𝟴𝗖𝗛𝗔𝗜𝗡 | 𝗧𝗵𝗲 𝗔𝗹𝗹-𝗶𝗻-𝗢𝗻𝗲 𝗧𝗼𝗸𝗲𝗻
Official 8CHAIN Whitepaper, last updated December 2022
8CHAIN is an 8-in-1 token project, building ONE CHAIN at a time starting with MaxRep Workout-and-Earn.
8CHAIN tokens are BEP-20 tokens for the 8CHAIN metaverse. 8CHAIN will launch 8 integrated projects over the course of 8 years; and developers will soon make 8CHAIN as the governance/native token for all of its projects. 8CHAIN is the evolving and future-proof token that aims to create an integrated ecosystem within the crypto space. 8CHAIN holders will be able to claim rewards if they: 1.) stake their tokens, 2.) utilize the 8CHAIN projects (i.e., both in website and mobile applications), and 3.) participate in key governance votes. Once the DAO is successfully launched, 8CHAIN will be utilized as the governance token for the initial and future initiatives of the project developers. These include but are not limited to the following: Workout-to-Earn platform, NFT art collection, 8CHAIN staking, Play-to-Earn platform, other future ventures such as the CryptoEarn, High Rollers, Virtual Community, and Virtual World, both in website and mobile applications.
The developer’s mission is to create the biggest, frictionless digital economy through the cryptocurrency ecosystem. 8CHAIN envisions to integrate real-world activities into the digital reality while rewarding the community with $8CHAIN tokens and other future utility tokens through the use of its platforms. We integrate real-world ecosystems to the metaverse, one chain at a time.
There is a severe disconnect in the real-world activities and the digital reality. As a result, ecosystems, organizations, and stakeholders stuck in Web 1.0 and Web 2.0 are challenged in being "included" in the cryptospace (Only 0.1% of the world is in the crypto ecosystem). Multiple ecosystems and chains are disrupted and displaced as crypto rose. As a community-oriented project, we don't want to just disrupt, we want to integrate ecosystems and provide autonomy to the community.
The state of the market has indicated a paradigm shift that blockchain technology's use cases will be installed on all forms of organizations and governance. Bitcoin and other cryptocurrencies have emerged as a new asset class that has seen extraordinary returns over the past decade. Bitcoin has also surged vs Gold, and is now in direct close competition with trillion-dollar valuation companies such as Alphabet and Amazon–recently scaling past Tesla, Meta, and NVIDIA.
The adoption of blockchain technology in industries and organizations such as gaming, art, legal, global institutions, and nations (El Salvador's Bitcoin adoption as National Currency) are indicating a mass adoption paradigm shift. Blockchain as the "particle of truth" that helps in the verification and traceability of multistep transactions in a public ledger, has not only enabled revolutionary ways to earn, but also surrendered back the autonomy to the people. As gamers are able to live life gaming through the play-to-earn movement, digital artists are able to add another layer of monetization to their materials through NFT, and smart contracts are truly "fool-proof" agreements and memorandums, the use cases of blockchain technology are rapidly becoming adopted in the world. However, of the 7.7 Billion people in the world, only 100M are connected to the blockchain revolution—roughly 1.29%. As early adopters of blockchain technology, such as the revolutionary projects of AXIE Infinity, we have discovered that the blockchain revolution is applicable to all industries. So as to embrace crypto without alienating future adopters, instead of bringing the metaverse to the world, we'll bring the world to the metaverse—and we'll do that with you, one CHAIN at a time. Introducing, 8CHAIN's virtual world.
Disclaimer: Please note that anything written in this white paper should not be taken as financial advice. 8CHAIN is blockchain-based platform that's incorporating unfinished, risky, and highly speculative technology. Development updates, roadmaps, and features are subject to changes based on research, traction, feedback from the community, and other factors.