“BGX” — icoTokenReviews.com
icoTokenReviews about BGX:
Token BGX
Pre — Sale Price 1 BGX = 0.07 USD
Price in ICO 1 BGX = 0.10 USD
Country Switzerland
Platform Ethereum
Website https://bgx.ai
Whitelist/KYC KYC & Whitelist
Restricted Areas USA, Canada
Pre — Sale 8th May 2018–14th May 2018 (Ended)
Public-Sale 5th Sep 2018–3rd Oct, 2018
Tokens for Sale: 500,000,000 (50%)
Soft Cap 4,000,000 USD
Hard Cap 50,000,000 USD
Total Token Supply 1,000,000,000
Token Supply Breakdown CROWDSALE-50%
DEVELOPMENT — 25%
FOUNDERS,ADVISORS,TEAM-20%
BOUNTY- 5%
Bonus Pre-Sale 30 %
Crowdsale First 48 hrs 25 %
Crowdsale Days 3–7 15 %
Crowdsale Days 8–14 10 %
WHAT IS THE PROJECT ABOUT?
• BGX is a decentralized financial platform for the mobile games industry powered by artificial intelligence.
• There is no market better for it than the mobile games industry, with 2bn technologically advanced, high-spending users relying on only a few centralized app markets, which charge exuberant fees from its developers while giving only the basics in return.
• BGX empowers game developers, players, app markets, and all other participants to have a far greater share of the $60bn market by providing smarter gaming and financial solutions.
IDEA:
• The BGX Company was formed and began developing the algorithm that would combine processing speed, low costs for transactions, and security in a decentralized environment. Such an algorithm was not meant to be a pure hypothetical, but instead applied to a market.
• BGX created a blockchain algorithm that processes up to 100,000 transactions per second at very low costs, while maintaining decentralization and unmatched security.
• BGX impressed large industry partners by lowering their financial costs threefold, by doubling the available channels of monetization, and by maximising user ARPU. BGX is the fastest, low-cost, and most secure decentralized method of payment processing.
PROTOTYPE PRODUCT:
• Link: https://play.google.com/store/apps/details?id=com.bgx
WHITEPAPER HIGHLIGHTS:
• BGX offers game developers, local and niche application stores, sponsors and players integrated ecosystem support in which the distribution of revenues and profits is managed in a transparent, decentralized way, and individual participants do not monopolize access to information.
THE BGX PLATFORM
• The BGX Company was formed and began developing the algorithm that would combine pro-cessing speed, low costs for transactions, and security in a decentralized environment. Such an algorithm was not meant to be a pure hypothetical, but instead applied to a market. The market of mobile games was chosen because of its high technological readiness, large number of P2B transactions, and the nature of such transactions.
• BGX is the first decentralized payment processing platform in the field of mobile applica-tions and mobile games specifically that can integrate the benefits of the crypto-economy in a practical way.
• The role:
o Node holder: An organization that installed BGX Platform site software on its servers and makes the platform available for use by other participants.
o Game developer: a studio or single developer uploads SDK — library, allowing him to connect BGX functions to their game. With each transaction, the developer receives 90% of the revenue, while 10% is provided to the platform.
o Player: The consumer of game products that have the BGX SDK enabled. The Player interacts indirectly with BGX through the game itself, but also has a virtual wallet that allows him to have an account, pay for virtual goods / tournaments with BGT Coins (or compatible gaming coins)
o 3rdParty AppStore: A regional or functionally dedicated gaming application store that implements content delivery functions. The store receives 90% of generated revenues
o Advertiser: Distributes advertising through API platforms, pays the cost of
ads in accordance with the established CPA / CPI;
o Blockchain agents: Facilitate the exchange of BGT Coins and BGX Tokens
with another currency and execute BGX’s smart contracts;
o Exchanges: Participate in the exchange of the BGX Token at the market rate.
• BGX is implemented as a full, decentralized platform, consisting of several components that interact with each other over the Internet using a specialized protocol for data synchronization.
The main components of the system:
• Node — one or more support nodes that facilitate the main functionality of the platform:
– File storage of installed game applications;
– Processing user accounts, issuing a virtual wallet and processing user debts;
– AI — a fuzzy neural network that monitors transaction parameters and
– other platform processes;
– Advertising function support;
– Emission of BGT Coins in proportion with the amount of BGX Tokens
– held;
– Interaction with exchanges in attached / detached mode.
• BGX Wallet — a virtual wallet with built-in support for the BGX Tokens and BGT Coins. Works as a client of a platform node, as well as a client of fiat systems when buying tokens for fiat money.
• SDK — a specialized component included in the games that produces seamless interaction with the functionality of BGX nodes without resorting to a wallet.
Distinctive feature:
BGX has a full-featured model that supports all ecosystem participants:
• Implementation on top of the Ethereum Blockchain, as a hybrid solution
• The platform focuses primarily on mobile gaming applications and supports all of the necessary functionality that forms a single ecosystem of developers, users-players, advertisers and partners;
• Ability to distribute games outside the stores of Google Play and App Store applications: search, rating, feedback, reliability check and infrastructure functions;
• Built-in (Native) system of advertising support and its monetization based on the system of “smart” contracts without intermediaries equipped with adaptive filters and automated conversion accounting subsystem;
• Support for modern gaming capabilities and monetization models, including tournaments in various modes, functions of augmented reality and the market of in-game products;
• Built-in AI-system based on neural networks that supports the main processes of the platform: smart registration of users, holding tournaments with the control of fairness (anti-cheating) and game promotion.
Token:
• The BGX Platform will have a dual token system
• The first token — the BGX Token — will be launched during the Token Generation Event and represent the right to participate on the platform.
• The second coin — the BGT Coin — is a utility coin exchanged on the platform as method of payment.
• 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.
• Advantages for the investors
o The ability to participate in the growing project; access to participation in the economy of the platform with the use of exchanges and other financial instruments
o Share in 60% of the profits generated by the rapidly growing mobile games Market
o The ability to exchange BGX Tokens for low volatility BGT Coins (platform internal currency) and pay for compatible game services.
• Advantages for Developers and Partners
o Low commission when purchasing through BGX payment mechanisms (no more than 10%)
o Built-in relevant advertising.
o Developers release their own tokens under the BGT Coin white label.
o Support of additional monetization functions (tournament, streaming, etc.)
o Reliability and security of payment mechanisms provided by the combination of blockchain and A.I.
o Game promotion on the crypto-connected platform and independent store / stores
• ADVANTAGES FOR PLAYERS
o The ability to buy game tokens for both fiat and for crypto currency
o Support for the overdraft function
o Ability to use low-volatile BGT Coins to pay for game functionality
o The ability to earn while playing
o Greater social mechanics behind the games: duels, tournaments, invitations
o Ability to output BGT Coins into fiat tools
o A virtual wallet representing a player’s account and a loyalty platform
o Transaction protection and referral system supported by AI.
HYPE:
• 5.6K + telegram users, 6.4K followers on Facebook and 3K Twitter followers.
• 3.9 ratings on ICO bench.
LONG TERM:
• Single-Node Alpha version User Wallet — Forming the first version of a processing node with the possibilities of buying and selling BGX Tokens and developing the main modules. Placing the user wallet as an independent app on the main app markets
• Multi-node Alpha Version: Forming a multi-node system with the ability to conduct decentralized processing and facilitating data exchange
• Beta version with AI module : Integration of external blockchain solutions, inclusion of AI functions in monitoring transactions, providing functions for app dissemination
• Automated token launch for game applications : Expanding partnerships with development organizations, forming a full SDK, including the module for sub-token emissions
• Unfolding of independent nodes : Unfolding the number of nodesan forming a stable BGX ecosystem
EXPERT REVIEWS:
“Processing 100k transaction per sec at low cost without compromising security is important for the industry. BGX got a good team to do it. Looking forward to see how the team execute it. Good Luck.” Farooq A Rahim (Founder — HeapX , Entrepreneur, Investor, ICO Advisor,BlockChain Strategist)
“Try as I might, I am not able to draw a line from this technical team to 100K TPS on a blockchain. I’ve reviewed the whitepaper and the Github code base, and I can’t connect the lines that shows me a path from the team to this very high number. I know a bunch of DAGs and other techs that may or may not get to 100K TPS, and all of them have a deep bench of experienced architects and seasoned senior developers.” Eric Stone (20+ year entrepreneur & tech veteran)
“BGX is a decentralized multifunctional platform for mobile games powered by AI. The BGX is planning to support the entire economy of the mobiles games ecosystem, which is a pretty bold and hard to reach statement. The team is lacking experience in my opinion, some having a bit more — but average at best. The project will face heavy competition and the team does not bring the experience needed to tackle such a big industry, dominated by big names. Additionally, the team is looking to raise a lot of money, whereas if they do not raise enough only basic functions will be available instead of more advanced. If the project wants to succeed they will also need some big name partnerships, which they are currently lacking (except DigitalXpert).” Dennis Oosting (ICO advisor & Founder at Serendipity Blockchain & Fintech Solutions)
