Taking GameFi to the Next Level with Cocos-BCX (COCOS)Table of Contents
Taking GameFi to the Next Level with Cocos-BCX (COCOS)
By CoinUnited.io Research Team
2 min read
The first project of its sort to be funded privately and listed on the Binance exchange is Cocos-BCX, or Cocos Blockchain Expedition. It makes use of a multi-chain gaming engine that can support a wide variety of complex applications. Cocos-BCX provides a lot of features that completely support gamers in addition to streamlining the game production process for developers using the Cocos Creator.
Just 5,000 membership spots will be available during Cocos-inaugural BCX's phase. Memberships may be acquired with COCOS tokens, with a starting price of 10 COCOS. For every 100 new members, the membership fee will increase dynamically. For instance, if you want to become the 99th member, you'll just have to pay 10 COCOS, but if you want to become the 100th member, you'll have to spend 12 COCOS. When it comes to processing capacity, which is essential for taking part in Cocos-IGO BCX's projects, the organization provides four different membership tiers. Your chances of winning are increased the better your processing power. Referring new users to the platform or staking COCOs are two methods to increase your computing power and, in turn, your membership level.
A decentralized initial game offering (IGO) approach is used by Cocos-BCX, making it simpler to fund game development. Tap Fantasy, an MMORPG blockchain game, was the first IGO project using Cocos-BCX. On January 5–10, 2022, there was the inaugural Tap Fantasy IGO. Users could collect their lottery winnings when the IGO was complete.
Individuals who have been accepted as Whitelist Users may open NFT Blind Boxes containing "Five Fortunes NFTs." The Blind Box will switch to the "Bull Bull Series NFT" when the "Five Fortunes NFTs" phase is complete.
When you stake with Cocos-BCX, you'll receive rewards according to the amount of processing power you contribute. Your dividend payout will be bigger the more powerful your computer is. NFT staking and COCOS staking are the two different forms of staking that are currently accessible. With NFT staking, you must first mint COCOS into NFT (with a lock-up period of 30 days), and then you can convert the NFT back to COCOS. When you stake COCOS directly, you can deposit and withdraw your stake at any moment. You'll gain 1.8 processing power for every 1.1 COCOS token you stake using NFTs, increasing your staking power. One COCOS is equal to one computer power when you stake directly with COCOS.
The native token of Cocos-BCX, COCOS, is supported by both the BEP-20 and ERC-20 standards. COCOS can be used as an investment through staking or to purchase and sell in-game assets in the game's marketplace. Cocos-BCX now allows the bidirectional trading of BEP-20 and ERC-20 tokens with the 2021 release of the Panama Project, a Binance Bridge. It also makes COCOS more interoperable with the Ethereum environment, which could help spur the growth of asset-based chain games.
COCOS is now trading at $1.48, down 4.5% from its 24-hour high. Its all-time low was $0.000188 on March 13, 2020. On November 20, 2021, it reached an all-time high of $5.44. DigitalCoinPrice predicts that COCOS will be worth $4.55 by the end of 2025, representing a gain of about 230% from its current value. They also anticipate that COCOS would reach $15.63 by 2030, up from $10 in 2029. PricePrediction likewise predicts a large increase in COCOS prices, with estimates ranging from $4.11 in 2025 to $25.09 in 2030.
Given this, it's possible that having some COCOS on hand will turn out to be a good investment. COCOS is also utilized for IGOs and staking, providing extra potential for gains. There are various upcoming improvements for Cocos-BCX that will allow for cutting-edge game creation. Via a strategic relationship between Cocos-BCX and NodeReal, one of these enhancements is an Optimistic rollup on BNB Chain to achieve high performance at low gas expenses. This will be the initial Layer 2 on the BNB Chain, with additional EVM-compatible networks like Polygon later joining it. Moreover, Cocos-BCX is evolving its offerings into a full-fledged scaling solution for web3 games.
Create a new user account on CoinUnited.io if you don't already have one. You must first fund your CoinUnited.io account with USDT in order to trade COCOS as USDT Forever. Once the fund has been deposited into your account, go to the payment section and choose COCOSUSDT as your currency.
Cocos-BCX aims to give a frictionless entry point to cutting-edge blockchain-based gaming by fostering an environment where developers can make the switch with ease and benefit from everything that decentralization has to offer. Users have greater power over the games and may make money by investing in IGO initiatives.
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