District0x is a network that is a collective of decentralized autonomous marketplaces and communities, known as “Districts”, that strive to solve the coordination issues and inefficiencies seen within most distributed marketplaces.
This article will take a deep dive into the District0x project to understand what it is all about and how it works. We shall also explore its native DNT token to understand its use cases, predict its price until 2030, and list exchanges where the token can be traded, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is District0x (DNT)?
District0x is an Ethereum-based protocol that allows developers to create decentralized marketplaces and communities on the open-source d0xINFRA network. The project aims to build a frictionless virtual economy where users will be able to make all buying and selling decisions, complete transactions, and even rank their peers.
District0x is working on developing a flexible, and open market using advanced entrepreneurial concepts.
The decentralized marketplaces and communities called Districts exist on top of an open-source framework of Ethereum smart contracts. The districts are powered by the network universal native ERC-20 token known as DNT that owners can use to access and even help govern specific communities.
How Does District0x Work?
At its core, District0x is a decentralized network of marketplaces and communities called Districts that are powered by smart contracts issued on Ethereum, governed by Aragon, and function on IPFS. Currently, there are three active districts in District0x, which are:
- Ethlance
This is a decentralized job market platform where employers can connect with freelancers and developers. Its database is run entirely on Ethereum, while front-end source files are distributed on IPFS.
- Name Bazar
Name Bazar is a peer-to-peer marketplace for trading domain names registered via the Ethereum Name Service.
- Meme Factory
Meme Factory allows District0x users to create and trade rare digital collectibles in the form of memes on the Ethereum network.
District0x also has a staking district, where DNT holders have open control over all districts through an Aragon-based governance layer for all markets that are online. When a user enters this district, an Aragon smart contract is created that can be communicated with, and the user will receive voting rights in that district.
What is the District0x (DNT) Token?
DNT is the native utility and governance token of the District0x network. It has multiple use cases on the decentralized network, such as using it as a means of facilitating open participation and coordination on the network, paying trading and network fees, signaling what districts should be built and developed by the team, and gaining access to voting rights in any district.
District0x has a total supply of 1 billion DNT with a market capitalization of $45.76 million, and all of them are currently in circulation. Over the last 24 hours, the token managed to attain a trading volume of $3.30 million.
District0x (DNT) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, DNT is trading at $0.04576 – up 8.8% in the last 24 hours. Based on its current market value, we have projected the minimum, maximum, and average prices at which the District0x token will trade between 2024 and 2030.
Please note the numbers given below are speculative and could change depending on how the DNT token performs in the market.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
|---|---|---|---|
| 2024 | $0.02450 | $0.03364 | $0.1950 |
| 2025 | $0.03052 | $0.07309 | $0.1080 |
| 2026 | $0.07041 | $0.1590 | $0.5038 |
| 2027 | $0.04121 | $0.04610 | $0.2338 |
| 2028 | $0.04299 | $0.05587 | $0.09651 |
| 2029 | $0.04917 | $0.06213 | $0.2196 |
| 2030 | $0.01007 | $0.01357 | $0.05883 |
Where to Buy District0x (DNT) Tokens?
DNT can be purchased and traded on the following cryptocurrency exchanges:
- Coinbase
- Upbit
- Gate.io
- Bitvavo
- CoinEx
- WhiteBIT
- CEX.IO
- Mercatox
- Indodax
Is District0x (DNT) a Credible Cryptocurrency Investment?
District0x is billed as a network of decentralized markets and communities that allows users to easily launch their own decentralized platforms, governed by a decentralized autonomous organization-inspired (DAO) structure.
The districts can be launched free of cost and are powered by the custom d0xINFRA framework that provides smart contracts and libraries which can be used when building to enable a wide range of potential use cases for the communities.
While the districts are hosted on the Ethereum blockchain, Aragon is used as the governance layer where DNT holders can stake their tokens to gain voting rights, and IPFS is used for uploading data to the districts.
Looking at its price prospects, it is clear that District0x has a long way to go before establishing itself in the highly competitive market. All things considered, I would recommend District0x and DMT as a credible crypto investment due to the solutions they offer for establishing frictionless decentralized communities and marketplaces that can be managed by their members.
As with all cryptocurrencies, DNT is prone to extreme price dynamics of the crypto market. Therefore, you must thoroughly research Distirct0x and learn its benefits and risks before making any investment decision.
Read more: Hive (HIVE) Price Prediction 2024 – 2030, Where To Buy, Is It A Good Investment?
