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This domain would be ideally suited to an e-commerce or retail organisation.
The name "Sawbit" has only six letters and just two syllables. Two syllable names make popular global brands. Successful brands using two syllable names include Gillette, Gucci and FedEx.
Sawbit.com is a dot com domain. Dot com domains are the most sought after top-level-domain in the world, used by famous websites like youtube.com. Owning a dot com says that you own the word "Sawbit" online.