The district0x network is a collective of decentralized and autonomous marketplaces and communities, also known as districts. These districts are built upon a decentralized and distributed open-source framework, the d0xINFRA network, which is powered by Ethereum smart contracts. The district0x network aims at creating a friction-free, virtual economy where the users will be able to make buying and selling decisions, complete transactions, and even rank their peers with just one simple click. District0x aims to develop a flexible, and free market with advanced entrepreneurial concepts.
The District0x infrastructure has a very neat concept with some well-outlined features, such as the staking interface. A staking interface is put in place that allows DNT holders to have open control over the districts through an Aragon governance layer for all markets that come online. Post creation of a district, an Aragon entity will also be created that people can use to interact with this staking mechanism. After staking a user will receive voting rights in that district. Using the creation interface, one can remove central power structures from any marketplace without the additional need for development or programming skills. It can be described as the WordPress of dApps where the districts being launched are like wordpress templates and the auxiliary modules are WordPress plugins for extended functionality.
While it is very difficult to buy lesser known cryptocurrencies using fiat currencies (dollars, euros) directly from crypto-exchanges, district0x or DNT can be easily purchased from various exchanges using Ethereum or Bitcoin as the base cryptocoin. Binance is one of the popular exchange platforms that can help trade Bitcoin or Ethereum for District0x. One can use various wallets like myetherwallet.com to store the district0x (DNT) coins. Coinbase, Blockchain, Exodus, Trezor Hardware Wallet are also wallets that supports district0x.
District0x, differs from most coins in its underlying concept and the architecture it is built on. The concept of interconnected districts and marketplaces promises a novel structure to the modern economies. What a lot of users are missing out on is the fact that it is a staking mechanism and not just a voting token. Staking is basically the process of mining the PoS (proof of stake) coins. Early investors will be able to lock their tokens to a specific district on the network, thus being able to participate in its governance later. DNT tokens can be staked in districts, thus they not only give voting power and privileges within that district but also provide district-specific tokens depending on when the investor had started trading. For example, early investors of the PoS token will be able to make decisions about the distribution of profits among stakeholders, the intricacies of the business model etc. DNT can basically be considered as a dynamic stock in the future district0x ecosystem.
By joining the district0x, the user receives district0x coins. They allow the owner to exercise the right to vote for district proposals and make decisions within certain districts. This includes, for example, voting on proposals concerning the future of a particular district or setting fees. The scope of shareholders’ rights is outlined in the bylaws and varies according to the specific scope and purpose of each district. District0x platform users can interact with the functions and services provided by each district. Users can also freely create their own districts. For example, on Ethlance, the first district in the District0x network, users can post job offers or search for new jobs.
Where is district0x available for purchase?
You can exchange DNT tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading district0x is Coinbase Exchange, notably the DNT/USD pair, which saw a trading volume of $ 129,482 in the past day. Additionally, Bitvavo and Upbit are popular alternatives for trading tokens.
What is the highest value district0x (DNT) has ever reached?
district0x (DNT) reached its peak price at 0.4833 $ on 19 April 2021, approximately 4 years ago ago. Presently, the current price is -93.82% lower than this all-time high.
What is the historical minimum price for district0x (DNT)?
The minimum price reached for district0x (DNT) was 0.002167 $, documented on 13 March 2020, more than 5 years ago. In comparison, the current price is 1,276.81%, it above this historical low.
What is the fully diluted valuation of district0x (DNT)?
The fully diluted valuation (FDV) of district0x (DNT) stands at $ 29,27 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of DNT tokens. The realization of this FDV might take several years depending on the emission schedule of DNT tokens.
How to add district0x (DNT) to MetaMask?
By integrating district0x (DNT) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import DNT as a token. You can either manually import DNT by copying its contract address (0x0abdace70d3790235af448c88547603b945604ea) or use MetaMask's Chrome extension to add DNT with a single click through P.CASH.
How to add district0x (DNT) to TrustWallet?
Incorporating district0x (DNT) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include DNT, you can either manually import it using the contract address (0x0abdace70d3790235af448c88547603b945604ea) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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