COCOS BCX (COCOS)
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COCOS BCX current price is $0.761 with a marketcap of $50,879,034.00. Its price is 1.22% up in last 24 hours.
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What Is Cocos-BCX?
The Cocos Foundation created Cocos-BCX, a platform for the next generation of the digital gaming economy. Known as the 'Cocos BlockChain Expedition,' the project seeks to create an integrated multi-platform runtime environment for games, offering developers convenience and completeness in game development while providing users with an entirely new gaming experience, unprecedented gaming status, and complete ownership of all assets obtained through games.
What Does It Do?
In order to provide a fair, open, and transparent gaming environment, the project aims to eliminate item drops produced by behind-the-scenes manipulations and annoying consumption, as well as item drops induced by revulsive consumption. Players may optimize their gains by storing their assets in a safe, decentralized, and everlasting way.
Games Developer Focused Platform
To ensure that games developers get a consistent benefit for their work, this platform uses the Blockchain Economic Model of Digital Assets to power the Cocos BCX Blockchain. It is the purpose of this project to help game creators with their content to make sustainable revenues from the usage and administration of the content assets, as well as to offer simple and decentralized distribution channels for the games.
The Cocos-BCX Platform has the potential to assist in the transition of the gaming industry from a fee-based to an asset-based business model. Three goals are established and assumed for COCOS tokens: to serve as a medium of trade, to serve as proof of stake for the delegated consensus process, and to serve as a proof of involvement in and control over community activities such as reward jobs. When stakeholders work together to accomplish a shared goal of digital asset appreciation, the platform has the potential to enhance the total value proposition of the gaming business in the long run, according to the developers.