Upgrading and Assetizing GameFi and providing solutions to the Game World with Cocos-BCX

montequilla (25)in #cocos • last year

Digital currencies and blockchain have kept expanding from different sectors to another, and more suggestions are brought up to better improve the concept of blockchain, digital currencies, and decentralized apps.
The introduction of decentralization has made sure that a typical user is actively involved in the management of their assets and afterwards, enhance their financial security and status.
An example of applications where decentralization has been integrated in is the gaming industry.
Because of its large clientage of developers and gamers and large rate of commercialization, there tend to be problems that go unsolved. Cocos-BCX will begin providing solutions to these problems in the original draft of Cocos-BCX's roadmap.

COCOS Token

COCOS, the main token of the platform, has a final supply (which will not be altered) of 100 billion, with its consensus mechanism as DPOS.
It will come in both Ethereum and Binance token standard, and users will be able to use the token to deal with in-game assets and even stake.
The 2021 launch of the Panama Project saw that Cocos-BCX can be swapped between BEP-20 and ERC-20 tokens.
The end result of this will be the increased liquidity of COCOS, making it more compatible with the Ethereum space, adding more benefits to Cocos-BCX.

The three objectives of COCOS include;
It will serve as a channel of exchange
It will act as the Proof of Stake for DPOS in the Cocos-BCX chain
It will serve as a ticket to governance and participation in community activities.

Allocation and usage of COCOS

The COCOS token will be allocated into two different systems; one for the good of the platform, and the second one for the team benefits.
This first part will be given 83%, and will take care of anything relating to the development of Cocos-BCX such as marketing and promotion, legal actions, research, etc.
The second part(team benefits) will be given 17%, and will be locked for three years.

Characteristics of Cocos-BCX

Membership
The original phase of Cocos-BCX will have a vacancy for 5,000 memberships, and 10 COCOS will usher any user into the membership.
However, the price is not constant, and will change with every 100 members.
If a user happens to be the 99th person to join the membership, then they will pay the original 10 COCOS compared to the 110 COCOS that the 5,000th person will pay.

Four membership stages are available and will be determined according to the computing strength. It will also be needed when involving in IGO.
Here, the most computing power equals the winner.
To increase your computing strength, users are advised to bring in more users or stake COCOS.

IGO projects
This decentralized IGO system will simplify the fundraising process for game development.
It will make use of a kind of crowdfunding that rewards investors by granting them early access to in-game assets.
Top Fantasy is an example of an IGO project. The first in fact, and it operated for 5 days in January of 2022.
Customers who want to join IGO, should register for membership, stake COCOS or Non-Fungible assets, refer friends, and acquire IGO lottery assets.
Until the IGO is a success, the user can now claim their lottery results.