XDB CHAIN: A Game-Changing Transformation from Digitalbits Blockchain
London, UK, October 4th, 2023, Chainwire
In a significant move, the Digitalbits Foundation, the driving force behind the Digitalbits blockchain’s pursuit of transparency and decentralization, is thrilled to introduce a sweeping rebranding initiative to the community.
Today marks a pivotal moment as the Digitalbits blockchain takes on its new identity as XDB CHAIN. This transformation represents a bold step toward fulfilling its mission of empowering the community and all stakeholders on an exciting new journey.
With this transition, all project assets will undergo a gradual rebranding process, and the Digitalbits brand will no longer be associated with this blockchain project. Simultaneously, the Digitalbits Foundation will rebrand itself as the XDB Foundation.
1) The Evolution to XDB CHAIN: A Landmark Achievement
In a move that will undoubtedly shape the blockchain landscape, the Digitalbits blockchain has transformed into XDB CHAIN. This rebranding is a crucial stride towards adopting cutting-edge technology, catering to brands and consumers exploring the metaverse and the broader realm of decentralized internet (Web3). This transformation is a foundational step aligned with the community’s strong advocacy for project decentralization.
2) Revolutionary and Enhanced Tokenomics
Over recent months, the XDB CHAIN team has been diligently working to redefine the concept of “the blockchain for brands,” transcending the boundaries of a traditional layer 1 project. This innovation-driven journey introduces a groundbreaking tokenomics model, featuring Branded Cryptocurrency Offerings (BCOs) and a dynamic token burn mechanism tightly integrated with on-chain value generation. The overarching goal is two-fold: to boost XDB CHAIN’s adoption in real-world applications and implement a deflationary mechanism to reduce token supply.
Blockchains inherently introduce programmable and auditable digital scarcity to combat the threat of infinite inflation in token supply. XDB CHAIN is unwavering in its commitment to progressively reduce token supply as the XDB CHAIN brand gains traction. This groundbreaking approach not only enhances the utility of the XDB coin in conjunction with on-chain value creation but also streamlines technology adoption for brands and consumers, fostering connections that were previously unimaginable. XDB CHAIN serves as the catalyst for borderless brand innovation.
It has been announced that the world’s first branded coin minted on XDB CHAIN will debut by October 15, 2023, along with the involvement of new organizations in the governance structure of XDB CHAIN, further solidifying its dedication to a more decentralized future. These exciting developments are revealed to the XDB CHAIN community alongside the release of the product XDB Atlas (www.xdbatlas.com).
3) The Inspiration Behind the Name
The name “XDB CHAIN” draws inspiration from the very essence of this blockchain – its core coin, XDB. The iconic “X” symbolizes the X chromosome, embodying the innate potential for growth, evolution, and diversity. With a subtle tilt, it represents the dynamic nature of this blockchain, continually adapting to the evolving needs of brands and users. This adaptation is underscored by an unwavering commitment to halve the maximum XDB token supply throughout the project’s lifespan.
Daniele Mensi, CEO of XDB Foundation, shares his enthusiasm: “I am filled with excitement as I’ve never experienced before. The vision of enabling both brands and consumers to thrive through blockchain technology is now a living reality for XDB CHAIN, championed by its incredible community. This marks a historic milestone under our new brand name, representing and inspiring everyone who supports it. Stay tuned!”
About XDB CHAIN
As XDB CHAIN, the entire project and its community are poised to usher in a new era for the blockchain industry. They are ready to embrace novel use cases, nurture collaborative communities, and push the boundaries of technology. This is an invitation to join XDB CHAIN on a journey into the future of Blockchain for Brands, empowering the Consumers of Tomorrow.
For more information, please visit the XDB Foundation’s website.
Contact
Sara Sciusco
XDB FOUNDATION
(email protected)
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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