DNT Crypto (district0x) explodes by +100% in 12h, is it a serious crypto? By Investing.com


Investing.com – The cryptocurrency, currently the 401st largest in the market, is by far the best performer in the top 500, with a gain of more than 100% over 24 hours at the time of writing.

The rise of the DNT crypto started late yesterday afternoon, and seems to have accelerated very strongly when it crossed the symbolic cap of $0.1, an essential technical cap. The district0x (DNT) cryptocurrency thus marked an all-time high early Monday morning at $0.1979.

The official (NYSE:) district0x Twitter account doesn’t offer any information that could explain the bullish outburst, but did acknowledge the move with a bit of humor:

What is DNT crypto?

DNT, which is based on ERC-20, is the native token of District0x. For the uninitiated, District0x is a network of decentralized marketplaces and communities. Users can easily launch their own decentralized platforms, governed by a DAO (Decentralized Autonomous Organization) structure using this platform.

the website of cryptocurrency states that:

“The district0x project was founded in February 2017 with the goal of launching a network of decentralized marketplaces to eliminate rent seeking, facilitate community-governed economies, and forego third-party data collection. »

Each of these decentralized entities is known as a “district”. They are built on a standard open-source framework consisting of smart contracts and front-end libraries, also known as d0xINFRA.

According to the district0x whitepaper, the project provides districts with the basic functionality that is needed to operate an online marketplace or community.

What is unique about district0x is that unlike other platforms, it does not charge any fees for launching new apps. Here developers can create a district for free. However, a refundable deposit must be paid for districts to be added to District0x’s district registry.

Unlike many tokens, DNT crypto therefore displays a specific project, and offers real and useful functions. In addition, the study of the white paper and the website of the DNT Crypto project, also inspire confidence a priori, with a clearly identified team, and undeniable efforts of transparency, with regular reports. However, this does not in any way guarantee the absence of risk for those who wish to buy the DNT crypto.

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DNT Crypto (district0x) explodes by +100% in 12h, is it a serious crypto? By Investing.com


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