crypto: BETEX Peer-to-peer binary options platform

Betex is a leading-edge platform for P2P financial derivatives trading. Betex brings indisputable transparency, fair conduct, and audible results to the binary options trading. With Betex, traders will be placing bets against each other and never against platform providers or any other intermediaries. Built with Blockchain technology, unlike traditional platforms, Betex will provide access to real-time data, thereby, ensuring absolute transparency of its system.

Binary options is a financial derivatives instrument that challenges traders to foresee the right direction of the price movement for an underlying asset at a given point of time in the future. Forecasting horizon varies from a few minutes up to several months.

Betex mission is to bring clear-cut transparency to all financial markets and, that can conclusively eliminate the issue of trust. First and foremost, though, we strive to reinvent binary options through instilling incorruptible business logic into everybody‘s value system.

Advantages

Transparency: Blockchain technology provides open access to information at all times, thereby, ensuring fully transparent process, accurate data, fair and equal terms.
Provable fairness: Since we are not betting, there is no reason for us to manipulate results. Whatever is the outcome of your bet, we profit from collecting service fees.
Common pool of liquidity: The goal is to consolidate maximum liquidity from the derivative markets through forming one common pool of liquidity for each trading asset, instead of creating multiple tiny ones.
White label for brokers: This system allows quick connection of the brokers who contribute to maintaining high liquidity and ensure the increase in the turnover of the platform in a short time and at low costs.
No deposits: Platform users get instant access to all of its functions and features without having to make any kind of deposits first.
Instant payouts: Payments are automatically released by smart contracts straight to your ETH wallet, ensuring immediate withdrawals without delays or cancellations.
Built-in exchange: Since all operations in the system are carried out in an Ethereum-token with a stable SBT value, a built-in exchanger is used for exchange of other cryptocurrencies and tokens to the SBT and back on the platform.
Referral program: The platforms offers a single-level referral program. The bonus size is chosen by the broker and usually equals 0.5%. Thus, user can get up to 0.5% from the turnover of the person referred by him.
Self-financed model: 0.5% from the overall turnover is used for the platform‘s support and its development.
Scalability: Betex platform is designed in such a way that, when the load increases, it does not affect the performance of the platform. This is achieved by the correct organization of the smart contracts, internal architecture and hardware platform.
AWS infrastructure: The infrastructure placement on Amazon provides a high level of reliability, hardware scaling, speed of delivery of content to anywhere in the world and ultimately forms a positive user experience

ICO

Start of ICO: 01.03.18 at 12:00 GMT
End of ICO: 31.03.18 or 3,000,000 of BETEX tokens are sold out
ICO BETEX token price: $3.00
Max amount of tokens to be sold: 3,000,000 out of 10,000,000 (30%)
ICO hard cap: $ 9,000,000
Min purchase amount: 0.5 ETH or 0.05 BTC

Business model

We designed a radically new business model to shift user mindset from worrying about the integrity of platform providers to focusing on own capacity to make profit.

Betex is the only platform, where as much as 95% of funds are distributed among traders, who succeed.

Besides, we are forming a large common pool of liquidity for each underlying asset in order to maximize users’ gain.

Powered by Ethereum smart contracts, Betex brings undisputable transparency, fair conduct and auditable results to Binary Options trading.

Token Distribution

Token Sale - 30%
Pendiri & Tim - 30%
Token Pra-penjualan Putaran 2 - 15%
Cadangan untuk broker - 10%
Reservasi - 8%
Token Pra-penjualan Roun 1 - 5%
Bounty - 2%

Usage

Platform Development - 40%
Marketing - 15%
Legal support - 15%
Operational cost - 15%
Reserve - 10%
Research - 5%

Roadmap
+ Q1 2018
Get a license for betting
The commercial launch of the Betex p2p binary platform option
Development of a list of available trade pairs
Launches and tests the MVP platform section for p2p sports betting in the test nets.

+ Q2 2018
Commercial launch of platform section for p2p sports betting
Connect to the first broker platform
Development of API for bot trading
Launch of the platform mobile app for Android / iOS
Run a desktop platform desktop app.

+ Q3 2018
BETEX token registration in SEC
Carry out the main stage of BETEX token sales
Develop and connect to the FIX API
Development of platform parts for p2p bets on irregular events.

+ Q4 2018
Scaling the network and / or moving to a more productive block
Launch platform part for p2p bets on non-regular events.

+ Q1 2019
Global Market Extension and Adaptation
Project Breakthrough.

TIM