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About district0x (DNT)
This open-source infrastructure was developed to facilitate the creation of decentralized marketplaces and communities, called districts.
“Virtually any type of marketplace that exists today could be re-built as a district on the district0x network,” protocolexplained.
All districts maintain a set of core features, such as the ability to post products/services for sale, receive payments and invoice customers. The base infrastructure that supports individual districts is d0xINFRA. It’s comprised of a series of Ethereum-based smart contracts and front-end libraries providing basic functionality. Each district exists as a combination of d0xINFRA contracts and project-specific contracts,said.
District0x’s native digital asset, DNT, helps foster governance. The protocol’s district creation platform serves as the permission-less means through which developers build new marketplaces. Before launch, developers are required to deposit a sum of DNT along with any relevant links, logos, URLs, and choose a bonding curve determining how voting rights will be allocated. All new districts are added to a district registry.
Individual districts and the broader District0x network are managed via governance layers provided by the Aragon Network,. District/network members stake their DNT to receive DVT voting tokens giving them a say on future decisions.
How is the price of DNT determined?
According to, district0x created 1 billion DNT through their genesis contract. Some 60% of these tokens were released via an ICO in June of 2017. An additional 20% of the token’s supply was distributed to the firm’s founders over a two-year vesting schedule. As of early June 2022, there were roughly 750 million DNT in circulation, .
The token’s future prospects will depend on demand for the protocol and its network of marketplaces.
Why does DNT have value?
The network has an ability to provide a base infrastructure underpinning a global network of decentralized marketplaces. As these markets, or districts, expand, and when considering the limited the supply, the token’s value would seem to have a chance to grow in value commensurate with the growth of districts.
What are the main benefits of DNT?
- Most distributed marketplaces suffer from coordination issues and inefficiencies; district0x, Messari points out, facilitates the creation of decentralized network of marketplaces with the stated goal of addressing those types of nagging issues.
- Structurally, the districts are dually reinforced, built on top of both an open-source framework of Ethereum smart contracts, as well as on a set of front-end libraries collectively referred to as d0xINFRA.
- The platform features an ERC20 token, DNT, which can be used to access and govern specific communities.
How to buy district0x (DNT)
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