BGX REVIEWS | THE MOST POWERFUL DECENTRALIZED PROCESSING PLATFORM

yousuf786 (27)in #bgx • 7 years ago

BGX has seen incredible support during its
Pre-Sale and Private Sale rounds.

Now, we can deliver even more value. We have begun building the most

powerful blockchain with some additional capabilities.

In order to offer the best product that our fundraising allows now, we are postponing our Crowdsale until September 5th, 2018. We’ll keep you updated!

The BGX mission is to built the most functional payment processing platform on top of a powerful algorithm, in order to add efficiency to the multi-billion mobile industry

BGX explainer Official Presentation Youtube

Last video:

BGX USERS

GAME DEVELOPERS

BGX provides a set of fully controlled services with a wide range of functionalities and effective crypto-currency integration. The services offered allow developers to implement their mobile game logic and focus on the gaming process, using the platform’s processing capabilities for accelerating and simplifying development and advancing monetization. Additional capabilities include using the growth potential of the BGX token to elevate the revenues of their games.

PLAYERS

receive the ability to earn from their games, to convert in-game currencies into real world money or transfer them between games, to automatically receive a virtual wallet, to collect bonuses, to access the overdraft spending program, and to compete for prizes.

3RD PARTY APP STORES

increase their audience conversion, open new channels for game distribution and realize additional returns on investment through the financial capabilities of the BGX Platform. Also, single token economy that allows for easy stable crypto-currency integration and emission for any app market or developer on the platform.

BGX TOKEN HOLDERS

BGX token holders have ability to participate in the growing project (platform encourages engagement and spending more than any other app market, amplifying this effect), share in its revenues (60% of most transaction commissions go to BGX token holders and nodes), and access its economy.

SOLUTIONS
BGX is a comprehensive solution that supports mobile game features and combines the capabilities of blockchain technology with advanced AI neural networks. Game developers and app markets get built-in support for their games, access to different monetization models, distribution to millions of players, and fees of less than 10%. Players get a chance to earn on the platform and exchange their tokens both between games and into real money. The platform is open-sourced, protected from crypto-volatility, has the speed and capacity far superior to the Ethereum blockchain, and enables all to share in its revenues.

These are the basic principles of building a platform:

Iterative development and creation of the community from the moment
of the active phase — Agile / DSDM Atern; alignment of working
methodology to DevSecOS for security;
Modular functional architecture, allowing separate development of
the main components and the use of common protocols and frameworks;
Open source code stored in the GitHub repository;
The implementation of the CCSS38 standard and PA-DSS39 is the basis for
security on the client side;
A special focus on interoperability of the platform, its integration with
existing solutions.

DECENTRALIZED APP MARKET

Implementation of an additional distribution channel for games with the ability to verify and promote applications

NATIVE ARTIFICIAL INTELLIGENCE ENGINE

User hints and matching, verification on tournament results using a distributed neural network

CRYPTOCURRENCY EXCHANGE

Support for the exchange of game tokens and withdrawal in fiat money

VIRTUAL WALLET

Users receive a universal wallet that allows them to work with both their current user accounts and a variety of loyalty programs

OVERDRAFT MODULE

Embedded overdraft mechanism and user scoring, the ability to receive overdraft approval in exchange for loyalty

MONETIZATION MODELS

In-app purchases, tournaments, advertising capitalization, and much more...

BUSINESS MODEL

The BGX business model is based on small commissions from transactions with the system (tournament participation in-app purchases, ad revenues, overdraft)

Decentralized Payments Processing

BGX is offering one of the most advanced technological infrastructures with powerful processing capabilities, a set of financial and game features, all for one of the most technologically-adaptive and profitable industries – mobile games

1. ON-CHAIN / OFF-CHAIN

On-chain and off-chain transactions work together and allow you to balance between the required speed and load. Since the current off-chain solutions are under development, a hybrid solution will be used in BGX until a stable one is obtained

2. BLOCKCHAIN INTERACTION

BGX is implemented on top of the Ethereum blockchain system and, despite the mechanisms of off-chain transactions, needs to interact with the larger blockchain. To do this, each BGX node has a special BLOCKCHAIN LAYER. Its task is to manage the written and extracted data

3. FILE STORAGE

Storage of distributed content is proposed to be solved using DHT technology. DHT (distributed hash table) is a class of decentralized distributed systems of search service that works like a hash table, characterized by the following properties: Decentralization, Scalability, and Failover.

TOKENOMICS
We are creating a true token-based game economy. BGX tokens work in so many different ways. Earn while you play -> Pay low fee exchange -> Use cross border payments -> Take Fiat-Out

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Crowdsale timeline

SEPT 5, 2018	Crowdsale starts

Cost of 1	BGX: $0.10 USD
Terms of BGX sale:	30 days with the possibility of an early finish once the hardcap is reached
Changing of goals after start of ICO:	Impossible
Technical limitation of BGX token emission:	1 000 000 000
Adjustable emission:	All unsold and unallocated tokens will bе burned up. Additional release оf tokens will not be possible
Secure ways to purchase BGX:	Bitcoin (ВТC), Ethereum (ETH)
Pre-Sale Goal:	$3 000 000 USD
Crowdsale Softdcap:	$4 000 000 USD
Crowdsale Hardcap:	$50 000 000 USD

ETHEREUM SMART CONTRACT AND ERC20

Ethereum is a decentralized platform for creating blockchain based services. The basis of this platform is smart contracts: small programs that are run by Ethereum nodes under specific conditions. Such smart contracts are written in a special interpreted programming language (for example, on Solidity). In fact, Ethereum is a distributed virtual machine, the nodes of which are supported by the miners receiving gas - payment for the computing power provided.

Inside Ethereum, decentralized applications (DApps), similar to sites on the Internet, implement their own functions. Just as tokens in an amusement park represent the right to access a carousel, DApps have their own tokens, allowing users access to these functions dependent on the number of tokens.

The ERC20 standard is a technical specification for a token making it compatible with external systems, allowing the exchange of these tokens on markets, and ensuring their use in creation of other products.

ERC20 provides four main actions:

• Obtaining the total number of tokens;
• Getting a balance on the account;
• Transferring tokens from one group to another;
• Confirming the use of the token as an asset.
BGX uses two types of token:
• PLATFORM TOKEN (BGX) — a token compatible with the ERC20 standard
that provides access to platform capabilities and supports its economy;

BLOCKCHAIN INTERACTION

BGX is implemented on top of the Ethereum blockchain system, and despite the mechanisms of off-chain transactions, needs to interact with the large blockchain.
To do this, each BGX node has a special BLOCKCHAIN LAYER. This layer manages the written and extracted data.
In addition to Ethereum, the project needs a connection with partner networks. A Listener is implemented for each of them:

Wanchain — implements cross-chain smart contracts;
Dash — digital Internet currency for instant transfers;
Ripple — cryptocurrency platform for payment systems, focused on transactions
with the exchange of currencies without return of payments.