Cosmic Champs P2E GameFi on Algorand Launches COSG Token
COSG on Tinyman DEX and Yiedly yLaunch from April 21 2022
Cosmic Champs, the first 3D real-time play-to-earn game on Algorand blockchain, is launching its governance token Cosmic Gold (COSG) on Tinyman DEX and Yieldly Finance’s yLaunch. yLaunch is the world’s first vertically integrated staking, NFTs and listing platform for Algorand Standard Assets (ASAs). The yLaunch staking pools will go live on April 21, with the token launching on Tinyman DEX shortly before.
“We are happy to be helping launch a project like Cosmic Champs, who are paving the way for decentralised gaming on the Algorand blockchain with us,” says Yieldly Co-Founder and CEO Sebastian Quinn. “Across the world, more and more players are coming on board to play these play-to-earn games, not just for entertainment, but as a means to supplement their incomes as well. This is only likely to follow suit as the overall GameFi market heats up.”
Cosmic Champs are building their first game in a retro-future space-based GameFi metaverse where players battle in real-time with rare 3D NFTs and are rewarded with tokens for winning. On both mobile app or browser, players will battle head-to-head against their friends or the computer, and be able to compete in tournaments for greater glory and a bigger payday.
The project is driven by the governance token, Cosmic Gold (COSG ASA 1065092715), which players can generate through in-game activities and DeFi staking pools. COSG is the main mechanism for participating in the future Cosmic Champs metaverse, with 15% of COSG reserved for play-to-earn rewards, and 20% of COSG available for staking rewards.
Beyond P2E and staking, COSG will be used to participate in the game’s governance, enter NFT prize games, mint and buy NFTs, reward creators for contributing to the metaverse, and incentivise ecosystem development. It should be noted that COSG is not the game’s primary P2E reward token — a second token will launch with the game for this purpose.
“We are excited to support Cosmic Champs, the first 3D P2E game on Algorand. We are impressed by the team and the quality of the platform and can’t wait to see it live” says David Garcia, CEO and Managing Partner of Borderless.
The Cosmic Champs team have previously worked together, developing a free-to-play mobile game called Mount Frosty that is still available for Android and iOS. Many of the extended team members have also had previous experience in game development, including multiple major studio games that have millions of players.
“It’s important to us that the Cosmic Champs game embodies play-to-earn, not pay-to-earn,” says Cosmic Champs co-founder Matty Blanchard. “It will be free to download and play Cosmic Champs, and even possible to win based on superior strategy without owning NFTs. That said, there will be a lot of benefits to being part of the early Cosmic Champs community and we are excited to see our vision for a new play-to-earn model grow on Algorand.”
Background information:
- Cosmic Champs is the first 3D real-time game landing on the Algorand Blockchain, an innovative carbon-neutral chain with great potential for gaming projects.
- Cosmic Champs completed the Algorand Foundation and Draper University Blockchain Accelerator and entrepreneurship program in 2021.
- Cosmic Champs has a global team with key team members in both Europe and Australia.
- A private sale of COSG tokens concluded early in 2022 and raised $1.6M USD and was over-subscribed, led by Borderless Capital.
· Genesis season (Season 1) Cosmic Champs NFTs will contain 1400 NFTs in a total of 3D Champs and Ships, to be released later in May.
Further Resources:
- White Paper
- Play to Earn article
- KryptoNurd video interview
- Yieldly yLaunch Announcement
About Us
Cosmic Champs is a play to earn, tower rush, real time strategy game developed by gaming studio, Mad Shapes. It aims to remove many of the existing barriers of entry for typical P2E games. This means it’s mobile first and no wallet, tokens, or NFTs are required to play. These innovations position Cosmic Champs to become the benchmark for crypto games in GameFi. The game will be available in Android and iOS app stores late 2022. Cosmic Champs NFTs are the gold standard in 3D game ready NFTs on the Algorand blockchain — a carbon negative blockchain built to be sustainable and secure, and the home to the FIFA+ Collect World Cup 2022 series of digital collectibles. The native governance token Cosmic Gold (COSG) is available on all major Algorand exchanges. Cosmic Champs graduated from the Algorand Foundation and Draper University Blockchain Accelerator Program in 2021 and conducted an over subscribed private sale led by Borderless Capital.
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