Cure WorldCosplay has
boomed over the period alongside their auxillaries such as photographers, prop-market
etc. In fact, they are supporting 12 languages where more than 720,000 members
from more than 180 countries post their quality works, 6.5 million images and
counting. A lot of people are following them on social media worldwide every day.
Being the largest Cosplay
platform in the world, they have emphasized so much on the community
development. They work closely with photographers, prop-makers, etc to make
things happen. Despite this enormous improvement in the Cosplay world, there are
lot of challenges confronting, the photographers, their fans, and even the
platform itself.
The
question is how can this problem be solved?
The resolve to confront
the problems mentioned before gave birth to modalities used in tackling the
problem with power of block chain technology. The platform announces its ICO as
a first step to building a Tokenized Ecosystem, with their own token called Cosplay
token (COT), which is to become defacto currency of Cosplay economy.
What
challenges in cosplay are targeted at in tokenizing the platform?
One is a harmful effect
not having settlement account of player, which makes many of them find it very
difficult to get paid after performing. Sharing of consent revenue is another
big challenge. Players have not been able to receive their legitimate reward
due to lack of formidable rewarding system.
Thirdly, the lack of transparency
in trust and evaluation and others are inimical to the growth crypto
currencies.
To solve the
aforementioned problem, cure world cosplay also introduced two types of tokens
which are cosplay Token (COT) and cure play coin (CPC).
The COT will be used to
settled participants in CW ecosystem and used as a reserve for token newly
issued by players and will function to secure CPCs value. While CPC is token
used for creating added value by each participant economic activity. Anybody on
cure can issue CPC freely, so tokens are of various values both high and low
will be circulating on cure world cosplay (CW). The token is smart contract
compliant. They adopt Bancor protocol on determine token price using smart
contract because of liquidity, predictable price fluctuation and low volatility
(about.banco.network). The economic activity accompanying COT issuance has
three parties. They are;
Ø The
players (photographer, cosplay, etc.)
Ø User
Ø Angel
investors (those who support upcoming cosplay financially)
Service
and token flow:
Player who wants to
provide services or start a new project through CW will be issuing and selling
their own CPC.
The steps involved are
shown in the white paper. The benefits of each of the parties are:
1. The
players gain new revenue through the issuance at sale of CPC.
2. The
users will have unique experience only for CPC holders.
3. The
angel investors enjoy financial return from rise in token price from
discovering and supporting new talent.
The future initiatives of
by the platform are:
Issuance of digital
membership so to help protect players works.
Measured against illegal
images will be taken.
New ways to enjoy cosplay
(use of 2.5 dimensional stages in events such as TOKYO GAME SHOW), language
support, e.t.c will be introduced.
ICO:
Maximium Tokens issued are
1000000000 COT at the rate
of
1 COT for 0.0001 ETH.
400,000,000 COT will be used
for ICO.
The allocation of token is
such that 20% goes to liquidity and operations, 20% for founders, 20% for
partners and 40% for token sale (ICO). 20% will be used for development, 50%
for operation, 10% for PR, marketing, 10% for bounty payment/reward and 10% for
legal advisers.
The
team
The team that built up
this platform comprises of Jurichiro Kawai, president (CEO), Tatsumi Inui, RP,
Tomofumi Yoko Yama, community, Yuuki Iwasaki, marketing, and host of others.
Invest and be part of this
platform so that you can recover your unsettled rewards as a player and make
profit for trading your CPC s a user, and enjoy great reward as an angel
investor.
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