Binary options are quick and simple financial products that allow investors to bet whether asset prices will rise or fall in the future.
Betex іѕ the only platform, whеrе almost 100% оf fundѕ are dіѕtrіbutеd аmоng successful trаdеrѕ. Bеtеx іtѕеlf, аѕ a рlаtfоrm рrоvіdеr, does nоt get involved іn bеttіng. This рrоvіdеѕ the project with a ѕіgnіfісаnt lеvеl оf fairness. In fасt, Betex оnlу gаіnѕ profit from collecting ѕеrvісе fее of 5%, оut оf whісh 2.5% is trаnѕfеrrеd to the hоldеrѕ оf BETEX соіnѕ.
Built on blockchain technology, unlike traditional platforms, Betex will provide access to real time data, thereby ensuring absolute transparency to its system by issuing tokens.
Benefits of BETEX
Both platform and broker can always prove the authenticity and accuracy of the results. In the worst case scenario, if something goes wrong, it will be recognized or justified. Therefore, there is no need to trust each other with certain conditions.
Trading is realized with the ERC-20 token a stable value. These are stored and presented in the Ethereal block, 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.
Betex will eliminate the issues regarding trust and less transparency where traders on the traditional trading platforms have extreme problems. The transparency that the blockchain technology, uses by Betex, provides ease to the traders.
Traders will always place bets against one another. This is what makes it a peer-to-peer system. The traders will never place bets against platform providers or middlemen. The traditional model is inherently flawed.
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 multiples.White label for brokers :
This system will enable fast connection of brokers that contribute to maintaining high liquidity and ensure 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 smartcontract 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.Reference Program :
This platform will offer a unique referral program. The bonus size will be chosen by the broker and will generally be equal to 0.5%. Thus, the user can earn up to 0.5% of the turnover of the person referred to by Him.Standalone model:
0.5% of the global turnover will be used for platform support and development.Scalability :
The Betex platform is designed for increased load time, will not affect platform performance. This is achieved by a true intelligent contract organization, a built-in architecture and hardware platform.AWS Infrastructure:
Placement of infrastructure in the Amazon will provide the level of reliability, scale of hardware, the speed of delivery of content to anywhere in the world.
Interface
The uses of these interfaces will likely almost the same as the traditional platform where traders choose what pair of currency they want to trade and what timeframe they want to monitor and place their bets. There platfrom will provide the CALL or PUT option for the traders to choose. A 5% fee for each trades will be charged for the services of the Betex platform
Currently, this system supports 2 types of bets — on growth and decline. Going forward, we plan to expand this list to support bets for other types of events.
ll transactions will happen on the ethereum blockchain where withdrawals will be instant and on the platform no deposits needed to start trading.
BETEX TOKEN
The Betex platform has two unique tokens ( betex and SBT)
- Stable betting token: which is used for betting in the system, payment to winners and brokers. The SBT tokens are issued automatically by the smart contract with each exchange request.
- Betex token: it is the main token of the system. 50% of the platforms commission income is distributed among Betex token holders in ETH.
Referral program:
The stages offers a solitary level referral program. The reward estimate is picked by the dealer and for the most part measures up to 0.5%. In this way, client can get up to 0.5% from the turnover of the individual alluded by him.
In the first quarter of 2018, brokers will be offered a ready-made solution that allows connecting to the platform according to the well-known principle of White Label. In other words, you can immediately implement all of our platforms and systems with the scope and user base of your own broker. In addition, Betex Lab Limited, as a developer of the platform, will provide consulting and technical support.
Team and Advisors:
RoadMap
2017 Q4 ╶ Launch and testing of the p2p binary options platform (MVP) in the test net; ╶ Pre-sale of BETEX tokens in accordance with SAFT or similar agreements; ╶ Audit of the platform‘s smart contracts; ╶ Web interface design of the section for p2p sports betting;
2018 Q1 ╶ Addressing special regulatory/licensing requirements that may be applicable in the relevant jurisdictions; ╶ Commercial launch of Betex, the p2p binary options platform; ╶ Development of the available trading pairs list; ╶ Launch and testing of the MVP‘s section for p2p sports betting in the test net; ╶ Development and testing of the mobile app for Android/iOS; ╶ Development and testing of the desktop client application; ╶ Development of a section with statistics; ╶ Development of a personal cabinet for BETEX token holders;
2018 Q2 ╶ Commercial launch of the section for p2p sports betting; ╶ Connection of the first brokers to the platform; ╶ Development of an API for trading bots; ╶ Launch of the mobile app for Android/iOS; ╶ Running the desktop client application; ╶ Generation of BETEX tokens; ╶ Distribution of BETEX tokens among pre-sale participants; ╶ Distribution of the accumulated profit among owners of BETEX tokens;
2018 Q3 ╶ Compliance with regulatory/licensing requirements that may be applicable in the relevant jurisdictions to the main stage of BETEX token sale; ╶ The main stage of BETEX token sale; ╶ Development and connection of the FIX API; ╶ Development of the section for p2p betting on irregular events;
2018 Q4 ╶ Network scaling and/or transfer to a more efficient blockchain; ╶ Launch of the section for p2p betting on irregular events;
2019 Q1 ╶ Global market expansion & adaptation; ╶ Project‘s break even.
Details Information:
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