The DigitalBits project has been founded by Al Burgio. The current core team of DigitalBits Foundation is composed by Daniele Mensi (CEO), Alex Simonini (Chief Brand Experience Officer), Alberto Orru (DIiector), Luca Turco Liveri (Board Advisor) and many other people from all over the world.

What Makes DigitalBits Unique?

The project was and remains one of the fastest blockchains in the crypto industry. As a fork of the Stellar (XLM) blockchain, DigitalBits supports an enterprise-grade blockchain with a focus on brands and enterprise use.

The DigitalBits ecosystem offers the following features: a decentralized exchange (DEX) that enables the tokenization and transfer of digital assets; matchmaking between buyers and sellers of digital assets on an orderbook; facilitation of cross-asset payments and conversions for buyers and sellers that want to transact in different currencies.

In August 2022, DigitalBits announced an update to its whitepaper, introducing the automated market maker (AMM) model and liquidity pools feature to its DEX. Previously, orders traded against existing orders in an orderbook; with AMM, orders are now executed against existing liquidity pools. The update also includes an adjustment to the tokenomics and allocation of XDB.

DigitalBits claims to offer the following advantages: high processing speed of 10,000 TPS; eco-friendliness is the main direction in Web 3.0, and the sustainability factor is not inherent in every blockchain. However, DigitalBitsis claims to be centered on sustainable methods for building an environmentally-friendly blockchain network; an Enterprise grade blockchain network that offers innovative functionality for organizations to interact with their customers.

The network was launched in 2018 with a total supply of 100B coins. Following a V2 update in February 2021, the total supply was reduced by 80%. In the recent update to the whitepaper in August 2022, the latest allocation of XDB is as follows: 22.75% (4.55B) for marketing and ecosystem development; 12.25% (2.45B) for R&D grants; 15% (3B) for team and advisors; 50% (10B) for token sale and reserve for future use.

The main purposes of the XDB token are as follows:

Access and authentication as a security feature — 10 digital bits are requested to confirm accounts and their authenticity on the platform, and at least 10 XDB accounts must be saved and blocked before enabling the sending function. In order to exclude suspicious transactions, a user pays a fee of 0.00001 XDB for each transaction.

Payments and transaction fees — XDB makes fast and low-cost payments, and charges a fee of 0.00001 coins for transactions on the network. XDB also serves as an intermediate token for trading pairs of digital assets that don’t have a large direct market.

DigitalBits (XDB) is listed on the following exchanges: KuCoin, Gate.io, Bittrex, Uniswap (V2), DigiFinex, BKEX and Hotbit.

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