The Betex Ecosystem
Basically, you can access and interact with Betex ecosystem, being a trader (bettor), an investor, or a broker.
Traders can access Betex via web-based interface (as with the MVPs), or mobile and desktop apps in future.
As soon as the bets’ outcome is known, tokens of those traders, who happen to be mistaken, are distributed among traders, whose assumptions happen to be accurate. Yet, first, 5% fee is being charged for our services.
Investors will interact with the platform primarily through their user profiles, where both platform‟s general and investor’s personal statistics will be stored. Personal cabinet is under construction at the moment.
After the main BETEX Token Sale in the second half of 2018, BETEX token owners will be receiving their share of the platform’s profit made on commission. Number of tokens they own will directly define their shares of commission. Bear in mind, though, it seems likely that only qualified investors will be allowed to the token sale, since the BETEX token will be registered by regulators as a token-share.
In the first quarter of 2018, brokers will be offered a ready-to-use solution, allowing to engage with the platform by a known White Label principal. In other words, it will be possible to quickly implement all the mechanisms and systems of our platform with own domain and user base. Also, Betex Lab Limited, as a developer of the platform, will provide consultations and technical support.
Topic: [ANN] BETEX P2P Binary Options — $4,360,000 raised - page 21. (Read 28885 times)
Read an article on why you should take a closer look at blockchain-based binary options:
https://medium.com/@betex/blockchain-binary-options-why-you-should-take-a-closer-look-81bb2023d12d
The binary options market has always been controversial, non-transparent for the end users, and mostly managed by the brokers. In some countries, the binary options have even been banned.
However, many fields are experiencing a re-birth with the implementation of blockchain, and the binary options are not an exception. If you put the binary options on the blockchain and describe the functionality in a smart contract, you’ll get a truly open and transparent platform.
This is exactly the way of Betex!
https://betexlab.com/
https://medium.com/@betex/blockchain-binary-options-why-you-should-take-a-closer-look-81bb2023d12d
The binary options market has always been controversial, non-transparent for the end users, and mostly managed by the brokers. In some countries, the binary options have even been banned.
However, many fields are experiencing a re-birth with the implementation of blockchain, and the binary options are not an exception. If you put the binary options on the blockchain and describe the functionality in a smart contract, you’ll get a truly open and transparent platform.
This is exactly the way of Betex!
https://betexlab.com/
What Are The Betex Advantages Against Traditional Binary Options Platforms?
Betex business model is fundamentally different from traditional binary options.
With Betex, traders bet against each other instead of brokers. The situation when a broker gains profits when a trader losses is excluded. Brokers receive commission from gains, and the platform itself runs on service fees.
In traditional model, brokers operate independently and are not connected to each other in any way. With Betex, brokers use a common pool of liquidity with the same trading pairs.
Rewards for traders depend on the state of the liquidity pool in Betex, whereas in traditional platforms the reward in case of a win is fixed, and often is too low to guarantee platform’s profitability.
Betex also has a mechanism of distribution of parts of broker’s income amongst traders in form of sharing of 2,5% of income to all BETEX token holders in SBT tokens. In a traditional binary options platform, whole broker’s income remains with the broker.
Betex is built on Ethereum blockchain and smart contracts, thus offers a completely transparent and open process. Every trader is able to check all money flow based on an ERC-20 SBT token, which makes Betex a provably fair platform. With any other platform, whole trading process is carried out in the broker’s backend and it can’t be transparent.
Unlike any other platforms, Betex doesn’t require a minimum deposit or withdrawal amount and performs in and out operations of any amount instantly.
What also adds to the Betex transparency is that strike and outcome rates are provided by different public sources, weighted based on their trading volume. Traditional platforms usually use one liquidity provider which is often unknown.
Betex has a completely new approach to binary options and creates a new, fully open and transparent way of trading which will be equally profitable for all participants of the trading process, for the first time in the history of such financial instruments.
Read the whitepaper: https://betexlab.com/ico/betex-wp.pdf
Website: https://betexlab.com/
Betex business model is fundamentally different from traditional binary options.
With Betex, traders bet against each other instead of brokers. The situation when a broker gains profits when a trader losses is excluded. Brokers receive commission from gains, and the platform itself runs on service fees.
In traditional model, brokers operate independently and are not connected to each other in any way. With Betex, brokers use a common pool of liquidity with the same trading pairs.
Rewards for traders depend on the state of the liquidity pool in Betex, whereas in traditional platforms the reward in case of a win is fixed, and often is too low to guarantee platform’s profitability.
Betex also has a mechanism of distribution of parts of broker’s income amongst traders in form of sharing of 2,5% of income to all BETEX token holders in SBT tokens. In a traditional binary options platform, whole broker’s income remains with the broker.
Betex is built on Ethereum blockchain and smart contracts, thus offers a completely transparent and open process. Every trader is able to check all money flow based on an ERC-20 SBT token, which makes Betex a provably fair platform. With any other platform, whole trading process is carried out in the broker’s backend and it can’t be transparent.
Unlike any other platforms, Betex doesn’t require a minimum deposit or withdrawal amount and performs in and out operations of any amount instantly.
What also adds to the Betex transparency is that strike and outcome rates are provided by different public sources, weighted based on their trading volume. Traditional platforms usually use one liquidity provider which is often unknown.
Betex has a completely new approach to binary options and creates a new, fully open and transparent way of trading which will be equally profitable for all participants of the trading process, for the first time in the history of such financial instruments.
Read the whitepaper: https://betexlab.com/ico/betex-wp.pdf
Website: https://betexlab.com/
Meet us at the Dubai International Blockchain Summit!
Betex is attending and sponsoring DIBS, the largest blockchain-related gathering in the Middle East, where you will have an opportunity to test the Betex MVPs, talk to us about the project details and meet us in person.
DIBS will be held at Atlantis, The Palm Dubai on January, 8th, 2018. Tickets and further info available at https://dibs.ae/.
Betex is attending and sponsoring DIBS, the largest blockchain-related gathering in the Middle East, where you will have an opportunity to test the Betex MVPs, talk to us about the project details and meet us in person.
DIBS will be held at Atlantis, The Palm Dubai on January, 8th, 2018. Tickets and further info available at https://dibs.ae/.
We've started a Telegram chat. The easiest way to contact us and get your questions answered: https://t.me/betex_ico
On Thursday, the 7th of December, Malta hosted the Blockchain & Bitcoin Conference, showcasing lots of new projects for a big crowd of attendees and speakers.
For Betex, this conference was the first to have our project presented. All conference attendees had a chance to watch the pitch from our Co-founder and CTO Mykhailo Tiutin at the main stage. Also, the CEO and co-founder Oleg Torkhov was present there.
The project has received a warm welcome from the crowd. The special comments were attracted by its peer-2-peer functionality, omitting the flaws and drawbacks of regular binary options platforms and giving the players an ability to play against each other.
During the presentation, several attendees tried out our MVP and won successfully with their bets on bitcoin and ethereum prices.
Currently, it’s the first round of pre-sale, which is open only for qualified investors who have completed the KYC/AML.
The minimum purchase amount is 15,000 BETEX. Price for 1 BETEX token — $2.00. We accept currencies ETH, BTC.
Pay attention, that the pre-sale of the BETEX tokens will take place under the SAFT (Simple Agreement for Future Tokens) agreement.
Crowdsale will be held in Q1.2018 with the exact dates to be announced later.
You can read more information about Betex on our website: https://betexlab.com/
For Betex, this conference was the first to have our project presented. All conference attendees had a chance to watch the pitch from our Co-founder and CTO Mykhailo Tiutin at the main stage. Also, the CEO and co-founder Oleg Torkhov was present there.
The project has received a warm welcome from the crowd. The special comments were attracted by its peer-2-peer functionality, omitting the flaws and drawbacks of regular binary options platforms and giving the players an ability to play against each other.
During the presentation, several attendees tried out our MVP and won successfully with their bets on bitcoin and ethereum prices.
Currently, it’s the first round of pre-sale, which is open only for qualified investors who have completed the KYC/AML.
The minimum purchase amount is 15,000 BETEX. Price for 1 BETEX token — $2.00. We accept currencies ETH, BTC.
Pay attention, that the pre-sale of the BETEX tokens will take place under the SAFT (Simple Agreement for Future Tokens) agreement.
Crowdsale will be held in Q1.2018 with the exact dates to be announced later.
You can read more information about Betex on our website: https://betexlab.com/
Good afternoon.
I offer the services to the manager's bounty.
All details can be discussed in PM.
I offer the services to the manager's bounty.
All details can be discussed in PM.
What are the purposes of BETEX and SBT tokens?
There are 2 tokens in the system: BETEX and SBT.
SBT (Stable Betting Token) is a token with a stable value of $1.00. This token is used for betting in the system, payments to winners, brokers, holders of BETEX tokens, and for the development fund of the platform itself. All operations are fixed in the Ethereum blockchain. The SBT tokens are issued automatically by the smart contract with each exchange request.
With the reverse exchange, tokens are burned. Thus, the number of SBT tokens at each point of time reflects the current amount of funds in the system.
BETEX is the main token in the system. 50% of the platform‟s commission income is distributed among BETEX token holders in the SBT tokens. BETEX is issued once in the amount of 10,000,000 tokens. After that, its quantity remains constant.
The pre-sale of the BETEX tokens will take place in 2 rounds in November-December 2017 under the SAFT (Simple Agreement for Future Tokens) agreement. Since the BETEX token will have certain characteristics of a security, it will be registered with the SEC and other regulatory authorities within 15 days after the initial distribution.
The profit received between the launch of the platform and the actual distribution of BETEX tokens, will be accumulated on the public Ethereum address and will be distributed among BETEX token holders during 2 weeks or less, after the distribution event is over. Distribution of BETEX tokens is planned to take place in the second quarter of 2018. More information will soon be provided.
There are 2 tokens in the system: BETEX and SBT.
SBT (Stable Betting Token) is a token with a stable value of $1.00. This token is used for betting in the system, payments to winners, brokers, holders of BETEX tokens, and for the development fund of the platform itself. All operations are fixed in the Ethereum blockchain. The SBT tokens are issued automatically by the smart contract with each exchange request.
With the reverse exchange, tokens are burned. Thus, the number of SBT tokens at each point of time reflects the current amount of funds in the system.
BETEX is the main token in the system. 50% of the platform‟s commission income is distributed among BETEX token holders in the SBT tokens. BETEX is issued once in the amount of 10,000,000 tokens. After that, its quantity remains constant.
The pre-sale of the BETEX tokens will take place in 2 rounds in November-December 2017 under the SAFT (Simple Agreement for Future Tokens) agreement. Since the BETEX token will have certain characteristics of a security, it will be registered with the SEC and other regulatory authorities within 15 days after the initial distribution.
The profit received between the launch of the platform and the actual distribution of BETEX tokens, will be accumulated on the public Ethereum address and will be distributed among BETEX token holders during 2 weeks or less, after the distribution event is over. Distribution of BETEX tokens is planned to take place in the second quarter of 2018. More information will soon be provided.
We're speaking at the conference right now, if you're there — come over!
We're at the Blockchain & Bitcoin Conference Malta!
Blockchain & Bitcoin conference is a series of international events covering the latest things in the modern fintech world. We are taking part and will be happy to have a chat with all of you.
https://malta.blockchainconf.world/en
Let's meet!
Blockchain & Bitcoin conference is a series of international events covering the latest things in the modern fintech world. We are taking part and will be happy to have a chat with all of you.
https://malta.blockchainconf.world/en
Let's meet!
Bitcoin futures would be launched next week and how do this affect you? How would you be able to draw the crowd towards your platform , especially when bitcoin futures would be coming next week
Futures and binary options trading are quite different things, so there is no competition at all, and no issues with it.
you want launh coin with binary option trading broker dev
if youre binary option site is run, or launch after ico selling succes
if youre binary option site is run, or launch after ico selling succes
The binary options platform will be launched on the main network in Q1.2018, but you can already try out the MVP. Here's how:
https://medium.com/@betex/how-to-use-the-betex-mvp-2ffd30e140f3
Bitcoin futures would be launched next week and how do this affect you? How would you be able to draw the crowd towards your platform , especially when bitcoin futures would be coming next week
you want launh coin with binary option trading broker dev
if youre binary option site is run, or launch after ico selling succes
if youre binary option site is run, or launch after ico selling succes
A comprehensive guide on using our MVP:
https://medium.com/@betex/how-to-use-the-betex-mvp-2ffd30e140f3
https://medium.com/@betex/how-to-use-the-betex-mvp-2ffd30e140f3
1 BETEX = $2 prices and min purchase of amount to join in presale is 15.000 BETEX? Seriuosly?
need a lot of money is $30.000 to join in your pre-sale. Good luck your ico.
need a lot of money is $30.000 to join in your pre-sale. Good luck your ico.
These are the data for the investor-only presales. The public crowdsale will occur in 2018.
1 BETEX = $2 prices and min purchase of amount to join in presale is 15.000 BETEX? Seriuosly?
need a lot of money is $30.000 to join in your pre-sale. Good luck your ico.
need a lot of money is $30.000 to join in your pre-sale. Good luck your ico.
Hello could post the bounties of your project and campaigns.
Guide on using the Betex MVP with the Ropsten Ethereum network:
https://medium.com/@betex/how-to-use-the-betex-mvp-2ffd30e140f3
https://medium.com/@betex/how-to-use-the-betex-mvp-2ffd30e140f3
Do you have signature campaign or social campaign?
We will announce it soon!
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