8.Finance

## What Is 8.Finance (8F)?

8.Finance is an educational platform with simple games that helps everyone easily get into Crypto: for free, without any knowledge and risks. And helps crypto projects easily get new users and increase brand awareness

8F is the native utility token of the project that is used for:

* Snake evolution (in Snake for Crypto game) and in-game Marketplace: skins, features, graffiti
* Our partners reward users for taking tasks with 8F token
* Game Airdrops and Tournaments that can not be held without 8F token
* Premium subscription in Snake for Crypto for 8F (everyday bonuses, special skins, game modes, etc)
* 8F Staking and Farming
* NFTs staking with fixed min. yield
* Governance - important decisions are made only after votes
* 1% transaction fee on any 8F transactions (is being automatically burned)

8F token was audited by [Paladin Sec](https://paladinsec.co/projects/8-finance/).

8.Finance services include: 

* Casual games - Snake for Crypto is the first game of 8.Finance
* In-game marketing services for Crypto projects (Airdrops, Tournaments, Educational videos)
* 8.Finance DEX
* 8.Finance Governance (underway)
* Staking and Farming Pools (finished)
* NFTs Staking with fixed min. yield (finished)


## Utility functions and market demand for 8F token

8.Finance is running on the BNB Chain, which is the most popular Chain among gamers.

Max. circulating supply of 8F tokens is 888 888 888 pcs. 
They are 100% pre-minted, it is impossible to mint new tokens.

8.Finance tokenomics is stated as one of the most hyper-deflationary on the market. It has 20+ token price growth incentives. Some of them are listed below.

Reduction of 8F tokens in circulation:
1) 80% of 8F spent in the game’s marketplace will be burned
2) 35% of 8F will be burned when users buy 8G for 8F
3) 35% of 8F will be burned when users buy 8G for Fiat (using bank cards)
4) 50% of 8F purchased by Treasury will be burned
5) 1% transaction fee - each 8F token transaction includes 1% fee that is being immediately burned
6) We use the excess funds of the Liquidity Provider Vault to buyback 8F tokens from the market and then burn them
7) NFT Staking with a fixed min. yield of 30% to increase the period for 8F coins purchased in the Seed and Private Sale rounds to enter circulation
8) 20% of all commissions we use to buyback 8F from the market to replenish the Games Vault

Stimulation of demand for 8F:
1) Our partners who want to attract users to their projects and increase their brand awareness (via Airdrops, Tournaments, Educational videos) should reward users for taking tasks with 8F tokens (and with their tokens if they wish)
2) To take part in special Tournaments with huge prize pools users will have to purchase tickets for 8F tokens and improve their snakes (spend 8F tokens for it) to increase their chances to win
3) NFT Staking. Users may wrap 8F tokens into NFTs to get access to NFT Staking with a fixed min. yield of 30%. If they want to unwrap 8F tokens, it will take them some time
4) 8F Staking and Farming pools on our platform with good yields
5) Users need 8F to buy unique items in the game’s Marketplace: skins, features, boosters
6) Snake evolution - to improve their snakes and earn even more tokens on the playing fields users have to spend 8F tokens
7) To become active members of the community and gain access to the closed chats, users must hold a certain amount of tokens in their wallets
8) 8F is a governance token. To take part in votes users should have tokens, 1 token = 1 vote

Demand stimulation by marketing activity:
1) Partnerships with strong projects to hold events for them (Airdrops, Tournaments, Educational videos) and attract new users into their projects, increase their brands awareness. And reward our users who take part in their activities. Our partners pay for rewards, rewards in our 8F tokens and their tokens if they wish.
2) Partnerships with non-crypto projects that may attract users and reward them with their certificates and promo-codes (and our tokens, of course). User targeting by region and other parameters will be available in 8.Finance, this is attractive for our partners
3) Listings on the Top Centralized Exchanges
4) Active marketing campaigns (including outdoor)
5) Fair referral system (3% lifetime + fixed for meeting KPIs)
6) Creating decentralized networks of local 8.Finance communities under the leadership of our ambassadors
7) Regular Tournaments and Contests aiming to attracting new active users
8) Spreading 8.Finance to other blockchains


### Who Are the Founders of 8.Finance?

8.Finance is the brainchild of entrepreneurs, investors, and crypto enthusiasts Arnold Evdaev and Michael Antonov (Hypov).

Before beginning this project we managed together assets of HNWIs who wanted to invest in crypto. We were a team of 4 people (with Oleg and Alex who are also in the 8.Finance team) who invested funds in 3 directions: trading bots, intraday trading and early-stage crypto projects.

Our first idea was to create a project capable of decentralized aggregation of large investment funds and redistribution of investment profits among token holders. However, at the tokenomics modeling stage, we realized that in a bear market our users would face high risks of losing their assets if they do not know the basics of trading.
 
We decided to radically revise the concept of the project and focus on solving more global problems in Crypto World. We have studied thousands of cryptocurrency projects and identified 8 conceptual issues that hamper the development of the cryptocurrency market and mass adoption of the blockchain technology. One of them - a lot of people want to get into Crypto, but they are afraid of losing assets, taking any risks and do not want to spend time on boring learning. We should help them to take their first steps. For free, without account and wallet creation, and in an entertaining way.
This is how 8.Finance appeared. 

We are a team of 10+ regular experienced employees and we have dozens of great partners, contractors and advisors, with experience at ANKR, Civic Ledger, Polkadex and Tiger.Trade.

### Where Can I Buy 8.Finance tokens (8F)?

Currently 8.Finance token not listed on the exchanges. We are in the early stage of fundraising. You can apply for the presale and get 8F tokens at a good price by following taking simple steps [here](https://docs.8.finance/wiki-eng/getting-started/how-to-buy-8f-tokens-at-the-private-sale)

8.Finance project has already raised $520k+.

Some details about our token sale rounds:
1) Pre-Seed Round: 6% of 8F. Hard cap $0.533m (300k already raised).
Price per token $0.010. Cliff + Vesting  - 4 + 20 months. 2% at TGE

2) Seed Round: 8% of 8F. Hard cap $1.066m (220k already raised).
Price per token $0.015. Cliff + Vesting  - 3 + 15 months. 5% at TGE

3) Private Sale: 3% of 8F. Hard cap $0.533m. 
Price per token $0.020. Cliff + Vesting  - 2 + 10 months. 10% at TGE

4) Public Sale: 1% of 8F. Hard cap $0.222m.
Price per token $0.028. Cliff + Vesting  - 0 + 6 months. 15% at TGE

An educational platform with a simple game that helps everyone easily take their first steps in the Crypto World for free, without any risks, in a joyful way.

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