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The District0x Network describes itself as “a collective of decentralized marketplaces and communities”. Districts exist on the district0x Network as decentralized autonomous organizations (DAOs) and are built on d0xINFRA, which is defined as a standard open-source framework consisting of Ethereum smart contracts and front-end libraries. D0xINFRA provides districts with the essential functions needed to operate an online marketplace or community.
What is DNT Coin?
District0x Network Token (DNT) is an Ethereum-based token created using the ERC20 standard. According to the platform’s statements, this token was created to facilitate user participation in the development of the district0x Network, coordination, and ultimately the handover of network governance to the community.
Moreover, the platform features a District Registry designed as a voting game that allows network members to benefit from a special package of additional services. District0x Coin represents the multipurpose token necessary to participate in this system. Additionally, DNT Coin is used to indicate approval or disapproval for proposals made by network participants.
On the other hand, it is stated that the district0x platform resolves a series of coordination problems and inefficiencies observed in distributed community markets. According to explanations from the district0x platform, the ultimate goal is to create an ecosystem that can evolve and sustain itself without the need for a central authority.
Furthermore, the regions on the platform are defined as “decentralized communities and markets using the d0xINFRA framework”. The regions are managed by a governance layer provided by the Aragon network, operating through Ethereum smart contracts and standardized front-end libraries (d0xINFRA). In addition, according to the platform’s statements, the regions can appear completely different from each other. The platform also indicates that the operations of regions can change if better solutions emerge.
district0x Coin Review
When examining the District0x Coin charts and market volume, investors seem to approach this coin cautiously. This is because the price movements displayed by the DNT coin graph at the beginning are not exhibited recently, and the graph forms a flat line.
However, the fact that the district0x Coin is listed on exchanges like Binance, Coinbase Pro, Bitrue, and Bittrex is also considered a factor that increases confidence.
district0x Coin Price
Designed with a different framework, the DNT Coin, according to CoinMarketCap data at the time of the article’s preparation, is trading at $0.0176. In addition, according to CoinMarketCap data, it is ranked 497th in market volume with a market cap of $10,618,498. It is also worth mentioning that the district0x Coin saw its lowest level at $0.0021 on March 13, 2020, and its highest level at $0.4828 on January 6, 2018.
In addition, there are currently 600,000,000 DNT coins in circulation in the market, and it is stated that this number will reach a total of 1,000,000,000 DNT.
How to Buy district0x Coin?
The cryptocurrency DNT coin of the district0x platform, which aims to create a decentralized market and community, can be purchased quickly and securely through Binance, one of the world’s largest cryptocurrency exchanges.
