[AMA Recap] Cocos-BCX Sri Lanka Community AMA with Cocos-BCX’s Operation Supervisor, Amanda

On March. 08, Cocos-BCX had a successful AMA hosted by COCOS-BCX Sri Lanka, where Cocos-BCX’s Operation Supervisor, Amanda, answered many great questions from the community. Over 2000 people participated in the AMA. In case you missed this great event, we have wrapped up some excellent Q&As for the community to check out.

Below is a recap of what happened during the AMA.

Seg1 ✅Brief introduction about the project and we have selected 5 questions
Seg 2 ✅ 7 Best Questions asked in our Twitter post (Via Google form)
Seg 3 ✅ 3 winners from Quiz event

✅Seg1
Speaker introduction

Amanda: Thank you for the opportunity to be here on this AMA. I’m from Canada and I am Cocos-BCX’s Operation Supervisor. I’ve been working in the crypto space for several years now,been with Coco-BCX for over 3 years. Good evening,ladies and gentlemen,this is Amanda, Cocos-BCX global operations supervisor.Let me briefly introduce myself,I graduated from the University of Toronto MBA programme ranked №1 in Canada. I have more than 8 years of technology entrepreneurship and investment experience, and have co-founded several China’s leading social network companies.Also participated in several blockchain projects deeply.I am proficient in English and have a good understanding on Spanish and Chinese as well

Project introduction

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. (https://t.me/CocosBCXNews/1280)

Welcome to join in CocosBCX Global community

Twitter：https://twitter.com/CocosBCX
Medium：https://medium.com/cocosbcx
Official Telegram：https://t.me/cocosbcxen
Official website: https://www.cocosbcx.io/
White Paper: https://www.cocosbcx.io/static/Whitepaper_en.pdf
Cocos-BCX Sri Lanka : https://t.me/cocosbcxsrilanka

Q1
Q: What achievements did Cocos-BCX complete in 2020?

A: As you know Cocos-BCX has completed a series of milestones such as the Cocos-BCX MainNet has made progress in mapping, ecological Builders&Angels plan, node election policy, DApp, market circulation and global community etc. Thank you all for your support!

1. Cocos-BCX (COCOS) MainNet switchover is complete

On December 12th,2019, Cocos-BCX announced that version 1.0 of the MainNet “Kai Rinpoche” was officially launched. After 2 months of smooth trial operation, the COCOS migration from ERC20 tokens to Cocos-BCX mainnet tokens was officially launched on February 27th, and Binance, Hufu, and Bitpie wallets all completed Cocos-BCX (COCOS) MainNet switching .

2.Cocos-BCX MainNet data

On December 14th,2020,according to the latest data from the CocosABC blockchain explorer, the Cocos-BCX block height reached 16,177,694, which exceeded 16 million. Subsequently, the transaction volume of Cocos-BCX MainNet blocks reached 7,007,549, which exceeded 7 million.

3. Launch of the COCOS MainNet ecological Builders&Angels incentive plan

On March 24th, the official release of [MainNet] COCOS Ecological Builders&Angels Incentive Optimization 2.0, and in the subsequent phases, a total of 53 ecological Builders&Angels were announced in 4 phases in June, August and October respectively.Rankings and rewards of ecological Builders&Angels in third phase issued a total of 2,46,100,000 COCOS.

4.Cocos-BCX MainNet node election voting is officially launched

On May 11th,Cocos-BCX MainNet node election voting was officially launched.11 active BPs and 11 councils are voted by the community to maintain the Cocos-BCX network and ecological governance, provide computing power, bandwidth, and storage support for the main network, participate in the resolution of proposals, parameter configuration and other matters in the chain, and promote Cocos-BCX MainNet ecology to develop healthily.

Up to now, the Cocos-BCX MainNet node policy has been running smoothly for half a year, and most of the nodes and board members are participated and supported by early Cocos-BCX investment institutions.

If you are interested, please go to visit and follow instructions below:

https://link.medium.com/NRu6jVbfDcb

5. Cocos-BCX MainNet DApp is progressing smoothly

In 2020, the Cocos-BCX MainNet has launched a number of diverse and high-quality games developed by ecological Builders&Angels , such as “Crypto Knights”, “The Dragon Must Die”, “Monster World”, “Panda Games” and “Go Block”etc.Cocos-BCX Wallet & Data Zone & Block Explorer and other functions are supported by multiple parties, such as DAppReview, Bitpie Wallet, DAPPX, CrossWallet, and DAppBirds.Users can quickly experience Cocos-BCX ecological DApps, and can also store COCOS with more equipment storage selections.

6.Increased COCOS market circulation

On May 18th,COCOS was launched on the main board area of ​​the MXC platform, and the COCOS/USDT and COCOS/BTC trading markets were opened. On June 3rd, COCOS was launched in the Bikanbibi trading zone, opening the COCOS/USDT trading pair.

7.NFT layout and landing

Cocos-BCX is launched on the NFT mall. During major holidays,users can exchange NFTs obtained through purchases or games to exchange for actual festivals, COCOS and limited peripherals.The COCOS NFTs that have been implemented and started to use are: Chain Game Badge NFT, Pizza Festival NFT, Chidren’s day Lollipop NFT and Dragon Boat Festival 2020 NFT.

8. Support high-quality DeFi products

At 8 pm on September 22nd, the first DeFi+NFT decentralized AMM token exchange protocol CROSWAP, invested by Cocos-BCX Ecosystem, was officially launched.In the same period, two pledged mining projects Cocos Financial Share and 36K were also launched. On the first day, CROSWAP pledged more than 1.5 billion COCOS; on September 24th,the first DeFi project of the Cocos-BCX ecosystem, CROSWAP, locked up CFS over 2.7 billion COCOS.

9.Cocos-BCX 2020 Winning awards

In 2020, Cocos-BCX has also been recognized well by the industry, won the prize of

“The most influential public chain in 2020”,” the innovation technology award in 2020 “and “the top 100 blockchain enterprises in 2020” issued by Jinse Finance;

Q2
Q: What’s the relationship between blockchain and game? Will the blockchain be an independent game platform or trading platform in future?

A:

I will answer this question by the following three questions:

1. Can blockchain games enter the mainstream game market, or be limited to gambling games?

At present, blockchain games are mainly gambling ones. The early Apple game Slot was the biggest category, and although it has become a niche, it is still very profitable. The game released by Tencent, Let’s Catch Demons, was said to be integrated with its Consortium blockchain. And We can imagine that the demon we get in the game is a token. Assume that there are 50 million active players in the game, of which 5 million have won the high-level demons.

At this time, Tencent develops another MMO, or a card or other game that can use these demon Tokens that can exist independently in the Tencent Consortium blockchain. These demons in the users’ wallet can also be used in the new game upon login. Then, the new game will get 5 million high quality, stable players in the shortest time.

Many people worry that game developers are unable to make money through this, while it’s quite the contrary. Because it can reduce the user acquisition cost for the game, and the same item can continue to be used across different games. And with cloud games, players can easily enter the game anytime anywhere on any device, and the life cycle of the game will also be extended. In the end, game developers will benefit the most.

It can be best proved byStadia, the cloud game streaming launched by Google during GDC, and Stadia Games and Entertainment, its new first-party game studio. Google believes this will be a $10 billion business in future.

With 5G technology, the life cycle of cloud game is extended. There will be millions of active users under the single worldview, and users can easily access to the game at any time through a Twitter link. With the underlying blockchain, the value of props, characters, and even accounts will continue to rise with the potential to be traded, preserved, and value-added.

2. Whether it is to put the entire game on chain, or put the in-game items on chain?

The mainstream game market is embracing the concept of blockchain. However, the process of the mainstream game development teams learning and developing with blockchain is much slower. In gaming, blockchain is a critical supportive technology, but not fundamental for the game running environment, hardware and network.

There’s no need for the entire game to be on chain. The same is true to gambling games. The concept of random numbers in gambling games is to replace the offline gambling market with a trustable, transparent and efficient settlement of blockchain technology. This, however, is a long process.

3. If it is to apply blockchain technology to games, are there any suitable game form for it in the early stage?

Therefore, we got the conclusion that to apply blockchain technology to games will be the trend. As for which kind of games is more suitable for the application of blockchain technology, gambling is a good direction, but this is not our original intention.

Esports is not a form suitable for us by now. It is particular about timely judgements on required performance and the balance design, which cannot support the value adding of in-game items. People are looking forward to a blockchain version Minecraft, which we think is an ideal form for blockchain to be applied. However, it’s not the best option in the short term, as the open world game is one of the categories that is extremely difficult to develop. Minecraft, now, has no open economic system and trading system. It is because any kind of function addition is an increase in the development difficulty.

Q3
Q: Whats the reason for reduction plan?

If you look at the cryptocurrency network and ecological design, users in the ecosystem will not lose after reduction, but will increase the awareness of unit COCOS tokens in many scenarios.

For a public chain that focuses on the construction of game ecology, the total amount of tokens was previously set at 100 billion in order to match the demand for network endogenous currency in the virtual world of the game. The economic factors of this total amount can be referred to the previous “Number One Player” The design of the virtual society in the movie can also be considered by the demand for base currency of a single economy.

But this is the expectation in the white paper. With the stability of users’ awareness of cryptocurrency and the number of uses in ecological applications, bottlenecks appear. Adjusting the circulation and price is a necessary requirement for COCOS.

For example, to evaluate the NFT in a COCOS ecosystem, if COCOS is used as the base currency, a $1 NFT requires thousands of COCOS. If the price is in US dollars, the single price is counted to 4 decimal places.

These two extreme situations hinder users’ understanding of the unit COCOS tokens and the difficulty of settlement in mathematical calculations.

Therefore, adjusting pricing while reducing volume is inevitable and paving the way for the follow-up. It can be expected that after the adjustment, the DeFi and NFT in the COCOS ecosystem will make greater progress. For example, many defi measurement in the Ethereum ecosystem are priced in USD stablecoins, and the adjusted COCOS is easier to integrate. And COCOS plans to integrate more defi applications and use BSC to carry out technical deployment of bridges.

In fact, every subtle design change of the ecology will be manifested in the technical logic. If it is not technically obvious, then there will be a basis for thinking in the economic model. Cryptocurrency network design is a multi-disciplinary design. If you want to find the essence, you should look at the technical logic. If you want to find the cause and effect, it is best to rise to the macro level. There is no theory to rely on these designs, only to try, and the success or failure is left to the future, but the present is left to a reasonable basis for judgment.

Q4
Q: Does Cocos-BCX plan to deploy DeFi?

A: In recent months, the market value of the DeFi projects has exploded. It has caught the attention of the whole industry, and many investors have made a lot of money. As a recent popular financial concept, distributed finance has three core elements similar to traditional finance: financial assets, financial institutions and financial tools

As a complete decentralized network with complete transaction functions and asset characteristics, cocos-bcx naturally has support for defi features. Compared with the single direction of defi project , Cocos-BCX has a stronger financial asset form, more efficient on-chain funds and Governance institutions and financial tools with the same experience level as traditional finance,The game field with the delivery and use of digital assets as the main form of circulation is even more suitable for defi, which may be the birthplace of the ideal distributed financial form.

The Cocos-BCX team will continue to pay attention to the news in the industry. We aim 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.

Q5
Q: What is Cocos-BCX’s plan for the second half of 2021?

A:
Some time ago, we have announced the Cocos-BCX plan for January-July 2021. The COCOS asset will be sailed to Ethereum and gradually start the age of empire, as follows:

• From October to November 2020, the COCOS Community Earth Dotted Project is launched
• From December 2020 to January 2021, COCOS Token is deflationary
• From January to March 2021, COCOS ecology will transfer flowers to BSC: BSC Binance Smart Chain Ecological Product Development 1.0
• From April to June 2021, the “COCOS Grand Navigation” plan Layer: 2 and ETH ecological product expansion 1.0
• After April 2021, “COCOS Civilization” project: Blockchain games continue to output
• After July 2021, “COCOS Empire Age” plan: BSC expands in ETH ecological products

✅Seg2

Q1. What do you expect by entering COCS BCX to NFT market. What are the future plans regarding COCOS NFT market?

This is a very good question. We are expecting to combine NFT and DeFi to explore more game plays, key in NFT concept to catch trend,meanwhile, add liquidity as well. We now have launched New Bounty COW:https://bsc.cocosbcx.io

We are planning to start COCOS mining in short future. Stay tuned.

Q2. Hello team , which market place will support on COCOS NFT selling? Is there are any guidance on this ?

Hi, thank you for your question. Now you can trade your NFT on Treasureland NFT Market (or you can do OTC as well,just need to be really careful of scams)

For Treasureland NFT selling tutorial ,please read following link:

https://link.medium.com/3WctcMTLreb

Q3.Dear Sir , Currently the cocos-bcx bounty web site ( https://bounty.cocosbcx.io/ )is not working. This Bounty site has been down for over a month now. so i can’t get the amount of cocos in my bounty account. Do you have an idea to update this web page and bounty program again ? When will it be implemented again ?

Thank you for your question. The old Bounty has finished a while ago and unfortunately now you wouldn’t be able to receive it if you didn’t withdraw on time. Old bounty site had been open for one extra month just for withdrawing request. We did give notice ahead of time, however, you can join our new bounty COW:https://bsc.cocosbcx.io or join our Official English Group :https://t.me/cocosbcxen for Every Friday Crossword Games

Q4.
-Increase the Token price
-Create Valuable Tokens
-Building Community Trust From the 3 aspects above

I want to ask, … Which one is most important to you?

If all of the above was important to you … which one would you do first ??

Generally speaking, instead of just pumping price, we would consider to create valuable tokens and build community awareness and trust would be first hit .

As we all know, price is upon market, and we wish to have users who understand and really support us by our side. We are working down to earth to be a better COCOS with everyone.

Q5.What is the maximum time for COCOS farming? And what percentage. Will I receive Bonus once a day?

Right now first time period of NFT mining (staking)is for one month, and for sure there will be more modules coming right after. You can receive it next day, but for just one day, it might not be that much. For calculation rules, Each level of COCOS NFT has different computing power. The higher the computing power is, the higher the mining efficiency is. Total output = COCOS Nominal value * mining efficiency

Q6.Many new projects made a good impression at first but were suddenly abandoned. How will you manage Your project to gain a place in the market and become a better token in the blockchain world? At the moment , where you are focusing right now ?

As COCOS has been in Market for past three years, we have been deliciated to build a better token every year. In Crypto world, there are a lot of sudden zero value tokens, but for us, it’s a different story. We are mature and have a complete system, more trustworthy with more experience and related background more than just price pumping new project. We are now trying to expand to other mature chains ecologies such as ETH, BSC, nevertheless we are making it work.

Q7. Unemployment was a big problem globally. After Covid, this problem grew even more, of course, $COCOS cannot be expected to solve it alone. So how will $COCOS solve or help unemployment?

This is a very good question. For 2020, most of us just wanted to survive, it’s very hard. We all understand.

That’s why we encountered our Ecological Builders&Angels Incentive Plan 3.0,now it’s shorter time period and no threshold, more welcoming everyone to join us worldwide.

For more details, please check following link:

https://link.medium.com/u21h8CFNreb

Hope this will help a bit who needs help.

✅Seg1

1. Cocos-BCX has a live programmable MainNet that relies on?

a. Delegated Proof-of-Stake (DPoS) consensus mechanism

b. Proof-of-Stake (PoS)

c. Proof of Work (PoW)
Answer : a

2. The Total Number of Cocos-BCX MainNet Accounts Has Exceeded

a. 1000

b. Below 1 Million

c. Between 1 Million -1.2 Million

d. Above 1.2 Million
Answer : d

3. The total supply of cocos?

a. 100,000 Million

b. 100,00 Million

c. 100,0 Million

d. 100 Million
Answer : d

Thank you !

About Cocos-BCX
Website：https://www.cocosbcx.io/
Weibo：https://www.weibo.com/u/2183715773
Twitter：https://twitter.com/CocosBCX
Reddit：https://www.reddit.com/user/cocos-bcx/
GitHub：https://github.com/CocosBCX
Medium：https://medium.com/@CocosBCX
Telegram EN：https://t.me/cocosbcxen
Telegram CN：https://t.me/CocosBCX
Telegram Vietnam：https://t.me/cocosbcxvietnam
Telegram Russia: https://t.me/cocosbcxru
Telegram COCOS Blockchain Games: https://t.me/COCOSBlockchainGames
Facebook：https://www.facebook.com/cocosbcx/
Discord：https://discord.gg/jdJMNtC
Developer Document：https://cn-dev.cocosbcx.io/
COCOS Bounty: https://bounty.cocosbcx.io/
Cocos-BCX Blockchain Explorer：https://explorer.cocosbcx.io/

Telegram (SL): https://t.me/cocosbcxsrilanka
Twitter (SL) : https://twitter.com/blockchainsri