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district0x

DNT

4.3

Price
$0.0416
9/29/2022, 6:19:34 PM
diamondHands

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Market

Market stats

Market cap

$25.0M

Volume (24h)

$900,590.79

Circulating supply

600.0M DNT

Typical hold time

26 days

Popularity

#166

All time high

$0.50

Price change (1h)

-0.25%

Price change (24h)

+1.22%

Price change (7d)

-2.8%

Trading activity

68% Buy0% Buy
32% Sell100% Sell

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district0x is on the decline this week.

The price of district0x has fallen by 2.80% in the past 7 days. The price increased by 1.22% in the last 24 hours. In just the past hour, the price shrunk by 0.25%. The current price is $0.0416 per DNT. district0x is 91.68% below the all time high of $0.50.

The current circulating supply is 600,000,000 DNT.

About

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.

What Is District0x Network (DNT)?

District0x network, as described in its whitepaper, is a network of decentralized marketplaces and communities. The project provides developers with an open-source blockchain foundation to create their own districts. As per the official website, districts are the decentralized applications (DApps) and entities that exist on the district0x network. In simple terms, district0x aims to establish a community of marketplaces and organizations independent from centralization.

Today many start-ups have disintermediated many marketplaces. For instance, Uber has made disruptions in the transportation sector, and Airbnb has disintermediated the lodging sector. Even though users enjoy these services, they don’t have a say in the control of the platforms. Users cannot participate in the value creation and thus these are centrally controlled platforms. District0x aims to decentralize and disintermediate the marketplaces and communities. Powered by Ethereum, Aragon, and IPFS, the platform intends to recreate many of the popular applications and services while eliminating the centralized economic model.

Running on Ethereum, the network offers core functionalities to design, create, and operate new districts. Powered by decentralized Web3, district0x provides creators with the liberty to build new DApps on the network. Each district is unique and is completely customizable. There are a host of districts already running on the platform, like Ethlance, Name Bazaar, Meme Factory, and more.

Talking about the token, DNT is the native token of the platform. The token is an ERC20 standard token and serves as the platform’s cryptocurrency. The token is primarily utilized as a governance token of the platform. This essentially means the holders of the token are granted voting rights on the functionality, operation, design, and branding of the platform. The token holders themselves decide what’s good or bad for the network.

History of District0x (DNT)

Launched in 2017, district0x was cofounded by Joseph Urgo and Matus Lestan.

Joseph Urgo is a seasoned operations manager and has formerly worked at Coinbase, the leading cryptocurrency exchange.

Matus Lestan, the lead developer at dsitrict0x, is a programmer and developer of mobile applications.

During its ICO in July 2017, the project managed to raise $9 million. Shortly after that, the platform launched its whitepaper v0.3 on September 14, 2017.

How Are DNT Tokens Earned?

District0x uses a special application known as District Registry for staking purposes. As per the website, the District Registry is essentially an incentivized voting game that is used by holders of the tokens to support or disapprove the proposals made by network participants. 

Users can stake their tokens into the pools. By doing this, users are granted voting rights.  Each vote is proportional to the staked DNT. By participating in voting, users are rewarded and incentivized for the governance of the platform.

How Many DNT Tokens Are There?

DNT has a maximum total supply of one billion tokens.

How to Purchase DNT Tokens

DNT can be easily purchased on Coinbase. It's secure, safe, and easy.

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Social

district0x on social media.

district0x was mentioned in 27 out of 1,765,584 social media posts on Twitter and Reddit on Sep 28, 2022. 24 unique individuals are talking about district0x and it is ranked #1,425 in most mentions and activity from collected posts.

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Key indicators

Contributors

24 people

Posts

27 posts

Dominance

0%

Volume rank

#1,425

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FAQ

What is the current price of district0x?

The price of 1 district0x currently costs $0.0416.

What is the market cap of district0x?

The current market cap of district0x is $24.96M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of district0x?

The all-time high of district0x is $0.50. This all-time high is highest price paid for district0x since it was launched.

What is the 24 hour trading volume of district0x?

Over the last 24 hours, the trading volume of district0x is $900.59K.

What other assets are similar to district0x?

Assets that have a similar market cap to district0x include Router Protocol, Hoo Token, EverRise, and many others. To see a full list, see our comparable market cap assets.

How many district0x are there?

The current circulating supply of district0x is 600 million.

What is the typical holding time of district0x?

The median time that Coinbase customers hold district0x before selling it or sending it to another account or address is 26 days.

What is the relative popularity of district0x?

district0x ranks 61 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of district0x?

Currently, 68% of Coinbase users are buying district0x. In other words, 68% of Coinbase customers have increased their net position in district0x over the past 24 hours through trading.

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