Countdown To Consensus:

TO

Linear
Log

About district0x

Category

Software Platform


district0x Value Proposition

Decentralized Finance


The district0x price is $0.06, a change of -4.14% over the past 24 hours as of 1:15 p.m. The recent price action in district0x left the token’s market capitalization at $56,567,600.34 USD. So far this year, district0x has a change of -55.70%. district0x is classified as a Software platform under CoinDesk's Digital Asset Classification Standard (DACS).


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 price

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.

How District0x works

In order to create a new district, users must submit an application to the District Registry. The application must include all associated materials for building a new marketplace, such as logo designs and URLs. Users then must select one of three bonding curves (a type of system that governs how staking works for that particular district). For example, creators might choose the “linear bonding curve” option, which benefits early stakers with higher voting power, or a “flat bonding curve,” which means stakers receive equal voting power regardless of when they join the district.

District0x community members have the ability to post listings, filter/search and make payments. Each district is managed by a governance layer provided by AragonDAO (a decentralized autonomous organization) built on the Ethereum blockchain.

Developers customize parameters of smart contracts and must stake DNT (deposit tokens into a smart contract) to receive DVT tokens (District0x voting tokens). Users then obtain proportional voting power in the district based on the number of DVT tokens they hold.

Key events and management

District0x was founded in January 2017 by Joe Urgo, an American operations manager, and Matus Lestan, a Slovakian software developer.

In November 2020, crypto exchange Coinbase listed the token on its main platform and mobile apps (both Android and iOS). The announcement came two years after the token was originally listed on Coinbase’s Pro trading platform, and saw DNT prices surge 838% in four days.


district0x Market Cap

$56.57M

district0x 24H Volume

$4.60M


district0x Price

24H Open
$0.059025
24H Change
$-0.002444
52 Week Low
$0.032423
52 Week High
$0.252769
All Time High
$0.499392
Returns (YTD)
-55.70%

district0x Market Stats

Total Supply
1.00B
Max Supply
N/A
24H Value Transacted
N/A
30D Volatility
2.37
24H Transaction Count
N/A
24H Average Transaction Fee
N/A

About district0x

Category

Software Platform


district0x Value Proposition

Decentralized Finance


The district0x price is $0.06, a change of -4.14% over the past 24 hours as of 1:15 p.m. The recent price action in district0x left the token’s market capitalization at $56,567,600.34 USD. So far this year, district0x has a change of -55.70%. district0x is classified as a Software platform under CoinDesk's Digital Asset Classification Standard (DACS).


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 price

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.

How District0x works

In order to create a new district, users must submit an application to the District Registry. The application must include all associated materials for building a new marketplace, such as logo designs and URLs. Users then must select one of three bonding curves (a type of system that governs how staking works for that particular district). For example, creators might choose the “linear bonding curve” option, which benefits early stakers with higher voting power, or a “flat bonding curve,” which means stakers receive equal voting power regardless of when they join the district.

District0x community members have the ability to post listings, filter/search and make payments. Each district is managed by a governance layer provided by AragonDAO (a decentralized autonomous organization) built on the Ethereum blockchain.

Developers customize parameters of smart contracts and must stake DNT (deposit tokens into a smart contract) to receive DVT tokens (District0x voting tokens). Users then obtain proportional voting power in the district based on the number of DVT tokens they hold.

Key events and management

District0x was founded in January 2017 by Joe Urgo, an American operations manager, and Matus Lestan, a Slovakian software developer.

In November 2020, crypto exchange Coinbase listed the token on its main platform and mobile apps (both Android and iOS). The announcement came two years after the token was originally listed on Coinbase’s Pro trading platform, and saw DNT prices surge 838% in four days.


Market Analysis
Social Analysis

Trending Assets

Bitcoin Calculator

Last Updated on 05/20/22 1:15 PM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.


Latest About district0x

CoinDesk - Unknown
DAO Marketplace District0x Raises $9 Million in Token Sale

A protocol for decentralized marketplaces raised $9 million in ether in an initial coin offering closed Tuesday.

A protocol for decentralized marketplaces raised $9 million in ether in an initial coin offering closed Tuesday.

CoinDesk - Unknown

Research Reports

All

Diving in deeper on cryptocurrency.

CoinDesk - Unknown
CoinDesk 2021 Annual Crypto Review

Thanks to 2021 most people have at least heard of crypto by now not just Bitcoin and Ethereum but altcoins like DOGE and SHIB as well as terms like NF Ts and the metaverse In Coin Desk Research’s 2021 Annual Crypto Review we aim to summarize some of the key themes and metrics that marked [...]

Thanks to 2021 most people have at least heard of crypto by now not just Bitcoin and Ethereum but altcoins like DOGE and SHIB as well as terms like NF Ts and the metaverse In Coin Desk Research’s 2021 Annual Crypto Review we aim to summarize some of the key themes and metrics that marked [...]

CoinDesk - Unknown
CoinDesk - Unknown
Building on the News: Introducing Layer 2 by CoinDesk

Our new digital magazine goes beyond the daily headlines to put crypto and blockchain developments in perspective.

Our new digital magazine goes beyond the daily headlines to put crypto and blockchain developments in perspective.

CoinDesk - Unknown

Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.