What Is district0x (DNT)?
DNT is the native token of district0x, which is a network that stores a huge variety of dApps, markets, and communities. You can use the platform as a launchpad for your own decentralized project. Each project must be governed by employing the DAO model. The projects that run on district0x are referred to as districts. These districts are hosted on the Ethereum blockchain. The most popular districts developed on the network are Name Bazaar, Ethlance, Stream Tide, and Meme Factory.
Make sure to check out the district0x price chart placed above if you want to see the current DNT price.
The project has developed its own framework called d0xINFRA. It allows users to create a huge variety of projects by employing libraries and smart contracts. The open-source and extensible design of d0xINFRA enables districts to add special features and improved functionality by plugging in auxiliary modules. The source code of the district0x website is served by the InterPlanetary File Transfer Protocol (IPFS).
Besides, the process of creating a district is free of charge. However, developers still have to add a deposit to the District Registry. Though the deposit is refundable.
What Is DNT?
DNT is the native token of the platform. It’s an ERC-20 token that runs on the Ethereum network. Essentially, the district0x token is a governance token.
By employing Aragon as the governance layer, district0x allows DNT stakers to participate in the governance process of the platform. district0x token can be used as a stake in deposit pools to create tokens that grant district-specific voting rights.
The stakers can vote on any aspect that is related to a district. They can decide on its functionality, design, branding, creation, code of conduct, various integrations, and much more. The rights of shareholders vary depending on the nature and objectives of each district. They are specified in the bylaws.
Besides, don't forget to check out the aforementioned district0x price chart in which you can see the main trends in the DNT price changes.
The Founders of district0x
Joe Urgo and Matus Lestan founded the district0x network in 2017. This is an interesting duo of a former professional poker player (Urgo) and a programmer (Lestan). Urgo is also the founder of a crowdsale and tokenization company called Sourcerers. Essentially, Urgo is the brain that knows a lot about the crypto world, while Lestan is the muscle that develops the district0x network.
Tokenomics of DNT
The total supply of district0x coins is 1 billion. During the initial coin offering (ICO) that took place in 2017, 600 million DNT tokens were distributed to the participants of the event. The remaining tokens are held by the founders of district0x or reserved for future uses and community rewards.
Lastly, keep in mind that the district0x price tends to fluctuate. This happens because the crypto market gets affected by various factors and starts fluctuating together with all crypto assets within it. Thus, before purchasing the district0x tokens, always make sure to analyze the DNT price chart.
