Owners of Databits (DTB) can use them to purchase other cryptocurrencies, and once the AUGMENTORS game has been released will be able to use their Databits to purchase creatures, relics and skins. You can already download Augmentors in Apple / Google store. Once the blockchain integration is complete, probably 30.11.2018, the in-game circulation of emeralds will provide volume and value to DTB. The game will be launching in select countries in Q4 this year.
All in-app purchases are in fiat i.e. US Dollars ($ USD). For every $10 USD spent in-game, Augmentors receives $7 USD – after Apple’s 30% fee. Of this $7 USD, $3.5 USD is reflected as Augmentors revenue and the other $3.5 USD is used to purchase DTB at the instantaneous market price. The purchased DTB is then destroyed. After the destruction of DTB, the item (a creature or relic) is sent to the purchaser. This structure provides liquidity in the secondary market and shrinks the supply of DTB, which should cause an increase in their value.
low total supply low marketcap high reward shortterm / midterm / longterm
Your description is not entirely true, that would make DTB a security token, where it is strictly a utility token. The DTB will be locked away in a wallet, to keep the DTB:Emerald ratio of 1:1000 intact. Your quotation is from the previous version of the economic whitepaper, a bit further down, in section 3 is the explanation of the current system. Check this out - augmentorsgame.com/wp-content/uploads/2017/11/22112017-DatabitsWhitepaper-v2.0-.pdf
LadaToLambo
⋅
Exactly as user above pointed out. DTB will NOT be burned, no way at all. The Datbaits are required as they are exchanged for Emeralds in game "curency". Databits can be swapped for Emeralds and vice versa, so by earning emeralds in game, you are technically earning DTB which you can then sell for Bitcoin. Augmentors has the best and most App store friendly ecosystem, unlike other games that seem oblivious to how Apple and Google operate. Recently Apple has given full support to Augmentors game and has provided Augmentors with Support from Apple as they would like to feature (front page) the game on full release.