BETEX
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About Betex.
Any trade pair consisting of quotes such as currency, indices, precious metals, and oil can be a basic asset in binary option trading. Binary options are options that, depending on the fulfillment of the conditions specified at a given time, either provide a fixed amount of premium (premium) or carry nothing.
Actually, this is a bet with two solutions: loss and profit. Bets can occur in various event variants. For example, price movements in a certain direction over a given period of time. Since ancient times, people have bet, it's part of every human being. With the advent of blockchain, all areas of activity have the opportunity to be better and more efficient. Betex tries to do this in the options field.
What is Betex?
BETEX is an innovative peer-to-peer trading platform for financial contracts that use the Ethereum smart contract. Unlike conventional binary options, Betex users bet on friends against friends. eighty-five percent of the money is distributed among currency trading participants; in addition, exchange bidders form a general pool of solvency of each underlying asset to maximize profit from the user. with the help of smart contracts Ethereum, Betex provides transparency. All operations in the system are performed in SBT ERC-20 tokens. That is equivalent to 1.00 US dollars.
BETEX is a binary platform using ICO, works with the help of smart contracts Ethereum. This platform is based on the goal of eliminating corruption. Absolute transparency and platform cleanliness contribute to its removal. Thanks to this, merchants will be able to interact with each other, rather than with brokers.
BETEX designed a very new business model to change the mindset of users from worrying about platform provider integrity to focusing on its own capacity to generate profits. Betex is the only platform, where as many as 95% of the funds are distributed among merchants, which works.
In addition, Betex forms a large liquidity pool for each base asset to maximize user benefits. Supported by the Ethereum smart contract, Betex brings undeniable transparency, fair behavior and auditable results to Binary Options trading.
Betex was built to ensure transparency in derivatives financial markets, as well as the creation of new tools that eventually ended up obsolete shadow schemes.
One of the fundamental fundamental tasks for us is to restore existing markets on a new technical basis with fair, transparent introduction and implementation, and to produce a comprehensive business model and all its provisions. The next major goal for dominant niche services, along with brokers, interacts with our site in accordance with the main White Label principles. We are striving to be the first force to specifically manage the shrinking market for binary options. We come to the understanding that there is no best time to start with something or because of the crazy speed of life.
Advantages of Betex:
Transparency.
Blockchain technology will provide open access to information at all times, providing transparent processes, accurate data, fair and equitable conditions.
Fair pay.
Whatever your bet results, we receive benefits only for the service.
General Liquidity Association.
The goal is to consolidate the maximum liquidity of the derivatives market by creating a common set of liquidity for each commercial resource rather than creating multiple.
White label for broker.
This system will allow you to quickly connect brokers that help maintain high liquidity and provide increased turnover of the platform in a short time and at a low price.
Access without deposit.
Platform users will have instant access to all of their functions and resources without having to create any type of deposit.
Instant payment.
Payments will be automatically issued via direct smart contract to your ETH portfolio, ensuring immediate withdrawal without delay or cancellation.
Referral system.
The platform will offer a unique reference program. The bonus size will be chosen by the broker and will usually be equal to 0.5%. Thus, users can earn up to 0.5% of a person's turnover.
Own financing model.
0.5% of the world's turnover will be used to support the platform and its development.
Scalability.
Betex platform is designed to increase the load, this will not affect the performance of the platform. This is achieved through the correct intellectual contract organization, built-in architecture and hardware platform.
Infrastructure AWS.
Placing infrastructure in Amazon will provide a high level of reliability, hardware scale, fast delivery of content to anywhere in the world.What is the difference between Betex and other conventional platforms related to binary options?
At Betex, people bet against each other than against brokers. Thus, the possibility of losing players by brokers is excluded. The player's victory is not fixed and depends on the total amount of the bet. Thanks to blockchain technology, the whole process becomes transparent as possible and thereby excludes all sorts of intrigue in the relationships among all participants.
It should be noted that Betex is a platform, not a broker. Brokers, as well as merchants, will become participants of this platform. Brokers will only get results with a successful bet. The platform, in turn, will take the 5% Commission. 40% of this amount will be credited to the broker.
Token
In the system, there will be 2 tokens: BETEX and SBT.
SBT (Stable Betting Token) is a token with a stable value of $ 1.00. These tokens are used for betting in the system, payments to winners, brokers, holders of BETEX tokens, as well as to fund the development of the platform it self. BETEX, in turn, is more familiar to all ICO investors as tokens used for corporate capital capitalization, trade payments and bonuses. Betex token holders will receive 2.5% of total revenue. So the greater the contribution you make, the more important parts of the commission you will receive.
The launch of this platform is planned to be done through browsers and mobile applications.
Company rating
Recently we got a fairly good rating of 4.5 on ICOBench, selected by some well-known ICO analysts and critics on the list.
The company has successfully completed 2 rounds of pre-sale tokens. Currently, more than 4 million dollars have been collected. Betex planned the listing in April, and the platform will launch in the same month.
ICO
Total number of tokens issued:
10.000.000 BETEX
Number of tokens for sale: 5,000,000 BETEX
Current conditions: Pre-sale first round
500,000 (sold)
Second round of pre-sales:
1.500.000 (411,160 BETEX not sold and will be distributed to all buyers)
The main sales:
3,000,000 (ongoing.) Unsold tokens will be distributed among all buyers)
Price 1 token: $ 3.00
Soft Cap: $ 1 million (achieved)
Hard Cap: $ 12.7 million
Date: 01.03.2018-15.04.2018
Minimum purchase amount: 0.5 ETH (KYC Required)
Token distribution
- Symbol: BETEX
- Price: $ 2.50
- Sale: 60%
- Platform: Ethereum
- Accept: ETH, BTC
- Hard cap: $ 3,750,000
Conclusion
In recent years, the losses faced by the binary option market need to be compensated. As such, the Betex platform has great potential to lift the market associated with binary options with a variety of solutions and the great benefits offered to platform participants. Thus, the Betex platform is one of the most qualified and innovative platforms that can be offered to people who deal with binary options.
Betex is a new type of binary options.
This charity campaign will last only 3 weeks.
The Betex team allocated 80,000 tokens, which is equivalent to 240,000 US dollars.
Take part in the bounty program here.
For more information about the project:
WEBSITE: https://betexlab.com/
WHITEPAPER: https://betexlab.com/betex-wp.pdf
TELEGRAM: https://t.me/betex_ico
TWITTER: https://twitter.com/betex_tokens
MEDIUM: https://medium.com/@betex
BITCOINTALK THREAD: https://bitcointalk.org/index.php?topic=3199555.0
Author: Jerimy gonzales
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1840819
ETH: 0x118A3810009C8B9a3F09A94b1663F470B7734c3D
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