The real-time price of district0x is $0.0280, and there has been $190,651 worth of trades in the last 24 hours. The price of DNT has dropped by 1.20% in the last day and 2.87% in the last week. It’s important to know that the current market capitalization of district0x is $16,783,779 and that there are 600,000,000 coins in circulation for DNT. The 657 spot on the market is where district0x is right now.
The price of district0x today is 94.36% less than its all-time high and 1,181.31% more than its all-time low. All info and prices are changed in real-time. Binance, Kucoin, and Kraken are the most famous and busy places to buy or sell DNT. Use our Coin Exchange Tracker to find more ways to trade coins. Ledger and Trezor are the best hardware wallets to keep your coins safe.
What does DNT mean in Crypto?
District0x is a decentralized marketplace platform on Ethereum cryptocurrency. It enables the creation and governance of diverse marketplaces called “districts.” With the native token DNT, users can participate in the ecosystem, fostering an inclusive internet economy driven by individuals and communities.
What is DNT (District0x)?
DNT is the original token of district0x, a network with many different dApps, markets, and groups. You can use the tool to get your decentralized project off the ground. The DAO model must be used to rule every project. Districts are the names for the projects that run on district0x. The Ethereum blockchain is where these regions are kept. Name Bazaar, Ethlance, Stream Tide, and Meme Factory are the most well-known neighborhoods built on the network. To know how much DNT is worth, look at the figure above.
The project’s structure, called d0xINFRA, was made. It lets people use tools and smart contracts to make various projects. Because d0xINFRA is open source and can be expanded, districts can add special features and better functions by adding additional modules. The InterPlanetary File Transfer Protocol (IPFS) serves as the source code for the district0x website. Also, making a district is free. But the District Registry still needs a deposit from the investors even though you can get your deposit back.
What does DNT mean?
DNT is the platform’s main coin. It is an ERC-20 coin that runs on the Ethereum network. The district0x token is a government token at its core. By using Aragon as the administration layer, district0x makes it possible for DNT stakeholders to take part in how the platform is run.
district0x tokens can be used as a bet in deposit pools to make tokens that give vote rights in a certain district. Stakeholders can decide on anything that has to do with an area. They can choose how it works, looks, is branded, is made, a code of behavior, how it is integrated, and much more.
Owners’ rights rely on what each district is about and its goals. The rules spell out what they are. Also, don’t forget to look at the district0x price chart that was already discussed. It shows the key trends in how the DNT price changes.
The District0x Creators
The district0x network was started in 2017 by Joe Urgo and Matus Lestan. A former professional poker player (Urgo) and a coder (Lestan) make an interesting pair. Urgo also founded Sorcerers, a company that does crowd sales and tokenization. Urgo is the group’s brain because he knows much about cryptography, and Lestan is the body because he builds the district0x network.
DNT to USD Price
The price of District0x (DNT)
In October 2017, DNT began selling at about $0.04. In December 2017, the token’s price started going up quickly; by early January 2018, it had reached $0.43. This price spike didn’t last too long, and by February, DNT was back to being worth less than 10 cents.
Even though the crypto market crashed at the beginning of 2018, DNT was mostly steady and grew slowly from February 2018 to May 2018. At the beginning of May 2018, the token returned to $0.11. But it then went down with most other cryptocurrencies during the crypto winter of 2018. By the end of 2018, DNT was only worth about a cent.
During the first half of 2019, DNT’s price stayed around one cent. By August 2019, though, it fell below $0.01 and stayed there for more than a year until November 2020. The unit then went through its second big jump. Between November 2020 and April 2021, the price of DNT went from less than a cent to $0.48, the highest it had ever been.
When the cryptocurrency market crashed again in May 2021, it was bad news for DNT. In July 2021, DNT only had a value of $0.10. Even though the ticket had some ups and downs, it has mostly been going down since then. In May 2022, its price dropped below 5 cents and has stayed in the low single-digit cents since then.
What is the purpose of DNT?
As a government token, DNT is used to help people get into the District Registry, where token users can help build the platform and vote on different parts of its run. DNT can also be used to stake for vote rights in specific districts so that people can help run those districts. Stakeholders in DNT can make new custom government tokens for their districts.
DNT has a total of 1 billion, and there is no restriction on how many can be made. Here’s how it’s divided up:
⦁ 60% — Crowdsale
⦁ 19.8% — Founders
⦁ 18% — Project’s reserve
⦁ 2.2% — Community rewards and advisors
How to Save the DNT
DNT is an ERC-20 token that can be kept in popular software wallets like MyEtherWallet (MEW), Trust Wallet, Atomic Wallet, and MetaMask. Ledger and Trezor are two of the best hardware wallets over ERC-20 coins.
In conclusion, district0x is an Ethereum-based platform that facilitates the creation and management of decentralized marketplaces known as “districts.” With the DNT token, users can actively participate in this community-driven ecosystem. By empowering individuals and communities to build their own marketplaces, district0x aims to foster a more inclusive and innovative Internet economy.
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Written By: Allen Matshalaga
Allen is a professional forex trader, blogger, and online enthusiast who spends most of his time testing and reviewing legit ways of making money online and is determined to help others succeed.