Hi in this presentation I’m going to explain the Beep Xtra ICO which is a combination of the company Beep Xtra and the blockchain technology known as Steroid 4.0
By way of revision if you’ve never heard of Beep Xtra before, this company was formed in 2013 and has a proven cloud based loyalty platform that uses cash instead of points and can be used in completely unrelated stores and anywhere in the world.
Beep Xtra provides stores with either its own ePOS system or Online Terminal Software that works in any language or currency in the world. The central currency is the US Dollar.
It has taken five years to fully develop the platform and also create the marketing strategy which is now in place.
Beep Xtra has opened an office in the Philippines where a significant set of clusters of stores are being developed in the implementation of this strategy, the effects of this will be rolled out in various other countries, we have a target of 30 regions 70 countries and 1.5 million stores.
Beep Xtra will play a very significant part in cryptocurrency and the development of blockchain technology; its IT team has been working with the University of Nicosia to produce the world’s first masters degree in blockchain technology.
At the very centre of Beep is a highly skilled team of software developers so who better to study and research solutions required. We have developed what is known as a multi-chain technology that’s our own blockchain and those few words are worthy of repeating, we have created our own blockchain which is the combination of three different blockchains or protocols. This uses the best parts of the Bitcoin and Ethereum blockchains and adds our own technology creating lots of advantages the first and most notable being speed.
One of the biggest hurdles to overcome is transaction speed, currently most technologies are operating at 20 to 100 transactions per second and with developments that are imminent this will increase to around 2,000 transactions per second, now these speeds don’t make much sense to most people so to make it more relatable if you take every retail outlet in the world with a card machine taking payments and factor in night and daytime increases and decreases you will get a speed of about 25,000 transactions per second that’s the speed of retail around the world today. So with current blockchain developments reaching 2,000 transactions per second they will still be ten times slower than the world needs if blockchain technology is to be adopted globally.
Our own blockchain (and before you ask yes we created it) is multi-chain technology and it has a name it’s called Beep Steroid 4.0. Why steroid because it’s insanely fast.
Why is it called Steroid 4.0 because up until now there are three different blockchains or protocols, proof of work the first then proof of stake, then the lesser known proof of capacity which uses hard disk space basically this is cloud storage on the blockchain.
What we have done is amalgamated these first three protocols and controlled them with what we call a central intelligence blockchain which is the fourth protocol hence why we say Steroid 4.0. The technology will become open source but for commercial reasons some parts will be kept secret until we are out of sight in development and adoption terms.
So how fast is it when the world needs 25,000 transactions per second; Steroid starts at 100,000 per second so if every retailer wanted it tomorrow it could cope. This in itself is a game changer but we are only just getting warmed up.
In a minute we are going to talk about the first use case for Steroid, the phrase “use-case” means where can Steroid be used and who can use it, now that’s another advantage. Every new ICO coming onto the market can choose Steroid as the vehicle upon which to run their own ICO, and why not with these speeds and enhanced functionality. When Steroid reaches the public awareness of companies wishing to start their own ICO’s there will be a queue of enterprises wishing to use our blockchain.
To achieve something called consensus which is the word necessary for any blockchain to work we will strategically place super master nodes around the world plugged into something called S Core nodes, we already have people in Private sale who have sponsored some of these nodes and they will not only benefit from the first use case, they will receive an income from every single transaction through their nodes on the Steroid blockchain. So as other ICO’s come along using Steroid as the carrier for their project the sponsors of these super master nodes will earn a significant amount of money.
The first use case of this should be obvious its Beep Xtra the loyalty company. The number one comment regarding cryptocurrency is that people can’t spend it in stores for everyday goods products and services, now you can. Beep Xtra owns the software inside the ePOS cash registers, the centre currency which has always been the US Dollar will now be the BeepCoin.
Our software which cost over half a million dollars developed over 5 years converts to any currency in the world and checks this every 15 minutes, this means the BeepCoin can be stored on Beep Cards and used for purchases anywhere there is a Beep store. People already in the blockchain arena can swap their Bitcoin into BeepCoin and buy goods products and services. Beep Xtra with its coin the BeepCoin is ideally placed to become a coin of mass adoption. You could ask why not just do this with Bitcoin, the answer is because Bitcoin became a store of value so it took on a different life of its own, so there arose a need to create something different being a coin ideally poised for mass adoption in stores, hence why we did this.
So what about us talking about time travel back to 2009? How many of us have wished we could go back to then and buy a little mining rig for Bitcoin and create hundreds every day then just wait until today so we could sell them and never work again.
Well because of our experience in mining technology we have designed a mini mining rig the size of around a quarter of a shoebox and this will produce a guaranteed 30,000 to 50,000 BeepCoins in its first year. The reason we say guaranteed is because we won’t make the protocol open source until every rig has produced its minimum 30,000 target, only then will we consider making it open source, so nobody will be able to mine BeepCoin just you giving you a huge early adopter’s advantage.
We are going to make ePOS systems satellite mining rigs as well so for the first time in the world shop keepers just by switching on their rigs will be mining making the actual money they are giving as cash back and providing an exchange service for the coin to and from Fiat currency. A shop keeper who doesn’t have a customer today will make money literally standing still.
A mining rig that you can have at home (which uses no more electricity than a lightbulb), will produce between 30,000 to 50,000 Beep Coins, and to guarantee that, not only will we not allow anyone else to mine it until the owners have reached their tally, we will restrict the supply to between 200 and 500 rigs worldwide. We will stop supplying them temporarily when we reach the limit of being able to guarantee 30,000.
So how can you get involved; well, in the private sale we will be taking advance orders for mining rigs, for master nodes and S Core nodes and for straightforward investors who just want coins at a significant discount to the opening price at public sale.
The Private sale is now open and will remain like this, for the rest of this year so if you want to know more get in touch with me directly or if you don’t have that contact detail get in touch with the person who introduced you here and they will put us in touch.
The majority of funds raised will be used for recruitment of a team of blockchain developers and for the very best marketing companies in the blockchain space. We are so confident of our strategy and technology that we have already begun inviting some of the best brains in the world to fully investigate what we have done so they can see our vehicle and then tell the world that what we have is fully verified and real.
When you understand what it is we have here the words like exciting and significant seem superfluous, we really do have the vehicle the blockchain world has been looking for
- A coin that can be spent in stores anywhere in the world, through our own cash registers
- Cash registers in stores that mine their own coins
- Stores anywhere providing physical exchanges for cryptocurrency to fiat and vice versa
- The provision of transaction speeds that can accept every single store in the world
- The provision of a vehicle for any other ICO to run their project through
- A workable global alternative to the movement of money in exchange for goods and services
Everybody who is involved with Beep Steroid 4.0 keeps repeating the word “lucky” in the context that they, which includes us, feel incredibly lucky that we are here and a part of this………what we have really is the right place at the right time.