Blockchain technology has created a series of radical changes in the gaming industry. Games built on this technology are more decentralized, transparent, and secure than traditional games. Those familiar with the gaming industry are aware of the piracy and cyber-attacks prevalent in the market. However, due to blockchain’s transparent structure, games are protected from such risks, and COCOS-BCX aims to attract game developers and such games to its platform.

Cocos-BCX is a platform that uses blockchain technology to make game and application development easy. It is designed to appeal to game writers and developers. Developers gain the ability to create, publish, and operate games and applications through the ecosystem. Additionally, the project offers users a token system where they can purchase in-game rewards and items with real money. COCOS is the prominent token in this system. In this article by Zatrun.com, we will examine how the project works and analyst views on the native token, COCOS coin.

What is Cocos-BCX (COCOS)?

Cocos-BCX provides game and application developers the ability to create their decentralized applications using blockchain technology. Developers can create games that are compatible across multiple devices and platforms, such as web, mobile, and desktop. Additionally, the platform provides a system where in-game rewards and items can be purchased with real money and used in other games, thereby integrating different games.

This platform also provides the ability to protect and control games using blockchain technology. It can prevent issues such as piracy or fake items being released into the market. Cocos-BCX also offers an extremely easy and flexible developer interface. This interface allows developers to create their own games and applications easily. The ecosystem, built on Ethereum, also has a scalable, secure, and interactive tool kit. As a result, games and applications can be created in a fast, interactive, and secure blockchain environment.

Cocos-BCX is a platform that operates on the Ethereum blockchain. This shows that the ecosystem is one of the largest two blockchains in the market, allowing it to be widely adopted. Since it operates in a decentralized manner, it becomes almost impossible for the system and games to be attacked. The decentralized nature of the network is managed by individuals spread across the globe, providing an extra layer of security. Additionally, all transactions in the ecosystem are transparently carried out through blockchain.

Developers can create their own games and applications in the ecosystem through a simple interface and advanced tool kit. These games are then transferred to the blockchain via smart contracts. Issues such as how in-game items are purchased are carried out through these contracts. Developers can publish their applications on the platform, and users can download them using the COCOS token.

What is COCOS?

COCOS coin is an ERC-20 token that enables the functioning of the Cocos-BCX platform. This token allows for the purchase of digital assets in games and their use in other games. COCOS coin is located on the Ethereum network and operates in a decentralized environment.

This means that when you make a transaction with the token, it is transparently recorded on the blockchain. However, like other cryptocurrencies, COCOS coin can also be bought and sold on exchanges. The value of the asset varies depending on the adoption of the project and market supply and demand.

COCOS coin is important not only for games, but also for game writers and developers. For example, developers have access to toolkits that they use to create their own games and applications with COCOS coin. In addition, the asset allows developers to market their games and publish promotions.

Is It a Good Investment?

The price of COCOS token depends on many factors, such as general market conditions, adoption, and use of the Cocos-BCX platform, and developments on the platform. Therefore, it is difficult to predict the future of COCOS coin specifically.

However, the use of blockchain in the gaming industry is expected to increase in the future, which could potentially lead to increased interest and adoption of the Cocos-BCX platform. In addition, the integration of real-world assets and the ability to use in-game items in multiple games could also contribute to the popularity of COCOS.

The asset also has launch and fundraising features called IGOs. Users can fund their favourite game projects through IGOs. Additionally, users can earn various rewards by purchasing memberships and staking their multi-game NFTs on GameFi. This contributes to the adoption of Cocos-BCX, which is currently ranked as the 258th largest project.