What is DigitalBits? DigitalBits (XDB) is a project that aims to facilitate the integration of companies and institutions into the Blockchain space. cryptocoin.com In this article, we answered questions about crypto money such as what DigitalBits is, what it offers, what is XDB, what it does, how to buy it. Let’s examine together this Blockchain-based project that appeals to institutional investors.
What is DigitalBits?
DigitalBits is a Blockchain platform launched by Canadian entrepreneur Al Burgio in 2018. The platform is basically a fork of the network protocol called Stellar (XLM). Currently, Blockchain is a complex issue for traditional firms, despite the many next-generation features and use cases it offers. Therefore, the project aims to support companies and organizations that want to venture into Blockchain.
What does DigitalBits offer?
The project helps companies promote their products and create relevant programs, including customer loyalty programs. Currently, the platform has brand partnerships with football teams such as Inter, AS Roma. The platform, of which David Beckham and Francesco Totti are ambassadors, continues its development with many collaborations. However, the project is managed by a foundation called the DigitalBits Foundation. This foundation ensures the decentralization of the platform. The platform has the following benefits for its corporate customers:
- It launches a branded stablecoin that represents real-world value.
- Re-engages with the consumer by understanding transactional behavior.
- Leverages existing practices without changing learned behavior. It also supports cryptocurrency distribution.
- In some cases, it eliminates the retailer. Thus, it allows the user to interact directly with the brand for special promotions.
- It allows programs to easily create alliances and trade on a single network.
- Network effect increases connectivity with brands, merchants, consumers and payment providers.
What is XDB? What does it do?
The DigitalBits platform hosts a native cryptocurrency called XDB. It is a token originally built on Ethereum with the ERC-20 smart contract. With this token, users gain the advantage of accessing the features of DigitalBits. Accordingly, users must have XDB to join the platform. Users can access DigitalBits after staking their tokens. Besides the login facility, XDB works as the main payment method for transaction fees within the platform.
What is DigitalBits? How to get XDB?
XDB coin is currently listed on a number of cryptocurrency exchanges, including KuCoin, Digifinex, Gate.io, and Bittrex. Interested investors should follow the steps to become a member by accessing one of these exchanges to purchase the token. After that, it is possible for them to purchase the token by depositing an asset in their wallet according to DigitalBits trading pairs.
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