What is district0x? What is DNT coin?
What is district0x? Everything you need to know about DNT
district0x (DNT) is a decentralized marketplace and community network powered by Ethereum and Aragon, enabling governance and collaboration.
The rise of decentralized technology has changed the way online platforms operate, eliminating the reliance on traditional centralized intermediaries that often charge high fees and control the evolution of platforms. Thanks to innovations such as trustless network design and the Ethereum protocol, users are now able to autonomously organize and manage platforms. These advancements enable communities to self-govern and allocate governance rights, keeping economic incentives aligned with user participation. These tools allow individuals to build and control the digital spaces they use in their daily lives. district0x utilizes these technologies to establish decentralized, user-governed markets and communities.
What is district0x (DNT)?
district0x (DNT) was founded by Joe Urgo and Matus Lestan in January 2017, aiming to create a decentralized marketplace and community network. Urgo is an experienced cryptocurrency advisor and derivatives trader, as well as the founder of the tokenization consulting firm Sourcerers. Lestan is a technical expert with years of experience in web and mobile app development, serving as the chief developer of district0x. Their first project, Ethlance, is a blockchain-based job marketplace that showcases the potential of decentralized networks.
In June 2017, district0x held its first token issuance (ICO), raising 43,169 ETH (approximately $9.78 million at the time). The funds were used to support the deployment of the district0x network, which aims to eliminate rent-seeking intermediaries and empower communities to autonomously manage their economies. The network infrastructure, called d0xINFRA, is designed to support decentralized markets collectively referred to as 'districts.' Key milestones include the deployment of staking and governance modules, as well as the launch of platforms such as Name Bazaar and Meme Factory.
By early 2019, district0x expanded its collaboration model by inviting external teams to participate in development, management, and marketing. The team began upgrading existing districts, such as migrating Ethlance to Layer 2 for scalability. The district0x roadmap also outlines plans to expand district functionality through auxiliary modules and transfer project governance to token holders through decentralized autonomous organizations (DAOs).
district0x focuses on community-driven innovation, dedicated to decentralized online markets, providing governance tools for users, and promoting the development of trustless economic systems.
How does district0x work? d0xINFRA and Districts Registry.
The d0xINFRA framework forms the core of the district0x ecosystem, facilitating the creation and operation of decentralized platforms (referred to as 'districts'). These districts, as independent markets or communities, leverage the powerful infrastructure of d0xINFRA to seamlessly operate on the Ethereum blockchain. The framework combines open-source Solidity smart contracts and frontend libraries hosted on IPFS. These components together ensure the decentralized, secure, and transparent operation of all districts within the network, providing developers and communities with a modular and scalable foundation.
The core function of d0xINFRA is to provide the basic functions needed to create and manage districts. Its backend relies on a shared d0xINFRA contract architecture and is enhanced through district-specific extensions. This allows each district to maintain consistent operational basics while customizing its functionality according to unique needs. For the user interface, d0xINFRA supports reusable components to simplify development, while allowing each district to maintain visual diversity. This modular design ensures the efficiency, adaptability, and scalability of the ecosystem, enabling districts to meet various usage scenarios.
Source: district0x Whitepaper
One of the highlights of d0xINFRA is its auxiliary module system. The auxiliary modules enable districts to integrate advanced features such as high-quality content display, proposal insurance, or content moderation tools. For example, a district can implement an advertising module that allows users to bid for prominent display positions or use moderation tools to filter out spam and malicious content. The governance process within each district determines which auxiliary modules are adopted, ensuring community support and consistency in implementing features. Third-party developers are encouraged to contribute to this ecosystem and earn fees through their modules, further enhancing the versatility of the framework.
The district0x team continues to improve d0xINFRA by deploying new districts, which serve as testing platforms for innovative features. These deployments showcase the capabilities of the framework while supporting the grand vision of creating decentralized markets and community networks. Each district serves as a demonstration of decentralized potential and becomes a tool for driving ecosystem development. With its modular and open-source design,
d0xINFRA empowers developers and users to build, govern, and scale their districts, making them the foundation of district0x's mission to democratize online platforms. This comprehensive framework is the key to unlocking decentralized applications and governance for the future.
Districts Registry
The Districts Registry is a decentralized, token-curated registry that serves as the core of the district0x ecosystem, acting as a community-vetted whitelist of valuable and non-malicious districts. This registry ensures that only trusted and beneficial districts have access to the full functionality and resources of the district0x network. Through reliance on decentralized and incentivized voting mechanisms, the Districts Registry promotes transparency, community participation, and the integrity of the district0x platform.
To enter the Districts registry, potential district creators must submit a proposal and pay district0x Network Token (DNT) as a deposit. The proposal typically includes a detailed description, relevant links, a logo, and an outline of the governance structure for potential token pledgers. The application then enters a challenge period during which any DNT holder can raise objections by initiating a challenge. If there are no challenges, the proposal will be automatically accepted, and the initial deposit will be transferred to the pledging pool of that district, granting governance rights to the creator. However, if there is a challenge, a voting process will take place, allowing DNT holders to decide the fate of the proposal.
Challenges in the Districts registry are carried out through a commitment-revealing voting mechanism. DNT holders vote with weighted votes based on their token holdings to support or oppose proposals. The outcome determines whether a proposal is accepted or rejected. Successful applicants or challengers will have their deposits returned, while forfeited deposits are distributed to the winning voters. This incentive mechanism ensures active participation in the community and prevents meaningless challenges.
Source: district0x Whitepaper
Joining the Districts registry provides several benefits for districts, including access to the staking interface for district0x. Here, users can stake DNT to accumulate voting power and influence governance decisions within district Aragon entities. This governance structure enables token holders to vote on district upgrades, auxiliary module integrations, and other key functionalities, ensuring democratic oversight and collective decision-making.
The flexible parameters of the Districts registry, such as deposit requirements and voting deadlines, can also be modified through community governance. This adaptability ensures that the registry evolves with the development of network demand, maintaining fairness and efficiency. The initial parameters, such as a 1,000 DNT deposit and a one-week challenge period, are defined by the district0x team, but these can be revised through a similar proposal and challenge process.
The Districts Registry aims to embody district0x's commitment to fostering a transparent, user-driven ecosystem. It provides market creators with a structured and democratic approach to joining the network while ensuring alignment with community interests, responsibilities, and values.
district0x use cases
By leveraging Ethereum, district0x enables users to design platforms governed by decentralized autonomous organizations (DAOs). Through its proprietary d0xINFRA framework and auxiliary modules, district0x supports a variety of use cases prioritizing transparency, user governance, and value creation. While Aragon has played a role in implementing DAO governance, district0x continues to evolve independently, adjusting its tools and infrastructure to maintain a decentralized and user-driven ecosystem.
- Decentralized Market: district0x enables users to create permissionless markets, where goods and services can be traded directly without intermediaries. These markets benefit from community governance, ensuring that decisions are aligned with user interests. Examples include Ethlance, a decentralized job market, and Name Bazaar, a platform for buying and selling ENS domain names.
- Community-driven platform: district0x facilitates the creation of user-governed communities centered around shared interests. Community members can stake district0x Network Tokens (DNT) to participate in governance, voting on platform upgrades, feature implementations, and content moderation policies. This creates an environment where users actively shape the platform's development.
- Customizable decentralized applications (dApps): Through its modular design, district0x allows developers to extend district functionality through auxiliary modules. These modules introduce features such as advertising, premium listings display, or dispute resolution, enabling district to meet niche industry and user needs. Developers can also monetize their contributions by charging usage fees for custom modules.
district0x ecosystem
The district0x ecosystem is a continuously evolving decentralized marketplace and community network, referred to as "districts", designed to operate without intermediaries. Powered by the d0xINFRA framework, these districts showcase the potential of decentralization while providing practical solutions for users worldwide.
Ethlance
Ethlance was launched in January 2017 and underwent Layer 2 upgrade in 2021. It is a decentralized job market that connects freelancers and employers without service fees. As the first district on district0x, Ethlance sets the standard for the network's potential. Users only need enough Ethereum to pay for gas fees to post or apply for positions, including smart contract development, UI/UX design, and DApp development. Built on Ethereum and utilizing Layer 2 technology (using Optimistic Rollups to improve scalability and cost efficiency), Ethlance provides an economically efficient alternative that ensures all transactions are fair and transparent compared to platforms like Upwork.
Source: education.district0x.io
Name Bazaar
Name Bazaar was launched in October 2017 as a peer-to-peer Ethereum Name Service (ENS) domain market. By leveraging Ethereum smart contracts, Name Bazaar provides a secure, trustless platform that allows users to buy and sell ENS domains without intermediaries. This district eliminates additional costs, providing users with a seamless domain trading experience, while ensuring transparency, trust, and decentralization of ownership through blockchain technology. Additionally, Name Bazaar enables users to have full control of their assets and facilitates efficient, economical transactions within the growing ENS domain ecosystem.
Source: education.district0x.io
Meme Factory
Meme Factory enables creators to mint and trade Meme NFTs as rare digital assets, with all transactions taking place on the Ethereum blockchain. The platform is governed by a token-curated registry (TCR) that ensures the quality and authenticity of memes through community voting. Users can mint, trade, or rank tokenized memes, creating a self-governed digital creative and collectible content market. By integrating incentivized community governance, Meme Factory supports creative freedom, fosters innovation, collaboration, and positive participation in the growing blockchain digital collectibles ecosystem.
Source: education.district0x.io
Stream Tide
Stream Tide is a platform that uses quadratic funding to accept small and large donations and convert them into significant rewards for creators. By hosting open source sponsorship events, Stream Tide supports creators, promotes creative sharing, and shapes a decentralized future work model. It embodies the mission of district0x - empowering individuals, promoting community-driven innovation, and creating sustainable financial opportunities. Through its transparent and decentralized approach, Stream Tide facilitates meaningful connections between supporters and creators, ensures fair funding distribution, and promotes innovation and collaboration within the Web3 ecosystem.
Source: district0x.io
The district0x project has always been committed to expanding its network by launching new districts, improving the d0xINFRA framework, and demonstrating the potential of decentralization. With the upcoming district design and creation platform, users will be able to easily build their own decentralized applications, promote innovation, empower communities, and avoid censorship or interference from intermediaries.
district0x transparency
Transparency is the cornerstone of district0x. Donations are securely stored in a multi-signature wallet and accessed through a public address. Wages paid to service providers are completely transparent, ensuring accountability and trust. The project's open-source code is hosted on GitHub and is licensed under the Eclipse Public License, encouraging community collaboration and innovation. The detailed roadmap lists key milestones, and quarterly reports provide the latest information on project activities and finances, covering from 2017 to the present. These reports offer a comprehensive view of progress, achievements, and future plans, further reinforcing district0x's steadfast commitment to openness, integrity, and credibility.
district0x Governance
The governance of the district0x network is managed through Aragon, a platform designed to deploy decentralized autonomous organizations (DAOs) on the Ethereum blockchain. Each district created within the district0x ecosystem generates a corresponding Aragon entity as its governance layer. This setup ensures that all decision-making processes, from voting to role assignments, are executed in a transparent and democratic manner.
Aragon provides a user-friendly interface to manage the key components of district governance, including voting rights allocation, role assignment, and financial accounting. Stakeholders can customize the governance framework by modifying the district's charter to align with community needs and goals. Participants stake district0x network tokens (DNT) on the network's staking interface to mint tokens representing voting rights. These rights empower token holders with the ability to influence critical decisions, including platform design, functionality, codes of conduct, and feature integration.
The governance structure of each district is pre-configured with a proposed charter, which participants can modify through community voting. This adaptability allows districts to organically develop while maintaining user-driven control. Integrating Aragon ensures decentralized, transparent, and flexible governance, fostering a collaborative environment where stakeholders shape the future of their digital market and community.
What is DNT coin?
DNT is the token that powers the decentralized network governance of district0x. Its total supply is 1 billion units, and all tokens are already in circulation (as of January 2025).
district0x Network Token (DNT) is a versatile ERC-20 token that empowers governance and participation in the entire district0x ecosystem. Released in 2017, DNT supports governance across the network and decision-making for specific districts through a decentralized framework. By staking DNT, participants can gain voting rights in Aragon entities related to specific districts, directly influencing the operation, design, and policies of the districts.
The DNT token also plays an important role in broader network governance. Token holders can express their preferences for new districts, make change proposals, and participate in decision-making through the district0x Feedback DApp. As the governance system evolves over time, future improvements will empower token holders to fully control network operations.
The genesis minting amount of DNT token is 1 billion, which was distributed to contributors, founders, advisors, and early contributors, with a vesting schedule to ensure gradual token release. During the first fundraising round in mid-2017, district0x raised over 43,000 ETH and distributed 600 million tokens to participants. Subsequent fundraising stages (v0.2 and v0.3) were reserved for supporting roadmap milestones, but only conducted when further funding was required.
The DNT token is at the core of specific block governance. Staking DNT allows participants to forge block voting rights, which are proportional to the size of the deposit pool and can be transferred to other blocks after unstaking. This dynamic governance mechanism ensures an actively engaged community, promotes the evolution of the district0x network, and fosters transparency and cooperation.
Is DNT worth investing?
By implementing decentralized governance within the district0x network, DNT provides a unique utility that allows token holders to shape the development of the district and participate in decision-making. This focus on community-driven markets and transparent governance aligns well with the growing demand for decentralized solutions. However, the success of the project relies on user adoption and attracting and retaining active participants. If adoption stagnates or competition from other decentralized platforms intensifies, the ecosystem may face challenges in scaling and maintaining relevance in the broader blockchain market.
How to own DNT?
To own DNT, you can use the services of a centralized cryptocurrency exchange. First,Create a Gate.io accountAnd complete the verification and recharge. Then, you can buy DNT following the steps.
district0x news
Despite the lack of major news in recent weeks, district0x has launched a brand new educational portal. This comprehensive platform provides valuable resources on cryptocurrency, Ethereum, Web3, and district0x-specific topics. The portal aims to empower users with knowledge and skills, making it a must-visit destination for those eager to explore decentralized technology, enhance their understanding of the Web3 domain, and deeply engage in the district0x ecosystem, promoting innovative and informed participation.
district0x News
To learn more about district0x, please visit:
Take action on DNT
ViewToday's DNT priceAnd start trading your favorite currency pairs.
相关文章
What Are Altcoins?
What Is Ethereum 2.0? Understanding The Merge
What Is Dogecoin?
What is district0x? What is DNT coin?
What is district0x (DNT)?
How does district0x work? d0xINFRA and Districts Registry
district0x Use Cases
district0x ecosystem
Transparency of district0x
district0x Governance
What is DNT coin?
Is DNT worth investing in?
How to own DNT?
district0x news
District0x News
Take action on DNT
What is district0x? Everything you need to know about DNT
district0x (DNT) is a decentralized marketplace and community network powered by Ethereum and Aragon, enabling governance and collaboration.
The rise of decentralized technology has changed the way online platforms operate, eliminating the reliance on traditional centralized intermediaries that often charge high fees and control the evolution of platforms. Thanks to innovations such as trustless network design and the Ethereum protocol, users are now able to autonomously organize and manage platforms. These advancements enable communities to self-govern and allocate governance rights, keeping economic incentives aligned with user participation. These tools allow individuals to build and control the digital spaces they use in their daily lives. district0x utilizes these technologies to establish decentralized, user-governed markets and communities.
What is district0x (DNT)?
district0x (DNT) was founded by Joe Urgo and Matus Lestan in January 2017, aiming to create a decentralized marketplace and community network. Urgo is an experienced cryptocurrency advisor and derivatives trader, as well as the founder of the tokenization consulting firm Sourcerers. Lestan is a technical expert with years of experience in web and mobile app development, serving as the chief developer of district0x. Their first project, Ethlance, is a blockchain-based job marketplace that showcases the potential of decentralized networks.
In June 2017, district0x held its first token issuance (ICO), raising 43,169 ETH (approximately $9.78 million at the time). The funds were used to support the deployment of the district0x network, which aims to eliminate rent-seeking intermediaries and empower communities to autonomously manage their economies. The network infrastructure, called d0xINFRA, is designed to support decentralized markets collectively referred to as 'districts.' Key milestones include the deployment of staking and governance modules, as well as the launch of platforms such as Name Bazaar and Meme Factory.
By early 2019, district0x expanded its collaboration model by inviting external teams to participate in development, management, and marketing. The team began upgrading existing districts, such as migrating Ethlance to Layer 2 for scalability. The district0x roadmap also outlines plans to expand district functionality through auxiliary modules and transfer project governance to token holders through decentralized autonomous organizations (DAOs).
district0x focuses on community-driven innovation, dedicated to decentralized online markets, providing governance tools for users, and promoting the development of trustless economic systems.
How does district0x work? d0xINFRA and Districts Registry.
The d0xINFRA framework forms the core of the district0x ecosystem, facilitating the creation and operation of decentralized platforms (referred to as 'districts'). These districts, as independent markets or communities, leverage the powerful infrastructure of d0xINFRA to seamlessly operate on the Ethereum blockchain. The framework combines open-source Solidity smart contracts and frontend libraries hosted on IPFS. These components together ensure the decentralized, secure, and transparent operation of all districts within the network, providing developers and communities with a modular and scalable foundation.
The core function of d0xINFRA is to provide the basic functions needed to create and manage districts. Its backend relies on a shared d0xINFRA contract architecture and is enhanced through district-specific extensions. This allows each district to maintain consistent operational basics while customizing its functionality according to unique needs. For the user interface, d0xINFRA supports reusable components to simplify development, while allowing each district to maintain visual diversity. This modular design ensures the efficiency, adaptability, and scalability of the ecosystem, enabling districts to meet various usage scenarios.
Source: district0x Whitepaper
One of the highlights of d0xINFRA is its auxiliary module system. The auxiliary modules enable districts to integrate advanced features such as high-quality content display, proposal insurance, or content moderation tools. For example, a district can implement an advertising module that allows users to bid for prominent display positions or use moderation tools to filter out spam and malicious content. The governance process within each district determines which auxiliary modules are adopted, ensuring community support and consistency in implementing features. Third-party developers are encouraged to contribute to this ecosystem and earn fees through their modules, further enhancing the versatility of the framework.
The district0x team continues to improve d0xINFRA by deploying new districts, which serve as testing platforms for innovative features. These deployments showcase the capabilities of the framework while supporting the grand vision of creating decentralized markets and community networks. Each district serves as a demonstration of decentralized potential and becomes a tool for driving ecosystem development. With its modular and open-source design,
d0xINFRA empowers developers and users to build, govern, and scale their districts, making them the foundation of district0x's mission to democratize online platforms. This comprehensive framework is the key to unlocking decentralized applications and governance for the future.
Districts Registry
The Districts Registry is a decentralized, token-curated registry that serves as the core of the district0x ecosystem, acting as a community-vetted whitelist of valuable and non-malicious districts. This registry ensures that only trusted and beneficial districts have access to the full functionality and resources of the district0x network. Through reliance on decentralized and incentivized voting mechanisms, the Districts Registry promotes transparency, community participation, and the integrity of the district0x platform.
To enter the Districts registry, potential district creators must submit a proposal and pay district0x Network Token (DNT) as a deposit. The proposal typically includes a detailed description, relevant links, a logo, and an outline of the governance structure for potential token pledgers. The application then enters a challenge period during which any DNT holder can raise objections by initiating a challenge. If there are no challenges, the proposal will be automatically accepted, and the initial deposit will be transferred to the pledging pool of that district, granting governance rights to the creator. However, if there is a challenge, a voting process will take place, allowing DNT holders to decide the fate of the proposal.
Challenges in the Districts registry are carried out through a commitment-revealing voting mechanism. DNT holders vote with weighted votes based on their token holdings to support or oppose proposals. The outcome determines whether a proposal is accepted or rejected. Successful applicants or challengers will have their deposits returned, while forfeited deposits are distributed to the winning voters. This incentive mechanism ensures active participation in the community and prevents meaningless challenges.
Source: district0x Whitepaper
Joining the Districts registry provides several benefits for districts, including access to the staking interface for district0x. Here, users can stake DNT to accumulate voting power and influence governance decisions within district Aragon entities. This governance structure enables token holders to vote on district upgrades, auxiliary module integrations, and other key functionalities, ensuring democratic oversight and collective decision-making.
The flexible parameters of the Districts registry, such as deposit requirements and voting deadlines, can also be modified through community governance. This adaptability ensures that the registry evolves with the development of network demand, maintaining fairness and efficiency. The initial parameters, such as a 1,000 DNT deposit and a one-week challenge period, are defined by the district0x team, but these can be revised through a similar proposal and challenge process.
The Districts Registry aims to embody district0x's commitment to fostering a transparent, user-driven ecosystem. It provides market creators with a structured and democratic approach to joining the network while ensuring alignment with community interests, responsibilities, and values.
district0x use cases
By leveraging Ethereum, district0x enables users to design platforms governed by decentralized autonomous organizations (DAOs). Through its proprietary d0xINFRA framework and auxiliary modules, district0x supports a variety of use cases prioritizing transparency, user governance, and value creation. While Aragon has played a role in implementing DAO governance, district0x continues to evolve independently, adjusting its tools and infrastructure to maintain a decentralized and user-driven ecosystem.
- Decentralized Market: district0x enables users to create permissionless markets, where goods and services can be traded directly without intermediaries. These markets benefit from community governance, ensuring that decisions are aligned with user interests. Examples include Ethlance, a decentralized job market, and Name Bazaar, a platform for buying and selling ENS domain names.
- Community-driven platform: district0x facilitates the creation of user-governed communities centered around shared interests. Community members can stake district0x Network Tokens (DNT) to participate in governance, voting on platform upgrades, feature implementations, and content moderation policies. This creates an environment where users actively shape the platform's development.
- Customizable decentralized applications (dApps): Through its modular design, district0x allows developers to extend district functionality through auxiliary modules. These modules introduce features such as advertising, premium listings display, or dispute resolution, enabling district to meet niche industry and user needs. Developers can also monetize their contributions by charging usage fees for custom modules.
district0x ecosystem
The district0x ecosystem is a continuously evolving decentralized marketplace and community network, referred to as "districts", designed to operate without intermediaries. Powered by the d0xINFRA framework, these districts showcase the potential of decentralization while providing practical solutions for users worldwide.
Ethlance
Ethlance was launched in January 2017 and underwent Layer 2 upgrade in 2021. It is a decentralized job market that connects freelancers and employers without service fees. As the first district on district0x, Ethlance sets the standard for the network's potential. Users only need enough Ethereum to pay for gas fees to post or apply for positions, including smart contract development, UI/UX design, and DApp development. Built on Ethereum and utilizing Layer 2 technology (using Optimistic Rollups to improve scalability and cost efficiency), Ethlance provides an economically efficient alternative that ensures all transactions are fair and transparent compared to platforms like Upwork.
Source: education.district0x.io
Name Bazaar
Name Bazaar was launched in October 2017 as a peer-to-peer Ethereum Name Service (ENS) domain market. By leveraging Ethereum smart contracts, Name Bazaar provides a secure, trustless platform that allows users to buy and sell ENS domains without intermediaries. This district eliminates additional costs, providing users with a seamless domain trading experience, while ensuring transparency, trust, and decentralization of ownership through blockchain technology. Additionally, Name Bazaar enables users to have full control of their assets and facilitates efficient, economical transactions within the growing ENS domain ecosystem.
Source: education.district0x.io
Meme Factory
Meme Factory enables creators to mint and trade Meme NFTs as rare digital assets, with all transactions taking place on the Ethereum blockchain. The platform is governed by a token-curated registry (TCR) that ensures the quality and authenticity of memes through community voting. Users can mint, trade, or rank tokenized memes, creating a self-governed digital creative and collectible content market. By integrating incentivized community governance, Meme Factory supports creative freedom, fosters innovation, collaboration, and positive participation in the growing blockchain digital collectibles ecosystem.
Source: education.district0x.io
Stream Tide
Stream Tide is a platform that uses quadratic funding to accept small and large donations and convert them into significant rewards for creators. By hosting open source sponsorship events, Stream Tide supports creators, promotes creative sharing, and shapes a decentralized future work model. It embodies the mission of district0x - empowering individuals, promoting community-driven innovation, and creating sustainable financial opportunities. Through its transparent and decentralized approach, Stream Tide facilitates meaningful connections between supporters and creators, ensures fair funding distribution, and promotes innovation and collaboration within the Web3 ecosystem.
Source: district0x.io
The district0x project has always been committed to expanding its network by launching new districts, improving the d0xINFRA framework, and demonstrating the potential of decentralization. With the upcoming district design and creation platform, users will be able to easily build their own decentralized applications, promote innovation, empower communities, and avoid censorship or interference from intermediaries.
district0x transparency
Transparency is the cornerstone of district0x. Donations are securely stored in a multi-signature wallet and accessed through a public address. Wages paid to service providers are completely transparent, ensuring accountability and trust. The project's open-source code is hosted on GitHub and is licensed under the Eclipse Public License, encouraging community collaboration and innovation. The detailed roadmap lists key milestones, and quarterly reports provide the latest information on project activities and finances, covering from 2017 to the present. These reports offer a comprehensive view of progress, achievements, and future plans, further reinforcing district0x's steadfast commitment to openness, integrity, and credibility.
district0x Governance
The governance of the district0x network is managed through Aragon, a platform designed to deploy decentralized autonomous organizations (DAOs) on the Ethereum blockchain. Each district created within the district0x ecosystem generates a corresponding Aragon entity as its governance layer. This setup ensures that all decision-making processes, from voting to role assignments, are executed in a transparent and democratic manner.
Aragon provides a user-friendly interface to manage the key components of district governance, including voting rights allocation, role assignment, and financial accounting. Stakeholders can customize the governance framework by modifying the district's charter to align with community needs and goals. Participants stake district0x network tokens (DNT) on the network's staking interface to mint tokens representing voting rights. These rights empower token holders with the ability to influence critical decisions, including platform design, functionality, codes of conduct, and feature integration.
The governance structure of each district is pre-configured with a proposed charter, which participants can modify through community voting. This adaptability allows districts to organically develop while maintaining user-driven control. Integrating Aragon ensures decentralized, transparent, and flexible governance, fostering a collaborative environment where stakeholders shape the future of their digital market and community.
What is DNT coin?
DNT is the token that powers the decentralized network governance of district0x. Its total supply is 1 billion units, and all tokens are already in circulation (as of January 2025).
district0x Network Token (DNT) is a versatile ERC-20 token that empowers governance and participation in the entire district0x ecosystem. Released in 2017, DNT supports governance across the network and decision-making for specific districts through a decentralized framework. By staking DNT, participants can gain voting rights in Aragon entities related to specific districts, directly influencing the operation, design, and policies of the districts.
The DNT token also plays an important role in broader network governance. Token holders can express their preferences for new districts, make change proposals, and participate in decision-making through the district0x Feedback DApp. As the governance system evolves over time, future improvements will empower token holders to fully control network operations.
The genesis minting amount of DNT token is 1 billion, which was distributed to contributors, founders, advisors, and early contributors, with a vesting schedule to ensure gradual token release. During the first fundraising round in mid-2017, district0x raised over 43,000 ETH and distributed 600 million tokens to participants. Subsequent fundraising stages (v0.2 and v0.3) were reserved for supporting roadmap milestones, but only conducted when further funding was required.
The DNT token is at the core of specific block governance. Staking DNT allows participants to forge block voting rights, which are proportional to the size of the deposit pool and can be transferred to other blocks after unstaking. This dynamic governance mechanism ensures an actively engaged community, promotes the evolution of the district0x network, and fosters transparency and cooperation.
Is DNT worth investing?
By implementing decentralized governance within the district0x network, DNT provides a unique utility that allows token holders to shape the development of the district and participate in decision-making. This focus on community-driven markets and transparent governance aligns well with the growing demand for decentralized solutions. However, the success of the project relies on user adoption and attracting and retaining active participants. If adoption stagnates or competition from other decentralized platforms intensifies, the ecosystem may face challenges in scaling and maintaining relevance in the broader blockchain market.
How to own DNT?
To own DNT, you can use the services of a centralized cryptocurrency exchange. First,Create a Gate.io accountAnd complete the verification and recharge. Then, you can buy DNT following the steps.
district0x news
Despite the lack of major news in recent weeks, district0x has launched a brand new educational portal. This comprehensive platform provides valuable resources on cryptocurrency, Ethereum, Web3, and district0x-specific topics. The portal aims to empower users with knowledge and skills, making it a must-visit destination for those eager to explore decentralized technology, enhance their understanding of the Web3 domain, and deeply engage in the district0x ecosystem, promoting innovative and informed participation.
district0x News
To learn more about district0x, please visit:
Take action on DNT
ViewToday's DNT priceAnd start trading your favorite currency pairs.
相关文章
What Are Altcoins?
What Is Ethereum 2.0? Understanding The Merge