BGX - the most powerful decentralized processing platform

bonanza-kreep (66)in #bgx • 6 years ago (edited)

In the modern world, most of the purchases and account transactions are performed through the Internet. Payments are made through such payment systems, as Visa, MasterCard, etc. But in order to be a user of this service, you need to have a plastic card available. With the active introduction of cryptocurrency into financial market, the question arises: how to pay for the necessary goods and services with these assets? In order to exchange cryptocurrency into fiat money, it is necessary to pay a commission, and the process itself is slow. Exchanging of various types of cryptocurrency is also an expensive process. In this case, BGX platform is an innovative solution. It is the first decentralized payment service. Blockchain technology allows making payments not only quickly and with a low commission, but also safely.

https://bgx.ai/

The project was launched in July 2017, and by October 2017 the project architecture was completed. Currently, the alpha version of the project has been successfully tested and is working, but it has limited functionality. The project assumes a consistent implementation of the beta version with AI module and automatic launch of BGX for the games applications. BGX platform has a complex modular structure, where a separate module is developed by an independent team. This eliminates the possibility of numerous errors on the server. As a consequence, all the code will be available with the help of GitHub. Moreover, BGX has an extended file storage, which is distinguished by its decentralization, scale and availability due to the use of DHT technology.

A key feature of BGX platform is the development of the world's first mobile payment service with the use of cryptocurrency. The platform’s creators see their mission as the creation of a functional cryptographic platform for the effective work of the audience accounting many millions. BGX platform is an integrated solution for the convenience of working with mobile games, as application market and game developers acquire unique support in the distribution of their games, access to cash networks, distribution of games among payment service users and low fees for using the listed options (less than 10%).

https://bgx.ai/

The advantage of the platform is its multifunctionality, since BGX is aimed at different users. Now, game developers and moderators can set up a link for payment not only with fiat money, but with cryptocurrency as well. Gamers are able to play different games using only one universal wallet for games on many platforms and getting bonuses for activities, including the possibility of using overdraft. Online stores can also connect their site to BGX payment system, getting the opportunity to increase sales against the background of increased opportunities for payment.

The entire business model of the platform is based on an affordable commission for conducting transactions through the server, advertising revenue and enjoying with overdraft possibilities. But investments are needed to start the project. A total of 1 billion BGX tokens were issued, of which 50% were allocated to the ICO, 25% - to the reserve, 10% - to the founders and the team, and 5% - to finance the bounty campaign. The project’s pre-sales was completed with great success - more than 22 million BGX tokens were sold. The project’s crowdsale takes place from September 5 to October 3 with the possibility of receiving bonuses in the amount of 15%-25% depending on the time of purchasing. The fixed price of 1 BGX is $0.1. BTC and ETH are accepted as payment means. The project's hardcap is $50 million.

Thus, BGX platform has a serious chance to succeed. The platform’s creators plan to improve the decentralized application market through the implementation of an additional channel. The platform has a convenient interface due to the mechanism of artificial intelligence, which embodied the user's tips. Cryptocurrency exchange and withdrawal of funds, work with a virtual wallet, built-in mechanism for accessing overdrafts are key areas of work on the platform.