her voting rights within the district.These voting rights are used to participate in all decisions of the district.Decisions can include branding, code of conduct, which auxiliary modules are used, how fees are collected, and more.

What are Districts?

Each community or marketplace created within District0x is considered a district and they work in as a completely autonomous and decentralized organization within the District0x network.Each individual district can do its own invoicing and payments, has its own ranking and reputations, and is capable of posting and listing as well as searching and filtering.

What are districts?

Districts are marketplaces and communities that exist as decentralized autonomous organizations on the district0x Network.All internet citizens will be able to deploy districts to the network free of charge, forever.

What are districts?

Districts are the decentralized community marketplaces that utilize the d0xINFRA framework.They are managed by a governance layer provided by the Aragon network, operating through Ethereum smart contracts and our standardized front-end libraries (d0xINFRA).

What coins are similar to district0x?

The following coins use district0x’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, Maker, FTX Token, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.

What Districts Exist?

At the moment, one district is fully launched with others under development.Ethlance was launched in January of 2017.This is a job market which is decentralized just like other districts will be in the future.Ethlance aims to provide listings for those in search of all types of jobs, ranging from steady careers to freelancing opportunities.This first district will operate continuously forever.

What Districts have been Created?

There are three districts that have been created so far, and there are others under development, but no mention yet of what those might be.The District0x roadmap specifies a total of 8 districts created before the next level of the platform is released.

What do you think about the district0x today?

Let us know by clicking the given button.

What hashing algorithm does district0x use?

district0x is a coin that uses the ETH Token algorithm.

What is d0xINFRA?

d0xINFRA is a standard open source framework comprised of Ethereum smart contracts and front-end libraries.With the development of Name Bazaar and Meme Factory, the district0x team is building the initial iteration of d0xINFRA, which will allow other development teams to launch their very own district.

What Is District0x (DNT)?

Billed as a "network of decentralized markets and communities," district0x is a platform that allows users to easily launch their own decentralized platforms which are governed by a decentralized autonomous organization (DAO) structure.

What Is district0x's Price Today?

district0x (DNT) is trading at $0.30693 USD, decreasing by -6.97% since yesterday.district0x has traded $25,906,105 USD in the last 24 hours.

What is District0x?

District0x is a program built on Ethereum’s blockchain.The Ethereum network allows developers to create smart contracts to create their own programs, such as District0x.Smart contracts are just code uploaded to the blockchain.What makes smart contracts special is their ability to hold money in escrow without a 3rd party.

What is District0x?

District0x is a network of decentralized marketplaces.Projects like Bloom can create, operate, and govern.Powered by Ethereum, Aragon, and IPFS.We share a similar stack in Bloom as Bloom is also developed on Ethereum, Aragon and IPFS.

What Is District0x?

District0x is a network of decentralized markets and communities districts.They have the following functionalities: posting & listing, search & filtering, ranking & reputation, payments & invoicing.

What is District0x?

District0x is an interesting project that is working to create decentralized marketplaces and communities online, which they are calling districts.It is based on Ethereum IPFS and Aragon, and uses a number of technologies and platforms to facilitate user transactions.

What is district0x?

A network of decentralized markets and communities.Create, operate, and govern.Powered by Ethereum, Aragon, and IPFS.

What is district0x?

A network of decentralized markets and communities.Create, operate, and govern.Powered by Ethereum, Aragon, and IPFS.

What is District0x?

A network of decentralized markets and communities that exist as decentralized autonomous organizations.

What is district0x?

The district0x network is a collective of decentralized marketplaces and communities known as ‘Districts’.Districts exist on top of a modular framework of Ethereum smart contracts and frontend libraries referred to as d0xINFRA.

What is district0x?

District0x Network is a collective of decentralized marketplaces and communities, hereafter referred to as districts.Districts exist as decentralized autonomous organizations on the district0x Network, built upon a standard open source framework comprised of Ethereum smart contracts and front-end libraries, hereafter referred to as d0xINFRA.d0xINFRA provides districts with the core functionalities required to operate an online market or community.The district0x Network Token can be used to signal what districts should be built and deployed by the district0x Project team and can be staked to gain access to voting rights in any district on the district0x Network.

What Is district0x?

district0x is a blockchain project that is creating a connected network of user governed marketplaces, with all the governance features in place to allow third-party expansion of the network.More information about the project’s mission, vision, and values can be found here.

What is district0x?

District0x is a network of marketplaces and communities (districts).

What is DNT?

DNT is the native token to the District0x platform.It’s an ERC-20 token, meaning that it operates on Ethereum’s network.The token is primarily used for governance.Because the marketplaces are run by the members, there needs to be a way for the members to vote on proposals –– this is where DNT comes in.Members can vote on proposals proportional to their DNT holdings, similarly to a stock that has voting shares.

What is the District Network Token?

The district0x Network Token is an Ethereum-based token built using the ERC20 standard.This token was created to facilitate participation and coordination in the development of the district0x Network, and eventually the handoff of network governance to the community.

What is the District Registry?

The District Registry is based on an incentivized voting game developed by the Token-Curated Registry team at Consensys.At its core, a Token-Curated Registry (TCR) allows for a community of token holders to curate a list for a number of different purposes.Those purposes could include anything from access to a “clean pool” of resources, a guest list, content curation, fraud prevention, among many other uses that increase the quality of anything entering a list.This is accomplished through a deposit, challenge, vote and reveal process.The specific purpose of the District Registry is to democratize many of the decision making and governance processes to DNT holders.You can learn more about TCRs here.

What is the DNT cryptocurrency used for?

district0x is a decentralized network of marketplaces.Each community, which is called “District”, operates on the Ethereum network and uses the libraries named d0xINFRA.

What is the Reddit page for district0x?

The official Reddit community (subreddit) for district0x is r/district0x.

What is the total supply of district0x Network Tokens?

A total of 1 billion tokens were minted by the district0x Genesis Contract.600 million DNT were distributed to fundraiser participants during the initial contribution period which ended on August 1, 2017.180 million DNT are held in reserve for possible future fundraisers.198 million DNT are held by district0x founders, and are subject to a 2 year vesting schedule.The remaining 22 million DNT are reserved for advisors and the community rewards program.

What is the value of district0x?

One district0x (DNT) is currently worth $0.31 on major cryptocurrency exchanges.You can also exchange one district0x for 0.00000568 bitcoin(s) on major exchanges.The value (or market capitalization) of all available district0x in U.S.dollars is $184.16 million.

What is the value proposition of DNT?

The district0x Network Token is a multi-utility token required for application to the District Registry, an incentivized voting game to dictate access to a suite of supplementary services exclusive to network members.It’s also used to signal support or disapproval for proposals made by network participants, and will be staked to deposit pools to mint tokens providing district-specific voting rights in corresponding Aragon entities.The inherent value to any given person will differ depending on the extent of their desire to participate in the network as well as the mechanisms outlined in our whitepaper.

What kind of project could implement a district?

We envision virtually any type of communal marketplace being built as a district.If the project requires the ability to post listings, search/filter through listings, rank or give reputation to users, and/or allow for payments; then they should be a good fit for a district.A current list of district proposals can be found here.

What Makes District0x Unique?

District0x is built to tackle some of the inefficiencies that come with creating and operating distributed community marketplaces.

What Other Developments Will district0x Include?

The district0x Project Team has released a detailed road map explaining how it plans to progress.The first step involves releasing the final draft of its white paper and conducting three external audits of its district0x Contract.White Paper v0.2 was already released on July 17, 2017, indicating progress in this step.

What Powers District0x?

Distric0x is powered by a combination of Ethereum, IPFS and Aragon.Ethereum gives smart contract functionality as described above.IPFS provides security and file storage, as well as ease of access for all district users.And Aragon provides governance for the entire system.

What Problem Does district0x Aim to Solve?

The concept of online marketplaces and communities is well-established.Companies like Amazon, eBay, and Etsy are all examples of major e-commerce marketplaces with large userbases.Task-based marketplaces like Upwork, Fivver, and TopTal have become popular for freelancers and companies from around the globe.However, with these platforms, users typically don’t have a true voice in determining the future direction of how platforms should operate.If these companies ever go away one day, the user data, reputation, and identity established by each individual user goes away too.

What problem does district0x solve?

The district0x network solves a number of coordination issues and inefficiencies commonly found within distributed community marketplaces.This is accomplished by providing tools that can better align incentives and decision making among the market participants themselves.The end goal is to create a self sustaining ecosystem that can flourish without the need for a central authority.

What Should We Build Next?

We encourage and incentivize the submission of marketplace ideas via an open community proposal process.The district0x Network Token allows holders to signal for what markets they would like to see the district0x team build and deploy to the network next.

What will districts look like?

Districts will be able to look completely unique from one another.We primarily design libraries so they don’t dictate the visual side of things, but there will also be layers on top of that with pre-made, customizable components for optional use.We’ll be using those components in our districts.Currently we’ve chosen the Material Design style for these components, as can be seen on Ethlance.This may change over time if a better solution presents itself.

What will the first district on the district0x network be?

Ethlance is the first launched district, and was deployed to the Ethereum Mainnet on January 29, 2017.This was followed by Name Bazaar, deployed to the Ethereum Mainnet on October 24th, 2017.In the future, we will build and deploy Meme Factory.The fourth district to be built on the network is currently being decided by token holders on the district0x Voting dApp.

What Will Web Summit 2020 Look Like?

Markets data, Analysis, Interviews.NYSE and NASDAQ stocks, cryptocurrencies, indices, commodities, real-time news.

When was the network fundraiser?

The fundraiser began on 7/18/2017 and ran through 08/1/2017.

Where can I find a development roadmap?

Visit our blog for the most up to date information regarding our roadmap, and view our blog posts for announcements and development updates.

Where can I get district0x wallet?

district0x produces its own wallet software that is available for download on its website, which allows you to store district0x on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

Where can one store DNT coins?

One can use various wallets like myetherwallet.com to store the district0x (DNT) coins.Coinbase, Blockchain, Exodus, Ledger Wallet are also wallets that support the district0x cryptocoin.

Who Are the Founders of District0x?

District0x was founded in February 2017 by Joe Urgo and Matus Lestan.

Who can Create Districts?

The District0x team is the only ones who can create districts right now, but future plans are for the launch of a platform that anyone can use to create new districts on the network.There is no timeframe yet for the launch of this platform, but it is meant to be a part of V0.3 after the Contribution period takes place.

Who Does This Serve?

The marketplace is a two sided marketplace, allowing both funders and borrowers to participate in a fair ecosystem.

Who gets voting rights in a district?

The creator of the district has voting rights initially.As a result, they could set their bylaws so they retain complete control over the district.However, this would be disadvantageous for them if trying to develop a large and active district.But in some cases, it may be preferable.

Who Powers district0x?

As mentioned earlier, district0x is powered by Aragon, IPFS, and Ethereum.IPFS is responsible for the file storage, providing security and easy access for those in every district.The d0xINFRA framework that provides the basis for each district uses Ethereum resources as previously described.The entire system is governed by Aragon.

Why can’t spend DNT in a district?

We will never enforce the use of DNT for payments on the platform, we intend to allow for payment not only in ETH, but any other ERC20 by leveraging the 0x Protocol.For some background on the logic for this, refer to our blog post about the 0x integration.

Why Peer-to-Peer? Why Decentralized?

In markets with political instability and markets where access to bank funding is weak, dangerous predatory lending thrives.As borrowers have few alternatives, a four month loan may cost triple the amount borrowed.A delay in payment will often result in threats, attacks and robbery for victims.

Why should a project utilize d0xINFRA?

If a project implements the d0xINFRA framework, it will ensure compatibility with all future auxiliary modules on the marketplace layer as well as any apps/modules deployed to the Aragon governance layer.This modular standardization will ensure all marketplaces on the network can remain nimble, flexible to change and seamlessly co-operate in the most efficient way possible.

Why the name district0x?

The name district0x is derived from two things.”Districts” are the marketplaces and communities that serve as building blocks of the network.”0x” is an homage to the Ethereum network as the first two symbols that make up all Ethereum addresses.The “0x” prefix is used throughout computer science as the beginning of hash values.

Will Others Be Able to Create Districts?

At the moment, only the district0x Project Team can create districts, but this will change in the near future.After ironing out final details, the developers will launch a district creation platform.Once this platform is released, anyone on the internet can quickly create their own district to be part of the district0x Network.

Will staking DNT to a district provide passive rewards similar to proof of stake?

Unlike “proof of stake” and other reward based staking schemes, DNT does not provide a direct reward when staking your DNT to a district.These types of incentive structures would be up to governance participants proposing and voting for changes within an individual district’s Aragon entity.

Will there be a lockup period for tokens allocated to the founding team?

Tokens distributed to founders, early contributors, and advisors vest are subject to a vesting schedule.Founder and advisor tokens are allocated over a 24-month vesting period, with a 6-month cliff.Early contributor tokens are allocated over a 6-month vesting period, with a 3-month cliff.

History of district0x