Betex Provides Clear Transparency In Financial Derivatives Market




With the increase in the world of technology and innovation, there are also major developments in finance. Further, binary options are considered as one of the financial derivatives instruments that challenge traders to move in the right direction from the moment of price to forecast assets at a given time in the future.

 When it comes to forecasting, then it varies from a few minutes to years. To receive income for the right decision on which the asset price is expected to move, traders must use the binary option rather than buying the asset. Therefore, it is easier to forecast one of two possible price options to decrease or increase. If the forecast is predicted exactly at a certain point in time and the price of an asset moves in the direction indicated, then the merchant profits.

 Betex is built with a mission of providing clear transparency in the financial derivatives market, as well as the creation of new tools that eventually end up obsolete shadow schemes. So, we are proud to offer our advanced platform for a two level tier option that works through the smartest Ethereum contract. The Binary Option is a financial derivative instrument that requires the trader to precisely indicate the direction of the price movement of the underlying asset at any given time in the future. The forecast horizon can range from a few minutes to several months.

 Interim Brigades and merchants worldwide are massively using this tool. This greatly contributes to the simplicity of concepts and the likelihood of success. The industry has experienced exponential growth in 2014, reaching more than $ 30 billion for its annual turnover.

 We are launching a revolutionary peer-to-peer platform for BETEX binary options, which significantly increases bids. We have developed a fundamentally new business model aimed at changing user thinking about platform integrity platforms to focus on their own revenue opportunities.
 With Betex, merchants will bet on one another and never fight platform vendors or other intermediaries. Built on Blockchain technology, Unlike traditional platforms, Betex will provide real-time access to data, thus ensuring absolute transparency of the system. Therefore, there is no doubt that all users are treated equally and fairly.
Solutions offered by Betex
Betex is a peer to peer platform for financial trading. The platform is based on intelligent Ethereum contract technology. In addition, Betex will include a binary option to be served primarily with all new features and transparency. Then, more complex and complex instruments will be added to the platform.
On the Betex platform, users will place bets against each other, compared to traditional binary options this is the only platform where most of the assumptions are true. In addition, the platform is based on features more focused on increasing user acquisition. The platform offers full transparency and provides fair behavior and auditable results to trade binary options with minimum transaction costs compared to other options.
Solutions and Benefits
▸ Results from bets do not change for us (as platform provider) or for brokers, because none of us can participate actively in the bidding process. We charge for services, and merchants place bets on top of each other (peer-to-peer).
▸ No deposit required, but the release of instant automatic money is guaranteed. This is mostly due to the use of smart contracts.

▸ Traders who accurately determine future changes are rewarded with 95% of the funds. In terms of success, the merchant's profit depends heavily on the ratio of the correct and wrong result.

▸ Both platform and broker can always prove the accuracy and accuracy of the results. In the worst case case, if an error is made, it will be recognized or proven. As a result, you no longer need to trust each other to make sure the conditions are fair.

▸ Trades are realized with the help of ERC-20 markers with stable values. These are stored and presented in the Ethereum block diagram, which allows you to verify platform operation in real time or later. Open data access prevents intermediaries from changing their results.

▸ 50% of platform profits earned from commissions are distributed among holders of BETEX tokens. 40% goes to the broker.

▸ The aggregate level, used in all calculations, is derived from multiple open sources using the specified algorithm, taking into account the value of each source, determined by the trading volume.
Aim
BETEX's goal is to ensure clear transparency across all financial markets, which will ultimately eliminate the issue of trust. First and foremost, we try to find binary options by pulling unsuitable business logic into everyone's value system.
In principle, you can access interactions with the Betex ecosystem, being: merchants, investors, brokers.

Betex for investors
Investors can interact with the platform through their personal dashboard where general private statistics and platform investors are stored. After the sale of the main BETEX Token (01.03.2018-31.03.2018) BETEX token holders will receive their share of the platform profits made on the commission (see section 7.3 for details).
Betex for Brokers
In the first quarter of 2018, brokers will be offered a ready-made solution that allows getting involved with the platform by the known White Label principle. In other words, it is possible to immediately apply all of our platform mechanisms and systems with the domain and the broker's own user base. In addition, Betex Lab Limited, as a platform developer, will provide consulting and technical support.

BETEX TOKEN MECHANISM
There are 2 tokens in the system: BETEX and SBT.
Stable Stake Token (SBT)
SBT (Stable Betting Token) is a token with a stable value of $ 1.00. This token is used to bet in the system, payment to winners and brokers. All operations are specified in the Ethereum blockchain. SBT tokens are published automatically by smart contracts with each exchange request. With reverse exchange, tokens are burned. Thus, the number of SBT tokens at any point in time reflects the amount of funds currently in the system.
Token Betex
BETEX is the main token in the system. 50% of platform commission revenue is distributed among holders of BETEX tokens at ETH. BETEX is issued once in the amount of 10,000,000 tokens. After that, the quantity remains constant. Two pre-sale sales of BETEX tokens under SAFT (Simple Agreement for Future Tokens) are successfully completed.
Betex token distribution

Summary of Crowdsale
BETEX token sales will be done in the first two stages and one main stage.
▸ BETEX Pre-Sale Token, Round 1 (04.12.17 - 08.01.18).
▸ BETEX Pre-Sale Token, Round 2 (10.01.18 - 18.02.18).
▸ BETEX Token Sale (01.03.2018 - 31.03.2018).
During the initial round of BETEX token sales, the token will not be transferred to the buyer. Under the SAFT (or similar) agreement, tokens will be transferred to the contributor later, once they are generated.
Sales of Token Betex
  • Starting from main token sales:
  • 01.03.18 at 16:00 GMT
  • End of main token sale:
  • 31.03.18 at 16:00 GMT or 3,000,000 BETEX tokens sold out
  • BETEX token main sale price:
  • $ 3.00
  • Max number of tokens to sell:
  • 3,000,000 out of 10,000,000 (30%)
  • Main BETEX token sale hard cap:
  • $ 9,000
  • Minimum purchase amount:
  • 0.5ETH or 0.05BTC
Conclusion
In recent years, the losses faced by the binary option market need to be compensated. As such, the Betex platform has great potential to lift the market associated with binary options with a variety of solutions and the great benefits offered to platform participants. Thus the Betex platform is one of the most qualified and innovative platforms that can be offered to people who deal with binary options.
Further information can be found through the links listed below:
ETH Address: 0x61E0694B4405755c2c9b777c50E8C45E9B769dd6

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