Highlights from Bitrue x Digital Bits “Ask Me Anything” Session on Twitter Spaces

10th July 2023 — In another edition of Bitrue’s Twitter Spaces “Ask Me Anything” session, we have invited a guest who previously also shared some insights with us earlier this year, Digital Bits. Speaking with us in this session is their freshly minted community manager, George Radcliffe.

George Radcliffe, also known as RedFalcon, is the newly appointed community manager for Digital Bits. Although George is the new kid on the block, he had previously worked for the likes of Crypto.com, being the community manager for their flagship NFT projects. Now that George has joined Digital Bits, he hopes to bring their community and company more aligned with each other as their new community manager.

Without further ado, let’s take a look at the highlights from the AMA session below.

Q1. Can you please give us a brief introduction and overview of what DigitalBits is about and its goals?

Sure. So, to give a really brief description of Digital Bits, the project’s goal is to create utility and drive on-chain adoption. Digital Bit stands to be the blockchain of brands, which means focusing on how to drive utility to brands and let them create adoption.

Q2. Obviously, with such a great project, there is also a great team that works really hard to put together all the pieces here. Can you explain a little bit about the team behind the projects and also are there prominent DigitalBits’s partners that support the project as well?

Yes, sure. So the brands involved with the Digital Bits ecosystem are mainly retail brands, selling products with Digital Bits. And we will start new campaigns to push adoption across these brands. It’s not only marketing but real action that can take place in the world. Some examples, such as Chile, where they have 5 million users, rather have the option to use XDB and stuff and provide further adoption and stuff for the future of XDB.

Q3. What strategies do you employ as DigitalBits’s community manager to encourage engagement among DigitalBits community members?

Absolutely. So my key focus whenever it comes to community engagement is always that of organic nature. I know how important and how valuable the work and power of community members being on board with each other, having members being well aligned. And one of the ways in which we, or rather I and our company, will sort of try to help drive this is by providing as much education and transparency about the project and the space as we possibly can allowing users to make the best decisions that work for them. Even if that’s the case for users going, this project may not be for me. As long as they are informed and have all the accessible information provided to them to make the best decision possible, that works for them. That will be our motive for building that community trust and knowing that community members are in this project for the right reasons.

Q4. And how do you leverage social media platforms (like Threads?) to enhance community growth and interaction?

So even myself, I’ve only just gotten threads, and even I’m still trying to piece together how all of these social media platforms are working and how to utilize them best. So obviously, with all the different social media platforms and stuff, they will all have their strengths and abilities. And it’s about for us at this moment, trying to reassess and make sure that all of our platforms that we currently are being utilized to their full potential to make it easier for users to gain access to information, easier for members to correspond with one another, to be able to share ideas, initiatives, and become more well informed within the space. So we’re definitely going to be using more of our social media channels to have it expanded, hopefully. But yeah, we’re definitely going to be making sure that our community is at the forefront when it comes to our social media expansion.

Q5. Can you tell us a bit more about the PowerStake Program?

Yes, sure. So to keep it short, the program is designed to encourage users to use our AstraX Wallet to encourage users to hold the XDB within their wallets and be rewarded for it by providing APY percentages. Rewards are proportionate to the time in which the currency is staked, and also, in addition to that, we will have a burning. So to give an example, if we have 100,000 tokens as a reward being given to users once it’s been sent to their wallets, an additional 100,000 tokens will be burnt as well to help reduce supply. So it’s all being used as an initiative to bring people to our AstraX Wallet.

Q6. Can you tell us a bit more about the AstraX wallet and what are the benefits of using the AstraX wallet?

Yeah, sure. So first and foremost as well, the PowerStake is only for the mobile version of our AstraX wallets. We will have two, which are the web version and our mobile. They are two separate wallets. They do not interlock with each other. So let’s start by saying that the AstraX wallet is a noncustodial wallet, and the main benefit of it is that the users are responsible for the safety of their funds. So it’s completely decentralized. It is all yours. Besides this, thanks to the force of Digital Bits in the payment integration space, you can easily pay through AstraX using your XDB and sometimes get more benefits. For example, when making purchases through Doppelgänger brand, if you pay with XDB, you’ll immediately get 10% of cashback or rebate, rather, I should say, with XDB.

Q7. In terms of partnerships, do Digital Bits lean more towards Web3.0 or Web2.0 partners?

So we definitely want to have a primary focus of starting at crypto and finishing in the real world, so having it more, for example, retail brands where people can actually use the crypto and stuff for real-world cases. So that’s definitely going to be the drive.

Q8. We’re curious to hear more about DigitalBits Chain’s roadmap for 2023. Can you share updates on the project’s advancement and the team’s resolution to accomplish its goals? And what milestones can we expect to see achieved?

Without giving away too much detail and too much information to keep it very brief and short, we’re going to be working mainly over the next coming months on creating adoption and utility with obviously some of our existing and new partnerships enhancing utility and also as well on-chain conversion.

Community Questions

Q9. First off, we have a question from @sakibkhan388, asking “What kind of partnerships has $XDB secured so far, and how do these partnerships contribute to the growth and adoption of the network?”

So some of the partnerships we’ve adopted in the past are things such as Doppelgänger, and Chili.com, all of which are actually to help bring transactions through these partnerships and using the Digital Bits chain and system. And that’s definitely more of what we said before, some of the leading partners with which we want to grow and work with. Having paid promotion and partnerships with other projects is great, but obviously, having partnerships that provide utility and real-world benefits are far more beneficial for the growth and adoption of the chain.

Q10. Second question, we have a question from @CEO_BTC, asking “What are the key features and use cases of DigitalBits (XDB) in the blockchain ecosystem?”

So, first and foremost, it’s a highly scalable blockchain infrastructure that can manage 10,000 transactions a second. It’s also able to create custom programmable tokens which can be traded directly on-chain and be natively traded on chain as well without the need of any centralized exchange. And also as well to help actually creating loyalty ecosystems designed for brands custom tokens whilst being fully decentralized.

Q11. Third question, we have a question from @RaulRuby3, asking “How does the DigitalBits Consensus Protocol ensure that a chain of ledgers is in agreement across all participating nodes at all times, and what is the role of full validators in this process?”
Yes, this is really pushing my knowledge. I had to dig a bit for this. So they must reach a certain consensus with the validators for an action to be approved. There is a quorum. That means there is a minimum number of Dull Validator nodes in the agreement of the transactions. Ten nodes, eight nodes in the agreement every time there’s a transaction. You need eight nodes in the agreement to validate the transaction.

Q12. Last question, we have a question from @AntoBohor , “Is DigitalBits considering expanding its geographic reach? If yes, what steps have been taken or planned? What are the definite steps that DigitalBits has taken to build a strong ecosystem and support mass adoption?”

So, Digital Bits is already a global project with services running around the globe. We have frontier servers and users which run across different regions in the world and are already fully scalable, obviously onboarding more additional global brands and partnerships to increase such reach. And as well, from my perspective as a community manager, it will be heavily focused on organic growth and referral because I believe that is far more of a powerful onboarding tool than it is to have any form of paid promotion, for example.

Q13. Trust is very important in any business. Can you tell us what makes your investors, customers, and users feel safe working on the project?

Absolutely. So if any of our users ever deal with me, they’ll quickly discover that I will cut straight to the point. There’s no need for me to sugarcoat anything at all. One of the critical things we also go for is transparency. And there is no shame in admitting to users if they don’t think the project is for them or not. The only responsibility that I have for myself as a community manager is to make sure that users have all the information that they need about the project, where it’s going, what we hope for it to be, and allow users to come to their conclusion of whether they think that this is a project for them or not. Because obviously, not all projects are going to be for absolutely everyone. So we just want to make sure that the users are informed and educated precisely about the project so that they can make the decision that works best for them.

Q14. What strategies does the Digital Bits project use to maintain user engagement and retention?

I can answer this one quite well. I operate in terms of getting the community involved that I will quite consistently rather have one-to-one conversations with individuals within the community to gauge a real sense of the sentiment from the community, what it is that the masses people are hoping for and expecting to receive, and to witness within projects and then being able to take that internally with the company and find a way to allow both the community and company’s goals to align and to merge and being able to help showcase that to community members so they can see that their influence to the project does have a beneficial factor to it. It’s always more beneficial for the community members to get involved with the project to be voicing their either positive or constructive opinions about the project to allow for better growth and development for the project as a whole. Remind me what the second question was. I’ll do my best.

Q15. As we all know, without proper marketing and capital infusion, the project dies. How do you convince us you have adequate marketing power and capital to push this project?

My approach would be it’s not my job to convince you at all. I go from a basis of action, speaking far louder than words in that sense and so being able to improve and provide a product that’s of a quality nature and allowing that to speak for itself. At no point should I think any project within the space be on the ambition to try and convince users that something is for them. It should hopefully be showcasing through the project’s learning and development stages on actually how to best market themselves, how they’re onboarding new users, and for users to simply witness that and make their own personal judgment on whether they think that this is a project that they can get behind. And I think that organic community growth is probably one of the most influential factors when it comes to marketing for a project because nothing works better than coming into a community and seeing everyone fully on board instead of coming into one when it’s in complete disarray.