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@piratecheetah
Okily dokily. A layman's guide to DistrictOne. My approach is to go tab by tab across the top and explain what i understand about each. Then you can go to each tab with some understanding of WTF is there, without looking at the endless epilepsy-fit-inducing mess and getting confused like i did.
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@piratecheetah
**LIVE** These are the chat rooms (called ‘spaces’). Each chat room has been created by someone who has linked their twitter. The number of followers on twitter will appear next to their name - this should have some sort of indication as to their legitimacy.
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@piratecheetah
Some spaces you can go ahead and chat in - some you have to be a “shareholder”. And more recently - some are token gated/ eg. Pacmoon chat you must hold 1000 $PAC. You can buy a share using eth or the D1 Token: $OLE
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@piratecheetah
If you buy a share, the value will increase or decrease (in $OLE) based on the number of shares sold or bought after your purchase. The number of shares in a space is infinite, so a space will start with 1 share, and then based on the perceived value of the chat (or the creator of the chat) the value will follow.
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@piratecheetah
This means if you are early to a space and buy a share before a ton of others do, your share will increase in value. And vice versa. Be wary - ive seen spaces created that may look like a slam dunk, the creator will buy a bunch of shares, others will buy in and then the creator will dump them all.
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@piratecheetah
Each sale of shares has fees which are distributed to the holders - both passively and on a FCFS basis in chat. %OLE from the sales of the shares is claimable to your wallet in the MY SPACE tab. I will come back and explain what happens in these space after giving more context to the other tabs.
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@piratecheetah
**SPACES** List of existing spaces, you can sort by cost of share, movement in price, number of holders. You can also quickly see the creator.
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@piratecheetah
**SPRINT** These are space that have tradeable shares, but arent live with a chat yet. This seems to be a way of showing legitimacy before going live, it also bootstraps the OLE and GEMS liquidity so that when live, there are valuable reward mechanics live too.
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@piratecheetah
If you see a reputable name in this list - it may be a good way of being early. If you buy shares in a space that is in sprint mode, and then it goes live (i think the top X number of sprint spaces go live daily) - you get OLE rewards.
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