District0x is a blockchain project comprising a network and a token, DNT. The DNT is an ERC-20 token on the Ethereum blockchain, used within the district0x network. The network is a decentralized platform for creating and operating “districts” or decentralized marketplaces or communities on the Ethereum blockchain. It uses Ethereum smart contracts and front-end libraries to launch and manage decentralized applications (dApps) as districts. DNT is primarily used for governance within the district0x network. Users stake their DNT to gain voting rights in a district’s decision-making processes, managed by an Aragon-powered decentralized autonomous organization (DAO). District0x was founded by Joe Urgo and Matus Lestan. Urgo’s background in cryptocurrency and trading, along with Lestan’s expertise in software development, shaped the vision and execution of the district0x project.
