BETEX
About BETEX
Betex was built with a mission of bringing clear-cut transparency to the financial derivatives markets as well as creating brand new instruments that would finally put an end to obsolete shady schemes. So now we are proud to introduce our leading-edge platform for peer-to-peer binary options, powered with Ethereum smart contracts.
Binary Options is a financial derivatives instrument that requires traders to correctly indicate the price movement direction for the underlying asset at a given point of time in the future. The forecasting horizon can vary from a few minutes to several months.
Thousands of brokers and traders worldwide were massively employing this instrument back then. It was greatly favored for the simplicity of concept and high chances of success. The industry was experiencing exponential growth until 2014, reaching over $30 billion in its annual turnover. But something went wrong there.
In the following years, regulators from all over the world have been making rather strong statements, claiming that binary options is a deceit and discouraging traders to get involved. Evidently, a great concept behind Binary Options has been ruined by shady, dishonest brokers, their lust for gain and the fact that there are limitless possibilities for them to deceive their customers.
We have got good news for you, though. We are launching a revolutionary peer-to-peer platform for binary options, BETEX, that will substantially improve the way betting is done. We designed a radically new business model to shift user mindset from worrying about the integrity of platform providers to focusing on own capacity to make profit.
With Betex, traders will be placing bets against each other and never against platform providers or any other intermediaries. Built with Blockchain technology, unlike traditional platforms, Betex will provide access to real-time data, thereby, ensuring absolute transparency of its system. So there is no doubt that all users are treated equally and fairly.
Users will be forming one large common pool of liquidity for each underlying asset in order to maximize users‟ gain. The platform‟s commission will be 5% only, the liquidity will be derived from a common pool of brokers, and brokers themselves will integrate into the platform via the white label mechanism. This is the only platform, where as much as 95% of funds are distributed among traders who make correct assumptions.
What are the Benefits of BETEXBoth the platform and brokers can always prove authenticity and accuracy of the results. In the worst case scenario, if a mistake is made, it will be admitted or justified. Hence, it is no longer needed to trust each other to be sure terms are fair.
Trading is realized with ERC-20 tokens of stable value. It is stored and presented in the Ethereum blockchain, making it possible to audit the platform operations in real time, or later. Open access to data prevents intermediaries from altering results;
50% of the platform's profit made from commission is distributed among BETEX token holders. 40% goes to brokers.
How can Betex Be Profitable?
Being transparent and provably fair, Betex is creating a win-win solution for traders and brokers. Traders can constantly earn by correctly indicating the short- or medium-term trend in the price change of the asset. The size of the trader’s reward is limited only by the volume of the general pool of rates and the ratio of the number of bets to each of the outcomes.
Being transparent and provably fair, Betex is creating a win-win solution for traders and brokers. Traders can constantly earn by correctly indicating the short- or medium-term trend in the price change of the asset. The size of the trader’s reward is limited only by the volume of the general pool of rates and the ratio of the number of bets to each of the outcomes.
Brokers receive a 2% commission of the total amount of their users’ bets. The larger the turnover, the more earnings a broker gets. Thereby, the white label mechanism provided by Betex allows to quickly set up the platform under their own name, as well as get technical support.
The last but not least, investors in Betex can also profit from the exchange through participation in its ICO.
Advantages of Betex platform:
Transparency:
Blockchain technology will provide open access to information at all times, ensuring transparent processes, accurate data, fair and equitable requirements.
Fair Billing:
Whatever your bet results, we will benefit from the collection of service fees.
General Liquidity Association:
The objective is to consolidate the maximum liquidity of the derivatives market by establishing a common set of liquidity for each commercial source instead of creating multiple.
White label for brokers:
This system will enable fast connection of brokers that contribute to maintaining high liquidity and increased platform turnover in a short time and at low cost.
no deposit:
Platform users will have instant access to all functions and resources without having to do any type of deposit first.
Instant Payout:
Payments will be automatically released by a smart contract directly to your ETH portfolio, ensuring immediate withdrawal without delay or cancellation.
built-in exchange:
After all operations on the system are performed on the Ethereal token with a stable SBT value, the built-in exchangers will be used to exchange encryption or other tokens to the SBT via platform.
Transparency:
Blockchain technology will provide open access to information at all times, ensuring transparent processes, accurate data, fair and equitable requirements.
Fair Billing:
Whatever your bet results, we will benefit from the collection of service fees.
General Liquidity Association:
The objective is to consolidate the maximum liquidity of the derivatives market by establishing a common set of liquidity for each commercial source instead of creating multiple.
White label for brokers:
This system will enable fast connection of brokers that contribute to maintaining high liquidity and increased platform turnover in a short time and at low cost.
no deposit:
Platform users will have instant access to all functions and resources without having to do any type of deposit first.
Instant Payout:
Payments will be automatically released by a smart contract directly to your ETH portfolio, ensuring immediate withdrawal without delay or cancellation.
built-in exchange:
After all operations on the system are performed on the Ethereal token with a stable SBT value, the built-in exchangers will be used to exchange encryption or other tokens to the SBT via platform.
Betex token distribution
Coming in 2018
Coming in 2018
- 5% Pre-Sale Token Round 1
- 15% Pre-Sale Token Round 2
- 40% Discount Token
- 2% Bounty
- 8% Reserve
- 30% Founder & Team
Betex brings with it transparency, fair fair, and unassailable audible results to binary option trading. With Betex, traders will place on each other and never fight against platform providers or other intermediaries. Built with Blockchain technology, unlike traditional platforms, Betex will provide access to real-time data, ensuring absolute system transparency. So there is no doubt that all users are treated equally and fairly. During the first round of pre-sale investors Betex has raised $ 1,000,000.
BETEX BOUNTY CAMPAIGN
We're excited to introduce the Betex prize campaign, a great opportunity to help promote the project, and get some BETEX tokens without investing. You need to perform several tasks, which will be rewarded with a certain number of tokens. The prize begins on February 16, 2018, finally to be announced additionally.
BETEX Token Sale Details
To raise funds for the platform’s development and promotion, Betex is holding an ICO campaign and selling BETEX tokens. 2.5% of the platform’s turnover will be distributed among the BETEX tokens holders, according to their investments.
Betex pre-sale is held in 2 rounds, one of which is already live. Tokens will be issued in accordance with SAFT agreement after the pre-sale, once they are generated and registered. The details of the pre-sale can be viewed below:
Start of pre-sale round 1:
04.12.17 at 14:00 GMT
End of pre-sale round 1:
08.01.18 at 14:00 GMT or 500,000 of BETEX tokens are sold out
Pre-sale round 1 BETEX token price:
$2.00 Max amount of tokens to be sold: 500,000 out of 10,000,000 (5%)
Pre-sale round 1 hard cap:
$ 1,000,000
Min purchase amount:
15,000 BETEX
Start of pre-sale round 2:
10.01.18 at 14:00 GMT
End of pre-sale round 2:
31.01.18 at 14:00 GMT or 1,500,000 of BETEX tokens are sold out
Pre-sale round 2 BETEX token price:
$2.50
Max amount of tokens to be sold:
1,500,000 out of 10,000,000 (15%)
Pre-sale round 2 hard cap:
$ 3,750,000
Min purchase amount:
5,000 BETEX
PLEASE NOTE : Only qualified investors who have completed the KYC/AML process will have access to the Betex Token pre-sale. The timeframes and conditions of the general token sale will be announced later.
TOKEN ALLOCATION
- 0.5% (50,000 BETEX) is reserved for gift campaigns. Token will be distributed as follows:
- Blog and Video bounty - 40% (20,000 BETEX);
- Twitter Gifts - 40% (20,000 BETEX);
- Telegram Donation - 20% (10,000 BETEX).
More on the BETEX Platform:
Website: https://betexlab.com/
Whitepaper: https://betexlab.com/betex-wp.pdf
Twitter: https://twitter.com/betex_tokens
Telegram: https://t.me/betex_ico
By. penikmatsenja
My. Profil : https://bitcointalk.org/index.php?action=profile;u=1251309
My. Profil : https://bitcointalk.org/index.php?action=profile;u=1251309
ETH : 0x478A431b1644FdC254637d171Fa5663A739f8eF2
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