9BIT
The9bit
$0.04692
1.58%
The9bit
9BIT
$0.04692
1.58%
The9bit Price Converter
The9bit Information
The9bit Markets
About The9bit
The9bit (9BIT) is the native token used in the the9bit gaming ecosystem. Users earn Points from activity such as playing games, missions, top-ups, community participation and trading digital items, with Points redeemable for rewards or convertible into liquid 9BIT at a market-based rate. 9BIT is an SPL-20 token built on Solana and is used for staking to boost Space mining power, paying platform fees, in-ecosystem purchases, access to features and events and governance voting. The9bit is owned by The9 Limited (Nasdaq: NCTY), which has a 19% treasury token allocation.
The9bit is a gaming platform token called 9BIT that is used across the the9bit ecosystem. The platform positions itself as a Web3.5 gaming hub that combines Web2-style access such as fiat payments, auto-wallets and one-click play with token-based rewards and ownership features.
Within the platform, user actions such as playing games, completing missions, topping up, engaging in community Spaces or trading digital items earn Points which can be redeemed for platform rewards or converted into liquid 9BIT at a market-based rate. 9BIT is an SPL-20 token built on Solana.**
9BIT is used for:
- Rewards conversion: Points earned from platform activity can be converted into 9BIT at a market-based ratio.
- Space participation and mining boosts: Staking or locking 9BIT is used to increase a Space’s mining power and reward output.
- Payments and fees inside the ecosystem: Platform fees, marketplace activity and premium features are denominated in 9BIT.
- In-ecosystem currency: Used for in-game purchases, digital item transactions and reward distribution across platform games and applications.
- Access features: Used to access exclusive content, premium features, special events and priority access to releases or updates.
- Staking and rewards: Token holders can stake 9BIT to earn rewards.
- Governance: 9BIT holders participate in governance through proposing and voting on platform decisions.
- Equity-related access: Eligible 9BIT holders may gain access to equity-related opportunities involving The9 Limited under structured and compliant programmes, with terms subject to governance and regulatory considerations.
- Token buybacks: A portion of annual net profits is allocated to token buybacks, with a minimum of two buyback events per year and reporting to the community.
The9bit was founded by The9 Limited (Nasdaq: NCTY), which fully owns the9bit. The9 Limited holds a 19% allocation of treasury tokens, allocated by the Panama foundation managing token issuance.
