Planned €5 Billion Blockchain Eco-Enterprise Fights to Save the World
The Malta-based companies Praestentia CleanTech and BDXAlliance — in partnership with Paragon Europe...
Saving the Planet: One ICO at a Time
In November’s edition of easyJet’s in-flight magazine, BDXAlliance was invited to discuss the future of ICOs through the eyes of Jamy Nigri...
We’re democratising investment, products and services, so the many, and not just a few, can benefit from them, says BDXAlliance CEO Jamy Nigri...
BDXAlliance’s Jamy Nigri on Creating a Crypto Ecosystem
Using crypto and tokenisation of assets makes sense. There are too many benefits to ignore. I think businesses will continue to adopt blockchain tech...
Learning By Doing
Coming into the world of Blockchain and ICO for the first time is daunting. It’s full of terminology, processes...
Avenging Initiatives — Why we want to save the world
It’s a really interesting time to be alive. When I first grabbed the reins of BDXAlliance I knew that I wanted...
Mind the Gap — Traveling Safely Through Crypto
From setting up a bank account to validating that investors are legitimate, Know Your Customer and Anti-Money...
What is an ICO?
An ICO (Initial Coin Offering) is a sales vehicle for tokens. The ICO is implemented in order to raise the necessary funds needed for the creation of a blockchain-based project.
How Do ICOs Work?
All ICOs begin with an idea. A startup comes up with an idea for a blockchain related project and needs to find a way to fund it. The startup could go to the bank or to a VC and raise the capital, but it’s better to find financing without losing a percentage of the company. This is where an ICO becomes a viable proposition to getting something made and making a concept, real. It’s important to note that it is NOT an IPO. An IPO (Initial Public Offering) gives anyone the opportunity to own a stake of the company they’re giving money to. An ICO is an opportunity that your in-business currency that buyers will pay to make happen will increase in worth later and make money from their investment.
What is an Airdrop?
In crypto terminology, airdrops are defined as the process whereby cryptocurrency projects distribute tokens to the wallets of certain users free of charge. Usually these airdrops are used by blockchain based start-ups as a tool to bootstrap their project. Blockchain based enterprises like crypto exchanges and wallet services may provide airdrops for their customers as well.
What is a Crypto Exchange?
A cryptocurrency exchange/crypto exchange/digital currency exchange is a medium that allows customers to trade cryptocurrencies for other assets, such as conventional fiat money, or different cryptocurrencies.
How do I know if an ICO is worth investing in?
There is no right answer (we wish there was!) Potential investors need to use all the information available to make a choice about contributing to a project during its ICO. They should look for project creators who present a clear plan for how their project will be developed and who ideally have a history of successfully completing other projects and ventures. Creators are encouraged to share as much background information as possible so that potential investors can make more informed decisions about the projects they contribute to.
When will the ICO be launched?
The ICO will be launched beginning of Q4 2018 in line with our BDXAlliance strategy and plans for Q1 2019.
Is the page available in other languages?
The BDXAlliance website is currently available only in English.
Can Tokens be exchanged? If not, what can I do with them?
Tokens cannot be exchanged, once pre-ICO sale stage is finished the tokens will be listed on our BDXChange along with other major exchanges - which is when you can convert coins into fiat /other major cryptocurrencies etc. Currently, holding onto tokens gives you a unique opportunity of building up a diverse crypto portfolio, by receiving benefits in the form of free tokens of each partner ICO we launch through our WL platform.
How can I see my purchased tokens?
Your purchased tokens will be displayed in the BDX account.
How do I see the tokens in my ETH Wallet after adding the wallet to my BDXCoin account?
To be able to check your Wallet and see your BDX Tokens once they are added to your account, please use the following link: http://etherscan.io/
Are there any guarantees of when ICO will start?
We’re on course to commence at the beginning of Q4 2018.
When will the BDXChange launch?
BDXChange is scheduled to launch once the ICO sale stage is finished. Tokens will be listed on our BDXChange along with other major exchanges - which is when you can convert coins into fiat /other major cryptocurrencies etc.
What are Member Drops/rewards?
We use airdrops. The distribution of any token during an ICO (Initial coin offering) campaign is known as airdrop. The airdrop is part of a larger marketing strategy to raise awareness. As a way to spread the word, coin teams may make airdrops to boost their ICO campaign.
Who is behind the BDXCoin?
BDXAlliance is behind the BDXCoin. We are often described as the Google of blockchain. A cryptocurrency ecosystem bringing crypto-to-everyday-life. Licensed. Regulated. Trusted by Investors and Governments alike, we’re here to solve some of the hardest problems, simply.
Can the BDXCoin be mined?
What happens to the funds invested?
Funds being raised in the ICO will be distributed as listed below:
Development: 19.6% Legal: 4.1% License/Capitalization: 12.8% Liquidity: 30.3% Marketing: 13.7% G&A @5.7%: 5.6% FTE (operational scaling): 13.9%
I was promised the ICO would launch in mid 2018 and it didn’t. Why?
The launch was delayed because in the last six months our business model has changed in important ways. Before, it was only about the coin offering itself. and nothing else. Since the first offer, we have been developing a complete ecosystem - in other words, an integrated platform - of blockchain and crypto products and services. It means more choices for you to use crypto as part of your everyday life. The new ICO launch date of 28 November gives you the opportunity to use BDXCoin for all our products and services on our platform. If we had launched earlier, we would not have been able to offer this to you.
What is Cryptocurrency?
Cryptocurrency is a digital or virtual currency designed to function as a medium of exchange. It is created and stored electronically in the blockchain using strong cryptography. It verifies the transfer of funds and operates independently of banks or any central governing body.
What is Blockchain?
Blockchain is a public record of transactions. As a continuously growing list of transactions, it is also distributed, and completely open, so instead of one person controlling everything, there are thousands of computers around the world connected to a network, and these thousands of computers together come to an agreement on which transactions are valid. Each block within the blockchain is an entry containing specific identity information unique to the transaction. Within this digital stamp there is a timestamp too, and something called cryptographic hash: a record of the previous block and transaction data.
What is a White Paper?
A white paper is a prospectus to explain the main points of a project and its investment opportunity. The content of a white paper provides useful information for business people seeking to understand an issue, solve a problem, or make a decision. The format of a white paper is somewhere between a technical manual and a glossy brochure.
What are Tokens?
Tokens are a subset of cryptocurrencies that reside on their own blockchains and represent an asset or utility. They are digital assets that are sold to the public during an ICO campaign usually for other popular cryptocurrencies; such as BTC (Bitcoin) or ETH (Ethereum family of coins), or sometimes directly as fiat currency, which is a government-approved legal tender. Once an ICO campaign is complete, the token developers can release the tokens on an exchange, where they can be traded and can fluctuate in value, like any other cryptocurrency or currency.
What are the advantages of a Token?
Because tokens are not at a currency stage, crypto tokens operate on top of a blockchain that acts as a medium for creation and execution of decentralized apps and smart contracts, and the tokens are used to facilitate the transactions. It allows activity in the pre-ICO stage to flow freely since these tokens cannot be liquidated until they are listed on an exchange as cryptocurrency.
What are Smart Contracts?
Smart contracts are computer protocols that automatically facilitate, verify and enforce the performance of a contract. At the level of cryptocurrencies, a smart contract is a computer program that is stored on a blockchain and specifies contractual terms, along with possessing the means to enforce those terms.
What is Ethereum?
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality.
What is Ether?
Ether is a cryptocurrency in the Ethereum family whose blockchain is generated by the Ethereum platform.
What is an Ethereum Wallet?
The Ethereum Wallet is a gateway to decentralized applications on the Ethereum blockchain. It allows you to hold and secure ether and other crypto-assets built on Ethereum, as well as write, deploy and use smart contracts.
What is ERC-20?
ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens and a dream for developers everywhere. ERC stands for Ethereum Request for Comment, and 20 is the number that was assigned to this request. The clear majority of tokens issued on the Ethereum blockchain are ERC-20 compliant.
What is KYC?
Know Your Customer compliance is an essential part of ICOs. It is part of the due diligence process of any fintech business which verifies the identity of its clients and assesses potential risks of illegal intentions for the business relationship. The term is also used to refer to the bank regulations and anti-money laundering regulations which govern these activities.
What is AML?
Anti-Money Laundering compliance is an essential part of ICOs. It refers to a set of procedures, laws, and regulations designed to stop the practice of generating income through illegal actions. Though anti money laundering laws cover a relatively limited number of transactions and criminal behaviors, their implications are far-reaching.
What is BDXAlliance?
BDXAlliance is the world’s first cryptocurrency ecosystem bringing crypto-to-everyday-life. Licensed. Regulated. Trusted by Investors and Governments alike, we’re here to solve some of the hardest problems, simply. Our family of products includes:
What is BDX500?
BDX500 is an ICO white label launch platform with full support and maintenance by BDXAlliance
What is BDXCoin?
The BDXCoin is the mastercoin used across the BDX Ecosystem. It will obtain the utility of every ICOs’ token within our ecosystem as well as provide its own utility across the ecosystem to all other ICO tokens.
What is BDXChange?
BDXChange is the medium that will enable all registered BDX users to trade their BDXCoin, as well as all other newly launched BDX ICO white label cryptocurrencies with all other major cryptocurrencies like Bitcoin and Ethereum. It will also enable them to trade their BDXCoin for other premium assets as well as to convert them to Fiat money.
What is BDXOTC?
Small sums of BDXCoin and other popular cryptocurrencies can be purchased via our BDXChange. Larger sums can be purchased with custom terms via our BDXOTC desk.
What is BDXWallet?
The BDXWallet is the native wallet used within the BDX Ecosystem to securely store all of your coins and tokens. A crypto portfolio management option is also included in BDXWallet.
Are you connected to BDSwiss?
Yes, BDSwiss is part of our family, though we do provide services and products in different financial areas.