district0x Interview: Decentralized Marketplaces and Communities – CR Exclusive
Welcome to our exclusive interview with the district0x team.
We gave them 12 questions to tell us more about their platform, ideas and vision, as well as the purpose of their token. Our exclusive interviews are designed in a way that allows you to learn all about a certain team and their token, even if you have never heard about them before.
1. What is district0x? How would you describe it in a few sentences?
district0x is a collective of decentralized marketplaces and communities. It exists as a framework of smart contracts deployed to the Ethereum network. This framework provides a platform for others to create, operate, and govern their own marketplace.
2. How did you come up with the idea for the district0x platform and what problems are you trying to solve with it?
Ethlance (ethlance.com) was developed and launched in January of 2017 as a solo project by Matus. Eventually it became clear that the structure of the website could serve as a skeletal framework for countless other marketplaces, and so we set out on a journey to bring community-driven governance in as the unique value add to an open network.
3. Who is your target audience for your platform/token?
In the short term, we see other token-based projects launching their own marketplaces on a platform, leveraging their own development teams to bring new iterations of districts to life on the platform.
In the long term, we hope to enable anyone with little to no development experience to launch their own district, or to participate directly in the governance of an existing district through use of the token and staking interface.
4. How many people are involved in the development? What kind of experience do the members have?
We just hired our 8th core team member. Across the team, we have three former Coinbase staff on the team who have been deeply involved in the cryptocurrency space for more than 10 years collectively. In addition to another two operations staff, we have three software developers whom all have maintained an interest in blockchain development, Solidity, and Lisp family languages. We are actively hiring as well – shoot an email to firstname.lastname@example.org if you think you’d fit.
5. What are some of the things/milestones you’re going to focus in the future (0-2 years)?
Right now we’re hyper focused on getting the next district, Meme Factory, in prime position for a smooth launch. In addition to that, we’ll be working to bring the staking interface live with the launch of Aragon, and we’ll be pushing the district registry live so other developers can utilize the recently launched d0xINFRA in order to get their own districts on the network.
6. What is the d0xINFRA framework?
The d0xINFRA framework is a library of contracts and code modules that third party developers can copy, fork and repurpose in order to launch their very own district on the district0x Network. It’s currently in development, but on launch is expected to provide all of the core features found in the Name Bazaar and Ethlance dApps, as well as a few of the more general supporting ones (like email notifications). Additionally, all of the community-centric features required for the Meme Factory, posting, commenting, etc. will find their way into the framework following the launch of Meme Factory.
7. How will creating a district look like in the future? Can anyone create their own district?
The network is open and voluntary by design. Anyone can create their own district – the d0xINFRA framework is the first attempt at making district creation approachable for budding developers. This effort will be ongoing for the medium term.
In the long term, we will develop a district creation interface. This will be a “what you see is what you get” style interface where any user can drag and drop components from our libraries in order to create their very own marketplace. With a much more developed network of marketplaces, this will allow individuals to design and host their own public marketplace.
8. Could you give an example of a district that would fit on your platform?
We already have two districts launched that are meant to be showcase examples of what is possible. Ethlance (ethlance.com) is the first, a communal job board for freelancers. Name Bazaar (https://namebazaar.io/) is a marketplace to buy, sell, or auction cryptographic assets (in the form of Ethereum Name Service domains).
We also have an open proposal system that allows our community to suggest district ideas that they would like to see come to life. Our voting dApp (vote.district0x.io) has a list of the proposals in the github repository, and allows token holders to vote for their favorite district that they’d like to see built next.
9. What is the role of your DNT token? What kind of things can you use it for?
The district0x Network Token is used as a means of facilitating open participation and coordination on the network. The district0x Network Token can be used to signal what districts should be built and deployed by the district0x team and can be staked to gain access to voting rights in any district on the district0x Network.
Users will be able to stake DNT to district and gain access to voting rights in any district on the district0x Network. Voting rights are utilized to come to a consensus on everything ranging from a district’s branding and design decisions, to what functionality is added to the district via auxiliary modules, to the appropriate settings for any adjustable parameters of these modules, to the means in which any revenue collected by a district is to be distributed, and beyond.
10. How many DNT tokens are available? How are new ones created and is the total supply limited?
1 billion tokens exist in total. 600 million tokens were distributed to contributors during the first contribution period, and additionally several more million were given out as part of the community rewards program, for a total of roughly 610 million tokens in circulation. The remaining parts of the 1 billion are held behind vesting contracts for the team and advisors, as well as a few tokens held in reserve for possible future fundraisers.
11. Which wallet do you recommend for storing DNT tokens?
I personally use MetaMask for a hot wallet for tokens and ETH, sending tokens using the MyEtherWallet integration. For long term storage, I utilize a Ledger hardware wallet in conjunction with MyEtherWallet.
12. How do you see the whole crypto industry in the next few years?
The next few years will be marked by a testing of the many different applications which might benefit from a blockchain. I think perhaps most interestingly, the next two years will enlighten us all to the ways in which public, decentralized cryptographic ledgers can succeed in applications and use cases *NOT* involving money or typical economic value transfer. These are exciting times and we find ourselves eagerly embedded in this grand experiment.
We would like to thank the district0x team for taking their time to answer these questions!See all interviews