Price
$0.0037
12/9/2022, 12:42:47 PM
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DigitalBits can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$5.1M

Volume (24h)

$3.8M

Circulating supply

1.4B XDB

All time high

$1.03

Price change (1h)

-0.73%

Price change (24h)

+1.27%

Price change (7d)

-24.02%

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DigitalBits is on the decline this week.

The price of DigitalBits has fallen by 24.02% in the past 7 days. The price increased by 1.27% in the last 24 hours. In just the past hour, the price shrunk by 0.73%. The current price is $0.0037 per XDB. DigitalBits is 99.64% below the all time high of $1.03.

The current circulating supply is 1,388,534,346.217 XDB.

About

What Is DigitalBits (XDB)?

DigitalBits (XDB), popularly known as “The blockchain for brands,” is a digital platform developed to offer assistance for digital assets. These assets mainly include brand currencies, stablecoins, and NFTs. DigitalBits aims to be an easy-to-use blockchain that leads the protocol users to quickly launch their digital assets and then link them with user applications. The platform’s whitepaper states that  DigitalBits seeks to build a connection that facilitates the administration of new technologies, thereby ensuring assistance and enhancement of regular life interaction, as well as fostering the mass adoption of blockchain technology. 

As mentioned on the website, there are four core objectives of the DigitalBits ecosystem:

  • Supporting innovation and adoption: The Digitalbits Foundation seeks to provide the tools and resources needed to encourage innovation and adoption of DigitalBits and blockchain-related technologies through grants, community projects, and more.

  • Shape commercial standards: The Digitalbits Foundation collaborates with businesses and multinational corporations to better understand the role of digital assets in the global ecosystem, as well as to provide research and technical assistance.

  • Contribute to technical development: To ensure the network's security, the Digitalbits foundation seeks to contribute actively to the maintenance and development of the DigitalBits blockchain.

  • Facilitate partnerships and ecosystem development: The Digitalbits Foundation is responsible for identifying and facilitating the onboarding of partners and contributors into the DigitalBits and broader blockchain ecosystem.

As per the litepaper, the native token of the DigitalBits is “XDB.” The XDB token aims to offer diversified utilities to the token holders. XDB seeks to provide a protective security feature, also referred to as anti-spam. This feature requires every account to stake a minimum of 10 XDB and a minor gas fee of 100 nibs (0.00001 XDB) with every transaction.This seeks to validate the account's security and allow it to send outgoing transactions. Here, gas fees refer to the fees that the users must pay in order to execute any function on the blockchain protocol.

Furthermore, the token acts as a bridge token to enable transactions between pairs of digital assets that do not have a large direct market. The token tries to leverage fast and low-cost payments as well as remittances. 

History of DigitalBits (XDB)

AI Burgio is the founder of the DigitalBits (XDB) token founded in 2017. The DigitalBits Foundation was previously known as XDB Foundation. It is an organization and leading contributor to all the DigitalBits projects, supporting the DigitalBits ecosystem and associated technologies. The whitepaper of the token was published on June 14, 2019. 

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FAQ

What is the current price of DigitalBits?

The price of 1 DigitalBits currently costs $0.0037.

What is the market cap of DigitalBits?

The current market cap of DigitalBits is $5.08M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of DigitalBits?

The all-time high of DigitalBits is $1.03. This all-time high is highest price paid for DigitalBits since it was launched.

What is the 24 hour trading volume of DigitalBits?

Over the last 24 hours, the trading volume of DigitalBits is $3.84M.

What other assets are similar to DigitalBits?

Assets that have a similar market cap to DigitalBits include Calamari Network, Cashaa, Nash, and many others. To see a full list, see our comparable market cap assets.

How many DigitalBits are there?

The current circulating supply of DigitalBits is 1.4 billion.