The Decentralized Online Marketplace
In the world of blockchain technologies, District0x is pretty exceptional.
The project was built on the Ethereum network. And it's one of the larger and better-known Ethereum-backed decentralized applications (DApps) on the market.
Beyond Ethereum, District0x is also powered by Aragon and IPFS.
Essentially, the district 0x network allows individuals to build their own decentralized marketplaces and communities.
To better visualize this, imagine using one tool to build a platform similar to eBay or craigslist. That’s pretty incredible.
And it only gets crazier from there. Regardless of where you live, all citizens with access to the internet have the ability to make communities on the district 0x network. They can even deploy these networks free of charge.
And best of all, each community will have access to the same core functions. This includes posting and listing, searching and filtering, ranking and reputation, and also payments and invoice.
All this means that a district could be fairly dynamic. In theory, an individual could create a district that acted like a specialized Craigslist.
Beyond that, the district0x network also solves many of the coordination issues that often occur in distributed community marketplaces. The whole goal of the tools that District0x provides is to help align the goals of the community and the market provider. And this kind of symbiosis will, in theory, create a system that can thrive without centralization.
So, how exactly did this project come about?
The History of District0x
District0x is one of the younger blockchain projects on the market.
The company launched its initial coin offering (ICO) on August 1, 2017.
The District0x team is made up of developers from all over the world. This makes District0x unique and allows it to be a true decentralized global project. The lead developer on and founder of the project is Matúš Lešťan. Lešťan has been developing for his whole life and is passionate about decentralization...
The DNT Token
But what about the DNT token? What role does it play in the district0x network?
DNT is a utility token in the traditional sense. And by that, we mean it can be used within the District0x network.
Holders of the token can use it to join districts and then take part in the governance of those districts. Once the tokens are staked in a district, the holder gets the equivalent amount of voting rights. These voting rights are crucial. They allow district members to partake in everything. This ranges from branding to having a say in the way fees are collected and revenue is generated. In short, tokens allow you to be part of the community.
If you're interested in learning more about District0x and its token, DNT, you can read the company's white paper here.
If you'd like to learn more about districts, be sure to check out the District0x website.
Where Can I Buy DNT?
The DNT token is available on a wide range of exchanges, including Binance, Bittrex, and Upbit.
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