Jul 19th 2017
a year ago
Aug 2nd 2017
a year ago
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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. At the core of every district is the d0xINFRA framework, a stack of Ethereum smart contracts and front-end libraries distributed on IPFS which power a district's basic functionalities. d0xINFRA is designed to be open and extendable, allowing districts to implement unique features and enhanced functionality via the plug-in of auxiliary modules.
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.