[ANN] BGX | THE DIGITAL BUSINESS ECOSYSTEM OF TOMORROW

[Loopper]

OUR FUNDRAISING IS TRADITIONAL



We are a blockchain project; a project using decentralized technologies — but not a project dabbling in ICOs.

We will not be conducting an ICO. We are self-financed for our next stages of development and will seek further institutional funding once it becomes appropriate.

This seems to be an interesting thing from other projects. Does this project not need funds from investors to develop this project?

[CoinDrop99]

They write that they collected enough on the pre-sale. And they really raised a lot then, as I recall.

[innovaKoiS]

How and when will BGX be started? How much token that BGX have?

In the middle of autumn, the token will be added to the list of exchanges. This is proven information. On the rest, we are waiting for the announcement of the developers.

[revenanTts]

OUR PARTNERSHIP OPPORTUNITIES ARE PLENTY

In the upcoming months, we will be working heavily on growing our partnership list and introducing some larger companies as partners.

We are primarily talking with potential node holders — a company with a large user base that can use BGX to extract more revenue from this valuable asset. We are cross-industry, or rather industry-agnostic and you can expect to hear news about our new market directions very soon (all within digital goods).

[revenanTts]

BGX | A NEW TURN

What has once started as a humble project to bring decentralization to the gaming industry has changed.

Grown.

Evolved.

With the concept of the new BGX finally envisioned, development fully underway, and partnerships on the horizon — we decided to let you, our loyal and beloved community, know the exciting changes that have occurred.

https://medium.com/@bgxglobal/bgx-a-new-turn-fea307bfd33e

[Sat0shiTeam]

This is good news. For me it is important that the token will soon be traded on the exchange.

[antonhuda]

Surely the BGX community will be more eager to monitor and contribute to further development.
The team's breakthrough will be on the agenda and certainly has more useful value.

[revenanTts]

OUR CASES ARE BBC SYNERGIES

BGX works best when there are cross-industry businesses willing to work together to extract maximum profit from their loyal followers.

It might not be an intuitively available thought. That is why we urge you to imagine these three basic application cases with us.

[revenanTts]

1. CONTENT PROVIDER <-> NODE HOLDER

Let’s say that on one end, we have a movie studio (let’s call them 22nd Century Fox) seeking new ways to deliver content to more people. Fewer folks are watching TV nowadays and piracy is rampant.

On the other end, we have AT&P, a Telecom company — whose main profit is squeezed by smaller margins, while their total market is almost fully tapped. They are already seeking to earn from bringing digital content into homes.

While AT&P can make a deal with 22nd Century Fox directly, they can go a smarter way. AT&P can join BGX and have access to content from 22nd Century Fox, Columbia Sounds, as well as hundreds of smaller movie studios across the world — providing them with diversified content, without the need to create any of their own. Moreover, since BGX is also a delivery network — they do not have to build an infrastructure to join, just provide access to their users. AT&P itself will hold a node and process (& earn from) each transaction their user makes in interacting with the content.

Meanwhile, 22nd Century Fox doesn’t have to make a deal with AT&P directly. They join the BGX Network and access the users of AT&P, as well as those of TT-Mobile, Virginia Mobile, and other networks. That’s a far more powerful channel.

[innovaKoiS]

For me the main thing is that the token will be traded on the exchange this fall. There, investors will appreciate the project on its merits.

[revenanTts]

2. BUSINESS WITH FOLLOWERS <-> NODE HOLDER

Let’s say Starpucks wants to join the BGX network. Instead of having blank loyalty cards, that don’t enable them to truly get to know their customers, Starpucks emits S-Coins (using the white-label BGT coin emitted on BGX).

Every customer of Starpucks now gets 50 S-Coins for their every purchase or a bunch of S-Coins when they sign up for the Starpucks app. These coins are redeemable at any business of the BGX Network, say — AT&P gives free data for a month for 1000 S-Coins.

Starpucks creates a value-added service that the other coffee shops can’t match.

AT&P gets introduced to Starpucks coffee buyers (like 38 million of Americans each month) and the steady oligopoly where they hold 30% of the market is about to tip massively in their favour.

What has formed is like an airline alliance, except an Alliance where those earning more from cooperation are companies from different industries.

If Starpucks and AT&P decide to form a partnership now, who knows how long will it take for them to build an infrastructure for it? And if they build it after a year of expensive R&D, it will be exclusive to them only. The real power starts when participants of other industries join the cooperative too.

[revenanTts]

OUR IDEOLOGY IS EFFECTIVE BBC COOPERATION

BGX has always aimed at developing the best processing platform there is. That means overcoming the common problems plaguing the blockchains: low scalability, high transaction costs, hidden centralization. Moreover, it means that we have to be integrative, allowing easy access to our system for businesses and consumers alike.

That hasn’t changed. We are building an innovative decentralized platform consisting of 9000+ independently held nodes that conduct processing in clusters, through the Federative Byzantine Agreement based consensus (that we’ll call proof-of-loyalty). Without getting too technical, we are abandoning the useless work in forming blocks and directing the economic incentive towards the competition between businesses holding the nodes.

What has changed is our model.

The model we are building is what we’re calling BBC: Business — Business — Consumer (as opposed to B2B or B2C or P2P). We know it could be confused with a certain famous broadcasting network, but hear us out… BBC means that while keeping the end consumer in mind, the core of our benefit is from business — business synergy.

One business processes the transactions — these are large corporations with a user base that they can earn from, if they would only have some additional value added services to sell.

The second business is the provider of the content that is being sold — seeking access to users and a payment infrastructure.

BGX is the one developing an infrastructure where each business can plug in within less than a week and start earning in a cost-effective decentralized way.

This synergy is greater when the businesses are in unrelated industries — and that’s where we can bring the most value. See our Cases.

And oh. Yeah. Our market got much, MUCH bigger.

[GraBitCoin]

So the project will be financed mainly by institutional investors.

[revenanTts]

3. LOCAL BUSINESS <-> NODE HOLDER

A local light shop, say it’s named Lights On is located in a small, but charming city Fargo, North Dakota.

One of the BGX node holders, say AT&P, is taking an interest in helping local shops. AT&P provides its users with an ATP coin when users sign up for its services, which can be used at any local shop that’s part of the BGX network.

Now that’s extra value to the “Fargo-ans” (“Fargonians”?) that are choosing which telecom to join. Not just residents of Fargo benefit, but residents of every village, town or city where enough businesses joined the BGX network.

Meanwhile, Lights On gets an instant boost in traffic when the city dwellers that have joined one of the largest service network are interested in shopping specifically with them.

Now that’s stronger than just Trip Advisor ratings.

By allowing an additional Business 2 “Business” 2 Customer participant, we avoid the “chicken and the egg problem”. The business that holds the nodes is the one bringing the customers, while the business that sells the digital goods (and loyalty is certainly a digital good) — brings the value.

The BGX’s value is building a bridge to connect many businesses to many businesses by ensuring easy integration and cost-effectiveness of the system.

In our examples, it was the telecom company AT&P that held the nodes. In reality, the nodes can be held by any business (a professional node-holder) that has:

(1) the required DEC token balance;

(2) technological infrastructure that they need to utilize to maximum profit;

(3) a defined user base that they want to get more returns from;

(4) and of course a certain ambition to survive in the economy of tomorrow.

[thinkme1st]

I heard they are not doing ICO now and devs have enough funds from pre-sale for the development of platform. So what about the bounty tokens and when exchange listing?

[innovaKoiS]

I heard they are not doing ICO now and devs have enough funds from pre-sale for the development of platform. So what about the bounty tokens and when exchange listing?

This fall, the token will be on good exchange. All those who participated in the bounty will receive their tokens.

[Tiger Baseball]

I heard they are not doing ICO now and devs have enough funds from pre-sale for the development of platform. So what about the bounty tokens and when exchange listing?

This fall, the token will be on good exchange. All those who participated in the bounty will receive their tokens.

Certainly very much awaited, pleasant times, when distributing tokens. The team is very creative and continues to give good news to participants, I believe BGX can develop well and will not disappoint participants and all its supporters.
Good things will certainly bear good fruit too.

[Sat0shiTeam]

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.
https://bgx.ai/

OUR MARKET IS DIGITAL GOODS

Digital goods is anything that can be exchanged digitally. Yes, that includes digital media — games, books, videos, music, films. Does it also include airline tickets? You betcha. Loyalty? Absolutely. Services and freelancing? 100%. As well as currency exchange and any valuable movement of bits and bytes to deliver information from one party to another.

In that way, we are not pursuing the most pursued, the most boring and obvious blockchain application in creating currency. We will enable payment, but also facilitate the delivery of digital goods in a much more decentralized (read: cost-effective) and inclusive (read: profitable) way.

[Loopper]

So the project will be financed mainly by institutional investors.

It seems like that, but you should ask this to their telegram group to find out more about the next news from this project.

[lottereumDev]

OUR PARTNERSHIP OPPORTUNITIES ARE PLENTY

In the upcoming months, we will be working heavily on growing our partnership list and introducing some larger companies as partners.

We are primarily talking with potential node holders — a company with a large user base that can use BGX to extract more revenue from this valuable asset. We are cross-industry, or rather industry-agnostic and you can expect to hear news about our new market directions very soon (all within digital goods).

Hello everybody! Good luck in the development of the project. Turn my investment into a yacht!