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district0x

DNT

  • Social
Established Year
2017
Operating Status
Active
District0x is an open-source Web3 network that aims to enable developers to create decentralized marketplaces and communities, known as "Districts." These Districts seek to address the coordination issues and inefficiencies present in many distributed markets. Districts provide the core functionalities needed to operate an online market or community, such as the ability for users to post listings, filter and search listings, rank peers and build reputation, and send invoices and collect payments. The platform also features an ERC-20 token, DNT, which owners can use to access and even help govern (through a stake-weighted voting mechanism) certain communities.

Organisation

Team

Financial Portfolio

Funding

ICO
2 Investors
$9 M

Frequently Asked Questions

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](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao)) structure. Each of these platforms is termed a “district” and can be launched free of charge on the district0x. The ecosystem is powered by the custom d0xINFRA framework, which provides a set of basic [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) and libraries users can use when building out their districts — enabling a wide array of potential use-cases. The native token of the district0x ecosystem is DNT — an ERC-20 utility token that is mostly used for community governance. The platform uses a combination of three main technologies: [Ethereum](https://www.coinlive.com/coin/ethereum), Aragon and the InterPlanetary File Transfer Protocol (IPFS). 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. Lastly, IPFS is used for serving the district0x website source code and for user uploads within districts.