Binary options safer and cheaper than ever
Blockchain has proven itself to be a far superior technology in regards to transferring data or handling transactions. Because of this, Betex utilizes the Ethereum blockchain to handle all bets made on their binary options platform through smart contracts. This ensures a transparent, secure and fair environment when using their betting platform, users will also get access to real-time data so they can follow all operations at all time. Besides from all of that, Betex is doing things a little different compared to other binary options platforms, Betex is peer to peer, meaning that users of the platform are betting against each other, not the platform. Because of this very important distinction, users of Betex can enjoy fees of only 5% which is some of the lowest in the industry. For those who are unfamiliar with binary options, what it basically is, is a financial instrument in which traders or betters try to predict whether the price of a certain asset goes up or down in the next x amount of time. If they predict correctly, they win their bet and vice versa.
Platform and token ecosystem
The Betex platform is obviously available for investors and traders, but Betex also offers a ready to use solution for brokers. This means that brokers with an already established community can very quickly fully integrate the technology and infrastructure behind Betex into their very own site or application. As previously mentioned, the fees on the platform are only 5%, but actually, it’s more like 2.5%, because 2.5% of commission revenue earned by Betex is going to be distributed in ETH to holders of their ERC20 token BETEX. This is the coin you will be able to buy during their ICO, but there will also be another token on their platform which is purely for operational purposes. This token (SBT) is going to be a stable-coin pegged to the dollar. The supply of SBT correlates with the amount of money that enters or leaves the system in order to actually have it be worth 1 dollar each.
To fund their project, Betex is raising funds through an initial coin offering (ICO), selling their ERC20 token BETEX. 2.5% of commissions made by Betex will be shared with tokens holders in ETH, so individuals holding BETEX tokens will receive a part of this proportionally to how many tokens they have of the total supply.
The pre-token sale started the 4th of December 2017
The token sale ends the 31st of March 2018
Current price is 1 BETEX = 3 USD
The minimum contribution amount is 0.5 ETH or 0.05 BTC
- Total amount of tokens issued is 10.000.000 BETEX
- A maximum 5.000.000 BETEX will be available for purchase during ICO
- Total hard cap is 14.750.000 US dollars
To view their entire team, their advisors and learn more about each member, visit their website: https://betexlab.com.
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
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