Cocos Code IDE 1.2.0 only support engine mode with version up to v3.6.1.
As v3.7, the folders structure changed and you can use it with Cocos Code IDE v2.0.0 beta or create project with cocos console.
You can try read this post
Cocos Code IDE 1.2.0 only support engine mode with version up to v3.6.1.
As v3.7, the folders structure changed and you can use it with Cocos Code IDE v2.0.0 beta or create project with cocos console.
You can try read this post