Hi everyone! Several questions were raised about the price of the token, node balances, and public listings.

We currently assume that the price of the token is $0.03. Of course, in reality the price will be determined by the market once we are out on exchanges. That is why we don't want to just dump the token there and instead are looking to be out towards the end of Q1 2019, by which time we will have enough promotional momentum to generate initial demand and come out at a good price.

As one user correctly surmised, we will not be placing an entire amount of tokens all at once or all in one year even. We will carefully manage the supply, as to ensure that the price has an upward momentum - for the benefit of all current token holders (which include ourselves).

As for the nodes, there will be a minimum balance of tokens a node must hold, but the actual amount will vary depending on the size of the business and the node's purpose. We expect that for starting out, the average node will have around 300,000 DEC tokens each. With time, bigger nodes will register and require even greater sums of DEC.

The name of the corporation is BGX Technologies AG. Registered in Zug, Switzerland.

We have some direct developments in the works, but those are subject to NDAs. Businesses will be able to use our platform for two primary causes:

1) establish inter-business connections (ecosystems), which may serve to connect cross-industry participants to create new products and referrals, or vertically integrate a given supply chain, or horizontally integrate competitors - all for the creation of seamless synergy and new value;

or

2) use the AI ORACLES of the network to instantaneously process data

Thanks! The side chain code is tentatively called BGX and will be out on Github in January 2019.

DEC Token is primarily used to emit inter-platform currency by the node, yes. But regular users may also hold DEC and exchange it into inter-platform currency; or they may sell it on the exchanges.

As the platform grows and the number of business participants increases, there may well be additional services for DEC holders in the future.

Thank you! Big day!

We have just emitted our DEC Tokens! Distribution is under way!

See our smart contract: 0xfa36AD77cb75e1cF2A2020cB0D4E040eA0EDaeA7

What I initially meant is the concept of differential privacy.

If we have customers on one side, the public chain in the middle, and customer-oriented businesses on the other side, then businesses have access to customer data, while customers remain anonymous on the public chain. But that's just one case. In all cases, we want to keep privacy in the hands of customers that use BGX, so unless they opt in, no one will be able to access their data. If they do give permissions, then businesses have a far better tool to use this data to tailor their offers than with traditional blockchains or enterprise systems.

Moreover, an important fact of our model is the cooperation between businesses themselves. So, for example, data may be easily shared and analysed between various participants in a single supply chain. A grocery store chain on BGX would be able to know where each food item was processed, stored, for how long, etc. - and be alerted at a moment's notice if a delivery is delayed; plus analyze the effectiveness of selling a given item at each of its outlets; plus manage customer omni-channel marketing flow, and etc. This opens new possibilities in identifying patterns and optimizing the business model.

As to answer your direct question - yes, application data can be encrypted.

Hi!

Yes, our platform is designed for businesses. We believe that if we help businesses lower costs, manage data effectively and with respect to privacy, as well as to create new cross-business products that they couldn't before - that would not only help companies, but BGX consumers as well.

While we focus on businesses in a few key industries, none of which are games-related, any game business can join and create a gaming ecosystem that would be far more advanced than our original idea allowed.

Not only did we broaden our direction, our benefits increased tenfold! All this will allow us to create a far more superior product.

The BGX Token Sale is off to a great start! Not only are we feeling widespread support from our community, but some very large institutional investors are coming in as well!!  Excited!  https://bgx.ai

Keeping up with the market definitely helps when investing into altcoins or cryptocurrencies. I looked through many publications and personally I read these ones:

1) Cointelegraph
2) Hacked.com
3) CryptoSlate
4) BitcoinNews
5) CCN
6) Coinspeaker.

Of course, also Twitter and Telegram. What do you guys think? Any recommendations?

But also look at the kind of massacre affecting Wall Street! It had the worst April since the years of the Great Depression in 1929. There is hope that investors will flow out of stocks and diversify into crypto-assets. Especially, since you know, it makes sense to buy low

The landscape changes fairly quickly. Indeed, there is a private sale that occurs before the pre-sale for large projects (who want to gather tens of millions for ICO, it's almost a must). By the time I am writing this post on April 2 - 84% of 2018 ICO funding came from private sales.

Usually it is open to crypto funds, VS or angel investors. For those seeking American investors, private sales comply with securities laws enforced by SEC - specifically Reg D, Rule 506 (c). It allows ICO projects to avoid the burdensome registration requirements, though it allows only the accredited investors to buy tokens ($1m + capital OR $200k+ annual income OR $300k+ annual income for a couple). That should not be a problem, since most investments in private sales fall within the 100 - 1000 ETH range.

Potentially, the SEC may go after these ICOs for not looking into the secondary trading issue, but that's a future and a US-based concern entirely. Many of the investors participating in private sales are, in fact, coming from Asia. Still, any ICO project considering doing a private sale is encouraged to look further into an article by Harbor "Introducing the Private ICO" on Medium, which analyzes various legal complexities.

Private sales often last 2 - 3 weeks, have minimum investments, and allocate 30 - 45% of the tokens as a cap. Unsold tokens are then sold during the actual pre-sale and crowdsale. The discounts offered during private sales are often steeper than those during pre-sales.

Good point about April Fool's day

And just to confirm what we're all saying, the BTC markets are facing an uptick as of today! Whether it will continue into the next few days or not doesn't matter, the crypto is here to stay.

Evidently, the market is looking negatively on Bitcoins and altcoins at this moment. However, that trend is about to come to an end. There are a number of great bullish developments:

REGULATORY

+ Positive G20 Financial Summit stance

+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted

+ Lightning Network and SegWit increase legal recognition of digital currencies

+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

INFRASTRUCTURE

+ CBOE support for Bitcoin ETFs

+ T-Mobile tech support for distributed ledgers

+ Coinbase announcing upcoming support for ERC20 tokens

SOCIAL SENTIMENT

+ MailChimp has clarified that its stance against cryptocurrency ads to not include accounts that disseminate crypto-related information

+ Leading analysts (such as Abra CEO Bill Barhydt, Fundrstrat's Thomas Lee) are bullish about the year end target of $25,000 for BTC

+ Major Polish bank will implement a blockchain document storage system

+ Audi has announced that it is exploring the use of blockchain to enhance its distributional network

+ Morgan Stanley releasing a report and commenting that they are expecting BTC to rise, and this is just a temporary slump

ECONOMIC

+ Analysts predict that institutional investors will capitalize on the temporary slump

Yes - the market is volatile, but we all knew that. I don't think there should be a shadow of a doubt that bitcoin will rise again.

Hi,

I know this post was made in November, so maybe the solution will be irrelevant to you now... but in case anyone else stumble across this question, here are some actual banks (insured by the EU Central Bank) that are crypto-friendly as of late March, 2018:

1) Vontobel (Swiss)
2) Falcon (Swiss - do not confuse with bank of same name in Texas)
3) Fidor Bank (German - do not confuse with their UK main branch)
4) Worldcore (Czech)

The bank below is ICO-friendly (as in business support):

5) Bank Frick (Liechtenstein - would not recommend, takes too long to open account, not diligent in responding on time)

This list is not exhaustive, but I hope this helps!

There are several factors that make it absolutely unable to replace gold as the standard of value or even be the dominating crypto-currency in the transactions of the future. Among the largest concerns are:

1) Bitcoin is highly volatile. Any economist knows that hyperinflation and hyperdeflation in currency significantly undermines the economy. Bitcoin has both practically within each week. Consumer motivations are skewed, and instead of making purchasing decisions (is this worth buying?) - they have to think of investment decisions (dump or hold).

2) Bitcoin is limited in emission. This is similar to the point above. Even if Bitcoin price reaches stability, once it hits 21,000,000 - it will no longer be possible to produce. Assuming that Bitcoin is used for transactions, that will cause rapid inflation of price in comparison to the growth of the global economy, making Bitcoin obsolete very dramatically and very fast.

3) Lack of motivation for verifying transactions. Once no more Bitcoin is emitted, miners will not get BTC in exchange for closing blocks. Some additional systems may come into place, so unlike the point above - this is a problem that can be overcome... but why would we need to overcome it, when there are crypto-currency without this inherent flaw?

4) Transaction commissions are very expensive. In basic terms, it won't make sense to use BTC to buy a can of Coke for $1 USD, by paying $4USD to facilitate the transaction.

5) Waiting times. In the current economy, waiting times of 30 minutes are too high for effective day-to-day transactions. Imagining standing at a store checkout for 30 minutes, just to wait for transaction to clear.

In short, volatility and miner motivations will not allow BTC to make gold obsolete. Those are only the causes inherent to Bitcoin. Other causes include the presence of crypto-currencies and that some of the economy will still remain centralised, as the economy mirrors the society. But I just wanted to talk about BTC here.

There are several factors that make it absolutely unable to replace fiat currency or even be the dominating crypto-currency in the transactions of the future. Among the largest concerns are:

1) Bitcoin is highly volatile. Any economist knows that hyperinflation and hyperdeflation in currency significantly undermines the economy. Bitcoin has both practically within each week. Consumer motivations are skewed, and instead of making purchasing decisions (is this worth buying?) - they have to think of investment decisions (dump or hold).

2) Bitcoin is limited in emission. This is similar to the point above. Even if Bitcoin price reaches stability, once it hits 21,000,000 - it will no longer be possible to produce. Assuming that Bitcoin is used for transactions, that will cause rapid inflation of price in comparison to the growth of the global economy, making Bitcoin obsolete very dramatically and very fast.

3) Lack of motivation for verifying transactions. Once no more Bitcoin is emitted, miners will not get BTC in exchange for closing blocks. Some additional systems may come into place, so unlike the point above - this is a problem that can be overcome... but why would we need to overcome it, when there are crypto-currency without this inherent flaw?

4) Transaction commissions are very expensive. In basic terms, it won't make sense to use BTC to buy a can of Coke for $1 USD, by paying $4USD to facilitate the transaction.

5) Waiting times. In the current economy, waiting times of 30 minutes are too high for effective day-to-day transactions. Imagining standing at a store checkout for 30 minutes, just to wait for transaction to clear.

In short, volatility and miner motivations will not allow BTC to make fiat funds obsolete. Those are only the causes inherent to Bitcoin. Other causes include the presence of crypto-currencies and that some of the economy will still remain centralised, as the economy mirrors the society. But I just wanted to talk about BTC here.