Digitalbits Blockchain evolves into XDB CHAIN: A Game-Changing Rebranding Initiative.
Digitalbits Foundation, the organization behind the Digitalbits blockchain, has announced a major rebranding initiative. The blockchain project will now be known as XDB CHAIN, marking a significant step towards its mission of transparency and decentralization.
As part of the rebranding, all project assets will be gradually updated, and the Digitalbits brand will no longer be associated with the blockchain project. The Digitalbits Foundation itself will also undergo a name change and be known as the XDB Foundation.
The evolution to XDB CHAIN represents a landmark achievement for the project. It signifies the adoption of cutting-edge technology to serve brands and consumers in the metaverse and the broader decentralized internet landscape (Web3). This transformation aligns with the community’s vision of project decentralization.
Additionally, XDB CHAIN has been working on revolutionary and enhanced tokenomics. This includes the introduction of Branded Cryptocurrency Offerings (BCOs) and a dynamic token burn mechanism tied to on-chain value generation. The objective is twofold: to increase adoption in real-world use cases and implement a deflationary mechanism for token supply reduction. By reducing token supply over time, XDB CHAIN aims to enhance the utility of its coin and simplify technology adoption for brands and consumers.
The project has previously announced that the world’s first branded coin minted on XDB CHAIN will be unveiled by October 15, 2023. This will be accompanied by the participation of new organizations in the governance structure of XDB CHAIN, further reinforcing its commitment to decentralization. These developments are made possible through the release of the product XDB Atlas.
The name “XDB CHAIN” derives its inspiration from the project’s core coin, XDB. The “X” symbolizes the chromosome X, representing growth, evolution, and diversity. The slight tilt of the symbol reflects the blockchain’s dynamic nature, constantly adapting to the evolving needs of brands and users. It also represents the project’s commitment to reducing the maximum token supply by half throughout its lifecycle.
Daniele Mensi, CEO of XDB Foundation, expressed excitement about the rebranding and its implications for the project’s vision. He emphasized that the transformation is not just a concept on paper but a reality driven by the XDB CHAIN community.
As XDB CHAIN, the project aims to push the boundaries of what technology can achieve in the blockchain industry. It invites individuals and businesses to join its journey towards a future where blockchain empowers brands and shapes the consumers of tomorrow.
For more information about XDB CHAIN and the XDB Foundation, interested parties can visit the official website and follow the project on Twitter, Instagram, and Telegram.
Sara Sciusco, representative of XDB FOUNDATION, can be reached at [email protected] for further inquiries.
In conclusion, the rebranding of Digitalbits blockchain to XDB CHAIN represents a pivotal moment in the project’s evolution. With enhanced tokenomics and a commitment to decentralization, XDB CHAIN aims to revolutionize the blockchain industry and empower brands and consumers in the decentralized internet era.
