BETEX: A Blockchain Powered Peer-To-Peer Binary Options Platform.

There are plenty of ways to make money in today’s world and one among them is a fairly new and yet lucrative trading vehicle – Binary Options. It is a financial instrument that requires traders to correctly indicate the price movement/direction for the underlying asset at a given point of time in the future. The forecasting horizon varies from a few minutes to several months. A simple search will produce hundreds of thousands of hits, all centralized and cloaked in potential earnings like “earn up to 79% every hour”. However, Binary Options has also become a fraudulent tool and thus there couldn’t be a better time to launch a blockchain powered peer-to-peer binary options platform.

Powered by Ethereum smart contracts, BETEX is built with a clear mission of bringing clear-cut transparency to the financial derivatives markets as well as creating brand new instruments that would finally put an end to obsolete shady schemes. Built on Blockchain technology, unlike traditional platforms, BETEX will execute a well-designed business model to shift user mindset from worrying about the integrity of platform providers to focusing on own capacity to make a profit, and thus improving the way betting is done. BETEX has already developed 2 MVPs: GoBet and BETEX.io, to clearly demonstrate the concept, with 3 trading pairs and 6 trading intervals available.

Traders will be placing their bets against each other rather than against the platform providers under the BETEX Ecosystem. Real-time access to data will be provided to assure users of the absolute transparency of the system. BETEX users will get instant access to all the functions and features provided for on the platform without placing any kind of deposit. Moreover, payments are made automatically and released by smart contracts in SBT. Stable Betting Tokens (SBT) is a token with a stable value of $1, used for betting in the system, payments to winners, brokers, holders of BETEX tokens, and for the development of the platform itself.

On the other hand, Investors will interact with the platform primarily through user profiles. In the last quarter of 2017, investors from around the world got a chance to participate in the BETEX pre-sale -first round – where $1,000,000 was raised, with BETEX selling the entire 100% of tokens on offer. After the main BETEX token sale, token owners will be receiving their share of the platform’s profits made on commission. For the first quarter of 2018, brokers will be offered a ready-to-use solution allowing them to engage with the platform, to quickly implement all the mechanisms and systems of the BETEX platform with their own domain and user base.

The presale held in November to December 2017 was under a Simple Agreement for Future Tokens agreement once they are generated and registered with the SEC. The BETEX second round pre-sale started on 10th January 2018 and will end on 31st January 2018, or after 1,500,000 tokens are sold out, whichever is earlier. At the price of $2.50, potential participants can invest in 15% of the total tokens supply of 10,000,000. The tokens can be bought in BTC and ETH, with a minimum of 5,000 BETEX to be purchased by each investor.

 The commercial launch is planned for February, so the platform will already start getting profit and accumulating it for the BETEX token holders. Thank you!

More information about the platform is available at https://betexlab.com/

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