Combo Network - Cocos-BCX Web3 Game Scaling Solution Reveals New Name and First Batch of Ecosystem Partners
Introduction.
Cocos-BCX transforms as a COMBO in branding upgrades to usher in a new era of Web3 gaming innovation.
Along with the increasing age, the development of internet technology is also increasingly sophisticated. Various new technologies such as metaverse, crypto, bitcoin, to Web3 are increasingly being echoed.
Some technology experts even predict that Web3 will be the latest evolution of the internet that is able to understand all the desires of users. Web3 can also be interpreted as data that is connected to each other in a decentralized way. This means that most of the user data will be stored in a centralized repository. Since the network operates in a decentralized manner, the existence of Web3 is closely related to blockchain technology and cryptocurrencies.
Blockchain networks operate in silos, with limited ability to interact with each other, resulting in fragmentation and inefficiency. Fortunately, there is a solution to this problem. More businesses are turning to blockchain to eliminate data silos, solve related dysfunctions and improve their operations. With this, COMBO Network aims to solve this problem by creating a multi-chain ecosystem that allows seamless communication between different blockchain networks. As the Web3 gaming space continues to grow and develop, platforms like COMBO will no doubt play an important role in shaping the future of the industry. With its focus on innovation, accessibility and community engagement, COMBO is well positioned to drive mass adoption of Web3 games and empower developers and investors to unlock the full potential of this exciting and fast-growing space.
Project Detail Summary - COMBO NETWORK ex Cocos BCX
What is Combo Network?
COMBO Network is a decentralized multi-chain interoperability platform aimed at connecting different blockchain networks. The platform provides a solution to the fragmentation of the blockchain industry, allowing different blockchain networks to communicate and interact with each other. COMBO Network uses a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS) to ensure secure and reliable transaction processing.
The COMBO project has a lot to offer both experienced crypto investors and newcomers to the field. With features of decentralized exchange, liquidity pool, yield farming, and staking, it provides a comprehensive ecosystem that supports multiple users and use cases. As with any investment, there are always risks to consider. However, the team behind COMBO has taken steps to mitigate these risks, focusing on safety, transparency, and community engagement. Furthermore, the project has gained traction in the market, with a growing user base and partnerships with other leading projects in the space. Overall, the COMBO project offers an attractive investment opportunity for those interested in the evolving world of decentralized finance. With its unique features and commitment to building a strong and engaged community, it is well positioned to continue to capture the market and deliver value to its users.
Combo Network Mission
COMBO will be participating in a summary of Layer 2 answers on Web3 and game scaling. Layer 2 placement has made considerable headway with ImmutableX and Polygon, making the Ethereum environment bigger, but without the gas charge war. COMBO provides comparative help for Binance Shrewd Chain in a versatile way in game speed and application usage. The COMBO toolset has been around since around 2017, providing crossovers and similarities to existing blockchains. COMBO also works with most of Web3's information-driven centers, as well as security pioneers such as Certik. The COMBO instrument is viable as well as Trust Wallet, Binance passthrough of tokens, NFTs, and Math Wallet.
COMBO will start with a new way of dealing with Web3, showcasing new images and devices at the Hong Kong Web3 Celebration. The ultimate goal is ambitious: achieve mass onboarding of Web3 clients. COMBO offers an idealistic rollup that offers a level of customization specifically suited to your game. Towards the end of April, COMBO plans to submit its instruments to the test network and later make them available to designers as a live selection.
How the COMBO Network Works
The COMBO network works using a combination of technologies, including atomic swaps, liquidity pools, and brokerage contracts. Here's how the process works:
User A wants to exchange Token X on Ethereum for Token Y on Binance Smart Chain.
User A sends Token X to the COMBO Network's liquidity pool on Ethereum.
The COMBO Network liquidity pool on Ethereum sends an equivalent amount of X Tokens to the liquidity pool on Binance Smart Chain.
User B on Binance Smart Chain sends Token Y to the COMBO Network liquidity pool on Binance Smart Chain.
The COMBO Network liquidity pool on Binance Smart Chain sends an equivalent amount of Token Y to User A's wallet on Ethereum.
This whole process happens smoothly and quickly, allowing users to transact across multiple networks without any hassles.
Advantages and Use Cases of COMBO Network Enhanced
Interoperability: COMBO Network offers upgraded interoperability, and that implies that it is easier to move assets and execute savvy contracts across various blockchain networks.
Increased Efficiency: The platform's capacity to interface different blockchain networks brings about increased productivity, decreasing the time and cost associated with cross-chain exchanges.
Improved Security: COMBO Network's half breed agreement system guarantees that the platform is secure and dependable.
Reduced Reliance on Intermediaries: With COMBO Network, clients can straightforwardly interface with various blockchain networks, lessening the requirement for go-betweens.
The COMBO Network has a few use cases, including:
Cross-chain DeFi: The COMBO Network empowers clients to take part in cross-chain DeFi exercises, for example, yield cultivating, liquidity arrangement, and exchanging.
Token swaps: The COMBO Network empowers clients to trade tokens between various blockchain networks, making it easier for clients to get to various tokens and markets.
Gaming: The COMBO Network can be utilized in gaming applications to empower cross-chain asset moves and in-game exchanges.
NFTs: The COMBO Network can be utilized to move NFTs across various blockchain networks, empowering clients to exchange and gather NFTs across numerous networks.
COMBO Build a Strong and Scalable Ecological Economy
The COMBO gaming platform is a blockchain arrangement that intends to make a biological system for gamers and designers. The network will utilize savvy contracts, ERC20 tokens and different advances to work with exchanges among players and designers. The objective of this undertaking is basic form serious areas of strength for a, biological economy in which each player has admittance to great games. By utilizing blockchain innovation, COMBO can give an impartial encounter where all clients have equivalent access paying little heed to where they dwell geologically or what installment strategy they pick while making exchanges inside our environment.
Tokenomics COMBO
COMBO's tokenomics is intended to guarantee a fair and adjusted conveyance of tokens among members and patrons. Underneath, we frame the symbolic dispersion and distribution for different purposes.
COMBO Total Supply and Distribution
Total Supply: 100,000,000 COMBO tokens
Undiluted Token Distribution: 71%
Diluted Token Distribution: 29%
Undiluted Token Appropriation Breakdown
The undiluted Token appropriation is dispensed as follows:
17% for Testnet Airdrop, Mainnet Airdrop, and Exceptional Occasions
17.5% for Seed Asset
17.5% for Administration Asset
35% for Hackathons Motivations, Specialized, and Commitment Motivators
Via cautiously designating the symbolic inventory, COMBO intends to cultivate a flourishing biological system that rewards dynamic local area individuals and supports the platform's drawn out development. The tokenomics structure is set up to boost clients to partake in occasions, add to the platform's turn of events, and draw in with the COMBO people group.
COMBO Network Partners with Crypto Leaders, Cocos Game Engine
Up until this point, COMBO has accomplished various organizations in crypto space and the gaming scene, including Cocos Motor IDE. The COMBO devices will likewise be accessible for other blockchains. BSC stays a somewhat quick instrument without help from anyone else, however a lot quicker with the rollup, or off-chain calculation that is then gotten on the principal organization.
The gaming abilities of COMBO are attached to its association with the Cocos game motor, which is generally utilized in 2D and 3D items. Cocos offers 3D person creation, as well as entire game highlights that accelerate advancement. The COMBO rebrand and ebb and flow advertising show there is more development in Web3 space, going past Ethereum and looking for associations with customary gaming.
Partnerships and Collaborations:
COMBO caused the primary rush of 24 accomplices that will to be supporting the environment. These accomplices remember probably the most prestigious names for the Web3 space, for example, DappRadar, NodeReal, Celer Organization, Galxe, Molecule Organization as well as driving distributed computing suppliers like Alibaba Cloud and industry goliaths Cocos Motor IDE from the customary gaming world.
Presenting Combo Token: The Native Token Controlling the Combo Network Ecosystem.
Crypto projects are continually pushing the limits of development, and Combo Organization is no special case. At the core of Combo Organization's biological system is its local token, Combo Token (COMBO), which assumes a urgent part in controlling the organization's functionalities and offering some incentive to its local area. Combo Token fills in as the foundation of the Combo Organization environment, energizing different activities and remunerating clients for their cooperation.
In summary, COMBO provides a unique ecosystem that provides comprehensive solutions for investors, traders and gamers in the blockchain industry. The project's vision of bridging the gap between the DeFi and gaming sectors is ambitious, but the team has shown they have the expertise, experience, and commitment to make it happen.
With hybrid blockchain and cross-chain interoperability, COMBO is well-positioned to create a new ecosystem that can provide a seamless user experience for decentralized finance, gaming, and non-fungible tokens. His COMBO, the project's native his token, has many use cases within the ecosystem, including staking, governance, and a medium of exchange. Investors looking for promising projects in the blockchain industry should consider COMBO. With its innovative solutions, experienced team, and growing community, COMBO has the potential to become a significant player in the DeFi and gaming market.
For More Details Information:
Website : https://combonetwork.io/
Twitter : https://twitter.com/combonetworkio
Medium : https://medium.com/combonetwork
Telegram : https://t.me/COMBONetworkio
Discord : https://discord.com/invite/combonetwork
Coinmaketcap : https://discord.com/invite/combonetwork
Author:
- Username : siska55
- Bitcointalk profile Link: https://bitcointalk.org/index.php?action=profile;u=1662258
- Telegram username: @siska555
- BEP20 wallet address: 0x77297ff822f498Fe57698EaB1c1edE3dE21e154f
POA Link: https://bitcointalk.org/index.php?topic=5449154.msg62219211#msg62219211
#COMBO @Combonetworkio #Combonetworkio #Cocos #blockchain #Web3 #Gamefi #cryptocurrency #Airdrop #ARB #sui