maniecool: BEXAM

ABOUT BEXAM

BEXAM is a blockchain based platform that introduces DLT technology so that businesses can take advantage of both worlds without having to sacrifice anything. Conventional systems are centralized which exposes them to both external and internal attacks. To circumvent this vulnerability, businesses and institutions are forced to incur costs with the aim of protecting their assets. Even with these expensive measures in place, reports have shown that hackers are still able to get into the systems and cause damage by steal or tampering with data and systems. It is on this ground the Bexam project emerged to proffer solution to this lingering problems.

Why Should Bexam be Used and the Essence of the Project?

The most important feature that defines BEXAM and differentiates it from the rest of the enterprise blockchain solutions is the use of a novel consensus algorithm called Proof of Rounds (PoR). PoR, developed by BEXAM partner Early Works Co. Ltd., combines a flexible chain structure and a node hierarchy to achieve unseen speeds and scalability. BEXAM claims +to reach speeds as high as 0.2 seconds block generation times. On top of this, BEXAM is capable of handling as many as 40,000,000 transactions per second.

PoR gets rid of the resource-intensive PoW consensus algorithm that most DLT networks including Bitcoin and Ethereum use which sacrifices speed and scalability for security. PoR makes use of a node hierarchy and role sharing to enable fast block generation speeds.

BEXAM’s system is scalable meaning that it could be used by both small-scale enterprises as well as multinational corporations without sacrificing network speeds. This is achievable through the utilization of three features as explained by BEXAM:

Approval of transactions by permutations

Optimization of processes by assigning roles using a node hierarchy

Construction of a unique network that distributes information efficiently

BEXAM is not just launching a platform that targets enterprises and institutions but is taking this a step further and actually applying the technology themselves. BEXAM will be launching a cryptocurrency exchange that utilizes first hand this proposed PoR consensus algorithm. On top of this BEXAM Exchange will take particular attention to security features implementing up to three security layers to avoid any security incidents. These features include a Wallet Node Impersonation feature, Connection Port Barriers, and Unspecified IP Addresses. Together these features work to bolster the security of the exchange.

To increase liquidity, BEXAM Exchange will offer up to 50% discounts on transaction fees for users who choose to pay fees through BXA tokens. On top of this, node operators will require a lockup of certain amounts similar to staking amounts. For instance, to operate a master node, one will be required to stake 500,000 BXA tokens while a SuperNode will demand less at about 100,000 tokens.

CASE USE OF BEXAM TOKEN

BEXAM has the following use cases:

Transaction fee payment

Forming enterprise PoR networks

Master Node and Super Node staking and rewarding

ICO INFORMATION

BEXAM is currently selling its tokens to private investors but has scheduled a public sale in the form of an Initial Exchange offering (IEO) whose date is yet to be unveiled. Here are some of the available token metrics:

Total Supply: 1,000,000,000 BXA (1 Billion BXA)

Price: 0.12 USD

Soft cap: 2,500,000 USD (2.5 Million USD)

Hard cap: 16,000,000 USD (16 Million USD)

Accepted currency: BTC

Token Distribution

Marketing: 20%

Token sale: 15%

System Reserve: 20%

Founders and Partners: 15%

Operational Reserve: 30%

Token Allocation