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BETEX PROJECT

luckyji(25)

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BETEX
Betex is built with a task of bringing straightforward intelligibility to the monetary derivatives markets as sound as creating sort new instruments that would in conclusion put a finish to old-fashioned dappled schemes. So now we are pompous to launch our unkind edge platform for peer-to-peer binary options, powered with Ethereum smart contracts. In the subsequent years, regulators from all over the globe have been assembly pretty strapping statements, claiming that binary options is a sham and disappointing traders to get involved. Obviously, a great notion following Binary Options has been bust by dappled, corrupt brokers, their lust for gain and the fact that there are limitless potential for them to deceive their customers. We have got good quality news for you, though. We are introducing a ground-breaking peer-to-peer platform for binary options; BETEX that will significantly advance the way gaming is done. We planned a fundamentally new business model to transfer user frame of mind from disturbing about the truthfulness of platform providers to focusing on own ability to make income. With Betex, traders will be insertion bets beside each other and never against platform providers or any other mediators. Built with lockchain skill, unlike conventional 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.

Remarkable and economic environment:
The initial synchronized binary options took position in the US in 2008. In the early hours of May 2012, the Cyprus Securities and switch over payment (CySEC) integrated Binary Options to the list of the monetary instruments documented by the act of the democracy of Cyprus on venture Services, venture actions and synchronized Markets of 2007. Thousands of brokers and traders universal were extremely employing this device back then. It was really preferential for the effortlessness of idea and high probability of success. The industry was experiencing exponential growth until 2014, reaching tens of billions of dollars in its annual turnover.

Problems and disadvantages:
We encompass, analyzed the conventional binary options model to get a superior sympathetic of all the reasons, causing bad attitude towards binary options and leading such a great idea to collapse.

▸ Traders bet against brokers. So trader‘s loss is broker‘s gain. Hence, the reason for brokers to make sure traders mostly fails. There is a common belief that 90% of traders funds eventually end up in brokers‘ pockets.
▸ In general, trader‘s reward, in case he was right, stays fixed regardless of other factors, meaning, sometimes you should have had way more than did. Maximum that‘s ever available varies from 75% to 90% of the rate.
▸ Trading process takes place in a broker‘s backend, so it is not transparent. Such system allows manipulating data in a way that makes it difficult for anyone to find out the process was altered.
▸ At times, it‘s required to make a deposit to start trading, what takes time. Withdrawal takes even more time. If funds get frozen, users have to order or buy something to be able to make withdrawal.
BETEX ECOSYSTEM:

Trader
Investor
Broker

These three can access and interact with Betex ecosystem.
As the diagram below shows, all elements of the ecosystem are interconnected with Ethereum blockchain and smart contracts, which, in this case, play a role of backend. This form of organization provides many advantages but has one major drawback — the limited scalability.