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Friday, March 16, 2018

BETEX - Platform For The Peer-To-Peer Binary Option Supported by Ethereum Smart Contract



Betex is a platform for the peer-to-peer binary options supported by the Ethereum smart contract. Binary options are a type of choice based on a yes or no proposition. In other words. You have two choices. When you trade a binary option, you should predict the direction of price movements for a particular asset at a given point in time. This form of trading is considered easier than trading Forex because you do not have to forecast the magnitude of price changes; You just have to predict whether the price will move up or down. Binary option trading started out as a nice concept. This model reduces the risks associated with Forex trading because of the possibility of lower errors. Binary options peaked in popularity a few years ago, but lost some of its momentum lately.


Binary options have come under fire in the past, mainly because of shady brokers who have tricked their users and cheated them out of their money. Fraud comes in various forms, from dishonest brokers to fake robots to fake reviews. Whether it's a shady broker or a shady trading system, traditional trading platforms make it difficult to find out who you can trust. This situation has an adverse effect on the popularity of binary options. The BETEX Platform directly addresses issues that cause drop in binary options. Betex realized that this is the time and place for a change. Their goal is to usher in a new era of binary options trading, defined by the new standards for transparency. The result is a truly revolutionary peer-to-peer platform with unparalleled fairness and integrity.

How is Betex Different?
Merchants will always quarrel with each other. This is what makes it a peer-to-peer system. Merchants will never place bets against platform providers or intermediaries. The traditional model is deformed inherently. If the trader is betting on the broker, it is in the broker's behalf for the trader to fail. This means as a trader, you must believe that the broker has integrity. History proves this is not an assumption a trader can safely make. Because Betex is built with blockchain technology, this platform offers more transparency than traditional trading platforms. They do this by giving users access to real-time data and by keeping the third party from conducting direct trading. Merchants are on the same playing field. With traditional trading platforms, the trading process takes place behind closed doors, so it is not transparent at all. Betex's transparent and decentralized approach ensures more justice in the betting process.


Another major difference is that the platform only takes 5% commission on the number of bets made. Users form one pool of the same broker, where liquidity is lowered. This arrangement is unique, as it is the only platform where as many as 95% of the total funds are distributed to all traders who make the correct predictions. The commission is the same no matter what the outcome of the bet is. Therefore, Betex does not have an incentive to manipulate the bet. This provides a verifiable system of justice. In addition, trading is stored in the Etereum Block, and therefore audited in real time. This makes it more difficult for third parties to change the outcome, which in turn, also helps create a fairer trade environment.

Traditional trading platforms usually involve the hassle of making deposits and withdrawals, both of which take time. The BETEX Platform does not require any deposits, and thanks to the use of smart contracts, withdrawals can be made instantly. This makes this process easier than other trading platforms. You receive a direct payment. Payments are automatically released by smart contract and go straight into your Ether wallet.

Token Betex


There are two tokens in the system. The main Token is BETEX. The second token is Stable Betting Token (SBT), which has a stable value of $ 1.00. SBT is used in the betting process and payment to the winner. BETEX tokens are used for profit distribution - 100% of platform advantages are distributed among holders of BETEX tokens.

Betex interface
The Betex team creates a clean and easy-to-use interface. Users will be able to access the trading platform via a web-based interface. However, mobile and desktop applications are both under development. The process looks like this:


A trader chooses the assets to be targeted. Then, they choose between six time intervals. They then choose the amount to bet on. Lastly, they choose the direction (call or put). The process is quick and simple.

The interface is set to block. The header block tells you your balance. The asset block shows the list of available trading pairs. The combined level blocks show the trading volume of the assets you select on the main exchange. Other blocks on the interface will show a historical change in your composite asset level and strike rate. The other two blocks will let you choose the time interval and enter your bet amount.

Test it now GoBet.io or Betex.io

Buy Betex
The important thing to note is that you must pass the KYC procedure to be able to buy tokens. Also token sales are available to Americans - only qualified American investors can buy BETEX.

The BETEX Token sales will occur for three stages.

  1. BETEX Pre-Sale Token, Round 1 (04.12.17 - 08.01.18) - Done
  2. BETEX Pre-Sale Token, Round 2 (10.01.18 - 18.02.18) - Done
  3. BETEX Token Sale (01.03.2018 - 31.03.2018) - Live!

The token price for the pre-sale first round is $ 2.00. The token price for round two is $ 2.50. They have just entered their final stage. For the main sale, the price is $ 3.00. A maximum of 3,000,000 tokens will be sold. Minimum purchase amount is 0.5 ETH or 0.05 BTC.

Broker


The main role of the broker is to attract users to the Betex platform. The company has decided to use the White Label system. The White Label approach is when a company produces a service or a fully operational product, but different companies sell it. Using the White Label System, Betex will be able to quickly attract a large number of users to its platform.

Event
Last December, the team attended the Blockchain & Bitcoin Conference in Malta, where IT specialists, government officials, investors, lawyers, and more gathered to discuss issues such as the upcoming ICO, fintech trends, blockchain technological advances, and legislatures. regulations. About 400 people took part in the event. Developments in blockchain solutions and blockchain legislative legislation are the two most discussed topics in the event.

The Betex team attended the Dubai International Blockchain Summit in January where tech enthusiasts from around the world gathered to explore the widespread utility of blockchain technology. The conference also explores innovative technologies that demonstrate solutions to diverse areas such as health care, finance, exchange, and supply chains. The experience gives the team a priceless networking opportunity.

Media Appearance
Betex has appeared in various media publications. CCN reports the announcement of Betex's new platform, providing details on the benefits their peer-to-peer platform can take through traditional trading platforms, as well as details on ongoing coin sales. Bitcoin.com publishes an overview of the Betex binary option platform, which addresses the company's goals for their new platform. NEWS BTC publishes an account of how Betex will create new ways to trade binary options.


Looking ahead
The BETEX Platform should bring new life into the binary field of trading options. They have painstakingly developed a system based on transparency, honesty, and fairness. Thus, their users will now have a secure way to exchange binary options without having to worry about deceptive methods and deceptive trading methods.


The BETEXtim is committed to continuously developing and improving their platforms as a way to ensure quality for its users and as a way to attract new users. During the first quarter of 2018, the company will undergo testing on mobile device apps for Android and iOS. They will also test their desktop applications. In the second quarter, they will work on developing an application programming interface for bot trading. During this quarter, tokens will be distributed and mobile and desktop apps will launch. In early 2019, the company plans to expand its global market. Betex aims to become a new global leader in binary options trading. This is a good time for a new system of binary options trading to participate that enables innovative trading methods to realize the promise it showed when it first appeared on the scene.

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