AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Game developers and players often do not align on the development of games. For example, in many current mobile games which flirt with grandiose promises of free gaming, many players end up feeling frustrated as they find it impossible to level up without making in-game purchases. Building games with blockchain technology benefits both developers and end-users, since they work together as a community in making decisions on the direction of game development. Cocos-BCX fully focuses on this blockchain benefit to bridge the gap between developers and players and give power to all involved in the game.
Cocos-BCX is a decentralized metaverse and GameFi enabler platform that enables game creation while improving user experience. Its Cocos Creator game engine allows more creators to enter the space, including those who lack programming knowledge. At the same time, it supports distribution, investment and initial game offering (IGO) projects for innovative game creations enhanced with blockchain technology.
One of the best examples of this gaming technology in action is Crypto Knights, available on the Cocos-BCX mainnet. Thus far, typical blockchain games favor the earning aspect over the gaming aspect, turning their games relatively tedious and dull. Crypto Knights, however, utilizes more sophisticated mechanics, providing greater entertainment for users. Its adorable design features mining and adventure systems consisting of 19 scenes with five dungeons each, as well as 200 heroes that have various attributes that add to each of their uniqueness.
Cocos-BCX, or Cocos Blockchain Expedition, is the first privately funded project of its kind to be listed on the Binance exchange. It uses a multi-chain game engine that supports numerous advanced applications. Besides simplifying the game development process for developers through the Cocos Creator, Cocos-BCX has many more features that fully support gamers.
In the initial phase of Cocos-BCX, there will only be 5,000 membership positions available. Memberships can be purchased with COCOS tokens, with a starting price of 10 COCOS. The price of a membership will increase dynamically with each 100 new members. For instance, if you’re applying to be the 99th member, you’ll only need to pay 10 COCOS, but if you’re the 100th member, you’ll pay 12 COCOS. It would cost you 110 COCOS to join as the 5,000th member.
Cocos-BCX offers four membership levels, categorized according to the level of computing power, which is crucial when participating in Cocos-BCX's IGO projects. The higher your computing power, the greater your possibility of winning. There are two ways to enhance your computing power and, thereby, membership level: referring new members to the platform, or staking COCOs.
Cocos-BCX uses a decentralized initial game offering (IGO) system, which facilitates easier fundraising for game development. Its gaming launchpad uses a type of crowdfunding that benefits investors through early access to in-game assets.
The first IGO project on Cocos-BCX was Tap Fantasy, an MMORPG blockchain game. The first Tap Fantasy IGO ran from Jan 5–10, 2022. Additional token releases were then held monthly for 11 months. To participate in this IGO, a user had to sign up for Cocos-BCX membership, stake their COCOS tokens or NFTs, invite new members, and buy the IGO lottery shares. After the IGO was completed, users could claim the lottery results.
Coco-BCX offers users a fun way to obtain NFTs with its Blind Box. Those who have been approved as Whitelist Users can open NFT Blind Boxes, which may contain "Five Fortunes NFTs." Once the "Five Fortunes NFTs" phase is over, the Blind Box will move on to offer "Bull Bull Series NFT." Only 50,000 users will be accepted to the Whitelist.
Staking with Cocos-BCX will earn you dividends calculated based on your computing power. The higher your computing power, the higher the proportion of dividends you’ll receive.
Two types of staking are available: NFT staking and COCOS staking. To perform NFT staking, you need to mint COCOS into NFT first (with a lock-up period of 30 days), after which you can revert the NFT to COCOS. When you stake COCOS directly, you can deposit and withdraw your staked COCOS anytime.
Staking with NFTs can increase your staking power, so that you’ll receive 1.8 computing power for every 1.1 COCOS tokens staked. Meanwhile, when you stake directly with COCOS, one COCOS is equivalent to one computing power.
COCOS is the native token of Cocos-BCX, which is available in both BEP-20 and ERC-20 standards. You can use COCOS in the game's marketplace to buy and sell in-game assets, or as an investment via staking. With the 2021 release of the Panama Project, which is a Binance Bridge, Cocos-BCX also supports swapping BEP-20 and ERC-20 tokens in both directions. This function enhances the liquidity of COCOS. In addition, it makes COCOS more compatible with the Ethereum ecosystem, which will further boost the development of asset-based chain games.
As of March 13, 2023, COCOS’ price is $1.48, down 4.5% from its 24-hour peak. Its all-time low was on March 13, 2020, when it hit $0.000188. Its all-time high of $5.44 was on Nov 20, 2021.
According to DigitalCoinPrice, COCOS may be worth $4.55 by the end of 2025, reflecting an increase of more than 230% from its current price. They also predict that COCOS will exceed $10 in 2029, and surge to $15.63 by 2030. PricePrediction also anticipates a considerable price increase for COCOS, forecasting a price of around $4.11 in 2025, leaping up to $25.09 in 2030.
Crypto experts are predicting the price of COCOS to increase considerably over the next five to 10 years. With this in mind, holding COCOS could be lucrative. COCOS is also used for IGOs and staking, offering additional opportunities for gains.
Cocos-BCX has several planned updates that can take game development to a new level. One of these updates is an Optimistic rollup on BNB Chain to achieve high performance at low gas fees, to be completed through a strategic partnership between Cocos-BCX and NodeReal. This will be the first Layer 2 on the BNB Chain, eventually expanding to other EVM-compatible networks such as Polygon. In addition, Cocos-BCX is transforming its products to become a complete scaling solution for web3 games.
COCOS tokens can be purchased through the Bybit crypto exchange. If you don’t have a Bybit account, the first step is to create a new user account. Bybit supports COCOS trades as USDT Perpetual, and you must first fund your Bybit account with USDT. Once the account is properly funded, select COCOSUSDT and complete your order.
Aiming to provide painless entrance to innovative blockchain-based gaming, Cocos-BCX seeks to create an atmosphere that allows developers to transition smoothly, while taking advantage of all the advantages decentralization has to offer. With an added incentive to earn from investing in IGO projects, users gain stronger control over the games while simultaneously making money. This win-win situation Cocos-BCX is creating makes it a project to watch as it works toward this admirable vision.
#Bybit #TheCryptoArk