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An overview on DNT Token:
District0x is a service that allows users to easily build their unique decentralized sites which are controlled by only a decentralized autonomous organization (DAO) structure. It is billed as a “network of decentralized marketplaces and communities.”
Each of these crypto currency trading platform is referred to as a “district,” and it is free to start on the district0x. The ecosystem is powered by the one-of-a-kind d0xINFRA framework, which provides a set of core smart contracts and libraries for users to use when constructing their districts, allowing for a wide range of potential use-cases.
The district0x ecosystem’s native currency is DNT, an ERC-20 utility token primarily used for community governance.
The platform makes use of three major technologies: Ethereum, Aragon, and the InterPlanetary File Transfer Protocol (IPFS).
The Ethereum blockchain is used to host districts, while Aragon acts as the governance layer for the district0x network, allowing DNT stakeholders to benefit from governance rights and have a say in the formation and management of their favorite districts. Finally, IPFS is utilized to serve the source code for the district0x website as well as user submissions inside districts.
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