Imagine owning a virtual parcel of Earthโanchored to real-world coordinates, governed by a decentralized community, and powered by blockchain.
Thatโs the promise of Districts, a groundbreaking metaverse project built on the Realio Network.
At its core lies the $DSTRX token, a governance asset that fuels a dynamic, user-driven digital economy.
๐ What Is Districts?
Districts is a virtual world that mirrors our planet, divided into over 4.8 billion unique โLand Pixels.โ
Each Land Pixel is an NFT representing a specific real-world location, based on H3 resolution 9 geospatial indexing.
The team is developing the platform in phases, starting with the LandRush event, where users claim digital land by staking RIO tokens
๐งฑ How Land Pixels Work
To claim a Land Pixel, users deposit 5,000 RIO tokens into the Land Bank:
๐ฅ 1,000 RIO (20%) is burned
๐ฐ 4,000 RIO is held in the Land Bank and can be redeemed later
๐ Users receive a minting reward of 0.01% of the unminted $DSTRX supply
These Land Pixels can be:
๐ Traded on NFT marketplaces
๐ฆ Sold back to the Land Bank at a โFloor Priceโ (minimum 4,000 RIO)
๐ Staked to earn additional $DSTRX tokens
The initial LandRush focuses on New York City, with plans to expand to cities like Rio de Janeiro, Singapore, and London through community voting.
๐ช The $DSTRX Token: Governance and Utility
$DSTRX is the governance token of the Districts ecosystem, with a fixed supply of 125 million tokens.User activity directly drives its distribution:
๐ฆ 100 million allocated for Land Pixel minting and staking rewards
๐ ๏ธ 20 million reserved for the development team, minted alongside user rewards
๐ง 5 million set aside for liquidity provision on exchanges
$DSTRX tokens are minted when:
๐ A Land Pixel is claimed
โ๏ธ Land Pixels are staked, generating a decreasing stream of $DSTRX rewards
Token holders have voting power to influence platform decisions, like which cities will host future LandRush events or protocol changes.
๐ฆ The Land Bank: Economic Backbone
The Land Bank is the beating heart of Districtsโ economy, storing the RIO tokens users deposit to claim land.
It also establishes a Floor Price for Land Pixels, calculated by dividing total RIO held by the number of minted Pixels.
This ensures a stable minimum value for land and supports a self-sustaining economic model.
๐ฑ Social Impact and Sustainability
Districts isnโt just about digital ownershipโitโs about making a real-world difference.
A portion of proceeds from specific land parcels goes toward nonprofits supporting environmental efforts and disadvantaged communities.
Itโs a fresh fusion of virtual innovation and global responsibility.
๐ Future Phases: Building and Interaction
Districtsโ development roadmap includes:
๐๏ธ Phase 2: User tools for building on Land Pixels, creating a vibrant, user-generated content landscape
๐น๏ธ Phase 3: Enhanced interactivity, opening the doors for broader mainstream adoption
๐ Rare Genesis NFTs: Exclusive Access
In October 2022, Districts rewarded early supporters with 100 Rare Genesis NFTs for staking at least 10,000 RIO tokens. These exclusive NFTs unlock:
๐ Preminted ultra-rare Land Pixels
๐ $DSTRX token rewards
๐๏ธ โKeys to the Cityโ โ the ability to unlock new LandRush events without requiring community votes
๐งญ Final Thoughts
Districts is pioneering a bold new frontier in digital real estate, blending blockchain tech, decentralized governance, and social impact into one immersive platform.
With $DSTRX at the center, users arenโt just buying landโtheyโre shaping the future of virtual communities.
Ready to take your first step into the Districts metaverse? ๐
This isnโt just a project. Itโs a movement.