Cocos coin can be defined as the next generation digital gaming platform. It is a blockchain project built on Ethereum. The platform, whose BCX abbreviation is “blockchain expedition”, means ‘blockchain journey’ in Turkish.
Cocos coin aims to provide convenience and integrity to game developers in their transactions. With Cocos-BCX, users enjoy a new gaming experience and benefit from the advantages that the assets they obtain from the game belong entirely to them. Cocos coin focuses on the game economy as well as games and game developers. It aims to produce solutions on behalf of the game economy.
Cocos-BCX aims to create a complete working environment for games with multi-game system compatibility. In addition, the project aimed to give users full control over in-game virtual assets and to become transparent. As a result, Cocos creates a development environment with game experience and game economy in mind.
Cocos coin advantages are as follows:
- It offers a working environment by integrating digital games into the blockchain with multi-game system compatibility.
- It enables staking of tokens on issues such as blockchain governance.
- It allows singular and non-singular assets to be moved between blockchains.
- The fact that Cocos coin is listed on major exchanges such as Binance increases its adoption.
If we examine the disadvantages of Cocos coin:
- In January 2022, the platform was hacked and millions of dollars of funds were hacked by malicious actors. The platform, which has vulnerabilities in security, carries the risk of cyber attacks. Users may not be affected by this disadvantage by storing their assets in their hardware wallets.
- The relatively high volatility of Cocos coin creates risk for investors. High volatility means that an asset fluctuates over a wider range, both in the bullish and bearish directions.
Cocos coins are available on a number of platforms, especially on Binance, one of the world’s largest cryptocurrency exchanges. Examples of these exchanges are Gate.io, CoinDCX, Pionex, MEXC or BitForex.
