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Databits, Token Sale & Shark Tank 2017-11-22T12:51:18+00:00

DATABITS (DTB) AND WHERE TO TRADE

Owners of Databits (DTB) can use them on the blockchain to purchase other cryptocurrencies, and once the game has been released will be able to use their Databits to purchase creatures, relics and skins. Databits (DTB) can be traded on Bittrex.

DATABITS ECONOMY DESIGN 2.0 – WHITEPAPER

The primary aim of this new 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 ($DTB) and the in-game currency, which is referred to as Databit Tethers ($DTBT). $DTBT are locked to $DTB at a fixed ratio and can be traded into and out of $DTB. In this new system, Augmentors derives its revenue from the selling of packs containing creatures and other consumable items. These packs will also contain some $DTBT and will be available through the in-game store. $DTBT are used in the internal virtual economy (which is powered by $DTBT) and in this economy, players will require $DTBT to utilise different game features. This means that the Augmentors business is highly incentivized to stabilise and grow the value of the network and $DTB. 

Whitepaper – Databits Economy Design V2.0

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. 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 trade or sale with another player. Token sale participants will be able to select their rare, one-of-a-kind creatures before game release.

THANK YOU TO ALL OUR PARTICIPANTS, WE COULDN’T HAVE DONE IT WITHOUT YOU!

PARTNER, PREMIUM AND PUBLIC CREATURE STORES

During the token sale some participants received partner and premium store access for their contribution. Premium and public Augmentors creatures, relics and skins will first be made available to these participants in the partner and premium store before remaining assets move to the public store.

PARTNER STORE (PLATINUM PACKAGE)

The partner store will offer public and premium creatures, relics & skins (assets) for Databits. All the public and premium assets will be first available at the partner store. One month later they will then be offered on the premium or the public store. 70% of the total supply of each public asset and 30% of the total supply of each premium asset will be available at the partner store. Each package is subject to discounted rates depending on the package bought.

PREMIUM STORE (GOLD AND DIAMOND PACKAGE)

The premium store will offer 50% of the total supply of the premium assets. Those will be available one month after the asset release on the partner store. Each asset will be on sale for a week. If there is any stock left, it may reappear later. Augmentors will keep 20% of the total supply of each asset. For the assets produced in partnership with another project, Augmentors reserves the right to allocate a reasonable amount of the asset supply (out of the 20% kept by Augmentors) to the partner project. Each package is subject to discounted rates depending on the package bought.

PUBLIC CREATURE STORE

The public store will sell public blockchain creatures, relics and skins for Databits and distribute free assets, including free creatures, relics and skins. The public assets will be available approximately a month after their release on the partner store. The number of assets available for sale will be limited for each sale. All items will be sold using flash sales, lasting a few hours or days.

FIRST SHARK TANK DEAL DONE IN BITCOIN

Shark Tank was the first major platform to recognise the potential of Augmentors. South African entrepreneur and proponent of Bitcoin, with a hand in the growth of Gyft, Yola and now blockchain startup Civic, Vinny Lingham, offered 500,000 ZAR (59 Bitcoins at the time) for 20% of the business. He was joined by fellow judge, Gil Oved, the co-CEO of Africa’s largest advertising agency, The Creative Counsel, and board member of South Africa’s second-biggest venture capital company, Grotech.

“The problem you’re trying to solve around creating rarity… can better be solved by using the bitcoin blockchain.” Vinny explained he was given confidence in his investment by the success of games like Spells of Genesis, a trading card game that integrates a blockchain-based token.