Question 1

What is Cosmic Signature?

Accepted Answer

Cosmic Signature is an NFT project that combines generative art, an exciting bidding game, and social impact through charitable giving. It offers a unique, engaging, and socially impactful experience for the NFT community.

Question 2

How does the bidding game work?

Accepted Answer

Each round begins with a 24-hour countdown and a low initial bid price of around 0.01 ETH. Every new bid increases the price by 1% and adds an hour to the clock. If you are the last person to place a bid when the timer runs out, you win the main prize.

Question 3

What type of bids are available?

Accepted Answer

It is possible to bid with ETH or Cosmic Signature Tokens (ERC-20). You can also attach a RandomWalk token to the bid and receive a 50% discount on the bid price. The bid price in Cosmic Signature Tokens continuously decreases according to the rules of a Dutch auction.

Question 4

Can I participate if I don't own any NFTs?

Accepted Answer

Yes, anyone can participate in the Cosmic Signature game by placing a bid. You do not need to own an NFT to bid, but owning a RandomWalkNFT gives you a 50% discount on the bid price.

Question 5

How can I get involved?

Accepted Answer

You can participate by bidding in a round or by donating an NFT from your project. We look forward to seeing you in the Cosmic Signature community!

Question 6

How long does each round last?

Accepted Answer

Each round begins with a 24-hour countdown. However, because each bid adds an hour to the countdown, rounds may last longer than 24 hours.

Question 7

Can I place multiple bids during a round?

Accepted Answer

Yes, you can place as many bids as you like during a round. Each bid increases your chances of winning and earns you more Cosmic Signature Tokens.

Question 8

What is the main prize?

Accepted Answer

The main prize includes a unique Cosmic Signature NFT, 25% of the ETH pot, and any donated tokens (ERC-20/ERC-721) from other projects.

Question 9

What rewards do I get for each bid?

Accepted Answer

Every bid earns you three things: 100 CST (Cosmic Signature Tokens), 1 raffle ticket for end-of-round drawings, and a chance to win a Cosmic Signature NFT.

Question 10

How does the raffle work?

Accepted Answer

Each bid also serves as a raffle ticket. At the end of each round, the smart contract randomly selects 4 raffle ticket holders who share 6% of the prize pool. Additionally, 5 winners receive a Cosmic Signature NFT, and 4 Random Walk NFT stakers also receive an NFT. The more bids you make, the higher your chances.

Question 11

How do I claim my prize if I win?

Accepted Answer

The main prize winner receives 25% of the prize pool. You'll need to withdraw your winnings from the prize contract. Navigate to your profile or the prize page to initiate the withdrawal after the round ends.

Question 12

How does staking work?

Accepted Answer

After winning Cosmic Signature Tokens in raffles, you can stake them and continue earning income. Staking pays 19% of the CosmicGame contract balance each round, and this amount is distributed equally among the owners of all staked tokens. To stake tokens, go to the "MY STAKING" page (available from your account balance menu).

Question 13

What are marketing rewards?

Accepted Answer

You can earn Cosmic Signature Tokens (ERC-20) by promoting the Cosmic Game website on your Twitter account. Marketing rewards are paid on every bid placed during the round. Contact the marketing team for more info.

Question 14

How many Cosmic Signature NFTs are minted each round?

Accepted Answer

12 Cosmic Signature NFTs are minted each round — one for the main prize winner and one for each of the eleven NFT raffle winners.

Question 15

What happens to the remaining ETH in the pot after each round?

Accepted Answer

About half of the ETH pot is given to the winner of the round. The remaining half is carried over to the next round's pot, increasing the starting value for the next game.

Question 16

Who receives the 10% contribution from the pot?

Accepted Answer

10% of the pot is allocated as a contribution to a beneficiary, decided by the Cosmic DAO. This could be a charitable organization, a research group, an open-source project, or even Ethereum client developers. This is our way of contributing to and supporting the wider community.

Question 17

How does the price increase with each bid?

Accepted Answer

Each bid increases the current price by 1%. This exponential growth adds an exciting strategic element to the bidding game. Bid early for lower prices and more raffle tickets, or bid later when the stakes and potential reward are higher. At the start of a new round, the price resets to approximately 100x lower than the final winning bid.

Question 18

What is Dutch Auction bidding?

Accepted Answer

When you bid with ETH, you will earn 100 Cosmic Signature Tokens (ERC-20). These tokens can be used to make another bid through the Dutch auction. A Dutch auction is a type of auction that lowers the bid price if nobody bids after a certain amount of time; the more time passes, the lower the bid price gets. This feature allows you to save on bidding and continue playing the game.

Question 19

What is an Endurance Champion?

Accepted Answer

The bidder who remained the last bidder for the longest consecutive period of time (i.e. the longest gap before someone else bid).

Question 20

What is a Chrono Warrior?

Accepted Answer

The bidder who held the Endurance Champion title for the longest consecutive period of time. Similar to how the Endurance Champion is the longest-reigning last bidder, the Chrono Warrior is the longest-reigning Endurance Champion.

Question 21

Does the time added per bid always stay the same?

Accepted Answer

No. The time added after each bid starts at 1 hour, but it will gradually increase over time. This increment is designed to be very slow — approximately 10% to 20% per year (exponential growth).

Question 22

Why does the time added per bid increase over time?

Accepted Answer

The primary reason for this mechanism is to control the total number of Cosmic Signature NFTs minted. By slowing down the game, we limit the number of new NFTs created, maintaining their exclusivity and potential value over time.

Question 23

How does the increase in time per bid affect the game?

Accepted Answer

As the time added per bid increases, the game slows down, meaning that rounds will last longer. This change is designed to be gradual, ensuring a smooth gameplay experience while also limiting the total number of Cosmic Signature NFTs.

Question 24

What happens if two bids are placed at the same time?

Accepted Answer

Transactions on the Ethereum blockchain are processed in the order they are received. If two bids are received at the same time, the one that is confirmed by the blockchain first will be considered the valid bid.

Question 25

Is there a game theory element in Cosmic Signature?

Accepted Answer

Absolutely! We are eager to see how participants will compete with each other within the parameters of the game. It is not just about winning; it is about strategy, timing, and risk assessment. The social dynamics and game theory aspects of Cosmic Signature are among its most interesting features.

Question 26

What are Cosmic Signature Tokens and the Cosmic DAO?

Accepted Answer

Every bid also earns you Cosmic Signature Tokens, which can be used to vote in the Cosmic DAO. The DAO helps decide which beneficiary receives 10% of the pot each round and may be used for other governance decisions in the future.

Question 27

What can I do with CST tokens?

Accepted Answer

CST (Cosmic Signature Tokens) can be used as an alternative currency to place bids instead of ETH. You earn 100 CST every time you bid, so active players naturally accumulate CST to use in future rounds. They can also be used to vote in the Cosmic DAO.

Question 28

What makes Cosmic Signature NFTs unique?

Accepted Answer

Cosmic Signature NFTs are unique in that they are on-chain and self-sustaining. Each NFT is created with a randomly generated seed that is stored in the smart contract. The image and video of the NFT are produced from this seed using an open-source Rust program. The seed determines the starting positions and the number of planets displayed in the NFT, making every NFT unique and special.

Question 29

How are the NFT images created?

Accepted Answer

The images for the Cosmic Signature NFTs are generated based on the three-body problem in physics. We simulate the movement of three planets in space and draw the trajectories of each planet, creating beautiful and unique patterns.

Question 30

What is the significance of generating NFTs with a random seed?

Accepted Answer

The seed-based creation process of Cosmic Signature NFTs ensures their long-term existence. Unlike other NFT projects, where images are stored on centralized servers that can go down — making the NFT images unavailable — the seed for each Cosmic Signature NFT is stored on the blockchain. Using our open-source Rust program, anyone can take the seed and generate the NFT image and video at any time.

Question 31

Does this mean that the number of Cosmic Signature NFTs is limited?

Accepted Answer

Yes, due to the gradual increase in time added per bid, the pace of new NFT creation slows over time. This effectively limits the total number of Cosmic Signature NFTs, making them a limited resource in the long run.

Question 32

What impact does limiting the number of Cosmic Signature NFTs have?

Accepted Answer

By limiting the total number of Cosmic Signature NFTs, we aim to maintain their exclusivity and potential value. As the time added per bid increases and the creation of new NFTs slows, each Cosmic Signature NFT becomes a more exclusive asset. This limited supply could make each NFT more valuable over time.

Question 33

What is the connection with RandomWalkNFT?

Accepted Answer

If you are a RandomWalkNFT holder, you can bid with a 50% discount in Cosmic Game. This discount can only be used once per wallet, so save it for a strategically valuable moment when the bid price is high.

Question 34

How can I trade or sell my Cosmic Signature NFTs or Cosmic Signature Tokens?

Accepted Answer

Cosmic Signature NFTs and Cosmic Signature Tokens are compatible with any marketplace or exchange that supports ERC-721 and ERC-20 tokens, respectively. This includes popular platforms like OpenSea for NFTs and Uniswap for tokens.

Question 35

Can I participate in the Cosmic DAO without bidding in the game?

Accepted Answer

Yes, you can purchase Cosmic Signature Tokens on a supported exchange and use them to participate in the DAO. However, bidding in the game is the primary way to earn tokens.

Question 36

How can other NFT projects donate their NFTs to the game?

Accepted Answer

Projects interested in donating their tokens (ERC-721 or ERC-20) to the Cosmic Signature pot can use the "Advanced Options" in the bid pane. Simply provide the contract address and token ID/amount, and click the Bid button. Donated tokens will be transferred to the CosmicGame contract and awarded to the main prize winner after the round ends.

Question 37

What is Arbitrum and why is Cosmic Signature deployed on it?

Accepted Answer

Arbitrum is a layer 2 scaling solution for Ethereum that helps to speed up transactions and reduce fees. Cosmic Signature is deployed on Arbitrum to take advantage of these benefits, providing a better user experience with faster and cheaper transactions.

Question 38

Why is Cosmic Signature deployed on Arbitrum and not Ethereum?

Accepted Answer

Our choice to deploy on Arbitrum was strategic. We believe that, in the long run, most activity on Ethereum will migrate to Layer 2 solutions like Arbitrum. This is due to Arbitrum's significantly lower gas fees while maintaining the same level of security as Ethereum Layer 1.

Question 39

What makes Arbitrum as secure as Ethereum Layer 1?

Accepted Answer

Arbitrum is not a sidechain; it is a rollup. This means it bundles, or "rolls up," multiple transfers into a single transaction, reducing transaction costs. Importantly, all its data and operations are still recorded on the Ethereum mainnet. This ensures that Arbitrum's security is rooted in the Ethereum network, making it just as secure as Ethereum Layer 1.

Question 40

How do I get ETH on Arbitrum?

Accepted Answer

To get ETH on Arbitrum, you need to bridge it from the Ethereum mainnet. You can do this through the official Arbitrum bridge or other supported bridges. This involves sending your ETH to a special contract on Ethereum, which then mints an equivalent amount of ETH on Arbitrum. Please note that bridging assets requires gas fees on the Ethereum network.

Question 41

Can I use my existing Ethereum wallet on Arbitrum?

Accepted Answer

Yes, you can use your existing Ethereum wallet on Arbitrum. The same private keys are valid on both networks. However, you will need to adjust your wallet's network settings to connect to Arbitrum.

Question 42

How do I view my Cosmic Signature Tokens and NFTs on Arbitrum?

Accepted Answer

You can view your Cosmic Signature Tokens and NFTs directly on the Cosmic Signature website or in your wallet like any other ERC-20 or ERC-721 asset. To view them in your wallet, you may need to add the tokens' contract addresses manually. These addresses can be found on our website or by asking in our community chat.

Question 43

Can I trade my Cosmic Signature Tokens and NFTs on Arbitrum?

Accepted Answer

Yes, Cosmic Signature Tokens and NFTs can be traded on any marketplace or exchange that supports the Arbitrum network. This includes popular platforms like Uniswap for tokens and OpenSea for NFTs. Always verify that you are interacting with the correct contract addresses when trading.

Question 44

How can I ensure that my bid has been successfully placed?

Accepted Answer

All successful bids will be confirmed on the blockchain. You can verify your transaction on the relevant Ethereum block explorer using your transaction hash.

Question 45

How is the security of the Cosmic Signature game ensured?

Accepted Answer

Cosmic Signature is built on the Ethereum blockchain, which provides robust security for all transactions. The smart contracts for the game have been carefully designed to ensure fairness and transparency.

Question 46

Are there any fees involved in the Cosmic Signature game?

Accepted Answer

Aside from the cost of your bids, the only additional cost is the transaction fee on the Arbitrum network. This fee is for processing transactions and is not controlled by Cosmic Signature. Please be aware that network fees can vary.

Question 47

What controls does the team have over the Cosmic Signature game?

Accepted Answer

Initially, the team behind Cosmic Signature will have the ability to adjust certain parameters of the game, such as the number of hours added after each bid or the percentage of the pot that goes to the raffle winners. This control is applied only during the round activation window and is facilitated through the smart contract's "Ownable" feature. Once the game starts (when the first bid is made), nobody — including the Owner — can change the game conditions until the main prize is claimed.

Question 48

Will the team always have control over the game's parameters?

Accepted Answer

No. Once the project is stable and functioning as intended, the developers will renounce their ownership of the contract, effectively giving up control over these parameters. This is done by calling the renounceOwnership() function in the contract.

Question 49

What does it mean to "renounce ownership"?

Accepted Answer

Renouncing ownership is a feature of the "Ownable" smart contract. When the developers call the renounceOwnership() function, they permanently transfer control from their address. Once this function is called, the parameters of the game become immutable and cannot be changed.

Question 50

Why would the team renounce ownership?

Accepted Answer

The team's goal is to create a fair and decentralized game. Renouncing ownership ensures that the game's rules cannot be changed arbitrarily once it is up and running, adding a layer of trust and transparency for players.

Question 51

How does the Cosmic Signature team profit from this project?

Accepted Answer

The team does not pocket any money directly from the project. All funds go into an immutable smart contract that is not controlled by the team. The team's interest lies in the Random Walk NFTs they own, as the success of Cosmic Signature could increase their value. The primary motivations are curiosity, creativity, and contributing to the blockchain community.

Question 52

Why was Cosmic Signature created?

Accepted Answer

Cosmic Signature was born out of a fascination with chaos theory and the unsolvable nature of the three-body problem. The idea of creating unique, dynamic art inspired by these principles was both intriguing and exciting. The project blends art, science, and blockchain technology.

Question 53

What if the team behind Cosmic Signature disappears?

Accepted Answer

Should anything happen to the team, the project is designed to be self-sustaining. Since the seeds for each NFT are stored on-chain, anyone can recreate the NFT images and videos using the open-source Rust program. This ensures the longevity and continued existence of your Cosmic Signature NFTs, regardless of the project team's status.

Question 54

Can I create a competing site with the Cosmic Signature NFTs?

Accepted Answer

Absolutely! The open-source nature of the project allows anyone to generate NFT images and videos based on the seeds. You could even create a competing site using the same mechanism. This open ecosystem encourages creativity and fosters a sense of community around the project.

Question 55

Can I donate to the pot without participating in the bidding?

Accepted Answer

Yes, it is possible to donate directly to the pot. The smart contract includes a method that allows ETH donations. You can also make a donation with a message, which may be displayed on the front page if you are among the top five donors for the round. Reach out to the support team for guidance.

Question 56

How can I get help if I encounter problems or have questions?

Accepted Answer

The community and support team are always ready to help. You can reach out via the Discord community chat, Twitter, or support email.

Question 57

How can I stay updated on Cosmic Signature news and updates?

Accepted Answer

Follow the official social media channels and join the Discord community for the latest news, announcements, and updates.

Frequently Asked Questions

Popular Questions

Getting Started

Prizes & Rewards

Game Mechanics

Tokens & NFTs

Arbitrum & Technical

Trust & Governance

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