District0x is a platform that enables users to establish their own decentralized platforms, known as "districts". These districts are governed by a decentralized autonomous organization (DAO) structure, providing a framework for a wide array of potential use-cases. The district0x ecosystem utilizes the DNT token, an ERC-20 utility token primarily intended for community governance. The platform leverages three main technologies: Ethereum for hosting districts, Aragon for the governance layer, and the InterPlanetary File Transfer Protocol (IPFS) for serving the district0x website source code and user uploads within districts.

District0x operates by providing a set of smart contracts and front-end libraries that developers can use to launch their own districts. This allows for a simple platform for community governance and a wide range of potential use-cases. The Ethereum blockchain is used for hosting these districts, while Aragon is used as the governance layer, enabling DNT stakers to participate in the development and operation of their chosen districts. IPFS is used for serving the district0x website source code and for user uploads within districts. The DNT token is intended for community governance, aiming to give token holders a say in the operation and development of the districts.

District0x aims to address inefficiencies in creating and operating distributed community marketplaces. It provides a set of smart contracts and front-end libraries that developers can use to launch their own districts, offering a platform for community governance. Some of the most popular districts include Ethlance, a decentralized job market, Name Bazaar, a peer-to-peer ENS names marketplace, and Meme Factory, a district that provides a simple interface for the creation of rare digital assets. These districts demonstrate the potential use cases for district0x, from job markets to digital asset creation and trading.

District0x was founded in February 2017 by Joe Urgo and Matus Lestan. Urgo is a former professional poker player turned derivatives trader with a history of working as an advisor in the cryptocurrency space. Lestan is a programmer and developer with nearly a decade of experience working with web and mobile applications. A portion of the DNT tokens were distributed to participants of an initial coin offering, contributing to the operation of the district0x platform.

We update our Diamond Token to GBP currency in real-time. Get the live price of Diamond Token on Coinbase.