Based on Ethereum technology, District0x is a network of decentralized communities and markets or Districts that act as autonomous companies on the District0x Network. You can perform District0x exchange at BestRate. This network is based on the d0xINFRA framework that uses Ethereum smart contracts and front-end libraries distributed on IPFS at its core. This framework operates upon Aragon platform, which aims to create and deploy virtual organizations and entities.
The platform is fueled by the district0x Network Token that facilitates its users’ coordination within the platform’s applications.
What is District0x
District0x is the project that is based on the decentralized market place model. It allows users to participate in creating their own Decentralized Autonomous Organisations. This is an open source project and you can use its frameworks called d0xINFRA in any way that you want.
District0x is based on the technologies of Ethereum, Aragon and IPFS.
The tokens of the District0x are used by holders to participate in this infrastructure and join or create their own Decentralized Organizations.
Advantages of using District0x
The whole network consists of separate marketplaces that are created by the community. These marketplaces are called districts. Any user of the network can create his own District free of charge. You can customize your own District plugins and modules.
District0X Token Network
This special feature was introduced by the developers of the network to provide all users with an opportunity to invest and contribute with any District. Any user can create a District and any user can invest in any district he likes. DNT tokens are used for this purpose.
Nobody is in charge
All the districts are run not by people, but by the strongly coded programs that limit enterprises’ behavior. This means that every district will be fair enough for its users and there will be no negotiations about the decentralized enterprises’ behavior.
DNT is a crypto token and can be bought, sold or exchanged using different services. However, this token can also be used on the platform to create personal districts and to participate in the districts created by the other members of the community.
You can exchange DNT to other coins using special platforms. But it can be great to compare their prices first between each other and choose the best one using aggregators like Bestrate.org.
Nodes are the computers that process every transaction and check the whole blockchain for the ability of contragents to make a transaction. In terms of DNT network, nodes are also used to run decentralized autonomous organizations.
DNT coins can be converted to USD. You can go further and multiply the number of coins by their current price. This amount of USD will be called Market Capitalisation of the whole District0X project.
DNT investment strategy
District0x is the global project that can become a home for several hundreds of new ways to make a contribution. Decentralized Autonomous Organisations are likely to be so functional that the platform where they are held can become one of the most valuable in the whole market. In this case it can be wise to add some DNT coins to one’s investment portfolio. When you will be ready to fix your profit you can easily exchange these coins to Bitcoin or Ethereum using Bestrate.org.
Where to keep District0x
As the DNT is an Ethereum-based coin, it can be stored on the same wallets as other Ethereum coins. One of the easiest way to hold your DNT is to use MyEtherWallet. You can also use cold Ledger Nano S wallet which offers enhanced security to its users.
How to transfer District0x securely
Here are some ideas for you not to lose your money when sending it to someone else.
Never type a wallet address manually
Always use only copy-paste operation to enter a wallet address. Any mistake can cause an error and let your money get lost in the network.
Look up the transaction fee
Any good wallet or an exchange platform will show you the transaction fee for your money transfer. Look for it anytime you send DNT coins to anyone.
Double check the address
Make sure that the address of the recipient is correct and check it several times before sending off the sum, especially if you transfer big amounts of DNT coins at a time.
Test before sending
Anytime you send a huge amount of DNT check the whole procedure on a small amount. When you will be sure that your partner has received the money, do the same thing with the rest of the asset.
How to buy District0x
Choose the cryptocurrency that you want to exchange for District0x and put in the amount.
Select the best District0x rate to make the transaction for District0x exchange.
Put in your District0x wallet address and copy the address provided by BestRate.org. After that, the transaction will be created and processed with its status displayed on your screen.
How to sell District0x
Select the digital currency you want to buy with District0x, put in the amount and repeat the process described above to exchange cryptocurrency.
BestRate.org provides you with the best District0x exchange rates so that you could maximize your profits.