Community Gaming Launches Forkast Prediction Market Using CGX Token
Community Gaming launched a prediction market called Forkast on the Ronin blockchain, utilizing the CGX token for betting on gaming and influencer culture outcomes.
Key points:
- Traders accused insiders of prematurely selling CGX tokens, leading to a significant price drop.
- Price fell from $0.3 to $0.03 at launch, and is currently at $0.009, a 90% decrease from its all-time high.
- CEO Chris Gonsalves asserts that neither the team nor investors sold their allocations; team tokens are locked for 18 months.
- Available exchanges include Gate, MEXC, and Katana.
- Website crashes hindered new distribution to retail investors.
Staking CGX offers rewards such as monthly loot boxes, tournament access, and governance participation in an upcoming player-versus-player (PVP) blockchain governed by CGX DAO.