Cosplay Token (COT)

What is Cosplay Token

Since the onset of our service, we have been communicating with both cosplayers and all other kinds of users in the cosplay-sphere. Through ongoing feedback, anecdotal experiences and years in the industry, we have isolated five key issues facing cosplay as a whole:

1. Access to Settlement. Accounts / Player

Many cosplayers are not paid for their work because they do not have access to a settlement account to receive funds. In addition, many young players and users do not own a credit card. Although PayPal is an option, it is not commonly recognised and it has miscellaneous fees on top of bank transaction fees. Other transaction methods such as micropayments and currency exchange are risky and inconvenient.

Solution

The Cosplay Token (COT) is cross-border and feeless. Anyone can hold and transact tokens even if he/she has no other means of settlement or has no bank account. COT will empower players and fans to perform transactions easily on the Cure WorldCosplay platform. In addition, COT can be exchanged with other cryptocurrencies.

2. Sharing of Content. Revenue / Player, User

While content marketing is growing in the Cosplay industry, the economy is yet to reach substantial growth due to issues involving copyright and revenue sharing.

Solution

Cure WorldCosplay is implementing a system to record copyright records on blockchain, allowing work and share revenues to be allocated via Smart Contracts.

3. Transparency and Trust / Player

Due to the nature of cosplay, players can be exposed to a large number of followers and often we find that players get harassed. The recent “Cosplay Is Not Consent’ movement has shed light to the harassment that cosplayers face within the cosplay community.

Other cosplay platforms rely solely on SNS followers as a trigger to feature cosplayers. This method lacks transparency and opens the door to unwanted attention, leading to harassment and unfulfilled services.

Solution

With blockchain, players now get to identify each user and correspond with them accordingly to help curb harassment. Players will also be able to evaluate each other, ensuring fair evaluations. Player activities will be recorded on blockchain which is secure and tamper-proof.

4. Value Actualization / Player, User

Many cosplayers spend countless of hours and money perfecting their craft. However, their creations often lead to little or no income, ending in a discontinuation of their work. In addition, users with valuable knowledge and skills are not promoted to the extent they deserve.

Solution

Cure WorldCosplay connects users and players - providing them with the exposure they need. Users can discover their favourite players, publish articles on the platform, receive evaluation by other users and so much more.

5. Globalization of Information / User

Due to the global and multilingual nature of cosplay, information surrounding upcoming events is often misinterpreted and falsely spread. On top of that, many users and players find it hard to source information surrounding cosplay and other events, leading to many lost-in-translation scenarios.

Solution

Cure WorldCosplay is creating an environment where information is translated and uploaded by a third party in good faith. Information and articles posted can be evaluated by other users, promoting correct and accurate information over bad.