district0x Dev Update - October 2nd, 2018

Development progress and product changes from district0x

The past two weeks of development have been packed with countless small devops tasks and odd ends needed to get Meme Factory’s testing environment up to snuff for deep user testing. Some of these have lead into development architecture decisions both big and small that we’re unifying across all concurrent projects. Additional upkeep and maintenance tasks on district0x.io and Name Bazaar in anticipation of EIP 1102 changes to Web3 injection, which will again be incorporated into all new apps.

From there, we’ve been focused on refactoring any necessary changes from the Meme Factory Surveys. With the recent conclusion of these polls and the selection of winning designs and content, we thought we’d use this development update to recap the higher level gameplan for moving forward with the issuance of DANK and the specifics of bootstrapping content Meme Factory.

Many of the pieces needed to complete this are pending development, and subject to change given unforeseen technical hurdles or tradeoffs. With that said, we’re pretty confident we can execute on the following few measures.

Meme Factory Survey Results and Redesign

In totality, the results of the surveys pretty heavily favor work we’ve already completed. Between the results of the first three surveys (Meme Format, Website Theme, and Homepage lists) we have very little reworking to do. With the addition of a few complexities to handle the “Trending Votes” list, all of these results were already within our expected constraints.

The fourth poll gave us a new, user submitted DANK logo to work with. As DANK has yet to be issued, this will be easy enough for us to incorporate at the protocol level. We avoided using the DANK logo throughout the Meme Factory interface, but we were sure to reincorporate this new logo into other assets we’ve planned (for instance, the upcoming Meme Factory explainer video).

The fifth poll ended in an overwhelmingly anti-climatic fashion — our initial design was the winning design, so there are no changes to make.

The sixth and final poll was, of course, chock full of hilarious content for us to use. Several of these memes were submitted well before we committed to an original format, and we’ll be having our designers rework them into Dank Registry-worthy content.

Design Contest Rewards and DANK Issuance

With the conclusion of the Meme Factory Design Contest, several of our community members have earned large DANK rewards. Although DANK has yet to be issued, and we will not proceed with its creation until the mainnet launch of Meme Factory and the Dank Registry, we still wanted to recap the distributed rewards, as well as some minor alterations to our plans with winning content in the lead-in to Meme Factory.

As mentioned above, we will take the meme submissions which do not conform to the standards required in the Dank Registry, and will have our in-house design team resize and spice them up a bit. On the eve of Meme Factory’s launch, we’ll submit the winning submissions (in order of rank, with first place being the first meme minted) to the Dank Registry using parameters we agreed upon with winning contestants. We’ll vote these through ourselves to ensure they get minted in the expected order, and are available for sale on the day of Meme Factory’s launch. Winners will receive Ethereum payouts from potential sales of their memes through a proxy contract, which will own the scoreboard entries grouping together these unique “0th-generation” memes.

Issuance of DANK will not take place until all necessary pieces for it’s use are in place. This includes the entirety of survey and contest rewards as well as the DANK faucet. The issuance contract has not yet been developed, but we can expect a pretty straightforward issuance of 1 billion DANK tokens according to the percentages we shared previously. Additionally, because one of our own designs won a Design Contest category with assigned rewards, we decided to instead take this portion of DANK and issue it directly to ALL participating addresses, including losing contestants.

As a reminder, breakdown of DANK issuance looks like this:

80% — Distributed to voters participating in survey dApp. You can check your expected issuance here near the top of the survey interface.

17.5% —Reserved for future airdrop campaigns. This will also fund the DANK faucet which will run throughout the launch and early days of Meme Factory.

2.5% — Rewarded for the 13 winners of the Design Contest categories. We are rewarding .5% back to ALL participants as well, since an in-house design won a category.

Development continues on both Meme Factory proper as well as the faucet and issuance contract. In the coming weeks, we’ll have quite a bit more exciting news to share, including a short introduction and explainer video for Meme Factory. Stay tuned for much more!