Community Gaming Launches CGX Token and Forkast

Community Gaming, a blockchain-powered esports platform, launched its CGX token on Wednesday on the Ronin Ethereum sidechain network, along with its Forkast prediction markets platform focused on video games and internet culture.

About Forkast

Forkast, which is built around the CGX token, allows users to create and participate in prediction markets related to gaming, streamers, esports events, and Web3 assets. The platform integrates with Ronin’s Waypoint wallet to facilitate gasless transactions.

Earning CGX Tokens

Users can earn CGX tokens through:
– Weekly performance leaderboards
– Daily trading incentives
– Gaming tournaments

Token holders can also stake CGX to receive monthly platform credits, create new prediction markets, and participate in governance of the forthcoming PVP blockchain.

> FORKAST IS LIVE! 🚀 Forkast Tweet
>
> It’s time to put your alpha to the test. No luck—just pure foresight. Here’s what you can do right now:
>
> ❇️ Predict on the biggest gaming & esports markets (including @Ronin_Network!)
> ❇️ Complete daily quests, stack rewards &…
> — FORKAST (@ForkastGG) February 19, 2025

Airdrop and Demand Issues

Forkast launched with a CGX airdrop claim for users who had staked tokens purchased through a pre-sale on the Ronin launchpad and Impossible Finance, along with rewards programs from exchanges like Gate.io and MEXC.

However, demand for the claim led to issues, with Community Gaming co-founder and CEO Chris Gonsalves stating the team was working to resolve claim hitches. “We’ve seen an insane amount of traffic, which has exceeded our expectations,” he wrote on X. “Tens of thousands of you went to claim and we’re addressing site stability issues on CG. We’re working diligently to have everything up and running smoothly as soon as possible.”

Ronin Network

Ronin is the gaming-centric network behind major blockchain games like Axie Infinity and Pixels. The Forkast launch comes just days after Ronin became permissionless, opening up to all builders after four years as a curated ecosystem. Ronin’s RON token is up nearly 8% over the last week to a current price of $1.23.