DigitalBits: Blockchain Loyalty & Rewards Network Token?
What Is DigitalBits?
Digitalbits is a global blockchain platform that is committed to decentralizing the cryptocurrency world. It uses a blockchain network technology with the view to enhancing portability and liquidity of the crypto trading. The company intends to decentralize crypto trading to give more value to consumers, organizations, and business in the portfolio. It has therefore created digital tokens that are easy to use in the decentralized global network by giving points to the users.
The platform, therefore, provides Digitalbits, XDB, the native digital asset that can be traded with the tokens and considerably cut the transaction costs of the users, as opposed to the traditional centralized system that charged exorbitant costs on the clients. The platform takes the shortest time for the transaction to be completed.
What Does DigitalBits Do?
The objective of the platform is to shift the centralized mentality of the crypto trading to a decentralized system that is more secure, faster, and non-exorbitant to consumers. The decentralized systems will give more value to the consumers and all the stakeholders in the industry. It, therefore, eliminates the existence of an intermediary in the crypto world.
Until now since its launching, the platform remains a profound blockchain network supporting their loyal clients by providing them with the Digitalbits as the trade medium in the global digital trade. The exercise is rewarding since there are little transaction costs involved by the trading partners. It has thus enhanced on-chain transaction coupled with limited challenges as opposed to the traditional methods. The process is faster and secure for the virtual owing to the advanced security features of the platform.
The main problems that have been resolved by the platform include portability and liquidity through the blockchain technology. The use of tokens have solved the portability problem because they can simply be transferred and trade them with the digital money, the Digitalbits more efficiently.
DigitalBits lockchain Loyalty & Rewards Network Token Features
The company largely portends to cure the broken systems of fraudulent trade in which intermediaries in the centralized system have extortionists on the traders. The main areas of focus by the team, therefore, are the retailers and the consumers. The major feature in the transaction in mending the system is the introduction of the XDB as the digital medium of exchange. The team target inclusion of most retail businesses from supermarkets, hotels and online transactions among other business to embrace the system with no intermediaries. It, therefore, allows for a cross-asset transfer of any form of value. The platform has thus given the universal points to their enthusiast to embrace the transactions.
DigitalBits Benefits
The platform is instrumental in providing secure, faster, and portable crypto trading around the globe that is less costly through a decentralized system. The system can be accessed by anybody remotely irrespective of the location globally. It offers a valid project since the interests of the retailers, consumers, organizations and all the players in the virtual trade are given a priority. The platform is important since it has settled the friction among the players in the industry returns to the players by resolving the exorbitance and extortion of clients.
Enter DigitalBits — Accelerating Mass Adoption of Blockchain
The potential of blockchain is massive. But it requires a protocol, team and go-to-market strategy that is focused on driving mass adoption. The key components of the DigitalBits Project include:
- a mass-scale, enterprise go-to-market strategy
- targeting a massive, pre-existing legacy market with billions of user accounts globally
- transformation of legacy digital assets into tokens on a public blockchain that benefits both consumers and the enterprise-issuers
- integration of a pre-existing user interface for a digital wallet used by existing consumers wherein features (e.g. transfers, trading etc.) can be added and enabled by the blockchain
- A world-class team that consists of C-level Fortune 100 executives
DigitalBits Blockchain — The Transaction and Trading Layer for Various Digital Assets
DigitalBits is a protocol layer Blockchain designed to help facilitate mass market liquidity of various digital assets and integrate with existing apps to drive market-adoption of Blockchain technology.
The DigitalBits Project focuses on closing the gap between Blockchain innovation and driving mass adoption. The protocol integrates with existing consumer apps, leaving learned consumer behavior unaltered. Applications utilize DigitalBits technology to facilitate mass market liquidity of various digital assets. High-throughput and multi-hop transfer of assets allow for the seamless transfer of value, even in the absence of a direct market.
Key features of the blockchain include:
- Multi-Hop Transfer (up to 6 hops)
- Multi-Asset Support
- Distributed Exchange (DEX)
- High Availability & Scalability (10k+ TPS)
- Enables market liquidity of digital assets.
- MainNet launched, June 2018
- Decentralized Trading Support
- Network Trust Management
- Compliance (AML/KYC) Tools
- Enterprise Developer Support
- In the Pockets of Millions
Our go-to-market strategy targets the multi-billion dollar loyalty and rewards industry. This will be the first digital asset category on the blockchain. This industry already possesses digital assets that sit in the pockets of millions. Consumers know how to earn those assets. No new learned behavior required.
The digital asset category is fragmented and lacks liquidity. DigitalBits-based tokens, multi-hop technology and on-chain trading (even if there is no direct market) are all benefits to consumers.
DigitalBits & the Future of Blockchain
Lacking both use and adoption, blockchain technology sits in a state of limbo. By integrating existing applications and porting millions of users to the blockchain, DigitalBits looks to power the token economy of the future.
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