The BGX platform is an innovative idea to bring the power back into the players and developers hands, and out of the middle man and third-party systems
BGX is a decentralized platform on the blockchain that aims to revolutionize mobile games and how they are processed. BGX plans to integrate their platform into these mobile games and make the economy of the video games pegged to the BGX native token. By integrating cryptocurrency into mobile video games, the developers are able to monetize their games more efficiently and pay significantly less in commissions which leaves more money into the developer's pockets. Players are now able to earn cryptocurrency in the games that they love and are able to cash out their rewards for other cryptocurrencies or even fiat through an exchange. The BGX platform is an innovative idea to bring the power back into the players and developers hands, and out of the middle man and third-party systems.
Growing market Problems -
In the current gaming market there are a multitude of issue that hold back developers and gamers. A lack of decentralization is present, which is harmful to gamers because centralized games have unfair bans, loss of items, central attacks, and middleman delays. Most games have terms of service which might not be fair to every gamer, and if a player is banned there is nothing they can do. If a player is banned they lose control of their items they have worked hard to get or even paid for. Since the platform is centralized, attacks can be executed in one central location.
Another issue at the forefront is the time delays that can occur with the use of middleman transactions. Bank wires, PayPal transactions, and credit card purchases may have delays which will cause the gamer to receive items late and the developers will be paid late.
The entire centralized process and the associated economies has created popular application stores such as Apple and Google Play. Unfortunately, these stores take large percentages of the revenue and leave developers hurting for cash. This can cause games to be shut down and statistics have shown that 80% of developers don’t earn enough money to continue support on applications.
Essentially, the gaming economy is a relatively new market and has experienced serious growing pains. Most games today don't have special AI engines and so the games lack robust solutions and protection from fraud. Over 90% of video games on the mobile platform are free and so they depend on different monetization methods in order to make adequate revenue, and in traditional platforms - these methods are not always supported.
BGX - Explainer Video
Goals and Objectives -
BGX has many objectives for their platform which include having mobile applications for both Android and IOS. The majority of mobile gamers are using these platforms, and so by releasing the games on both, it opens up to a larger market. BGX also wants to have a smooth payment processing system that will be able to process fiat and cryptocurrency transactions efficiently. BGX understands that cryptocurrency is new and may be hard for gamers to understand right off the bat, and so they are creating user-friendly implementations like the independent processing system.
A user wallet will also be crucial, so that gamers don't need to worry about multiple wallets, but can instead have all of their payments go through one easy location. Developers will want a separate system and so BGX plans to create this, which will help make the accounting easier for the developers when they are receiving or sending tokens. Monetization will be key for the developers since it will be their main income source, and important for the players if they are rewarded for watching ads etc and so BGX plans on building easily integrated plans. Highscores lists and achievements can be easily messed up in the traditional system and so BGX is designing an AI control to keep accurate data to make sure the experienced gamers are rewarded.
BGX Token Sale
After a highly successful private and pre-sale, the BGX team has decided to implement parts of the platform before the token sale begins.
Additional Information and Investor Resources:
Website: https://bgx.ai/
WhitePaper: https://bgx.ai/documents/en/BGX_White_Paper_1.0.pdf
BitcoinTalk [Ann]: https://bitcointalk.org/index.php?topic=2671591
Telegram Invite: https://t.me/bgx_group
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Bitcointalk user link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xEa67d5856b48925972a9f3d6D9b923593B8B16a6