Skip to main content

BGX PROJECT OVERVIEW


The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet.
Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is BGX
You may be contemplating on the crypto coin that will be best for your investment. You might have even found yourself investing in one of these Cryptos but you did not gain your profit as you expected because, some developers, after hitting their target and making a huge sum of money, dropped the project, and left investors in the middle of no where. All hopes are not gone. Lets start a new page in you new or next journey to investment for profitable earnings. I will be introducing you to BGX, a multifunctional processing platform in the field of mobile games, powered by artificial intelligence.

BGX PLATFORM
BGX is a multifunctional processing platform in the field of mobile games, powered by artificial intelligence. Possessing significant functionality and modern architecture, BGX provides financial support and brings the power of the crypto economy into the world of mobile games. The BGX token issue is limited to a one-time release of 1 BLN tokens on the Ethereum platform in the ERC20 standard. The sale of BGX tokens will take place in the period of Apr 24,2018-May 14, 2018 and offers a system of discounts and bonuses.
BGX offers game de-velopers, local and niche application stores, sponsors and players integrated ecosystem support in which the distribution of profits is managed in a transparent, decentralized way, and individual participants do not monopolize access to information. The proposed solution is the synergy of efforts between three groups of developers who have united in BGX and have been developing their own technology solutions for several years. These include the developers of financial processing systems, developers of research projects in the field of artificial intelligence, and mobile content delivery systems developers.
MISSION
BGX’s mission is to use the computing platform with artificial intelligence technology amplified by the game’s ability to democratize the multi-million dollar mobile gaming industry. We believe that in the era of decentralization, the application market cannot remain under the control of a few suppliers. To create solutions, the ecosystem must be united. For this purpose, the entire platform (with the exception of the BIFROST Funding Module) will be available as open source. Any developer can join the platform and develop it as part of the gaming community.
How It Works?
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.

The functionalities of BGX include:
A distribution system for gaming applications on Android and iOS;
Independent processing of fiat and crypto transaction, including support for overdraft;
A virtual player payment wallet;
A subsystem for token emission by developers;
Support for common monetization models;
A powerful engine of artificial intelligence that controls the ongoing transactions and scoring of the players.

BGX Platform

One of the platform’s founders formulated the idea of BGX in early 2017, after which he invited three distinct technology groups that were developing independent solutions to participate in the project:
  1. The XELOPES Project (St-Petersburg) on the study of the opportunities of artificial intelligence in the field of controlling financial flows under the leadership of Dr. Barseghyan and professor of State Voronezh University A.P. Parkhomenko. The XELOPES project has been developing since the early 2000s and has numerous implementations in the projects of BASF AG, Deutsche Post AG, GlaxoSmithKlineand other customers;
  2. The QUICKLINK Project (Toronto, St-Petersburg)by an innovative Canadian company DigitalXpert Inc. implements a processing core for micro transactions;
  3. The TITAN Project (Vietnam) — developing a mobile messaging client with the capabilities of a crypto-wallet (Extensible Messaging and Presence Protocol — XMPP, Multi-End Message & Object Encryption — OMEMO, Off the Record Messaging Protocol — OTR).

BGX Solution

BGX is a complete solution that supports mobile game features and combines the abilities 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, and distribution to millions of players, and fees of less than 10%. Players get an opportunity 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 potential far superior to the Ethereum blockchain, and enables all to share in its revenues.
  • Decentralized App Market: Implementation of an additional distribution channel for games with the ability to verify and promote applications.
  • Native: User hints and matching, verification of tournament results using a distributed neural network.
  • Cryptocurrency Exchange: Assistance 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.

BGX Focus


BGX Features

BGX is implemented as a 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 include:

Nodes: that facilitates the main functionality of the platform:
  • File storage of installed game applications;
  • Processing user accounts, issuing virtual wallets, processing user debts;
  • AI — a neural network that monitors transaction parameters and other platform processes;
  • Advertising function support;
  • Interaction with exchanges.
BGX Wallet — It’s a virtual wallet with built-in support for BGX and BGT currencies. 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 enables interaction with the functionality of BGX nodes without resorting to a wallet.

BGX Infrastructure


BGX Advantages

Advantages for the investors:

  • 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;
  • Share in 60% of the profits generated by the rapidly growing mobile games market;
  • 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:

  • Ability to connect their games to the core features of the crypto economy, including payment by cryptocurrency;
  • Low commission when purchasing through BGX payment mechanisms (no more than 10%);
  • Platform-wide currency-based methods of increasing user engagement (compensation for the behavior of downloading a game, playing it, or completing certain tasks);

Advantages For Players:

  • The ability to buy game tokens for both fiat and for cryptocurrency;
  • Support for the overdraft function;
  • Ability to use low-volatile BGT Coins to pay for game functionality;
  • Ability to output BGT Coins into fiat tools;
  • A virtual wallet representing a player’s account and a loyalty platform;

Blockchain Impact

The Blockchain is one of the most innovative technologies in IT. The essence of this technology consists of the decentralized storehouse of information in an environment without trust. Blockchain consists of nodes maintained by the miners; each node contains a chain of blocks, which are a set of transactions signed by cryptographic functions. The benefit of a decentralized approach is in the democratization of the decision- making profit distribution and an identical decrease in the share of business spending operations.

Blockchain Cooperation

BGX is implemented on top of the Ethereum blockchain system, and despite the mechanisms of off-chain transactions need to interact with the large blockchain.
To do this, each BGX node has a special BLOCKCHAIN LAYER. This layer controls 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 immediate transfers;
  • Ripple — cryptocurrency platform for payment systems, concentrated on transactions with the exchange of currencies without the return of payments.

Node Structure


Cyber Security & Data Protection

  1. An information security policy — BGX has established, reviews and regularly updates its information security policies. These policies provide the basis for all management decisions that could, in any way, influence the BGX value chain which includes, but is not limited to BGX itself, its employees, consultants, contractors, investors, and suppliers.
  2. Organization of information security — BGX clearly explains all security-related roles and responsibilities and, where relevant, mandates strict segregation of duties.
  3. Human resource security — BGX applies appropriate levels of scrutiny to personnel prior to and, where necessary, during engagement/association with BGX.
  4. Asset management — Due to its distributed nature, BGX has necessarily adopted a three-layer ‘Responsibility’ model for assets that operate as part of the BGX network.
  5. Access control — BGX’s Identity and Access Management (IDAM) model operates a layered series of interoperable ingress and egress access controls to and from its network and network-based services.
  6. Cryptography — BGX follows NIST’s best practice ‘Cryptographic Directives, Mandates & Policies’ as outlined in Special Publication 800–175A; ‘Cryptographic Standards’ from SP 800–175B, and follows Key Management processes according to NIST 800–57.
  7. Physical and environmental security — Secure areas, equipment, physical equipment security, physical access controls. Due to the classified nature of BGX’s systems, however, the physical and environmental elements are secure by design.
  8. Operations security — BGX documents its security-related operational procedures and attributes responsibilities, where appropriate, inappropriately controlled RACI (Responsible, Accountable, Communicated, Informed) matrices.

Fraud Prevention

The technology of artificial intelligence is one of the currently trending topics and is at the forefront of development. The total economic profits from the introduction of AI are estimated to be $36.8 billion by 202518. Technological giants such as Google, Amazon, and Microsoft spend up to $40 billion per year on AI-related technology, especially in five main areas: robotics, autonomous transport, computer vision, virtual agents and machine learning. The technologies listed above have various practical use adjustments already.
The most adapted use scenarios19 are the following:
  • Trading & Investments;
  • Card-linked Marketing;
  • Consumer Behavior Analytics;
  • Fraud & Risk Management.
A feature of the mobile gaming market is a large number of non-professional ecosystem participants, whose behavior is difficult to ascertain by a deterministic description. In this case, algorithms with fuzzy logic or algorithms based on neural networks come to the rescue.

BGX Platform Currency And Token Sale

The BGX Platform will have a dual token system. This system avoids the negative impact of token volatility on the platform’s everyday economy and aligns the motives of those holding the coin waiting for it to recognize in value with those of the users, preparing to associate with the platform.
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 a method of payment.

Token and ICO Details
Token: BGX
Platform: Ethereum
Type: ERC20
PreICO Price: 1 BGX = 0.07 USD
Price in ICO: 1 BGX = 0.1 USD
Bonus:Pre-Sale: 30 %
Crowdsale First 48 hrs: 25 %
Crowdsale Days 3-7: 15 %
Crowdsale Days 8-14: 10 %
Investment Info
Accepting: ETH, BTC, LTC, Fiat
Distributed in ICO: 50 %
Soft cap: 4,000,000 USD
Hard cap: 50,000,000 USD
Crowdsale Timeline
May 8, 2018 - Pre-sale starts

Token Distribution

RoadMap

Pre-2017
Development of Xelopes Core and processing platform
Building distinct technological module sand testing the mincommercial projects
July, 2017
Product concept
Forming an overall vision of the product, marketing studies, team formation
October, 2017
Creation of the architecture and prototype
Creating an abstract architecture and making the main technological decisions, building a model for neural network learning
April, 2018
Creation of the MVP
Forming the product prototype to provide the user with the main functions, developing specifications, confirming the product’s features
May, 2018
Token Generation Event
BGX token crowdsale
September, 2018
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
December, 2018
Multi-node Alpha Version
Forming a multi-node system with the ability to conduct decentralized processing and facilitating data exchange
April, 2019
Beta version with AI module
Integration of external blockchain solutions, inclusion of AI functions in monitoring transactions, providing functions for app dissemination
September, 2019
Including external nodes into file exchange
Forming automated data exchange with external systems, signing up external app markets
March, 2020
Automated token launch for game applications
Expanding partnerships with development organizations, forming a full SDK, including the module for sub-token emissions
July, 2020
Unfolding of independent nodes
Unfolding the number of nodes and forming a stable BGX ecosystem
Team

BGX Advisors

For more information, please visit the links i have provided below;
Website: https://bgx.ai/
Author: BrainerdPaul

Comments

Post a Comment

Popular posts from this blog

ENCRYBIT ICO OVERVIEW

The idea of cryptocurrency has evolved and transformed over the last decade and in response to this advancement, the market has witnessed the emergence of crypto exchanges pop up all around the world. The global cryptocurrency market started 2018 with a bang, hitting a record high of $700 billion in market capitalization. All signs point toward an increasingly large cryptocurrency exchange market as new crypto traders continue to join exchanges. With over 500 exchanges and growing to trade through, it’s become increasingly valuable to understand the key pieces of news and information which differentiates the sharks from the minnows. Here is the deal ENCRYBIT is revolutionizing cryptocurrency exchange which features enriched trading platform for modern and enhanced trading experience. ENCRYBIT EXCHANGE PLATFORM Encrybit is the first cryptocurrency exchange with a modern trading platform that sets it apart from the traditional style of exchanges available in the current mar
8 comments
Read more

HONEYPOD - A Revolutionaty Platform Changing The Internet Forever

In the age of globalization and information, cybersecurity becomes, without a doubt, one of the major concerns all over the “Internet of Things” in the whole world. Main challenges here are related to browsing experience that provides opportunities for cyber crimes regarding intellectual property, personal identity verification, and personal data protection. The privacy is often violated through malicious software and sensitive information is collected without notifying consumers. Lack of privacy is a pressing issue among internet users, whereby their activities are being watched and tracked HoneyPod has developed revolutionary platform which is here to provide solutions to these issues. Honeypod is so small it can fit in the palm of your hand. Simply connect Honeypod to your internet conneciton, watch it begin to glow, and immediately start protecting your entire home internet. Honeypod is privacy focusing device connected to your router to remove the ads and tracking syst
Post a Comment
Read more

WETCOIN - The easiest way to enter the blockchain universe

thumb_down The Blockchain Technology keeps on expanding in ubiquity and also its appropriation because of its genuine utilize cases in different parts by people, firm, and governments. The revolutionary technology impacting different industries miraculously was introduced in the markets with its very first modern application Bitcoin. The influx of people into the cryptocurrency market has made an astronomical rise in the adoption of blockchain technology, embracing the new technological innovation has helped reshape the world. In this sea of inovation and new technologies i will be introducing you to a visionary project that come to life in the form of ICO's and today i am going to present you with one of the most promising ones on the market which is  WETCOIN. About WetCoin Wetcoin is a decentralized and independent coin in Bitshares, the blockchain with fast transactions and extraordinary scalability. The easiest way to launch the blockchain universe. The first
Post a Comment
Read more