COC Tokens
COC Tokens: Powering the ChessOnChain Ecosystem
COC tokens serve as the lifeblood of ChessOnChain, acting as the core currency for rewards, staking, governance, and transactions. Unlike traditional reward systems, ChessOnChain utilizes an epoch-based distribution model, ensuring that player earnings are tied to their skill, activity, and contribution to the ecosystem.
Utility of COC Tokens in ChessOnChain
COC tokens play a pivotal role in shaping the economic framework of the game to ensure sustainability. They are earned, staked, and spent in a variety of ways, ensuring sustained engagement and a thriving ecosystem. These Rewards are part of a Larger allocation staked and rewards are distributed per unlock time and heal of the Staking Pool, Percentages of transaction fees are continually Redeposited to the rewards pool
Game Rewards & Epoch-Based DistributionGame rewards are not distributed instantly but instead are calculated and allocated at the end of each epoch (e.g., weekly or monthly).
Rewards are determined by a combination of player rating, performance metrics, activity level, and game outcomes.
High-rated players and those with consistent performance receive higher reward multipliers.
Reward Formula Factors:
Elo Rating & Rank: Higher-ranked players earn proportionally more rewards.
Win/Loss Ratio: Performance-based adjustments ensure skilled players are rewarded fairly.
Streaks & Engagement: Consistently active players earn bonus multipliers.
Tournament Participation: Competitive play increases reward share.
Example Reward Calculation: Let’s say Player A and Player B both played 20 games in an epoch:
Player A: Rating 1800, 15 wins, 5 losses, tournament finalist → Higher rewards
Player B: Rating 1200, 10 wins, 10 losses, casual games only → Lower rewards
At the end of the epoch, rewards are unlocked and distributed accordingly.
Staking & Unlock Mechanism
COC staking pools allow players to lock tokens for rewards and certain access criteria for Events, Bounties or features on the ChessOnChain platform.
Staking rewards unlock gradually between epochs rather than instant payouts. Higher staking durations = increased yield multipliers.
Staking Tiers:
Short-term staking (1 epoch): Lower APY, but flexible withdrawals.
Mid-term staking (3-6 epochs): Moderate APY, steady rewards.
Long-term staking (12+ epochs): High APY, exclusive governance privileges.
Bonus: Players who own Legacy NFTs or Checkmate NFTs receive staking boost multipliers.
Tournament Entry & Prize Pools
Players use COC tokens to pay tournament entry fees. Prize pools are automatically calculated from staked tournament fees + sponsorship contributions. Some high-stakes tournaments require both COC staking and gameplay qualifications.
Governance & Decentralized Voting
COC token holders govern ecosystem upgrades via on-chain proposals and votes. Decisions include:
Tournament formats & reward structures
Staking yield adjustments
Game rule modifications
Expansion into new blockchains
Tokenomics (COMING SOON)
The Future of COC Token Utility
🔹 Cross-chain Expansion: COC tokens will be bridged across multiple blockchain networks. 🔹 NFT Staking & Token Boosts: Special NFT holders will unlock exclusive staking benefits. 🔹 Liquidity Pool Incentives: COC will be integrated into DEX liquidity pools.
COC tokens power the decentralized chess revolution, ensuring a self-sustaining, rewarding, and community-driven ecosystem.
Last updated