BETEX

BETEX

Created using Figma
Created using Figma
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.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • CREX24
    BETEX/BTC 2 days ago
    $ 0.0021
    -
    -
    -
  • Idex
    BETEX/ETH 7 months ago
    $ 0.0047
    -
    -
    -
Mar 1, 2018
Mar 31, 2018
100% completed
Raised funds - no Data
Hard cap 9 000 000.00 USD
past
  • 1 BETEX
    =
    3 USD
Dec 4, 2017
Jan 31, 2018
100% completed
Raised funds - no Data
past
  • 1 BETEX
    =
    2.5 USD
Token Details
Ticker
BETEX
Accepted Currencies
ETH, BTC
Additional Details
Platform
Ethereum
Categories
Platform

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.

BETEX Roadmap

  • 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;
  • 2017 Q4

  • Launch and testing of the p2p binary options platform (MVP) in the test net
  • 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;
  • 2018 Q1

  • Obtaining a license for betting
    Launch and testing of the MVP‟s section for p2p sports betting in the test net;
  • Read More
  • 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;
  • 2018 Q2

  • Commercial launch of the section for p2p sports betting
    Connection of the first brokers to the platform
    Launch of the mobile app for Android
  • 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;
  • Quarter 4, 2018

  • Network scaling and/or transfer to a more efficient blockchain;
    Launch of the section for p2p betting on irregular events;
  • Quarter 1, 2019

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

Activity

Activity:
222
HIGH
Posts:
1 345
VERY HIGH
Views:
15 228
VERY HIGH
Activity:
222
HIGH
Merit:
2
VERY LOW
Posts:
1 345
VERY HIGH
Views:
15 228
VERY HIGH
Users:
480
HIGH
Posts:
111
MEDIUM
Followers:
473
VERY LOW
Likes:
444
VERY LOW
Rating:
4
MEDIUM
Followers:
2 057
MEDIUM
Tweets:
398
HIGH
30 Days Growth:
-7
Members:
4 061
MEDIUM
30 Days Growth:
-644

Participation in events

BETEX Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

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

BETEX Last News

$ 0.0021
Coin Stats
Daily, %:
Weekly, %:
-41.28%
Monthly, %:
-17.02%
Market Info
Market Cap:
Volume 24h:
Circ. Supply:
0 BETEX
Ticker:
BETEX
ICO profit
X 0.0008
ICO Price~$2.75
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