Review on district0x by Robiul Islam
It looks to be a great project to invest in. However, it has a strong creative…
It looks to be a great project to invest in. However, it has a strong creative team of developers who are devoting to create a system that will be helpful for people all over the world who are looking forward to see more decentralized web. Well, this network is already proving to be a valuable tool for the job seekers and employers with Ethlance. They are offering things which are not offered by any other project. So, you can trust that this network is legit and you can invest in District0x.
Updated 5 years ago
Rating has not been changed
In the latest update, they cover some new development workflows, Meme Factory updates, the District Registry on testnet. It’s amazing to see how speedily they can adapt to new workflows even after nearly two years of endless development.
Right now ethlance and name bazaar have both been launched. An ethlance redesign is also being done alongside the finishing touches of memefactory.
Pros
- It solves a number of coordination issues and nullification generally found within distributed community marketplaces.There is potential for this project to become the go to place for creating DAOs. Lots of districts can be created, as long as they use any of these functions posting and listings, search and filtering, ranking and reputation, and payments and invoicing. This is great for the Ethereum ecosystem. There are two ways to make money from DNT from appreciation in DNT or from staking the right district. If you stake a district that is very profitable, the potential profit sharing can be significant. Already have a functioning district it shows that the project is run by capable people.
Cons
- •It is unclear how much easier it is to create DAOs on the platform. •If you stake an uneconomic district, you will not be able to receive distributions from it.
