BGX

BGX

Created using Figma
Created using Figma

Last Update

May 21, 2018

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 used the algorithm to build a platform that is ideal for financial processing in a large market, reliant on microtransactions, such as the $60bn mobile games industry. 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.
SALE
Sep 5, 2018
Oct 3, 2018
100% completed
Raised funds - no Data
past
  • 1 BGX
    =
    0.1 USD
PRE-SALE
May 8, 2018
May 14, 2018
100% completed
Raised funds - no Data
past
  • 1 BGX
    =
    0.07 USD
Token Details
Ticker
BGX
Accepted Currencies
ETH, BTC, LTC, FIAT
Company Details
Registered Country
Canada
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
KYC
Yes
Categories
Platform, Cryptocurrency

About BGX

BGX unites players in the gaming industry, providing functionality depending
on the role:
• Node holder: An organization that installed BGX platform site software on its servers and makes the platform available for use by other participants. The first node is set up by the BGX organization, passing all the code to its partners. The playing user perceives the node as an app store for games and as the server component of the virtual wallet. In return for supporting the node, the holder receives a part of the commission for processing.
• Gamedeveloper: A studio or single developer uploads SDK — library, allowing him to connect BGX functions to their game. The developer does not need to adapt his game but uses ready-made templates for connecting to BGX functions. With each transaction, the developer receives 90% of the revenue, while 10% is provided to the platform;
• 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 avirtual wallet that allows him to have an account, pay for virtual goods / tournaments with BGX tokens (or compatible gaming tokens), take out overdraft, buy tokens in store in exchange for crypto- or fiat currency, to receive offers based on loyalty and game participation;
• PartyAppStore: A regional or functionally dedicated gaming application store that implements content delivery functions, but leases payment functions from the BGX platform. The store receives 90% of generated revenues it then shares with game developers accordingto their own policies;
• Advertiser: Distributes advertising through API platforms, pays the cost of ads in accordance with the established CPA / CPI;
• Blockchainagents: Facilitate the exchange of BGT Coins and BGX tokens with another currency and execute BGX’s smart contracts;
• Exchanges: Participate in the exchange of the BGX token at the market rate.

Features

BGX has a full-featured model that supports all ecosystem participants:
• Implementation on top of the Ethereum Blockchain, as a hybrid solution — with a system of dedicated nodes and the ERC-20 BGX token. Supports hot and cold user wallets, currency exchange, virtual player wallet and overdraft function;
• 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.

Technical Info

The basic requirements for architecture are formed through the following attributes: scalability, performance, security, reliability, and so on.

The ideal architecture of the processing system should be the following:
• Highly scalable (support up to 1000 nodes, at least 2 million applications);
• Productive (no less than 3000 transactions per second);
• Secure (corresponding to security standards in the field of payments, trained with AI);
• Reliable (no less than 99.999% availability);
• Flexible in use (expandable in connection with new models of monetization);
• Interoperable (interacting with various payment gateways and blockchain eco-systems).

Responding to these requirements, BGX has a service architecture that includes several interacting components:                                                              • Node — The main part of the platform, represents the server functionality. The system can contain up to 1000 nodes interacting witheach other using a protocol implemented on the Hashgraph. All nodes are equal and can perform distributed processing. With Nodes through the API, external clients — the wallet application (BGX Wallet) and the installation manager (App Manager) interact;
• User wallet (BGX Wallet) — External application (web, Android, iOS), maintains the user’s game wallet, buys and sells tokens and their exchange;
• The installation manager (App Manager) downloads and installes games, deletes and updates them;
• SDK implemented in the game, realizes the payment functions within the game.

 

BGX Roadmap

  • PRE-2017

  • Development of Xelopes Core and processing platform
  • July 2017

  • Product concept
  • October 2017

  • Creation of the architecture and prototype
  • April 2018

  • Creation of the MVP
  • Read More
  • May 2018

  • Token Generation Event
  • September 2018

  • Single-Node Alpha version User Wallet
  • December 2018

  • Multi-node Alpha Version
  • April 2019

  • Beta version with AI module
  • September 2019

  • Including external nodes into file exchange
  • March 2020

  • Automat ed token launch for game applications
  • July 2020

  • Unfolding of independent nodes
  • PRE-2017

  • DEVELOPMENT OF XELOPES CORE AND PROCESSING PLATFORM. Building distinct technological modules and testing them in commercial projects.
  • Development of Xelopes Core and processing platfor

  • Building distinct technological module sand testing the mincommercial projects
  • July, 2017

  • PRODUCT CONCEPT. Forming an overall vision of the product, marketing studies, team formation.
  • 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.
  • 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.
  • 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.
  • Token Generation Event

  • BGX token crowdsale
  • 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.
  • 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 disseminatio
  • Including external nodes into file exchange

  • Forming automated data exchange with external systems, signing up external app markets
  • Automat ed token launch for game applications

  • Expanding partnerships with development organizations, forming a full SDK, including the module for subtoken emissions
  • Unfolding of independent nodes

  • Unfolding the number of nodes and forming a stable BGX ecosystem

Activity

Activity:
70
LOW
Posts:
2 456
VERY HIGH
Views:
11 393
VERY HIGH
Activity:
434
VERY HIGH
Merit:
108
MEDIUM
Posts:
4 844
VERY HIGH
Views:
34 950
VERY HIGH
Users:
1 953
VERY HIGH
Posts:
277
MEDIUM
Followers:
7 716
HIGH
Likes:
7 587
HIGH
Rating:
5
VERY HIGH
Reviews:
109
HIGH
Followers:
3 289
MEDIUM
Tweets:
324
HIGH
Members:
3 326
MEDIUM
Alexa
Rank:
1 001 189
VERY LOW
Delta:
246 920

Participation in events

Team

Verified 60%

Attention. There is a risk that unverified members are not actually members of the team

Co-founder, Business Development Director
verified
Co-founder, Operational Director
verified
Co-founder, Technology Director
verified
Mobile Development Leader
unverified
Delivery Director
unverified
Product Development
verified
Crypto-Finance Officer
verified
Brand Manager
verified
Product Manager
unverified

BGX Interviews

IGOR MISHENEV
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
It feels great to be in the beginning of something so transformative. I am very proud of my team and the sheer significance of what we're implementing. I look forward to BGX becoming commercially available for everyone to benefit!
COSTA ZAKHAROV
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
The BGX project is firmly based on three pillars: 1) economic practicability, 2) technological advantages, and 3) decentralization as key to unlocking value.

I am the Co-Founder and the Operational Director of the project. I am heavily involved in the formation of the business processes of the platform. I'm not afraid to use banalities, because BGX will be truly revolutionary for the mobile games industry.
VALERY KHVATOV
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
The BGX platform combines many technological developments that put it at a great distance to the status quo. Off-chain - Blockchain hybrid financial processing, the use of the Gossip protocol, highest security measures, and of course, the fuzzy neural network (AI) enable BGX to implement scalable and effective solutions for the mobile games industry. The teams behind the project include top-tier research facilities, innovative IT development firms, and many talented individuals coming together for this common goal. One of the most complex and yet, fascinating projects in my career.
ALLA WIELICZKER
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My role on the project is product development. It feels great to be a part of something bigger - an infrastructural project of this scale, which can permanently solve large problems of the mobile games industry. BGX is secure, powerful, capable and offers not only many financial functionalities, such as an overdraft and personal wallet, but also game-related functionalities that can help studios monetize themselves far more efficiently. I am inspired by the change BGX can bring and look forward to our ICO.
ALEXANDER KHVATOV
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As a crypto-finance officer, I couldn't be more proud of this project. The tokenomics are very sound and are a natural leap forward for the mobile games industry. The economy is protected from volatility by a stablecoin and microtransactions are processed instantly. Full security from fraud and cheating further guarantees stability. BGX is a great project to be a part of!
NICK ZAKHAROV
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am a brand manager of the BGX project. The entire team is working hard to build something incredible for players, game developers, and app markets alike.

Last News

4.07
positive
5.0 3
ICO Profile Vision Activity Potential Product Team

BGX Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

BGX is a multifunctional artificial intelligence powered platform which allows game developers to monetize their games and widen their markets. It provides financial support and uses an internal token system to introduce the capabilities of crypto-economy into the sphere of mobile games. BGX also gives players access to a virtual wallet system through which they can earn by viewing adverts, get compensation for playing and take part in contests.

PROS

1.    BGX uses an alternative off-chain hybrid method of processing transactions that allows it to process over 4,000 transactions every second. Such a speed is by far more superior to that of Etherum, blockchain.

2.    It features a double token system that separates the requirements of users and investors; the latter group benefits from a continued increase in token price while the fact the economy will remain stable means the players’ needs are catered for.

3.    Game developers stand to benefit from low commissions on revenue. The 10 % charged is only a third of the commission other alternatives such as App Store and Play Store charge.

4.    The system uses high-speed, high-capacity technological infrastructure that steadfastly facilitates high-speed transactions.

5.    BGX delivers a broad range of functionalities that include a distribution system for gamin gap on IOS and Android, independent processing of crypto and fiat transactions and a sub-system for token release by developers.

6.    The BGX token fully integrates the platform into the crypto economy; allowing the stakeholders of the mobile game ecosystem to exchange game tokens among themselves, join a gaming community of their choice and access other platform services.

7.    The income sharing club gives BGX token holders an avenue to share in the profits of the platform, whereas the tiered structure incentivizes keeping the tokens effectively raising its price.

8.    The powerful system of artificial intelligence reliably controls all transactions and accurately records the earnings of players ensuring the platform remains truthful and secure at all times.

CONS

1.    The platform token (BGX) and App token (BGT) also called game token are not compatible.

2.    The platform only focuses on mobile games locking out potential customers who use other devices

3.    It is not compatible with other operating systems like Windows 8 and Symbian

SUGGESTIONS

1.    Introduce a means to make BGT volatile only when it is being used to play and make it compatible with BGX so a user can switch from a developer to player as they wish.

2.    Diversify to games played using other devices.

2.    Integrate BGX with all the common mobile phone operating systems.

Read More
expert-coin.com
reviews

Strengths: very extensive market research which covers the state and global trends in mobile games, apps and mobile industry; great vision. Market potential is clearly explained. Very informative WP with detailed description of platform’ architecture and functionality.

Weaknesses: no financial plan/projections, no marketing plan, no competitor analysis. Team misses financial and blockchain experts. The market is saturated and detailed competitor analysis is required.

Read More
bitcoinexchangeguide.com
reviews

BGX is a newly developed, in-depth platform that is offering solutions to the mobile game industry. And it also features the best capabilities of blockchain technology as well as advanced Artificial Intelligence with the advanced networks.

Developers and gamers alike will be able to use the app market to buy, sell and trade games as well as connect with millions of players around the world. Fees are under 10% and can be paid for with their token. People will also get to make money via playing the games and exchanging tokens between games and fiat money.

The platform is completely open-sourced and protected from the normal volatility that occurs with the speed, capacity and reliability of the Ethereum Blockchain, and also to help people share in the revenues. If you’re looking to get involved with the platform and love to game or make games, BGX is an ideal cryptocurrency for you and can be found at Bgx.ai.

Read More
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