district0x Network Contribution Period FAQ

Contribution Period starts July 18th at 3:00 PM UTC

With the district0x Network Fundraiser fast approaching, we wanted to take some time to answer a few of the most common questions we’ve been seeing recently.

What is district0x?

district0x is a network of decentralized marketplaces and communities powered by Ethereum, Aragon, and IPFS. For more info, check out our introduction video.

When does the contribution period start?

The contribution period begins on July 18, 2017 at 3:00pm UTC

When does the contribution period end?

The contribution period ends on August 1, 2017 at 3:00pm UTC. There are two additional conditions which can trigger an early closure to the fundraiser:

If $10m is raised, the soft cap is triggered, the sale will remain open for another 48 hours before closing.

If $50m is raised the contribution period closes immediately.

Is there a soft cap or a hard cap?

The soft cap is $10,000,000. The hard cap is $50,000,000.

How many DNT will I receive for each ETH I send?

The final number of DNT issued per ETH will depend on the total amount raised AND the rate of ETH at the time of the fundraiser. 600 million DNT will be distributed proportionally based on the total amount of ETH raised.

For example, if $10m is raised, tokens will be distributed at a rate of $.01666/DNT. If $50m is raised, tokens will be distributed at a rate of $.083333/DNT. The amount of tokens distributed per 1 ETH will depend on the rate of ETH/USD at the time of token issuance at the end of the sale.

Is there a bonus or a pre-sale?

No, there is no bonus structure, no pre-sale, no white-list, and no third-party allocations.

What ETH address do I send to in order to contribute?

We will publish the ETH address for contributions to contribution.district0x.io prior to the sale. DO NOT SEND TO ADDRESSES PROVIDED FROM OTHER SOURCES OR YOU RISK LOSING FUNDS.

How do I contribute? What wallets are supported?

All standard web browser and hardware wallets will work. DO NOT send to the contribution address from an exchange (Coinbase, Kraken, GDAX, poloniex, etc.) as this may result in a loss of your tokens.

We’ve created video tutorials for three of the most popular web wallets:

Is there a maximum gas price or gas limit?

The maximum gas price is 50 Gwei, the recommended gas limit is 200,000.

Is there a maximum contribution size per address?

No, every address can contribute any amount up to the hard cap of $50m.

How long after the contribution period until I receive my DNT?

We’ve given a safe timeline of 7 days until tokens are issued to contributor’s addresses. If everything proceeds smoothly, we expect this to happen within a few hours of the contribution period close.

What exchanges will DNT be listed on and when?

We have not made any partnerships with particular exchanges and will be allowing each to add DNT at their own discretion.