Betex - Platform for the peer-to-peer binary options supported by the Ethereum smart contract.

The people all over the world need a transparent system of operation as many others. The only option is to trust the people who are assigned the job and that is the biggest problem in the current scenario. As the people have lost trust in the brokers and the traders dealing in these investment operations. So, a platform is required for the purpose of the transparent business involving binary trading.

We need to know many ways to earn an income online. One of them is binary option trading. Without much trouble, you can earn income for the exact determination of price movements of an asset, and no need to buy it. Any trade pair consisting of quotes such as currency, indexes, precious metals, and oil can be a basic asset in binary option trading.

A binary option is an option that, depending on the fulfillment of a specified condition at a specified time, either provides a fixed amount of income (premium) or brings nothing.

In fact, it is a bet with two solutions: loss and gain. The bet can occur on different variants of events. For example, price movement in a certain direction at a certain period of time.

Since ancient times, people have been betting, it's part of each human. With the advent of blockchain, all areas of activity have the opportunity to become better and more efficient. Betex tries to do this in the options field.
Betex forms a large liquidity pool for each base asset to maximize user profits. Supported by the Ethereum smart contract, Betex brings undeniable transparency, fair behavior and auditable results to Binary Options trading.

What is Betex?

The Betex is a peer to peer platform for the financial trading. The platform is based on Ethereum smart contract technology. Moreover, Betex will include the binary options to be primarily served with all new features and transparency. Later on, more complicated and complex instruments will be added to the platform.

Betex is an innovative peer-to-peer trading platform for financial contracts that use the Ethereum smart contract. Unlike conventional binary options, Betex users bet on friends against friends. eighty-five percent of the money is distributed among currency trading participants; in addition, exchange bidders form a general pool of solvency of each underlying asset to maximize profit from the user. with the help of smart contracts Ethereum, Betex provides transparency. All operations in the system are performed in SBT ERC-20 tokens. That is equivalent to 1.00 US dollars.

In the Betex platform the users will place a bet against each other, as compared to the traditional binary options this is the only platform where most of the assumptions are correct. Besides all this, the platform is based on such features which focus more on increasing the user's gain. The platform offers the full transparency and provides fair conduct and auditable results to a binary options trading with the minimum transaction fee as compared to any other options.
Betex provides a platform for binary options, based on the technology of distributed databases or, in other words, blockchain.

The main purpose of this platform is to eliminate corruption in investments and make the trading process completely transparent. To ensure all profits in trading, BETEX, as an intermediary, will not participate in the trading process, but will only make money for platform maintenance.

What is the difference between Betex and others conventional platforms related to binary options?

In Betex, people bet against each other rather than against the broker. Thus, the possibility of earning the loss of the player by the broker is excluded. The player's winnings are not fixed and depend on the total amount of bets. Thanks to blockchain technology the whole process becomes transparent as possible and therefore excludes all sorts of machinations in relations among all participants.

It should be noted that Betex is a platform, not a broker. Brokers, as well as traders, will be participants of this platform. Brokers will earn only with successful bets. The platform, in turn, will take a Commission of 5%. 40% of this amount will be credited to brokers.

Tokens

In the system, there will be 2 tokens: BETEX and SBT.

SBT (Stable Betting Token) is a token with a stable value of $ 1.00. This token is used for bets in the system, payments to winners, brokers, BETEX token holders, as well as for the development fund of the platform itself.

BETEX, in turn, is more familiar to all ICO investors as the token used for tokenization of the company's capital, trading and bonus payments. Holders of Betex token will receive 2.5% of the total income. So the greater contribution you make, then more significant part of the commission you will receive.

The launch of the platform is planned to be carried out through the browser and mobile applications.

Rating of the company

Recently we’ve got a fairly good 4.5 rating at ICOBench, voted by some of the well-known ICO analyzers and critics on the listing.

The company has already successfully finished 2 rounds of token pre-sale. At the moment, more than 4 million dollars have been collected. Betex is planning a listing in April, and the platform will be launched in the same month.

ICO

Total number of issued tokens:
10,000,000 BETEX
Number of tokens for sale:
5,000,000 BETEX
Current state:
The first round of pre-sale:
500,000 (sold)
The second round of pre-sale:
1,500,000 (411,160 BETEX were not sold and will be distributed to all buyers)
The main sale:
3,000,000 (is underway. Unsold tokens will be distributed among all buyers)
Price of 1 token:
$3.00
Soft Cap:
$ 1 million (reached)
Hard Cap:
$ 12,7 millions
Date:
01.03.2018 - 15.04.2018
The minimum purchase amount:
0.5 ETH (KYC required)

The distribution of tokens

Symbol: BETEX
Price: $ 2.50
For Sale: 60%
Platform: Ethereum
Receive: ETH, BTC
Hard cap: $ 3,750,000

Conclusion

In the past few years, the loss which is faced by the market of binary options is needed to be compensated. Thus the platform of Betex has a great potential to uplift the market associated with the binary options with an immense variety of solutions and benefits offered to the platform's participant. Thus the platform Betex is one of the most eligible and innovative platform which could be offered to the people who are dealing with the binary options.
Betex is a new kind of binary options.

Roadmap

The Betex development strategy is aimed at an active development of the platform, continuous improvement of its features, introduction of new services, development of the ecosystem, and attraction of new users.
We currently estimate the key stages of the project development to be as follows:

2017 Q4

Launch and testing of the p2p binary options platform (MVP) in the test net
Pre-sale of BETEX tokens in accordance with SAFT or similar agreements
Audit of the platform‘s smart contracts
Web interface design of the section for p2p sports betting

2018 Q1

Addressing special regulatory/licensing requirements that may be applicable in the relevant jurisdictions
Commercial launch of Betex, the p2p binary options platform
Development of the available trading pairs list
Launch and testing of the MVP‘s section for p2p sports betting in the test net
Development and testing of the mobile app for Android/iOS
Development and testing of the desktop client application
Development of a section with statistics
Development of a personal cabinet for BETEX token holders

2018 Q2

Commercial launch of the section for p2p sports betting
Connection of the first brokers to the platform
Development of an API for trading bots
Launch of the mobile app for Android/iOS
Running the desktop client application
Generation of BETEX tokens
Distribution of BETEX tokens among pre-sale participants
Distribution of the accumulated profit among owners of BETEX tokens

2018 Q3

Compliance with regulatory/licensing requirements that may be applicable in the relevant jurisdictions to the main stage of BETEX token sale
The main stage of BETEX token sale
Development and connection of the FIX API
Development of the section for p2p betting on irregular events

2018 Q4