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District0x is an Ethereum token that powers a network of decentralized marketplaces and communities called districts. The token is required for application to the District Registry and is used to signal support or disapproval for proposals made by network participants.
District0x is a platform that enables users to establish their own decentralized platforms, known as "districts". These districts are governed by a decentralized autonomous organization (DAO) structure, providing a framework for a wide array of potential use-cases. The district0x ecosystem utilizes the DNT token, an ERC-20 utility token primarily intended for community governance. The platform leverages three main technologies: Ethereum for hosting districts, Aragon for the governance layer, and the InterPlanetary File Transfer Protocol (IPFS) for serving the district0x website source code and user uploads within districts.
District0x operates by providing a set of smart contracts and front-end libraries that developers can use to launch their own districts. This allows for a simple platform for community governance and a wide range of potential use-cases. The Ethereum blockchain is used for hosting these districts, while Aragon is used as the governance layer, enabling DNT stakers to participate in the development and operation of their chosen districts. IPFS is used for serving the district0x website source code and for user uploads within districts. The DNT token is intended for community governance, aiming to give token holders a say in the operation and development of the districts.
District0x aims to address inefficiencies in creating and operating distributed community marketplaces. It provides a set of smart contracts and front-end libraries that developers can use to launch their own districts, offering a platform for community governance. Some of the most popular districts include Ethlance, a decentralized job market, Name Bazaar, a peer-to-peer ENS names marketplace, and Meme Factory, a district that provides a simple interface for the creation of rare digital assets. These districts demonstrate the potential use cases for district0x, from job markets to digital asset creation and trading.
District0x was founded in February 2017 by Joe Urgo and Matus Lestan. Urgo is a former professional poker player turned derivatives trader with a history of working as an advisor in the cryptocurrency space. Lestan is a programmer and developer with nearly a decade of experience working with web and mobile applications. A portion of the DNT tokens were distributed to participants of an initial coin offering, contributing to the operation of the district0x platform.
District0x strives to maintain the quality and reliability of decentralized marketplaces within its ecosystem through a combination of blockchain technology, smart contracts, and a distinctive governance system. The platform enables users to establish their own districts, which are governed by smart contracts and operate autonomously. This reduces centralized control and associated fees, fostering a peer-to-peer marketplace that empowers buyers and sellers. To uphold security and deter fraudulent activity, district0x employs blockchain solutions for transaction safety and decentralized authentication to verify user identities. District0x acknowledges users who contribute to the marketplace's growth and success with DNT tokens. The platform addresses potential scalability issues by implementing off-chain scaling through state channels or side chains, focusing on user experience considerations.
District0x addresses scalability challenges within its network of decentralized districts by leveraging Ethereum's scalability solutions. It employs a blend of on-chain and off-chain scaling methods. On-chain scaling refers to augmenting the capacity at the core blockchain layer, while off-chain scaling involves constructing additional layers that can process transactions without utilizing the core blockchain. District0x also makes use of Ethereum's Layer 2 scaling solutions, which involve transitioning transactions to layers that sit atop the base Ethereum blockchain. This approach seeks to preserve decentralization and address scalability. In addition, district0x is also exploring the use of state channels, plasma, and sharding to address scalability. State channels permit users to transact off-chain, plasma establishes child blockchains connected to Ethereum for more scalable usage, and sharding divides the entire Ethereum network into multiple portions called 'shards' to increase transaction speed. These strategies are intended to address scalability as the platform evolves and attracts more users.
Being a district0x Network staker involves various aspects. Primarily, staking district0x Network Tokens (DNT) enables users to participate in the governance of individual districts within the network. This means that stakers can propose and vote on various aspects of a district's operation, from its branding and design decisions to the functionality added via auxiliary modules. Stakers can also influence the settings of these modules and decide how any revenue collected by a district is distributed. This level of involvement seeks to foster an ecosystem with reduced dependency on a central authority. It's important to note that unlike some other staking mechanisms, DNT does not provide a direct reward when staking your DNT to a district. Instead, the focus is on enabling active participation in and influence over the district's development and operation.
How does district0x approach user data privacy within its decentralized marketplace framework? District0x is designed to offer a different approach to how online marketplaces and communities function by creating a network of decentralized, autonomous organizations. It intends to reduce centralized control, unnecessary fees, one-way decision-making, and the sale of personal data. The technology powering district0x is developed with community interaction in mind. Users engage directly with one another, retain control over their privacy and data, and establish their own rules. This approach operates differently from traditional business entities. Districts, which are decentralized marketplaces on the district0x Network, are built upon a standard open-source framework comprised of Ethereum smart contracts and front-end libraries, referred to as d0xINFRA. This framework aims to maintain users' data privacy within the decentralized marketplace.
District0x strives to manage disputes or conflicts within its decentralized marketplaces through a system known as Decentralized Dispute Resolution (DDR). This system uses blockchain technology to provide mechanisms that are transparent and particularly suited to the digital environment where District0x operates. DDR can be seen as a judicial system built specifically for the decentralized world. District0x also employs auxiliary modules, which are plug-ins that can be added to a district to enhance its capabilities. One such module is a dispute resolution module that provides a system for resolving conflicts between parties. This combination of DDR and auxiliary modules strives to manage disputes within District0x's decentralized marketplaces in an effective and fair manner.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
A$90.1M
A$4.5M
1.0B DNT
22 days
#539
A$0.76
-2.3%
+7.86%
-5.24%
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48 unique individuals are talking about district0x and it is ranked #1,128 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, district0x has an average sentiment score of 3 out of 5. Finally, district0x is becoming more newsworthy, with 0 news articles published about district0x. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about district0x. There were 0% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about district0x. 100% of tweets were neutral about district0x. These sentiments are based on 4 tweets.
On Reddit, district0x was mentioned in 85 Reddit posts and there were 133 comments about district0x. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
48 people
#1,128
3 out of 5
4 people
0%
Bullish
100%
Neutral
0%
Bearish
85
133
3,650
3,906
DNT/CAD (Canadian Dollar)
CA$0.0800
DNT/GBP (British Pound)
£0.0466
DNT/BRL (Real)
R$0.30
DNT/EUR (Euro)
€0.0544
DNT/NGN (Nigerian Naira)
NGN 81.24
DNT/SGD (Singapore Dollar)
S$0.0792
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The price of district0x has decreased by 2.30% in the last hour and increased by 7.86% in the past 24 hours. district0x’s price has also fallen by 5.24% in the past week. The current price is A$0.0892 per DNT with a 24-hour trading volume of A$4.53M. Currently, district0x is valued at 88.26% below its all time high of A$0.76. This all-time high was the highest price paid for district0x since its launch.
The current circulating supply of district0x is 1,000,000,000 DNT which means that district0x has as total market cap of 1,000,000,000.
We update our district0x to AUD currency in real-time. Get the live price of district0x on Coinbase.
The current market cap of district0x is A$90.07M. A high market cap implies that the asset is highly valued by the market.
The all-time high of district0x is A$0.76. This all-time high is highest price paid for district0x since it was launched.
Over the last 24 hours, the trading volume of district0x is A$4.53M.
Assets that have a similar market cap to district0x include Voyager Token, Cream Finance, Opulous, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of district0x is 1 billion.
The median time that Coinbase customers hold district0x before selling it or sending it to another account or address is 22 days.
district0x ranks 64 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 92% of Coinbase users are buying district0x. In other words, 92% of Coinbase customers have increased their net position in district0x over the past 24 hours through trading.
Yes, district0x is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy district0x guide.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.