district0x

district0x

DNT
$0.04211011%-10.80

Key Metrics

Price$0.04211011
Real Volume (24H)$1,017,173.56
Marketcap$42,110,110.41
Fully Diluted ValuationN/A
ATH$0.48337
ATH Date4/19/2021, 10:48:07 AM
ATL$0.00216748
ATL Date3/13/2020, 5:24:17 AM
Circulating Supply751M
Total Supply1B
WebsiteN/A
WhitepaperN/A
Popularity Rank672
Chart
What is district0x?

The District0x Network is a decentralized ecosystem of marketplaces and communities that is powered by Ethereum and aims to eliminate centralization in the marketplace. The platform enables developers to create their own districts and decentralized applications (DApps), which are entities that exist on the district0x network. The network offers core functionalities to design, create, and operate new districts, and it is powered by decentralized Web3, Ethereum, Aragon, and IPFS. Each district is unique and is completely customizable, providing creators with the liberty to build new DApps on the network. The platform offers a variety of districts, such as Ethlance, Name Bazaar, Meme Factory, and more.

The District0x token, known as DNT, is the native cryptocurrency of the platform and is an ERC20 standard token. The token is primarily utilized as a governance token of the platform, granting holders the right to vote on the functionality, operation, design, and branding of the platform. In other words, token holders decide what is good or bad for the network.

District0x was cofounded by Joseph Urgo, a seasoned operations manager who formerly worked at Coinbase, and Matus Lestan, a programmer and developer of mobile applications. The project was launched in 2017 and managed to raise $9 million during its ICO in July of that year. The platform launched its whitepaper v0.3 on September 14, 2017.

District0x uses a special application called the District Registry for staking purposes. The District Registry is an incentivized voting game used by token holders to support or disapprove proposals made by network participants. Users can stake their tokens into pools and, in turn, receive voting rights. Each vote is proportional to the amount of DNT staked. By participating in voting, users are rewarded and incentivized for the governance of the platform.

Overall, the District0x Network is a platform that aims to decentralize and disintermediate marketplaces and communities. It provides an open-source blockchain foundation to create decentralized marketplaces and communities while eliminating the centralized economic model. The District0x token serves as a governance token that grants voting rights to token holders, enabling them to decide what is good or bad for the network. The platform's District Registry is an incentivized voting game used to support or disapprove proposals made by network participants.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.

Try for Free

Top Assets

AssetPrice24HMcap
Loading...

We use cookies for personalization, social media, and analytics, and share usage data with partners.