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Stay informed with the most recent breakthroughs and stories, directly from the forefront of XDB Chain’s blockchain technology
Unlocking the Power of Staking on XDB CHAIN
The cryptocurrency space is bursting with innovation, and staking has become one of the most rewarding ways for users to engage with blockchain technology. It’s not just about earning rewards but also about contributing to the growth and security of blockchain ecosystems. Introducing the latest XDB XDBees Staking Pool—a unique initiative designed to onboard and reward new users joining the XDB CHAIN ecosystem. This pool is fueled with excitement by the growing XDBees Game community and other upcoming applications within the network. Here’s what’s exciting: participants in the staking pool will align with the launch of a brand-new gaming ecosystem token (tentatively named BeeFi). This token will integrate seamlessly into XDBees Game, and in future releases, it will be swappable with HONEY, enhancing gameplay and utility across the ecosystem. In simple terms, staking allows users to support the blockchain by locking up cryptocurrency in a wallet. This helps secure the network and validate transactions, rewarding users in return. Unlike mining, staking is energy-efficient and sustainable, aligning perfectly with the innovative goals of XDB CHAIN and its gaming ecosystem. Join the journey, stake your XDB, and be part of building something extraordinary! Why Stake? Stake $XDB and Earn 300% APR in HONEY Tokens! Users can participate in an exclusive opportunity to earn 300% APR in $HONEY tokens.Here’s how it works: This opportunity is secure, transparent, and entirely on-chain, making it a compelling option for users seeking exciting network growth participation while supporting the overall XDB CHAIN ecosystem. Pro Tip: HONEY is the in-game currency of XDBees Game! Learn more about it and their growing ecosystem to maximize your engagement! ADD LINK OF TELEGRAM GAME How to Participate in XDBStake The XDB Wallet integrates seamlessly with XDB CHAIN, offering a secure, non-custodial solution for managing your XDB coins and digital assets like NFTs. Its non-custodial nature ensures users retain full ownership of their funds and private keys, making it a trusted choice for security-conscious users. Important Considerations Staking programs like XDBees Staking Pool not only empower users to grow their holdings but also drive the adoption of innovative blockchain technologies. By participating, you become an integral part of the XDB CHAIN ecosystem, fostering a decentralized and secure digital future.
A New Era in Luxury: Haussmann & Co Launches NFT Collection on XDB CHAIN to Reward Loyal Clients and Track Repairs
Haussmann & Co, an iconic name in luxury watches since 1794, has launched its first-ever NFT certification on XDB CHAIN. This innovative product ushers in cutting-edge blockchain technology, offering Haussmann & Co clients a secure, modern way to certify and manage their luxury timepieces and repair activities. While the term “NFT” has often been associated with digital art and speculative investments, Haussmann & Co redefines its purpose, introducing NFTs as functional tools within the luxury space. With this launch, clients can store digital certificates for their luxury watches directly in their unique XDB CHAIN wallets, ensuring unparalleled security and convenience. These NFTs represent a significant leap in utility. Serving as tamper-proof digital certificates, they add a new layer of trust and transparency to the luxury watch ecosystem. For owners, this means peace of mind, knowing their treasured timepieces are securely backed by blockchain technology. This innovation marks a transformative moment for the luxury industry, as Haussmann & Co embraces a digital future where authenticity, ownership, and heritage are more transparent and secure than ever. It also reflects a growing trend among luxury brands: adopting NFTs not for hype, but for meaningful, client-centric innovations. Solving Industry Challenges with BlockchainThe luxury market has long faced challenges such as counterfeiting and unclear provenance. By integrating NFTs as digital certificates, Haussmann & Co provides clients with several distinct advantages: – Secure Proof of Purchase: Immutable certificates ensure the authenticity of purchases can be verified at any time. – Enhanced Resale Value: Watches accompanied by blockchain-backed NFTs boast an authenticated history, significantly increasing their desirability and market value in the secondary market. – Digital Collection Opportunities: Owning multiple Haussmann & Co watches allows clients to build a curated NFT collection—an evolving portfolio that merges tradition with cutting-edge technology. This collection could hold unique value in the future, opening new opportunities for collectors. By addressing these pain points, Haussmann & Co ensures that its clients receive not only an exquisite timepiece but also a modern, tech-forward experience. This approach redefines luxury for the digital age. Why XDB CHAIN?The decision to partner with XDB CHAIN reflects Haussmann & Co’s commitment to innovation. With thousands of customers already utilizing XDB CHAIN wallets, the platform offers the scalability and reliability required for such a groundbreaking initiative. Known for its security, ease of use, and focus on real-world blockchain applications, XDB CHAIN is the ideal partner for this endeavor. For clients, this collaboration provides more than just a secure method to store digital certificates. It invites them to join an ecosystem where innovation meets exclusivity. As more luxury brands adopt blockchain technology, NFT collections like this could become cultural and technological milestones in the history of luxury. A Future of Tangible and Digital OwnershipBy merging blockchain technology with high-end craftsmanship, Haussmann & Co and XDB CHAIN are pioneering a new era of luxury. Ownership is no longer just tangible but also digital, secure, and endlessly innovative. Haussmann & Co’s commitment to blending tradition with innovation ensures clients receive not just exceptional timepieces, but a seamless integration of heritage and modernity. Welcome to the future of authenticity and ownership—luxury, redefined.
Fueling Token Growth: The Role of Liquid DEXs in XDB CHAIN’s Market Strategy
XDB CHAIN is focused on bridging the gap between digital assets and real-world applications. A key factor in driving the success of XDB CHAIN’s natively minted tokens lies in liquidity. Liquid decentralized exchanges (DEXs) across multiple chains play a pivotal role in the go-to-market strategy, ensuring users can access and swap these tokens seamlessly, thus boosting adoption and playing a crucial role in expanding the XDB CHAIN ecosystem. Why Liquidity MattersLiquidity on DEXs enables users to buy and sell tokens without large fluctuations on the inventory side, fostering trust and incentivizing further use. High liquidity attracts both users and long-term holders, creating a thriving market. Moreover, DEX liquidity amplifies the tokens’ visibility, positioning them as reliable assets across various platforms. With more liquid trading pairs, users experience reduced slippage, increasing confidence and encouraging wider participation. As DEXs facilitate the flow of XDB CHAIN’s minted tokens across different blockchains, they are also instrumental in expanding the ecosystem by making them accessible to new markets and participants. Multi-Chain AdvantagesXDB CHAIN’s recent move with BCO and CBPAY into a multichain environment is a significant step in enhancing liquidity and market presence. By integrating with liquid DEXs across other chains, XDB CHAIN leverages the unique strengths of each blockchain. This multi-chain presence not only improves liquidity but also creates broader access points for a diverse audience of users and developers. The transition of CBPAY to a multichain approach allows for more opportunities and fosters an inclusive ecosystem, enabling users to interact with XDB CHAIN’s native tokens across multiple platforms, thus contributing to the expansion of the XDB CHAIN ecosystem. The Role of DEXs in Ecosystem ExpansionDEXs are more than just a liquidity provider—they are a critical engine for ecosystem growth. By enabling frictionless trading and supporting cross-chain functionalities, DEXs open doors for new integrations and collaborations within the decentralized space. This ecosystem expansion is key to increasing the utility and real-world applications as users can engage with these tokens across different decentralized applications and financial systems. ConclusionAs XDB CHAIN gains traction by increasing users and token holders, leveraging liquid DEXs on multiple chains becomes a strategic driver for scaling. As more liquidity pools are developed, users and projects have more flexibility to engage with these tokens. By ensuring liquidity is well-distributed across multiple platforms, DEXs not only enhance trading volumes but also play a pivotal role in expanding the XDB CHAIN ecosystem, attracting larger user bases, and encouraging real-world use cases.
BBB BURN event #2 is completed!
Introduction Thanks to the built-in XDB CHAIN mechanism tied up with the adoption of Branded Coins (BCO) and their unique buyback and burn mechanism (BBB), XDB Chain aims to enhance the real-world utility and supply-demand dynamics of the XDB coin and XDB CHAIN ecosystem through its powerful blockchain platform. This mechanism includes an allocation of up to 2.5% of each Branded Cryptocurrency’s supply for regular buybacks and burning of XDB coins, fostering scarcity and providing incentives for all stakeholders of the ecosystem. This approach strengthens the economic viability of the network. XDB CHAIN has officially launched the first BCO in June 2024 and triggered the very first BBB BURN event (#1) in the history of XDB CHAIN on July 1st 2024, marking a key milestone for the next development phase of the project. It is now time to advance to the next stage which happens on a quarterly basis with BBB BURN event #2 signaling strong advancement of the project as per its tokenomics and programmed digital scarcity. This BBB event will exist in perpetuity on the XDB CHAIN network. Burn Event #2 The second burn event took place on October 1, 2024, following the successful Token Generation Event (TGE) of CBPAY in June 2024. CBPAY was the very first BCO launched on XDB CHAIN, and has lately expanded multi-chain thanks to MESH, the later AI-powered addition to the XDB CHAIN product ecosystem. This event, compliant with BBB rules, committed to burning 62,500,000 CBPAY tokens over each quarter over a multi year time frame. The BBB mechanic worked as follows: with an average sales price of $0.000331 per CBPAY, the 62,500,000 CBPAY tokens generated $20,687.5. The funds were then used to repurchase XDB coins at an average price of $0.0003352, resulting in 61,715,888.44 XDB being permanently burned. This built-in strategy aims to manage the CBPAY supply over the next four years through 16 events (14 remaining), assuming CBPAY’s market cap remains in the Tier 1 range of 0-50 million dollars. If the market cap of CBPAY increases relative to XDB and beyond 50 million USDT, the BBB process will burn a higher share of XDB coins, also potentially increasing the sale of CBPAY beyond 62,500,000 by quarter to exhaust the 2.5% pledged supply. Summary of Burn Event #2: Parameter Details Event Date October 1, 2024 Pledged CBPAY Tokens 62,500,000 Average CBPAY Sales Price $0.000331 Total CBPAY Sales Revenue $20,687.5 Average XDB Purchase Price $0.0003352 Total XDB Burned (event #2) 61,715,885.44 Total XDB Burned (BBB events) 164,884,167.99 Following the introduction of Branded Coins (BCO) and their unique buyback and burn mechanism (BBB), XDB Chain aims to enhance the real-world utility and supply-demand dynamics of the XDB coin through its powerful blockchain platform. This mechanism includes an allocation of up to 2.5% of each new Branded Cryptocurrency’s supply which will aggregate for regular buybacks and burning of XDB coins, fostering scarcity and providing incentives for all stakeholders. This approach strengthens the economic viability and attractiveness of the XDB Chain network in connection with growth of adoption and utility. Official BURN Address and Impact on Supply The balance of the official burn address has been updated following Burn Event #2, the second BBB event on XDB CHAIN after the launch of CBPAY. The burn address now holds 1,190,514,148.0170324 XDB CHAIN native coins (XDB), reducing the total supply by 61,715,885.44 XDB to 18,809,485,852.56 XDB coins. You can view the transaction details here. The newly created token disclosure page on xdbchain.com provides comprehensive information on tokenomics and supply reduction. This page is integrated with the XDB CHAIN explorer, ensuring transparency and auditability for the XDB CHAIN community. The XDB token supply can be tracked in real time at https://explorer.xdbchain.com/circulating-supply. This move further reduces both the circulating and total supply, transitioning from previous 18,871,201,737.42297 to 18,809,485,852.56 XDB Chain native coins. Recap of Official BURN Parameters: Parameter Details Burn Address Balance 1,190,514,148.0170324 XDB Total Supply Reduction 61,715,885.44 XDB New Total Supply 18,809,485,852.56 XDB Transaction Details View Transaction Enhanced Digital Scarcity By submitting transactions with zero weights and thresholds, developers can invalidate keys, including the master key, preventing further transactions and token creation. This feature, primarily for developers, can significantly impact
CBPAY Goes Live on CoinbarPay: Revolutionizing Digital Payments
We’re thrilled to announce the official launch of CBPAY, the world’s first community-driven payment token on XDB CHAIN, now fully integrated into the CoinbarPay platform. This pivotal milestone sets the stage for a transformative era in digital payments, unlocking unparalleled opportunities for both merchants and consumers. CBPAY’s seamless integration with CoinbarPay brings a robust, user-friendly, and incentive-rich experience to the forefront, positioning itself as a game-changer in the cryptocurrency landscape. What Does This Mean for Merchants? With CBPAY now live on CoinbarPay, merchants can take advantage of crypto payments in a whole new way. CBPAY offers merchants greater flexibility and the ability to tap into a tech-savvy, cryptocurrency-driven customer base. By accepting CBPAY, businesses can present themselves as innovative leaders in the digital economy, appealing to a growing audience of crypto users. The integration is designed to provide a frictionless payment experience while mitigating the usual complexities associated with digital assets. Lower transaction fees and reduced processing times also enhance the value proposition for businesses, making it an attractive option for merchants looking to stay ahead in a rapidly evolving market. A New Era for Consumers Consumers are set to benefit immensely from CBPAY’s integration. Whether they’re shopping online or at physical stores, CBPAY tokens will offer a fast, secure, and transparent payment method. But that’s not all—CBPAY goes beyond traditional payments by introducing a unique reward and incentive system that gives users cashback, discounts, and exclusive promotions with participating merchants. This rewards-based model transforms everyday purchases into rewarding experiences. Users are encouraged to actively engage with the ecosystem, earning bonuses through referrals and benefiting from real-time crypto-back mechanisms on every transaction. The more they use CBPAY, the greater the rewards, fostering a deeper connection between consumers and the brands they interact with. Robust Tokenomics Driving Growth The heart of CBPAY’s success lies in its carefully designed tokenomics, built to support long-term sustainability and community engagement. By incentivizing both users and merchants through a series of cashback, staking rewards, and promotional opportunities, CBPAY ensures that everyone in the ecosystem benefits from its growth. • Consumers gain from crypto-back rewards on purchases and referral bonuses, ensuring their active participation. • Merchants enjoy reduced transaction fees and the ability to drive promotions that attract loyal customers, leveraging the token’s built-in rewards system. As CBPAY adoption grows, its tokenomics ensures a deflationary model through periodic token burns, enhancing the token’s scarcity and value over time. This model incentivizes long-term holding and participation, making it an attractive digital asset for a wide range of users. The Future of Payments Starts Now The launch of CBPAY on CoinbarPay isn’t just a technical achievement—it’s the beginning of a broader movement toward mainstream cryptocurrency adoption. With its intuitive design, strong incentives, and robust ecosystem, CBPAY is set to become a staple in the global payments industry. As more consumers and merchants join the network, the opportunities for growth are limitless. This launch is only the first step. As partnerships continue to grow and new features are added, CBPAY will continue to revolutionize how we think about digital payments. Now is the time for both users and businesses to join this rapidly expanding ecosystem and reap the benefits of blockchain-powered transactions. Stay tuned for more updates as we continue to push the boundaries of what’s possible in the world of digital currency.
Introducing M.E.S.H. on XDB CHAIN: The Future of Multichain Ecosystem Supply Management
We are excited to unveil M.E.S.H., the Multichain Ecosystem Supply Hub, a groundbreaking protocol add-on for the XDB CHAIN. After months of in-depth product research and development, M.E.S.H. was designed to elevate the XDB CHAIN platform by integrating advanced multichain token supply management with AI-ready capabilities. This innovative solution is poised to transform token supply management and blockchain systems, positioning M.E.S.H. as the go-to layer for Layer 2 blockchain, AI applications, and token projects like BCOs. Understanding M.E.S.H. M – MultichainM.E.S.H. capitalizes on multichain technology, enabling seamless operations across various blockchain networks. This is essential for managing modern token supply systems that span industries, regions, and regulatory frameworks. M.E.S.H. allows for the tracking, verification, and facilitation of transactions across multiple blockchains, ensuring flexibility and interoperability. In doing so, it also streamlines token supply management, providing businesses the versatility they need to scale globally. E – EcosystemAt its core, M.E.S.H. strengthens the entire XDB CHAIN ecosystem. It reduces redundancies, minimizes delays, and lowers transaction costs, optimizing the system’s overall performance. Ecosystem efficiency extends to token supply management, where M.E.S.H. ensures precise distribution, tracking, and oversight of tokens. Beyond cost-effectiveness, it enhances transparency and traceability, key factors for ensuring compliance and building trust in token management processes. By supporting seamless, interconnected operations, M.E.S.H. significantly contributes to a more reliable and efficient XDB CHAIN ecosystem. S – SupplyM.E.S.H. focuses heavily on optimizing token supply and management. It provides real-time tracking of token movements, ensures distribution accuracy, and maintains control over the entire token lifecycle. These functions are critical for industries where precision is key. M.E.S.H.’s decentralized infrastructure ensures continuity and stability, even in the face of disruptions. Its advanced token supply management provides comprehensive oversight for the entire lifecycle of tokens—from issuance to distribution and beyond—seamlessly integrating them into the broader XDB CHAIN ecosystem. H – HubAt the heart of M.E.S.H. is the Hub, a central point of coordination and connectivity within the multichain system. This hub aggregates data from multiple blockchains, providing an overview of token supply management. M.E.S.H. serves as the key integrator for data, processes, and communication among all participants—token holders, distributors, and other network stakeholders. This centralization ensures that all parties are aligned, enabling transparent and efficient operations across the entire token management ecosystem.The AI-Ready and Advanced Token Supply Management Advantage What sets M.E.S.H. apart is its AI-ready infrastructure, designed to fully integrate artificial intelligence to enhance complex system management. The platform seamlessly incorporates AI capabilities, enabling predictive analytics, automated decision-making, and enhanced data insights. With AI, M.E.S.H. allows token ecosystems to become more adaptive, proactive, and responsive, driving efficiency and innovation to new levels. M.E.S.H. also incorporates advanced token supply management, providing real-time, comprehensive oversight of token movements and lifecycle management. This ensures that businesses can manage tokens across multiple chains efficiently, reduce operational risks, and stay compliant with regulations. As industries increasingly rely on AI to overcome challenges, M.E.S.H. positions itself as the leading solution for blockchain, AI-driven applications, and token projects like BCOs. By combining AI with multichain token supply management, M.E.S.H. not only addresses current demands but also anticipates future needs. It offers the scalability and flexibility required to support businesses on their long-term roadmaps, aligning with the expected rise in consumer demand by 2030. The Future with M.E.S.H. M.E.S.H. represents the future of multichain ecosystem supply management. Its seamless integration of multichain functionality, AI-driven insights, and optimized token management processes delivers a robust, future-proof solution for businesses looking to stay ahead in an increasingly complex digital landscape. This innovation provides XDB CHAIN with a flexible, secure, and efficient platform for managing token ecosystems globally. The first product implementation of M.E.S.H. is the release of 5% of CBPAY’s supply on ArbitrumOne, demonstrating the seamless interplay of a natively built XDB CHAIN project that grows and expands further thanks to this protocol upgrade. While many of the advanced product intelligence features remain to be unveiled, they are integral to the development and future potential of M.E.S.H., marking a significant milestone in the growth of the entire ecosystem. Stay tuned as we continue to push the boundaries of what’s possible with M.E.S.H. in this rapidly advancing space!
Why NFTs are so value-driven in the XDB CHAIN Ecosystem
In the XDB CHAIN ecosystem, NFTs (Non-Fungible Tokens) transcend the typical notion of digital collectibles by being closely linked to real-world assets within branded tokens (BCOs). This integration creates a direct connection between digital assets and real-world value, further enhanced by the utility driven by GameFi applications on the XDB CHAIN. NFTs as Utility-Driven Assets (UDA)In the XDB CHAIN ecosystem, NFTs are not merely standalone digital art or collectibles; they are embedded within the utilities of branded products and GameFi applications. These NFTs serve as access keys, membership tokens, or exclusive rights tied to specific offerings within the BCOs. For instance, an NFT might grant special privileges such as discounts, premium content access, participation in exclusive events related to a branded product, or unique benefits within GameFi environments, such as increased ranking in seasonal airdrops and possibilities to unlock special game features. This approach connects digital tokens to real-world and in-game benefits, enhancing their value. Integration with Branded Tokens (BCOs)Branded tokens are digital assets issued by various brands within the XDB CHAIN ecosystem, representing the brand’s value and usable for transactions, rewards, and more. NFTs in the XDB CHAIN ecosystem often enhance the utility of these branded tokens by adding additional functionalities. For example, holding a specific NFT could increase the value of a branded token, unlock unique benefits tied to that token, or provide special in-game advantages within GameFi applications, thereby linking the digital, physical, and gaming worlds more closely. Connection to Real-World Assets (RWA)The XDB CHAIN ecosystem’s approach to NFTs effectively bridges the gap between digital tokens, real-world assets, and GameFi applications. Brands can issue NFTs that directly interact with their products, services, and customer experiences, as well as with GameFi platforms. This enables consumers holding these NFTs to experience real-world benefits, such as product discounts, loyalty rewards, in-game assets, or even ownership stakes in brand initiatives, thereby creating real-world and in-game value through digital ownership. In summary, NFTs in the XDB CHAIN ecosystem are not just digital assets; they are integral components of the branded product ecosystem and GameFi applications, enhancing the value and utility of both the NFTs and the associated branded tokens. This innovative approach ties NFTs directly to real-world assets and gaming experiences, setting the XDB CHAIN ecosystem apart in the evolving landscape of blockchain technology. Moreover, these NFTs will enrich the game-changer family of #RWA natively minted on the XDB CHAIN.
XDB CHAIN Connecting GameFi and Real World Assets (RWA)
In the rapidly evolving world of blockchain, the intersection between GameFi and Real World Assets (RWA) is creating groundbreaking opportunities. XDB CHAIN is strongly determined to advance both by leveraging a very strong framework. These two domains, though seemingly distinct, are converging in ways that could reshape both gaming and real-world economies. Here’s how: Tokenization of In-Game AssetsIn GameFi, players can earn and trade in-game assets as NFTs, which hold real-world value. Much like RWAs, these digital items can be bought, sold, or traded on blockchain platforms, effectively merging virtual and real economies. Imagine owning a rare item in a game that could be sold in exchange a valuable asset! Real-World Utility in GamingAs GameFi grows, there’s a trend towards integrating RWAs into gaming ecosystems. Players might earn tokens in a game that can be exchanged for tangible goods or services in the real world, making the gaming economy more connected to global markets. This not only enhances the gaming experience but also increases the utility of digital assets. Innovative Economic ModelsBoth GameFi and RWA leverage blockchain to create new economic models. GameFi introduces play-to-earn mechanics, allowing players to earn rewards with real-world value. On the other hand, RWA focuses on tokenizing real world assets to improve liquidity and accessibility. The synergy of these models could unlock innovative value-driven growth opportunities. Community-Driven GrowthBoth sectors emphasize community engagement. GameFi projects thrive on active user participation, much like how RWA initiatives drive value by democratizing access to real assets. This focus on community fosters collaboration, driving adoption and innovation across both industries. Potential for Future GrowthThe fusion of GameFi and RWA presents vast opportunities for new business models. By blending gaming with real-world assets, developers can create unique experiences that appeal to both gamers and stakeholders, paving the way for a more sustainable and diverse ecosystem.In summary, the connection between GameFi and RWA is more than just a trend—it’s the next step in the evolution of blockchain technology. This synergy is set to enhance the digital landscape, making it more appealing and accessible to a broader audience. Whether you’re a gamer, tech savvy, or blockchain enthusiast, the future of this intersection holds immense promise! And XDB CHAIN trailblazes it.
XDBees Game! A Special Reward for Your Loyalty
Hello XDBees, We hope you’re enjoying the latest updates with Hivolution! We have been closely monitoring the system and wanted to address some recent issues. Reward Engine Glitches Following the Hivolution release, we observed some random glitches affecting the reward engine. These glitches caused some unexpected interruptions in the distribution of rewards. We understand how crucial these rewards are to your experience and engagement, and we sincerely apologize for any inconvenience this may have caused. Issue Resolved Our dedicated team has been working tirelessly to fix these glitches, and we are pleased to inform you that the issue has now been resolved. The reward engine is back to functioning smoothly, ensuring that you receive your well-deserved rewards without any hitches. A Special Thank You: 10,000 HONEY Airdrop To express our gratitude for your continuous support and engagement, we are excited to announce a special one-time airdrop. We are releasing 10,000 HONEY to each early XDBees players! This is our way of saying thank you for sticking with us and for your patience during the recent glitches. How to Claim Your HONEY You don’t need to do anything to claim your airdrop. The 10,000 HONEY will be automatically credited to your account. Just log in and check your balance to see your reward! Stay Engaged Your engagement is what makes our community thrive. We encourage you to continue participating, sharing your feedback, and enjoying all the benefits of being an XDBees member. We have more exciting updates and features coming your way, so stay tuned! Thank you once again for your unwavering support. Together, we are making the Hivolution experience better and stronger. Happy earning,The XDBees Team
BCO Buy-Back-Burn (BBB) Impacts on XDB Supply
Understanding the Quarterly BCO Burn The Quarterly BCO Burn involves systematically reducing the supply of BCO tokens through buy-back and burn. The BURN #1 event was triggered by the CBPAY TGE. Here’s an overview of the CBPAY BBB process: Projecting the Impact on XDB Supply The burn strategy is not just about reducing the supply of XDB coins; it aims to have a profound impact on the XDB ecosystem. Here’s how:Current XDB Supply: After the BURN #1 event, the total supply of XDB tokens will be reduced to 18,871,201,738.00. Metric Value Current XDB Supply 18,871,201,738.00 Target XDB Supply 10,000,000,000.00 Supply Left to Target 8,871,201,738.00 Four-Year Plan 5.731550474 equivalent CBPAY-like BCO with current range (MCap / CBPAY-XDB price ratio) Additional Projection 18.4% of XDB supply projected to be burned by CBPAY-like BCO to get to 10 billion Leveraging BCO Pledge Network Support A key pillar of XDB CHAIN ecosystem coin (XDB) is the BCO pledge on each tokenmonics, which supports the XDB CHAIN as a whole. This system leverages the protocol layer and the robust XDB CHAIN and BCOs communities to create value across the entire ecosystem. By setting the foundation for a deflationary mechanism, the aim is to increase ecosystem value in line with growing participation and utility creation. Why This Matters The Quarterly BCO Burn is more than just a technical activity; it is a strategic initiative designed to: The BBB Mechanism on XDB CHAIN The BBB (Buy Back & Burn) mechanism on the XDB CHAIN is designed to enhance the value proposition of the XDB coin and institute a deflationary mechanism. Specifically, every new Branded Coin (BCO) launched on XDB CHAIN allocates up to 2.5% of its total supply for regular XDB buyback and burning. This systematic process, executed quarterly on the XDB CHAIN protocol, involves a dedicated burn address, ensuring full community auditability. The BBB mechanism on XDB CHAIN works in tandem with the launch of each BCO, like the inaugural CBPAY, to enhance the value of the overall ecosystem. By regularly buying back and burning XDB tokens, the BBB process helps to reduce the circulating supply and increase the scarcity of the XDB coin, benefiting the broader XDB CHAIN ecosystem, including the CBPAY token and its adoption. Market Cap Buy-back Tiers System The Market Cap Buy-back Tiers system implemented on the XDB CHAIN is designed to accelerate the deflationary impact of the BBB mechanism, thereby increasing the scarcity of XDB coins over time. Key points: For example: This accelerated burn rate systematically reduces the circulating supply of XDB coins over time, increasing their scarcity and potentially contributing to the value creation for the entire XDB CHAIN ecosystem.
First ever BBB BURN event!
Introduction Following the introduction of Branded Coins (BCO) and their unique buyback and burn mechanism (BBB), XDB Chain aims to enhance the real-world utility and supply-demand dynamics of the XDB coin through its powerful blockchain platform. This mechanism includes an allocation of up to 2.5% of each new Branded Cryptocurrency’s supply for regular buybacks and burning of XDB coins, fostering scarcity and providing incentives for all stakeholders. This approach strengthens the economic viability of the XDB Chain network. XDB CHAIN has officially launched the first BCO and triggered the very first BBB BURN event (#1) in the history of XDB CHAIN, marking a key milestone for the next development phase of the project. Burn Event #1 The first burn event took place on July 1, 2024, following the successful Token Generation Event (TGE) of CBPAY. CBPAY is the first BCO launched on XDB CHAIN. This event, complaint with BBB rules, committed to burning 62,500,000 CBPAY tokens over the first quarter. The BBB mechanic worked as follows: with an average sales price of $0.000596 per CBPAY since its launch, the 62,500,000 CBPAY tokens generated $37,243.75. The funds were then used to repurchase XDB at an average price of $0.000361, resulting in 103,168,282.55 XDB being burned. This built-in strategy aims to manage the CBPAY supply over the next four years through 16 events (15 remaining), assuming CBPAY’s market cap remains in the Tier 1 range of 0-50 million dollars. If the market cap of CBPAY increases relative to XDB, the BBB process will burn a higher share of XDB coins, also potentially increasing the sale of CBPAY beyond 62,500,000 by quarter to exhaust the 2.5% pledged supply. Summary of Burn Event #1: Parameter Details Event Date July 1, 2024 Pledged CBPAY Tokens 62,500,000 Average CBPAY Sales Price $0.000596 Total CBPAY Sales Revenue $37,243.75 Average XDB Purchase Price $0.000361 Total XDB Burned 103,168,282.55 Following the introduction of Branded Coins (BCO) and their unique buyback and burn mechanism (BBB), XDB Chain aims to enhance the real-world utility and supply-demand dynamics of the XDB coin through its powerful blockchain platform. This mechanism includes an allocation of up to 2.5% of each new Branded Cryptocurrency’s supply for regular buybacks and burning of XDB coins, fostering scarcity and providing incentives for all stakeholders. This approach strengthens the economic viability and attractiveness of the XDB Chain network. Official BURN Address and Impact on Supply The balance of the official burn address has been updated following Burn Event #1, the first BBB event on XDB CHAIN after the launch of CBPAY. The burn address now holds 1,128,798,262.5770323 XDB CHAIN native coins (XDB), reducing the total supply by 103,168,282.55 XDB to 18,871,201,737.42297 XDB. You can view the transaction details here. The newly created token disclosure page on xdbchain.com provides comprehensive information on tokenomics and supply reduction. This page is integrated with the XDB CHAIN explorer, ensuring transparency and auditability for the XDB CHAIN community. The XDB token supply can be tracked in real time at https://explorer.xdbchain.com/circulating-supply. This move reduces both the circulating and total supply, transitioning from 18,974,370,019 to 18,871,201,737.42297 XDB Chain native coins. Some tracking websites may only reduce the total token supply and not the circulating supply, as they do not consider Treasury tokens in circulation. Recap of Official BURN Parameters: Parameter Details Burn Address Balance 1,128,798,262.5770323 XDB Total Supply Reduction 103,168,282.55 XDB New Total Supply 18,871,201,737.42297 XDB Transaction Details View Transaction Enhanced Digital Scarcity By submitting transactions with zero weights and thresholds, developers can invalidate keys, including the master key, preventing further transactions and token creation. This feature, primarily for developers, can significantly impact the overall supply of the cryptocurrency. Detailed information on this feature is available in the official XDB Chain documentation with the launch of XDB Chain v19. Creating a “BURN” Address (Technical Instructions) Developers can create a “locked address” to burn tokens. Once transferred, these tokens become unusable in any future transaction. This process involves setting the weights and thresholds to zero, creating a scenario where all keys, including the master key, become invalid, effectively locking the account forever. Conclusion Burn #1 is now completed! The next event is Burn #2 and is scheduled for October 1,
Market Cap Buy-back Tiers: The Enhanced BBB Mechanism on XDB CHAIN
Introduction The XDB CHAIN platform has consistently aimed to enhance the value proposition of the XDB CHAIN ecosystem. Central to this strategy is the buy-back-and-burn (BBB) mechanism, leveraged by BCOs, designed to introduce a deflationary approach that systematically increases the scarcity and value of the XDB CHAIN ecosystem. To accelerate this process, we are implementing Market Cap Buy-back Tiers for Branded Coins (BCOs). Introducing Market Cap Buy-back Tiers The Market Cap Buy-back Tiers system is designed to accelerate the burn rate based on the market cap of each BCO. It’s important to clarify that this mechanism doesn’t increase the overall 2.5% allocation of each BCO to BBB but simply moves quicker, accelerating the benefit of the burn process over a shorter period of time. The market cap is calculated as the average quarterly BCO token price over that specific quarter times the total supply. The Buy-back multiplier might change from quarter to quarter depending on the market cap tier of that specific BCO for that quarter. The acceleration is based on the following tiers: BCO Market Cap Tier Buy-back Multiplier Quarterly BCO BBB Supply Allocation $0 – $50M 1x 0.1563% $50M – $100M 1.25x 0.1953% $100M – $200M 1.5x 0.2344% $200M – $500M 1.75x 0.2734% >$500M 2x 0.3125% How the Market Cap Buy-back Tiers Work The tier system enhances the deflationary effect as the BCO’s market cap grows. Here’s how it functions in practice: Strategic Benefits Understanding the BBB Mechanism The BBB mechanism operates as follows: Future prospects when XDB CHAIN ecosystem supply reaches 10 Billion As the supply of XDB coins is systematically reduced through the BBB mechanism, there will come a point when the total supply reaches 10 billion coins. At this milestone, any future BCO will continue to pledge up to 2.5% of its supply to the BBB process. However, instead of burning the bought-back XDB coins, these coins will be added to the project’s Treasury. This strategic shift aims to further enhance and support ecosystem and community growth initiatives in perpetuity. By continuously adding value and resources to the Treasury, we ensure sustained development, innovation, and support for the XDB CHAIN community. Conclusion The introduction of Market Cap Buy-back Tiers represents a strategic enhancement to the XDB CHAIN’s BBB mechanism. By accelerating the burn rate based on market cap, we aim to amplify the deflationary effect, thereby increasing the value proposition of the XDB CHAIN ecosystem, while keeping at its core the values of fairness and transparency. This innovative approach drives growth and value within the XDB CHAIN ecosystem, benefiting all stakeholders. Stay tuned for further updates and detailed development plans. Together, we are building a more valuable and robust digital ecosystem on the XDB CHAIN.
CBPAY Staking Pool and LCBPAY are Live!
Introducing CBPAY and first-ever Staking Pool CBPAY, a revolutionary new BCO within the XDB CHAIN ecosystem, is designed to provide users with seamless and efficient payment solutions. This innovation aims to enhance the flexibility and usability of XDB tokens both within and beyond the XDB CHAIN network. Technical Information Why LCBPAY? LCBPAY is crucial for enabling Pool and Staking events within the CBPAY Token ecosystem. It acts as a bridge, facilitating participation in on-chain related programmes while maintaining liquidity, flexibility and the utmost level of transparency. With LCBPAY, users can effortlessly engage in CBPAY DeFi activities and XDB CHAIN-based services, maximizing their transactional efficiency and potential rewards into any present and future campaign. CBPAY Supply Management CBPAY has been launched to enhance the CBPAY ecosystem by providing a seamless and efficient payment solution. It serves as a unit of representation for any future payment campaign on the XDB CHAIN. Under no circumstances is CBPAY or LCBPAY intended to inflate the supply of XDB coins. Its sole objective is to facilitate on-chain transactions by users who have previously and willingly participated in dedicated programs following official disclosures from official channels. CBPAY will follow strict supply management practices, ensuring its use aligns with the broader goals of the XDB CHAIN ecosystem. Pool Events Pool Events provide an exciting opportunity for users to engage in DeFi activities by staking tokens in official pools on XDB CHAIN, enhancing awareness and on-chain utility. Benefits Users can stake XDB or branded tokens like CBPAY or SBX to receive special benefits, including new utility tokens. These events increase token retention, boost liquidity, and enhance community engagement. Categories Stay updated with our ongoing and past Pool Events to maximize staking opportunities. Join now and be part of the thriving XDB CHAIN community! CBPAY Staking Pool: 1st July – 31st August Stake your CBPAY tokens and get a 60% APR! Send your CBPAY to the official pool wallet before 1st July at 10:00 UTC and receive LCBPAY in a 1:1 ratio. How to Participate in the Staking Pool For more information and detailed instructions on how to get started with CBPAY, please visit our official XDB CHAIN Pool page.
Liquid XDB has been minted!
Introduction LXDB, namely Liquid XDB, is the very first on-chain representation of any user willing to participate in dedicated rewards programmes on XDB CHAIN! Here’s all technical parameters users need to be aware of: Issuer address:GA5WXAK4AHHPYEI2V2Q6CFV5VEVKF6H6I3FVUBYVVT24AXRW3HPPLXDB Distributor address:GDTDBPNVGKJ2I2R5T43SCLXVKFGBUH25Y7NNGUOK32SL7LIKMO3BVCJ5 Supply: 18,974,370,020 Why LXDB? LXDB, or Liquid XDB, is a crucial component of the Launch Pool and future staking campaigns on XDB CHAINl. It acts as an on-chain proof of user’s staked or locked XDB coins, allowing them to maintain liquidity and flexibility. With LXDB, users can potentially participate in any XDB CHAIN DeFi activities while still getting rewards, as in the case of the inaugural CBPAY Launch Pool. Detailed Instructions Detailed instructions on how to stake user’s XDB coins and participate in the Launch Pool or staking campaigns will be provided before the event window, using secure channels. These instructions will ensure that all participants can easily and effectively stake their tokens, maximizing their potential rewards. Introduction to the Launch Pool The Launch Pool is a groundbreaking opportunity for XDB token holders to get rewards based on their engagement and participation. By staking user’s XDB coins, they can get a share of the reward pool. This framework is designed to incentivize and reward the XDBees community, fostering growth and engagement within the ecosystem. Let’s dive into what the Launch Pool entails and how users can participate. How to Participate Participating in the Launch Pool is simple and can be broken down into a few key steps: Conclusion LXDB has been minted 1:1 with the XDB supply and will serve as a unit of representation for any future launch pool and staking campaign on the XDB CHAIN. Under no circumstances is LXDB intended to inflate the supply of XDB coins. Its sole objective is to identify on-chain participation by users who have previously and willingly locked their tokens in stake to participate in dedicated programs following official disclosures from official channels. LXDB will reduce its supply by following each burn event of XDB coin as per BBB (buy-back-burn) of BCOs.
100,000,000 CBPAY Airdrop – Last CBPAY airdrop before launch!
The CBPAY airdrop is marking the final airdrop event before the official launch of CBPAY. This event is not just about earning CBPAY but also about experiencing the launch of new tools on the XDB CHAIN to support upcoming BCOs launches!. The 2nd wave of CBPAY airdrop is introducing two exciting opportunities: the DEX Challenge and the Launch Pool. These initiatives are designed to reward active participation and engagement within the community. Event Period: DEX Challenge The DEX Challenge is a call to all the users to dive into the world of decentralized exchanges.Here’s the chance to showcase the trading prowess on the XDB CHAIN built-in DEX. How to Participate: This challenge is a fantastic way to experiment with swapping strategies and potentially secure a top spot among the rewarded participants. Launch Pool The Launch Pool provides an opportunity for XDB token holders to stake their tokens and earn a share of the CBPAY reward pool. How to Participate: Detailed instructions on how to stake and participate will be provided before the event window opens. Why Participate? This event is not just about earning rewards; it’s about being an integral part of the CBPAY ecosystem’s growth. By participating in the DEX Challenge and Launch Pool, users are actively contributing to the development and success of the CBPAY platform. Plus, the thrill of competing in the DEX Challenge and the strategic staking in the Launch Pool make this a must-attend event. Stay connected and be part of the vibrant XDB CHAIN and CBPAY community. The participation and support are what make these events successful.
First Ever SBX Token Airdrop
This event offers an excellent opportunity for participants to early access SBX Token project and get airdropped SBX tokens. The SBX token is firmly entering the Real-World Asset (RWA) territory with the global digital entertainment platforms PlayKids+ and Leiturinha of the Sandbox Group. The utility of the SBX token is connected to a worldwide ecosystem of educational and gaming products. Eligibility Criteria To be eligible for the airdrop, participants must: 1. Have a minimum of 100,000 XDB in their XDB Wallet account. 2. Complete the tasks outlined in the Google Form. *Note: CEXs wallet accounts are excluded from this airdrop and cannot participate.* Reward Details – Airdrop Reward: Every eligible user will receive 1,000 SBX tokens. – Total Distribution: Up to 50 million SBX tokens in total. How to Participate 1. Ensure you have a minimum of 100,000 XDB in your XDB CHAIN account wallet. 2. Complete the tasks in the Google Form: https://forms.gle/nFqUwtLLb2rRSHy39 Disclaimer: SBX Token Airdrop Nothing said is financial advice or a recommendation to buy or sell anything. Cryptocurrency is a highly speculative asset class. The information contained in this Disclaimer, including but not limited to details regarding the airdrop of SBX tokens is provided for informational purposes only. The SBX token is a utility token and does not represent, by any means, a security token or constitute a financial product. SBX token does not guarantee to their purchase any profitability, return of investment, profit, share capital, or voting right. The purchase of SBX token does not confer any ownership interest or equity stake in the SBX Token or its affiliated entities. The information contained in related articles, social media posts, emails, and on our website is not intended as, and shall not be understood or construed as financial advice. We have done our best to ensure that the information provided in related articles, social media posts, emails, and the resources on our website are accurate and provide valuable information. Regardless of anything to the contrary, nothing available in related articles, social media posts, website, or emails should be understood as a recommendation to buy or sell anything and make any investment or financial decisions without consulting with a financial professional to address your particular situation. XDBee Labs LTD nor any of its employees or owners shall be held liable or responsible for any errors or omissions in related articles, in social media posts, in emails, or on our website, or for any damage or financial losses you may suffer. The decisions you make belong to you and you only, so always Do Your Own Research. By purchasing SBX token or participating in the SBX Token Airdrop, users acknowledge and agree to the above disclaimer and the terms and conditions set forth by SBX token. Users are encouraged to review the most current version of this disclaimer before engaging in any activities related to SBX token or the SBX Token Project.
Ethereum Smart Contracts vs Soroban Smart Contracts: A Comprehensive Comparison
The deployment of the Soroban platform on the XDB CHAIN, derived from Stellar, offers an innovative approach to smart contract functionality. This comparison outlines the key differences and advantages between Ethereum Smart Contracts and Soroban Smart Contracts, providing insight into why Soroban represents a significant advancement for Branded Coins Offering (BCOs). Programming Language Ethereum: Solidity Primary Language: Ethereum smart contracts are primarily written in Solidity. Features: Solidity is a statically-typed language specifically designed for developing smart contracts, providing powerful tools tailored to blockchain applications. Soroban: Rust Primary Language: Soroban smart contracts are written in Rust. Benefits: Rust is renowned for its performance and safety benefits, offering high-speed execution and robust security features, making it an excellent choice for secure and efficient smart contract development. Host Environment Ethereum: Limited Execution Environment Execution: Ethereum smart contracts run within the Ethereum Virtual Machine (EVM). Limitations: The EVM has certain limitations in terms of flexibility and extensibility, which can constrain the development of more complex applications. Soroban: Advanced Host Environment Execution: Soroban implements a sophisticated host environment for contract execution. Advantages: This environment opens up numerous possibilities not found in Ethereum’s ecosystem, allowing for more advanced and flexible contract operations. Transaction Speed and Cost Ethereum: Scalability Issues Current State: Ethereum has faced significant scalability challenges, leading to high transaction fees and slower processing times during peak usage. Impact: These issues can be prohibitive for applications requiring fast and cost-effective transactions. Soroban: Enhanced Efficiency Goals: Soroban aims to address Ethereum’s scalability and transaction cost issues. Outcomes: By leveraging Stellar’s efficient architecture, Soroban can potentially offer faster and cheaper transactions, making it more suitable for high-volume and low-cost applications. Security Ethereum: Historical Vulnerabilities Challenges: Ethereum has encountered various security challenges, most notably the DAO hack, which exposed vulnerabilities in smart contract execution. Reputation: While Ethereum has made strides in improving security, its history includes significant breaches that have impacted trust. Soroban: Proactive Security Measures Learning from History: Soroban aims to learn from Ethereum’s past incidents to enhance security. Improvements: With built-in mechanisms to prevent common security issues, Soroban is designed to offer a more secure environment for smart contract development and deployment. Developer Experience Ethereum: Established Ecosystem Community: Ethereum has a large, active community and extensive resources for developers. Complexity: Despite its maturity, developing on Ethereum can be complex and challenging due to the intricacies of Solidity and the EVM. Soroban: Developer-Friendly Design Focus: Soroban is designed to provide a more developer-friendly experience. Tools and Resources: With comprehensive tools and resources, Soroban makes it easier to build, deploy, and manage smart contracts, enhancing productivity and innovation. Native Token Handling Ethereum: Standard Token Protocols Protocols: Ethereum uses ERC standards (e.g., ERC-20, ERC-721) for token handling. Implementation: While effective, these protocols can be cumbersome to implement and manage. Soroban: Optimized Token Handling Enhancements: Soroban offers optimized native token handling, including checksum-included address encoding. Developer Experience: These features streamline the process of managing tokens within smart contracts, improving the overall developer experience. Re-entrancy Attack Prevention Ethereum: Vulnerability to Re-entrancy Issue: Re-entrancy attacks have been a common security issue in Ethereum smart contracts. Mitigation: Developers must implement complex safeguards to prevent these attacks. Soroban: Built-in Safeguards Prevention: Soroban includes built-in mechanisms to prevent re-entrancy attacks. Security: This proactive approach enhances the security of smart contracts by reducing the risk of these vulnerabilities. Network Congestion and Scalability Ethereum: Congestion Issues Scalability Problems: Ethereum has experienced significant network congestion and scalability issues, impacting transaction speeds and costs. Limitations: These challenges can hinder the deployment of scalable and efficient blockchain applications. Soroban: Scalable Architecture Design: Soroban is designed to address these scalability challenges. Performance: By leveraging Stellar’s scalable architecture, Soroban can handle higher transaction volumes more efficiently, reducing congestion and improving performance. Integration with Stellar Ethereum: Independent Network Isolation: Ethereum operates as an independent network with its own protocols and infrastructure. Interoperability: While possible, integration with other networks can be complex and limited. Soroban: Stellar Integration Integration: Soroban is built for seamless integration with the Stellar network. Financial Services: This integration provides access to Stellar’s financial rails and decentralized network, enhancing the capability to develop and deploy financial products and services. Conclusion The deployment of Soroban
XDB CHAIN Upgrades Smart Contracts on Futurenet
XDB CHAIN is on the verge of a significant technological leap as it has completed upgrade of Smart Contract platform on its Futurenet environment, which runs with XDB CHAIN Protocol V20. This upgrade heralds a new era for developers and users alike, allowing them to experiment with and test smart contracts on the network. The introduction of Soroban smart contracts on the XDB CHAIN futurenet is poised to revolutionize how decentralized applications (dApps) are developed and deployed within the ecosystem which “empowers Brands and Consumers of Tomorrow”. The Advent of Smart Contracts on XDB CHAIN The deployment of the Smart Contract platform on XDB CHAIN futurenet signals that users/developers can start building applications with a set of innovative use cases leveraged by smart contracts. They are in essence self-executing contracts with the terms of the agreement directly written into code, and have the potential to automate and streamline numerous processes across various industries. This new capability on the XDB CHAIN will allow developers to test the robustness and functionality of their dApps in a controlled environment before full deployment. Soroban, a smart contract platform initially developed by Stellar and compatible with any fork of Stellar like XDB CHAIN, provides a powerful and flexible framework for creating these contracts. By leveraging Soroban on the XDB CHAIN futurenet, developers have now the opportunity to build Real World Use Cases and to interact with with Real World Assets (RWA), driving the ecosystem forward. Documentation and Resources for Developers XDB CHAIN is committed to supporting its developer community by providing tailored examples and guides specific to its network. These resources will soon be available on the XDB CHAIN developer website at XDB CHAIN Developer Resources. These guides will offer practical examples and step-by-step instructions, making it easier for developers to start building and experimenting with smart contracts on the futurenet.For now, users and developers are encouraged to join the official XDB CHAIN Community on Discord at https://discord.gg/3pW6FAbM. Engage in discussions on the main chat with the support of community moderators and product developers. Future Prospects: Mainnet Integration The testing and performance phase on the Futurenet is crucial for identifying and resolving potential issues, ensuring the stability and security of smart contracts before their integration into the mainnet. This phase will also gauge the level of interest and engagement from the community and developers. If the experimentation proves successful and there is substantial interest, XDB CHAIN plans to extend these capabilities to the mainnet, thereby making smart contracts a permanent feature of the ecosystem. One of the initial use cases that XDB CHAIN will begin testing is staking and rewards, to be deployed by all participating BCO projects. Collaborative Efforts and Use Case Evaluation XDB CHAIN is not undertaking this journey alone. It is actively collaborating with ecosystem partners to conduct preliminary evaluations of use cases that could benefit from smart contracts. These collaborations are essential for identifying practical applications and ensuring that the integration of smart contracts meets the needs of various industries and sectors. This upgrade of XDB CHAIN v20 Protocol on Futurenet marks a pivotal moment in the network’s evolution. By enabling the testing and experimentation with Soroban smart contracts, XDB CHAIN is setting the stage for a future where decentralized applications can thrive and more branded tokens can introduce features that do not depend on the execution of a single team or function.
2nd CBPay Airdrop: How It Works
XDB CHAIN is excited to introduce the latest 200,000,000 CBPay tokens airdrop, which started on May 21, 2024, designed to reward our loyal users and community members. This event will last until May 31, 2024. Here’s a guide on how the community can join and what users need to know to make the most of this Community growth initiative. Participation Steps: 1. Join the XDB CHAIN Discord Server to obtain the “CBPayer” role. *How to obtain “CBPayer role” by using CBPayBot to Link Your XDB Chain Address Follow these steps to link your XDB wallet address and receive the CBPayer role using CBPayBot. Linking Your Wallet: A. Initiate the Linking Phase: – Type the !linkxdb command in the designated text channel, 👤│cbpayer-role. – The bot will DM you, requesting to type your XDB Wallet address. B. Provide Your XDB Wallet Address: – Ensure your address meets the minimum requirements (at least 30 XDB in your wallet). – The bot will link your XDB wallet address to your Discord nickname and assign you the CBPayer role to complete the first eligibility criteria. C. Verify Your Wallet: – Use the !verifyxdb command to check your linked XDB wallet. Minimum Requirements: – You must have an active XDB wallet with at least 30 XDB. – Direct Messages must be enabled: – Go to User Settings → Privacy & Safety. – Enable “Allow direct messages from server members” and “Enable message requests from members you may not know.” Warnings: – You can link an XDB Wallet only once. Double-check the accuracy of your wallet address before submission. – Do not withdraw your XDB during the airdrop phase, as it may make you ineligible. – To prevent botting, the same wallet cannot be linked to multiple accounts, which could cause submission errors. 2. Complete all the tasks on the official TaskOn link to obtain the “Master Quester” role to obtain additional rewards By following these steps, you can ensure your participation in the CBPay Airdrop and maximize your rewards. Join us on this exciting journey and be a part of our growing community!
Exploring Collectibees: A Comprehensive Guide
Welcome to our XDBees community blog post dedicated to exploring the fascinating world of Non-Fungible Tokens (NFTs), or as we prefer to call them, collectibles, on the XDB CHAIN blockchain. Collectibles (#Collectibees) play a pivotal role for example in enabling immersive gaming experiences, fostering on-chain transparency, and facilitating seamless interaction within digital ecosystems. In this post, we’ll delve into what collectibles are, how they work on the XDB CHAIN network, and why they’re becoming an increasingly popular choice for creators and collectors alike. What are Collectibles? Collectibles are unique digital assets that represent ownership or proof of authenticity of a specific item or piece of content, such as art, music, videos, virtual real estate, and more. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, each collectible is distinct and cannot be replicated or exchanged equivalently. How do Collectibles work on XDB CHAIN? XDB CHAIN is a decentralized blockchain platform designed to facilitate fast and low-cost transactions, making it an ideal environment for collectibles. Here’s a basic overview of how collectibles function on the XDB CHAIN network: 1. Asset Creation: Creators mint collectibles by issuing unique digital tokens on the XDB CHAIN blockchain. These tokens can represent various forms of digital or physical assets, including art, memorabilia, intellectual property, and more. 2. Smart Contracts: XDB CHAIN supports the creation of smart contracts, currently on FUTURENET, through its native programming language, allowing creators to embed specific conditions or rules into their collectibles. For example, creators can implement royalty mechanisms that automatically distribute proceeds to the original creator each time the collectible is resold. 3. Marketplace Integration: Once minted, collectibles can be bought, sold, and traded on decentralized marketplaces or platforms built on top of the XDB CHAIN network. These marketplaces provide a venue for creators to showcase their work and for collectors to discover and acquire unique digital assets. 4. Low Transaction Fees: XDB CHAIN’s consensus mechanism and fee structure ensure that transactions involving collectibles remain cost-effective, making it accessible to creators and collectors of all sizes. Why are Collectibles on the XDB CHAIN gaining popularity? 1. Sustainability: XDB CHAIN’s efficient consensus algorithm consumes significantly less energy compared to proof-of-work blockchains like Bitcoin and Ethereum, making it a more environmentally friendly option for collectible transactions. 2. Low Transaction Costs: XDB CHAIN’s low transaction fees make it practical for creators to mint, buy, and sell collectibles without worrying about prohibitive costs. 3. Fast Transactions: XDB CHAIN’s consensus mechanism enables near-instant transaction finality, ensuring that collectible transfers are settled quickly and efficiently. 4. Community Engagement: The XDBees community fosters collaboration and innovation, driving the development of new tools, marketplaces, and applications for collectibles on XDB CHAIN. Token Standards for Collectibles On XDB CHAIN, there are two main token standards used to create collectibles: #BEE721: These tokens represent unique collectibles, each with its own distinct characteristics and properties. #BEE1155: These tokens represent a series of “twin collectibles,” where each token in the series shares the very same characteristics with others in the same series, allowing for fractional ownership and interoperability within collections. Current Implementation of XDB CHAIN and Smart Contracts The current implementation of XDB CHAIN in mainnet solely relies on protocol minting with no need to deploy smart contracts. In this implementation, Smart Contracts are deployed on Futurenet environments and can be extensively tested by the XDBees community. Upcoming Launch of XDBees Game and On-Chain Collectibles This article is prepared in anticipation of the upcoming launch of XDBees Game, an immersive gaming experience that integrates on-chain collectibles fully within the gameplay. With XDBees Game, players will have the opportunity to explore a virtual world, collect unique digital assets, and participate in exciting adventures, all powered by XDB CHAIN’s robust infrastructure. Conclusion: In conclusion, collectibles on the XDB CHAIN blockchain offer creators and collectors a powerful and sustainable platform for minting, trading, and owning unique digital assets. With its low transaction costs, fast transaction speeds, and robust smart contract capabilities, XDB CHAIN is poised to play a significant role in shaping the future of the collectibles ecosystem. Join us as we continue to explore the exciting possibilities of collectibles
How to manage Custom Assets on XDB Wallet
As the world of cryptocurrency continues to evolve, the need for secure and efficient wallet solutions becomes increasingly paramount. XDB Wallet, provided by XDB CHAIN, offers users a comprehensive platform for managing their digital assets, such as XDB coins and Branded tokens (aka BCOs) minted on the XDB CHAIN. However, there are essential requirements and considerations users must understand to fully utilize the wallet’s capabilities. In this article, we’ll explore the account activation process, the addition of custom tokens, and the intricacies of making payments and transfers within the XDB Wallet ecosystem. Account Activation: Activating an account on XDB Wallet is the first step towards harnessing its features and functionalities. Unlike traditional banking systems, cryptocurrency wallets often have specific requirements for account activation on the Network. With XDB Wallet, users must store a minimum of 20 XDB in their account to have it activated. This is an anti-flooding mechanism to protect network integrity and performance Custom Asset handling: One of the standout features of XDB Wallet is its support for custom tokens, enabling users to selectively manage a diverse array of digital assets and keep full control. However, adding custom tokens requires adherence to certain guidelines. For each custom token added to XDB Wallet, users must allocate a minimum of 10 XDB tokens which will be kept locked on the account This means users need to have a balance of at least 30 XDB plus trx fee of 0.00001 XDB to hold one custom asset like CBPAY, HONEY or SBX Find here the comprehensive guide about how to add new tokens on XDB Wallet Transaction Requirements: When it comes to making payments or transfers within XDB Wallet, users must be aware of specific transaction requirements. To initiate a payment or transfer, users must ensure that their wallet balance exceeds 20XDB tokens. This ensures that users maintain a minimum balance in their account, contributing to the overall stability of the ecosystem. Additionally, users can only transfer their balance minus 20XDB tokens and a transaction fee of 0.00001 XDB.
A Comprehensive Guide to Adding New Tokens on XDB Wallet
Dear XDBees, get ready to embark on an exciting journey with new tokens on the XDB CHAIN ecosystem! In this comprehensive guide, we’ll walk you through the step-by-step process of adding Custom Asset (eg: SBX, CBPAY, HONEY) to your XDB web and mobile wallets, ensuring you’re well-equipped to receive and manage your airdropped tokens seamlessly. This guide doesn’t apply to exchanges (CEX) individual wallets. XDB Wallet (mobile): Step 1: Open Your Mobile XDB Wallet AppUnlock the potential of your mobile XDB wallet app by launching it on your device. Make sure you have the latest version installed for seamless functionality. Step 2: Navigate to Your Desired AccountSelect the account where you want to receive the Custom Asset, ensuring they’re allocated to the correct account if you manage multiple ones. Step 3: Tap on ReceiveWithin the selected account, tap on the “receive” button to prepare for the receipt of Custom Asset. Step 4: Add Custom Asset — Add Custom Asset TrustlineSince Custom Asset may not be pre-listed, manually add it by tapping on “Add Custom Asset.” Step 5: Fill the Form and Tap TrustScan the QR code containing the necessary information, such as: By following these steps, you seamlessly enable the trustline for any Custom Asset in your XDB wallet, ensuring you’re well-prepared to participate in the upcoming airdrop and contribute to the vibrancy of the XDB CHAIN ecosystem. XDB Wallet (web) Step 1: Open Your XDB WalletKickstart your XDB CHAIN Airdrop token adventure by launching your XDB web wallet on your laptop, desktop or mobile phone. This serves as your gateway to the vibrant XDB CHAIN ecosystem. Step 2: Select Your Preferred AccountNavigate to the designated account which meets eligibility criteria and where airdropped tokens will be received. Should multiple accounts be eligible to the airdrop, users are requested to repeat the operation for each designated wallet. Step 3: Add Custom AssetClick on the selected account , then click on the “+” symbol and it will open the “Add Custom Asset” page. Since Custom Asset may not be listed by default, opt for “Add Custom Asset” to manually integrate it into your wallet’s assets. Step 4: Complete the Asset Details FormUpon selecting “Add Custom Asset,” a form will prompt you to enter necessary information: By following these straightforward steps, you ensure the smooth addition of Custom Asset to your XDB web wallet, positioning yourself to seize the opportunities presented by the upcoming airdrop while contributing to the security and integrity of the XDB CHAIN ecosystem. Can I receive an airdrop if I did not add Custom Assets? Yes. The streamlined feature of InApp XDB wallet notification allows users to effortlessly manage users preferred assets, ensuring them to always be up to date regarding trusted tokens.By clicking on the notification which XDB Wallet sends once a new Custom Asset is airdropped, the trustline can be enabled in another way, through the claimable balance.CLAIMABLE BALANCE:Step 1: Open Your Mobile XDB Wallet AppUnlock the potential of your mobile XDB wallet app by launching it on your device. Make sure you have the latest version installed for seamless functionality. Step 2: Navigate to Your Desired AccountSelect the account where you want to claim the Custom Asset balance, ensuring they’re allocated to the correct account if you manage multiple ones. Step 3: Tap on the assets barThe recent transactions shows an incoming (pending) payment. Click on the XDB icon, on the left side. Step 4: Tap on “Incoming” and Add Asset To Your AccountThe Incoming tab shows the details of the incoming payment. Step 5: Tap on the Claim AssetShows the details (issuer) of the asset about to be trusted. Step 6: Tap on the ConfirmShows the details of the transaction to be submitted in order to claim the incoming payment. Once confirmed the recent transactions now shows the successful incoming payment (and the added trustline) Disclaimer: This guide is for informational purposes only and should not be considered financial advice. Users are encouraged to conduct their own research before engaging in any cryptocurrency-related activities.
Introducing CBPAY’s Referral Airdrop Bonus
In the spirit of rewarding the XDBees community it is with full excitement to announce that CBPAY airdrop introduces an exciting addition: the Referral Bonus. This is the opportunity to CBPAY Airdrop members to not only participate in this very transformative airdrop but to further amplify the reward scheme by inviting peers to join this amazing journey. Here’s everything to know to boost this opportunity. The Power of Referral Referrals are a cornerstone of building strong, interconnected communities. By referring friends to the CBPAY airdrop, members are not just expanding the XDBees community; they ensure that it grows with the right peers who are as passionate about digital payments and cryptocurrency as XDBees are. How It Works Strategy Tips The Impact of Members Participation By participating in the referral program, members are playing a pivotal role in the growth of the CBPAY community. Each referral contributes to a more robust ecosystem, poised to revolutionize digital payments. This is also to start familiarizing with the CBPAY referral mechanism that will give rewards on participation inside the CoinbarPay ecosystem. Members efforts not only earn the additional rewards but also strengthen the foundation upon which the CBPAY vision is built. Conclusion The addition of the referral bonus to the CBPAY airdrop is an exciting opportunity for the XDBees community to grow and thrive. It’s a testament to the power of collective action and the rewards that come from building together. Don’t miss your chance to be a part of this rewarding journey. Visit pay.coinbar.io/cbpay, get the referral code, and start spreading the word today! Together, let’s pave the way for the future of digital payments on XDB CHAIN.
CBPAY Airdrop Announcement
In an era where real world assets are redefining financial interactions, CBPAY stands at the forefront, pioneering an inclusive, community-driven payment ecosystem. With the eagerly anticipated CBPAY token airdrop, community members are invited to be part of this transformative journey. Here’s everything you need to know as a community member to secure a spot in this groundbreaking ecosystem. Introduction to CBPAYAt its core, CBPAY aims to bridge the gap between traditional financial systems and the burgeoning world of real world digital assets. By harnessing the power of blockchain technology, CBPAY introduces a rewarding mechanism for users and merchants alike, fostering a vibrant payment ecosystem where every transaction contributes to mutual growth. The CBPAY Airdrop: A Milestone EventThe CBPAY airdrop represents a pivotal moment, offering early adopters and community members a unique opportunity to be among the first to hold CBPAY tokens. These tokens aren’t just digital assets; they’re keys to unlocking a world of benefits within the CBPAY ecosystem. Why Participate?Participation in the CBPAY airdrop isn’t merely about distributing tokens; it’s about becoming an integral part of a growing community set to redefine the CoinbarPay ecosystem. Your involvement signals a step towards a future where transactions are seamless, secure, and, most importantly, rewarding. Flat Airdrop CriteriaTo ensure a fair and broad distribution, here there are the outlined clear eligibility criteria for the airdrop: 1. XDB Holding Requirement: Participants must hold a minimum of 150,000 XDB in an XDB CHAIN-ready non-custodial wallet, such as the mobile/web XDB Wallet, by the time of our snapshot. XDB Wallets on centralized exchanges do not qualify for this airdrop. 2. Snapshot Period: An on-chain snapshot will be taken randomly between the 6th and 15th of April 2024. This means member’s XDB holdings need to be in place at the time of the random snapshot to ensure eligibility. Addition Airdrop Bonus CriteriaIn recognition of those members who go above and beyond the eligibility criteria, the following bonus tiers are introduced: – 1,000,000+ XDB Holdings: A substantial bonus awaits users whose wallets contain more than 1,000,000 XDB, with tiers extending up to 5,000,000 XDB. Engagement with CBPAY’s and XDBCHAIN Twitter Profile: Beyond holding XDB tokens, engagement on social media amplifies member’s participation. Follow both X’s profiles and actively engage with CBPAY posts to enhance eligibility. – X Follower Bonus: Following both profiles not only keeps members informed but also entitles to an additional bonus, cementing member’s participation in our growing community. – Retweet Bonus: Amplify the community voice by retweeting the airdrop announcement on both X profiles. This act of support is rewarded with an additional bonus, enriching the airdrop receipt. – Complete the sign-up form on https://pay.coinbar.io/cbpay/ by 15 April, 2024. Form will be enabled on 8 April, 2024. Those who do not complete the sign-up page are still entitled to receive Flat Airdrop as well as additional bonus in connection with their qualifying XDB holdings How to ParticipateEngaging with the CBPAY airdrop is a straightforward process, designed to be accessible to all community members: 1. Verify Holdings: Before the snapshot period, ensure XDB tokens are securely held in a supported non-custodial wallet (https://xdbchain.com/wallet/). 2. Engage on X: Boost your participation by following @CoinbarOfficial and @xdbchain . Retweet CBPAY airdrop announcement to not only spread the word but also secure bonuses. 3. Stay Informed: After the snapshot, we’ll communicate detailed information about the airdrop distribution. Keep an eye on CoinbarOfficial and XDBCHAIN X’s feeds feed for updates, distribution details, and more. 4. Complete the sign-up form on https://pay.coinbar.io/cbpay/ by 15 April, 2024.Form will be enabled on 8 April, 2024. The Road AheadThe CBPAY airdrop is just the beginning. As participants in this initial offering, members at the heart of a movement set to transform the digital payment landscape. Your engagement today lays the groundwork for a thriving ecosystem where every stakeholder enjoys the benefits of blockchain technology. Ensuring Fairness and TransparencyWe’re committed to fairness and transparency throughout this process. The airdrop is designed to reward early adopters and active community members equitably. Rest assured, all steps, from the snapshot to the distribution of tokens, are conducted with the highest standards of integrity and openness. Join the RevolutionAs we embark
XDBees Game Intro
Introduction In the realm of browser gaming, a brand new contender is emerging, offering a unique blend of strategy, base building, and cutting-edge blockchain technology. This is the XDBees Game here after “the game” set against the backdrop of entertaining bee hive management. This is designed to cater to both casual gamers and crypto enthusiasts alike, leveraging the community of XDB CHAIN as the basis of growth and communities’ echo. Here’s an in-depth look at what makes this overall strategic vision by building a browser game which is not just ‘a game’, but an experience! The Essence of the Game At its core, the game revolves around the very complex management of a bee hive. Players are thrust into the role of a hive keeper, tasked with the growth and prosperity of their domain. The objective is multi-faceted: expand the hive with strategic structures, grow the bee population, acquire rare and epic components and units, optimize honey production, and navigate the challenges of defense, quests, and dynamic events, with a final target to earn sweet honey that is in effect the HONEY token in the blockchain. Game is designed to explore and refine the integration of blockchain technology in browser-based gaming. By weaving NFTs and cryptocurrency tokens, called HONEY, into the fabric of the game’s economy and structure, we are charting new territory in how games can operate at the intersection of entertainment and digital asset management. This prototype is an ongoing experiment, continuously evolving based on player feedback, technological advancements, and the ever-changing landscape of the blockchain world. While the current game focuses on the management of a bee hive, the underlying architecture and blockchain framework are built with scalability and adaptability at its core. This flexibility may open up a realm of possibilities for extending the game’s universe into new themes, narratives, and mechanics. This development is set to create a new vertical in the XDB CHAIN ecosystem, leveraging community interactions with the goal to gear up a further evolution of blockchain in gaming, aiming to enhance player autonomy, increase engagement, and introduce novel economic models that benefit both players, developers and more broadly all community members. A Game for Everyone The game seamlessly integrates a model where players can immerse themselves fully without any financial commitment, using common components and units that are rich in strategic possibilities. For those who choose to delve deeper, the game also offers an enriched experience through a marketplace that will boast a collection of rare and epic items. These items, while enhancing the gaming experience, are not prerequisites for enjoying the game or achieving success within its virtual world. This balanced approach ensures that every player has the chance to scale their hive, explore the game’s depths, and potentially transition into the more enhanced aspects at their own pace and discretion. It’s about creating an equitable playground where strategy, skill, and community engagement are the true keys to success. Blockchain Integration: Bridging Virtual Achievements with Real-World Assets In XDBees game, the fusion of traditional gaming with cutting-edge blockchain technology of XDB CHAIN is not just an enhancement — it’s a revolution in how players interact with and benefit from their virtual endeavors. At the forefront of this integration is the transformation of in-game assets and currencies into tangible blockchain assets, providing a seamless blend of gaming and investment. In Game Wallets To enhance the gaming experience and accommodate diverse player preferences, XDBees game offers a flexible wallet system, allowing players to choose between using their own non-custodial wallet or opting for the convenience of a custodial wallet managed by the game. · Non-Custodial Wallet Integration For players who prioritize autonomy and control over their digital assets, the game will supports integration with non-custodial wallets. This option empowers players to directly manage their transactions, NFTs, and HONEY tokens, ensuring that they have full ownership and oversight of their blockchain assets. It’s an ideal choice for those well-versed in blockchain technology and who prefer to keep their gaming assets within their personal wallet ecosystem. · Custodial Wallet Convenience Understanding that not all players may be familiar with blockchain technology or prefer not to deal with the intricacies of managing a wallet, the game also
CoinbarPay (CBPay) core token features of the BCO minted on XDB CHAIN
CoinbarPay, at the forefront of Web3 payment solutions, announced on January 17, 2024, the forthcoming introduction of an innovative ecosystem cryptoasset on the XDB CHAIN. This marks a pivotal advancement in blockchain-enabled retail and payment technologies. The newly unveiled cryptoasset, crafted as a utility token, introduces a novel onboarding and loyalty system aimed at benefiting both consumers and merchants alike. This move is set to catalyze the adoption of crypto within the CoinbarPay ecosystem, reinforcing its position as a leader in the digital crypto space. Highlighted below are the key features of the CoinbarPay token (CBPay), a significant addition to the suite of Branded Cryptocurrencies (BCO) on the XDB CHAIN, poised to strengthen and expand the capabilities of this burgeoning crypto ecosystem. CoinbarPay (CBPAY) Overview: Leveraging adoption of mainstream crypto payments Building on the success of the CoinbarPay product, which already boasts a reach of thousands of merchants, the CoinbarPay token (CBPAY) introduces an ecosystem poised to redefine engagement within the crypto space. By integrating a sophisticated utility system with the proven CoinbarPay platform, CBPAY aims to enhance the transactional experience for merchants, consumers, and promoters, fostering a community of growth and shared benefits. How Does the CBPay Reward System will work?Joining the CoinBarPay ecosystem during the early stages offers a great opportunity: receiving an airdrop of CBPay tokens that confers an early-bird status. This prestigious level rewards both merchants and consumers for each cryptocurrency payments made within the CoinBarPay network. Holding more CBPay tokens elevates stakeholders’ status and amplifies their rewards. Additional rewards will be provided in case CBPAY is used as a medium of exchange. Accumulating and staking CBPAY tokens further elevates stakeholders’ status and unlocking exclusive bonuses for introducing new paying customers or adding new merchants to the platform. Step into an engaging and rewarding economy designed to celebrate an active ecosystem of participants who leverages the adoption of cryptocurrencies and cryptoassets in general. Transparent ModelThis reward system is structured with transparency at its core. A set percentage of the total CBPay supply is dedicated to rewarding users, which means resilience and sustainability by design of the reward pool. Deflationary MechanismCBPAY employs a token burn approach to mitigate potential inflation arising from the generation of rewards. This strategy now features an enhanced mechanism for executing additional token burns, which are directly tied to the volume of transactions originating from referral activities, as well as to significant milestones related to ecosystem expansion. A designated portion of CBPay tokens will be systematically destroyed in relation to the volume of transactions, staking actions, and referral activities closely linked to the growth of the CBPay product. This ensures a balanced and sustainable economic model within the CBPAY ecosystem. Key Benefits for EveryoneFor Consumers:– Utilities on Purchases: Each CBPAY transaction grants buyers with dedicated utilities, building a network of users and adopters.– Referral Program: Consumers amplify their benefits by referring new users, promoting an active and expanding CBPAY community according to the referral program terms and conditions.– Enhanced Engagement: Increased incentives for CBPAY “ambassador”.– Privilege and access: Consumers will benefit from holding and using CBPay tokens with exclusive products and promotions with partners merchants. For Merchants:– Reduced Transaction Fees: CBPAY transactions offer significantly lower fees than traditional payment methods, enhancing merchant profitability.– Transaction Rewards: Merchants earn higher rewards in a B2B mode from accepting CBPAY, incentivizing its adoption.– Merchant Referral Program: Merchant rewards for referrals scale with CBPAY holdings and the transaction volume of referrals, fostering a network of mutual growth. For Business Promoters and developers:– Direct Incentives: Rewards tied to the success of onboarded merchants and the development of a robust referral network motivate promoters. For the Entire Ecosystem:– Stimulated Growth: A strategic reward system ensures direct incentives for contributors to CBPAY’s outreach and adoption.– Community Prosperity: The ecosystem’s design accelerates growth, stimulates usage, and enhances the prosperity of the CBPAY community.– Staking Rewards: Holding CBPAY tokens enables rewards, with additional incentives and utilities for successful referrals by any stakeholder, supporting network growth according to the referral program terms and conditions. ConclusionCBPAY transcends the conventional digital currency model by creating an ecosystem that rewards every interaction. It capitalizes on the foundation of the existing CoinbarPay
XDB CHAIN introduces its new real-time API, enabling XDBees to autonomously track the network’s growth
The XDB CHAIN ecosystem is celebrating a remarkable milestone, having surpassed 64,000 active wallets within XDB CHAIN, each holding a balance greater than 20 XDB. This achievement underscores the growing adoption and engagement within this growing ecosystem. A significant contributor to this surge in active participation has been the XDBee Game $HONEY airdrop, which alone was responsible for the creation of more than 10,000 trustlines in the network. This marks a pivotal moment for the project, especially as it gears up for the much-anticipated launch of its first branded coins. In this context, we delve into the broader significance of the API endpoint provided by the XDB CHAIN, `https://explorer-api.livenet.xdbchain.com/api/stats`, and its integral role in the network’s transparency and growth trajectory. The API serves as a critical tool for accessing real-time statistical data about the XDB CHAIN, reflecting activities such as the number of active wallets, transaction volumes, and other vital metrics that illustrate the network’s health and scalability overtime. APIs (Application Programming Interfaces) are foundational to the technological infrastructure of blockchain ecosystems, facilitating seamless data exchange and communication between disparate systems or applications. For blockchain projects like the XDB CHAIN, these API endpoints are not just technical resources; they embody the project’s commitment to transparency and openness. Providing access to real-time network statistics via an API allows users, developers, and stakeholders to independently verify the network’s activity, fostering a sense of trust and community engagement. Moreover, the XDB CHAIN is integrating this API into the new version of the XDB Explorer. This integration signifies an enhanced user experience and accessibility, making it easier for the community to access and interpret the network’s data. It highlights the project’s ongoing efforts to improve transparency and user engagement through technological advancements. The significance of such an API in the blockchain space extends beyond mere data access. It serves as a testament to the network’s transparency, enabling community trust and engagement by allowing users to witness the network’s growth and activity firsthand. For developers, it lays the groundwork for innovation, enabling the creation of applications, tools, and services that interact with the blockchain by developers. The API’s data also acts as concrete evidence of the project’s growth and scalability, essential for attracting new users, developers, and participants to the ecosystem. In summary, the milestone of over 64,000 active wallets, bolstered by the success of initiatives like the XDBee Game $HONEY airdrop, highlights the XDB CHAIN’s expanding footprint in the blockchain space. The integration of the API into the new XDB Explorer version further underscores the project’s dedication to transparency and user engagement, setting a solid foundation for the anticipated launch of branded coins and the continued growth of the XDB CHAIN ecosystem. About XDB CHAINWebsite | Twitter | Instagram | LinkedIn | Facebook | Telegram | Announcement | Discord |
How to claim the XDBee Game HONEY 2nd Airdrop: A Step-by-Step Guide to enabling Trustline
Eligibility Please note that eligibility for the XDBee Game HONEY airdrop is contingent upon having maintained a minimum balance of over 30 XDB in your XDB wallet as of 19 February 2024 5pm CEST (11am EST). This specific date and time served as the eligibility snapshot, integral to the XDBee Game ecosystem’s policies aimed at ensuring active participation and engagement within the XDBees community. Failure to meet this minimum balance at the specified cutoff could prevent participants from receiving the airdrop. XDB WEB WALLET Step 1: Open your XDB Wallet Start by opening your Web XDB wallet on your laptop. This is your gateway to engaging with the XDB CHAIN ecosystem Step 2: Select your preferred account Navigate to the account you intend to use for receiving the HONEY tokens. If you’re managing multiple accounts within your XDB wallet, it’s important to choose the specific one designated for the airdropped tokens. This step ensures that the HONEY tokens are allocated to the correct account. Step 3: Add HONEY trustline Locate and click the “Add Asset” button, typically represented by a “+” sign. Given that HONEY might not automatically appear as a listed asset within your wallet, you’ll need to proceed by selecting “Add Custom Asset.” This action paves the way for manually incorporating HONEY into your wallet’s assets. Step 4: Complete the Asset Details Form Upon selecting “Add Custom Asset,” a form will be displayed, prompting you to enter the required information for the new asset. Fill in the form with the following details to ensure accurate addition: Asset Code: HONEY Issuer Account: GAZ5BEQZI67UEJAUEFT7IQHU7A4FXWJDULHLMICLHQ5RF3KLWIRMFZQP These steps are designed with the user in mind, ensuring a straightforward process for adding HONEY to your wallet. By following this guide, you position yourself to not miss out on the exciting HONEY airdrop, all the while contributing to the security and integrity of the XDB CHAIN by enabling the trustline — a feature aimed at preventing token spamming and protecting against fraudulent or malicious attacks. MOBILE XDB WALLET Step 1: Open Your Mobile XDB Wallet App Begin by opening your mobile XDB wallet app on your device. Ensure that you have the latest version of the app installed to access all the features seamlessly (v1.3). Step 2: Go to the account you want to add the HONEY Navigate to the account you intend to use for receiving the HONEY tokens. If you’re managing multiple accounts within your XDB wallet, it’s important to choose the specific one designated for the airdropped tokens. This step ensures that the HONEY tokens are allocated to the correct account. Step 3: Tap on receive Once you’re in the selected account, tap on the receive button. Step 4: Select Add Custom Asset — Add HONEY trustline As HONEY may not be a pre-listed asset, you will need to add it manually. To do this, tap on “Add Custom Asset.” Step 5: Fill the Form and Tap Trust Tap on one of the two camera buttons, and scan this QR code It will proceed the following information: Code: HONEY Issuer Account: GAZ5BEQZI67UEJAUEFT7IQHU7A4FXWJDULHLMICLHQ5RF3KLWIRMFZQP After filling in the details accurately, tap on the “Trust” button. This action ensures that you trust the issuer of HONEY and are willing to receive and transact with these tokens. To ensure the trustline remains active on the XDB CHAIN, 10 XDB will be reserved and locked in your account. This measure is necessary for maintaining the functionality of the trustline, supporting the network’s security and efficiency. Congratulations! You’ve successfully enabled the trustline for the XDBee Game HONEY airdrop. By following these simple steps, you ensure that your XDB wallet is ready to receive the upcoming HONEY airdropped tokens. Keep an eye on your wallet for any notifications or updates related to the HONEY airdrop to stay informed about the exciting developments in the XDBee Game. About XDB CHAIN Website | Twitter | Instagram | LinkedIn | Facebook | Telegram | Announcement | Discord |
Introducing Massimo Simbula as Chief Legal Officer
XDB CHAIN is thrilled to announce the appointment of Massimo Simbula as Chief Legal Officer (CLO). Tasked with overseeing all compliance facets of the XDB CHAIN ecosystem, including branded coins (BCOs) and strategic growth partnerships, Simbula brings an unmatched depth of expertise and a distinguished 25-year track record in the legal field, specializing in new technologies, blockchain, cryptocurrencies, and FinTech. Massimo Simbula’s illustrious career is marked by his strategic legal counsel to leading global corporations and international organizations, including prestigious names such as Fendi, United Ventures, The Net Value, Chainalysis, Universal Music and mind-blowing gaming companies like EON Rift. His proven international track record and established network with top-tier law firms worldwide are aimed at bolstering the resilience of the XDB CHAIN ecosystem. This strategic setup is set to empower major brands and corporations to confidently embark on their Web3 journey, positioning XDB CHAIN as their preferred layer-1 platform. Simbula’s journey in the legal domain is nothing less than extraordinary. His advisory roles have been instrumental in navigating big corporations through complex legal matters, with a particular emphasis on blockchain and cryptocurrencies. Since 2012, his contributions as an external lawyer for major blockchain initiatives and his leadership in various international projects have solidified his status as a pivotal figure in the crypto legal arena. His expertise is crucial in navigating the intricacies of blockchain projects, ensuring their success and compliance. In the dynamic world of FinTech regulations, Simbula stands as a beacon of guidance. His specialization in assisting companies through regulatory processes under financial authorities, the new EU Market in Crypto Asset Regulation (MICAr), and the EU Payment Service Directive (PSD) is invaluable. Simbula’s acumen ensures that businesses remain in compliance with evolving regulations, promoting a secure and regulated innovation landscape. Beyond his blockchain and FinTech prowess, Simbula’s legal expertise extends to mergers & acquisitions, corporate, commercial, intellectual property (IP), and privacy law. His comprehensive support enables companies to overcome legal hurdles across various sectors, encouraging growth and long-term viability. Massimo Simbula’s impact transcends legal advice; as a prolific author and thought leader, his insights on blockchain and cryptocurrency have enriched the industry. His expertise is regularly sought after in major panels and television shows, where he voices his authoritative perspective on specific industry’s issues. The induction of Massimo Simbula as CLO is a landmark moment for the development of the XDB CHAIN ecosystem. His unparalleled legal expertise, combined with a profound understanding of blockchain and cryptocurrencies, positions him to significantly influence the platform’s trajectory. As XDB CHAIN continues to pioneer innovation in the blockchain space, Simbula’s addition underscores our unwavering commitment to legal integrity, regulatory adherence, and the advancement of the industry at large. About XDB CHAINWebsite | Twitter | Instagram | LinkedIn | Facebook | Telegram | Announcement | Discord |
How to claim the XDBee Game HONEY Airdrop: A Step-by-Step Guide to enabling Trustline
In the ever-evolving landscape of blockchain and cryptocurrencies, unique opportunities frequently emerge, captivating the community. One such opportunity is the inaugural airdrop of the XDBee Game HONEY on the XDB CHAIN. This pioneering initiative stands as the first of its kind, designed specifically to reward the XDBees community for their dedication and effort in updating their XDB wallets and activating the latest features. By participating in this airdrop, users have the unique advantage of receiving HONEY tokens directly into their XDB wallets, seamlessly integrating with the innovative strides the community has made towards enhancing user experience and functionality. This gesture is not only a testament to the value placed on community engagement and technological advancement but also a direct contribution to the vibrant ecosystem cultivated by the XDBees community. To fully capitalize on the unique opportunity presented by the XDBee Game HONEY airdrop on the XDB CHAIN, it is essential to activate the trustline for HONEY. This requirement is a tailored feature of the XDB CHAIN and on XDB Wallet, designed specifically to prevent token spamming and shield users from fraudulent activities and malicious attacks orchestrated by bad actors. Through this guide, we will provide a detailed, step-by-step walkthrough to ensure you are well-equipped to engage with this exciting opportunity without any hurdles. Establishing the trustline is a straightforward process, but a crucial step to ensure your participation in the airdrop is secure and successful, reflecting our commitment to fostering a safe and thriving ecosystem for XDBees community members. Here’s a user-friendly guide to help you seamlessly add HONEY to your XDB Wallet: Eligibility Please note that eligibility for the XDBee Game HONEY airdrop is contingent upon having maintained a minimum balance of over 30 XDB in your XDB wallet as of February 5, 2024, at 5 PM CET. This specific date and time served as the eligibility snapshot, integral to the XDBee Game ecosystem’s policies aimed at ensuring active participation and engagement within the XDBees community. Failure to meet this minimum balance at the specified cutoff could prevent participants from receiving the airdrop. XDB WEB WALLET Step 1: Open your XDB Wallet Start by opening your Web XDB wallet on your laptop. This is your gateway to engaging with the XDB CHAIN ecosystem Step 2: Select your preferred account Navigate to the account you intend to use for receiving the HONEY tokens. If you’re managing multiple accounts within your XDB wallet, it’s important to choose the specific one designated for the airdropped tokens. This step ensures that the HONEY tokens are allocated to the correct account. Step 3: Add HONEY trustline Locate and click the “Add Asset” button, typically represented by a “+” sign. Given that HONEY might not automatically appear as a listed asset within your wallet, you’ll need to proceed by selecting “Add Custom Asset.” This action paves the way for manually incorporating HONEY into your wallet’s assets. Step 4: Complete the Asset Details Form Upon selecting “Add Custom Asset,” a form will be displayed, prompting you to enter the required information for the new asset. Fill in the form with the following details to ensure accurate addition: Asset Code: HONEYIssuer Account: GAZ5BEQZI67UEJAUEFT7IQHU7A4FXWJDULHLMICLHQ5RF3KLWIRMFZQP These steps are designed with the user in mind, ensuring a straightforward process for adding HONEY to your wallet. By following this guide, you position yourself to not miss out on the exciting HONEY airdrop, all the while contributing to the security and integrity of the XDB CHAIN by enabling the trustline — a feature aimed at preventing token spamming and protecting against fraudulent or malicious attacks. MOBILE XDB WALLET Step 1: Open Your Mobile XDB Wallet App Begin by opening your mobile XDB wallet app on your device. Ensure that you have the latest version of the app installed to access all the features seamlessly (v1.3). Step 2: Go to the account you want to add the HONEY Navigate to the account you intend to use for receiving the HONEY tokens. If you’re managing multiple accounts within your XDB wallet, it’s important to choose the specific one designated for the airdropped tokens. This step ensures that the HONEY tokens are allocated to the correct account. Step 3: Tap on receive
The XDBee Game
Dear XDBee community, We’re thrilled to share an exciting sneak peek of ‘The XDBee Game,’ a groundbreaking on-chain adventure that seamlessly blends strategic hive management with the power of XDB CHAIN technology. Here’s a glimpse of what awaits you: Unique Gameplay: Step into a creatively styled world where your strategic hive management skills are just the beginning. Embrace yourself in an immersive gaming experience, as distinct as each bee in your hive. Full Blockchain Integration: Embrace the future of gaming with seamless integration into the XDB CHAIN ecosystem. Game Coins are more than just in-game currency; they are a genuine cryptocurrency, exchangeable for XDB tokens! Furthermore, delve into a distinctive NFT upgrade feature where your decisions directly affect the value of your hive economy Community Building: Join a vibrant community of fellow beekeepers, engage in real-time chats, and stay connected through social media. In ‘The XDBee Game,’ every player is an integral part of the XDBees buzzing community. Sustainability Initiatives: Embrace a game that gives back! We are introducing the ‘Hex Project,’ allowing you to convert Game Coins into contributions for real-world hive conservation. With ‘The XDBee Game,’ gaming is synonymous with making a positive impact, a feature proudly embedded within the game itself. Future Development Plans: ‘The XDBee Game’ is not just a game; it’s a growing ecosystem. With regular updates, the introduction of new features, and expansions driven by your invaluable feedback, the possibilities are limitless. Your voice shapes the future of our hive world. Moreover, ‘The XDBee Game’ represents a significant stride toward realizing our vision of expanding XDB CHAIN to empower the brands and consumers of tomorrow. We have heard the requests from prospective brands for gaming compatibility within our ecosystem. We’re excited to announce that we will be launching an ‘XDBee Game’ community-driven related initiative next week. This will further strengthen our bond with XDBees community members. Stay tuned for more details as we prepare to unveil this exciting addition to our hive! Prepare for an exhilarating gaming adventure that not only entertains but also contributes to the growth of our ecosystem. The future is bright, and together, we’ll create a hive teeming with boundless opportunities! About XDB CHAIN Website | Twitter | Instagram | LinkedIn | Facebook | Telegram | Announcement | Discord |
CoinbarPay introduces a brand new ecosystem cryptocurrency on XDB CHAIN to expand the adoption of crypto payments globally
CoinbarPay unveils revolutionary ecosystem cryptocurrency on XDB CHAIN with Exclusive Community Airdrop — Pioneering Web3 Retail Adoption CoinbarPay, a leader in the web3 payments, is set to announce the upcoming launch of a brand-new ecosystem cryptocurrency on XDB CHAIN, marking a significant leap in blockchain-based retail technologies. The newly launched cryptocurrency, designed as a utility token, with a new rewarding system for both users and merchants, will boost crypto payment adoption across the CoinbarPay ecosystem. Celebrating this milestone, CoinbarPay is conducting an exclusive airdrop to XDB CHAIN and CoinbarPay community members. This airdrop, featuring the new cryptocurrency, will be directly credited to XDB Wallets — the first non-custodial wallet built on XDB CHAIN. This inaugural airdrop signals both a thank you to the community for their steadfast support and a commitment to nurturing the ecosystem’s growth. CoinbarPay’s recent collaboration with Binance, integrating BinancePay into its platform, represents a critical advancement in the crypto payments domain. This strategic partnership propels CoinbarPay’s merchants to an extensive user base of over 168 million Binance Exchange users, greatly enhancing the accessibility and utility of digital transactions. As part of this initiative, CoinbarPay will introduce the first Anchor gateway on XDB CHAIN with the goal to enhance multi-chain liquidity on the platform. This pivotal development will facilitate seamless on-off ramp capabilities for a diverse range of assets, both crypto and fiat. Central to this advancement is the integration of Binance Coin (BNB) into CoinbarPay’s already extensive portfolio of multiple major cryptocurrencies and blockchains, which includes BTC, ETH, USDT, XRP, and XDB. This strategic move significantly boosts the platform’s utility and reach, underpinning CoinbarPay’s commitment to adding multichain utility to its payment ecosystem. Anticipating the launch in Spring 2024, in the build-up to this event, a series of joint sessions with the XDB CHAIN team are scheduled. These sessions are designed to offer the community a comprehensive insight into this pioneering initiative, marking a pivotal milestone in the concurrent growth of both the XDB CHAIN and CoinbarPay ecosystems. About XDB CHAIN Website | Twitter | Instagram | LinkedIn | Facebook | Telegram | Announcement | Discord |
XDBStake program
Dear XDB Wallet Users,we are excited to announce the launch of the “XDBStake” program to celebrate the launch of XDB CHAIN, XDB Wallet and XDBees members! “XDBStake” is set to commence on January 1st, 2024, and will continue for a period of 60 days.“XDBStake” is designed to drive the adoption and usage of XDB CHAIN technology, offering incentives to users to join the network (on-chain and to join the innovative non-custodial mobile XDB Wallet. This opportunity is open to all existing and new users of the XDB Wallet. Participants in “XDBStake” will need to keep their XDB coins in the XDB Wallet starting from January 1st, 2024. They will be rewarded with an annual percentage yield (APY) of 30%, which equates to a 5% reward over the two-month duration of the program. Eligible users will receive their rewards in XDB coins for each participating XDB Wallet account within 30 days of the program’s conclusion. The reward will be calculated based on the duration of funds held in the XDB Wallet. To earn the full 30% APY (5% net reward), users must keep their funds in the XDB Wallet for the full 60 days. For those who hold their funds for a shorter period, between January 1st and March 1st, 2024, a prorated reward will be given, corresponding to their custody period. The “XDBStake” program is designed for XDB Wallet mobile users storing a maximum of 5,000,000 XDB coins per account.For users with holdings exceeding this limit, rewards will be calculated based on this cap. *Exchange wallets are not eligible for this program. By the program’s cutoff date, March 1st, 2024, participants must update their XDB Wallet app to the latest version and enable push notifications to qualify for the rewards.Excitingly, we are also in the process of introducing new features that will allow users to self-check the amount they have staked. This enhancement will provide greater transparency and control for our users, ensuring a more user-friendly and efficient staking experience. The XDB Wallet is a non-custodial solution, fully integrated with XDB CHAIN. This allows for the secure custody of XDB coins and other digital assets, including NFTs minted on XDB CHAIN.As a non-custodial wallet, users are solely responsible for the safekeeping of their funds and private keys. The 30% APY is calculated based on the actual time and amount of XDB coins held in each XDB Wallet account, up to a maximum limit of 5,000,000 XDB. DISCLAIMER The XDB Wallet is a non-custodial platform that prioritizes user privacy and does not process any personal data. Users are the sole guardians of their sensitive information like passwords and private keys. Users are advised to manage their security details diligently, as there is no way to recover lost credentials. Users bear full responsibility for their fund’s custody and should be well-informed about digital asset storage and security protocols. This approach aligns with our commitment to advancing privacy and security in the decentralized web or “web3”. To participate in “XDBStake”, download the latest version of the XDB Wallet from the Apple Store or Google Play, and store your XDB coins in it throughout the program’s duration. About XDB CHAINWebsite | Twitter | Instagram | LinkedIn | Facebook | Telegram | Announcement | Discord |
XDB CHAIN Mainnet is Live: A New Era in Blockchain
Technology Introduction XDB CHAIN, our revolutionary blockchain, is now fully operational on its mainnet. This launch marks a pivotal evolution from its origins. While it began as a direct fork of the Stellar Blockchain, XDB CHAIN has undergone a transformative journey. It has evolved into a completely independent and new blockchain, distinguished by a significant advancement: it now enables seamless support for all Stellar-based blockchains. This groundbreaking feature allows users of any Stellar-based blockchain to effortlessly import their accounts into XDB CHAIN, thereby uniting diverse blockchain communities under a single, robust, and versatile network Significant Developments XDB FOUNDATION Fully Committed to Developing and Enhancing XDB CHAIN: Complete Overhaul: XDB CHAIN is no longer just an offshoot of Stellar but a wholly independent blockchain with its independent native coin, custom assets and dedicated infrastructure End of an Era: The Digitalbits Network, including its version 18, will ceased to be supported by XDB Foundation by End of February 2024 , marking the beginning of a new chapter only with XDB CHAIN. Adoption of XDB CHAIN by Exchanges Seamless Integration: Participating exchanges have fully embraced XDB CHAIN, supporting the native XDB coin. This transition includes the completion of the airdrop process and the termination of support for the old Digitalbits XDB token and network. Key Announcements XDB Wallet: The Exclusive Non-Custodial Wallet of XDB CHAIN – Sole Wallet Support: XDB Wallet is now the only non-custodial wallet designed specifically for the XDB CHAIN. Discontinuation of AstraX: AstraX is NOT compatible with the XDB CHAIN and will be removed from stores within the next 90 days.2. Ongoing Support for AstraX Limited Operation: AstraX will continue to operate with minimal updates, focusing solely on essential transition support, until its eventual removal. Essential Actions for Token Holders Checking XDB CHAIN Network Balance Accessing Public Keys: Retrieve your public key from AstraX for each account. Balance Verification: Go to explorer.xdbchain.com, enter your public key, and confirm that your XDB balances are consistent. Repeat for each AstraX account. Accessing Your XDB CHAIN Accounts XDB Wallet Installation: Download the XDB Wallet from the App Store or Google Play. Key Import Process: Guidelines for Exchange Users No Immediate Action Required: If your XDB Digitalbits tokens are held on exchanges, you do not need to take any specific action, subject to the airdrop terms and conditions. Completing the Transition: Completing these steps will ensure access to your accounts on the newly established XDB CHAIN. It is crucial to shift away from the old AstraX and Digitalbits XDB tokens. A 90-day grace period is provided to facilitate a smooth transition to the exclusive, non-custodial XDB Wallet. Disclaimer: This announcement is intended solely for informational purposes and should not be construed as legal or financial advice. Please seek professional guidance for specific concerns. For detailed XDB CHAIN Airdrop’s terms and additional information, visit: XDB CHAIN Terms of Use About XDB CHAINWebsite | Twitter | Instagram | LinkedIn | Facebook | Telegram | Announcement | Discord |
Official Whitepaper
The information contained in this Document is confidential, privileged and cannot be shared. It must not be used, published or distributed without the prior written consent by XDB Foundation.This document constitutes property of XDB Foundation “Empowering brands and the consumers of tomorrow” This is the official document summarizing the key terms of the creation of XDB CHAIN. XDB CHAIN stands for the technology “empowering brands and the consumers of tomorrow”.This document constitutes intellectual property of XDB Foundation and it isintended to be distributed as an official document referenced by XDB CHAIN official social media channels. This document has been written and produced in its original version. Legal Disclaimer Introduction This legal disclaimer is integral to the XDB CHAIN Whitepaper (“Whitepaper”). It outlines the terms governing the relationship between users (“Users”), including potential investors or participants, and the XDB Foundation, its affiliates, team members, and associated entities (“Foundation” or “Company”). Accessing, reading, or using the Whitepaper implies acceptance of these terms. If not in agreement, Users should refrain from further engagement with the Whitepaper. No Offer or Solicitation The Whitepaper serves solely for information and is not an offer or solicitation to sell, buy, or invest in tokens, securities, or financial instruments. It is not a prospectus or financial service document and should not be the basis for any contractual or investment decisions. XDB tokens are utility tokens for accessing XDB CHAIN-based products and are neither securities nor financial instruments as defined in the US Securities Act (1933) or EU Directive 2014/65. They do not confer rights typically associated with securities, such as profit distribution or voting rights. While tradable, they are not designed for speculative profit-making.This Whitepaper is not a comprehensive guide to XDB tokens and should not be the sole source for investment decisions. No Investment Advice The Whitepaper does not offer investment advice. Users should independently research, consult professionals, and make informed decisions regarding any investment or participation in the XDB CHAIN project. Risks and Uncertainties Participation in XDB CHAIN is subject to risks, including but not limited to:– Regulatory Risks: Legal changes impacting cryptocurrencies could adversely affect the project and its users.– Market Risks: Token and cryptocurrency values are volatile and subject tomarket dynamics.– Technology Risks: The reliance on blockchain and emerging technologies could pose risks of technical failures.– Project Development Risks: Unforeseen circumstances could hinder theproject’s progression.– Liquidity Risks: Limited liquidity could affect the trading of XDB Tokens.– Third-Party Risks: Dependence on external platforms or technologies might lead to operational disruptions. No Liability The Foundation disclaims liability for any direct or indirect losses incurred in connection with the Whitepaper or related investment decisions. It makes no guarantees regarding the outcomes of actions based on the Whitepaper. No Warranties The Whitepaper and XDB CHAIN are provided “as is” without any warranties, including merchantability or fitness for a particular purpose. Severability Should any disclaimer provision be deemed invalid or unenforceable, it will be modified to retain validity, without affecting the remainder of the disclaimer. No Waiver The Foundation’s failure to enforce any rights or provisions here does notconstitute a waiver of such rights or provisions. Amendments The Foundation may amend this disclaimer without notice. Users are responsible for staying informed of changes, with continued use of the Whitepaper implying acceptance of these amendments. Users bear sole responsibility for understanding and assuming the risksassociated with their involvement in the XDB CHAIN Project. 1. Introduction The XDB CHAIN project embarks on its journey with a robust foundation, characterized by a dynamic established ecosystem and an engaged community, demonstrating proven utility and potential for expansive growth. This is driven by the core principle “Execute First, Announce Next: Our Commitment to Integrity”.This whitepaper outlines the key performance indicators (KPIs) that serve as a testament to the project’s initial success and its promising future. Here’s a breakdown of the most relevant jump-start achieved KPIs: Reversed Tokenomics Burned 1+ Billion XDB Here’s a comprehensive explanation:1. Active Wallet Addresses: The XDB Chain has successfully garnered over 50,000 active wallet addresses. This milestone reflects not only the growing interest in the project but also the active participation of users within the ecosystem. The number of wallet addresses is a
XDB Wallet is now live!
We are thrilled to announce the launch of the first official non-custodial XDB Wallet, now available on the Apple App Store! Android users, stay tuned! — the Google Android version will be released in the coming days. Download XDB Wallet on Apple App StoreThe XDB Wallet has been engineered specifically for the needs of XDB CHAIN and it contains specific features to maximize its full potential in terms of speed, efficiency and transparency in an elegant and fresh XDB CHAIN style. Legal Disclosure and Technology Statement: Launch of XDB WalletThe introduction of the XDB Wallet marks a significant milestone in blockchain technology, born out of an extensive technological endeavor. This initiative has led to the creation of a brand new blockchain, designed with advanced scalability and efficiency, particularly in its Layer 2 architecture. Key Technological Features:Efficient Scalability: The new XDB CHAIN is engineered to scale effectively, addressing common challenges associated with blockchain scalability and consumer adoption. Layer 2 Architecture: Leveraging Layer 2 solutions, the XDB CHAIN enhances transaction speeds and reduces costs, while maintaining robust security. Support for Smart Contracts: XDB CHAIN is equipped to support complex smart contracts, now on FUTURENET, expanding its utility and potential applications across various industries. Purpose of the XDB Wallet:Facilitating Access: The XDB Wallet serves as a gateway for users to interact seamlessly with the advanced features of XDB CHAIN. Enhancing User Experience: By focusing on user-friendliness and security, the XDB Wallet aims to make the benefits of blockchain technology more accessible to a broader audience. The launch of the XDB Wallet, coupled with the rollout of XDB CHAIN v19, signifies our commitment to pushing the boundaries of what is possible in the blockchain space, ensuring scalability, efficiency, and enhanced functionality for our users. Seamless Account Import on XDB CHAIN:XDB CHAIN, a fork of the Stellar blockchain, introduces a unique feature that greatly simplifies the transition for users from other Stellar-like networks, like Digitalbits. This feature revolves around the ease of importing accounts using private keys (aka secret keys on AstraX). How It Works:1. Universal Account Import: If you have an account (let’s call it Account X) on any Stellar-like network like Digitalbits, you can import this account into XDB CHAIN. This is done simply by using your existing private keys. 2. Cross-Network Accessibility: Once imported, you can access your account from XDB CHAIN. This feature ensures that users who are part of different networks within the Stellar ecosystem can easily transition to XDB CHAIN without the need for complex procedures. Specific Case: Transition from Digitalbits Network to XDB CHAINFor Old Digitalbits Network Users If you previously held an account on the Digitalbits Network, you can import your account on XDB Wallet using your private keys. Accessing Your AstraX account:Post-import, you can access your old accounts on XDB Wallet, using XDB Wallet. This means that if you had an old Digitalbits account, you will be able to access it on XDB Wallet. The Process:1. Secure Your Private Keys — Ensure you have your private keys from your previous account on the Digitalbits Network by accessing AstraX. 2. Import into XDB Wallet— Use these private keys to import your account into XDB CHAIN. 3. Verify Your Balance — Once imported, check your balance to confirm that your assets, are reflected correctly in your new XDB Wallet account. Important Note:Security Reminder: Always ensure the security of your private keys during this process. Never share your private keys with anyone. Continuity of Access: This feature of XDB CHAIN is designed to ensure that users from various networks within the Stellar ecosystem can seamlessly transition and continue accessing their assets with ease. Ownership and Control in Blockchain: The Importance of Private KeysIn the world of blockchain and cryptocurrencies, a fundamental principle holds true: *Not your keys, not your coins*. Ownership and control over digital assets are intrinsically tied to the access and possession of private keys. Private Keys Equal Ownership: If you do not have access to the private keys of a wallet, you are not the true owner of the assets within that wallet. Exclusive Control: The private key is what enables individuals to execute transactions and exert control over
XDB CHAIN Mainnet Launch Guidelines
Dear XDB CHAIN Community Members, We are excited to announce the commencement of the launch of XDB CHAIN V19 Mainnet set to begin today. This launch represents a pivotal moment in XDB CHAIN blockchain’s development, bringing enhanced features and benefits to our valued community. 1. Network Upgrade ScheduleThe upgrade process on XDB CHAIN begins shortly today and will extend to participating exchanges starting tomorrow. We anticipate the completion of this activity within 48–72 hours. Our team has worked diligently to ensure a smooth and efficient upgrade process. 2. Hassle-Free for XDB Token HoldersWe have designed this upgrade to be seamless for XDB token holders. There is no requirement for any action on the holder’s part during the maintenance window, whether you hold your tokens on AstraX or any of the participating exchanges. Holder’s balances will remain intact and secure throughout this process. 3. Airdrop of XDB CHAIN Native CoinsXDB token holders will receive XDB CHAIN native coins airdrop on a 1:1 basis for the tokens they currently hold on the Digitalbits network. Following the completion of this activity, a burn of 1,000,000,000 XDB CHAIN native coins (XDB) will be performed and shared with XDB CHAIN Community, reducing XDB token supply accordingly 4. Easy Balance Check on New XDB CHAIN ExplorerUpon completion of the launch of XDB CHAIN, XDB holders will be able to immediately verify their balances on the XDB CHAIN network through the new explorer. Rest assured, both public and private keys will remain unchanged, ensuring a seamless transition to the new network. 5. Focused Support for XDB CHAIN NetworkMoving forward, the XDB Foundation’s support will be exclusively for the XDB CHAIN Network, token holders on this network, and the stakeholders actively participating in the XDB CHAIN Governance. This focused approach will enable this project to deliver more targeted and effective support, furthering the growth and success of the XDB CHAIN. 6. Transitioning from Digitalbits NetworkAs this project and its community advance with the XDB CHAIN, the XDB Foundation will gradually phase out support for the Digitalbits network and its infrastructure over the next 90 days. 7. AstraX Users: Action Required Post-UpgradeOnce the maintenance is completed and following the release of the new XDB CHAIN non-custodial XDB Wallet, all non-custodial holders (such as AstraX users) will need to export their private keys and re-import them into the new XDB Wallet. This export must be completed within 90 days as per above, it is not required for those who have already exported their private keys. This step is crucial for managing holder’s XDB CHAIN coins on the new non-custodial wallet. Please note, AstraX is not compatible with the XDB CHAIN Network and cannot be used for this purpose. Your old XDB Digitalbits coins will remain on Digitalbits holder’s wallet, under holder’s custody, until the network ceases to function. 8. Participating exchanges and XDB token metric’s trackingUpon the successful completion of the maintenance activities, participating exchanges will exclusively handle the deposits and withdrawals of the new XDB CHAIN native coins on the XDB CHAIN Network. They will cease support for the old XDB coins on the Digitalbits network, and they will no longer monitor or manage any activities related to them. Similarly, token tracking websites (CoinMarketCap, Coingecko) will now exclusively reference the XDB CHAIN native coin, XDB, along with its updated supply details and tokenomics from now onwards. Stay ConnectedWe encourage you to stay tuned to our official channels for continuous updates throughout the upgrade process. We are here to support and guide you through this exciting transition. Thank You for Your Continued SupportYour trust and commitment to the XDB CHAIN project are invaluable. We look forward to embarking on this new chapter together, further enhancing the XDB CHAIN and its community. About XDB CHAINWebsite | Twitter | Instagram | LinkedIn | Facebook | Telegram | Announcement | Discord |
Harnessing Digital Scarcity: The Benefits of Burning Tokens in Cryptocurrency Projects
Article is updated upon the release of XDB CHAIN v19 BURN of 1,000,000,000 XDB CHAIN native coins IntroductionIn the ever-evolving world of cryptocurrencies, innovation is the key to success. One such innovation that has been gaining traction in recent times is the concept of burning tokens to introduce digital scarcity. Following the introduction of the unique value proposition of Branded Coins (BCO) which brings its unique buyback and burn mechanism (BBB), XDB Chain aims to improve the real-world utility and the supply-demand value proposition of the XDB coin by leveraging its powerful blockchain platform. This will be progressive rolled out as of the upcoming launch of the XDB Chain Mainnet (v19). The introduction of Branded Coins Offering (BCO) will enable businesses and entities to create their own branded cryptocurrencies on the XDB Chain while supporting the overall ecosystem through an allocation of each new Branded Cryptocurrency supply for regular buyback and burning of XDB coins of up to 2,5% of the entire BCO supply. This mechanism will foster scarcity and provide incentives for all stakeholders such as market participants and token community by strengthening the economic viability and attractiveness of the XDB Chain network as the layer-of-choice. This strategic approach can have profound implications for the supply dynamics and overall value proposition of a cryptocurrency project. In this article, we will explore the benefits of burning tokens in a cryptocurrency supply and how it can be a game-changer in creating digital scarcity. Enhanced Digital ScarcityAt the heart of token burning lies the idea of enhancing digital scarcity. Cryptocurrencies that implement this practice create a sense of rarity and exclusivity around their tokens. Submitting a transaction with zero weights and thresholds invalidates keys, including the master key, thereby preventing any further transactions and token creation. This feature is primarily geared towards developers and can significantly impact the overall supply of the cryptocurrency.Developers can find detailed information on how to utilize this feature in the official XDB Chain documentation, available as of the launch of XDB Chain v19. Reducing Supply and Increasing ValueBurn addresses play a pivotal role in reducing the supply of a cryptocurrency. These addresses can be verified by API users, ensuring transparency in the burning process. Every unit of the cryptocurrency sent to these burn addresses is permanently removed from circulation. This deliberate reduction in supply can have a profound effect on the token’s value. With fewer tokens available, the ones in circulation become more valuable, potentially leading to an increase in price. How Assets are being created on NetworkIn order to distribute a custom asset or token on the XDB Chain network, three unique accounts will be used. First, is the source account. The source account is the account of the entity looking to create a new token. Second is the issuing account. The issuing account is created by the source account as a mechanism to create new tokens. The third account is the distribution account. The goal of a distribution account is to act as the mechanism for distributing tokens to the public. Most of the XDB Chain documentation is centered on financial institutions as anchors. An anchor is an entity that acts as a bridge between existing currencies and the XDB Chain Network, and involves setting up systems like a compliance server and a bridge server. It is not necessary to become an anchor in order to create custom assets and tokens on the XDB Chain Network. The following presents a breakdown of the transactions required to create a custom token. The transactions can be translated to API requests or can be executed using XDB Developer Portal. How the “BURN” address is created (Technical Instructions):Here below, Developers can find the Technical instruction to create a “locked address” which can be used to “burn” tokens, meaning that once transferred will no longer be usable into any future transaction and will be locked forever. Account:Issuing account Operations:Set Option — Thresholds & Weights: remove all weights and thresholds master weight: 0 low threshold: 0 medium threshold: 0 high threshold: 0 Signers: issuing account Transaction A is created and submitted to the network by the issuing account. By setting the weights and thresholds all
XDB Chain protocol (v19) Key Highlights
“Empowering faster payments with the potential for 1.19 millions transactions per second” Amid the hyper-growth world of blockchain technology, the launch of XDB Chain protocol (v19) marks a key milestone toward bringing the power of web3 to brands and consumers. This release embodies a purpose-driven approach by introducing substantial improvements to the XDB Chain Core, laying the groundwork for the development of Layer 2 solutions that enhance user experience (UX) and enable the tech framework for the mind-blowing payment processing speed of up 1.19 million per second. XDB Chain protocol (v19) is all about enhancing your experience by making payment channels accessible to any use case. These channels are like a high-speed express lane for Brands and Consumers frequent transactions, allowing users to carry out most of the activities away from the blockchain, while keeping track of users’ starting balances and ultimate settlements securely recorded on the blockchain. In the world of payment channels, things work a bit like a well-orchestrated dance. When users and another party kick off a channel, it all begins with an on-chain transaction that gives both control over the accounts. After that, transactions flow between parties, like passing notes in class, and they get checked and approved off-chain to ensure the highest throughput. When one of the parties decides it’s time to wrap things up and settle, it simply announces its intent to close the channel. This action opens a brief window for the other party to voice any concerns. Think of it as having an opportunity to discuss things if there’s a disagreement or if someone’s acting in haste or unfairly. If everything’s smooth sailing, the settlement transaction is sent to the network, marking the final movement of funds on the blockchain. This Layer-2 approach theoretically opens the door to achieving up to 1.19 payments per second with buffering. However, we emphasize the importance of caution in guaranteeing this level of processing in every transaction, and we maintain a conservative stance in this regard by not enabling it yet in the first stage of protocol v19 launch. To this end, we’ve initiated preliminary collaborations with potential enterprise partners to unlock the full potential of processing 1.19 million payments per second. We are currently engaged in rigorous testing of this technology stack and are delving into real-world use cases that extend beyond traditional legacy technologies. While XDB Chain’s easy-to-use multi-signature features have made it simple for people to manage shared accounts, v19 steps in to simplify the complexities involved in the rest of this process. Before this protocol, a transaction would only be considered valid if the source account’s sequence number was precisely one more than the sequence number used in the previous transaction. This constraint prevented the seamless progression of sequence numbers in off-chain channels. What’s more, introducing time delays into transactions was simply not possible, leaving no room for addressing objections or voiding a settlement transaction. Additionally, authorizing transactions by combining signatures required a cumbersome multi-step process, causing delays and operational friction. XDB Chain protocol (v19) resolves these challenges by introducing new preconditions and an innovative type of signer. One of the two first additional improvements introduces a user-friendly set of transaction conditions, allowing you to add special requirements to ensure the safety of your transactions. Imagine these conditions as time limits, ensuring that your transactions are only valid within specific timeframes. With XDB Chain protocol (v19), you can craft transactions that don’t follow a strict sequence, set boundaries for your ledger, introduce delays for added security (we call them “relative timelocks”), and require additional signers, such as hash locks. The real-world value of these conditions shines through in cases like Kaladin, a project making blockchain connections as easy as swapping assets without relying on middlemen. These functionalities will be fully leveraged at a later stage and will be introduced in more details in the coming days. Their innovative solution, built on state channels, an advanced version of payment channels, makes the most of XDB Chain protocol v19’s conditions to add a delay between starting and completing channel closures and to create secure hash time lock agreements that keep asset swaps in perfect sync. The second
PROJECT DISCLOSURE
With today’s announcement of XDB CHAIN v20 Futurenet and the upcoming XDB CHAIN v19 Mainnet deployment, the XDB Foundation is providing comprehensive community disclosure regarding the transition that has led to the enhancement of the former Digitalbits blockchain vision and the previous governance structure. This transition aims to facilitate the continued growth of the project within the XDB CHAIN ecosystem under renewed governance. As XDB CHAIN embarks on a new trajectory of growth, in collaboration with announced partners who will develop products and applications on it and bring their multi-million user communities, all ecosystem members should expect the highest level of openness, disclosure, and transparency. This document marks the initial step of a new journey, as part of our broader commitment. The primary objective of this disclosure is to address all relevant aspects concerning the tokenomics of the former Digitalbits Blockchain project, which has required some fundamental changes now integrated and openly shared with the XDB CHAIN community. It is vital to acknowledge that this project, in its former vision, encountered various execution challenges. However, the current primary goal is to advance it and continue growing by enabling Technology mass adoption and instilling confidence in partners building on this ecosystem and trusting its remarkable community. Together, we aspire to create a more vibrant and prosperous future with no excuses whatsoever. Over the past few months, the former organizations Fusechain I XDB and Zytara, along with their founder, Al Burgio, have progressively withdrawn support for the Digitalbits Project, as well as any communication and disclosure to the community. Recently, the Digitalbits Foundation, now rebranded as the XDB Foundation, has been diligently working, as evidenced on xdbatlas.com, to redefine an enhanced multi-organizational governance structure to ensure trusted decentralization and a broader network integrity that will continue to support the ecosystem and its community. Every blockchain project requires its governance to be clearly and transparently communicated, and this is foundational as XDB CHAIN moves forward. As a result of this governance change, it is imperative to provide the community with the utmost level of transparency and disclosure regarding the former Digitalbits XDB coin supply. The previous concept and disclosure about the Digitalbits XDB coin’s circulating supply were entirely managed off-chain because no smart contract functionality was ever implemented on the Digitalbits protocol up to this point. Today’s announcement by the XDB Foundation to accelerate support for smart contracts on XDB CHAIN was primarily driven by the need for transparency, with the further goal of providing assurance about the figures reported by the Governance structure as a whole. Transparency without governance is pointless. The value creation of L1 Blockchain Technology derives from its trustless design, which must be embedded in its governance and disclosure processes. Under the assumption above, the native coins of the Digitalbits supply are considered in circulation unless locked by an auditable smart contract or burned into an auditable and permanently locked address. Digitalbits v18 has not implemented smart contracts to date. Therefore, today, all Digitalbits XDB native coin token metrics are as follows: Digitalbits Mainnet v18 MAX TOKEN SUPPLY: 20,000,000,000 TOTAL TOKEN SUPPLY: 19,974,370,019.97 CIRCULATING SUPPLY: 19,974,370,019.97 As part of the transition from Digitalbits v18 to XDB CHAIN v19 and in alignment with this new governance structure, the XDB Foundation commits to reducing both the total supply and circulating supply by 1,000,000,000 XDB CHAIN native coins. This will be executed following the completion of XDB CHAIN Mainnet v19 upgrade. XDB CHAIN Mainnet v19 MAX TOKEN SUPPLY: 20,000,000,000 TOTAL TOKEN SUPPLY: 18,974,370,019.97 CIRCULATING SUPPLY: 18,974,370,019.97 BURNED COINS: 1,025,629.980.03 Nevertheless, the XDB CHAIN Project’s commitment, beyond the immediate 1,000,000,000 XDB CHAIN native coin burn upon XDB CHAIN Mainnet v19 launch, is to commence quarterly burns starting Q1 2024, to further reducing both the total and circulating supply of XDB CHAIN to get to 10,000,000,000 billion coins through auditable and transparent communication and disclosure processes. The project’s growth will primarily hinge on the launch of multiple BCO (branded coins) and brand’s payment integration, some of which have already been announced and will commence shortly. Additionally, for the sake of transparency, the XDB Foundation proactively discloses the holdings of the following Digitalbits XDB coins that are considered as in circulation, as per the
“SBX coin” world’s first edutainment cryptocurrency. BCO-powered by XDB CHAIN
V.1.3 — Release date Oct, 19th 2023 This is the only document summarizing the key terms of creating a new virtual asset called “SBX coin” powered by XDB CHAIN. XDB CHAIN stands for the “blockchain of brands” which will empower the creation of new brands ecosystem leveraging blockchain technology and XDB CHAIN-powered tokens in the framework of BCO, namely “Branded Coins” This document constitutes the intellectual property of XDB Foundation, and it is intended to be distributed as an official document referenced by XDB CHAIN official social media channels. Disclaimer This whitepaper is for informational purposes only. XDB Foundation does not guarantee the accuracy of or the conclusions reached in this whitepaper, and this whitepaper is provided as is.XDB Foundation does not make and expressly disclaims all representations and warranties, express, implied, statutory, or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title, or non-infringement; (ii) that the contents of this whitepaper are free from error; and (iii) that such contents will not infringe third-party rights. XDB Foundation and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this whitepaper or any of the content contained herein, even if advised of the possibility of such damages. In no event will XDB Foundation or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs, or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive, or special for the use of, reference to, or reliance on this whitepaper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill, or other intangible losses Introduction This project describes the business and functional elements of the “SBX coin” that is the exclusive and unique Sandbox Group (SBX) — branded cryptocurrency which will be endorsed and incorporated by all present and future brands/products associated with the Sandbox Group (https://sbxgroup.com), including but not limited to PlayKids, Hopster, Code Kingdoms, Leiturinha, among others. This cryptocurrency is exclusively minted on the XDB CHAIN blockchain and will provide exclusive benefits and incentives for Sandbox’s product users. “SBX’’ refers to Sandbox Group whose Legal entities own both all brands, trademarks and products, as well as any associated brand property. About Sandbox Group (SBX) Sandbox Group is a global leader in Edutainment and a group of companies proposing a complementary suite of leading video, gaming, learning, crafting & eLearning products with a global footprint.By combining a proven curriculum and methodology with cutting edge technology, gamification and personalisation, our objective is to create a world where everyone is empowered to have fun while learning. Why Web3? “Web3 technology represents a groundbreaking solution poised to bridge the divide between user engagement and monetization with full transparency. By harnessing the capabilities of distributed ledger technology and tokenized incentives, Web3 introduces a secure, transparent, and trustless ecosystem for the seamless exchange of digital assets. With Web3 technology, businesses can craft immersive customer experiences that actively encourage increased interaction with their products and services. Web3’s potential lies in its ability to streamline user experiences by eliminating manual data entry or customer’s data (like username, emails or passwords) and minimizing user actions needed to complete transactions. Through the strategic deployment of tokenized incentives, businesses can not only reward their customers but also stimulate ongoing engagement, thus elevating the lifetime value of their clientele. Furthermore, Web3 technology offers businesses a fortified and transparent transaction environment. This enhanced security and transparency instill higher levels of trust and confidence among customers. Ultimately, Web3’s transformative capabilities hold the promise of “closing the chasm between user engagement and revenue generation, enabling businesses to augment their earnings while delivering more captivating and rewarding customer experiences.” Why XDB CHAIN? XDB CHAIN, commonly known as the blockchain for brands, has introduced a groundbreaking concept known as Branded Coins (BCOs). Among these offerings, this is the world’s first cryptocurrency designed to be extensively used within Sandbox group’s ecosystem of established products that cater to millions of users. This initiative represents a significant step in the crypto space, as it tackles one of
