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;
The players (photographer, cosplay, etc.)
User
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:
- The players gain new revenue through the issuance at sale of CPC.
- The users will have unique experience only for CPC holders.
- 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 are1000000000 COT at the rate of1 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 teamThe 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.FOR MORE INFORMATION VISIT
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