***BETEX - a new innovation for a blockchain-based future***steemCreated with Sketch.

in bitcoin •  6 years ago 

! [] (Betex is built with a mission of bringing clear transparency to the financial derivatives market as well as creating new instruments that will eventually terminate outdated shady schemes so now we are proud to introduce our platform advantage to the peer-to-peer binary option, backed by contract smart Ethereum.

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.

In the following years, regulators from around the world have made rather strong statements, claiming that binary options are a hoax and that traders are reluctant to get involved. Evidently, a great concept behind Binary Options has been undermined by shady and dishonest brokers, their appetite for profit and the fact that there is infinite possibilities for them to deceive their customers.

We've got some good news for you. We are launching a revolutionary peer-to-peer platform for binary options, BETEX, which will substantially improve the way betting is done. 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.

With Betex, traders will place bets on each other and never fight against platform providers or other intermediaries. Built with Blockchain technology, unlike traditional platforms, Betex will provide access to real-time data, ensuring absolute system transparency. So there is no doubt that all users are treated equally and fairly.

Plan and Purpose
One of the fundamental tasks that are important to us is the relaunch of existing markets on the basis of new technologies through the introduction and application of honest, transparent and comprehensive business models, and all its requirements.

Dominating a niche market with brokers, which is involved with our platform based on the White Label basic principle is another important goal to be achieved. We aspire to be a major force that directly pushes the market down for binary options. We realize that there will not be a better time to start with anything because of the crazy pace of life.

We believe that our business model, however, is better than all that exists, together, clearly, is in this market. What we experience today is a change that will be highly integrated by the general market about a year or so.

Brokers who can see the upcoming transformation, are getting used to transparency at all levels of life and learning to find a 2% commission. And not because they enjoy this much but because if they can not follow, they will soon be extinct, just like Nokia or Kodak.

https://betexlab.com/;
https://bitcointalk.org/index.php?topic=2518678

Username: 5ato5hi8itcoin
Profile bitcointalk: https://bitcointalk.org/index.php?action=profile;u=905383
Eth: 0xC1FCfF14429BF6ACDD969ea2caDC58d082f513E4

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Nice post @budilontong, up voted! Cheers

Thanks for sharing the info. But need some explanation or just comparative study needed
such as How this site is different from Bitcoin Futures and Options trade platforms say for e.g.
deribit and quedex
Is there any comparative study on sites :- betex vs deribit vs quedex
if you could elaborate this it will be more useful and thanks in advance