Can't install Botman Studio

[l1rak]

Hi,
I am trying to install BotMan studio and trying to work my way around it for a project. But when installing, I am getting a lot of errors and bugs. First I am using PHPStorm as an IDE, I am running PHP version 8.0 on my system but I am getting an error which says

Problem 1
    - Root composer.json requires php ^7.1.3 but your php version (8.0.10) does not satisfy that requirement.

I tried downgrading my version of PHP to 7.1.3 from XAMPP and tried running it but its still not working.

[suchismitacn]

I had also faced issues creating my project using global botman installer, due to composer dependency issues (I am using composer v2 and php v7.4.5 and BotMan Studio is on composer v1).
I could not run composer global require "botman/installer" command. I tried with composer create-project --prefer-dist botman/studio <my_project_name> which ran but exited with errors.
However my project was created and a cd into the folder followed by composer update, solved the issue with setup.