What is The9bit (9BIT)

Who created it

he9 Limited (NASDAQ: NCTY) / Vast Ocean International Limited

Why it was created

To build a “reward-driven” gaming and social ecosystem where familiar Web2 actions (playing, shopping, participating in communities) are converted into Web3 rewards and token utility.

How it’s used

• Internal ecosystem currency: in-game purchases, transactions, and rewards
• Payment of platform fees, marketplace activity, and premium features
• Access to exclusive content, events, and early access to releases and updates
• Staking to earn rewards and participate in ecosystem mechanics
• Governance participation: proposals and voting on platform development and integrations
• Space ownership and “farming acceleration”: incentives for “Space” owners/participants
• Reward mechanics for activity and contribution to the community (“activity-based” incentives)
• Programs providing access to “equity-related opportunities” (under separate structures and applicable requirements)

Risks

• Impersonation/scam copies have occurred: The9 Limited publicly warned about fake accounts, “listings,” and wallets impersonating the9bit (at that time the official token had not yet launched on exchanges) — the risk of interacting with a counterfeit remains if you do not verify the official contract and official links.
• Manipulation risk due to concentration: CoinGecko (citing Rugcheck) explicitly notes a risk of market manipulation due to a large concentration of 9BIT in one or more unidentified wallets — this can undermine trust and increase volatility.
• “Insider” risk via fast unlocks (without claiming it has already happened): tokenomics show large allocations to Investors (19%) and the Future Treasury & Growth Fund (19%) with linear vesting of only 4 months — such unlocks are often perceived as insider selling and can create downward price pressure.
• Part of the supply is available immediately at TGE: tokenomics indicate a 100% unlock at TGE for ICO (4%) and Liquidity (4%) — this increases the risk of early sell pressure and “dumping” accusations.
• Distrust due to limited track record and listing status: trading for 9BIT/USDT on MEXC started on Jan 4, 2026 and was flagged as an Innovation Zone project (often perceived as higher risk) — short history tends to mean lower user trust and sharper price swings.

FAQ

Question: What is The9bit (9BIT) and why is the token needed?

Answer: 9BIT is positioned as the utility token of the the9bit ecosystem (a gaming hub/platform), intended for incentives, rewards, and in-product mechanics (e.g., mining rewards/points → tokens, community incentives). The detailed token logic and roles are described in the official the9bit documentation.

Question: What is the maximum supply and the basic tokenomics?

Answer: The the9bit documentation states a max supply of 10,000,000,000 (10 billion) 9BIT, along with a breakdown table and unlock/vesting terms by category.

Question: Are there tokenomics factors that could look like an “insider risk”?

Answer: Yes. According to the official allocation table, Investors (19%) and the Future Treasury & Growth Fund (19%) have linear vesting over 4 months, while ICO (4%) and Liquidity (4%) have a 100% unlock at TGE. This does not prove insider trading, but it can create sell pressure and market suspicion around unlock periods.

Question: Are there signs of manipulation risk due to token concentration?

Answer: CoinGecko (citing Rugcheck) points to a market-manipulation risk due to a high token concentration in one or more unidentified wallets.

Question: Does the project have a stated buyback and can you rely on it?

Answer: The GitBook describes a “Token Buyback Program” (at least 2 buyback events per year plus additional events under certain conditions), but this is a policy/intent rather than a legal guarantee of returns: execution depends on profitability, decisions, and market conditions.