Databits

Databits is a cryptocurrency created as a utility token by Augmentors

Owners of Databits (DTB) can use them on the blockchain to purchase other cryptocurrencies, and will be able to use their Databits to purchase creatures, relics and skins in the game.

Databits (DTB) can be traded on Bittrex.

Databits Economy Design and Whitepaper
The primary aim of the design is to align the interest of the Augmentors business, the backers, the players and all other participants in the network. The system uses Databits ($DTB) and the in-game currency, which is referred to as Emeralds in the whitepaper. Emeralds are locked to $DTB at a fixed ratio and can be traded into and out of $DTB. In this system, Augmentors derives its revenue from the selling of packs containing creatures and other consumable items. These packs will also contain some Emeralds and will be available through the in-game store. Emeralds are used in the internal virtual economy (which is powered by Emeralds) and in this economy, players will require Emeralds to utilise different game features.

Token sale and pre-sale
Augmentors raised $1 million USD (895 BTC) during the 30-day token sale, which ended in February 2017. At the time, it was the most successful token sale ever conducted by a mobile video game project and it was also the first token sale conducted in South Africa.

We created 100 million Databits in total for fundraising and the exchange for 1 Bitcoin (BTC) was 15 000 Databits (DTB). 23 million (22,747,809) Databits were issued during the token sale and the remaining 77 million (77,252,191) were burnt.

Of the 22,747,809 Databits issued, 70% was utilised in the token sale crowdfunding campaign and the remaining 30% will be used to fund the development of the game, to create awareness and for promotion.

Augmentors also did a pre-sale exclusive with Spells of Genesis where we released a limited edition Augmentor, Genesis of Light, which would not be available at any other time. Out of the 1000 available to supporters, 67 were sold, 20 were sent to Spells of Genesis owners, and 913 units were ‘burnt’.

Those who supported the Augmentors project received a special portion of Databits, and a selection of rare, one-of-a-kind creatures relating to the size of their contribution and its corresponding ICO Package. For the token sale, 25 of the 50 total creatures were allocated and are never to be re-released. Those who purchased more Databits received higher level Augmentors, such as Champion, Ultimate, Hero, Villain, and god status. The only way to obtain these rare creatures now is through a purchase or sale with another player. Token sale participants will be able to select their rare, one-of-a-kind creatures before the full game release.