Frequently Asked QuestionsFAQ
What is district0x?
district0x is a collective of decentralized marketplaces and communities. It exists as a framework of smart contracts deployed to the Ethereum network.
What problem does district0x solve?
district0x solves the problem of creating a network of communities and organizations which allow for decentralized governance, cooperation, and decision making to occur and flourish.
What are districts?
Districts exist as decentralized entities on the district0x Network, built upon a standard open source framework comprised of Ethereum smart contracts and front-end libraries, referred to as d0xINFRA.
Is there a fee to create a district?
No, there is no fee at all planned to create a district. Creating a district will require making a refundable deposit to a 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.
What kind of project could implement a district?
We envision virtually any type of communal marketplace being able to be 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.
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.
Who gets voting rights in a district?
The initial 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.
What are the criteria that makes a district a good district?
district0x Token holders themselves decide whether a district is good or bad for the network through the District Registry. This 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.
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 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.
How does district0x generate revenue?
district0x is an open-source software project. We do not seek to generate profit as a centrally controlled entity, rather we aim to build software that can decentralize the development and governance of community powered marketplaces.
If district0x does not plan to generate revenue how will it sustain operations?
The end goal of the district0x project is to build a self sustaining system of incentives that encourages continued participation from developers, token holders, and users. The technologies at our disposal allow us to build systems of coordination in marketplaces with no reliance on a central party, this includes an internally funded development team. Like many startups we understand our financial runway and we'll take diligent, carefully planned steps to remain funded until our end goals are reached.
district0x Network Token (DNT)
How does the DNT staking mechanism work?
The district0x Network Token is used as a means of facilitating open participation and coordination on the network. The district0x Network Token can be used to signal what districts should be built and deployed by the district0x team and can be staked to gain access to voting rights in any district on the district0x Network.
Users will be able to stake DNT to district and gain access to voting rights in any district on the district0x Network. Voting rights are utilized to come to a consensus on everything ranging from a district’s branding and design decisions, to what functionality is added to the district 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 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.
district0x Network Fundraiser
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.
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.
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 is district0x based?
The district0x founders are based in San Francisco. Additional core team members are based out of the USA and Europe.
How can I get involved?
You can join our slack channel, submit a proposal on github for the next district you would like to see created, comment on and give feedback to existing proposals, and you can signal with your DNT using Carbon vote on which proposals that you would like to see implemented on the network next.
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.
How do you pronounce district0x?
District - Zero - X