Cure WorldCosplay is currently gearing up to transform the cosplay industry into a better space for everyone involved, with the world’s first Cosplay Token Crowdsale only weeks away. While this does mark a very exciting time, we also understand that the world of blockchain and ICOs may be quite foreign to many of our supporters.
A lot happens during an ICO — Initial Coin Offering — and we don’t want you missing out on any important information. In light of this, we’re here to answer some of your frequently asked questions.

So, what is an ICO?

ICO is the abbreviation of Initial Coin Offering. It is essentially a crowdfunding stage where tokens or coins are offered in exchange for stable cryptocurrencies. This means that someone offers investors units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin or Ethereum.
Since 2013, ICOs have often been used to fund the development of new cryptocurrencies. The pre-created token can be easily sold and traded on all cryptocurrency exchanges if there is demand for them.

What is the Cosplay Token (COT)?

If we consider the previous definition, the Cosplay Token will serve as a new worldwide currency for the cosplay industry, and will be offered in exchange for stable cryptocurrencies.
Used as both a payment currency and a reserve for the creation of Player Coins, COT will tackle the key challenges affecting our cosplay community, while ensuring a fairer and safer cosplay ecosystem for you to enjoy.

What can Cosplay Tokens do?

The real fun starts here. COT is so unique, since the power is now brought back to cosplayers — that’s you! Based on the Bancor Protocol, the Cure Protocol allows players to create and distribute their own personalised coins. This unique feature will enable you to monetize yourself, as these coins can be used for purchasing costumes, merchandise, event tickets or tipping.
Player Coins will provide an accessible platform for cosplayers to promote their identity to the continuously growing 720,000 member-base of Cure WorldCosplay, as they will be directly attainable by fans. These coins will ultimately allow cosplayers to develop deeper relationships with their communities, as you’ll will be able to explicitly show support while also gamifying your experience!

How to earn your first COT Tokens?

The Cosplay Token Crowdsale dates haven’t been announced yet, but it’s not far away at all! Once the Crowdsale goes live, you’ll be able to contribute to the sale and purchase tokens. There may also be some extra opportunities to earn bonus tokens too, so keep an eye out!
For all updates on the Cosplay Token Crowdsale, be sure to sign up to our official Cosplay Token supergroups, and head to the Cosplay Token website to sign up for updates!
We can’t wait for you to experience the magic, that is Cosplay Token. Together we can work towards making the cosplay-sphere better for all!

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