Introduction of Forkast (CGX)

Forkast (CGX) is an innovative prediction market platform dedicated to creating a new way of participation for gaming and internet culture. As a project based on Web3 and blockchain, Forkast allows users to create and participate in prediction markets around hot topics such as gaming trends, memes, popular streamers, breaking news, etc. Users can predict the outcomes of specific events based on their judgment and earn rewards. Forkast is not just a simple prediction platform; it deeply integrates into the ecosystem of gaming and digital culture. Whether predicting the release of a popular game in the future or participating in forecasting the trend of a network event, Forkast provides users with a new platform that combines entertainment and investment.

Image:https://whitepaper.communitygaming.io/tournament-software

Support and Investment Behind Forkast (CGX)

Forkast incubated by Community Gaming, which is a leading event management software provider in the industry. The platform has built-in wallets, no fees, and can automatically pay for over 50,000 events per month. Community players and event organizers can seamlessly manage their events and activities through Community Gaming’s tools. Forkast’s investors include heavyweight enterprises in the cryptocurrency and gaming industries. Well-known investment institutions such as Binance Labs, Animoca, Multicoin, BITKRAFT, and Griffin Gaming Partners are optimistic about the project’s potential, providing strong financial and resource support for Forkast’s development. With the support of these giants, Forkast has been able to grow rapidly, attracting a large number of users worldwide.

Key features and functions of Forkast (CGX)

Forkast’s core function is its prediction market. Users can create or participate in prediction markets based on popular Internet topics through the Forkast platform. For example, players can predict the popularity of a game or make predictions about the development of an important news event. In these markets, users can choose to buy or sell different prediction results to earn corresponding profits.

Free event management

Forkast’s event management system is supported by Community Gaming. It has a built-in wallet, no fees, which greatly facilitates users’ operations on the platform. Every month, Community Gaming automatically pays the fees for over 50,000 events, providing efficient and stress-free event management services for gamers and event organizers.

Built-in wallet

Forkast provides each user with a built-in wallet, allowing users to conveniently store and access assets, and engage in market trading. The advantage of the built-in wallet lies in its simplicity, reducing the complexity of third-party payments and transactions, enabling users to focus on forecasting and participating in the market.

How Forkast (CGX) is changing the interaction of games and internet culture

Forkast is not only a prediction platform, but it also changes the way games and Internet culture interact. For gamers, Forkast provides a more entertaining channel for participation. By predicting the results of in-game events, players can engage more deeply in their favorite games and events, gaining more interactive experiences. For Web3 and cryptocurrency enthusiasts, Forkast offers a platform for investing with cryptocurrency, participating in predicting future trends. In this way, users of the Web3 community can enjoy cultural entertainment while also gaining economic benefits.

Forkast also provides a platform for users who are interested in internet culture to make predictions and investments. With the rapid development of memes and online events, Forkast enables users to predict the trends of these events in real time, further enhancing their sense of participation and influence.

Forkast (CGX) Token Economics

Token Distribution

The token allocation structure is mainly divided intoCommunity total (57%) and team with supporters (43%).

Community Total (57%)

• Staking Rewards（16%）These tokens are used to reward users participating in staking, encouraging them to lock up CGX tokens in exchange for benefits within the platform, such as Loot Boxes and platform points.
• Community Airdrops (12%)Airdropped to community users to help the platform attract new users and increase community engagement.
• Tournaments/Leagues（5%）These tokens are used for rewards in tournaments and leagues, incentivizing players to participate in various competitive activities.
• Future Rewards（8%）Tokens reserved for future rewards, used for potential incentive measures in future development.
• Ecosystem Treasury (16%)Token of the ecosystem fund, used for platform operation and long-term development.

Team and supporters (43%)

• Investors & Early Supporters（31%）This part of the tokens is allocated to early investors and supporters to ensure their support for the project.
• Team（9%）The tokens held by the platform team are usually used to incentivize team members and developers.
• Advisors（3%）Token for advisors, used to reward them for the strategic advice and support they provide to the project.

Image:https://whitepaper.communitygaming.io/cgx-token-overview

Token liquidity

The liquidity of CGX tokens is mainly achieved through several key channels:

• Rewards and Incentives (Faucets)Including platform Leaderboard rewards, Forkast trading incentives, CG+ event and league prize pools, Loot Box staking rewards, etc., ensure continuous influx of tokens into the market, and promote the activity of the ecological economy.
• Protocol Revenue and Token SinksThe platform’s trading fees, CG+ subscription fees, Loot Box staking fees, etc., will generate protocol revenue and consume a portion of tokens.

Token Usage and Functionality

The CGX token has the following main functions on the platform:

• StakingStaking CGX tokens can unlock Loot Boxes, earn platform points, share Forkast costs, and participate in the governance of the future PVP ecosystem.
• Platform GovernanceBy pledging tokens, users can participate in the governance of the CGX ecosystem and vote on important project decisions.
• Loot BoxesStaking tokens can earn Loot Boxes, which contain platform points, CGX tokens, exclusive items from partner games, etc.

Image:https://whitepaper.communitygaming.io/cgx-token-overview

Conclusion: Forkast (CGX) has a unique position in the prediction market.

Forkast (CGX), with its innovative predictive market model, quickly gained favor among gamers and internet culture users. As a project incubated by Community Gaming, it not only provides users with a new entertainment and investment channel, but also has strong development potential with support from industry giants such as Binance Labs. With the continuous development of Web3 and the cryptocurrency industry, Forkast is expected to become an indispensable part of the future digital culture. Whether for gamers, crypto enthusiasts, or users interested in internet culture, Forkast provides a promising predictive market platform, and we look forward to its future development.

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