What Is CUBIX (CUBIX)?

CUBIX is a newly-launched NFT fantasy sports platform that allows users to engage in virtual sports games with each other. The platform uses NFTs to let gamers play various popular sports in a virtual environment powered by blockchain technology. CUBIX includes different types of sports and two game modes for solo and team players.

Let’s have a closer look at the CUBIX platform and its native token.

How CUBIX Works

CUBIX provides sports game lovers with a blockchain platform for playing virtual sports games solo or with other players.

You can choose to play basketball, baseball, soccer, American football, hockey, or cricket. CUBIX has two playing modes. The first one is a standard one-on-one game with another player, while the other mode is a tournament-style game with numerous players.

All of the in-game player equipment, perks, and player avatars are actually NFTs and users need to purchase them to play games on CUBIX. For example, you can have famous real-world basketball players on your team, but you need to purchase the appropriate NFTs.

Users can trade NFTs between themselves on the CUBIX marketplace or purchase various NFT packs from the platform and get random NFTs. NFTs have the form of gaming cards.

Users can purchase Starter Cards, Bronze, Silver, Gold, Platinum, Diamond, and Limited edition packs of NFTs to get different numbers of NFTs from various tiers. For example, the Bronze NFT card pack grants buyers one legendary, one rare, one super rare, and three common cards.

When playing games on CUBIX, users get rewards in CUBIX tokens, which they can use to purchase additional NFTs or trade the tokens on a crypto exchange for another digital currency. 

What Is CUBIX (CUBIX) Used For?

CUBIX is used as an interactive sports gaming NFT platform that allows users to experience virtual sports matches with the help of NFT gaming cards. The gaming interface and virtual experience are still developing, and users don’t yet have access to the games themselves. 

For now, users can purchase NFT packs on CUBIX in anticipation of the launch of CUBIX games in the near future. The CUBIX token is used as a reward incentive for gamers to play matches with each other.

However, CUBIX will have several additional use cases. Players will be able to stake their CUBIX tokens and participate in yield farming to earn an annual percentage yield (APY) from their CUBIX holdings. CUBIX will also have its own liquidity pools where users will be able to stake tokens. 

Users can buy NFTs on CUBIX by connecting their crypto wallet to the platform and purchasing NFT packs. The same mechanism will be used to participate in CUBIX games. You’ll just need to connect a wallet and start playing one-on-one or join tournament matches.

Where to Buy CUBIX (CUBIX)?

The CUBIX token has been recently launched on the market, so it’s only available on one crypto exchange for now.

You can buy CUBIX on BitMart with Tether (USDT) tokens. This means you’ll need to open an account on BitMart and either deposit some fiat currency and exchange it for USDT or buy USDT directly with a bank card. Once you have some Tether, you can use it to purchase CUBIX tokens.

How Long Has CUBIX (CUBIX) Been Around? 

The CUBIX project was officially launched during the first quarter of 2022, but the platform went live and launched the CUBIX token on the market on November 25, 2022.

What’s Controversial About CUBIX (CUBIX)?

There aren’t any controversies surrounding the project for now, but the fact that Cubix is already selling NFTs without launching its sports games first might be concerning for some users. 

How Many CUBIX Tokens Are There?

There’s a total of five billion CUBIX tokens. According to CoinMarketCap, there are over 70 million CUBIX tokens in circulation. The team plans to keep 24% of the tokens, while 4% is reserved for a seed round, 10% for a strategic round, and 13% for a private round. 

Seven percent is reserved for paying advisors, and 2% is up for a public sale. The team will keep 20% for exchange liquidity, 10% for staking rewards, and the final 10% for the platform’s treasury.

Can CUBIX Be Mined?

You can’t mine CUBIX tokens because they are all pre-mined by the developer team.

Market Cap and Price History of CUBIX (CUBIX)

CUBIX has a current market cap of around 450,000 USD and a fully diluted market cap of 30 million USD. Initially, the token launched with a price of 0.0061 USD per token and reached an all-time high of 0.0064 USD a few days later. Since then, the token’s price has been decreasing and only recently stabilized at around 0.0062 USD. 

Biggest Competitors of CUBIX (CUBIX)

CUBIX is entering an already crowded crypto niche with projects like The Owners Club (TOC) and Draft Kings, which use similar mechanics with NFT player cards to let users engage in various virtual sports games. CUBIX is yet to launch its gaming features, so it remains to be seen how they will compete with other similar projects.

What Does the CUBIX (CUBIX) Project Road Map Look Like?

According to the CUBIX roadmap, the project is yet to get listed on a decentralized crypto exchange platform and conduct beta testing for its NFT game. By the end of 2022, the team plans to roll out their NFT game and create a CUBIX fan club.

Pros and Cons of CUBIX (CUBIX)

Let’s have a look at the pros and cons of CUBIX.

Pros

• Interesting gaming mechanics that depend on NFT player cards.
• A wide range of sports games. 
• CUBIX token rewards for winning games.
• CUBIX staking pool.

Cons

• The project still hasn’t launched its NFT game.
• There are various competitors that already have well-developed NFT sports games.
• The token is only available on one exchange platform for now.