Betex is a leading-edge platform for P2P financial derivatives trading. It enables users to place bets on future changes against each other.
As a platform provider, we cannot engage in betting. Thus, there is no way for us to benefit from it. We only profit from collecting service fees.
Built with Blockchain technology, unlike traditional platforms, Betex provides access to real-time data, thereby, ensuring absolute transparency of its system.
Determined to reinvent financial derivatives market, we strive to instill incorruptible business logic that would conclusively eliminate the issue of trust.
Advantages of Betex platform:
Transparency: Blockchain technology will provide open access to information at all times, ensuring transparent processes, accurate data, fair and equitable requirements.
Justa Fair Charge: Whatever your bet results, we will benefit from charging a service fee.
General liquidity association: The objective is to consolidate the maximum liquidity of the derivative market by establishing a common liquidity pool for every commercial asset rather than creating multiple.
White label for brokers: This system will allow quick connections of brokers that contribute to maintaining high liquidity and ensuring a quick and low cost turnover of the platform.
No deposit: Platform users will have instant access to all of their functions and features without having to make a deposit first.
Instant Payments: Payments will be automatically launched by a smart contract directly into your ETH portfolio, ensuring immediate withdrawal without delay or cancellation.
Built-in exchange: After all operations on the system are performed on an Ethereal token with a stable SBT value, an inbuilt exchanger will be used to exchange encryption or other tokens for SBT via platform.
Reference Program: This platform will offer a unique reference 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.
Self-financing model: 0.5% of the total turnover will be used to support the platform and its development.
Scalability: The Betex platform is designed for increased load time, will not affect platform performance. This is achieved by the correct intelligent contract organization, internal architecture and hardware platform.
AWS Infrastructure: Placing the infrastructure in Amazon will provide a level of reliability, scale of hardware, and high content delivery speed to anywhere in the world.
Solutions and advantages:
*Betting results will not make a difference for the platform provider or broker, it will charge a service fee while the merchant makes a peer-to-peer.
*No deposits are required and automatic withdrawal of funds will be automatically guaranteed due to the use of smart contracts.
*Merchants that will accurately determine future changes and will be rewarded with 95% of the funds. In the case of success, the profits of the trader will depend heavily on the proportion of right and wrong results; both platform and broker will always be able to prove the authenticity of the results. In the worst case, if something goes wrong, it will be recognized or justified. So you do not need to trust each other to make sure the requirements are fair.
*Negotiations will be made with an ERC-20 token of a stable value. These will be stored and presented in the Ethereal block, allowing audits of platform operations in real time or later. Free access to the data will prevent intermediaries to change the results.
*50% of platform profits generated by commissions are distributed among holders of BETEX tokens. 40% goes to the broker.
*Working out of compound costs is a completely open and transparent process: it will be listed and submitted for public access in real time.
One of the main objectives of the project is to relaunch existing markets on a new technology basis by introducing and implementing an honest, transparent and comprehensive business model, and all its requirements, which dominate the market niche together. with brokers, who will be involved with the Betex platform for basic ethical principles.
*Business model*
*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.
*Betex is the only platform, where as much as 95% of funds are distributed among traders, who succeed.
*Besides, we are forming a large common pool of liquidity for each underlying asset in order to maximize users’ gain.
*Powered by Ethereum smart contracts, Betex brings undisputable transparency, fair conduct and auditable results to Binary Options trading.
Stable Betting Token (SBT) is a token with a stable value of $ 1.00. These tokens will be used to bet on the system, payouts to winners, brokers, BETEX chip holders and own platform development funds. All operations will be arranged in Ethereal blockchain. SBT tokens will be issued automatically by smart contract with every exchange request. With reverse exchange, the token will be burned. Thus, the number of SBT tokens at any point in time will reflect the current value of funds in the system.
BETEX is the main token in the system. 50% of platform commission revenue will be distributed among holders of BETEX tokens and SBT tokens. BETEX will be issued once in the amount of 10,000,000 tokens. After that, your quantity will remain constant. Because BETEX tokens will have security characteristics, they will be registered with the SEC and other regulatory authorities within 15 days of initial distribution.
Gains received between platform launch and actual distribution of BETEX tokens will accumulate at public Ethereal addresses and will be distributed among holders of BETEX tokens for 2 weeks or less after distribution event ends. The BETEX token distribution will be planned for the second quarter of 2018. More information will be provided soon.
*Betex Token Distribution Comes in 2018*
5% Token Advance Sale Round 1
15% token presale round 2
40% token sale
2% bounty
8% reservation
30% tim founder and team (Vesting for 6 months)
*BETEX BOUNTY CAMPAIGN*
We are excited to announce the Betex Bounty campaign, a great opportunity to support project funding and earn some BETEX tokens without investing. You must complete some tasks that will be rewarded with a certain amount of tokens. The bounty started on February 16, 2018, the end will be announced in addition.
*Token allocation*
0.5% (50,000 BETEX) is reserved for the Bounty campaign. The tokens are distributed as follows:
Blogs and Video Bounty - 40% (20,000 BETEX);
Twitter Bounty - 40% (20,000 BETEX);
Telegram premium - 20% (10,000 BETEX).
Start of ICO:
01.03.18 at 12:00 GMT
End of ICO:
31.03.18 or 3,000,000 of BETEX tokens are sold out
ICO BETEX token price:
$3.00
Max amount of tokens to be sold:
3,000,000 out of 10,000,000 (30%)
ICO hard cap:
$ 9,000,000
Min purchase amount:
0.5 ETH or 0.05 BTC
Betex brings undeniable transparency, fairness and audible results to binary options trading. With Betex, traders will bet against each other and never against platform providers or other intermediaries. Unlike traditional platforms, Betex is equipped with Blockchain technology to provide access to real-time data for complete system transparency. So there is no doubt that all users will be treated equally and fairly. During the first round of investors, Betex has raised $ 1 million.
*TEAM*
further information:
Website: https://betexlab.com/
White paper: https://betexlab.com/betex-wp.pdf
Twitter: https://twitter.com/betex_tokens
Telegram: https://t.me/betex_ico
Author (iyanfoursix46): https://bitcointalk.org/index.php?action=profile;u=1061980
My Eth: 0x5ad1153dC8678080f34e0b823d44eC357d403197
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