๐ŸŒ Districts & $DSTRX: Redefining Digital Land Ownership in the Web3 Era

NewOnBlockchain
4 Min Read
Districts-DSTRX

Imagine owning a virtual parcel of Earthโ€”anchored to real-world coordinates, governed by a decentralized community, and powered by blockchain.
Thatโ€™s 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.

๐ŸŒ What Is Districts?

Districts is a virtual world that mirrors our planet, divided into over 4.8 billion unique โ€œLand 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

๐Ÿงฑ How Land Pixels Work

To claim a Land Pixel, users deposit 5,000 RIO tokens into the Land Bank:

๐Ÿ”ฅ 1,000 RIO (20%) is burned
๐Ÿ’ฐ 4,000 RIO is held in the Land Bank and can be redeemed later
๐ŸŽ Users receive a minting reward of 0.01% of the unminted $DSTRX supply

These Land Pixels can be:

๐Ÿ” Traded on NFT marketplaces
๐Ÿฆ Sold back to the Land Bank at a โ€œFloor Priceโ€ (minimum 4,000 RIO)
๐Ÿ“ˆ 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.

๐Ÿช™ 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:

๐Ÿ“ฆ 100 million allocated for Land Pixel minting and staking rewards
๐Ÿ› ๏ธ 20 million reserved for the development team, minted alongside user rewards
๐Ÿ’ง 5 million set aside for liquidity provision on exchanges

$DSTRX tokens are minted when:

๐Ÿ“ 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.

๐Ÿฆ 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.

๐ŸŒฑ Social Impact and Sustainability

Districts isnโ€™t just about digital ownershipโ€”itโ€™s about making a real-world difference.
A portion of proceeds from specific land parcels goes toward nonprofits supporting environmental efforts and disadvantaged communities.
Itโ€™s a fresh fusion of virtual innovation and global responsibility.

๐Ÿš€ Future Phases: Building and Interaction

Districtsโ€™ development roadmap includes:

๐Ÿ—๏ธ Phase 2: User tools for building on Land Pixels, creating a vibrant, user-generated content landscape
๐Ÿ•น๏ธ Phase 3: Enhanced interactivity, opening the doors for broader mainstream adoption

๐Ÿ”‘ 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:

๐Ÿ’Ž Preminted ultra-rare Land Pixels
๐ŸŽ‰ $DSTRX token rewards
๐Ÿ—๏ธ โ€œKeys to the Cityโ€ โ€” the ability to unlock new LandRush events without requiring community votes

๐Ÿงญ 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 arenโ€™t just buying landโ€”theyโ€™re shaping the future of virtual communities.

Ready to take your first step into the Districts metaverse? ๐ŸŒ
This isnโ€™t just a project. Itโ€™s a movement.

Share This Article
Leave a Comment