Betex
Bringing clear-cut transparency to the financial derivatives markets
Betex is a leading-edge platform for P2P financial derivatives trading. It enables users to place bets on future changes against each other.
As a platform provider, we cannot engage in betting. Thus, there is no way for us to benefit from it. We only profit from collecting service fees.Built with Blockchain technology, unlike traditional platforms, Betex provides access to real-time data, thereby, ensuring absolute transparency of its system.
Determined to reinvent financial derivatives market, we strive to instill incorruptible business logic that would conclusively eliminate the issue of trust. 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.
- Transparency
Blockchain technology provides open access to information at all times, thereby, ensuring fully transparent process, accurate data records and equal terms for everyone.
- Provable fairness
Since we are not betting, there is no reason for us to manipulate results. Whatever is the outcome of your bet, we get to profit from collecting service fees.
- Common pool of liquidity
The goal is to consolidate maximum liquidity from the derivative markets through forming one common pool of liquidity for each trading asset, instead of creating multiple tiny ones.
- White label for brokers
We use the white label model to build solutions and provide services that allow minimizing entry and setup costs as well as help brokers launch their business in no time.
- Instant payouts
Payments are automatically released by smart contracts straight to your ETH wallet, ensuring immediate withdrawals without delays or cancellations.
- No deposits
Platform users get instant access to all of its functions and features without having to make any kind of deposits first.
Business Model
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.
Betex is the only platform, where as much as 95% of funds are distributed among traders, who succeed.
Besides, we are forming a large common pool of liquidity for each underlying asset in order to maximize users’ gain.
Powered by Ethereum smart contracts, Betex brings undisputable transparency, fair conduct and auditable results to Binary Options trading.
More Information About BETEX:
Website: https://betexlab.com/
ANN thread: https://bitcointalk.org/index.php?topic=2518678
Whitepaper: https://betexlab.com/ico/betex-wp.pdf
Author : petes ireng
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