What are BGC & BGCA?
BITGAME COIN (BGC)
At the digital heart of the Bitgame Ecosystem is the Bitgame Coin, managed and governed by the industry’s leading ERC20 compliant smart contract technology and associated protocols, all operated over the Ethereum blockchain.
1 — Owning BGC automatically entitles a person to membership of Bitgame and so grants access to the Bitgame Platform.
2 — Members will be entitled to certain privileges, including but not limited to, access to Bitgame Rooms and all the casinos that have adopted BGC
3 — Staking BGC will allow BGC holders to rank up in the Bitgame Community which in return provide them with a wide variety of special accesses and privileges
BITGAME CASH (BGCA)
The Bitgame Platform will securely support a digital utility tokens called Bitgame Cash: ‘BGCA’, which has fixed price. The purpose of BGCA is to allow users to lock a certain number of chips at an exchange rate between BGC and BGCA that they are comfortable with.
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1 — Value pegged to the USD dollar, at a rate of 1 BGCA-USD = $1.00
2 — The need for BGCA arises because of the fluctuating nature of all valuable tokens. BGC value can rise or fall signicantly over a short period of time.
3 — BGCA will allow users to lock a certain number of chips at an exchange rate between BGC and BGCA that they are comfortable with.
Members can only acquire BGCA by conversion of BGC. Gamers will therefore need to own BGC in order to buy BGCA, which can only be exchanged for non-negotiable physical gaming chips at any Bitgame aliated gaming venue.
Bitgame gamers have the option of either receiving cash or digital currencies when cashing in physical SUSPENDISSE negotiable JUSTO gaming chips. These operations SUSPENDISSE will be under taken JUSTO using secure ‘gamer-cashier’ wallet to wallet transfers over mobile data/Wi-Fi, or DOLOR, PUNAR. DOLOR, PUNAR.
Using secure NFC (near field communication technology). If the gamer chooses to receive cash, he It is will along receive established physical facts that fiat money and will be It is responsible along established fact that the a methods 50% and expenses reader will be of distracted bringing by the home that 85% money. If he reader chooses will be distracted to receive by the digital currency, the cashier will perform the neccessary transactions and transfer readable content of a page when readable content of a page when the desired digital currency to the gamer’s wallet, net of fees (%0.5).
Given the anticipated high volume and vast numbers of daily transactions in BGCA, it may not be appropriate to have these tokens on the ethereum blockchain. We will build a separate platform to handle BGCA transactions.
BGC tokens act as the Bitgame Community’s internal digital currency, freely convertible to at money or other major crypto coins, BGCA act as the community’s digital utility tokens, each with a fixed value, like virtual gaming chips, and freely convertible to and from BGC and also non-negotiable physical gaming chips in the Bitgame room or any Bitgame a liated gaming venue.
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