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district0x – Paving a new path into a decentralized network of districts

The creation of Etheruem was amazing, it’s a great cryptocurrency, but it’s missing a few essential things, decentralized communities and markets are one such, and that’s what district0x intends to solve!

Put simply, what is district0x?

district0x is a protocol that allows anyone to create a ‘district’, which can be anything from a market where people can buy and sell items to niche communities that talk about certain hobbies. Easy, fast, secure, and decentralized.

‘Out Of The Box’ Use Cases

District’s team knows just how powerful their product is, and so they already have quite a few use cases up front;

  • ENS Bazaar: The ENS bazaar is a district that allows the creation of a ‘peer-to-peer marketplace for the exchange of names registered via the Ethereum Name Service’, minimising the risk of hacks and reducing a single point of failure (decentralized),
  • ETHLance: Proposed to be the first ever district created on district0x, ETHLance is the ‘decentralized’ version of Freelancer, allowing anyone to work in exchange for Ethereum.
Learning Curve

Of course, experienced developers can build upon district0x, essentially creating whatever they desire, but it’s not just for them.

Even a person with no programming experience can still interact with the district network, creating communities, marketplaces, p2p centres and so on.

It’s also highly likely there will be many tutorials to come to help beginners start creating amazing things atop of the network.

Aragon Governance, IPFS File storage, and customisable Ethereum smart contracts

The best way to think about how a district operates is;

  • Aragon acting as the ‘backend’ of the district, in which all governance and decision-making processes will take place,
  • IPFS (Interplanetary File System) to store the district on a peer to peer network rather than a centralised server,
  • Customisable district-specific ethereum based smart contracts to help customise the district and allow it to run on the ETH network.

district0x’s Roadmap

Roadmap subject to change, image credit to district0x.

district0x's roadmap
district0x’s roadmap

ICO Overview

Tokens for sale

The district team will mint 1,000,000,000 DNT tokens through a genesis smart contract.

Contribution Period V0.1 Start & End Date

The first contribution Period will run through from July 18th, 2017 – August 1st or 48 hours after a soft cap is reached (soft cap is set to 10 million USD).

180,000,000 DNT Tokens will be reserved if the team feels the need for a second and third funding phase (140,000,000;40,000,000), and will only happen after key development milestones have been reached.

Founders Award

The district founding team will keep 200,000,000 DNT tokens vested for 2 years.

district0x's team
district0x’s founding team
Advisors Award

15,000,000 DNT tokens will be awarded to advisors, which will also be vested over the course of 2 years.

district0x's advisors
district0x’s advisors
Early Contributors Reward

5,000,000 DNT tokens will be reserved for early contributors vested over the course of 6 months.

Token Distribution
Token Distribution

Team Overview

It’s resounding to see that districts team is filled with open and experienced people who have a strong background with cryptocurrencies and have a dream to bring district0x to reality.

Considering you made it this far I’m assuming you’re interested in the project if so, click here to read district0x’s Whitepaper which will go into much more depth than what we can cover in a blog post that is readable in 5 minutes.

district0x’s ICO is starting soon, we wish the team good luck from the bottom of our hearts!

Useful Quick Links:

district0x’s Whitepaper

Github Repo

Bitcointalk ANN Link

Slack chat link

district0x’s explainer video

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