Tell me about the idea behind Betex? 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.
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Those include distribution of all unsold tokens between the contributors, deployment of token smart contract, and implementation of a bonus system. 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 result of your suggestions and comments, we have successfully changed 2 main issues that many people were worried about. The company has deployed the token smart contract so that everyone can make sure that our words are not different from the code. Betex will distribute all the unsold tokens among participants of the Pre-sale Round 1, the Pre-sale Round 2 and the Main Token sale on pro rata basis.
Therefore, demand will define the final price for every participant, which is fair enough. It enables users to place bets on future changes against each other. As a platform provider, Betex cannot engage in betting and only profits from collecting service fees.
Betex users get instant access to all of its functions and features without having to make any kind of deposits first. The company has already reached the soft cap within the token sale.
Betex, the blockchain peer-to-peer binary options platform has launched its main ICO campaign on March, 1st, after successful completion of the two preliminary rounds. Betex is bringing transparency and fairness to the financial derivatives trading through the use of Ethereum smart contracts and letting the users bet against each other in a peer-to-peer way. 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. Users are forming one large common pool of liquidity for each underlying asset in order to maximize the overall gain.
Project overview BETEX – peer-to-peer platforms for binary options.
BETEX team creates a platform that will be significantly different. BETEX guarantees the integrity and openness of its activities, all participants of the platform will be protected from fraud. A large field will be created for the sale of assets and, accordingly, a very high profit. Also low transaction fees. Problems of the binary options market BETEX team took up the creation of a completely new product, as the existing sites are far from perfect and their participants do not get the facilities and benefits that could create for them BETEX.
Interview with Oleg Torkhov the Co-founder and CEO of Betexlab
Setup complex trading scenarios just by starting another instance of the software. Imagine multiple strategies all focusing on the Favourite or other selection? The possibilities for an edge are endless! Betextrader now also comes with a built in Manual Trading Interface.