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8 Bit Token (8BT)

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We build video games, digital assets and tools.

We build video games, digital assets and tools for blockchain that empower players and developers to manifest their imagination. Our vision is to contribute to the construction of a new form of reality; this digital dimension is called The Metaverse.

Start Date
July 17th 2017
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End Date
August 18th 2017
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Start Date
October 1st 2018 17:00 UTC
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End Date
October 31st 2018 23:59 UTC
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Event Smart Contract
Smart Contract
Tokens for sale
5,000,000

8 Bit Token Token Distribution

  • 8 Circuit Studios Platform74,745,243 8BT74.75%
  • Token Sales & Marketing13,804,757 8BT13.80%
  • Company Reserves11,450,000 8BT11.45%

Milestones

  • Q3 2018

    2018 Q2 - Alien Arsenal: Battle for the Blockchain

  • Q4 2018

    2018 Q3 - Wave 2: 8 Bit Token Sale

  • Q1 2019

    2018 Q4 - The Portal

  • Q1 2019

    2018 Q4 - Avatar System

  • Q2 2019

    2019 Q1-Q3+ - API and Proto-Partnerships, Project Genesis: Alpha, The Virtuous Cycle of an Ecosystem

Questions

Why is your company going to succeed?

8 Circuit Studios has developed a blockchain-based game development platform that is currently being leveraged by its first title, Alien Arsenal: Battle for the Blockchain. It has two other games in development, and has already created a partnership with the company behind Mankind Reborn (a cyberpunk MMO), Far Frontier Studios, to use 8 Circuit Studios ERC-721 property assets and 8 Circuit Studios ERC-20 8 Bit Tokens (8BT's). Now that validity of the company's business case has been demonstrated, future success will be accomplished by replicating this partnership model with other game developers and publishers (thanks to the network of contacts from the team members extensive game development experience).

Where did your team members meet originally?

The majority of the team members have met from working together in the video game industry over the years, or through their shared fascination with blockchains while participating in their local blockchain communities.

What are the top five risks you see for your business?

The top five risks we anticipate for 8 Circuit Studios business are as follows:
1.) Regulatory uncertainty.
2.) Security. Cheating and hacking is built into gaming culture. While no one is impervious to bad actors, 8 Circuit Studios will leverage its experience in minimizing attack surface areas through extensive game development testing methologies. 8 Circuit Studios is also cultivating a tightly knit community to operate as an extended front-guard in white-hat testing efforts.
3.) Slow adoption of blockchain-based gaming. The video game industry, generally speaking, has developed a healthy skepticism of blockchains thanks in large part to the poor publicity of failed ICO's, scam ICO's, and the uncertainty around regulation. However, larger developers (like Ubisoft, Epic, etc.) and publishers (like Microsoft) are leading the way in exploring blockchain development which indicates the common posture for the games industry embracing innovation and acceptance of new technology before other industries.
4.) Lack of blockchain expertise at scale. As 8 Circuit Studios rapidly grows its staff to develop its ambitious projects, it may be increasingly difficult to find qualified blockchain developers.
5.) Current dependency on status of the Ethereum blockchain. Ethereum is scaling in a measured fashion but the reliability of the network is volatile. In the short term, the 8 Circuit Studios platform is designed to buffer gamers from low level volatility through game design modalities (pay-to-play and free-but-wait, and optimized blockchain data storage), but high level volatility will impact transactions. In the long term, 8 Circuit Studios will develop side-chain and atomic swap solutions as it scales its platform and user base.