DigitalBits - An Economy Reimagined

STARTER INFORMATION

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, DigitalBits, a protocol layer Blockchain designed to help facilitate mass market liquidity of various digital assets and integrate with existing apps to drive mass market adoption of Blockchain technology has arrived.

"Assets are things of economic value and they are normally associated with financial assets, such as estate and shares. Digital assets on the other hand are not tangible and they contain information such as online accounts, images, videos, audio files… The Wikipedia definition of a digital asset is “any item of text or media that has been formatted into a binary source that includes the right to use it. A digital file without the right to use it is not an asset. Digital assets are categorized in three major groups which may be defined as textual content (digital assets), images (media assets) and multimedia (media assets).”

Over the last few years, with the rise of cloud computing, the amount of digital assets utilized by companies grew exponentially and it needs management to be able to store, organize, find and share them efficiently. This management process is called DAM – digital asset management and these files can vary from a graphic for a presentation, a video for an advertisement to personal information of an account holder. So, with the ever-growing need for DAM, it needs to be faster, more secure and accessible.

In a survey McAfee did, they found out that consumers globally value their digital assets around $37,000. Moreover, they found out that consumers on average value their personal memories more than $7,000. With all this value stored in an intangible platform, Blockchain would be the best technology to implement to have the highest standard of security. It will ensure that the digital assets are not going to be erased, used or changed by an external source and it would also make it easily accessible."

With that being said, DigitalBits is a next-generation project that’s tackling the challenges of usability and mainstream adoption. By bringing together technology, team and enterprise-grade execution, DigitalBits is bringing cryptocurrencies to the masses.

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is DigitalBits?

As depicted above and as indicated on the official website of DigitalBits, The DigitalBits Project is focused on driving mass market adoption of blockchain technology. It’s time to bring cryptocurrencies to the masses.

In addition, DigitalBits is designed to integrate users directly into existing applications while offering all the advantages of block chain technology. Such practices will help increase customer engagement and brand recognition. By allowing users to connect to the blockchain through known applications, DigitalBits makes it easier for the community to interact with technology, reducing any complexity associated with adopting blockchain.

DigitalBits has been created to work as a process layer for various digital assets. Digital assets integrated for everyday use will benefit from the current applications and the benefits of blockchain technology. In this way, consumers will continue to use the applications they are familiar with and there will be no need to change the behavior. DigitalBits will not only increase the usefulness of an existing digital asset, but will increase the perceived value of the scores, and will give consumers autonomy on their assets.

The Mission

Digitalbits desires to create a positive impact on the client loyalty and rewards business within the future. The system presently lets folks collect rewards, nonetheless, most of them go unused as a result of it's not convenient to stay tabs on these items. Retailers are managing problems during this regard, and customers aren't too happy concerning missing out on reward-based opportunities.

The Features

DigitalBits is easy-to-use, flexible and convenient to achieve the mass adoption goal.

Solve the problems of portability, security and liquidity related to the accuracy of various digital assets.

DigitalBits integrates directly with your existing applications.

An add-on interface is required for other services and external applications.

Transfers to the DigitalBits decentralized network will take a few seconds and the minimum commission fee will be charged.

Reduces unnecessary charges and removes centralized control over the network.

At the same time, interoperability and scalability as well as safety and compatibility are among the most important features.

The Benefits

The blockchain DigitalBits network is for anyone to use. Anyone can create digital assets (also known as digital tokens) that are portable / transferable on this decentralized network. When businesses encrypt their loyalty points on this network, consumers will receive points as a digital token.

Users can directly deal with these different digital tokens (eg, A token B token B) directly on the chain along with the original digital asset of the blockchain named carefully Drake's digital algorithm or XDB. The decentralized DigitalBits network does not require centralized intermediaries to impose too high fees. Transfer only takes a few seconds and only requires a nominal fee.

How It Works?

Solving the issues inherent in current loyalty programs won't be straightforward. Introducing a redistributed and clear platform may be a positive step within the right direction. instead of wishing on intermediaries to manage the loyalty rewards issued by retailers to customers, the mediator is off from the equation altogether.

Indeed, Digitalbits aims to create all loyalty points 100 percent transportable. The platform are going to be hospitable anyone and everybody round the world, which is able to actually build it rather appealing to lots of corporations. With no pricey intermediaries to modify, the transfer valuable from retailers to shoppers can become simplified and lots cheaper.

Powering all of this is often the Digitalbits blockchain, which might perform cross-asset transfers valuable. Moreover, everybody will produce new digital tokens which might be transferred on the network at least value. All of those tokens are often changed for all different tokens issued on this blockchain through this ecosystem’s native quality.

Token and ICO Details

DigitalBits has their own token that users can perform different types of exchange and transaction processes. The token itself is developed on the basis of DEX standards and Multi-hop technology called - XDB. The total number of tokens issued is 10 billion tokens. with the goal of up to 4 million dollars

Token Details

Type - ICO

Token - XDB

Platform - Blockchain

Token Price - 0.004 USD

Token for sale - 10,000,000,000 XDB (10%)

Hard cap - 35,000,000 USD

Accepting - ETH, BTC

The distribution of tokens and funds is as follows:

Meet The Amazing Team and Advisors

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

WEBSITE: https://www.digitalbits.io

WHITEPAPER: https://storage.googleapis.com/westart-files/digitalbits-pre-sale/DigitalBits_Whitepaper_2_2.pdf

LIGHTPAPER: https://www.digitalbits.io/resources/digitalbits-lightpaper/

ANN THREAD: https://bitcointalk.org/index.php?topic=5026550.0

TELEGRAM: http://t.me/digitalbits

FACEBOOK: https://www.facebook.com/DigitalBitsOrg/

TWITTER: https://twitter.com/DigitalBitsOrg?lang=en

LINKEDIN: https://www.linkedin.com/company/digitalbitsorg/

Author: Cryptoholical

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.