DistrictOx is a collection of districts which in turn refers to marketplaces or communities that were built on the standard open source Ethereum network that includes smart contracts and other technologies. The districts are autonomous, open source and anybody can install and use them so long as they have internet. The districts have the capabilities to function as an online store that is accessible with a gallery-type user interface. The features they offer include Ranking & Ratings, Search & Filtering, Posting & Listings, Payment gateways & Invoicing.
Consumers have a choice to join any of the districts and make their contributions and distribute the incentives and rewards in the form of DNT (DistrictOx Network Tokens). The users join the districts using the tokens and have rights to vote in taking decisions and creating new guidelines.
Districts are the core foundation on which the network is built. Each district has:
The dOxInfra framework is open, very flexible, and elastic. Districts can create and implement new functionalities and enhance the features using third-party modules and plugins. The framework consists of Ethereum front-end technologies and smart contracts that are used to provide the basic functionalities. It uses the IPFS (InterPlanetary File System) used to manage the vital features.
Aragon is a new technology that has been developed and to which the districts are moved for implementation. It primarily functions as a network that installs and executes virtual entities and implements the decisions that are taken to manage and run the decentralized units.
DistrictOx uses an open community proposal process where the token holders can vote and come to a consensus on what type of markets must be built next. The participants of a district can connect with participants of other districts to create a strong platform to implement other business decisions.
DistrictOx is now a fully-functional and a successful project being managed by experienced and capable professionals. Users can make money in two ways. On appreciation of the DNT and secondly by staking a successful district where profits are higher. DistrictOx has the scope of building new districts and must the adopt the features that has made the Ethereum network successful. DistrictOx has a long-term potential since to earn with the token, the DNT value can appreciate even in one of some of the Districts are successful.
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