What problem does this service solve?

district0x is developing a standardized, open-source protocol for creating and managing decentralized marketplaces.Storeum's technology and road map are not clear, and the project does not appear to solve any problems.

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Company Description

district0x is developing a network of decentralized marketplaces and communities powered by Ethereum, Aragon, and IPFS. Marketplaces on the network, also known as districts, are built upon a standard open source framework, consisting of Ethereum smart contracts. Districts provide the core functionalities required to operate a decentralized marketplace. Users can post and search listings, rank sellers, and process payments directly on the platform. The network is powered by the Ethereum-based DNT token.

The Storeum token is a digital currency that is designed to act as the medium of exchange for Storeum's decentralized marketplace. The project's marketing materials are unclear and the team behind it is not known. The STO token increased rapidly in price and market cap, shortly after its release in 2019.

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