BGX – The Decentralized Digital World

INTRODUCTION

Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

As more technological advancements are uncovered, BGX, a multifunctional processing platform in the field of mobile games, powered by artificial intelligence has arrived. came on board.

ADVANTAGES OF BLOCKCHAIN IMPLEMENTATION

Decentralized Payment Processing

The payment processing framework for global commerce is based on a centralized system which requires the services of third-party authenticators. These third-party agents are responsible for ensuring the fidelity of the global payments system and they charge fees for their services. One of the fundamental philosophies behind the operation of the blockchain is the removal of these third-party agents and their associated cost of trust and replacing them with a robust, functioning distributed ledger payment framework.

Creating an Immutable System of Record

The blockchain is the first successful implementation of the distributed ledger framework. On public blockchains, the distributed ledger constitutes an immutable system of records that is available to all participants. The immutability of a blockchain ensures that it is tamper-proof.

Reducing Cost of Transaction

Payment processing remains the basic level of commerce but it is one that has not seen much in the way of evolution since the emergence of fintech protocols. Blockchain technology has the potential to disrupt commerce by causing a paradigm shift in the mechanism by which transactions are carried out. The fees charged by third-party actors and middlemen in the payment chain constitute a considerable portion of the cost of transactions. By eliminating the middlemen, the cost of transaction is materially diminished.

Enhanced Security

Operating on a multinational scale opens up any enterprise to the activities of hackers looking to breach the structural and functional integrity of the platform. Blockchain technology offers a robust security framework that makes it difficult for hackers to make an incursion into the platform. There is no central point of failure and hence no single point of entry for malicious digital attacks. This ensures the safety and security of the data collected by field agents and the payment processing network. that provides an accurate accounting for the entire platform.

ABOUT BGX?

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.

OBJECTIVES OF BGX

BGX has many objectives for their platform which include having mobile applications for both Android and IOS. The majority of mobile gamers are using these platforms, and so by releasing the games on both, it opens up to a larger market. BGX also wants to have a smooth payment processing system that will be able to process fiat and cryptocurrency transactions efficiently. BGX understands that cryptocurrency is new and may be hard for gamers to understand right off the bat, and so they are creating user-friendly implementations like the independent processing system.

A user wallet will also be crucial, so that gamers don’t need to worry about multiple wallets, but can instead have all of their payments go through one easy location. Developers will want a separate system and so BGX plans to create this, which will help make the accounting easier for the developers when they are receiving or sending tokens.

Monetization will be key for the developers since it will be their main income source, and important for the players if they are rewarded for watching ads etc and so BGX plans on building easily integrated plans. Highscores lists and achievements can be easily messed up in the traditional system and so BGX is designing an AI control to keep accurate data to make sure the experienced gamers are rewarded.

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 Dev SecOS 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.

“The BGX mission is to make an AI-Powered processing platform opened up by game abilities to democratize the multi-billion mobile games industry”

The Advantages

It uses advanced self-learning artificial intelligence fuzzy network that elimi-nates fraud.

The off-chain hybrid approach to processing transactions enables the BGX platform to process more than 4,000 transactions per second, at a speed and capacity far superior to the Ethereum blockchain.

The double-token system separates the interests of the investors and the us-ers, so that the investors can benefit from significant rise in token price, while the econ -omy remains stable through a stable coin.

The revenue sharing club enables BGX token holders to share in the revenue of the platform, while the tiered system incentivizes holding of the token, raising its price.

BGX is an open-sourced, truly decentralized project. At the same time, it is a technology — not a protocol.

BGX offers 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.

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.

The 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.

TOKENOMICS

They 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

Token Info

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