District0x (DNT) Soars 25%+ As Price Hits $0.0453

District0x (DNT) has soared over 25% since its open price on July 29. DNT is currently trading at $0.031792 against the US dollar.

0

District0x (DNT) has soared over 25% since its open price on July 29. DNT is currently trading at $0.031792 against the US dollar.

The crypto is trading nearly 5% lower since morning and is likely to a rebound in the near-term.

The crypto had seen its price surge from a low of $0.0374 to hit a high of $0.068 in a single day. The token has since dipped below pre-pump values as the market is dominated by bears.

District0x (DNT) Soars 25%+ As Price Hits alt=

DNT/USD is trading +28.9% higher on the weekly charts. Significantly, DNT has also made gains against both BTC and ETH pairs. At the moment, the token has lost by over 3% and 5% against BTC and ETH respectively.

district0x had an intraday trading volume of over $37 million on the day the coin pumped. Over $700,000 worth of DNT tokens traded in the last 24 hours. The coin has witnessed a sharp decline in its intraday volumes following the pump.

According to CoinMarketCap, the crypto saw a surge in trading activity that has led to an exponential increase in average volumes. Before July 29, the token had struggled to reach $1 million in trading volume.

District0x (DNT) Soars 25%+ As Price Hits alt=Most of DNT volume is generated on three exchanges: Binance, Bittrex, and Upbit. Binance contributes more than 50%, while Bittrex and Upbit contribute 21.76% and 19.27% respectively.

The market cap is now sitting $19 million after a general selloff on the market over the last two days.

Weekly update

Much of the excitement about district0x could be down to its latest weekly update. The community has several projects that will soon be launching.

According to their July 28 update, the network asked its community to watch out for a string of great news this week.

“We are reaching the culmination of many long-term projects and we are excited to share much of this new content with the community soon”

One of the most anticipated projects is Meme Factory. Users can currently earn DANK tokens by sharing memes.

Meme Factory is designed to provide “an interface for the creation of provably rare digital assets on the Ethereum blockchain which can be immediately posted to a bulletin board-style marketplace for exchange.”

Other projects (districts) already on the platform include Ethlance which is decentralized job market launched in January 2017.

The other is Name Bazaar, a peer-to-peer marketplace that allows members to exchange names on the Ethereum Name Service. Name Bazaar was launched in October 2017.

About Distric0x and DNT token

District0x Network (DNT) comprises decentralized marketplaces and communities that exist as Decentralized Autonomous Organizations (DAOs).

They utilize the open-source framework based on the Ethereum smart contracts. Also important is their use of front-end libraries, called d0xINFRA.

According to district0x, d0xINFRA is an open-source framework that is currently under development.  It comprises smart contracts as well as front-end libraries that make it possible for new districts to be created and deployed.

d0xINFRA are designed to help users or communities access the functionalities necessary for the operating online markets or decentralized communities. The district0x Network Token (DNT) is useful as it allows staking. A user who has staked their DNT can then vote in any project on the network.

Leave A Reply

Your email address will not be published.