XDB CHAIN

Purpose and Utility

XDB Chain (formerly DigitalBits) was designed as a protocol focused on becoming the blockchain for brands, originally aiming to support loyalty and rewards programs, branded stablecoins, and other brand-related digital assets. The project intended to provide fast transaction speeds and low costs for enterprise adoption.

Business Model

The business model revolves around providing blockchain infrastructure for brands and enterprises to tokenize assets and create digital experiences. This core concept aligns with halal principles as it involves the creation and exchange of digital assets with real utility.

Real-World Adoption

The project has faced significant challenges in recent years. Most previously announced partnerships, including those with AS Roma and Inter Milan, have been terminated. Current adoption and usage appear to be minimal, with very low transaction volumes on the network.

Platform Development

Development activity has significantly decreased since 2022. The project's GitHub repositories show limited recent updates, and the ecosystem appears to be largely inactive. The main website (digitalbits.io) is no longer accessible.

Token Distribution

The initial token distribution included allocations for the team, advisors, and early investors. However, detailed current distribution data is difficult to verify due to limited transparency and project activity.