What is COO

Introduction to COO Token

COO Token is a digital token issued by the Cuckoo platform, based on Ethereum blockchain technology as a decentralized asset. The total issuance is fixed at 200 million, with a buyback and burn mechanism to gradually reduce the supply to 100 million, enhancing its market value and scarcity.

Contract address

https://arbiscan.io/token/0x3f3c04b2da9ea1dd8416d42fd8e14a0046eafd93

Play-to-Earn Mechanism

Users can earn COO Tokens by participating in platform promotions, game interactions, and various activities. Cuckoo platform will buy back and burn COO Tokens based on its profitability, with the burn process being fully open and transparent. Users can view the burn records in real-time through a blockchain explorer. This deflationary strategy is similar to traditional dividend distributions, aiming to increase the token's value by reducing circulation.

Platform Rights

COO Token is the core of platform operations and activities, with continuously expanding application scenarios:

• Governance and Decision-Making: COO Token holders have voting rights in major platform adjustments and changes, similar to traditional shareholders' meetings.

• Game Development Support: Through voting by COO Token holders on game studios and game types, the platform will provide corresponding support and resource allocation based on the voting results.

• New Game Incentives: To encourage new game development, the platform will distribute COO Tokens to game studios and incentivize players to participate through airdrops.

Game Rights

• In-Game Currency Acquisition: Holders can stake COO Tokens via POS (Proof of Stake) to obtain virtual currency used within games.

• Game Co-Creation: Holders can participate in voting and crowdfunding for new game content, collectively deciding the development direction of games.

• Beta Test Access: COO Token holders have priority access to the beta testing of new games, enjoying early experiences.

Through these mechanisms, COO Token not only deepens user engagement and platform interaction but also builds a more vibrant and growth-potential gaming ecosystem.