district0x Network Token (DNT) API and Price Oracle

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district0x Network Token

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is district0x Network Token (DNT)?

district0x Network Token (DNT) is the native token of the district0x platform, a decentralized marketplace for creating and governing online communities. It was launched in 2017 by Joe Urgo and Matus Lestan under their company Name Bazaar. DNT holders can participate in the platform's governance and decision-making processes. The name district0x refers to the concept of decentralized districts or communities on the blockchain.

How does district0x Network Token work?

The district0x Network Token (DNT) operates on the Ethereum blockchain, making use of its smart contract functionality. It is an integral part of the district0x network, which aims to create and manage decentralized marketplaces, called "districts," governed by DNT holders.

Within the district0x ecosystem, DNT serves several purposes. First and foremost, it acts as a governance token, enabling users to participate in the decision-making process regarding the development and management of districts. This means that DNT holders have voting rights on proposals related to the network's functionality, upgrades, and new features.

Furthermore, DNT is used to signal support for districts and their corresponding proposals. By staking DNT, users can show their belief in the value and success of a particular district. This stake also has an impact on the weight of a user's vote in the governance process, giving more influence to those with a higher stake.

Additionally, users can pay fees within the district0x marketplace using DNT. This creates an ecosystem where DNT fuels the activity and functionality of districts, allowing users to interact and transact within these decentralized marketplaces.

In summary, the district0x Network Token (DNT) leverages the Ethereum blockchain and smart contract capabilities to enable governance, voting, and value exchange within the district0x network. It empowers users to participate in decision-making, show support for districts, and facilitates transactions within the decentralized marketplaces.

What are the benefits of district0x Network Token?

The district0x Network Token (DNT) offers several benefits that make it stand out from its direct competitors. Firstly, DNT serves as a utility token within the district0x ecosystem, enabling holders to participate in the governance of the network. This gives token holders voting rights and the ability to shape the future direction of the platform.

Compared to its direct competitors, DNT has a unique emphasis on decentralized governance. This means that decision-making within the district0x ecosystem is distributed among token holders, rather than being controlled by a centralized authority. This democratic approach fosters a more inclusive and transparent ecosystem, ensuring that all participants have a say in the platform's development.

Another benefit of DNT is its ability to incentivize network participants. By staking DNT, users can earn rewards for their contributions to the network. This incentivization mechanism encourages active participation and fosters a vibrant community.

DNT also offers interoperability with other decentralized applications (dApps) built on the Ethereum blockchain. This allows for seamless integration with existing dApps and expands the potential use cases and adoption of DNT.

In conclusion, the district0x Network Token (DNT) distinguishes itself through its focus on decentralized governance, which empowers token holders to shape the platform's future. Additionally, the ability to earn rewards and interoperability with other dApps further enhances its value proposition compared to its direct competitors.

What is district0x Network Token used for?

The district0x Network Token (DNT) is the native cryptocurrency of the district0x Network, a decentralized platform for creating and governing online marketplaces and communities. DNT is primarily used for governance purposes within the network.

One of the common use cases for DNT is voting on proposals and decision-making within the district0x Network. Holders of DNT can stake their tokens and participate in the governance process by voting on important matters that affect the network. This gives token holders a say in the development, policies, and decisions of the district0x Network.

Additionally, DNT can be used as a means of payment within the district0x Network. Users can use DNT to pay for services or purchase goods within the various marketplaces and communities that are built on the network. This provides a seamless and transparent payment option within these decentralized applications.

As for a specific case, let's consider a marketplace built on the district0x Network that focuses on digital art. Artists and creators can list their artwork for sale, and buyers can purchase these digital art pieces using DNT as the payment currency. This ensures that the transaction is recorded on the blockchain, providing a secure and immutable record of ownership.

In summary, the district0x Network Token (DNT) is primarily used for governance within the district0x Network, allowing token holders to participate in decision-making. It can also be used as a payment currency within the decentralized applications built on the network, providing a seamless and transparent transaction mechanism.

What is DIA's district0x Network Token API?

DIA's district0x Network Token API is part of their API endpoints that provide real-time price feeds of various crypto assets. These price feeds are constructed using raw data sourced from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in high-quality and reliable information.

DIA offers free API endpoints for developers to test, as well as fully customizable custom feeds. The free API endpoints can be accessed on the asset's detail page within the DIA App. They are provided in a standardized format for informational purposes and serve as a simple testing solution for developers.

However, the true value lies in DIA's custom feeds. When users require a specific configuration for their data feed, DIA is able to build a dedicated API price feed tailored to their needs. These custom feeds can be customized in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The use cases for DIA's API are vast and can benefit the blockchain ecosystem in numerous ways. In the DeFi space, this price information can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFT space, DIA's API can enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative applications.

In summary, DIA's API endpoints offer both free feeds for testing purposes and customizable feeds tailored to specific needs. The custom feeds provide a more comprehensive and personalized solution for users seeking precise and reliable data feeds. Whether it's for DeFi or NFTfi applications, DIA's APIs provide valuable price information for various use cases within the blockchain industry.

What is DIA's district0x Network Token price oracle?

DIA's district0x Network Token price oracle is a smart contract that provides real-time price feeds for various crypto assets. DIA has integration with over 35 layer 1 and layer 2 networks, allowing them to deploy price oracles across multiple blockchains. These oracles are constructed using raw data from more than 85 cryptocurrency and NFT exchanges, incorporating billions of individual trades. DIA's oracles offer a level of data accuracy and reliability that sets them apart from other web3 data providers.

While DIA provides free demo oracles for developers to test, these are exclusively for testing purposes and cannot be integrated into production applications. However, DIA offers custom price feed oracles that can be tailored to specific requirements, including sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA through Discord or Telegram.

DIA's price oracles have a wide range of use cases within the blockchain ecosystem. They can be utilized in various DeFi applications, such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets. Additionally, NFTfi applications like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization can also benefit from DIA's price oracles.

It's important to note that a blockchain oracle, in this context, refers to an external information provider that supplies verified data from outside the blockchain to smart contracts.

Why use DIA's DNT API & price oracle?

DIA's DNT API and DNT Price Oracle offer a range of benefits for users in the blockchain ecosystem. These technologies provide access to accurate and reliable price data for cryptocurrencies and NFTs. The key advantage of using DIA's API or Price Oracle for a specific token is the high level of customisation available.

With DIA's technology, users can tailor each oracle and API endpoint to their specific needs. This includes configuring the data sources that make up the feed, applying data cleaning filters and pricing methodologies to determine price points, and determining the frequency and mechanisms for updates. By customising the feed, the data and oracle can remain robust and resilient to varying market conditions.

Additionally, DIA's API and oracles offer a high level of transparency. Users can trace the entire data journey and benefit from full and granular transparency. DIA also provides tracking and monitoring tools to closely follow the oracle and API feeds.

Overall, leveraging DIA's DNT API and DNT Price Oracle allows users to access accurate and customised price data for cryptocurrencies and NFTs. The level of transparency provided ensures trust in the data, making DIA a valuable solution in the blockchain ecosystem.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.