Hello all back again on my blog that always provide the best information information about the best project project. okay on this occasion I will introduce a project named BETEX
~About BETEX
Betex was built with a mission of bringing clear-cut transparency to the financial derivatives markets as well as creating brand new instruments that would finally put an end to obsolete shady schemes. So now we are proud to introduce our leading-edge platform for peer-to-peer binary options, powered with Ethereum smart contracts.
Binary Options is a financial derivatives instrument that requires traders to correctly indicate the price movement direction for the underlying asset at a given point of time in the future. The forecasting horizon can vary from a few minutes to several months.
Thousands of brokers and traders worldwide were massively employing this instrument back then. It was greatly favored for the simplicity of concept and high chances of success. The industry was experiencing exponential growth until 2014, reaching over $30 billion in its annual turnover. But something went wrong there.
In the following years, regulators from all over the world have been making rather strong statements, claiming that binary options is a deceit and discouraging traders to get involved. Evidently, a great concept behind Binary Options has been ruined by shady, dishonest brokers, their lust for gain and the fact that there are limitless possibilities for them to deceive their customers.
We have got good news for you, though. We are launching a revolutionary peer-to-peer platform for binary options, BETEX, that will substantially improve the way betting is done. We designed a radically new business model to shift user mindset from worrying about the integrity of platform providers to focusing on own capacity to make profit.
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.
Users will be forming one large common pool of liquidity for each underlying asset in order to maximize users‟ gain. The platform‟s commission will be 5% only, the liquidity will be derived from a common pool of brokers, and brokers themselves will integrate into the platform via the white label mechanism. This is the only platform, where as much as 95% of funds are distributed among traders who make correct assumptions.
~What are the Benefits of BETEX
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.
~How can BETEX Be Profitable?
Being transparent and provably fair, Betex is creating a win-win solution for traders and brokers. Traders can constantly earn by correctly indicating the short- or medium-term trend in the price change of the asset. The size of the trader’s reward is limited only by the volume of the general pool of rates and the ratio of the number of bets to each of the outcomes.
Brokers receive a 2% commission of the total amount of their users’ bets. The larger the turnover, the more earnings a broker gets. Thereby, the white label mechanism provided by Betex allows to quickly set up the platform under their own name, as well as get technical support.
The last but not least, investors in Betex can also profit from the exchange through participation in its ICO.
~BETEX Token Sale Details
To raise funds for the platform’s development and promotion, Betex is holding an ICO campaign and selling BETEX tokens. 2.5% of the platform’s turnover will be distributed among the BETEX tokens holders, according to their investments.
Betex pre-sale is held in 2 rounds, one of which is already live. Tokens will be issued in accordance with SAFT agreement after the pre-sale, once they are generated and registered. The details of the pre-sale can be viewed below:
Start of pre-sale round 1:
04.12.17 at 14:00 GMT
End of pre-sale round 1:
08.01.18 at 14:00 GMT or 500,000 of BETEX tokens are sold out
Pre-sale round 1 BETEX token price:
Pre-sale round 1 hard cap:
Min purchase amount:
Start of pre-sale round 2:
End of pre-sale round 2:
Pre-sale round 2 BETEX token price:
Max amount of tokens to be sold:
Pre-sale round 2 hard cap:
Min purchase amount:
More on the BETEX Platform:
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By: 5pandawa
Profile: https://bitcointalk.org/index.php?action=profile;u=1868645
