This week, the District0x (DNT) crypto asset will be listed on Indodax. Open deposit will start on May 18th, 2022 at 14:00 WIB (UTC +7) and open trading will start on May 19th, 2022 also at 14:00 WI (UTC +7).
Billed as a “network of decentralized markets and communities,” district0x is a platform that allows users to easily launch their own decentralized platforms which are governed by a decentralized autonomous organization (DAO) structure. Curious? Let’s read more here!
What is District0x (DNT)?
Each of these platforms is termed a “district” and can be launched free of charge on the district0x. The ecosystem is powered by the custom d0xINFRA framework, which provides a set of basic smart contracts and libraries users can use when building out their districts — enabling a wide array of potential use-cases.
The native token of the district0x ecosystem is DNT — an ERC-20 utility token that is mostly used for community governance.
The platform uses a combination of three main technologies: Ethereum, Aragon and the InterPlanetary File Transfer Protocol (IPFS).
The Ethereum blockchain is used for hosting districts, whereas Aragon is used as the governance layer for the district0x network, allowing DNT stakers to benefit from governance rights and help shape the development and operation of their chosen districts. Lastly, IPFS is used for serving the district0x website source code and for user uploads within districts.
District0x (DNT) Team
District0x was founded in February 2017 by Joe Urgo and Matus Lestan.
Joe Urgo is a former professional poker player turned derivatives trader with an extensive history working as an advisor in the crypto asset space. He is also the founder and CEO of Sourcerers — a consulting firm specializing in tokenization and crowdsale services.
Matus Lestan is a programmer and developer with close to a decade worth of experience working with web and mobile applications. He currently holds the position of lead developer at district0x.
Besides the co-founders, much of the district0x team is not public facing. However, the district0x wages transparency page indicates that there were at least five additional contractors working for the firm in early 2021.
What makes District0x (DNT) unique?
District0x is built to tackle some of the inefficiencies that come with creating and operating distributed community marketplaces.
It does this by providing a wide range of smart contracts and front-end libraries that developers can use to easily launch their own districts, while providing a simple platform for community governance.
Unlike some other platforms which charge a fee for launching new applications, developers can create a district for free — though a refundable deposit will need to be paid to be added to the District Registry. This easy access platform has already given rise to a range of successful districts, each of which have varying forms and functions.
Some of the most popular districts include decentralized job market Ethlance, peer-to-peer ENS names marketplace Name Bazaar and Meme Factory — a district that provides a simple interface for the creation of rare digital assets.
District0x (DNT) Crypto Assets
The current CoinMarketCap ranking is #534, with a live market cap of $27,718,474 USD. It has a circulating supply of 600,000,000 DNT coins and the max. supply is not available.
How to Buy District0x (DNT) Crypto Assets on Indodax
For those of you who want to buy District0x (DNT) crypto assets, you can buy them on Indodax starting May 19th, 2022 at 14:00 WI (UTC +7).
Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link
- After your deposit and balance come in, you can return to the market
- Look for District0x (DNT) in the Rupiah market then click
- After entering, all you have to do is buy by filling in the balance and at what price you want to buy District0x (DNT). You can also buy it instantly or directly at the current price
- After that, you need to patiently wait for the price to increase for some time
- After the price increases, you can sell it at a higher price with the instant method
- If you sell with the limit method, you can place orders after buying. Make sure you enter a higher number when selling.
