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.
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 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, 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.
- Will 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 - The first three projects running on district0x will be: Ethlance, ENS Bazaar, Meme Factory - The district creation platform will provide users with an easy to use interface to design and deploy their own districts to the district0x Network - Auxiliary Modules allow for the development and deployment of new features, functionality, and revenue generating mechanisms to districts - Governance by Aragon
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Attention. There is a risk that unverified members are not actually members of the team
Opportunities:Already have a functioning district since January 2017 – it is one of the more advanced ICO projects out there. This lends a lot of credibility compared to most ICOs as it shows that the project is run by capable people.There are two ways to make money from DNT – from appreciation in DNT or from staking the right district. If you stake a district that is very profitable, the potential profit sharing can be significant.There is potential for district0x to become the go-to place for creating DAOs. Lots of districts can be created, as long as they use any of these functions: posting and listings, search and filtering, ranking and reputation, and payments and invoicing. This is great for the Ethereum ecosystem.
Concerns:It is unclear how much easier it is to create DAOs on the district0x platform. If the cost and time savings are not significant, then there may not be many districts to be created on the district0x platform.If you stake an unprofitable district, you will not be able to receive distributions from it.The hard cap of $50 million is on the high side.
Conclusion:Overall, I like this ICO for its long-term potential. With this token, you only need one or several districts to be successful in order for DNT to appreciate in value. This is different from other ICOs where they only have one project and token value hinges entirely on the success of that one project. It is going to mitigate the risks compared to most of the other ICOs.Our thoughts of the tokens for short term and long term are as follows:For short-term holding:Neutral. On one hand, it already has a functioning district which brings a lot of credibility to the ICO, but on the other hand, the hard cap of $50 million is rather high.I don’t think it has problems raising the hard cap amount, but once the tokens hit exchanges, there may be a lot of selling pressure since there will be many DNT holders.For long-term holding:Good. As mentioned above, there is a lot of potential for DNT value because even if only a few districts become successful, DNT value should appreciate substantially.
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