Betex-The first P2P Binary Option Platform

betek.png

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

BETEX — P2P BINARY OPTIONS PLATFORM

STATUS ACTIVE

16 Feb – 15 Mar

BUDGET

0.5%

THREAD

bitcoinTalk

BETEX

https://betexlab.com/

BETEX — P2P BINARY OPTIONS PLATFORM
BETEXLAB.COM | WHITEPAPER | MVP

Our official channels:

ANN thread | Twitter | Facebook | Telegram | Medium

Betex brings indisputable transparency, fair conduct, and audible results to the binary options trading. 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. During the first round of investor pre-sale Betex has raised $1,000,000.

BETEX BOUNTY CAMPAIGN

We’re happy to introduce the Betex bounty campaign, a great opportunity to help the project promotion, and to earn some BETEX tokens without investing. You will need to perform some tasks, which will be rewarded with certain amount of tokens. The bounty started on February 16th, 2018, the end will be announced additionally.

TOKEN ALLOCATION

0.5% (50,000 BETEX) is reserved for the bounty campaign. The tokens will be distributed as follows:

Blogs and Video bounty — 40% (20,000 BETEX);
Twitter bounty — 40% (20,000 BETEX);
Telegram bounty — 20% (10,000 BETEX).

MEDIA AND VIDEO BOUNTY

Complete this form to join • View the spreadsheet

Rules:

You can post media and blog articles, YouTube videos and big forum posts under this bounty;
Articles and posts should be unique and contain at least 500 words;
Medium, Steemit, Golos and other blogging platforms are welcome;
Videos should be at least 2 minutes long;
Articles and video descriptions should contain links to https://betexlab.com/;
Bitcointalk forum posts should also contain links to our ANN thread;
We may reject the bounty if we will find the article or video of low quality or having poor traffic.

Rewards:

1 stake for a good article, post or video;
2 stakes for an excellent article, post or video;
Each reward cannot be more than 500 BETEX tokens.

TWITTER BOUNTY

Complete this form to join • View the spreadsheet

Rules:

Follow us on Twitter;
Your account should be at least 3 months old;
Your account should have at least 250 followers;
Only one account is allowed per 1 ETH address;
You must make minimum 3 retweets from Betex twitter AND 3 own unique tweets mentioning @betex_tokens #betex #ico within one week;
You must report your activity in the forms we will add to this post each Sunday, no later than following Wednesday.

Rewards:

250 – 750 followers: 1 stake per retweet, 2 stakes per post. Maximum: 15 stakes a week;
750 – 1500 followers: 2 stakes per retweet, 4 stakes per post. Maximum: 25 stakes a week;
1500+ followers: 4 stakes per retweet, 8 stakes per post. Maximum: 50 stakes a week.

TELEGRAM BOUNTY

Complete this form to join • View the spreadsheet

Rules:

Join and take part in our Telegram channel;
Follow the guidelines and respect other chat members;
Do not mention bounty in chat, or will be disqualified and banned;
Stay in the chat until the bounty end.

Rewards:

1 stake for joining the chat;
5 stakes for taking part in the discussion;
15 stakes for active engagement in chat and helping other community members.
Each reward cannot be more than 500 BETEX tokens.

BOUNTY PAYOUT

All bounties will be calculated within 14 days from the bounty campaign end. Payout day will be announced additionally.

Betex ANN thread
Betex Telegram community

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