BETEX - Platform of peer-to-peer binary options

Hello to all the community, this time I want to introduce a project that is Betex project Supported by smart contract of Ethereum Platform of peer-to-peer binary option.

Betex is a leading platform for P2P financial derivatives trading. This allows users to place bets on future changes against each other.

As a platform provider, we can not engage in bets. Thus, there is no way for us to benefit from it. We only benefit from collecting service fees.

Built with Blockchain technology, unlike traditional platforms, Betex provides access to real-time data, thereby ensuring absolute transparency of the system.

Determined to rediscover the financial derivatives market, we strive to instill unfinished business logic that will conclusively eliminate the issue of trust.

With Betex, merchants will place bets against each other and never fight against platform providers or other intermediaries. Built with Blockchain technology, unlike traditional platforms, Betex will provide access to real-time data, thus ensuring absolute transparency of the system. So there is no doubt that all users are treated equally and fairly.

Users will form a large pool of liquidity for each base asset to maximize user acquisition. Platform commissions will be 5% only, liquidity will come from a collection of common brokers, and the broker itself will integrate into the platform through a white label mechanism. This is the only platform, where as much as 95% of the funds are distributed among merchants who make the correct assumptions.

Mission

BETEX is a mission to bring clear transparency to all financial markets and, which can conclusively eliminate the issue of trust.

First and foremost, we strive to rediscover binary options through instilling unfinished business logic into everyone's value system.

Betex model: solutions and benefits

▸ The result of the bet is not

differences to us (as platform providers), or to brokers, because neither of us can actively take part in the betting process. We charge a service fee, while merchants place bets against each other (peer-to-peer).

▸ No deposit required and instant automatic withdrawal of funds is guaranteed. This is especially possible because of the use of smart contracts.

▸ Traders who accurately determine future changes are rewarded with 95% of the funds. In terms of success, trader profits depend heavily on the ratio of right and wrong results;

▸ Both platform and

the broker can always prove the authenticity and accuracy of the results. In the worst case scenario, if an error is made, it will be accepted or justified.Therefore, no longer need to trust each other to ensure that the provision is fair.

▸ Trades are realized with an ERC-20 token of a stable value. These are stored and presented in the Ethereum blockchain, making it possible to audit platform operations in real time, or later.

Open access to data prevents intermediaries from changing results;

▸ 50% of platform profits made from commissions are distributed among holders of BETEX tokens. 40% goes to the broker.

▸ The composite level, used in all calculations, comes from multiple open sources by an established algorithm, taking into account the value of each source determined by the trading volume. Using multiple sources to trap possible manipulations with the underlying asset level,

because they have to be done in several places simultaneously.

Working from a combined level is a completely open and transparent process that is being recorded and presented for real-time public access.

BETEX ECOSYSTEM

Basically, you can access and interact with Betex ecosystem, being a:

• Trader
• Investors
• Broker

Betex for investors
Investors can interact with the platform through their personal dashboard where both platform's general and investor's personal statistics will be stored.
After the main BETEX Token Sale (01.03.2018-31.03.2018) BETEX token holders will receive their share of the platform's profit made on commission (see section 7.3 for details). Number of tokens they own will define their share of the aggregate amount of distribution made to token holders.

BETEX TOKEN MECHANISM
There are 2 tokens in the system: BETEX and SBT.

- Stable Stake Token (SBT)

SBT (Stable Betting Token) is a token with a stable value of $ 1.00. This token is used to bet in the system, payment to winners and brokers. All operations are specified in the Ethereum blockchain. SBT tokens are published automatically by smart contracts with each exchange request.
With reverse exchange, tokens are burned. Thus, the number of SBT tokens at any point in time reflects the amount of funds currently in the system.

- Betex Token

BETEX is the main token in the system. 50% of platform commission revenue is distributed among holders of BETEX tokens at ETH. BETEX is issued once in the amount of 10,000,000 tokens. After that, the quantity remains constant.
Two pre-sale sales of BETEX tokens under SAFT (Simple Agreement for Future Tokens) are successfully completed.

Benefits received between platform launch and actual distribution of BETEX tokens, will be accumulated at public Ethereum addresses and will be distributed among holders of BETEX tokens for 2 weeks or less, after the distribution event is completed. The BETEX token distribution is planned to take place in April 2018.

Betex ICO
Starting from ICO:
01.03.18 at 12:00 GMT

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

ICO BETEX token price:
$ 3.00

Max number of tokens to sell:
3,000,000 out of 10,000,000 (30%)

ICO hard hat:
$ 9,000

Minimum purchase amount:
0.5 ETH or 0.05 BTC

Roadmap

2017 Q4
╶ Launch and testing of the P2P binary platform platform (MVP) on net test;
╶ Pre-sale of BETEX tokens in accordance with SAFT or similar agreements;
╶ Smart platform contract audit;
╶ Web interface design from sections for p2p sports betting;

2018 Q1
╶ Address any special regulatory / licensing requirements that may apply in the relevant jurisdiction;
╶ Commercial launch of Betex, p2p binary platform platform;
╶ Development of available trade partner lists;
╶ Launch and test the MVP section for P2P sports betting on the net test;
╶ Mobile app development and testing for Android / iOS;
╶ Development and testing of desktop client applications;
╶ Development of sections with statistics;
╶ Development of a private cabinet for holders of BETEX tokens.

2018 Q2
╶ Commercial launch of parts for p2p sports betting;
╶ First broker connection to the platform;
╶ API development for trade bots;
╶ Launch of mobile app for Android / iOS;
╶ Run the desktop client application;
╶ Generation of BETEX tokens;
╶ Distribution of BETEX tokens among pre-sale participants;
╶ Distribution of profit accumulated among BETEX token owners;

2018 Q3
╶ Compliance with regulatory / licensing requirements that may apply in related jurisdictions to the main stage of BETEX token sales;
╶ The main stage of BETEX token sales;
╶ FIX API development and development;
╶ Development of parts for p2p bets on irregular occurrences;


2018 Q4
╶ Network scale and / or transfer to more efficient blockchain;
╶ Launch section for p2p bets on irregular events;

2019 Q1
╶ Global market expansion & adaptation;

╶ Project break even.

TEAM

MORE INFORMATION :

Website: HTTPS: //BETEXLAB.COM/
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
Bitcointalk: https://bitcointalk.org/index.php?topic=2518678


AUTHOR :DEMOLTION
PROFIL :https://bitcointalk.org/index.php?action=profile;u=1785646