Topic: [ANN] BGX | THE DIGITAL BUSINESS ECOSYSTEM OF TOMORROW - page 16. (Read 36413 times)

The BGX Team was present on this conference in the face of Professor Bogdanov and Professor Degtyarev. Professor Bogdanov’s presentation was focused on the unique consensus algorithm developed by the BGX company under his scientific direction.

This is really good news for all bounty campaign supporters. What I did not understand exactly from the article posted on the medium is whether the bounty campaign will continue in the same form and in the same bountyplatform.io? Good luck.

This is a unique Conference, held in Russia on the questions related to the use of distributed computing in various areas of science, education, industry and business. The main purpose of the Conference was to discuss the current Grid operation and the future role of the distributed and cloud computing, HPC, BigData etc.

That value will grow.

DEC is a high-growth ERC-20 token, with limited supply and embedded rise in demand (it will be purchased and held by the nodes of the BGX Platform).

You can expect DEC to be on crypto-exchanges before the end of 2018. That will enable all of our loyal supporters to start earning almost immediately!

More distributions to come.

For those that decide to stick with us, there are more rewards. The bounty will continue through the year 2019.

We will emit 3,000,000 more DEC ($90k +) in the first quarter of 2019. Moreover, we will emit 3 million DEC every quarter.

We have the following price targets for the DEC token on the exchanges:

· 2019 Quarter 1: $0.03+

· 2019 Quarter 2: $0.04+

· 2019 Quarter 3: $0.05+

· 2019 Quarter 4: $0.06+

If these are met, the total value of tokens distributed to bounty participants in 2019 is: $525,000.

If we succeed — you succeed!

Stay with us, support us, and let’s win — together. Please don’t hesitate to reach out to your bounty manager if you have questions and stay tuned for more news coming soon!

P.S. We will also be having a development and a bug bounty coming up. More announcements soon!

TO BGX LOYAL BOUNTY SUPPORTERS
Whatever heights we reached, we couldn’t have achieved without your efforts and help. You stuck with us from the days we were just a budding project and you’re with us now, when we’re growing into one of the most functional ecosystems ready to conquer the world of digital goods.

We recently published a change of strategy. You are an integral part of our new direction. Let’s clarify our path forward.

The bounty program will continue.

Our project is growing and you’re an important part of our success. We don’t plan to end the bounty program any time soon, instead we are expanding it.

Your well-deserved tokens will be distributed on October 31st, 2018.

We are discontinuing the BGX Tokens in favour of far more advanced ones called DEC (Digital Economy Coin). While the BGX Tokens were mostly associated with our gaming project, DEC is a token that responds to a higher purpose — to decentralized the economy of digital goods.

DEC will be emitted on October 31st, 2018. Participants in our bounty will receive $90,000 USD worth of DEC (that’s more than 4% of our previous soft cap!)

The 8th International Conference “Distributed Computing and Grid-technologies in Science and Education” was held at the Laboratory of Information Technologies (LIT) of the Joint Institute for Nuclear Research (JINR) on 10–14 September 2018 in Dubna.

You can also see the latest information in their articles to better understand how this project works and some of the benefits of buying their coins at this time.

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

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

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.

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

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?

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.

So the project will be financed mainly by institutional investors.

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.

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.

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.

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.

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.