Claiming Your Rewards
How to Access and Manage Your 8BIT Earnings
Good news: On 8-Bit Arcade, you don't manually "claim" rewards. Everything is automatic! This guide explains how the process works and how to manage your earnings.
Automatic Distribution
No Manual Claiming Required
Daily Rewards:
✅ Automatically sent to your wallet at 00:00 UTC
✅ No transaction needed from you
✅ No gas fees to receive
✅ Tokens appear within 5 minutes
Tournament Prizes:
✅ Automatically sent when tournament ends
✅ Usually within 15 minutes of completion
✅ No claim button to click
✅ Direct to wallet
Why Automatic is Better
Compared to manual claiming:
Must click "Claim" button
❌ No action needed
Pay gas fee to claim
❌ No fees
Can forget to claim
❌ Never miss rewards
Requires transaction approval
❌ Nothing to approve
Delay between earning and receiving
✅ Immediate payout
Viewing Your Rewards
In Your Wallet
MetaMask:
Open MetaMask extension/app
Ensure you're on Arbitrum One network
Your 8BIT balance shows below ETH
If 8BIT doesn't appear, add the token:
Click "Import Tokens"
Paste 8BIT contract address
Token appears with balance
Token Details:
On 8-Bit Arcade Platform
Rewards Dashboard:
Visit play.8bitarcade.games
Connect wallet
Click Profile → Rewards History
See complete earning history:
Export Records
For tax purposes or tracking:
Go to Rewards History
Click "Export CSV"
Download file with all transactions
Open in Excel/Sheets
Filter, sort, analyze
CSV Format:
What to Do with Your 8BIT
Option 1: HODL (Hold)
Keep earning and accumulating:
Token price may increase
Future staking rewards (Phase 3)
Deflationary pressure reduces supply
Long-term value appreciation
Benefits:
No gas fees
No tax events (in most jurisdictions)
Potential for higher future value
Access to future features (staking, governance)
Risks:
Price may decrease
Opportunity cost vs selling
No immediate cash benefit
Option 2: Sell for Stablecoins
Convert to USDC for cash-equivalent:
Go to Uniswap
Connect wallet (Arbitrum network)
Select: 8BIT → USDC
Enter amount to swap
Review price and slippage
Confirm swap
USDC appears in wallet
Benefits:
Lock in profits
No price volatility
Stable value
Can withdraw to bank
Costs:
Gas fee (~$0.20)
Swap fee (0.3% on Uniswap)
Tax event (capital gains)
Example:
Swap 10,000 8BIT
Price: $0.0325
Receive: ~$325 USDC
Fees: ~$1.20 total
Net: ~$323.80
Option 3: Sell for ETH
Convert to Ethereum:
Same process as USDC swap
Select: 8BIT → ETH
Receive ETH on Arbitrum
Can bridge to mainnet if needed
Benefits:
Exposure to ETH price
Can stake ETH elsewhere
May prefer ETH to stables
Option 4: Use for Tournament Entry
Spend 8BIT on platform (future):
⚠️ Coming Soon - Not yet available
Planned feature to pay tournament fees with 8BIT:
Use earned tokens for entries
No need to buy USDC
Circular economy
May offer discounts
Option 5: Stake for Passive Income
Stake your 8BIT (Phase 3):
⚠️ Coming in Months 7-12
When staking launches:
Lock 8BIT to earn rewards
15-30% APY (estimated)
Boost daily game rewards
Governance voting power
See Staking Guide
Selling on Uniswap
Step-by-Step Swap Guide
1. Prepare:
Have ~$1 worth of ETH for gas
Know how much 8BIT you want to sell
Check current price on Uniswap
2. Go to Uniswap:
Visit app.uniswap.org
Click "Connect Wallet"
Select MetaMask
Ensure on Arbitrum One
3. Set Up Swap:
From: 8BIT
To: USDC (or ETH)
Enter amount of 8BIT
See estimated USDC/ETH received
4. Check Details:
Price: Current exchange rate
Slippage: Usually 0.5-1% (auto)
Minimum Received: Worst case amount
Fee: 0.3% Uniswap + gas
5. Execute Swap:
Click "Swap"
Review transaction in MetaMask
Confirm
Wait ~5 seconds
Success! USDC/ETH in wallet
Understanding Slippage
Slippage = Difference between expected and actual price
Example:
You sell 10,000 8BIT
Expected: $325 USDC
Slippage: 1%
Minimum: $321.75 USDC
If price drops >1% during transaction, swap fails
Settings:
0.1% - Very low (may fail if market volatile)
0.5% - Recommended for normal conditions
1% - Safe for most situations
2%+ - High (only if necessary)
Liquidity & Price Impact
Price Impact = How much your trade moves the market
Example:
Pool has $100,000 8BIT liquidity
You sell 10,000 8BIT (10% of pool)
Price impact: ~5% (significant!)
Better to split into smaller trades
Best Practices:
Check price impact before swapping
Keep impact under 1% if possible
For large amounts, split into multiple trades
Trade during high liquidity times
Managing Large Amounts
If You Win Big (100K+ 8BIT)
Don't dump all at once:
Sell in tranches
10-20% at a time
Space out over days/weeks
Reduces price impact
Better average price
Consider OTC (Over-The-Counter)
For very large amounts ($10K+)
Direct buyer arrangement
Better pricing
Lower slippage
Stake some, sell some
Diversify strategy
Keep earning on staked portion
Cash out some for security
Tax optimization
Consult tax professional
May be advantageous to sell across tax years
Track cost basis
Withdrawing to Fiat (USD/EUR)
Converting to Bank Account Cash
Route: 8BIT → USDC → Bank Account
Step 1: Swap 8BIT to USDC (on Uniswap)
Step 2: Send USDC to centralized exchange
Binance, Coinbase, Kraken, etc.
Ensure they support Arbitrum USDC deposits
Or bridge to Ethereum mainnet first
Step 3: Sell USDC for USD/EUR on exchange
Step 4: Withdraw to bank account
Usually 1-3 business days
May have withdrawal fees
KYC verification required
Alternative: Crypto Debit Cards
Crypto.com Card
Coinbase Card
Spend USDC directly
Auto-converts at purchase
Transaction History & Proof
Blockchain Verification
Every payout is on-chain:
Visit arbiscan.io
Enter your wallet address
Click "Token Transfers" tab
See all 8BIT received
Click transaction hash for details:
Block number
Timestamp
From address (rewards contract)
Amount
Gas paid (by platform)
Proof of earnings:
Screenshot transactions
Copy transaction hashes
Export wallet history
Verifiable by anyone
Platform Records
Your dashboard shows:
All rewards received
Dates and times
Sources (daily, tournament)
Current balance
Total earnings to date
USD value at receipt time
CSV export includes:
Transaction hash (blockchain proof)
Timestamp
Amount in 8BIT
USD value at time
Source type
Game name
Security Best Practices
Protecting Your Earnings
Wallet Security:
✅ Use hardware wallet (Ledger, Trezor) for large amounts
✅ Enable wallet password/biometric lock
✅ Never share seed phrase
✅ Use separate wallet for large holdings
When Swapping:
✅ Double-check token contract address
✅ Verify website URL (app.uniswap.org)
✅ Review transaction before confirming
✅ Start with small test transaction
Avoiding Scams:
❌ Never click suspicious links
❌ Don't trust DMs offering "help"
❌ Verify all token addresses
❌ Don't approve unlimited token spending
Troubleshooting
"I don't see my rewards"
Check:
Ensure on correct network (Arbitrum One)
Add 8BIT token to wallet manually
Refresh wallet
Check transaction on Arbiscan
Wait 10 minutes (sometimes delayed)
"Swap failed on Uniswap"
Possible causes:
Slippage too low (increase to 1%)
Insufficient ETH for gas (~$0.50 needed)
Price moved too much (try again)
Network congestion (wait and retry)
"Rewards delayed"
Reasons:
High network congestion
Smart contract issues (rare)
Platform performing maintenance
Wait up to 1 hour, then:
Contact support
Check platform status page
Ask in Discord
Tax Reporting
⚠️ Not tax advice - consult a professional
General Tax Principles
When you receive 8BIT:
May be taxable as income
Value = Fair market value at receipt
Track USD price when received
When you sell 8BIT:
May be taxable as capital gain/loss
Gain/loss = Sale price - Cost basis
Track dates and amounts
Record Keeping
Keep records of:
Date/time of all rewards
Amount of 8BIT
USD value at time
Transaction hashes
Sale dates and prices
Gas fees paid
Tools to help:
Platform CSV export
CoinTracker
Koinly
TokenTax
Manual spreadsheet
Frequently Asked Questions
Q: Do I need to click anything to receive rewards? A: No, rewards are sent automatically to your wallet.
Q: Do I pay gas fees to receive? A: No, the platform pays gas for distribution.
Q: When exactly do daily rewards arrive? A: Within 5 minutes of 00:00 UTC daily reset.
Q: Can I choose not to receive a reward? A: No, automatic distribution can't be disabled.
Q: What if I change wallets? A: Play with new wallet. Rewards go to wallet used for that game.
Q: Can I send my 8BIT to another wallet? A: Yes, transfer like any ERC-20 token. You pay gas (~$0.20).
Q: Is there a minimum to withdraw/sell? A: No platform minimum. Uniswap works with any amount (but gas fees eat into small amounts).
Q: How do I know the current 8BIT price? A: Check Uniswap or DexScreener.
Next Steps
Daily Rewards - How to earn more
Tournaments - Bigger prizes
Prize Distribution - How amounts are calculated
Market Scenarios - Prize value projections
Rewards are automatically distributed via smart contracts. No manual claiming required. All transactions verifiable on Arbitrum blockchain.
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