boyambon07: BETEX - BRINGS CLEAR TRANSPARENCIES TO DERIVATIVES FINANCIAL MARKETS

https://betexlab.com/

What Is BETEX

Betex is a leading platform for P2P financial derivatives trading. This allows users to place bets on future changes with each other. As a platform provider, we can not engage in betting. Built with Blockchain technology, unlike traditional platforms, Betex provides access to real-time data, ensuring absolute system transparency. Determined to rediscover the financial derivatives market, we strive to instill unreliable business logic that will convincingly eliminate the issue of trust.

Backed by the Ethereum smart contract, Betex brings undeniable transparency, traders will bet on one another and never fight platform providers or other intermediaries. Built with Blockchain technology, unlike traditional platforms, Betex will provide access to real-time data, ensuring absolute system transparency.

Users will form a large shared liquidity pool for each base asset in order to maximize user profitability. Platform Commission is only 5%, liquidity will come from the same merger broker, and the broker itself will integrate into the platform through white label mechanism. Where as much as 95% of funds are distributed among traders who make the correct assumptions. 2.5% ( half of the 5% platform commission ) of the total turnover of the platform will be distributed among holders of BETEX tokens, according to the number of tokens they have.

Business plan summary

Betex is built with a mission of bringing clear transparency to the financial derivatives market as well as creating new instruments that will eventually end up wearing outdated schemes. So now we are proud to introduce our cutting edge platform for the peer-to-peer binary option, backed by a smart Ethereum contract.

Binary Options is a financial derivative instrument that requires traders to correctly indicate the direction of price movements for underlying assets at any given point in time. Estimates of horizons can vary from several minutes to several months.

Problems and disadvantages

We have analyzed traditional binary option models to gain a better understanding of all the reasons, causing unfavorable attitudes toward binary options and leading a great idea to break down.

Traders are betting against brokers. So losing trader is a broker advantage. Hence, the reason brokers ensure most traders fail. There is a general belief that 90% of merchant funds eventually end up in a broker pocket.
In general, the trader's rewards, if he is right, stay independent of other factors, which means, sometimes you should have way more than you should. Maximum available ever varies from 75% to 90% of the rate.
The trading process takes place in the backend broker, so it is not transparent. Such a system allows the manipulation of data in a way that makes it difficult for anyone to know the process has changed.
Sometimes, it is necessary to make a deposit to start trading, what takes time. Withdrawal takes more time. If funds freeze, the user must order or buy something in order to make a withdrawal.
Quotes are often obtained from providers in a corrupt manner. And even then, it does not guarantee the accuracy and validity of the data provided.
Even if the broker treats you correctly, it is impossible to prove, making trust is an important factor in the decision-making process.

Solutions and Benefits

Bets do not make a difference to us ( as platform providers ), or to brokers, because neither of us can actively participate in the betting process. We charge a service fee, while merchants are betting on one another ( 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. If successful, trader profits rely heavily on the ratio of right and wrong results;
Both platform and broker can always prove the authenticity and accuracy of the results. In the worst case scenario, if something goes wrong, it will be recognized or justified. Therefore, there is no need to trust each other with certain conditions.
Trades are realized with an ERC-20 token of a stable value. It is stored and served in Ethereum
blockchain, allows 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 makes involving the possibility of manipulation with the underlying asset level, as it must be done in several places simultaneously. Working from a combined level is a completely open and transparent process: being recorded and presented for public access in real time.

Business model

We designed a radically new business model to change the user mindset of platform provider integrity concerns to focus on its own capacity to generate profits. Betex is the only platform, where as much as 95% of funds are distributed among traders, which is successful. In addition, we form a large shared liquidity pool for each base asset to maximize user profitability. Backed by an Ethereum smart contract, Betex brings undeniable transparency, fair behavior and auditable results into binary options trading.

Sales Token

BETEX token sales will be done in the first two stages and one main stage.

BETEX token pre-sale token 1

➤ Starting from the pre-sale round

1: 04.12.17 at 14.00 GMT

➤ End of pre-sale round 1:

08.01.18 at 14:00 GMT or 500,000 BETEX tokens sold out

➤ Pre-sale round 1 token price BETEX:

$ 2.00

➤ Maximum number of tokens to sell:

500,000 out of 10,000,000 (5%)

➤ Pre-sale round 1 hard hat:

$ 1,000,000

➤ Min purchase amount:

15.000 BETEX

BETEX pre-sale tokens Round 2

➤ Start the pre-sale 2:

10.01.18 at 14:00 GMT

➤ End of pre-sale round 2:

18.02.18 at 14:00 GMT or 1,500,000 BETEX tokens sold out

➤ Pre-sale round 2 token price BETEX:

$ 2.50

➤ Maximum number of tokens to sell:

1,500,000 out of 10,000,000 (15%)

➤ Pre-sale round 2 hard cap:

3.750.000

➤ Min purchase amount:

5,000 BETEX

BETEX Token Sale

➤ Start sales of main tokens:

01.03.18 at 16:00 GMT

➤ End of main token sale: 3

1.03.18 at 16:00 GMT or 3,000,000 BETEX tokens sold out

➤ BETEX main token price:

$ 3.00

➤ Maximum number of tokens to sell:

3,000,000 out of 10,000,000 (30%)

➤ BETEX token sale hard cap:

$ 9,000

➤ Minimum purchase amount:

0.5ETH or 0.05BTC

During the initial round of BETEX token sales, the token will not be transferred to the buyer. Under the SAFT ( or similar ) agreement, the tokens will be transferred to the contributor later, once they are generated After the main round of BETEX token sales, the BETEX token will be issued and transferred to the buyer directly within 7 days of the Token Generation Event. Important! BETEX token sales during ALL rounds are subject to satisfactory KYC / AML procedure. One of the unsold BETEX tokens during one of the rounds will remain at the disposal company.

Roadmap

➤ Q4 2016

Idea

➤ Q1 2017

Research & Development

➤ Q2 2017

Proof of concept

➤ Q3 2017

Website Launching

➤ Q4 2017

Launch and test p2p binary options MVP platform on the net test
Pre-sale BETEX tokens in accordance with SAFT
Smart platform contract audit
Web interface design from platform part for p2p sports betting

➤ Q1 2018

Get a license for betting; Commercial launch of the Betex p2p binary platform option
Development of a list of available trade pairs
Launch and test platform MVP sections for p2p sports betting in test nets

➤ Q2 2018