What is district0x and how to exchange DNT at the best rates
district0x

district0x

 DNT

In recent years, the concept of decentralization and online marketplaces has become well-established. Companies such as Amazon, Uber, and Airbnb have become immensely popular and achieved massive valuations, causing disruption in a number of industries. These companies have definitely provided lower prices along with improved user experience. However, platform users typically don’t have a say-so when it comes to the evolution of these platforms along with their respective costs.

district0x Exchange Rate

DNT by TradingView

Typically, only leaders at the top are able to make important decisions regarding fee structures, user experience, and usage. The opinions of the users often go neglected. Therefore, they have to rely on centrally controlled platforms that don’t allow them to participate in the value creation derived from their use. One cryptocurrency project by the name District0x is trying to solve these problems through the introduction of DAOs (decentralized autonomous organizations). Let’s take a deep dive into District0x.

What is District0x?

District0x is an Ethereum-based decentralized community of marketplaces and organizations referred to as “Districts”. The name “District0x” is derived from two things; “District” and “0x.” Districts in this case represent the marketplaces and communities that serve as the foundation of the network. The 0x prefix at the end is a nod to the Ethereum network as these two symbols make up all Ethereum addresses. If you are familiar with computer science, then you are well aware that the prefix “0x” is also used at the beginning of all hash values.

The main goal of District0x is to establish a thriving community of marketplaces such as Uber and Airbnb, but without the centralized economic model behind them. It does so by introducing a number of tools that align decision making and incentives with the market participants themselves. This way, District0x solves some of the inefficiencies and coordination issues that plague a majority of community marketplaces. The end goal is to enable the existence of a self-sustaining economy that can grow without the need for central authority.

Key Features

Some of the key features of District0x include:

  • District0x is a blockchain-based platform that allows users to both construct and manage decentralized markets and communities referred to as Districts.
  • The District0x platform provides users with all the tools and functionalities that are required to develop and run an online market and community. Some of the tools include posting listings and making payments.
  • Every District in the District0x ecosystem is governed by a decentralized snapshot voting mechanism
  • District0x’s native crypto DNT enables participants acquire voting rights within every single District.

DNT Coin

DNT coin, otherwise known as the District Network Token, is District0x’s native ERC20 cryptocurrency. It was initially created to facilitate coordination and participation in the development of the District0x network. The team behind District0x created it with a vision of it being a platform that would be fully owned and governed by its users. Therefore, users would require DNT crypto to gain influence over marketplaces that would be deployed on the platform.

Additionally, users can use DNT to acquire DVT which represents voting shares within particular marketplaces. Through them, users can have a say in developing markets being built on the platform. As a user you can stake DNT tokens to determine which districts are permitted to operate on the network.

District0x and Transparency

District0x is a community-centric project. Therefore, the team behind District0x believes that transparency is a very key factor. For this reason, they have decided to be as transparent as possible, offering as much information as possible regarding District0x’ network progression and the usage of contributions from supporters. All information that is available include:

Project Roadmap.District0x has made a public roadmap that shares all the planned key milestones for the project.

Wages Paid. District0x has made all the wages that they pay to service providers public for anyone to access and see.

Multisig Wallet. All District0x contributions are stored in a multisig wallet where anyone and everyone can see them.

Github Repository. The District0x project is open source. It’s a project that’s under the Eclipse Public License.

Powered by District0x

The District0x network is made up of Districts. These Districts exist as decentralized entities that are built upon the d0Xinfra framework. Some examples of Districts that are powered by District0x include:

Ethlance.Ethlance is the first District within the District0x platform. It’s a freelance job market that allows both employers and employees to create profiles where they can both post and apply for jobs.

Name Bazaar. This is the second District to ever be deployed on the District0x network. It is a P2P marketplace for domain names. Sellers have the option of setting their prices in ETH or any other ERC20 token.

Meme Factory.The third District deployed on District0x is Meme Factory. Just as its name suggests, this district will allow participants to mint and sell their own tokenized memes. Meme Factory is about to relaunch on Polygon

Roadmap

If you are familiar with the District0x roadmap, then you are aware that the project still has a long way to go. At the moment, there exists three Districts on the District0x network. They include Meme Factory, Name Bazaar, and Ethlance. These three Districts were originally outlined in the original District0x whitepaper. So far, there are over 200 district proposals on the district0x GitHub currently available to be built out by either the core team or any other development studio, alluding to the fact that many people see great potential in the platform. While no specific dates have been provided for future Districts to be launched, one can only imagine that the future looks bright for District0x.

Where can I buy District0x with crypto or exchange ETH to DNT?

If you are asking yourself, “where can I buy District0x with ?” then you came to the right place. Through Swapzone, you can easily conduct your DNT exchange without the hassles of registering or giving out personal information. Here’s a step-by-step procedure on how to do it:

  • Step 1. Launch Swapzone on your computer browser.
  • Step 2. In the “select pair” tab choose ETH as the coin that you wish to exchange to receive XLM.
  • Step 3. In the section “get up to” enter DNT.
  • Step 4. After you’ve entered these details along with the correct amount, Swapzone will provide you with a number of DNT exchange offers from the exchange platforms it has partnered with.
  • Step 5. Go through the different offers and select the one that you want.
  • Step 6. Once you’ve narrowed down an offer you want, select it and click on “exchange” to proceed.
  • Step 7. Do provide a wallet address to receive your DNT. You may also provide additional details if you so wish. Click on “proceed to exchange” to initiate the process.
  • Step 8. Once the transaction begins, it may take a while before your coins show up in your wallet. Just give it a few minutes.
  • Step 9. The process will finalize and you will receive your coins at your wallet address. After this, just take a moment to rate the experience and leave behind an honest review.

District0x Wallets

Currently, there is a huge number of wallets that can hold DNT available in the market. Every wallet comes with unique features. Therefore, it’s a little hard to recommend one wallet that can cover all your needs. If you want a wallet that you can use regularly, we suggest using a mobile or online wallet. If you want a wallet to hold DNT for the long term, then we recommend a hardware wallet. With that said, below are the best District0x wallets in every wallet category.

  • Desktop Wallets: Bitcoin Knots Wallet, InflationCoin Wallet
  • Mobile Wallets: Coinbank, Coinbase, InflationCoin Wallet
  • Online Wallets: Coinbase Wallet
  • Hardware Wallets: Ledger Nano S and X, Trezor Model T hardware, CoolWallet S

Popular pairs to convert district0x

Frequently asked questions

What is the district0x exchange rate?

arrow

An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.

There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.

Where to find the lowest transaction fees?

arrow

Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.

If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.

What is average transaction time?

arrow

Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.

The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.

The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.

How to choose a cryptocurrency wallet to store district0x?

arrow

To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.

There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.

If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.

What is the best cryptocurrency exchange for beginners?

arrow

There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.

To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.

What is Swapzone?

arrow

Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.

Recent articles

Browse all

Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.