Betex – a revolutionary platform for the exchange market
Problems of the financial market grow along with its development. Primarily, it concerns binary options trade market.
At first sight, it is just traders making bets that can win or lose. These are common risks that everyone understands and accepts. However, it is not like that. The team of the new start-up called Betex has made a rather long list of topical problems in trade of binary options.
The goal of Betex project is to create a new exchange platform that will allow to get rid of mediators when making bets, and will be totally transparent for all parties. As developers think, this will increase the level of trust between traders and brokers, and will promote development of the entire market.
At first sight, it is just traders making bets that can win or lose. These are common risks that everyone understands and accepts. However, it is not like that. The team of the new start-up called Betex has made a rather long list of topical problems in trade of binary options.
The goal of Betex project is to create a new exchange platform that will allow to get rid of mediators when making bets, and will be totally transparent for all parties. As developers think, this will increase the level of trust between traders and brokers, and will promote development of the entire market.
Drawbacks of the existing system
Let us start from the beginning and see what drawbacks have been found by the Betex team:
Let us start from the beginning and see what drawbacks have been found by the Betex team:
Any financial operations are done in a broker’s back end. At the same time, traders have no opportunity to check transparency of broker’s actions.
When a trader wins a bet, he cannot collect the entire amount, only 75-90% of the overall prize.
There are honest and dishonest brokers. At the same time, it is nearly impossible to prove or refute his methods of work.
Sometimes a trader’s account can be frozen. In this case, in order to collect his money, he will have to do a purchase (often not the one he needs) to be able to restore funds withdrawal option.
Funds withdrawal is not instant. The process may take up to several weeks.
What do Betex developers offer?
Having analyzed the aforementioned drawbacks, the Betex team developed a brand new system that will help get rid of them.
When a trader wins a bet, he cannot collect the entire amount, only 75-90% of the overall prize.
There are honest and dishonest brokers. At the same time, it is nearly impossible to prove or refute his methods of work.
Sometimes a trader’s account can be frozen. In this case, in order to collect his money, he will have to do a purchase (often not the one he needs) to be able to restore funds withdrawal option.
Funds withdrawal is not instant. The process may take up to several weeks.
What do Betex developers offer?
Having analyzed the aforementioned drawbacks, the Betex team developed a brand new system that will help get rid of them.
On Betex platform, funds can be withdrawn any time with no time limits. At the same time, a fixed percent from a successful bet (95%) can be withdrawn. This is a rather generous offer compared to regular systems.
No “freezing” of the accounts. Funds can be withdrawn 24/7.
Brokers and traders can check transparency of each other’s action any time. Thus, there will be no distrust between the parties on the exchange market.
Basically, use of Betex platform will be beneficial for all the participants.
Traders get secure bets, honest brokers and convenient funds withdrawal from personal virtual wallet. Moreover, a mobile application and a desktop version of the platform are being developed for comfortable use.
Brokers will have a comprehensive technical support and consultation. Moreover, they will get 2% from all bets. This will improve their interest in increase of the turnover.
Investors get a rather solid profit of 2.5% from the entire turnover of funds. In addition to that, the cost of Betex token will be increasing with the development of the platform. These tokens can be sold to get a one-time revenue.
No “freezing” of the accounts. Funds can be withdrawn 24/7.
Brokers and traders can check transparency of each other’s action any time. Thus, there will be no distrust between the parties on the exchange market.
Basically, use of Betex platform will be beneficial for all the participants.
Traders get secure bets, honest brokers and convenient funds withdrawal from personal virtual wallet. Moreover, a mobile application and a desktop version of the platform are being developed for comfortable use.
Brokers will have a comprehensive technical support and consultation. Moreover, they will get 2% from all bets. This will improve their interest in increase of the turnover.
Investors get a rather solid profit of 2.5% from the entire turnover of funds. In addition to that, the cost of Betex token will be increasing with the development of the platform. These tokens can be sold to get a one-time revenue.
Distribution of funds in a simplified variant
All funds on Betex platform will be distributed the following way:
95%, as mentioned before, will go to traders for the winning bets;
2,5% will go to holders of Betex tokens;
2% will go to brokers;
0,3% will be redirected by the Betex team to the development of the project;
0,2% will go to the reserve fund to cover emergencies.
All funds on Betex platform will be distributed the following way:
95%, as mentioned before, will go to traders for the winning bets;
2,5% will go to holders of Betex tokens;
2% will go to brokers;
0,3% will be redirected by the Betex team to the development of the project;
0,2% will go to the reserve fund to cover emergencies.
Betex web-interface is now functional
Betex developers have created two versions of the platform’s web-interface in order to show how it works.
Full version can be found here https://betex.io. Registration is rather simple; all one has to do is enter email address:
Betex developers have created two versions of the platform’s web-interface in order to show how it works.
Full version can be found here https://betex.io. Registration is rather simple; all one has to do is enter email address:
After it, a special key will be sent to the email. It should be copied and past in the open field. Further, it will be used as a password and the email – as a login.
Actually, Intrnal Betex interface looks like this:
Actually, Intrnal Betex interface looks like this:
Graphs of increase/decrease of Bitcoin and Ethereum compared to US dollar and their correlation are shown in online mode. It functions very simply; two buttons are used: “Call” and “Put”. A bet is made in practically one click.
The other version of the platform can be found here https://gobet.io. To enter, the same key can be used as with the first version. Everything is almost the same except for the tone of the design (not dark but light).
The other version of the platform can be found here https://gobet.io. To enter, the same key can be used as with the first version. Everything is almost the same except for the tone of the design (not dark but light).
ICO
Public ICO started on March 1, 2018. Primarily, final date was scheduled for March 31; however, a decision to release more tokens and prolong investment period was made. Thus, ICO will be concluded on April 15, 2018.
A total of 10 million BETEX tokens will be released, only 5 million of which will be put up for sale.
Cost of 1 BETEX token is $3.
Maximum amount that developers intend to collect is $15.7 million. $4.1 million have already been collected. This information was shown on the official website https://betexlab.com/, as of April 11.
Public ICO started on March 1, 2018. Primarily, final date was scheduled for March 31; however, a decision to release more tokens and prolong investment period was made. Thus, ICO will be concluded on April 15, 2018.
A total of 10 million BETEX tokens will be released, only 5 million of which will be put up for sale.
Cost of 1 BETEX token is $3.
Maximum amount that developers intend to collect is $15.7 million. $4.1 million have already been collected. This information was shown on the official website https://betexlab.com/, as of April 11.
Conclusions
Drawing conclusions, it can be said that Betex project is rather perspective. This is the tool that was extremely missing on traditional market of binary options. Taking into account that the new platform will be beneficial for everyone - investors, brokers, and traders, we can expect bigger success of the project.
It should be noted that test platform has been implemented (not one but two). Thus, one can enter it to see it “from the inside” before making a final decision regarding investment.
Drawing conclusions, it can be said that Betex project is rather perspective. This is the tool that was extremely missing on traditional market of binary options. Taking into account that the new platform will be beneficial for everyone - investors, brokers, and traders, we can expect bigger success of the project.
It should be noted that test platform has been implemented (not one but two). Thus, one can enter it to see it “from the inside” before making a final decision regarding investment.
More information you can also update on :
Website : https://betexlab.com/
Whitepaper : https://betexlab.com/betex-wp.pdf
Bounty Thread : https://bitcointalk.org/index.php?topic=3199555.0
Facebook : https://www.facebook.com/Betex-Lab-108138139938618/
Twitter : https://twitter.com/betex_tokens
Medium : https://medium.com/@betex
Telegeram : https://t.me/betex_ico
Website : https://betexlab.com/
Whitepaper : https://betexlab.com/betex-wp.pdf
Bounty Thread : https://bitcointalk.org/index.php?topic=3199555.0
Facebook : https://www.facebook.com/Betex-Lab-108138139938618/
Twitter : https://twitter.com/betex_tokens
Medium : https://medium.com/@betex
Telegeram : https://t.me/betex_ico
Bitcointalk profile : ( Mulyo83 ) : https://bitcointalk.org/index.php?action=profile;u=1813751
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