BGX ICO REVIEW–MOST POWERFUL DECENTRALIZED PROCESSING PLATFORM

nasirulislam (28)in #bgx • 6 years ago

BGX is a decentralized platform that is mainly designed to help in the mobile gaming space. It is entirely powered by Artificial Intelligence and is meant to work completely different from the ones that are currently found in the market.

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. Game developers and app markets can easily enter the crypto-economy with BGX. By using the internal token, they can monetize their games and access a large market, while paying only 10% commissions on their revenue. The commission structure is one-third of what Play Market and App Store often charge. In exchange, the developers and marketers can access a variety of game-related revenue channels that these larger platforms lack and can use many financial capabilities formerly only possible in the crypto-economy. Players have access to a virtual wallet system that allows them to benefit from a universal currency used across all games, to earn by viewing ads, to receive compensation for playing, and to participate in tournaments.

Official Presentation

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

Last video:

Token

Token: BGX
Pre-ICO Price: 1 BGX = $0.07
ICO Price: 1 BGX = $0.10
Accepted Currencies: ETH, LTC, BTC, and Fiat
Hard Cap: $50,000,000
Soft Cap: $4,000,000
Main Token Sale Start Date: 5th September 2018
Main Token Sale End Date: 3rd October 2018

Website | Whitepaper

Token Distribution

50% Distributed
25% Reserve
10% Founders
10% Bounty
5% Team

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, a 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 and game promotion.

Solution

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.

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

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

Payment Processing

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

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.

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.

Fraud Prevention

The technology of artificial intelligence is one of the currently trending topics and is at the forefront of progress. The total economic benefits 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 adaptations already.
The most adapted use scenarios19 are the following:
• Trading & Investments;
• Card-linked Marketing;
• Consumer Behavior Analytics;
• Fraud & Risk Management.

Machine learning can significantly reduce the risks of processing in payment systems. According to the PWC report20, more than 30% of banks already use AI to detect fraud and violation of payment gateways. AI is also able to identify the atypical behavior of counterparties and block this activity. New fintech startups also use Machine Learning to detect various types of fraud.

Market

BGX is the first integration platform in the field of mobile games equipped with artificial intelligence and with an emphasis on processing. This approach not only brings the technological solution to the market but also creates a democratic economic model for the participants in the ecosystem of mobile games. Currently, mobile games are experiencing significant growth. This market segment is also the one most ready for a practical transition into the blockchain, since it is already actively engaged in the virtual economy through internal game tokens and traded virtual goods. However, like any living ecosystem, mobile games are not without certain problems.

The absence of a specialized AI engine

In a distributed mobile game environment, millions of games are simultaneously participating. Different models of monetization are used, and the probability of dangerous and dishonest actions on the part of intruders is high. To provide a flexible and adaptive solution, a decentralized artificial intelligence system that solves specific game
tasks needed. Smart contracts of the Ethereum network allow for a distribution of profits in a determinate and open manner. At the same time, fuzzy tasks, a multivariate analysis of the environment to exclude the unfair holding of tournaments, require the application of A.I. In addition to the problem with fraud in the delivery of advertising that is described above, there are problems with tracking transactions when a user loses private keys. Moreover, there are specific user-interaction tasks, such as developing recommendations for games, matching in tournaments, etc.

Ecosystem

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.
Game developer: 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 an a virtual 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

Roadmap

The achievement of all goals is laid out in this roadmap. We are continually working to meet deadlines, but if delays are required to maintain high standards, the timeline will be be adjusted as necessary.