district0x
Crypto Overview
Overview
district0x is a network of decentralized marketplaces and communities powered by Ethereum, Aragon, and IPFS. The platform enables users to create and operate decentralized marketplaces and communities called 'districts'. Each district operates as an autonomous entity on the district0x network.
Intended Utility
The DNT token serves as a governance token that allows holders to participate in the decision-making process for the district0x network. Token holders can submit proposals, vote on network changes, and participate in the creation and governance of districts. The token is also used for staking to create new districts.
Actual Utility Assessment
The platform has launched several districts including Ethlance (a decentralized job marketplace), Name Bazaar (ENS name trading), and Meme Factory (digital collectible marketplace). While these districts are operational, user activity remains relatively modest. The development team maintains regular updates and improvements to the platform infrastructure.
Token Distribution and Governance
The token distribution was conducted through a public sale in 2017. There was no pre-mine for the team, and tokens were distributed fairly among participants. The project demonstrates transparency in its operations and development progress through regular updates and open-source code.
Technology and Revenue Model
The platform's revenue model is based on the creation and operation of decentralized marketplaces, with no interest-bearing mechanisms or lending facilities. The underlying technology facilitates legitimate marketplace operations and community governance.
Crypto Impact
To assign a comfort level investing in district0x from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to district0x.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.