COCOS to COMBO: Brand Upgrade and Token Swap
The original Cocos-BCX project and its COCOS token underwent a significant brand upgrade and token swap in May 2023, officially rebranding as COMBO, with its token ticker also changing to COMBO. This move aims to further advance the project towards Web3 gaming and metaverse infrastructure. Therefore, information regarding the buying, selling, and exchange listings of COCOS coin should now primarily focus on its upgraded token, COMBO.
During this swap process, major cryptocurrency trading platforms, such as Binance, actively supported the token upgrade. Binance announced its support for the COMBO token swap on May 17, 2023, subsequently suspending COCOS U-margined perpetual contract trading on May 25, 2023, and then pausing COCOS token deposits and withdrawals on May 29, 2023. Any COCOS tokens deposited after this date would not be credited. This signifies that COCOS tokens are no longer actively traded on mainstream CEXs, and their market liquidity has all but dried up.
Trading and Acquiring COMBO Tokens
Since COCOS has completed its upgrade to COMBO, investors wishing to participate in this ecosystem should focus on COMBO token trading channels. COMBO tokens are ERC20/BEP20 type tokens, supporting various trading methods.
Centralized Exchanges (CEX)
Users can buy and sell COMBO tokens through centralized exchanges that support them. Typically, this requires users to register an account on the chosen exchange, complete identity verification (KYC), and then deposit fiat currency (such as USD) or existing cryptocurrencies to trade COMBO in its respective trading pairs. Before trading, always verify the latest COMBO price and supported trading pairs on market data platforms like Svmuu or CoinMarketCap.
Decentralized Exchanges (DEX)
For users familiar with Web3 wallet operations, decentralized exchanges (DEXs) are also an important way to acquire COMBO. Users can connect a compatible crypto wallet (such as MetaMask) to a DEX that supports COMBO and purchase it by swapping base currencies (like ETH or BNB) for COMBO. When trading on a DEX, always find the official smart contract address for COMBO via a blockchain explorer (such as Etherscan.io or BSCScan) to avoid trading counterfeit tokens.
Crypto Wallets and Third-Party Services
Some crypto wallets may support direct purchase or exchange of COMBO. Users need to choose a reliable wallet application that supports COMBO, create or import a wallet address, and then follow the in-app instructions to buy or exchange. Additionally, some third-party payment platforms or cryptocurrency exchange services may offer COMBO purchase options, but please carefully verify their service scope and fees before trading, and ensure these platforms have updated to support COMBO rather than the deprecated COCOS.
History and Current Status of COCOS Token
Cocos-BCX's ICO (Initial Coin Offering) launched on February 28, 2018, and concluded on August 30, 2018, raising a total of $36.7 million. The total supply of COCOS tokens was 100 billion. However, with the completion of the brand upgrade and token swap, COCOS tokens are no longer the primary circulating asset in the Cocos-BCX ecosystem. As of the time of writing, platforms like Coinbase show the USD price of Cocos-BCX (COCOS) as NaN, and the token is not tradable on Coinbase, further confirming its stagnant status as an independent trading asset.
Risk Warning
Given that the COCOS token has completed its upgrade to COMBO and has ceased trading on mainstream platforms, investors should be wary of potential risks associated with the old COCOS token. Buying or trading any deprecated or swapped tokens may lead to risks of illiquidity, inability to sell, or loss of value. Before engaging in any cryptocurrency transaction, always conduct thorough market research and verify the latest status and official information of the token being traded.
