Cosmic Signature | Arbitrum Game w/ ETH Rewards | Cycle 1 LIVE NOW

[00:00:00]Welcome back. This video is not financial advice. And always do your own research. Today's video, we're going to be talking about Cosmic Signature. Their team have launched a blockchain game which allows participants to potentially earn ETH, CST tokens, or different utility NFTs. This is a procedural on-chain art protocol on Arbitrum.

[00:00:21]Cosmic Signature right now is in their first cycle. How this is going to work, each cycle will have a certain time period. Participants are going to be able to make gestures with either ETH or the CST token. As the performance cycle ends whenever the time runs out, the protocol will be using its reserves to distribute across more than 10 different allocation tracks. The largest prize goes to whoever made the last gesture.

[00:00:48]They call this the signature allocation.

[00:00:50]Then 8% of the reserves will be going to the Chrono Warrior, random stellar selections, and distributions to NFT anchor holders. Then 7% will be forwarded to a public goods recipient starting with the protocol guild. One really cool aspect going cycle to cycle, half of each cycle will be compounded into the next cycle. This means that as time goes on and the cycles grow in numbers, the overall prize pool will be larger and larger. One important thing to note is that zero ETH will be going out to the team. The protocol doesn't have any mechanics that send to team wallets of any kind. This is a complete community type protocol. All of Cosmic Signature's contracts are fully audited by Hacken with Centaura formal verification and everything in CCOL public domain. So, throughout today's video, we're going to be going into a deep dive in Cosmic Signature because cycle one is live now. So, without further ado, let's hop into the video to see what Cosmic Signature is all about.

[00:01:57]Before we hop into their website, I did want to quickly mention one of the key aspects of Cosmic Signature is they are going to be using a portion of the reserves to fund the protocol guild.

[00:02:07]What is the protocol guild? This is built up of 170 plus different core ETH contributors. Here is the first contribution that was made from cycle number zero, over 1.7 ETH delivered to those who maintain the blockchain that everyone builds on. All right, now heading over to the website so we can get a feel for how each cycle works.

[00:02:28]This is cycle number one and it is live now. As you can see from the time here, this cycle is going to continue for another 12 days or so. One thing to keep in mind, each cycle starts at 24 hours, but each gesture actually adds an hour to the timer. Now, gestures can be made with either ETH or CST and the price per gesture in ETH drifts about 1% per gesture. Whenever the timer hits zero, the cycle ends and a new one begins. The reserves from that cycle are then paid out to different contributors. 25% does go directly to the signature allocation, that is the person that made the final gesture of that cycle. 8% of the prize pool goes to the Chrono Warrior, that is whoever held a gesture for the most accumulative length of period. If you are the winner of a few different categories, you can also receive 1,000 CST and one Cosmic Signature NFT, as you can see here. We're going to go into all that in more detail later on in the video. Right now, the leader in the Chrono Warrior category has held the final gesture for over 9 days and 20 hours. Just below that, you can see the active endurance challenge. They have nearly 22 hours in the last gesture. As mentioned before, gestures can be made with the CST token. So, whoever made the final CST gesture, they earn a piece of the pie as well. The entire winners breakdown can be found here under allocation tracks. It's important to note that 0% goes to the team in any way. You can see again next cycle, 50% of the reserve pool, which is currently 19 ETH, is going to carry into the next cycle. That will compound cycle after cycle. 50% of each pot will move onto the next one. That ensures that each cycle will be more rewarding than the last. Then you have 25% for the final gesture, the signature allocation, 8% for Chrono Warrior, 7% to public goods, 6% for the anchor distribution, and 4% for stellar selection. You can see the stellar selection entries here. The leader currently has 320 of them, 73% probability of winning the ETH, and 98% probability of winning an NFT. There's also leaderboards for all the different categories. Top ETH spender, currently the highest is 1.44 ETH. You have all the endurance champions right now. Someone has over 3 hours listed here. And for the Chrono Warrior, again, first place at 9 days, second place at 5 days. You also can see a history of all the different gestures that have ever been made. For any of you guys who missed it, I did do an AMA with the founder of Cosmic Signature. We went into all the different details of this awesome project. So, after this video, be sure to check out that AMA for some more insight. So far in the first cycle, there has already been 889 gestures, and you can go ahead and check this on their app. All you have to do is click open live cycle. By clicking open live cycle, you will be transferred to this dApp page here. And to get involved, all you have to do is go ahead and connect your wallet. Each of these signatures is a different art piece. You can see some of the different designs here for cycle one. This one is signature 16. This one is signature 17, etc. So, so far the signatures have a total of 9.5 ETH, which is actually really, really good. When anyone makes a gesture, every move is going to bend the performance cycle towards the final on-chain signature. Gestures can be done with either ETH on Arbitrum or CST.

[00:06:09]Founder of Cosmic Signatures' previous project was Random Walk NFT, and they actually do play a role within Cosmic Signature. So far for this first cycle though, again, 9.5 ETH. Currently, the price per gesture is at.04311 ETH. And with that Random Walk NFT, you get a 50% discount. Again, as we mentioned in the intro, the last person to make a gesture when the cycle closes is the one that receives the bulk of the reward. You can see the current holder of the winning position, the last person to make was 1 hour, 1 minute, and 39 seconds ago. And the way they paid, they paid with 190 CST. For any of you guys watching this video, if you do want to go ahead and make a gesture, once you connect your wallet, you can see all of the different ways that you can go ahead and get involved. Of course, you can do ETH or the CST token, which is an ERC-20 token, or you can do ETH with your Random Walk NFT for a 50% discount. All you'll have to do is enter your NFT ID in here, and you only can use that NFT for one gesture. 7% of the performance cycle will be allocated to the protocol guild. This is a funding mechanism for 170 plus Ethereum core contributors. And by clicking view public goods contributors, we can go ahead and see this screen here. So far, they have made one contribution, and it was a massive 1.72 ETH. So, as the cycles continue, you're going to be able to go ahead and track all of the different number of contributions, the total ETH that has been contributed as well. And of course, they do include the contributor address.

[00:07:54]Finally, back over to the app side of things, if you check the bottom, you can go ahead and preview the entire allocation breakdown. So, whoever gets the signature allocation, they are going to get 9.5 ETH, 1,000 CST, and one cosmic signature NFT.

[00:08:11]For public goods, that's going to be 2.6685 ETH for the protocol guild, stellar selection will get 0.5 ETH, cosmic signature anchor will get a proportional of all anchor holders 2.28 ETH, and the chrono warrior allocation will receive a massive 3 ETH, 1,000 CST, and one cosmic signature NFT. Then for the place um NFT stellar selection, random walk anchor holder, endurance champion, and final CST gesture, each one of these will all receive 1,000 CST each, and one cosmic signature NFT each. Now, all the different ETH, this will update as more and more ETH is entered into the pool.

[00:08:52]So, definitely keep that in mind. One additional thing to note, to the right side of their app, you can go ahead and check out their live feed gesture chat, everybody's wallet address along with the ETH that they have contributed, along with the little message that they have put down here in the chat. All in all, this is such a fun and unique concept that I have never seen done before. Arbitrum is such an amazing place for projects like this. And then to me, the icing on the cake is the art side of things. Each one of these has a psychedelic look and feel to it, which I think kind of matches with their name of cosmic signature. Now, if you would like to check out the stats from cycle number zero, that can be found down in the description box below. For that one, the signature allocation the last gesture, did receive 6.17 ETH and 1,000 CST tokens. You can also go ahead and check out all of the different people who did earn some rewards. One important thing to note is that this did last over 38 days and there was over 9 ETH in total prizes. Also, because of the 50% moving on from cycle to cycle, over 2.6 ETH was brought over into cycle number one. Now, for all of you guys who did make it to this portion of the video, I would encourage you to go ahead and join their Discord community. Also, follow them along over on their X formally Twitter, where they keep the community updated as well. Again, cycle number one is live now, so go ahead and get involved. As always, this video is not financial advice. Always do your own research and go ahead and let me know what you think down in the comment section below. With that being said, that about wraps it up for this video. I hope you guys enjoyed and I'll catch you next time.