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district0x Stock

district0x

DNT

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district0x Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
Coinbase ExchangeDNT/USD0.027,316.4210,892.0361,399.090cex2387/9/2025, 6:23 AM
BitvavoDNT/EUR0.02469.4710,457.9512,917.170.01cex1987/9/2025, 6:18 AM
UpbitDNT/BTC0.02007,763.180cex17/9/2025, 6:23 AM
CoinExDNT/USDT0.0257.3820.492,374.850cex287/9/2025, 6:23 AM
IndodaxDNT/IDR0.03110.47133.61723.410cex17/9/2025, 6:23 AM
CEX.IODNT/USD0.029,304.718,238.5817.780cex2387/9/2025, 6:21 AM
Gate.ioDNT/ETH0.020000cex14/8/2025, 6:32 AM
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district0x FAQ

What is District0x (DNT)?

Described as a "network of decentralized markets and communities," district0x is a platform that enables users to effortlessly create their own decentralized platforms governed by a decentralized autonomous organization (DAO) framework. Each of these platforms is referred to as a “district” and can be launched free of charge on district0x. The ecosystem operates on the custom d0xINFRA framework, which offers a set of foundational smart contracts and libraries that users can utilize when building their districts, facilitating a diverse range of potential applications. The native token of the district0x ecosystem is DNT, an ERC-20 utility token primarily used for community governance. The platform integrates three key technologies: Ethereum, Aragon, and the InterPlanetary File Transfer Protocol (IPFS). The Ethereum blockchain is employed for hosting districts, while Aragon serves as the governance layer for the district0x network, allowing DNT stakers to gain governance rights and influence the development and operation of their selected districts. Finally, IPFS is used to host the district0x website source code and manage user uploads within districts.

**Who Are the Founders of District0x?**

District0x was established in February 2017 by founders Joe Urgo and Matus Lestan. Joe Urgo, formerly a professional poker player, transitioned into derivatives trading and possesses extensive experience as an advisor in the cryptocurrency sector. He is also the founder and CEO of Sourcerers, a consulting firm that specializes in tokenization and crowdsale services. Matus Lestan is a programmer and developer with nearly a decade of experience in web and mobile application development. Currently, he serves as the lead developer at district0x. In addition to the co-founders, much of the district0x team remains behind the scenes. However, the district0x wages transparency page reveals that at least five additional contractors were engaged with the firm in early 2021.

What Distinguishes District0x? District0x stands out due to its unique framework that enables users to create decentralized markets and communities, known as districts. Each district operates as a decentralized autonomous organization (DAO) on the Ethereum blockchain, allowing for community-based governance and decision-making processes. The platform allows for the straightforward establishment and management of districts, leveraging smart contracts for seamless interaction. Key features include the use of Aragon, a network for the creation and maintenance of DAOs, to facilitate the governance of districts. Additionally, districts are powered by the d0xINFRA framework, a suite of Ethereum smart contracts and front-end libraries that support the functionalities necessary for creating and managing decentralized marketplaces. Liquidity and functionality within the District0x network are further enhanced by the native token, DNT. Token holders can participate in governance by voting on proposals, contributing to the evolution of the network. For detailed market data on DNT and to track its performance, refer to the reports available on Eulerpool.

District0x is designed to address various inefficiencies associated with establishing and managing distributed community marketplaces. It achieves this by offering a comprehensive suite of smart contracts and front-end libraries that developers can leverage to effortlessly launch their own districts, while also providing a straightforward platform for community governance. In contrast to other platforms that impose a fee for launching new applications, developers can create a district at no cost—although a refundable deposit must be made to be included in the District Registry. This accessible platform has already facilitated the emergence of numerous successful districts, each with distinct forms and functions. Among the most popular districts are the decentralized job market Ethlance, the peer-to-peer ENS names marketplace Name Bazaar, and Meme Factory—a district offering a straightforward interface for the creation of rare digital assets.

What is the Circulating Supply of district0x (DNT) Coins?

As of January 2021, there were at least 600 million DNT tokens in circulation, accounting for 60% of the fixed maximum supply of 1 billion DNT. All 600 million DNT were distributed to participants of the 2017 initial coin offering (ICO), through which district0x raised a total of $9 million. Additionally, 180 million DNT are held in reserve for potential future fundraisers, 22 million DNT are allocated for advisors and community rewards, and the remaining 198 million DNT are held by the district0x founders, subject to a two-year vesting schedule. Notably, the 180 million DNT reserved for fundraisers has yet to be released. The district0x team has indicated that these tokens might be burned at a later date. An undisclosed amount of team and other reserved tokens may also remain out of circulation.

How is the district0x Network Secured?

DNT is an ERC-20 token, secured by the underlying Ethereum blockchain. As of January 2021, the network relies on a proof-of-work (PoW) consensus mechanism to maintain security against attacks. With the ongoing transition to Ethereum 2.0, the network will eventually employ a proof-of-stake (PoS) mechanism, providing comparable levels of protection against attacks while reducing energy consumption.

Where can you purchase District0x (DNT)?

The DNT token enjoys robust liquidity and is accessible for trading on numerous prominent exchange platforms, such as: * Coinbase Pro * Binance * Bittrex * Uniswap (DEX) The leading trading pairs for DNT are DNT/USDC, DNT/USDT, DNT/BTC, and DNT/ETH. As of January 2021, there are no direct fiat trading pairs available for DNT. However, it is possible to purchase Bitcoin (BTC) with fiat currency and subsequently exchange it for DNT.

Investors interested in district0x are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.