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Al-Driven Crypto Investment Research Revolution

district0x

$00.37%
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district0x
Open-source Web3 network of decentralized marketplaces & communities
district0x
Twitter
LinkedIn
Categories:
Social
Founded:
2017
District0x is an open-source Web3 network that aims to enable developers to create decentralized marketplaces and communities, known as "Districts." These Districts seek to address the coordination issues and inefficiencies present in many distributed markets. Districts provide the core functionalities needed to operate an online market or community, such as the ability for users to post listings, filter and search listings, rank peers and build reputation, and send invoices and collect payments. The platform also features an ERC-20 token, DNT, which owners can use to access and even help govern (through a stake-weighted voting mechanism) certain communities.
district0x Fundraising
ICO
Amount
$9M
Valuation
--
Date
Aug 02, 2017
Investors
CoinFund
BOOST VC
Investor
CoinFund
United States
BOOST VC
United States
district0x Team
Joseph Urgo
Co-Founder
Peter Reiseman
Director of Operations
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district0x

DNT

district0x
Open-source Web3 network of decentralized marketplaces & communities
district0x
Twitter
LinkedIn
Categories:
Social
Founded:
2017
District0x is an open-source Web3 network that aims to enable developers to create decentralized marketplaces and communities, known as "Districts." These Districts seek to address the coordination issues and inefficiencies present in many distributed markets. Districts provide the core functionalities needed to operate an online market or community, such as the ability for users to post listings, filter and search listings, rank peers and build reputation, and send invoices and collect payments. The platform also features an ERC-20 token, DNT, which owners can use to access and even help govern (through a stake-weighted voting mechanism) certain communities.
district0x Fundraising
Fundraising Event
RoundAmountValuationDateInvestors
ICO$9M--Aug 02, 2017
CoinFund
BOOST VC
Investor
CoinFund
United States
BOOST VC
United States
district0x Team
Joseph Urgo
Co-Founder
Peter Reiseman
Director of Operations
Powered by
district0x
DNT
$0
+0.37%
Total dollar volume24H
$37,690
High24H
$0.027
Low24H
$0.0266
Market Cap
#650$20,282,986
FDV
$27,000,000
Market Cap / FDV Ratio
0.75
Turnover rate
0.19%
Circulating supply
751,221,716
Total supply
1,000,000,000
Max supply
∞
All time high
$0.26
All time high date
Nov 03, 2021
Down from All time high
-89.62%
Cycle low
$0.0155
Cycle low date
Dec 28, 2022
Up from cycle low
74.19%
Official links
Website
White paper
Socials
Twitter
Reddit
Introduction
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.
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