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 usemany financial capabilities formerlyonly possible in the cryptoeconomy.
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.
The BGX Token issue is limited to a onetime release of 109 tokens on the Ethereum platform in the ERC20 standard. There will be a one-week long pre-sale of BGX Tokens from May 8, 2018 to May 14, 2018. The main sale of BGX Tokens will take place between May 22, 2018 and June 19, 2018 and offer a system of discounts and bonuses.
"The BGX mission is to create an AI-Powered processing platform amplified by game capabilities to democratize the multi-billion mobile games industry"
_________THE BGX PLATFORM HAS SEVERAL KEY ADVENTAGES_________
- It uses advanced self-learning artificial intelligence fuzzy network that eliminates 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 token-stablecoin system separates the interests of the investors and the users, so that the investors can benefit from significant rise in token price, while the economy 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 tech-nologically-adaptive and profitable industries — mobile games. Join us and “Be in BGX”.
__________OUR USERS__________
- GAME DEVELOPERS
BGX provides a set of fully controlled services with a wide range of functionalities and effective crypto-currency integration. The services offered allow developers to implement their mobile game logic and focus on the gaming process, using the platform’s processing capabilities for accelerating and simplifying development and advancing monetization. Additional capabilities include using the growth potential of the BGX token to elevate the revenues of their games.
- PLAYERS
receive the ability to earn from their games, to convert in-game currencies into real world money or transfer them between games, to automatically receive a virtual wallet, to collect bonuses, to access the overdraft spending program, and to compete for prizes.
- 3RD PARTY APP STORES
increase their audience conversion, open new channels for game distribution and realize additional returns on investment through the financial capabilities of the BGX Platform. Also, single token economy that allows for easy stable crypto-currency integration and emission for any app market or developer on the platform.
- BGX TOKEN HOLDERS
BGX token holders have ability to participate in the growing project (platform encourages engagement and spending more than any other app market, amplifying this effect), share in its revenues (60% of most transaction commissions go to BGX token holders and nodes), and access its economy.
__________SOLUTIONS__________
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 ARTIFICIAL INTELLIGENCE ENGINE
User hints and matching, verification on 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
- MONETIZATION MODELS
In-app purchases, tournaments, advertising capitalization, and much more...
__________THE BGX PLATFORM__________
One of the platform’s founders formulated the concept of BGX in early 2017, after which he invited three distinct technology groups that were developing independent solutions to participate in the project:
- The XELOPES Project (St. Petersburg) — the study of the possibilities 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, GlaxoSmithKline and other customers;
- The QUICKLINK Project (Toronto, St. Petersburg) — by an innovative Ca- nadian company DigitalXpert Inc. implements a processing core for mi- cro-transactions;
- The TITAN Project (Vietnam) — building a mobile messaging client with the capabilities of a crypto-wallet (Extensible Messaging and Presence Pro- tocol — XMPP, Multi-End Message & Object Encryption — OMEMO, Off the Record Messaging Protocol — OTR).
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.
__________MODAL ARCHITECTURE__________
BGX uses modal architecture, where each module represents its own functional group and is developed by a separate team. All code will be accessible through GitHub.
__________BUSINESS MODEL__________
__________TECHNOLOGY__________
- BLOCKCHAIN IMPACT
The Blockchain is one of the most revolutionary technologies in IT. The essence of this technology consists of the decentralized storage of information in an environment without trust. Blockchain consists of nodes supported by the miners, each node contains a chain of blocks, which are a set of transactions signed by cryptographic functions.
The advantage of a decentralized approach is in democratization of the decision making profit distribution and a corresponding decrease in the share of business spending operations.
After Ethereum appeared in 2014, it became possible to perform additional functions with the nodes: the calculation of smart contracts. One of the most important achievements of this technology is the formation of a completely new economic paradigm.
Cryptocurrency transactions on the blockchain between one storage address and another are verified in the network nodes using one of the verification mechanisms: Proof-of-Work or Proof-of-Stake. Such mechanisms enable a consensus among the participants in determining if the records in the distributed database are written correctly or not. The records of transactions are stored in an open, but not changeable form. The addresses participating in the cryptocurrency transfer maintain anonymity and do not disclose their owners. This makes public audits of records possible, prevents malicious acts, censorship and excessive regulation. The appearance of some value in cryptocurrency makes it possible to exchange it for real (fiat) money, allows cross-border transfers and independent storage of funds outside centralized banks.
This phenomenon intensified with the introduction of secondary cryptocurrencies to the market, allowing one to tokenize the functions of applied systems, create one’s own payment systems, trade them on stock exchanges, and create new models of monetization.
Currently, there are dozens of popular blockchain networks that have generated a whole set of tasks for their exchange and payments in these currencies.
BGX is built as an information system that is a part of the crypto economy with a focus on mobile games. BGX interacts with several blockchain networks through special drivers (listeners), allowing one to make payments in various cryptocurrencies and writing data to the Ethereum blockchain.
- ETHEREUM, SMART CONTRACTS AND ERC20
Ethereum is a decentralized platform for creating blockchain based services. The basis of this platform is smart contracts: small programs that are run by Ethereum nodes under specific conditions. Such smart contracts are written in a special interpreted programming language (for example, on Solidity).
In fact, Ethereum is a distributed virtual machine, the nodes of which are supported by the miners receiving gas - payment for the computing power provided.
Inside Ethereum, decentralized applications (DApps), similar to sites on the Internet, implement their own functions. Just as tokens in an amusement park represent the right to access a carousel, DApps have their own tokens, allowing users access to these functions dependent on the number of tokens.
The ERC20 standard is a technical specification for a token that making it compatible with external systems, allowing the exchange of these tokens on markets, and ensuring their use in creation of other products.
ERC20 provides four main actions:
>> Obtaining the total number of tokens;
>> Getting a balance on the account;
>> Transferring tokens from one group to another;
>> Confirming the use of the token as an asset
BGX uses two types of token:
>> PLATFORM TOKEN (BGX) — a token compatible with the ERC20 standard that provides access to platform capabilities and supports its economy;
>> APP COIN (BGT) is a fixed application-level coin (game coin) that has a standardized cost and protects gaming applications from the volatility inherent in crypto platforms. BGT is not compatible with ERC20.
- BLOCKCHAIN LIMITATION
The capabilities of blockchain systems are impressive for many applications, especially in terms of storing immutable information. However, when it comes to creating a payment system, there are a number of limitations. A dedicated node of Ethereum has a theoretical transaction limit of 1,000 per second determined by the available gas consumed for each unit it generates. However, even this limit is not achievable . The real speed is currently 7 Tx/s. In this sense, direct blockchain transactions (on-chain) are expensive and slow, making their use in the gaming industry inapplicable.
The situation with storing large pieces of information directly in the blockchain is much worse. According to BITINFOCHARTS estimates , the average transaction cost for Ethereum (average tax costs) is approximately USD $0.038. A record of 1kb costs USD $0.25-0.32, which is quite noticeable (USD $76,000 per GB of storage).
Given the data of the mobile gaming market, the following necessary requirements can be approximated for the BGX system:
>> The number of users (the whole market) is 1.5B. If the system takes 20% of
the market in 5 years, it will be 300 million users;
>> Considering that the average user makes 1 transaction per day, the required
through put is met: 3,472 transactions per second;
>> Assuming an average transaction for 200B, this produces traffic of 694Kb per
second or 6Gb per day. That would cost USD $456,000 on Ethereum — just
per day.
Thus, the dynamic recording in the Ethereum blockchain is impossible under the current conditions.
- ON-CHAIN AND OFF-CHAIN APPROACH
A natural way to improve the situation is to perform operations outside the blockchain, using blockchain only for operations that require external connections (for example, withdrawal of funds in Ethereum). This approach is called off-chain and is now being developed for popular blockchain systems:
- Lightning Network (Bitcoin);
- Raiden (Ethereum, compatible with ERC20);
- Plasma (autonomous smart contracts);
- OmiseGO (based on Plasma).
On-chain and off-chain transactions coexist and allow a balance between the required speed and load. Since the current off-chain solutions are under development, the following hybrid solution will be used in BGX until a stable solution is obtained:
>> Within one node, it is planned to have developers deposit BGX, which would al-low them to perform transactions with the BGX Tokens within the set limits (BGT Coins for players have no limits);
>> To exchange data between nodes, the Hashgraph blockchain will be used, since it has the acceptable parameters to conduct the necessary traffic through a node.
- BLOCKCHAIN INTERACTION
BGX is implemented on top of the Ethereum blockchain system, and despite the mechanisms of off-chain transactions, needs to interact with the large blockchain.
To do this, each BGX node has a special BLOCKCHAIN LAYER. This layer manages 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 instant transfers;
>> Ripple — cryptocurrency platform for pay-ment systems, focused on transactions with the exchange of currencies without return of payments.
- 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. This model establishes pre-requisite role- and attribute-based user & end-user device criteria to granting access, authorizing specific actions, and applies appropriate levels of activity monitoring/logging for audit/accounting urposes. Enhanced controls (multi-factor authentication) are used for all privileged accounts, roles and actions.
- 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.
- PHYSICAL AND ENVIRONMENTAL SECURITY
Secure areas, equipment, physical equipment security, physical access controls. Due to the distributed nature of BGX’s systems, however, the physical and environmental elements are secure by design.
- OPERATION SECURITY
BGX documents its security-related operational procedures and attributes responsibilities, where applicable, in appropriately controlled RACI (Responsible, Accountable, Communicated, Informed) matrices. Change management, capacity management, back-up & archive, control of operational software/firmware/ hardware, technical vulnerability management, Information systems audits, Logging & Monitoring.
- COMUNICATIONS SECURITY
Where BGX directly controls network assets it employs strict multi-layer network management controls to ensure the secure confidentiality, integrity and availability in the transfer of information. Where BGX uses public networks (or private networks out if its control) it ensures that all information is securely encrypted to the highest appropriate level and, where possible uses TLS, OAuth 2.0 and VPNs.
- SYSTEM ACQUISITION, DEVELOPMENT AND MAINTANCE
Systems (hardware and software) directly under BGX’s control are subject to strict acquisition, development and maintenance criteria in accordance with ISO/IEC 27036 (Security in Supply Chain Management).
- SUPPLIER RELATIONSHIP
BGX mandates strict security control criteria with all its suppliers at the level of its Service Level Agreements (SLAs) and BGX’s supply chain is governed, where possible, in accordance with the controls outlined in ISO/IEC 27036 (Security in Supply Chain Management).
- INFORMATION SECURITY AND INCIDENT MANAGEMENT
BGX manages its security incident and management (defined responsibilities & procedures, reporting, response planning, learning environment, audit trails/collection of evidence) in accordance with ISO/IEC 27035:2016 (Information Security Incident Management) and ISO/IEC 27043:2015 (Incident Investigation and E-Forensics).
- INFORMATION SECURITY ASPECTS OF BUSINESS CONTINUITY MANAGEMENT
BGX’s Business Continuity Management (planning, implementation, testing and reviews) follows ISOIEC 22301:2012 guidelines (ICT Resilience and Recovery for Business Continuity).
- COMPLIANCE (INTERNAL AND EXTERNAL)
As an organization with global scope BGX takes its international legal & contractual obligations very seriously and operates a Governance, Regulatory and Compliance (GRC) framework requirements that is subject to regular review and continuous improvement.
BGX is a censorship-free platform. At the same time, there are a number of threats that should be managed by the nodes that store applications:
>> The location of potentially dangerous software modules (viruses, adware, etc.);
>> Incorrect content from the point of view of the age or social groups (adult programs, gambling, etc.);
>> Pirated software, the use of which is illegal
With respect to these threats, it is proposed to create a reference mechanism, reinforced by a preliminary check:
>> All deployed applications are automated for viruses;
>> Application developers receive a general rating, based on the popularity of
applications (the number of downloads), the volume of transactions, the number of comments;
>> When publishing a game application, developers choose a genre and keywords that facilitate the rubricating of games;
>> Users have the opportunity to report an application. If the number of complaints is large and the application developer’s rating is low, then the application is quarantined and checked more carefully,
__________ARTIFICIAL INTELLIGENCE__________
__________TOKENOMICS__________
We 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
__________CROWDSALE TIMELINE__________
- PRE-SALE, May 8-MAY 14 : -30% 1 BGX = $0.070 USD
- ICO DAYS 3-7, MAY 24-28 : -15% 1 BGX = $0.085 USD
- FIRST 48 HRS, MAY 22-23 : -25% 1 BGX = $0.075 USD
- ICO DAYS 8-14, MAY 29-JUNE 4 : -10% 1 BGX = $0.090 USD
_________TOKEN STRUCTURE__________
Distributed to Community : 50%
Reserved Funding : 25%
Founders : 10%
Team and Advisors : 10%
“Bounty” campaign : 5%
__________BGX CROWDSALE AND CORRESPONDING RESULTS__________
__________ROAD MAP__________
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.
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Author : Kelampok ijo
BTT Profile Link : https://bitcointalk.org/index.php?action=profile;u=1929484
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