Cocos:Developing dApps and Assetizing the Digital Space Through Gaming

The Blockchain space and digital assets have gained traction worldwide, in different sectors.
This has given rise to dApps like gaming, which happens to be an example of the many fields with potential for growth. An example being its large influx and presence of developers and enthusiasts, its tendency to be capitalized on, etc.
The goal of Cocos-BCX (Cocos Blockchain Expenditure) is to create a simplified blockchain gaming framework where the game creators will be provided with a clear scheme development tool and an on-chain system, where they can easily create blockchain games using a graphical route, without having to follow the complex blockchain technical system. This will make certain that the barriers normally faced at this point of blockchain game development are broken, and more opportunities are created for blockchain developers.
The aim of Cocos-BCX is to make availability a transparent gaming platform to gamers, where they are assured of an open and fair gaming environment where background controls are not carried out, and everything is out in the open for them to follow along. Their assets and growth in the game would also be stored in a permanent and decentralized process.
While carrying out these goals, the platform plans to include an economic model, where both developers and gamers can earn for whatever activity is carried out.
The developers would have a safe space where they can share their works, monetize and assetize it.
The developers would have a platform to share their works and earn income and assetize the contents they create. Users or gamers, on the other hand, will be compensated for the time and energy spent enjoying the games, which will be stored as assets which they can exchange for rewards.

Token Status of COCOS

The COCOS token has three main objectives; one of them is that it is the source of exchange for the platform, the second being the proof of stake for the delegated consensus mechanism for the platform's chain, and the last being the proof of participation/governance.

The token symbol for the COCOS token is COCOS, its consensus mechanism is DPOS, and has a total supply of one hundred billion. It runs on the ERC-20 and BEP-20 smart contracts.
This supply of tokens, which remains constant, will be launched under the Ethereum platform as an ERC-20 protocol. Once CocosChain is launched, users can now convert their ERC-20 COCOS to the native COCOS under the ratio, 1:1.

Use cases of COCOS

It can be used as a form of payment to the suppliers for supplying game development tools, features, etc., to developers.
It can be used to purchase some features in the game.
COCOS can serve as a reward for bounty and voting activities in the community.

Allocation of COCOS

The allocation of COCOS token is shared into two sectors.
The first sector; 83% of Cocos-BCX is shared to

support the platform's development and growth. It would also cover project publicity and marketing.
The remaining 17% will be allocated to the platform's team which will depend on a lock system to prove the innovation of blockchain gaming and Cocos-BCX over the length of three years.

Staking
Rewarding pool

A rewarding pool was established by Cocos-BCX for solely active users and early COCOS supporters. This rewarding pool will be used to reward them for their participation and dedication to the platform.
$120,000 COCOS will be kept aside for this purpose monthly.
50% of this figure is allocated to the mining pool of every division, and the remaining 50% is handed over to the division, which will be built around their computing strength percentage.

Incent extended staking
COCOS employs a different and unique staking approach. Instead of stakes to be made in typical tokens, users can stake their assets through NFTs, which would need to be frozen over time.
For staked NFTs, large staking tokens will possess better administration privileges and computing strength.

Origin of income

When a gamer joins the team, they can stake COCOS first-hand or mint the COCOS into NFTs, of which they can now subsequently stake in their own time.
The squad's Captain will be compensated with 10% of the entire proceeds of that division's mining pool.

Squad-building guidelines

Once you store Heroes NFT, you can form a team with other members and become the squad's Captain by pledging NFTs. Examples of Heroes NFTs include; Chaos hero, Icy hero, etc.

Bonus guidelines

Members at Cocos-BCX can benefit from the rewards by depositing their NFTs. The efficiency of the bonus will depend on the member's collateral's computing strength. Rewards will be disbursed according to how high one's computing strength is, which would mean higher bonus for such a person.

1 COCOS = 1 Power

Mining capability

As long as the deposit period is set for less than a week, users can withdraw 10% of the issued returns to the rewards pool.
The leader of the squad, called the Captain, will be awarded 20% of the squad's final proceeds, and the Hero NFT, used as the squad's proceeds, and not deposit costs.
In a case where the Captain of a squad pulls out, it means the Hero NFT ceases to be the squad's collateral. The Captain's returns will also not be functional anymore.
As a result, the Captain's squad members will be disqualified from subsequent phases of returns.

Summary

A decentralized framework called Cocos-BCX that enables GameFi and the Metaverse connects more creators to the cryptocurrency market through GameFi incubation, financing, dissemination, IGO, and other creative means. Leveraging on the sizable game creator's connection, Cocos-BCX will constantly pioneer a fresh method of crypto displacement via content creation.

Conclusion

The Cocos-BCX platform hopes to lay out an uncomplicated way for both developers and users to enter into the blockchain gaming world. This will ensure that they enjoy the full benefits provided by decentralization.
For users and developers alike, there are no earning restrictions as both groups are equally important to the growth of the platform.

For More Information Visit :

Website : https://bit.ly/3MIX2PC

Whitepaper : https://whitepaper.io/document/614/cocos-bcx-whitepaper

Twitter : https://twitter.com/combonetworkio

Medium : https://medium.com/combonetwork

Discord : https://discord.gg/combonetwork

Telegram : https://t.me/COMBONetworkio

PUBLISHERS DETAILS :
Bitcointalk Username : Ebewah
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2835164

Bep-20 Wallet Address: 0x940f53050143Be5F78B90B6239Ae6f0deCf75702