BETEX
BETEX
Bring a clear transparency to the financial derivatives market
Thousands of brokers and merchants around the world massively use binary tools. That's great fun because of the simplicity of concepts and high chances of success. The industry is experiencing exponential growth until 2014, achieving an annual turnover of more than $ 30 billion. But something went wrong.
In the following years, regulators from around the world made strong statements, arguing that binary options were a hoax, and that merchants did not want to participate. Apparently, the excellent Binary Options concept is undermined by shady and dishonest brokers, their appetite for profit and the fact that they have many opportunities to deceive their customers.
We have good news for you We are launching the platform of a revolutionary counterpart platform for BETEX binary options, which will significantly improve the way of betting. We are developing a fundamental new business model to change the users' perceptions of platform integrity issues in order to focus on their own ability to make a profit.
Market Overview
According to the most conservative estimates, the world binary market volume is at least 30 billion dollars. US per year, and only in Japan, only 5 billion rupiah. USA per year It is not easy to get an accurate estimate of these figures, as in most countries, there is no reliable data about rotation in the binary option market due to its extreme trends and disabilities and the absence of exceptions from the brokers in circulation.
We analyzed traditional binary option models to better understand all the reasons, which led to unfavorable behavior with respect to binary selection and brought good ideas for the fall.
▸ Traders are betting against brokers. Thus, the loss of the trader is the broker's benefit. Therefore, the reason the broker is most traders fail.There is a general consensus that 90% of trade funds end up in a broker pocket.
▸ In general, the rewards of a trader, if he is right, stay firm regardless of other factors, that is sometimes you must have more ways than that.Maximum rates available vary from 75% to 90% of the rate.
▸ The trading process takes place in the backend broker, so it is not transparent. Such systems allow you to manipulate data in such a way that it is difficult for a person to know that the process has changed.
▸ Sometimes we need to make a deposit to start trading, which takes time. The conclusion took longer. If funds are frozen, the user must order or buy something to make a conclusion.
▸ Quotations are often received from service providers in a corrupt manner. And even then it does not guarantee the accuracy and reliability of the data provided.
▸ Even if the broker is right for you, it is impossible to prove it, depends on an important factor in the decision-making process.
Betex Solutions and Benefits
▸ The bet does not affect us (as a platform provider) or broker, because neither of us can participate actively in the betting process. We charge a service fee, while merchants make each other's bets (peer-to-peer).
▸ No deposit is required, and automatic withdrawal is immediately guaranteed. This is especially possible because of the use of intellectual contracts.
▸ Traders who accurately determine future changes receive 95% of funds. If successful, the trader's profits depend heavily on the correct and wrong result ratios.
▸ Both platform and broker can always confirm the accuracy and accuracy of the results. In the worst case, if anything goes wrong, it will be recognized or justified. Therefore, there is no need to trust each other with certain conditions.
▸ Trades are realized using ERC-20 markers with stable values. They are stored and displayed in the Ethereal block, which lets you perform operations on the platform in real time or later. Opening data access does not allow intermediaries to change the result.
▸ 50% profit from platform received from commission distributed among holders of BETEX tokens. 40% refers to the broker.
▸ The compound level used in all calculations is derived from multiple open sources using established algorithms, taking into account the value of each source determined by the trading volume. Using multiple sources allows manipulation of the underlying asset level, as it should be done in several places simultaneously.
Working at a combined level is a completely open and transparent process: recording and presentation for public access in real time.
BETEX Ecosystem
Basically, you can access and interact with the Betex ecosystem:
▸ Trader
▸ Investors
▸ Broker Architecture and Betex architecture is based on two main parts:
▸ Intellectual contracting system (to guarantee interest rate transparency).
▸ Prophecy, which provides reliable information about events occurring in intellectual contracts (in particular, exchange rates). SMART CONTRACT ARCHITECTURE The main purpose of intellectual contracting is to provide a transparent mechanism for tariffs for a general liquidity pool.
Smart contracts are created with the following restrictions:
▸ This rate occurs by moving the SBT token into a general liquidity pool for events on the system.
▸ The network commission (Ethereum) should be as small as possible.
▸ Remuneration for remuneration (including commissions) is manifested in intellectual contracts based on data received from prophecy.
ICO
From ICO: 01.03.18 at 12:00 GMT
Final ICO: 31.03.18 or 3,000,000 BETEX tokens sold out
ICO BETEX tokens: $ 3.00
Max number of tokens to be sold: 3,000,000 out of 10,000,000 (30%)
Hard ICO cap: $ 9,000
Min purchase amount: 0.5 ETH or 0.05 BTC
This is an example of how BETEX Platform works:
Initial data for example:
Trading pair - BTC / USD time interval - 5m + 25m
Start time of current round - 12:00 The
time to stop receiving bets in the current round is 12:05
The end time of the current round is 12:30
Composite level at the beginning of the round (Strike Rate) - $ 7154.5844
Composite rate at the end of the round (Outcome Rate) - $ 7195.2557
Trader_1: 12:01:30 $ 100.00 Call
Trader_2: 12:02 : 17 $ 200.00 Contact
Trader_3: 12:04:10 $ 600.00 Put
At the end of this round, we get the following results:
Trader_1 and Trader_2 are the winners.
The total pool size before deducting Betex commissions is $ 900.00.
Platform platform Betex is 5%, or $ 45.00.
Number of pool sizes after deducting commissions Betex $ 855.00
Trader_1 will receive 855 * 100/300 = $ 285.00 Trader_2 will receive 855 * 200/300 = $ 570.00
Distribution Token
Token Sale - 30%
Founder & Team - 30%
Pre-sale Token Round 2 - 15%
Reserve for broker - 10%
Reservation - 8%
Roundable Pre-sale Token 1 - 5%
Bounty - 2%
Usage
Platform Development - 40%
Marketing - 15%
Legal support - 15%
Operational cost - 15%
Reservation - 10%
Research - 5%
Roadmap
2018 Q1
Address any special regulatory / licensing requirements that may apply in relevant jurisdictions.
Commercial launch of Betex, p2p binary platform platform.
Development of a list of available trade pairs.
Launch and test the MVP section for p2p sports betting on the test nets.
Development and testing of mobile apps for Android / iOS.
Development and testing of desktop client applications.
Development of sections with statistics.
Development of a private cabinet for holders of BETEX tokens.
2018 Q2
Commercial launch for p2p sports betting.
The first broker's connection to the platform.
Development of API for bot trading.
Launch of the mobile app for Android / iOS.
Run the desktop client app.
Generation of BETEX tokens.
Distribution of BETEX tokens among pre-sale participants.
Distribution of profit accumulation among BETEX token owners.
2018 Q3
Compliance with regulatory / licensing requirements that may apply in relevant jurisdictions to the
main Stage of BETEX token sales.
Development and FIX API connection.
Development of parts for p2p betting on unusual events.
2018 Q4
Network scaling and / or transfer to more efficient blockchain.
Launch section for p2p bets on unusual events.
2019 Q1
Expansion and adaptation of global markets.
Breakthrough project as well.
BETEX Team
More info:
Bitcointalk My Profile : https://bitcointalk.org/index.php?action=profile;u=1592209
Eth: 0x8BF5F2559AeAe3f5CBf48cD6994A3fDb9B2Bc0a8
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