What tokens can be used in Districts?
Last updated
Last updated
The Districts platform primarily uses two tokens: $RIO and $DSTRX
$RIO (): $RIO is the utility token of the Realio Network. It is required to participate in Districts, specifically for claiming land during the LandRush. Each Land Pixel requires a deposit of 5,000 Native $RIO plus transaction fees. A portion of this deposit (20%) is permanently burned, while the remaining 80% is held in the Land Bank and can be redeemed if the land is returned. This mechanism ensures a sustainable economic model while reinforcing $RIO’s role in the ecosystem.
$DSTRX (Districts Governance Token): The $DSTRX token is the governance token of Districts and has a fixed supply of 125M. $DSTRX can only be minted into existence when a new Land Pixel is claimed, as this process is hard-coded into the smart contracts. The project team does not have the ability to mint new tokens freely, as all admin and upgrade-related functions of the Districts smart contracts are secured under a time-lock mechanism. For transparency, a real-time transaction explorer will track $DSTRX supply and cross-chain bridge transactions.
Cross-Chain Bridge: A bridge will be live within the Districts Platform, allowing you to connect your MetaMask or other Web3 wallet directly to Districts. Initially, the $RIO and $DSTRX bridge will support transfers between Native (Realio Network), Ethereum (ERC-20), and BNB Chain (BEP-20).
For more details on the token economics, see the