The Team Behind DigitalBits understands that if there is to be a total embrace and participation by users in achieving its set aims and goals, there would have to be a very strong community support which is well grounded. In order to be able to ensure successful mass adoption and integration of Blockchain technology, the said Platform should at least command a significant level of community engagement and backing.
Thus, DigitalBits taking this knowledge into consideration has made provisions for various community encouraging programs such as scholarships, grants, donations which would see the continuous engagement of the community which includes both partners and users.
A look at Figure 1 Above shows the total allocation of the XDB tokens at the launch of the digital network. It can be seen that a larger percentage (53%) was set aside for all community programs from rewards to charity and to grant. A considerable 15% was set aside for the Team. Lastly, 32% was earmarked for the XDB token sale, any XDB token not sold during this period would not be burnt but locked for future use. By DigitalBits having the development and growth of its community in mind, it shows how committed they are to taking Blockchain technology to the world and causing other great changes. A project that is fully back by the community is definitely one that is highly supported and confident or succeeding.
Out of the larger 53% of the total allocation, 40% would be earmarked for rewards to users and also donations to charities. This is further divided into 2 pools. Viz is;
- DigitalBits Algorithmic Pool (DBAP)
This is a total of 39.60% is set aside specifically for giveaways, it’s operations are based in its unique set of algorithms and system which is still under development. Needless to say, this pool would remain untouched until deemed ready by the Team. - Charity Pool
This is 0.40% and its operation is simultaneous to that of the DBAP at the ratio of 1-99. That is, for every 1% of XDB that leaves the DBAP pool for rewards, 99% of XDB would leave the charity pool to selected charities.
The partners are not left out as there have been provisions for grants to them to encourage whatever products or services which may be beneficial to the Platform, community, and world in general.
This has been a brief review on understanding the DigitalBits Community Engagement. For more information about the DigitalBits Platform, please visit any of the following links below;
Website: https://www.digitalbits.io/
Whitepaper: https://storage.googleapis.com/westart-files/digitalbits-pre-sale/DigitalBits_Whitepaper_2_2.pdf
Westart: https://www.westart.co/project/digitalbits-presale
Twitter: https://twitter.com/DigitalBitsOrg?lang=en
Telegram: http://t.me/digitalbits
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=5026550.0
Authors Details
BTT Username: Dogecoin92
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1275172;sa=showPosts