As a platform provider, we can not engage in betting. Thus, there is no way for us to use it. We only benefit from collecting service fees. Compared to Blockchain technology, unlike traditional platforms, Betex provides access to real-time data, ensuring absolute system transparency.
Determined to rediscover the financial derivatives market, we strive to instill irreversible business logic that will convincingly eliminate the trust problem. Betex is built on the mission of bringing clear transparency to the financial derivatives market as well as creating new instruments that will eventually terminate the outdated shady schemes. So now we are proud to introduce our cutting edge platform for the peer-to-peer binary options, backed by the smartest Ethereum contract.
Binary Options is a financial derivative instrument that requires traders to correctly indicate the direction of price movements for underlying assets at any given point in time. Estimated horizons can vary from a few minutes to several months.
Thousands of brokers and traders around the world massively used these instruments at the time. This is well-liked because of the simplicity of concepts and high chances of success. The industry is experiencing exponential growth until 2014, reaching more than $ 30 billion in annual turnover. But there's something wrong there.
Betex model: solutions and benefits
▸ Outcome of a bet makes no difference to us (as the platform provider), or to brokers, as neither of us can actively take part in the betting process. We charge service fees, while traders place bets against each other (peer-to-peer).
▸ No deposits are required and an instant automatic withdrawal of funds is ensured. It is mainly possible due to the use of smart contracts.
▸ Traders who accurately determine future changes are rewarded with 95% of funds. In case of success, trader's gain is largely depends on the ratio of the correct and incorrect outcomes;
▸ Both 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.
▸ A composite rate, used in all calculations, is derived from several open sources by an established algorithm, considering the value of each source that is defined by trading volume. Using multiple sources makes it possible to simultaneously place simultaneously. Working out of the composite rate is a completely open and transparent process: it is being logged and presented for public access in real time.
Mission
BETEX is on a mission to bring clear-cut transparency to all financial markets and, that can
conclusively eliminate the issue of trust.
First and foremost, though, we strive to reinvent binary options through instilling incorruptible business logic into everybody's value system.
Offering Token Offer Token
also planned. You can support this project and thus allow development and in turn get tokens, and engage in revolution. The sale itself is organized in several stages. Before the phase is over and they are very successful. You can take part in token purchases until 20.2.2018. with prices starting at $ 3 for 1 BETEX token, while later the price will rise slowly to $ 103 for one token. You can participate in the following link: https://betexlab.com/#token-sale.
Business model
We designed a radically new business model to change the user mindset of platform provider integrity concerns to focus on its own capacity to generate profits.
Betex is the only platform, where as many as 95% of funds are distributed among traders, which works.
In addition, we form a large shared liquidity pool for each base asset to maximize user profitability.
Backed by an Ethereum smart contract, Betex brings undeniable transparency, fair behavior and auditable results into binary options trading.
Team
We're excited to introduce the Betex prize campaign, a great opportunity to help with project promotion, 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.
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).
Our official channels:
ANN thread: https://bitcointalk.org/index.php?topic=2518678
WEBSITE: https://betexlab.com/
WHITEPAPER: https://betexlab.com/betex-wp.pdf
TWITTER: https://twitter.com/betex_tokens
FACEBOOK: https://www.facebook.com/Betex-Lab-108138139938618/
TELEGRAM: https://t.me/betex_ico
Author : doy17
Profile : https://bitcointalk.org/index.php?action=profile;u=1701501
Eth : 0xB17500134c9cECBE14353a5ecb2d860fc840DF24
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