BETEX- Platform To Focus On Its Own Capacity To Generate Profits.

Powered by Ethereum smart contracts, Betex brings indisputable transparency, fair conduct, and audible results to the binary options trading.

Betex is a platform for peer-to-peer binary options that is powered by Ethereum smart contracts. Binary options are a type of options that are based on a yes or no proposition. In other words. You have two options. When you trade binary options, you have to predict the direction of the price’s movement for a given asset at a specific point in time. This form of trading is considered easier than Forex trading because you do not have to predict the magnitude of the price change; you only have to predict whether the price will move up or down. Binary options trading started out as a great concept. The model reduced the risk associated with Forex trading because the chances of being wrong are lower. Binary options reached the height of its popularity a few years back, but lost some of its momentum lately. Let’s look into the Betex ICO review.

Binary options have come under fire in the past, mainly because of shady brokers who have deceived their users and cheated them out of their money. Scams came in many different forms, from dishonest brokers to rigged robots to falsified reviews. Whether it is the broker that is shady or the trading system that is shady, traditional trading platforms make it difficult to figure out who you can trust. This situation had a detrimental effect on the popularity of binary options. The Betex platform directly addresses the problems that led to the decline of binary options. Betex recognized that this was the right time and place for a change. Their goal is to usher in a new era of binary options trading, defined by new standards for transparency. The result is a truly revolutionary peer-to-peer platform with unparalleled fairness and integrity.

Betex ICO Review

Traders will always place bets against one another. This is what makes it a peer-to-peer system. The traders will never place bets against platform providers or middlemen. The traditional model is inherently flawed. If traders are betting against brokers, it is in the best interest of the broker for the trader to fail. This means as a trader, you have to trust that the broker has integrity. History proves this is not a safe assumption traders can make. Because Betex is built with blockchain technology, the platform offers more transparency than traditional trading platforms. They do this by providing users with access to real-time data and by keeping third parties out of the direct trading process. Traders are all on the same playing field. With traditional trading platforms, the trading process takes place behind closed doors, so it is not transparent at all. Betex’s transparent, decentralized approach ensures more fairness in the betting process.

Another major difference is that the platform only takes a 5% commission of the total amount of bets made. Users form one common pool of brokers, in which the liquidity is derived. This setup is unique, as this is the only platform where as much as 95% of total funds are distributed across the pool of traders who make correct predictions. The commission is the same no matter what the outcome of the bet is. Therefore, Betex has no incentive to manipulate the outcome of the bets. This gives the system provable fairness. In addition, trades are stored in the Ethereum blockchain, and can therefore be audited in real time. This makes it harder for third parties to alter the result, which in turn, also helps create a fairer trading environment.

Traditional trading platforms typically involve the hassle of making deposits and withdrawals, which both take time. The Betex platform does not require any deposits, and thanks to its use of smart contracts, withdrawals can be made instantly. This makes the process more convenient than other trading platforms. You receive immediate payouts. The payouts are automatically released by the smart contracts and go directly into your Ether wallet.

Betex Token

There are two tokens in the system. The main token is BETEX. The second token is a Stable Betting Token (SBT), which holds a stable value of $1.00. The SBT is used in the betting process and in payouts to winners. BETEX token is used for profit’s distribution — 100% of the platform’s profit is being distributed among BETEX token holders.

General

• Website:Visit
• White paper:Read
• Pre-sale Time:04 Dec 2017–31 Jan 2018
• Country:Hong Kong

Token info

• Ticker:BETEX
• Platform:Ethereum
• Token Type:ERC20
• Available for sale:2,000,000 BETEX

Financial

• Price:1 BETEX = 2–2.50 USD
• Accepting:ETH
• Hard cap:4,750,000 USD

Betex Interface

The Betex team created an interface that is clean and easy to use. Users will be able to access the trading platform via a web-based interface. However, a mobile and a desktop application are both in development. The process looks like this:

A trader selects an asset to bet on. Then, they choose among six intervals of time. They then choose an amount to bet. Lastly, they choose a direction (call or put). The process is quick and simple.

The interface is organized into blocks. The header block tells you your balance. The asset block shows a list of available trading pairs. The composite rate block shows you the trade volume of the asset you chose on the major exchanges. Other blocks on the interface will show you the historical changes of your asset’s composite rate and the strike rate. Two other blocks will let you select your time interval and input your bet amount.

Betex Token Sale

An important thing to note is that you have to pass KYC procedure to be able to buy tokens. Also token sale is available for Americans — only qualified American investors can purchase BETEX.

The BETEX token sale will occur over three stages.

• BETEX Token Pre-Sale, Round 1 (04.12.17–08.01.18) — Completed
• BETEX Token Pre-Sale, Round 2 (10.01.18–18.02.18) — Completed
• BETEX Token Sale (01.03.2018–31.03.2018) — Live!

RoadMap

Quarter 4, 2017

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

Quarter 1, 2018

• Obtaining a license for betting;
• 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;

Quarter 2, 2018

• 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;

Quarter 3, 2018

• Registration of the BETEX token in the SEC;
• The main stage of BETEX token sale;
• Development and connection of the FIX API;
• Development of the section for p2p betting on irregular events;

Quarter 4, 2018

• Network scaling and/or transfer to a more efficient blockchain;
• Launch of the section for p2p betting on irregular events;

Quarter 1, 2019

• Global market expansion & adaptation;
• Project’s break even.

To Know More About BETEX Can Visit The Link Below :

Website | Whitepaper | Twitter | Facebook | Medium | Bitcointalk | Telegram

My Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1813088