TenX PAY to district0x DNT Exchange

Crypto Pair Details: PAY to DNT

TenX PAY

TenX is a payment platform that facilitates digital and physical modes of transaction for cryptocurrencies to any merchant, even if they don’t accept cryptocurrencies. Physical and digital modes of course, include bank accounts, wallets, debit cards, cash and much more. The primary agenda of the company is to make it easier and faster to use cryptocurrency and accelerate adoption for the industry. The TenX blockchain supports the PAY token, which is the fuel that runs the network and is the cryptocurrency using which transactions on the network are made. TenX came into existence in 2011 and was created by Toby Hoenisch. While at the university, he took a keen interest in cryptography though he believed that there was no success for cryptocurrencies.In 2012, Toby started trading Bitcoin when he got to know a member of bitcoin-community who was not able to open an account in bank and used TenX crypto currency instead. Toby Hoenisch and Michael Sperk started a one-bit start up in 2015 and introduced us to a debit card, through which payments with bitcoin could be done. Cryptocurrency adoption is a longstanding problem - with most cryptocurrencies remaining relegated to the realms of hype and not seeing real-world usage, not as much as the enthusiasts would like, at least. This is an important problem being solved by the TenX coin, which seeks to make it easy for the end user to use cryptocurrencies by removing the hurdles associated with keeping different wallets and using them separately. As with all other investments, it is wise to do your own research, but seeing that TenX seems to be solving unique problems, it may certainly be worth a look.

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.

SOURCE: COINGECKO

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