The Magic Cube Coin network (MCC) is a blockchain-based, decentralized entertainment ecosystem focused on gaming activities. Magic Cube seeks to use blockchain technology to circumvent existing unfair institutional environments and drive network effects among users to create an entertainment ecosystem that rewards content producers and consumers fairly.
According to its whitepaper, MCC is the native token of the Magic Cube network for utility token offerings (UTOs) like for playing games on PC/Mobile or Augmented reality/Virtual Reality (AR/VR) games. MCC blockchain can game players and developers as follows:
Magic Cube has partnered with popular gaming companies with a vision to bring traditional games into the blockchain industry. In addition, Magic Cube intends to involve venture capitalists and cryptocurrency platforms supporting their mission. As per its whitepaper, Magic Cube has designed the Magic Cube network to solve the pain points of the gaming industry, such as funding, retention rates, and traffic generation.
The Magic Cube platform consists of:
MCC token is the major component of the ecosystem on Magic Cube, which is used to make a secure and convenient mode of payment and settlement between participants who interact within the Magic Cube ecosystem. MCC token is used to make payments for memberships on several video streaming platforms. The other use cases of MCC tokens are to reward token holders for upgrading the network, reward relayers to avoid monopolies, pay for utility tokens, or pay the developers to remain truthful.
