DTX token

The DTX token, an ERC20 compliant token with 18 decimals, serves as the credits to buy and sell sensor data within the DataBroker DAO platform.

The token is listed on CoinMarketCap


Why a token?


From a marketplace perspective, using the public Ethereum chain enables the use of a fully built out financial ecosystem, with a minimum of fees. Traditional fiat payment processors charge between 1 and 3% for money in and money out, while a purchase using the utility token costs around 0.003 USD in fees for purchases of any size.

Using a utility token over fiat currency also brings the advantage of 18 decimals. Combining these small fractions of the token with very low fees, real microtransactions become possible.

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