district0x DNT to NEO NEO Exchange

Crypto Pair Details: DNT to NEO

district0x DNT

The district0x network is a collective of decentralized and autonomous marketplaces and communities, also known as districts. These districts are built upon a decentralized and distributed open-source framework, the d0xINFRA network, which is powered by Ethereum smart contracts. The district0x network aims at creating a friction-free, virtual economy where the users will be able to make buying and selling decisions, complete transactions, and even rank their peers with just one simple click. District0x aims to develop a flexible, and free market with advanced entrepreneurial concepts. The District0x infrastructure has a very neat concept with some well-outlined features, such as the staking interface. A staking interface is put in place that allows DNT holders to have open control over the districts through an Aragon governance layer for all markets that come online. Post creation of a district, an Aragon entity will also be created that people can use to interact with this staking mechanism. After staking a user will receive voting rights in that district. Using the creation interface, one can remove central power structures from any marketplace without the additional need for development or programming skills. It can be described as the WordPress of dApps where the districts being launched are like wordpress templates and the auxiliary modules are WordPress plugins for extended functionality. While it is very difficult to buy lesser known cryptocurrencies using fiat currencies (dollars, euros) directly from crypto-exchanges, district0x or DNT can be easily purchased from various exchanges using Ethereum or Bitcoin as the base cryptocoin. Binance is one of the popular exchange platforms that can help trade Bitcoin or Ethereum for District0x. One can use various wallets like myetherwallet.com to store the district0x (DNT) coins. Coinbase, Blockchain, Exodus, Trezor Hardware Wallet are also wallets that supports district0x. District0x, differs from most coins in its underlying concept and the architecture it is built on. The concept of interconnected districts and marketplaces promises a novel structure to the modern economies. What a lot of users are missing out on is the fact that it is a staking mechanism and not just a voting token. Staking is basically the process of mining the PoS (proof of stake) coins. Early investors will be able to lock their tokens to a specific district on the network, thus being able to participate in its governance later. DNT tokens can be staked in districts, thus they not only give voting power and privileges within that district but also provide district-specific tokens depending on when the investor had started trading. For example, early investors of the PoS token will be able to make decisions about the distribution of profits among stakeholders, the intricacies of the business model etc. DNT can basically be considered as a dynamic stock in the future district0x ecosystem. By joining the district0x, the user receives district0x coins. They allow the owner to exercise the right to vote for district proposals and make decisions within certain districts. This includes, for example, voting on proposals concerning the future of a particular district or setting fees. The scope of shareholders’ rights is outlined in the bylaws and varies according to the specific scope and purpose of each district. District0x platform users can interact with the functions and services provided by each district. Users can also freely create their own districts. For example, on Ethlance, the first district in the District0x network, users can post job offers or search for new jobs.

NEO NEO

NEO is a next generation smart economy platform (formerly Antshares) and China's first open source blockchain that was founded in 2014, is often known as the “Ethereum of China”. What is NEO? NEO uses a smart economy approach to implement its distributed network concept. Its main objective is to digitize assets using the decentralized network of blockchain technology and digital identity. Neo’s main aim is to be the distributed network for “smart economy”. As their website states: 'Digital Assets + Digital Identity + Smart Contract = Smart Economy.' Neo was developed by Shanghai-based blockchain R&D company “OnChain” and funded by two crowdsales: first crowdsale on October 2015 sold 17.5 million NEO tokens for $550,000 and the second crowdsale sold the remaining 22.5 million NEO tokens for $4.5 million. So why NEO? Asset digitization and identity on the NEO platform essentially creates a novel way for asset registration, issuance, and circulation. This means that tangible assets like real estate, company shares or even fiat money can be digitized and traded on the NEO network, thus giving rise to a whole new economy. Its digital identity system allows for integration between the platform and the real world economy. It has custom digital identity standards that enable the creation of electronic identity data for individuals, organizations and even entities. These electronic systems use multi-layered authentication models that include facial and voice recognition as well as fingerprints. All digital assets on the platform enjoy legal protection thanks to the use of digital certificates on its public blockchain. This, in turn, guarantees trust as the system offers an indelible and unalterable record of all entities’ holdings.

SOURCE: COINGECKO

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