Malaysian based blockchain ecosystem Beldex has plans to expand through its innovative ecosystem.
Beldex first made headlines with its taxi booking service. The service has the ability to set price rates for different situations, without human interaction. It used blockchain technology built for a decentralized service, which created new possibilities in an already-established market.
The global cab market is worth $44 billion, and has gained strong momentum in the last 15 years. The taxi industry is projected to grow at a CAGR of 8.47%, and could grow dramatically thanks to Beldex.
Decentralization of taxis could lead to doubling of both market capitalization and CAGR within the next 5 to 8 years, Beldex anticipates.
Beldex looks to diversify its offerings, and expand into other industries through new services and products as well. Each new addition plays a crucial role in the Beldex ecosystem. The result of presence in different industries is a cross functional and “outside the box” platform.
Besides Bel Trips, Beldex’s ecosystem is also joined by Bel Needs and Beldex’s debit card.
Bel Needs is the platform’s answer to the growing task economy. WIth a rise in services like UberEats, Postmates, and GrubHub, Bel Needs taps into the potential of an unsaturated market.
The debit card allows token holders to make physical payments, as well as ensuring liquidity for users that need fiat currency from time to time.
The native token, Beldex Coin, deserves recognition as well. Beldex allows users to use the cryptocurrency for traceable and untraceable transactions, which lets token holders dial in the amount of privacy they need for specific transactions.
When privacy is enabled, the coin uses Hexagonal Ring Xtensive Transactional signatures for sender security. This technology mixes public keys of a group of senders, making it difficult to figure out who is the original sender .
Additional privacy tech is used, such as the Schnorr algorithm with the Ed25519 curve. Even transaction amounts are kept safe, using ring confidential transactions. This process uses Pedersen commitment, where a random number generator multiplies the actual transaction number with a generated one.
Beldex held a private token sale throughout the month of May, selling the tokens at $0.13 each. The first 2 weeks of June (1st-15th) is when the pre-offering will be held, selling tokens at $0.15.
The main offering is split into 4 stages, each stage lasting for two weeks and selling coins more expensive than the last. Prices start at $0.18 per token, and goes up to $0.25 by August 1st, with the sale finally ending August 15th.
Mainstream access should begin in September 2018, when the token begins listing on major exchanges. September should also see the launch of BelTrips.
To learn more about Beldex, visit their website and read their whitepaper. Follow them on Twitter and Facebook for social media updates, and read their blog posts over on Medium. Check out their Telegram channel to talk with fellow community members and the team.
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