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Blockchain Gaming has been the coming of age of two divergent industries. Gaming has seen the rise of a revolutionary foundational system, one that moves on from a single limited gaming-verse to one that can be built based on the preference of the users. Blockchain has seen an outgrowth from the overarching shadow of the cryptocurrency world and now resurfaces as a revolutionary distributed system of its own.
Cocos-Blockchain Expedition or Cocos BCX is looking to spearhead this dichotomy of technology and competition to bring a never-before-seen system of gaming via the blockchain. A platform for developing decentralized applications [DApps] and in-app digital assets via the blockchain, Cocos is looking to develop an ecosystem with a plethora of games and provide freedom to developers in order to herald the complete gaming experience.
Having over a decade of experience in the gaming world, Cocos aims at building on that expertise in their blockchain venture. Originally formed in 2008 as a game development engine for mobile applications, Cocos supports all forms of game development, PS4, Xbox One, and PC. Over the years top-notch game developers including EA, Zynga, Ubisoft and more have been customers of their engine.
Dominating markets in Asia, South America and Eastern Europe, Cocos notches up over 1.3 million developers worldwide. As the gaming world soon became a mainstay on social media platforms, Cocos began to transition. In 2018, the Cocos Tools and Engine took the top spot in terms of utilization rate on Facebook and WeChat respectively.
Their public blockchain is titled CocosChain and operates on Graphene a Delegated Proof of Stake [DPoS] system which can support quick transactions on the network. Smart Contracts on the system will be created via a Visual Integrated Development Environment [IDE] so that developers can follow a seamless path and the game engine will allow interoperability among other public blockchains.
Cocos has put a significant emphasis on placing importance on “light-weight” product structure, to allow a host of platforms the ability to support their service. The platform places importance on being open-source, providing a free and equitable environment for game development which acts as a catalyst for the growth of small and medium sized team to curate lightweight games, while still maintaining the threshold of high speed, high quality, and low cost.
Industry cost also portrays the economic viability of the Cocos ecosystem. Engineers proficient in the BCX space cost companies’ 38 percent less than your average experienced Unity engineer. In the highly competitive Chinese gaming market, Cocos takes the top spot in game engines, holding 45 percent of the mobile gaming market and over 50 percent of the instant gaming market. With the Chinese mini-game market turnover looking to post $3 billion in 2019, Cocos looks to plant a foothold.
With the launch of the Cocos TestNet program in December 2018, the platform also set up a Developer Program offering 30 spots to Chinese developers to test on the Cocos-BCX TestNet.
Several top companies like Huawei, OPPO, VIVO, Samsung have voiced their support for the instant gaming industry, adding further impetus to the Cocos project, with their engine supporting these companies’ products. Cocos has managed to ink partnerships with a multitude of companies across a range of spectrums. Platforms partnered with Cocos include, Tencent, Facebook, Google, Microsoft, Samsung and more, the International Developers integrated are Nintendo, Line, Miniclip, and Bandai Namco.
Given this strong foundation in every section of the gaming industry, Cocos veered into the Blockchain realm in 2017, primarily for two reasons. Blockchain Gaming is a diverse field, a specialist would be out of their depth in this field, but Cocos with its expertise of “preliminary preparations” and enormous technical know-how of the gaming world, can handle the waters.
Secondly, with the transition of the gaming world to an asset-based system with the ecosystem of the game in question, Cocos’ revenue model is propelled by the system of subscription where in-game props will hold tremendous value and importance. This system has formed the backbone for many notable games like Fortnite and Playersunknown Battlegrounds [PUBG].
Games built to mimic an economy need to be woven with an intricate blockchain system, one which Cocos BCX fulfills on two fronts. The platform introduces the principle of high system response and trustable randomness that has already been successfully implemented on Cocos Shooting and Happy Fruit on the platform, with certain elements within the game executed via smart contracts.
The blockchain will also see the use of a native token, titled the COCOS token. This token will be used as a medium of exchange for rewards, payments, and trading, to adhere to the DPoS thereby staking on the chain, and for voting on Cocos-BCX. The platform has confirmed that these tokens will be ERC20 tokens with 100 billion offloaded on launch, Acquisition will be on the basis of rewards, on completion of community tasks, sign-ups, trials and block production on the CocosChain. The platform has confirmed that no public sale of the tokens will be made.
Once the platform had solidified its hold in the blockchain-gaming realm, Cocos-BCX introduced BCX-NHAS-1808 in August 2018, which it describes as a non-homogeneous digital assets standard. This standard is variable based on the development within the gaming industry and improves based on the current NFT record. The NHAS 1808 also furthers high extendibility to the digital asset in the game and allows inter-games asset transfer. A mere two months after the launch, Cocos integrated additional services like leasing and collateralized mortgages on the digital assets standard.
Cocos has also penned collaborations with established public blockchains like TRON, Neo, Ontology, Zilliqa among others. These partnerships will allow their NHAS-1808 standard to be widely distributed and the digital assets network is cemented far beyond a standalone network.
Blockchain networks like Tron and Loom Network are potential rivals to Cocos BCX, however, the latter holds its own against them. Owing to its improved DPoS system, and shorter block generation period, the computational process is eased. Cocos BCX also provides internal source randomness input which the others fail to provide. Furthermore, ongoing developments have increased the pool size to support models of collateralization, leasing, and pawning of assets which is unsupported in the other two networks.
Three primary adversaries to the Cocos system, in terms of blockchain games, are Enjin, the Singapore-based blockchain gaming. Furthermore, Enjin has also tied up with Samsung to integrate its gaming model on the latest Galaxy S10. BitGuild another top blockchain-powered gaming company also aims to build a gamer community that can be tied through the economic-mirroring model of the blockchain. BitGuild’s prowess is further boosted by its strategic cooperation with Tron to expand online gaming. The Moscow operated Playkey is also a top competitor to Cocos, operating on a cloud gaming portal with over 500,000 paying users.
With a successful 2018 wrapped up, Cocos-BCX plans on building a complete digital assets exchange for their users and developers to trade within the respective game and also integrate the exchange on the game. A full swath of essential tools will also be added in time, to build a complete ecosystem around the blockchain.
This exchange will allow users of different games to not only interact with each other but also exchange digital assets and tokens via the Cocos BCX digital exchange operating on the blockchain. In-game items like skins, weapons, vehicles could make their way onto different games and the DApps built on the blockchain could exchange items between each other via their exchange.
Sooner or later, the gaming world will expand its ecosystem from a single-game, single-mission approach to one that provides a range of opportunities, both for gamers and developers, thanks to the Cocos BCX blockchain games.
Check out this video for the review of Cocos BCX
Bibox Exchange: Four projects to be launched in first phase of Bibox Orbit!
The cryptocurrency ecosystem is exceptionally volatile and the market is highly speculative with regards to price hikes and predictions. The winter of 2018 witnessed a period of extreme bearish outbreak when the total market capitalization of the global virtual currencies fell to $112.1 billion. In comparison, the market was worth $760 billion in early 2018.
Considering this, the importance of cryptocurrency exchanges has been widely recognized and is one of the fundamental aspects of the global assets industry.
Bibox, a crypto-exchange registered in Estonia is one of the largest crypto-exchanges in the world. Bibox exchange is well-known for its user-friendly interface and stands out amongst its competition for its extreme reliability and efficient functionality.
The exchange recently made a major announcement and stated that the crypto-platform would be launching its Initial Exchange Offering [IEO] platform, known as “Bibox Orbit” at 10 am on April 22nd,2019 [GMT+8]. According to the official statement, the key objective of the exchange is to promote and launch the development of high-quality decentralized projects on its platform.
Bibox Orbit is basically a token launch platform which was created with the sole intention of developing quality decentralized projects. As a leading global assets trading platform, Bibox Orbit will be completely focused on boosting premium decentralized projects so that they are able to raise capital and remain sustainable for long-term development.
Introducing the First Phase of Bibox Orbit and 4-Quality Projects:
Bibox announced that the first phase of Bibox Orbit would be officially launched on 22nd April 2019 [GMT+8] and they also mentioned the inclusion of four quality projects for the users to purchase into development after its launch.
The projects are mentioned below:
The Force Protocol [FOR]
The Force Protocol is an open-source blockchain platform that provides crypto-financial solutions to developers with an aim to improve the virtual assets market. It is based on the mainstream public chain system and the under-layer standard data network of protocols. The project would offer solutions for financial needs such as cross-platform assets transactions, shared trading volumes, cross-chain communications, multiple blockchain crypto-assets collaterals backed stable coin issuing, token bonds issuing, on-chain payment, settlement, and clearing of transactions, among others.
Ludos, a Singapore-based distributed gaming ecosystem solution, aims to turn blockchain games into reality and release a decentralized gaming sphere and incentivize the platform. Gamers would be able to manage and trade their gaming assets on one hand, while on the other hand, they would also be able to manage game crowdfunding. The core team members of the project are from Columbia University, Carnegie Mellon University, Peking University and other institutions of higher learning.
Staking is a decentralized asset management entity which aims to create a transparent decentralized management platform that is efficient, secure and allows investors to safely stake their capital. The platform provides an ecosystem of a Proof-of-Stake [PoS] mining pool and a detailed infrastructure for the Decentralized Finance [DeFi] market.
Additionally, the platform owns one of the most secure databases in the world as system infrastructure. The core team is composed of experts from Tsinghua University, Columbia University, University of Toronto, and other world-renowned universities.
X-Block, a computing framework is the world’s first blockchain based entity for fog computing. In comparison to other traditional cloud computing platforms, users would be able to access more services at a minimal cost with the X-Block Fog computing services.
The members of X-Block cover digital asset investment, network security operation and maintenance, distributed computing, financial consulting, fund management and many other fields. X-block was promoted by DFG, a well-known Silicon Valley investment institution, and had received a strategic investment from Kosmos Capital, a top Australian investor institution.
Why is Bibox Orbit Launching Four Projects together?
Aries Wang, the Co-Founder of Bibox Exchange, explained the motivation behind launching four projects at the same time. According to Aries:
“People are curious why we have chosen to launch four projects simultaneously. Firstly, It’s not a simple decision, these four projects were picked out from hundreds of applicants. They are diversified but outstanding. Apart from their understandable token economy and innovation in blockchain technology, our listing team is also impressed by their professional experience in varied industries and their backed capitals.”
He also mentioned that the launch of four qualified projects together would increase the user’s opportunity to win the lottery, also it would give investors multiple alternatives to choose their preferred area. The launch of multiple projects on Bibox Orbit proves the exchange’s mission “Quality & Diversity”.
How to Participate?
After a collective consensus between all the parties involved, it was decided that the first phase of Bibox Orbit would determine the personal pre-purchase amount of BIX holders via a random draw. This implied that participants involved would experience maximum fairness and equity and it would allow more users to participate in the projects they like.
- Pre-Purchase Start Time
The first phase of Bibox orbit is going to have four projects available for the participants to purchase at the same time.
The timing of the purchases are:
- Pre-Purchase Start Time：April 22 10:00 GMT+8
- Pre-Purchase Stop Time：April22 17:00 GMT+8
- Drawing Time：April 22 20:00 GMT+8
- How to purchase?
On the Bibox exchange, BIX in the only token validated to be used for pre-purchase investment and payment in the projects. There is no minimum limit for the BIX holding amount, but the maximum amount that can be stored should not cross the threshold of the BIX equivalent of $5,000.
1. participants of Bibox Orbit must complete KYC real-name authentication first.
2. Sub-accounts are not allowed for Bibox Orbit.
3. Users in areas prohibited by law are not allowed to participate in the event.
4. During the pre-purchase period, Bibox shall have the right to disqualify the applicant if it finds any cheating behavior such as false authentication information or repeated KYC.
5. Bib has the right of the final interpretation of the rules.
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