BETEX ICO (BETEX)

Peer-to-peer binary options platform


Powered by Ethereum smart contracts, Betex brings indisputable transparency, fair conduct, and audible results to the binary options trading. With Betex, traders will be placing bets against each other and never against platform providers or any other intermediaries. Built with Blockchain technology, unlike traditional platforms, Betex will provide access to real-time data, thereby, ensuring absolute transparency of its system. So there is no doubt that all users are treated equally and fairly. Users will be forming one large common pool of liquidity for each underlying asset in order to maximize users' gain. The platform's commission will be 5% only, the liquidity will be derived from a common pool of brokers, and brokers themselves will integrate into the platform via the white label mechanism. This is the only platform, where as much as 95% of funds are distributed among traders who make correct assumptions. 2.5% (half of the platform's commission 5%) of the total platform turnover will be distributed among the holders of BETEX tokens, accordingly to the number of tokens they own.

Investment Platform
4.4

by expert rating and reviews


4.0
ICO PROFILE
4.5
TEAM
4.8
VISION
4.3
PRODUCT
Ended
Token BETEX
Platform Ethereum
Price 1 BETEX = 3 USD
Country Hong Kong
ICO Start Date 01 Mar 2018
ICO End Date 31 Mar 2018

About BETEX

Betex was built with a 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. So now we are proud to introduce our leading-edge platform for peer-to-peer binary options, powered with Ethereum smart contracts.

Binary Options is a financial derivatives 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 can vary from a few minutes to several months.

Thousands of brokers and traders worldwide were massively employing this instrument back then. It was greatly favored for the simplicity of concept and high chances of success. The industry was experiencing exponential growth until 2014, reaching over $30 billion in its annual turnover. But something went wrong there.

In the following years, regulators from all over the world have been making rather strong statements, claiming that binary options is a deceit and discouraging traders to get involved. Evidently, a great concept behind Binary Options has been ruined by shady, dishonest brokers, their lust for gain and the fact that there are limitless possibilities for them to deceive their customers.

We have got good news for you, though. We are launching a revolutionary peer-to-peer platform for binary options, BETEX, that will substantially improve the way betting is done. We designed a radically new business model to shift user mindset from worrying about the integrity of platform providers to focusing on own capacity to make profit.

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

Users will be forming one large common pool of liquidity for each underlying asset in order to maximize users‟ gain. The platform‟s commission will be 5% only, the liquidity will be derived from a common pool of brokers, and brokers themselves will integrate into the platform via the white label mechanism. This is the only platform, where as much as 95% of funds are distributed among traders who make correct assumptions.

Team

Oleg Torkhov member of BETEX ICO
Oleg Torkhov
Co-founder & CEO
Mykhailo Tiutin member of BETEX ICO
Mykhailo Tiutin
Co-founder & CTO
Mykhailo Savchuk member of BETEX ICO
Mykhailo Savchuk
Blockchain & Back-end Developer
Oleksii Koshlatyi member of BETEX ICO
Oleksii Koshlatyi
DevOPs & Infrastructure
Oleksandr Babichev member of BETEX ICO
Oleksandr Babichev
Front-end Dev
Iana Gyzhytska member of BETEX ICO
Iana Gyzhytska
Content Strategist & Writer

Milestones

  • 1

    Quarter 4, 2017

    Launch and testing of the p2p binary options platform (MVP) in the test net;
    Pre-sale of BETEX tokens in accordance with SAFT;
    Audit of the platform‟s smart contracts;
    Web interface design of the section for p2p sports betting;

  • 2

    Quarter 1, 2018

    Obtaining a license for betting;
    Commercial launch of Betex, the p2p binary options platform;
    Development of the available trading pairs list;
    Launch and testing of the MVP‟s section for p2p sports betting in the test net;
    Development and testing of the mobile app for Android/iOS;
    Development and testing of the desktop client application;
    Development of a section with statistics;
    Development of a personal cabinet for BETEX token holders;

  • 3

    Quarter 2, 2018

    Commercial launch of the section for p2p sports betting;
    Connection of the first brokers to the platform;
    Development of an API for trading bots;
    Launch of the mobile app for Android/iOS;
    Running the desktop client application;
    Generation of BETEX tokens;
    Distribution of BETEX tokens among pre-sale participants;
    Distribution of the accumulated profit among owners of BETEX tokens;

  • 4

    Quarter 3, 2018

    Registration of the BETEX token in the SEC;
    The main stage of BETEX token sale;
    Development and connection of the FIX API;
    Development of the section for p2p betting on irregular events;

  • 5

    Quarter 4, 2018

    Network scaling and/or transfer to a more efficient blockchain;
    Launch of the section for p2p betting on irregular events;

  • 6

    Quarter 1, 2019

    Global market expansion & adaptation;
    Project's break even.

Financial

Token Sale Info
Token BETEX
Token Type ERC20
Platform Ethereum
Price in ICO 1 BETEX = 3 USD
Tokens for Sale 3000000
Investment info
Accepting ETH, BTC
Distributed in ICO 30%
Soft cap 1,000,000 USD
Hard cap 9,000,000 USD

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