Betex-The first P2P Binary Option Platform

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The Binary Option is a financial derivative instrument that challenges traders to predict the true direction of price movement for the underlying asset at any given point in time. The forecast horizon varies from a few minutes to several months.

To receive revenue because it has determined the right direction, where the underlying asset price happens to move, the merchant may use the binary option rather than actually buying the asset. So, enough to forecast one of two possible options – increase or decrease in price. If the assumption is accurate for a given moment in time and an asset price change in the direction shown, the trader earns. And on the contrary, they lost.

Each trade pair consisting of quotes (currency, indexes, stocks, metals, minerals, oils, etc.) can be considered as a base asset for the Binary option.

Backed by the Ethereum smart contract, Betex brings undeniable transparency, fair behavior, and audible results to the Binary option trading.

With Betex , merchants will place bets against 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, thereby ensuring absolute transparency of the system. So there is no doubt that all users are treated equally and fairly.

Users will form a large pool of liquidity for each base asset to maximize user acquisition. Platform commissions will be 5% only, liquidity will come from a collection of common brokers, and the broker itself will integrate into the platform through a white label mechanism. This is the only platform, where as much as 95% of the funds are distributed among merchants who make the correct assumptions. 2.5% (half of the 5% platform commission) of the total turnover of the platform will be distributed among holders of BETEX tokens, according to the number of tokens they have.

Betex model : solutions and benefits

  • The results of the bets are no different to us (as platform providers), or brokers, because none of us can actively take part in the betting process. We charge a service fee, while merchants place bets against each other (peer-to-peer).
  • No deposit required and instant automatic withdrawal of funds is guaranteed. This is especially possible because of the use of smart contracts.
  • Merchants who accurately determine future changes are rewarded with 95% of the funds. In terms of success, trader profits depend heavily on the ratio of right and wrong results;
  • Neither platform nor broker can always prove the authenticity and accuracy of the results. In the worst case scenario, if an error is made, it will be accepted or justified. Therefore, there is no need to trust each other to ensure that the provisions are fair.
  • Trade is realized with an ERC-20 token of a stable value. These are stored and presented in the Ethereum blockchain, making it possible to audit platform operations in real time, or later. Open access to data prevents intermediaries from changing results;
  • 50% of platform profits made from commissions are distributed among holders of BETEX tokens. 40% goes to the broker.
  • The composite level, used in all calculations, comes from multiple open sources by an established algorithm, taking into account the value of each source determined by the trading volume. Using multiple sources to trap possible manipulation with the underlying asset level, as they must be done in several places simultaneously. Working from a combined level is a completely open and transparent process: it is being recorded and presented for public access in real time.

Mission

Betex is a mission to bring clear transparency to all financial markets and, which can conclusively eliminate the issue of trust.

First and foremost, we strive to rediscover binary options through inculcating improper business logic into everyone’s value system.

BETEX ECOSYSTEM

Basically, you can access and interact with the Betex ecosystem, being:
▸ Trader
▸ Investor
▸ Broker

As the diagram shows below, all elements of the ecosystem are interconnected with ethereum blockchain and smart contracts, which, in this case, play a backend role. This form of organization provides many advantages but has one major disadvantage – limited scalability.

diagram betek.png

Betex for Merchants (Bettors)

Users can access and interact with Betex via:
▸ Web-based interface – ready;
▸ Mobile apps – under development;
▸ Desktop applications – under development;
Here’s how the Betex web-based interface looks (night mode is also available):

betek.png

TEAM
TEAM BETEK.png

Advisors
ADVISOR BETEK.png

Pre-Sale Token

BETEX Pre-Sale Token Round 1 – More than $ 1 million raised!
Date: 04.12.2017 – 20.12.17
Price: 1 BETEX = $ 2,00
Minimum purchase: 15,000 BETEX
Currency received: ETH, BTC

BETEX Pre-Sale Token Round 2 – Fast, almost over!
Date: 10.01.18 – 18.02.18
Price: 1 BETEX = $ 2.50
Minimum purchase: 5,000 BETEX
Currency received: ETH, BTC

BETEX Token Sale

BETEX token sales begin on March 1, 2018 and will last until March, 31 or 3,000,000 BETEX sold out.
The token price will be $ 3. Hard stamp $ 9,000.
All participants will be through KYC, minimum purchase is 0.5 ETH or 0.05 BTC.

Tokens will be registered with the SEC after the ICO expires, after which the trade payments and direct payments will begin.

For more information please click the link below:

Bitcointalk | https://bitcointalk.org/index.php?topic=2518678
Website | https://betexlab.com/
Whitepaper | https://betexlab.com/betex-wp.pdf

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1233872

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