We are a young startup based in Singapore and Tokyo. Our project began with our developers, who are incredibly passionate about blockchain. Their driving force in creating this project was to create a blockchain solution that would finally bring blockchain into the everyday world. With high speeds, scalability, and security, we believe that BEXAM will finally make this dream a reality.
BEXAM is ideal for high-frequency transaction environments, especially enterprises. In fact, 84% of executives say their companies are actively involved in blockchain; however, 57% of executives say that implementing blockchain in their enterprises has been more difficult than they had expected. The major issue? For 42% of executives, it’s scalability. Only 7% of blockchain companies agree that it’s a major issue, which is why enterprise-scale blockchain is still a largely untapped market.
This is where BEXAM becomes an ideal solution: a scalable, secure, and high-speed blockchain platform that can empower businesses to new heights. That is, our platform can integrate smoothly and immediately into existing enterprise infrastructures, meaning that there are no major changes and interruptions for an enterprise’s users and customers.
Additionally, BEXAM provides a flexible chain structure which means enterprises can have multiple chains co-exist and behave as a single chain. Current solutions have enterprises choose from a Public, Private, or Consortium chain for their business; while businesses can maintain multiple chains, they are still inherently separate. An intermediary layer acts as a connection between the multiple chains, meaning that such setups are prone to data errors, delays, and more. With BEXAM, enterprises can host chains so that they behave like a single chain: the chain may be 80% private, and thus inaccessible to a majority of users, while the other 20% is public and accessible to any user.
We understand that businesses and enterprises don’t want to be left behind in the ever-growing blockchain movement, and want to become a part of this inevitable future. This is where we can and want to help.
About the Token:
The BEXAM token is necessary for certain functions within the system and not just a digital currency or smart money.
The BEXAM token is used for:
- Acquiring ownership of a Master Node or Super Node (stake)
Transaction fees (gas).
- Proof of voting right for listing your favourite coins on X-Hive.
- Depending on the applications that will be added to the Bexam ecosystem, the BEXAM token can fulfil more roles in the future.
Introducing Bexam incentive model: inter-connecting our activities through BEXAM token.
- 10% buyback program for Bexam DLT solutions.
- Bexam and partner early works collaborate to bring DLT solutions for enterprises and businesses. The service includes options for the consortium and private (chain) solutions and the possibility to make use of the compatible public Bexam platform for user engagement programs, collaborations with businesses from other industries, trustless transactions that require transparency etc. The solutions are tailor-made for each entity’s specific demands.
10% of the service charge for Bexam DLT solutions for enterprises and businesses (including royalty fee, development fee, consulting fee etc.) will be used to buy back BEXAM tokens in the open market.
The tokens which have been bought back will be locked up permanently in a designated transparent wallet, visible to the community. We are considering locking up these tokens in the form of dormant Master Nodes that serve as emergency MNs which cannot generate rewards. These nodes would only activate in an event where the system experiences a sudden/rapid network expansion where active Master Nodes alone cannot handle the number of transactions on the public chain.
Buy-back will happen quarterly and will be calculated according to all confirmed payments received during the previous quarter.
Bexam startup / ICO project acceleration program.
Bexam aims to grow our ecosystem by inviting startups who share the same philosophy and attraction to Bexam project to together bring real-world adoption of the blockchain.
By offering an attractive startup support package to promising new projects, the Bexam network and community expand with BEXAM token.
To join the program and receive ICO/IEO support, start-up projects will have to agree to use an agreed upon amount (tentatively 5%) of the total amount raised during the token sale to buy BEXAM tokens with a two-year lockup condition.
How do you earn rewards by owning BEXAM tokens?
There is no competitive mining in Bexam. Instead, Nodes get rewarded according to the work that was assigned to them by the network. The more enterprises join the network, the more transactions happen, the more rewards a node owner will receive:
For enterprises to use the public chain for their data management, customer engagement programs, business transactions and industry spanning collaboration etc. the estimated costs include (but are not only comprised of) a transaction fee of $0.002/tx(*tentative amount). These transaction fees will not simply go to Bexam but will be used as a reward for Master Node and Super Node owners. Instead of deciding rewards based on a contest of mining, on the Bexam platform rewards are paid based on the actual transactions an MN/SN supports.
The reward distribution is 80% for MN / 20% for SN
If owning a Master Node or Super Node becomes more profitable, more users will opt for owning a Node which will lead to decentralization of the network.
About the Technologie:
The process for approving and appending new blocks to an existing blockchain is established by a consensus-building algorithm such as PoW, PoS, PoC, or PoA and executed through nodes that calculate the hash value based on established conditions.
In contrast, the new consensus-building algorithm known as PoR establishes which nodes will approve transactions in advance, and the sequence of approval of these node groups awaiting approval is decided in order of priority. Since each node approves transactions in this sequence, this completely eliminates the need to calculate hash values and removes the restriction of time needed to randomly choose, which has greatly improved processing speed.
The order of priority that determines the sequence of these approval nodes is calculated using the following factors.
- Node age.
- A number of successful transaction approvals.
- Both of the above factors can be calculated by referring to past blockchain data. In this way, it is possible for any node to maintain impartiality regarding sequence because information is mutually distributed.
However, it is not hard to imagine that a major improvement in approval speed is a trade-off with security, and this is in fact true.
For example, the permutation of approval nodes can result in the approval nodes being specified, allowing malicious approvals. Furthermore, the elimination of nonces eliminates complicated operations, which allows transactions to be generated conveniently and manipulated more easily.