district0x
About district0x
The price of district0x (DNT) is $0.02720581 today, as of Sep 08 07:46 a.m., with a 24-hour trading volume of $153,297. Over the last 24 hours, the price has increased by 5.36%. district0x currently has a circulating supply of 751.22M and a market cap of $20.44M.
DNT is the native cryptocurrency of District0x: a platform based on the Ethereum blockchain that provides tools for developers to create their own decentralized marketplaces and communities known as “districts.” Think of it as a platform for creating your own eBay, but instead of it being owned and operated by a single company, all marketplaces that are created run completely autonomously.
That is all possible thanks to Ethereum smart contracts – self-executing computer codes that automatically perform certain functions when predetermined conditions are met.
DNT is an ERC-20 token that launched on Aug.1, 2017. Some 600 million DNT tokens were sold during an initial coin offering (ICO), securing 43,170 ether, which was worth about $9 million at the time. A further 400 million tokens were created and distributed among the project’s founders, early contributors and advisers.
The DNT price reached an all-time high of $0.51 in January 2018 and has outperformed larger cryptocurrencies such as bitcoin and ether over the past few years. As with most cryptocurrencies, though, DNT’s price is volatile and experiences choppy price action. In April 2021, DNT price came within one cent of breaking above its all-time high. However, heavy selling pressure at the critical level sent prices into free fall. Between May and October 2021, prices remained rangebound between $0.10 and $0.26.