Forkast CGX Airdrop Guide: How to Claim Your $CGX Token

Disclaimer

This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch. Users should conduct their own research and exercise caution before investing or signing any transactions. CoinMarketCap is not responsible for any losses or damages that may result from using this information. Never invest more than you can afford to lose.

Forkast CGX represents a significant development in the intersection of gaming and blockchain technology, creating new opportunities within the esports ecosystem. Community Gaming has introduced the CGX token to enhance user engagement and participation in competitive gaming.

This guide aims to provide a comprehensive overview of the CGX airdrop process linked to the Forkast platform. We will explore essential details such as the token's launch, tokenomics, and a detailed step-by-step process for claiming your CGX tokens.

What Is CGX?

Overview of CGX Token

The CGX token is an ERC-20 token that embodies both governance and utility functionalities within the Community Gaming framework. Its primary objectives include empowering gaming enthusiasts and fostering a community-driven ecosystem. The CGX token allows holders to engage in various aspects of the platform, such as participating in governance decisions and accessing exclusive features.

Key Functions of CGX

Staking: Holders can stake their CGX tokens to unlock rewards, gain monthly loot boxes, and enhance their engagement within the platform.
Governance Participation: Token holders can influence the direction of the platform through voting on key proposals and initiatives.

The introduction of CGX is a step towards democratizing competitive gaming, allowing players to earn rewards based on their skills and involvement.

Listing Date and Token Generation Event (TGE)

Listing Date

The CGX token officially launched on February 19, 2025, on the Ronin sidechain network. This launch is integral to Community Gaming's mission to innovate user experiences in the realm of esports.

Token Generation Event (TGE)

The Token Generation Event signifies the moment when CGX tokens become available for distribution to users. During this event, participants who invested in the pre-sale via platforms like Ronin Launchpad and Impossible Finance received their designated tokens. This stage is crucial for setting the groundwork for the token's utility and trading potential.

Eligibility for $CGX Season 0 Rewards

Overview of Season 0 Rewards Program

The CGX Rewards Program has been launched to allow the community to benefit from the growth of the ecosystem. The inaugural rewards season will distribute 100 million CGX tokens, which constitute 10% of the total initial supply, to eligible participants.

This distribution is linked to the launch of Forkast, a prediction market platform focused on gaming and internet culture.

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Who is Eligible for Season 0 Rewards?

Active Tournament Participants: Compete in at least five tournaments (12+ participants each) and win one match, earning 250,000 Tournament Points since February 2020.
Summer Points Program Participants: Participate in the Summer Points Program (July to September 2024) and earn 1,250,000 Quest Points through various activities.
Referral Participants: Make at least four successful referrals, resulting in new users completing the Introduction Quest, totaling 20,000 Referral Points.
Ronin Delegators: Stake a minimum of 15 RON tokens with a Validator Node, based on a snapshot from December 7, 2024.
Summer Points Quest Program Participants: Engage in the Summer Points Quest Program to qualify.

Disqualifications

Users engaging in multi-accounting or malicious account creation will be disqualified from receiving Season 0 rewards. To maintain fairness and uphold competitive integrity, Community Gaming employs tools like Cloudflare and Verisoul.ai to monitor user activity and prevent fraudulent behavior.

$CGX Season 0 Rewards Vesting & Key Details

Rewards Eligibility Checker: Available from January 28th.
Total Tokens to be Rewarded: 100 million CGX.
Vesting Schedule: 50% of Season 0 rewards will be accessible immediately during the TGE, while the remaining 50% will be automatically staked for three months. This staking process occurs seamlessly during the rewards claim process, allowing users to earn loot boxes each week with additional CGX rewards.

How to Claim Your $CGX Rewards

Claiming your CGX rewards is a straightforward process that involves several steps. Follow this detailed guide to ensure a seamless claiming experience:

Step 1: Log into Community Gaming

Begin by logging into your Community Gaming account.
You should encounter a popup notification that provides information about your eligibility for the CGX airdrop.
If you qualify, your total rewards and a link to Forkast for claiming will be displayed.

Step 2: Check Your Eligibility

Navigate to the Points Program Page under the Rewards tab to verify your eligibility status.
Eligible users will receive 1000 CGX tokens, with 50% of this amount being staked for a period of three months.
Ineligible users will receive a giveaway ticket as a participation reward.

Step 3: Claim Your CGX on Forkast

1. Create a Waypoint Account: If you do not yet have a Forkast account, you will be prompted to establish one.

A one-time verification code (OTP) will be sent to your registered email for security.
Fill out your CG username and email on the confirmation screen.

2. Navigate to the Airdrop Page: After setting up your account, you will be redirected to the Airdrop Page.

3. Claim CGX Tokens: Click the Claim button to initiate the process.

Confirm and sign the on-chain transaction to finalize your claim.

Step 4: Post-Claim Experience

Upon successfully claiming your rewards, you will be redirected to the Staking Page, where you can view:

Your claimed CGX tokens and any autostaked tokens (locked for three months).
A guided tour of Forkast to help familiarize you with the platform.
Access to your Day 1 Lootbox, which contains Platform Credits and additional CGX tokens.

Key Takeaways for Airdrop Participants

Eligible Users: Receive 1000 CGX tokens, along with a 50 CGX bonus that is staked for three months.
Ineligible Users: Receive a giveaway ticket for community events.
Importance of Staking: Participants who stake CGX will unlock additional rewards and gain access to exclusive platform features.

Why Staking Matters

Staking plays a crucial role in the CGX ecosystem. By staking your tokens, you can unlock several benefits, including:

Monthly Loot Boxes: Stakers will receive loot boxes that may contain Platform Credits, CGX tokens, and other exclusive items.
Access to Tournaments: Staking allows entry into CG+ tournaments and leagues, offering competitive opportunities for gamers.
Influence on Governance: Stakers can participate in governance processes, ensuring their voices are heard in the platform's development.

$CGX Tokenomics

Understanding the tokenomics of CGX is essential for users involved in the ecosystem. The distribution and utility mechanisms are designed to promote active participation and sustainability.

Token Distribution

The distribution strategy for CGX is thoughtfully structured to ensure equitable access and incentivization. Key components include:

Airdrop Allocation: A segment of tokens is earmarked for airdrops to reward early adopters and active participants.
Staking Rewards: Users who stake their CGX tokens will receive additional tokens as a reward over time.
Performance Incentives: Engagement in weekly leaderboards and gaming tournaments will allow users to earn CGX tokens.

Use Cases of CGX

The CGX token has multiple applications within the Community Gaming ecosystem:

Staking Rewards: Users can unlock various benefits through staking, including loot boxes filled with tokens and platform credits.
Prediction Markets Participation: Users can create and engage in prediction markets related to esports events and gaming culture.
Governance Rights: Holding CGX tokens grants users a voice in governance matters, allowing them to influence future developments.

Forkast Platform Overview

The Forkast platform is a dedicated prediction market designed specifically for the gaming community. It allows users to create and participate in prediction markets focused on esports events, streamers, and Web3 assets. The platform integrates seamlessly with the Ronin Waypoint wallet, facilitating gasless transactions and enhancing the overall user experience.

Features of Forkast

User-Friendly Interface: The design of Forkast prioritizes usability, enabling participants to easily create and engage with prediction markets.
Performance Leaderboards: Players can track their performance metrics and earn CGX tokens through active participation.
Integration with Ronin Wallet: This integration allows users to transact without incurring gas fees, streamlining the claiming process.