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.

How to buy DTX tokens?

1

Create an Ethereum wallet

Our tokens are issued on the Ethereum (ETH) blockchain, which means that people who want to participate in our token sale need to have an Ethereum wallet.
2

Buy Ether on an exchange and transfer it to your wallet

Over 7,000 cryptocurrency markets are trading more than 1,600 different cryptocurrencies at this very moment. Choose one – we recommend Kraken – and follow these steps: open an account, get verified, transfer money to your account and buy Ether.
3

Buy DTX tokens

Want to buy DTX tokens? Then go to one of the cryptocurrency exchanges that offers DTX (see below). Make sure that you have enough ETH in your wallet to cover your participation as well as a small transaction fee on the Ethereum blockchain, known as “gas”.
4

Transfer DTX to your wallet

Transfer your DTX tokens to your wallet and be sure to add DTX as a custom token in your wallet. Note that if you don’t add DTX as a custom token, the DTX token will not be visible in your wallet.
5

Start buying and selling data

Go to the DataBroker DAO marketplace, and use the DTX token as currency to buy and sell IoT sensor data.

Where to buy?


The DTX token is available for trading on CoinFalcon, a European cryptocurrency exchange based in the United Kingdom, on BitForex, a leading digital asset trading platform headquartered in Singapore and on TokenJar, a decentralized exchange with zero service fees and direct transaction from wallet to wallet, without the need for deposit, registration and KYC.

The token is also listed on CoinMarketCap, a site that provides various data about several listed coins, such as their price, available supply, trade volume over the last 24 hours and market capitalization.

For more information on how to start using the DTX token, download our DTX Starter Guide.
We also created a Sensor Listing Guide to get you started in 9 easy steps.

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