You may be familiar with the recent ICO launch from the District0x team. The project aims to help breakdown the barriers of communication and value transfer by providing the ultimate marketplace and community management platform. I don’t say this lightly. The District0x ICO launched on July 18th and lasted through August 1st — it was a pretty quiet ICO now that I think about it.

Slack Channel

Ethereum prices fluctuated between $190–233 during the ICO time period. The token structure was set up in a way which divided the 600M DNT tokens issued by the number of Ethereum received. As you can see above, 1 ETH granted contributors 13,899 DNT.

With an average Ethereum price of $211 over the ICO time span, DNT ends up costing an average of just $0.0152 each.

At 8:00PM PST today, August 20th, the price of 1 DNT = $0.256028.

$0.256028 ÷ $0.0152 = 16.8x

So, What are the District0x Network Tokens Utility?

The DNT is used as a staking token to vote with within the Distrixt0x Network. Quite possibly the coolest and most powerful part of the District0x Network is their Community District Proposals. Yes, it sounds EXACTLY like what it is — community members can propose districts for the District0x team to facilitate the creation of. As you can see in the picture above, the community will then vote on your proposal to determine if the District0x team brings it to life.

Wait, wait, wait…this sounds like we are getting our ideas ripped off, but community members who send in a qualifying District Proposal receive 250 DNT just for the qualifying submission.

District Proposals which are voted in by the community receive earn the creator a 500,000 DNT reward.

500,000 DNT!? Yup.

Above is a look at the standard template they have created to make the district proposal process as simple as possible. This is almost like Kickstarter, but you vote with your DNT instead of funding the project. Can you imagine the type of growth the district0x community is going to have!? Each person that submits a proposal…wants their 500,000 DNT, right? Right. Not sure if the leadership team saw this synergy, but this creates an incentive for proposal creators to rally their district around their idea.

There are currently 105 district proposals and I’m sure many more after you read this! DO NOT ABUSE THIS AND RUIN IT FOR EVERYBODY. The 250 DNT used to be 2,500, but obviously they lowered that — disclaimer is at the bottom of the picture above.

You can submit and review proposals here.

Vote for new districts by staking your DNT here.

I’ll leave it to you here — feel free to take a look at the District0x website to learn more about the project. I recommend reading their white paper — Joe Urgo and Matúš Lešťan did an astounding job putting it together. Branding is ON POINT too! Leave a comment down hear if you have something to say, be creative!

Ethereum donation address: 0x4fCf1369355CE6D9c9FB493f629d21B564c7429A

Below are some resources for beginning cryptocurrency enthusiasts or others interested in something new: