Online marketplaces have a pretty simple model: Items are listed for sale by 3rd parties; the seller pays a fee - sometimes even for listing - to the platform owner every time they sell an item. In front of these sells are different mechanisms to provide the platform with its USP for attracting its market and creating its identity – auctions (Ebay, Madbid), electronic commerce (Amazon, Alibaba), video-on-demand (Netflix, Hulu, Amazon Prime) but all in all, it’s pretty much the same – paying someone else to access stuff provided by someone else (accept of course Netflix’s own productions).

District0x removes the need for middlemen by the creation of Districts.

Districts

The district0x Network is comprised of districts. Districts are marketplaces and communities that exist as decentralized autonomous organizations built upon the d0xINFRA framework. At the core of every district are the components necessary to operate a market or bulletin board application with all districts providing the following baseline functionalities:

• Posting and listings
• Search and filtering
• Ranking and reputation
• Payments and invoicing

These capabilities are tied together and made accessible to users via list, thumbnail, and gallery-style user interfaces.

Removing the Consumer Pain Points

Inability to voice concerns or issuing complaints that disappear behind the high, guarded concrete walls of the central organisation and relying on visits to third party organisations such as Trustpilot to ensure transparent reporting; yet continuing to pay the ever-rising costs of the facilitating platform has long irked consumers.

Despite business models relying upon sustaining massive user bases that allow them to operate at scale, users have no means of participating in the value creation reaped from their use of these centrally controlled platforms. Until recent advancements in trustless network design, network participants had few reliable means for self-organizing without a centralized party.

Mobilising the zero-hour contract workforce

The district creation platform provides a way to customize the parameters of the smart contracts powering a district and also offers numerous UI options to support a wide variety of markets and communities. The district creation interface features an auxiliary module directory, similar to the Apple App Store, to allow for the easy discovery of plugins that extend the functionality and utility of districts.

Uber drivers, for instance, now have a way to bypass the fee structure of Uber and exact 100% profit from their customer. Let that sink in. Peer-to-peer transactions have already created an economy worth over $100 billion, now District0x has provided a channel for the undervalued workforce to mobilise and democratise the way they are governed by central organisations.

Uber drivers, for instance, now have a way to bypass the fee structure of Uber

Governance by Aragon – Decentralising Companies House

Aragon, partnered with District0x, is an operating system for decentralized autonomous organizations. Aragon provides an easy to use interface for creating, administering, and governing virtual entities. Aragon allows for user-friendly management of the basic components of an entity such as voting-share distribution, role assignments, fundraising, and accounting. The behaviour of an Aragon entity can be customized by changing its bylaws. The creation of a district on the district0x Network will trigger the creation of a corresponding entity on the Aragon Network, via which all of the district’s governance activities will occur. The creator of the district receives the initial voting share in its respective Aragon entity. Voting shares can be used to partake in the processes that determine the qualities of a district ranging from their design, to their functionality, to their accepted codes of conduct; to the way revenue generated by a district is utilized or distributed.

The District0x Network Token

To provide all internet citizens with an opportunity to freely join and contribute to any district, to align incentives across all of a district’s participants, and to implement coordinated decision-making mechanisms to the district0x Network they must hold the district0x Network Token (DNT), a staking token which allows holders to directly participate in the governance of any district on the district0x Network by staking their DNT to the districts of their choice.

District0x allows you to buy and sell stuff with no fees. It gives you a voice on the board of private companies. It decentralises the centralised. It is the future of buying and selling on the emerging decentralised internet and you should probably be buying their cryptocurrency.

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