Betex — A Binary options platform for everyone

https://betexlab.com/;

The world is busy working on switching to blockchain technology, as it brings so many useful features. Cryptocurrencies are being used more than ever as the new blockchain based projects are coming out every day.
Betting is among peoples exists since forever, and as the technology moves on, the bay we bet changes. The team behind https://betexlab.com/ is bringing bets on blockchain!
Betex an Ethereum based blockchain platform that will enable peer to peer bets. With the smart contracts that Ethereum brings to the game, fairness and transparency is granted, therefore there is no doubt that the agreed bed won’t be paid correctly. As it is P2P type of betting with the binary options available as well. You won’t be able to bet against ‘the house’, but only against each other. Platform fee is as low as 5% and the rest will go to whoever wins the bet. Team is also introducing their own ERC compatible BETEX tokens that will be available through the token sale.

Betex was built with a mission of bringing clear-cut transparency to the financial derivatives markets as well as creating brand new instruments that would finally put an end to obsolete shady schemes. So now we are proud to introduce our leading-edge platform for peer-to-peer binary options, powered with Ethereum smart contracts.

Binary Options is a financial derivatives instrument that requires traders to correctly indicate the price movement direction for the underlying asset at a given point of time in the future. The forecasting horizon can vary from a few minutes to several months.Thousands of brokers and traders worldwide were massively employing this instrument back then. It was greatly favored for the simplicity of concept and high chances of success.

Benefits of BETEX

Both the platform and brokers can always prove authenticity and accuracy of the results. In the worst case scenario, if a mistake is made, it will be admitted or justified. Hence, it is no longer needed to trust each other to be sure terms are fair.

Trading is realized with ERC-20 tokens of stable value. It is stored and presented in the Ethereum blockchain, making it possible to audit the platform operations in real time, or later. Open access to data prevents intermediaries from altering results;

50% of the platform’s profit made from commission is distributed among BETEX token holders. 40% goes to brokers. more benefits;

• Transparency:

Blockchain technology will provide open access to information at all times, ensuring transparent processes, accurate data, fair and equitable requirements.

• built-in exchange:

After all operations on the system are performed on the Ethereal token with a stable SBT value, the built-in exchangers will be used to exchange encryption or other tokens to the SBT via platform.

• Reference Program:

This platform will offer a unique referral program. The bonus size will be chosen by the broker and will generally be equal to 0.5%. Thus, the user can earn up to 0.5% of the turnover of the person referred to by Him.

• standalone model

0.5% of the global turnover will be used for platform support and development.

• Scalability:

The Betex platform is designed for increased load time, will not affect platform performance. This is achieved by a true intelligent contract organization, a built-in architecture and hardware platform.

• AWS Infrastructure:

Placement of infrastructure in the Amazon will provide the level of reliability, scale of hardware, the speed of delivery of content to anywhere in the world.

BETS

The betting process is a transaction of transferring tokens to the address of the Betex smart contract, indicating the type of bet and the pool ID. The bet is accepted by the system until the pool is closed.

Token Sales nad Distribution

5% Token Pre-Sale Round 1

15% Token Pre-Sale Round 2

30% Token Sale

10% Reserve for brokers (Vesting for 6 months)

8% Reserve

2%Bounty

30%Founders and team (Vesting for 6 months)

BETEX ICO

Betex token sale starts on March 1st, 2018

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

This is an example of how BETEX Platform works:

Initial data for the example:

Trading pair — BTC/USD

Time interval — 5m + 25m

The start time of the current round — 12:00

The time to stop accepting bets in the current round is 12:05

The end time of the current round is 12:30

The composite rate at the beginning of the round (Strike Rate) — $7154.5844

The composite rate at the end of the round (Outcome Rate) — $7195.2557

Trader_1: 12:01:30 $100.00 Call

Trader_2: 12:02:17 $200.00 Call

Trader_3: 12:04:10 $600.00 Put

At the end of this round, we get the following results:

Trader_1 and Trader_2 are the winners.

The total pool size before deduction of the Betex commission is $900.00.

Betex platform commission is 5%, or $45.00.

Total pool size after deduction of the Betex commission $855.00

Trader_1 will receive 855 * 100/300 = $285.00 Trader_2 will receive 855 * 200/300 = $570.00

Fore More Information: 

• Website: https://betexlab.com/;
• ANN: https://bitcointalk.org/index.php?topic=2518678
• Whitepaper: https://betexlab.com/betex-wp.pdf
• Facebook: https://www.facebook.com/Betex-Lab-108138139938618/
• Twitter: https://twitter.com/betex_tokens
• Telegram: https://t.me/betex_ico

AUTHOR: Vionaa

My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1663173