The CGX token is an ERC-20 token representing governance and utility functions within the CG ecosystem. It offers two primary utilities: staking and governance.

Staking unlocks several benefits, including:

Players who stake CGX will earn Loot Boxes each week. Loot Boxes can be either Bronze, SIlver, and Gold, containing different amounts of:

Each Loot Box is deployed as an independent proxy contract via the LYNC Loot Box Creator contract. By staking additional tokens for extended periods, users can earn higher-tier Loot Boxes.

To ensure fair randomness of Loot Box rewards, we have integrated the Supra random number generation (RNG) service. This architecture enables flexible prize configurations while minimizing the costs associated with generating new Loot Boxes. 

Historically, many companies have employed misleading marketing tactics that create the illusion of increased chances for acquiring rare items, ultimately to the detriment of players. To address this issue, CG Loot Boxes will feature public probability disclosures, enhancing transparency regarding the drop rates of different items. Looking ahead, we will enable community voting, empowering token holders to influence the contents of Loot Boxes. Inside your staking dashboard is where you can stake and unstake CGX as well as open Loot Boxes.

The CGX ecosystem fosters value-sharing among tournament players and organizers, prediction market traders, and stakers. Through use of the CGX token, the system balances player rewards and platform revenue, ensuring sustainability and longevity while providing numerous opportunities for user progression and rewards.

Faucets: These ensure a consistent flow of rewards and incentives, stimulating economic activity and engagement. Key reward faucets include:

Sinks & Protocol Revenue: Token sinks generates revenue through: