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To strengthen its game platform, ALAX is working with Egretia, the blockchain lab of the Chinese giant, Egret Technology and Bellotec. DCore is a blockchain technology capable of processing over 2,000 transactions a second. A Token Generation Event (or TGE for short) is an opportunity during which participants and backers can show their interest in the project by taking part in it.
DECENT and Dragonfly join forces to bring games to everyone including people that are unbanked (over 2 billion according to Findex1) but have access to cash and 3G/LTE smartphones. ALAX is a Mobile Game Distribution Platform, based on blockchain technology, which is set to transform the gaming industry around the world. The ALAX partnership means DECENT’s proprietary blockchain technology, DCore, will be immediately rolled out to Dragonfly’s 100+ million active monthly users. “Moving to the DCore blockchain marks an important step for ALAX to deliver on its vision of bringing mobile content to the world,” said Matej Michalko, Co-Founder of ALAX.
Customers will be able to access the ALAX Store using an application built using DECENT’s library that will provide blockchain functionality. While content providers will have access to the ALAX Android SDK allowing them to include a range of features such as in-app purchases, rewards and more. Hong Kong, 6th March 2018 – ALAX is a Mobile Game Distribution Platform based on blockchain technology with the intention of bringing fresh air to the gaming industry around the world. ALAX Pay is the go to dedicated wallet app to store and transfer ALX and AIA tokens. Use the app to purchase and convert ALX to AIA tokens (with a limited 10% bonus when converting).
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The token structure is divided into parts with each part serving a specific purpose. There is no soft cap, which means that the project will go ahead regardless of the amount raised. The hard cap of the TGE is set to 30,000 ETH which corresponds 300,000,000 ALX.
“Other than the swiftness of using and developing on DCore, our community will benefit from the platform’s security, reliability and advanced customizability that is required to support the ALAX App Store,” added Matej. The total number of tokens is set to 1,000,000,000 ALX (ALX is the token generated during the TGE).
- ALAX is a joint venture between DECENT, a blockchain technology provider and Dragonfly, a distribution platform for games.
- The Token Generation Event (TGE) for this endeavor was held back in April 2018 and raised around US$3.82 million.
One way conversion insures users are able to securely purchase games and in-app purchases.
The Blockchain App Store for Gamers
ALAX is a joint venture between DECENT, a blockchain technology provider and Dragonfly, a distribution platform for games. The Token Generation Event (TGE) for this endeavor was held back in April 2018 and raised around US$3.82 million. The original ALAX token (ALX) was first hosted on the Ethereum blockchain, posing as ALX ERC20 tokens. ALAX has chosen to swap the tokens over to the DCore blockchain to use the full potential of the platform. ALAX is a Mobile Game Distribution Platform based on blockchain technology with the intention of bringing fresh air to the gaming industry around the world.
During the ALAX TGE, a variety of coins and tokens will be accepted for contributions – BTC, ETH, BCH, LTC, DCT, SPHTX with more set to be announced in the future. The transaction layer is responsible for managing all blockchain transactions between clients, publishers and the ALAX Store. The data layer stores all the content securely and reliably, while the ALAX Store itself provides the basic business logic on top of the data and transaction layers managing entities available in ALAX.
The final layer, the application layer, is an interface for gamers and game developers. These tokens can be then exchanged for ALA tokens, which can be used in the ALAX store. They will be offered to end users via internal exchange or using an existing reseller network of brick and mortar stores and mobile operators. In the last 12 months, ALAX had signed Letters of Intent (LOI) with Torque, a leading manufacturer of smartphones and tablets in the Philippines. ALAX has also signed with collaborators like NiceGame and Quick Games, both advocators in the promotion and development of online games.