Betex - Peer to Peer Binary Platform That Offers Transparency in Transactions

Binary options present an attractive way of trading. Essentially, it offers an all-or-nothing approach to investing. Investors would bet on the outcome of basically any event, the result of which would determine if they win or lose.

As with any type of traditional investing, there is always room for fraud. There is also the issue of third-party intermediaries and huge transaction fees associated with them. Blockchain technology solves both the problems a fact that Betex is well aware of.

The Betex platform, using blockchain technology to offer transparent peer-to-peer derivatives trading. This essentially means that users will be able to bet on these future outcomes without the use of a broker or middleman. Because of the blockchain, users will be able to access real-time data, which results in Betex offering a high level of transparency and data accuracy to its members. The benefits of blockchain are essential in ensuring that the platform reaches its aim of completely revolutionizing binary options trading.

With traditional trading, corporations and brokers could manipulate the system resulting in high losses for investors. With Betex, the platform itself cannot bet and receives its revenue from the service fees it applies to its users.

Users will also be saving money as the platform does not require any form of deposit before members start betting. Another benefit of the platform being blockchain based is that it makes use of smart contracts to facilitate payments directly the users’ ETH wallets with no delay.

The model of Betex is claiming to return credibility to the binary options market and has many key advantages compared to the traditional models. As a platform provider, Betex cannot engage in betting, which makes the process unbiased and immutable. Betex users get instant access to all of its functions and features without having to make any kind of deposits first. Moreover, the payments are automatically released by smart contracts straight to the users’ ETH wallets, ensuring immediate withdrawals without delays or cancellations. Users are forming one large common pool of liquidity for each underlying asset in order to maximize the overall gain. In order to clearly demonstrate the concept, Betex has already developed 2 MVPs. There are 3 trading pairs and 6 trading intervals available within the MVP framework.

Betex is the only platform where as much as 95% of funds are distributed among traders who succeed. Betex only profits from collecting service commission of 5% (thereby, 2.5% are transferred to the holders of BETEX tokens). Contrary to many other ICOs that are raising funds backed by an idea only, the official launch of the Betex platform is planned already for March 2018, which means that the profits of investors will start accumulating since then.

Within the main token sale, the price of BETEX tokens is fixed and equals $3. The token sale will last from March 1st to March 31st, 2018. 30% of tokens total (3,000,000 BETEX) will be available during the main token sale. The minimum purchase amount is 0.5 ETH or 0.05 BTC.

Finally, Betex has also introduced a special affiliate program, within which you can get 10% of the investment amount of the referred users. According to the program, the payouts will be executed in ETH and BTC within 7-10 days. Apart from that, Betex offers a bounty campaign for promoting its token sale.

This is a Betex team: