Community Gaming, a crypto-powered gaming platform, has introduced a prediction market called Forkast on the Ronin blockchain, utilizing its new CGX token. This platform will enable users to bet on various real-world outcomes related to gaming and influencer culture. Following the token's launch, accusations arose on Crypto Twitter, claiming insiders sold off CGX before the general public had the chance to acquire it. Consequently, the website experienced significant traffic, leading to downtime and hindering retail distribution. The CGX token's price fell dramatically from $0.30 to $0.009 shortly after launch, prompting concerns about the intentions of early holders. Chris Gonsalves, CEO of Community Gaming, vehemently denied that the team or affiliated investors sold their allocations, asserting that key creators are still holding their tokens. Additionally, Forkast is encouraging participants to stake CGX, offering rewards like monthly loot boxes, access to tournaments, and governance participation in Community Gaming’s upcoming player-vs-player blockchain initiative, aimed at enhancing competitive gaming.

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