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Monday, April 2, 2018

BETEX - The First P2P Binary Option Platform Which Is Powered by Smart Contract Launches Personal Pre-Sale

Hello all here I will review about betex project, the latest post is very interesting for us refer to, and the following discussion:

Hong Kong - Betex Lab Limited announces a mass sales campaign for its Betex project, the first transparent binary option platform. With a unique business model, the company aims to improve existing derivatives markets using smart Ethereum contracts. Only qualified investors who have completed the KYC / AML procedure will have access to Betex Token pre-sale.

Betex is an innovative peer-to-peer platform for derivative trading based on blockchain. Initially, Betex will allow trading of binary options, and add other more complicated derivatives later on. Contrary to traditional platforms, Betex users bet on each other, allowing full transparency.

Betex's business model allows minimizing risk regardless of the number of brokers and users. e liquidity pools will be guaranteed by a common pool of all brokers that will connect to the platform through a white labeling scheme and will not be able to scam either the merchants or the platform. 95% of the pool will be distributed among the winning traders, while the Betex commission will be 5% only (thus 2.5% will be transferred to the BETEX token holder).

"Our mission is to bring unprecedented transparency to the derivatives market, as well as develop new derivatives, which will not leave opportunities for existing long shady trading instruments," explains Oleg Torkhov, CEO of Betex. "All transactions will be publicly available for any checks. No one, including platform, will be able to influence the process. "

BETEX tokens will be sold in accordance with the SAFT agreement in 3 stages:
  • BETEX Pre-Sale Token Round 1 - (04.12.2017 - 20.12.17)
  • BETEX Token Pre-Sale Round 2 - (10.01.18 - 31.01.18)
  • BETEX Token Sale - (TBA, 2018)
Because BETEX has a securities feature, BETEX will be registered with the SEC and other relevant authorities. In addition, only qualified investors who have passed the KYC / AML procedures will be accepted in pre-sales. BETEX tokens will be distributed to holders after the sale of the general token to be held in 2018 and announced later.

"We aim to attract funding of $ 4,750,000. the budget will cover 1 year of active development and project promotion, "adds Torkhov.

This MVP platform is already available on two websites - https://Betex.io and https://GoBet.io - which allow to demonstrate the advantages of the general liquidity pool concept. Commercial launches are planned after the test is successful.

For more information :

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