CGX Token Overview

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 benefits staking unlocks several benefits, including unlocking weekly loot boxes earn forkast platform credits create new prediction markets access to cg+ tournaments & leagues participation in future pvp ecosystem governance loot boxes players who stake cgx will earn loot boxes each week loot boxes can be either bronze, silver, and gold, containing different amounts of platform credits (pc) tokens rewards or items from partners provably fair loot boxes each loot box is deployed as an independent proxy contract via the lync https //docs lync world/products/evm lootbox sdk 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 https //www ign com/articles/maplestory nexon loot boxes korean ftc , 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 token flows 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 leaderboard rewards trading incentives cg+ tournament prize pools loot box sinks & protocol revenue token sinks generates revenue through platform fees (prediction market & tournament platform) cg+ tournament passes staking to access loot boxes staking to access additional platform rights pvp docid\ fmv tkirqtobvhfck 9nt quests & payments docid\ duwrlx6ycsdq7 ykhph9m forkast prediction market docid\ mo5r7as69y3z7fpbtkxyw tournament software docid\ hjp9prmtvpas2nf9iqq8p gamerid docid\ uuivybs3rmsdgqe6zo2f0 appendix docid\ plhqjatrhx719ce0n8dtu