You have $1,000 worth of DigiByte (DGB).
You need to make a $100 payment.
But you donβt want to sell your DGB just to get dollar value.
What if your DGB could work as collateral to create a digital dollar instead?
Thatβs the idea behind DigiDollar (
$DD).
DigiDollar is a decentralized digital currency built on the DigiByte blockchain, designed to track the value of $1 USD.
Instead of being issued by a company holding dollars in a bank, DigiDollar is created by locking DGB as collateral on-chain.
In simple terms:
Lock DGB β Mint DD β Hold or transfer DD.
Your DGB remains locked according to the rules of the tier you selected.
So youβre not simply selling your DGB.
Youβre using it as collateral to create dollar-referenced digital value.
But why would anyone need this?
Thatβs where it gets interesting. π