BETEX Blockchain Based Technology

If you've ever tried to get into the binary market you know you can win, but also lose a lot of money. You also know that the binary market currently has a fairly high commission rate and is often not transparent.

Again, using new technologies such as blockchain and cryptocurrency this system can be improved and improved. The team behind BETEX has found the idea to set up a peer-to-peer binary market based on blockchain where users can bet one against another without the need for an intermediary. This in turn makes the whole platform safer, fairer and cheaper, because BETEX will only take a 5% commission rate for payments. 2.5% of it will go to the token holder, the more I will talk about later, 2% will go to the broker, and the rest will go towards further development and backup.

Binary options provide an interesting way of trading. In essence, it offers an investment approach without investment. Investors will bet on the results basically any event, whose results will determine whether they win or lose.

As with any type of traditional investment, there is always room for fraud. There are also third-party intermediary issues and large transaction costs associated with it. Blockchain technology solves both problems - a fact that betex knows.

The Betex platform, using blockchain technology to offer transparent peer-to-peer derivative trading. This basically means that users will be able to bet on these future results without the use of brokers or intermediaries. Because of the blockchain, users will be able to access real-time data, which generates Betex which offers high levels of transparency and data accuracy to its members. The benefits of blockchain are crucial to ensuring that the platform achieves its goal of revolutionizing binary trading thoroughly. With Betex, traders will place bets on each other and never fight against platform providers or other intermediaries

With traditional trading, companies and brokers can manipulate the system resulting in high losses for investors. With Betex, the platform itself can not bet and receive revenue from service fees that apply to its users. Users will also save money because the platform does not require any form of deposit before members start betting. Another benefit of blockchain-based platforms is the use of smart contracts to facilitate direct payments of user ETH wallets without delay.

Similarly, brokers in the Betex platform stand to gain the same benefits by upgrading their capabilities to new technology platforms. Those connected to the platform are eligible to receive a 2% commission on all bets. As the turnover increases, their income also increases proportionally.

This platform will use 2 tokens. One token, called Stable Betting Token (SBT), will be used to bet on the system, payment to winners and brokers. This will have a fixed value of $ 1. The other tokens are BETEX tokens. BETEX is the main token in the system. 50% of platform commission revenue is distributed among holders of BETEX tokens at ET. BETEX is issued once in the amount of 10,000,000 tokens. After that, the amount remains constant.

Unlike trading traditional binary options, Betex users place bets on each other. This means that most money (95%) remains with traders making correct predictions, combined with the use of this smart contract ensuring that the platform is as fair and transparent as it is.

What is Stable Betting Token and Betex MVP?
Betex will use SBT (Stable Betting Token) as a medium of exchange on the platform because it will be used for bets and payments. However, the Betex token is the primary token. It has security characteristics, and will therefore be registered with the SEC and other regulatory authorities.

Betex works on an innovative business model, where most of the funds, as much as 95%, are distributed among successful merchants. In addition, the remaining 2.5% 5% will be distributed among platform holders token.

The platform also creates a pool of shared liquidity for each asset. This will maximize the benefits users receive. Betex already has a MVP created to provide a better understanding of the concept of common liquidity pools implemented within the platform. Both versions are available in GoBet.io and Betex.io. At the MVP stage, this platform supports 3 trading pairs and 6 trading intervals.

Sales of Token Betex
This platform has chosen to pre-sale staged, with the first phase starting on 4 December 2017 ending on January 8, 2018. This phase has the availability of a maximum token of 500,000, and a hard cap of $ 1 million.

The second phase is scheduled on January 10, 2018, and will run until January 31, or until the total availability of 1,500,000 tokens is sold. The hard part for this phase is $ 3.75 million.

It is important to note that only qualified investors, anyone who has completed the KYC / AML process, will be able to contribute to pre-sales.

As many as 20% of tokens will be sold during pre-sale, with 40% sold on main token sales. The founder team and Betex team will receive 30%, 8% will go in reserve and the remaining 2% has been allocated for the gift.

Betex is just another example of the disruptive benefits of technology. By completely revolutionizing the traditional binary option trading method, this platform will be able to give its users more, not only in terms of monetary, but also transparency and trust. In addition, this is the only platform, where as many as 95% of the funds are distributed among merchants, which works.

BETEX has developed web-based applications, and smartphone and desktop applications are being developed. It should also be noted that the project has raised $ 1,000,000 during the pre-ICO phase meaning that it is a strong project with great support.
All in all this sounds like a very interesting project that can really revolutionize the binary trading market and make it completely transparent and fair for all!

If BETEX catches your attention, you should know all the ways to participate in this project.

BETEX has started their own bounty campaign in January 2018. By participating in a bounty campaign, you can help project creators by attracting other potential investors through marketing and promotional activities.
The Bounty campaign consists of: Signature Campaign, Social Media Campaign, Translation Campaign and more. Terms and conditions and other important information about this campaign, you can find on the BETEX campaign web page: https://bitcointalk.org/index.php?topic=2961780.0

ICO DETAILS

Starting from ICO:

01.03.18 at 12:00 GMT
End of ICO:

31.03.18 or 3,000,000 BETEX tokens were sold out
ICO BETEX token price:

$ 3.00
Maximum number of tokens to sell:

3,000,000 out of 10,000,000 (30%)
ICO hard hat:

$ 9,000
Min purchase amount:

0.5 ETH or 0.05 BTC

Here are the reviews I've presented to you all in finding information and knowing which BETEX project is currently running by their team, if there's any lack of explaining this article, do not worry, I've created links for you to get accurate information.

Hope you are interested and willing to follow this Betex project, thank you.

For more information:

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

Medium: https://medium.com/@betex

Bitcointalk (Peot) : https://bitcointalk.org/index.php?action=profile;u=1137199

ETH: 0x4870A7b246B1C2dF4e6749ac352c8f932B21304e