district0x Network Token

What is DNT and how Does It Work?

The district0x Network is an innovative network for shaping and managing marketplaces and communities, utilizing DNT (district0x Network tokens). DNT tokens are neurally significant in the network's operations and activate a wide range of functions within the district0x Network. A detailed whitepaper is available, providing an in-depth look at the network's functionalities and objectives. The operations of the network include provisions for appendix management. The district0x network continues to strive to expand its goal-oriented approach.

The Vision and Mission Behind DNT

The district0x network utilizes the Ethereum protocol and provides functionality plug-ins and reusable components for districts. These districts represent decentralized marketplaces and communities which can be adapted without the need for a central party. In this network, governance is present with an organization system that empowers token holders to cast votes on proposals and modifications related to district parameters and bylaws. Supporting user engagement in governance procedures, the district0x network has been created with the Aragon platform. Principles from Curation Markets are used by the district0x network to enable the redesign of known internet entities in a decentralized method. The team at district0x has presented an opening parameter set to help guide proceedings within the network. Furthermore, the district0x network Token (DNT) exists as a tool to encourage a nurturing developer ecosystem using staking procedures. To manage these district marketplace communities, the backend operations of the district work under d0xINFRA contracts.

How to Buy and Store DNT?

To purchase DNT, Flooz.xyz offers a streamlined process. Flooz.xyz is a one-stop solution to buy DNT tokens, providing a smooth checkout without the need to own a wallet. All payment methods are supported, making it convenient for any trader. Using Flooz self-custodial web wallet, you can seamlessly conduct transactions, including storing, sending, and receiving DNT tokens. Creating a self-custodial wallet on Flooz is quick and easy, requiring only your email, Google, or Apple ID. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. Additionally, using Flooz.xyz ensures that you have access to your funds at all times, thanks to the power of cryptography. Plus, Flooz.xyz aggregates more than 50+ providers to ensure you have the fastest and cheapest payment routes for your DNT trades.

DNT Metrics:

• Current price: $0.0480

• Market cap: $36.05 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $748

Key Technological Features of DNT

The district0x network utilizes Ethereum, Aragon, and IPFS as foundational technologies and employs the d0xINFRA framework to create a versatile environment for the development and implementation of auxiliary modules and enhancements for districts. Governance within the network is sustained through various smart contracts located within the Ethereum MainNet. The interaction between the district0x Network Token and District Registry is moderated through a sliding pricing curve, managing a nuanced operation of the network. The network's code is open on GitHub for review and contribution. Districts within the network may integrate auxiliary modules to increase their functionality. The district0x Network Token is an ERC-20 token established on the Ethereum blockchain. The network operates on a decentralized distributed open-source framework called d0xINFRA, which employs Ethereum smart contracts for its framework. The Curation Market model aids numerous network functions, correlating costs with minting. The primary operations are facilitated through the d0xINFRA open-source framework, leveraging Ethereum smart contracts. Further, the network offers varied UI options for districts, facilitating alterations for a better user experience.

How Secure is DNT? Understanding Its Security Protocols

The Reveal Period Length of the DNT token operates over a span of approximately 7,000 blocks or closely 48 hours. This duration allows you the prospect to engage actively within the network. DNT has integrated modifications in the network design for enabling diverse interactions within its common system, regardless of unfamiliarity among network netizens. You can explore these features to customize your experiences with the DNT token.

What's Next for DNT? Upcoming Developments and Roadmap Insights

Participants who hold DNT tokens have the ability to take part in voting periods, which have an impact upon the introduction of new districts within the District Registry. These votes play a significant role regarding challenges presented against district proposals. The district0x platform roadmap outlines upcoming objectives, which include the transfer of governance and the implementation of specific interfaces and modules. As the network undergoes changes, the potential emergence of more districts, additional modules, and d0xINFRA might occur. There exists an option for participants to leave a district and reclaim their votes. The roadmap undergoes periodic adjustments to reflect shifts in utilization contributions. Variations exist in the frequency and length of voting periods for each district. It is believed that continued efforts towards expanding the district0x Network could stimulate additional contributions. The team is dedicated to accomplishing the objectives set in the roadmap. The upcoming phase indicates the unveiling of a district0x Network directory, a Bazaar district, and the roll-out of additional districts as demonstrated in the roadmap. The application can remain inactive until it is tested for automated involvement within the network. The contributions gathered throughout Contribution Period v0.1 have indicated usages ranging from one up to eight.

Role of DNT in the Current Cryptocurrency Landscape

The DNT token is utilized in diverse initiatives within the district0x network, among them Status, Aragon, Colony, WeTrust, Rex, and JAAK. Supporting modules and the District Registry constitute the network's foundation, driving towards the decentralization of marketplaces and elimination of traditional middlemen. From these income-generating modules, traders can participate in the economic landscape, forming part of the district0x structure. This token model of district0x stands out by forming interconnected districts and marketplaces. Ethlance is an inaugural district within this network and it serves to innovate and cultivate burgeoning decentralized marketplaces.

The Team Behind DNT: Who Are the Founders and Key Players?

The district0x Network operates on the Ethereum blockchain, hosting a variety of decentralised marketplaces and communities. The project is driven by a team of 21 individuals, including Steven McKie, Carl Bennetts, and Alexander Khoriaty. Other key participants are Brady McKenna who manages the community, developer Phil Kurtland, Jake Vartanian in charge of strategy and operations, and Carl Bennett from Status who is also involved. Participants in the network include Stephen King, Jorge Mielgo, and Tatu Kärki, who are key players in the network. Advisors and project managers add value to the project and keep everyone updated.

The contribution periods (v0.1, v0.3) are a channel offering currency holders the chance to commit their tokens for network-related advantages. Token holders across the network are given governance rights, which are calculated by incentivized voting. Alex Maslar enacts a role in setting up tokens for districts on external platforms, too.

The Aragon framework operates the platform governance. It assists in creating a district proposal system relevant to the District Registry. The means for allotting tokens to founders and advisors and ETH expenditure management methods are also in place with the team. They highly regard community feedback and support. Alexander Chopan has made a key contribution in the form of the d0xINFRA framework, a significant part of the network's functioning.

Real-world Applications: How is DNT Being Used Today?

District0x enables the creation and management of decentralized marketplaces and communities, which are referred to as "districts." These districts are deployable on the network using the district creation interface. Once established, each district may receive positions and rankings and can benefit from valuable feedback. Notably, the platform hosts a service known as Bazaar, which helps enhance the discoverability of ENS names.

Those who hold DNT enjoy certain privileges, notably the capacity to stake tokens in the district deposit pool, which allows them to gain tokenized voting rights. This gives them a voice in expressing their views on different decisions. This governance framework also extends itself to the district creation platforms, offering opportunities to govern various aspects of the district0x network.

Relying on the Ethereum blockchain to perform its operations and execute its governance system, the network's funding is done through Contribution Periods. This dynamic allows DNT holders to stake their tokens in deposit pools. The District Registry feature empowers you to post and discover districts employing a directory module while providing DNT owners with valuable voting power in district-specific entities.

The district0x Network Token, structured as an ERC20-based token, serves several purposes within the network, not least of which is governance. On this platform, community participants have the option to submit proposals for fresh districts. Additionally, a marketplace named the Bazaar for transacting districts is available. The platform also offers niche features like Meme Factory, fostering the creation and tokenization of memes.

The district0x ecosystem includes a variety of decentralized entities, which are developed on the d0xINFRA framework. Ethlance, a marketplace for job seekers and organizations, is an example. The network professionally handles the financial contributions directed towards both unstaked and staked districts, and it assigns tokens for supporting areas like marketing and operations.