Districts are marketplaces and communities that exist as decentralized autonomous organizations on the district0x Network. All internet citizens will be able to deploy districts to the network free of charge, forever. All districts possess the following core functionalities: Posting & listing, Search & filtering, Ranking & reputation, Payments & invoicing.
STO/ICO Status
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Basics
| Platform | Ethereum |
|---|---|
| Type | N/A |
| Accepting | Others, ETH |
| Circulating Supply | N/A |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
The district0x Network Token
To provide all internet citizens with an opportunity to freely join and contribute to any district, to align incentives across all of a district’s participants, and to implement coordinated decision-making mechanisms to the district0x Network, we introduce the district0x Network Token.
The district0x Network Token (DNT) is a staking token, used by holders to join districts and participate in their governance. Upon staking district0x Network Tokens to a district, participants receive an equivalent amount of voting rights in the district.
Voting rights can be used to partake in the processes that determine everything from a district’s branding, to its accepted code of conduct, to the auxiliary modules that are integrated, to the way that fees collected by revenue-generating auxiliary modules are utilized, and beyond.
Distribution
The district0x Genesis Contract will mint 1,000,000,000 DNT tokens. On July 18th, 2017, district0x Factory is hosting an initial contribution period to kick off the process of distributing DNT tokens and to support the continued development efforts of the district0x Project.
Up to 2 additional contribution periods may be hosted to further distribute DNT tokens. These may occur only after the deployment of key roadmap milestones and in the event that additional funding is necessary for the completion of the project.
Starts
July 18 3:00 p.m. UTC
Ends
August 1 or 48 hours after soft cap is reached
Contribution Soft Cap
10 Mil USD
Issuance Rate
600 Mil DNT Tokens
Please note: 600,000,000 DNT tokens will be divided and distributed amongst all participants, each receiving an allocation proportional to the amount they contributed, relative to the total collected. After soft cap is reached, the contribution period will be closed in 48 hours In case of reaching 292750 ETH hard cap, contribution period closes immediately.
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