Platform Gaming

What is Cocos-BCX?

The platform for the next generation of digital game economy
Cocos-BCX’ , fully named ‘Cocos BlockChain Expedition’, aims to create an integrated multi-platform runtime environment for games, providing developers with the convenience and completeness in game development, while bringing users a whole new gaming experience, unprecedented gaming status, and with all the assets obtained in the games being wholly owned by the users.

Game Engine

Create, build, and test blockchain games across multi-blockchain platforms.

Development Environment

Cocos-BCX creates a complete development environment for blockchain games which is visual, script-based, and data-oriented.

Cocos Chain

Built for high-performance applications.

Blockchain Ecosystem and Digital Assets Ar e One of the Economic Development Dir ections with a Value Base

Since 2019, discussions on blockchains and digital currencies have gradually expanded from technology to economics, sociology, politics and many other sectors. The public are more concerned about the impact of blockchain on social development and the role of digital currency in world economic activities. Under the circumstances of bottlenecks in global technological progress, rising resource consumption, an aging population, and increased geopolitical conflicts, the government-led approach to productivity in some regions or industries is likely to change. The corresponding monetary system may also change from “government – fiat currency” to “non-government productivity organizers – multiple consensus currency”. We believe that the decentralized social forms based on blockchain technology and economic mechanism will be the outcome of production order transformation in some regions, populations and industries in some period of the future, which is the value base for the blockchain economics and the existence of digital currencies

Problems Expected to be Solved by Cocos-BCX

Our goal is to provide an improved and easy-to-use blockchain gaming infrastructure for game developers, including a visualized development kit and an on-chain ecosystem. Developers can develop blockchain games directly in a graphical way without the need to solve any blockchain technical problems, which greatly lowers the barriers and raises the efficiency.

Business and Operation

1. Complete Wallet and Blockchain Explorer

2. Iter ative Smart Contr act System

3. Multiverse Statement

4. Cross-World Item “Tr aveling”

5. Smithy Mechanism

6. Nested Props Combination

7. Props Cir culation Platform

8. Implementation of Props Cir culation Platform

9. Enhanced Permission System

10. Player Autonomy and Assets Security

COCOS ECOSYSTEM

Game

Tool

Game Runtime Environment With Multi-System Compatibility

Cocos-BCX believes the run-time environment of future blockchain game should involve the following features:

 Full blockchain interoperable interfaces;

 Transparent downward inheritance;

 Packaged atomic operations;

 Compatible with multiple operating systems.

Substantial Changes Blockchain Brings to Gaming

From a user-experience perspective, there is no difference between “blockchain games” and normal games to the players, while blockchain games may have fundamental impact on game market. Existing games are based on the business logic of “Pay for service”, that is, the users obtain game experience by individual costs of money, time and data. But based on the features of openness, irreversibility and permanent existence of on-chain data, the in-game items can be managed and transferred by the users, changing experiencing services to experiencing assets. We believe that “Pay for service” and “Buy and use assets” are totally different value propositions to the developers, publishers and players, which may form various of behaviors and business models.

These potential changes can be divided into following two types:

1. Digital content as assets. Assets are resources that are formed by past economic activities and controlled by a certain party and that can generate economic benefits in the future. Games and in-game digital content can both be deemed as assets on blockchain because of (1) technologically validated scarcity of supply. The supply of content on blockchain can be limited, assuming economic value to the content, and (2) technologically validated transferable ownership. The titles of the content are irreversibly recorded, and can be transferred under the proof of their tokens. Digital content has the rights to be possessed and its flow mechanisms, truly becoming assets.

2. Models of business type and asset pricing. Taking a domestically ranked B-level mobile action role- playing game (Action RPG) as an example: The publisher heavily promotes the game for a few days after selection, testing And Online Launch. With a short window to make profit, the developer starts charging the users after several hours of game time as they expect the lifetime of most accounts to be up to 75 day. Most players are forced to make choices between playing and paying, as they are aware that the game will not be operated over 12 months. This dynamic causes the parties to speculate on shortterm interest and therefore limits the potential lifetime value of the games, regarding the game as an asset, but unable to maximize its value. For many years, the publishers are usually blamed for impairing user experience and squeezing the profit of developers. Various technological and commercial efforts— such as HTML5 games and independent publishing—were tested to bypass the intermediary, but the industry landscape remains unchanged

Design Principle of Cocos-BCX Economy

The underlying value of our platform economy is the digital assets created by the developers using a complete set of components including Cocos-BCX infrastructures, digital rights management and assets circulation platform. Cocos-BCX economy keeps expanding, and the scale continues to grow as more assets are created, managed and exchanged.

With the grapheme-based technology and governance design, Cocos-BCX has the economic attribute corresponding to DPoS consensus. The platform is featured with non-mining, delegate consensus, low risk of forking and definable assets circulation cost, etc., which enable the developers and users to invest their major resources into the creation and exchange of digital assets, with totally low costs.

Our objective is to advance the gaming industry by solving the problems in the real world, where behavior and psychology are complex and imperfect. The economic rules on Cocos-BCX are designed to be the minimal viable tools to offer the users at maximal flexibility. Meanwhile, we aim to incorporate the existing values of the global developer community to be our governance principles:

1. Self-sustaining:

The project is sustainable with a solid business model for sustainable existence.

2. Autonomy and co-governance:

Gradually form a common decision-making mechanism between the community and a consensus-based sub-community(Eg. Ecosystems with shared multiverse) and eventually operate each other with consensus principles, and to build a framework where key decisions are made by votes to the maximum level of practicality.

3. Sharing:

Part of the community values as common wealth for community sustainability and competitiveness improvement.

4. Self-evolving:

Challenges to the community shall be encouraged and rewarded to ensure our longterm competitiveness.

Basic Use Model of COCOS Digital Assets

COCOS tokens are introduced and assumed with three objectives: (1) Medium of value exchange, (2) Proof of stake for delegated consensus mechanism of Cocos-BCX chain, and (3) Proof of participation in and governance on community activities such as bounty tasks. COCOS tokens are created in the process of consensus contribution rewards (Eg. Block generation), and developers’ assets creation, and will be transferred to the users through in-game currency/items and circulation platforms. Users and developers can also exchange COCOS to other tokens with the digital assets circulating facilities provided the platforms.

Distribution and Acquisition of COCOS Token

All participants on Cocos-BCX platform enjoy the same identity permission. Whether normal gamers or developers can create their own digital assets and generate earnings by taking advantages of the platform.

COCOS tokens can be acquired in the cases including but unlimited to:

1) Value creation, based on (A) production value. Developers are rewarded for the games and in- game items they produce. The incentives are positively correlated with the effective aggregate value of their assets, and negatively correlated with the life duration and total asset value of the Platform. The amount of value-production based incentives are capped, and (B) exchange value. Developers are rewarded if the assets they produce are traded frequently. The incentives are positively correlated to the total trading value of specific assets (including games, apps, in- game/app items). The amount of value- exchange based incentives is unlimited.

2) Contribution to the Platform community. On the early stage, we reward the participants who contribute to our community tasks (code submission, community interaction,etc.) by offering tokens. Later, we will adopt various forms such as bounty tasks and free assets (e.g. game characters giveaways) to encourage community behaviors like new function developing, upgrading, bug reporting, and platform testing. These rewards are allocated from Cocos Foundation with no limit in amount.

3) Asset circulation. Users may sell the in-game items for COCOS tokens. The supply and value of in-game items are determined by the game developers and the market. The platform does not impose rules and quantity restrictions in principle.

4) User incentives. COCOS tokens are distributed to the users who conduct effective behaviors such as account generation, trial use of new games, etc. The platform confirm the effectiveness of the incentive by analyzing users’ access effectiveness, information integrity and behavior rationality. The incentives are positively correlated to user activities (such as posting, liking and replying), and negatively correlated with the size of Cocos-BCX user base and life duration of the Platform. The amount of user- interaction based incentives is capped.

5) Rewards to consensus work and block generation on CocosChain.

Use and Consumption of COCOS Token

COCOS tokens can be used in the cases including but unlimited to:

1) Payment to the suppliers for the exchange of game development tools, features, and materials (such as the design of characters, user acquisition, etc.);

2) Payment to platform for value-added services such as functional components;

3) Purchasing game currencies or props within games or on certain circulation platforms. Based on the authority management mechanism of the platform, the developers will receive payment during every complete circulation of the game items;

4) Rewards for bounty & voting tasks in the community.

Cocos-BCX charges certain COCOS tokens on every circulation event and uses them for the development of the Platform.

Allocation of COCOS Token

83%

of the COCOS tokens are allocated for the development of our Platform initially, including but not limited to block generation reward to witness, ecosystem developer incentives, global community building, project promotion and marketing, alliance establishment, ecosystem investment, R&D, financial affairs and legal & compliance. Claiming of these COCOS includes contribution through consensus achievement, free donation, giving-away for services, and giving-away for other digital assets, etc.

17%

of the COCOS are reserved for team incentives. We expect the market for blockchain gaming and Cocos-BCX to be proven in three years. Accordingly, the token held by the team will be granted and unlocked evenly at the end of the three years, with the first vesting starts at the end of the 12th month after the token generation.