Review on DigitalBits by Saparov Meylis

DigitalBits (XDB) is a protocol layer blockchain designed to support digital assets of consumers, in particular brand currencies. As a fork of Stellar, DigitalBits has many of the same features, but differs in key aspects that support an enterprise-grade blockchain.



Evidence suggests that blockchain requires immutability, decentralization, transparency, and efficiency. So in order to take advantage of these benefits for the masses, DigitalBits first enters an existing market with extensive user cases through mass marketing.



Thereafter, they will study the behavior of the market before transforming it to improve the functionality of certain asset classes. Once all of this is done and cleaned out, the final step is to coexist with the consumer applications that are in the pockets of millions.

Obviously, DigitalBits's goal is to go mainstream through existing brands. To this end, Digital Bits is an enterprise grade platform specifically built to support brand currencies.

The platform is a third generation protocol based on Stellar. Striving for efficiency and effectiveness, the team realizes that blockchain, despite its revolutionary characteristics, would be useless if there were no users.



In this way, DigitalBits complements the learned behaviors and patterns while serving as professional users. DigitalBits represents the sweet spot needed to make changes, allowing you to integrate all of this into your application while minimizing changes in user behavior.



Additionally, DigitalBits will serve as the primary use case for the Metalyfe marketplace, introducing blockchain viewing and one-click payments, thereby returning control to the end user. In addition, by understanding and syncing with the latest trends in a cashless society, DigitalBits is exploring card payment solutions, realizing the advantages over traditional payment systems and those that end users will benefit from.

Overall, DigitalBits aims to create a global token economy in which value can be sent seamlessly and cheaply. This is made possible by a dedicated and experienced team that is committed to implementing it.



For investors to find value for money, the token must have a certain value. Already, the absence of inflation is a real catalyst that can drive prices up in the short and medium term. However, with more than 2 billion XDB planned to be released between 2020 and 2021, the resulting supply could dampen optimistic expectations.

However, the team has acted strategically, and the first goal of the team is to eliminate friction in the area of ​​loyalty points and rewards. With incredible technology and a focus on offering solutions in a multi-billion dollar industry, the value of XDB lies in their pursuit of cheap payments and remittances, application integration, tokenization and asset trading through TNCS, which are scheduled to be tested in Q1 2019.



In the US alone, the market is valued at $ 48 billion, but it is centralized, illiquid, fragmented, and overall the user experience is disappointing. Definitely XDB can bring more benefits, so by partnering with Flexa, one of the best crypto companies in the world. In the end, both are being advised by former Walmart executives.



XDB investors can trade the token on Idex. Evidence shows that their determination will drive the expansion of the project as a defining point that will become a major paint in the loyalty and reward point industry, a multi-billion dollar sector, as mentioned above.



The bonus points and rewards sector is just one of many industries where blockchain can improve efficiency and provide many more benefits to the user. According to DigitalBits' roadmap, their goal is to expand into other industries from 2020, of which gamers and the gaming industry can become the main beneficiaries.



This means building more partnerships and ultimately driving blockchain adoption in line with their goals. Since XDB has no inflation and the daily trading volumes on Idex are $ 18,756.19, the more partnerships, the more demand for XDB will increase, and this will counteract the surge in supply in 2020-2021.

Given the tensions in the loyalty and billion dollar bonus points industry, the platform will find its way into this category of digital assets. With the ability to tokenize and provide liquidity for digital assets, DigitalBits through its token will remove the friction faced by both producers and consumers in the loyalty and bonus points industry.