district0x
Crypto Overview
Project Overview
district0x is a network of decentralized marketplaces and communities powered by Ethereum, Aragon, and IPFS. The DNT token serves as both a governance and utility token within the district0x ecosystem.
Intended Utility
The DNT token is designed to enable holders to participate in platform governance through voting rights on the creation and regulation of marketplaces (districts) within the network. Token holders can stake DNT to participate in district governance and receive voting rights in district-specific decisions.
Actual Utility Assessment
The project has launched several districts including Ethlance (decentralized job marketplace), Name Bazaar (ENS domain trading), and Meme Factory (digital collectible marketplace). However, current on-chain data shows relatively low user activity across these platforms compared to their initial launch periods.
Token Distribution and Governance
The initial token distribution allocated 37.5% to the public sale, 47.5% to the district0x team and advisors (with vesting schedules), and 15% reserved for contributions to the network. The vesting schedules for team tokens have mostly concluded.
Development Activity
While the project maintains its core infrastructure, development activity has significantly decreased since 2021, with limited GitHub commits and ecosystem updates. The team continues to maintain existing districts but new district deployment has been minimal.
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.