XDB CHAINXDB
$0.00108
Market/Exchange
XDB Price Prediction and Price Movement
XDB is up 66.76 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of XDB can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, XDB has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on XDB's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
XDB CHAIN Price Chart
About XDB CHAIN
What Is XDB CHAIN (XDB)?
XDB CHAIN (XDB) is a protocol layer blockchain also known as "blockchain for brands". The platform was created to support the fast and affordable transfer of consumer digital assets such as branded currencies, non-fungible tokens (NFTs), stablecoins and more.
XDB CHAIN claims that the infrastructure is decentralized, open-source and easy-to-use. The network consists of connected “XDB CHAIN cores” run by individuals and entities around the world — similar to blockchain nodes. With XDB CHAIN, users can create payment-related tools and devices. Users launch their digital assets via the XDB CHAIN network by linking assets to apps from the app store. Tokenization of assets can be used to support audience engagement for brands.
The mission of XDB CHAIN is to encourage the project to the mass market by facilitating the liquidity of digital assets while integrating with existing user applications. XDB CHAIN simplifies the tokenization of assets through transactions and a trading layer for the point economy.
The project is a fork of Stellar protocol and enhanced the former tokenomics of DigitalBits project and adopted the core features and capabilities of the latest Stellar network (v19), including the token certification service and automatic algorithmic token distribution.
Who Are the Founders of XDB CHAIN?
The XDB CHAIN was founded by Daniele Mensi
What Makes XDB CHAIN Unique?
The project was and remains one of the fastest blockchains in the crypto industry. As a fork of the Stellar (XLM) blockchain, XDB CHAIN supports an enterprise-grade blockchain with a focus on brands and enterprise use.
The XDB CHAIN ecosystem offers the following features: a decentralized exchange (DEX) that enables the tokenization and transfer of digital assets; matchmaking between buyers and sellers of digital assets on an orderbook; facilitation of cross-asset payments and conversions for buyers and sellers that want to transact in different currencies.
In August 2022, XDB CHAIN announced an update to its whitepaper, introducing the automated market maker (AMM) model and liquidity pools feature to its DEX. Previously, orders traded against existing orders in an orderbook; with AMM, orders are now executed against existing liquidity pools. The update also includes an adjustment to the tokenomics and allocation of XDB.
XDB CHAIN claims to offer the following advantages: high processing speed of 10,000, this will increase to 1.19 million upon the launch of a layer 2 solution (currently in test)TPS; eco-friendliness is the main direction in Web 3.0, and the sustainability factor is not inherent in every blockchain. However, XDB CHAIN claims to be centered on sustainable methods for building an environmentally-friendly blockchain network; an Enterprise grade blockchain network that offers innovative functionality for organizations to interact with their customers.
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How Many XDB CHAIN (XDB) Coins Are There in Circulation?
XDB CHAIN is the upgraded network of former DigitalBits. It currently has 17,197,670,082 coins in circulation with a commitment to burn tokens up to a target supply of 10 billion XDB coins overtime. This is achieved through a dual system called BCO (branded coins) and BBB (buz back and burn) which create a deflationary mechanism with connection to product integrations and utility. The main purposes of the XDB token are as follows:
Access and authentication as a security feature — 10 XDB coins are requested to confirm accounts and their authenticity on the platform, and at least 10 XDB accounts must be saved and blocked before enabling the sending function. In order to exclude suspicious transactions, a user pays a fee of 0.00001 XDB for each transaction.
Payments and transaction fees — XDB makes fast and low-cost payments, and charges a fee of 0.00001 coins for transactions on the network. XDB also serves as an intermediate token for trading pairs of digital assets that don’t have a large direct market.
How Is the XDB CHAIN (XDB) Network Secured?
The network reaches consensus through the Federated Byzantine consensus mechanism, which means that from a network security point of view, XDB CHAIN works similarly to Stellar: it uses a Federated Byzantine Agreement (FBA) that is divided between application, bridge, federation and compliance servers.
Where Can You Buy XDB CHAIN (XDB)?
XDB CHAIN (XDB) is listed on the following exchanges: KuCoin, Gate.io, MEXC, CoinDCX, Bitrue,
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