What is Databits (DTB)?
Future of DTB Cryptocurrency and know how to buy DTB

#1- What is Databits?

According to a research published on PMC, NCBI journal reveals "the brain circuitry mediating cue induced desire for video games is similar to that elicited by cues related to drugs and alcohol." Moreover, online games help to reduce loneliness, which is one of the biggest problems of today. Heard about the video games that use blockchain technology though? Called "Augmentors", this game offers a unique in-game currency via which you can sell characters, skins and other consumable items.

Databits - The basics

  1. Databits is the cryptocurrency involved in any form of financial exchange pertaining to the Augmentors platform. Similar to Pokemon, the world of Augmentors has its own army of creatures. With an added layer of augmented reality and blockchain technologies, this is the future of video games.
  2. Interestingly, this also gives you a certain sense of ownership of your own virtual world; as each character and relic you possess have a certain value attached to it, and they all have their own unique ID that differentiates one from the other. According to a post published on Medium, "All Asset IDs will be transparent and viewable to the public, showing issued amounts and the locked status of each asset".
  3. If you have your eyes on a specific creature, you can simply ask the owner and buy the creature using Databits, a cryptocurrency introduced by the Augmentors creators.

Databits Development

  1. Established by Michael Deon and Kyle Haffenden, Augmentors is the first ever Blockchain-based augmented reality game in existence. It bagged an early exposure from media when it made $500,000 in just 24 hours.
  2. In an interview with Heavychef, Michael revealed its true motivation for developing an online game platform via recalling his inspirational childhood memories.
  3. Although the founders have received numerous rejections in their earlier life, they got their very first investments when they presented their concept on Shark Tank South Africa in 2016.

 

#2- What are the benefits of Databits?

Databits Technology

  1. Databits is an integral part of the Augmentors ecosystem and is responsible for its virtual economy. It is backed up by the blockchain.

  2. The system has released the second version of its token economy which is more robust and responsive compared to the initial token system.
  3. The corresponding white paper suggests that an initial of 100,000,000 tokens were created and released. The same report also says, "The token sale structure allocated 70,000,000 tokens to the token sale and the remaining 30,000,000 to the Augmentors company. Although, the $1million USD token sale target was attained, not all 70 million $DTB were sold during the sale; 15,923,466 $DTB were sold."
  4. However, due to the public interest, the value was reduced down and the company then had a share of 6,824,342 $DTB where the remaining was distributed among the community.
  5. The new technology directly links $DTB to a cryptoeconomy. As a part of this chain, a cryptoeconomy should be related to the game economy. The initial system did not do justice with this practice since it did not link the token to the value of the cryptoeconomy. It was simply a profit sharing model, which in the long run would not support the growth of Augmentors economy.
  6. There’s also the Trading Hub, which assists players wanting to exchange creatures with one another. A creature transaction requires $DTBT. This is executed via a bidding process, where creatures are placed for bidding. Users then place their bids.
  7. The initial token system had many benefits among which a couple of properties are the most important ones. At the outset, the $DTB coin has an intrinsic value which is influenced by the revenue of the game.
  8. Secondly, as the company consistently purchases $DTB coin at the prevailing rate, guaranteeing the liquidity of the cryptocurrency.

 

#3- How to Buy & store $DTB?

How to buy $DTB coins?

  1. $DTB has limited availability across different exchange platforms. It is currently available only on Bittrex and Tux Exchange. Even with two exchanges though, it can get confusing to make your pick. Coinswitch supports more than 140 coins and 45,000 pairs of cryptocurrencies.
  2. CoinSwitch is the largest cryptocurrency trading platform that allows trading of over 350 cryptocurrencies with more than 45000 possible pairs. Users can take advantage of live price charts aggregated from all exchanges to compare and trade DTB in real-time.
  3. You can also buy DTB from the in-app store in exchange for fiat currency. The feature is accomplished through the in-app purchase functionality, a standard method prevalent in the game platform.

Storage

The virtual gaming platform offers an in-game wallet which can be used to store your $DTBs. However, the company also confirms "The out-of-game wallet is on-chain, which allows players the access to store creatures and $DTB out of the game if they wish. We believe any blockchain game should allow this functionality."

#4- What is the future of Databits?

Also Read: Complete Analysis of Databits | Live Databits (DTB) Price Charts And Predictions

  1. The initial token distribution had minor glitches and it was replaced with a newer version. This system was designed taking into consideration the theory of a utility token. According to the current standard, the utility token is based on the equation of exchange known as M = PQ/V where M is the size of the monetary base necessary to support a cryptoeconomy of size PQ, at velocity V.
  2. Some of the advantages of the newly integrated system include better handling of deflation, a proportional relationship between link token value to the network value and a consistent velocity of the token.

Date

Open*

High

Low

Close**

Volume

Market Cap

Jul 28, 2018

0.386766

0.430028

0.383293

0.387526

1,203

8,798,080

Mar 28, 2018

0.519146

0.571818

0.504906

0.544608

15,378

11,809,400

Dec 28, 2017

1.09

1.19

0.926313

1.15

438,915

24,781,300

Sep 28, 2017

0.552362

0.586390

0.536994

0.549662

46,344

12,565,000

Jul 28, 2017

0.521862

0.523399

0.473934

0.494881

54,310

11,871,200

 

#5- How is currency different from other cryptos?

  1. This is a platform-specific crypto coin which means it has more significance if you are enclosed in the virtual world of Augmentors. Unlike regular coins without a specific purpose, this one aligns with the category of cryptocurrencies which were specifically designed to accomplish a mission.
  2. The newer cryptocoin introduced for Augmentors is a utility token, which means the value of the tokens will increase as Augmentor's demand grows.
  3. An expanding user base will help the startup to increase/ raise their capital that can provide funds for the company's future projects.

 

#6- Should you invest in DTB?

  1. Investing in a cryptocurrency comes with a high-risk factor. Lately, there are several cryptocurrencies available in the market which makes it harder to choose one. However, having a website such as CoinSwitch in hand will make you aware about the current valuation of cryptocurrencies.
  2. According to walletinventor, DTB isn’t a very good long-term investment. Databits predictions are updated every 3 minutes with latest prices by smart technical analysis. It's important to note that due to the low market cap, DTB price can be easily manipulated.
Related Searches



Exchange DTB and win upto $100 on your first order.
Exchange Now
Exchange DTB and win upto $100 on your first order.