What Are The Betex Advantages Against Traditional Binary Options Platforms?

Betex business model is fundamentally different from traditional binary options.

With Betex, traders bet against each other instead of brokers. The situation when a broker gains profits when a trader losses is excluded. Brokers receive commission from gains, and the platform itself runs on service fees.

In traditional model, brokers operate independently and are not connected to each other in any way. With Betex, brokers use a common pool of liquidity with the same trading pairs.
Rewards for traders depend on the state of the liquidity pool in Betex, whereas in traditional platforms the reward in case of a win is fixed, and often is too low to guarantee platform’s profitability.

Betex also has a mechanism of distribution of parts of broker’s income amongst traders in form of sharing of 2,5% of income to all BETEX token holders in SBT tokens. In a traditional binary options platform, whole broker’s income remains with the broker.

Betex is built on Ethereum blockchain and smart contracts, thus offers a completely transparent and open process. Every trader is able to check all money flow based on an ERC-20 SBT token, which makes Betex a provably fair platform. With any other platform, whole trading process is carried out in the broker’s backend and it can’t be transparent.

Unlike any other platforms, Betex doesn’t require a minimum deposit or withdrawal amount and performs in and out operations of any amount instantly.

What also adds to the Betex transparency is that strike and outcome rates are provided by different public sources, weighted based on their trading volume. Traditional platforms usually use one liquidity provider which is often unknown.

Betex has a completely new approach to binary options and creates a new, fully open and transparent way of trading which will be equally profitable for all participants of the trading process, for the first time in the history of such financial instruments.

Read the whitepaper: https://betexlab.com/ico/betex-wp.pdf
Website: https://betexlab.com/

The Betex Ecosystem
Basically, you can access and interact with Betex ecosystem, being a trader (bettor), an investor, or a broker.

Traders can access Betex via web-based interface (as with the MVPs), or mobile and desktop apps in future.

As soon as the bets’ outcome is known, tokens of those traders, who happen to be mistaken, are distributed among traders, whose assumptions happen to be accurate. Yet, first, 5% fee is being charged for our services.

Investors will interact with the platform primarily through their user profiles, where both platform‟s general and investor’s personal statistics will be stored. Personal cabinet is under construction at the moment.

After the main BETEX Token Sale in the second half of 2018, BETEX token owners will be receiving their share of the platform’s profit made on commission. Number of tokens they own will directly define their shares of commission. Bear in mind, though, it seems likely that only qualified investors will be allowed to the token sale, since the BETEX token will be registered by regulators as a token-share.

In the first quarter of 2018, brokers will be offered a ready-to-use solution, allowing to engage with the platform by a known White Label principal. In other words, it will be possible to quickly implement all the mechanisms and systems of our platform with own domain and user base. Also, Betex Lab Limited, as a developer of the platform, will provide consultations and technical support.

Read the interview with Betex CEO Oleg Torkhov:

https://www.investitin.com/betex-p2p-financial-derivatives-trading/

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HOW BETEX CAN BE PROFITABLE FOR INVESTORS

In this section, investors should be understood as all holders of BETEX tokens. The income of the BETEX token holder can consist of the two components:

Permanent automatic commission payments in the amount of 2.5% of the total volume on the platform. Each token holder automatically receives a part of this commission accordingly to the number of tokens he has.

Possible increase of the BETEX token costs along with growing platform turnover. The dependence of possible BETEX token cost on daily turnover of the platform (together with brokers) is also outlined.

https://betexlab.com/

HOW BETEX CAN BE PROFITABLE FOR TRADERS

Traders can earn can constantly earn by using the platform for its intended purpose if they correctly indicate a short- or medium-term trend in the price change of the selected basic asset (trading pair).

Unlike most centralized systems, the size of a trader's earnings in case of a correct forecast depends on the state of the general liquidity pool (rates of other traders) and can range from several percent to several tens of times. The size of the win is limited only by the volume of the general pool of rates and the ratio of the number of bets to each of the outcomes.

Also, one of the possible options for making profit for traders can be using the platform along with trade operations with the basic asset on one of the exchanges. In this case, the bets on the platform can hedge the risks of their trading operations on the exchanges.

An additional source of income for a trader, if desired, can become a referral program, which is usually up to 0.5% of the betting amount of the referred user. The decision on the referral bonus is made by the broker.

https://betexlab.com/

Historic And Economic Background of Binary Options

The first regulated binary options took place in the US in 2008. In early May 2012, the Cyprus Securities and Exchange Commission (CySEC) included Binary Options to the list of financial instruments recognized by the law of the Republic of Cyprus on Investment Services, Investment Activities and Regulated Markets of 2007.

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 tens of billions of dollars 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.

For instance,

American Regulators have issued a “Warning to Investors,” which explained that legitimate platforms for binary options trading must be registered with authorities and comply with a set of rules. And yet, no web-platforms, brokers, or whatsoever, possess the relevant registration in the US.

„The Times Of Israel‟ magazine has published a series of articles entitled “Wolves Of Tel Aviv: The Grand Immoral Cheating Of Binary Options,” exposing the binary options industry as a big scam.

The Commodity Futures Trading Commission warns that “online platforms for binary options mislead users, promising huge gains at a limited risk. In reality, users lose their money in days while companies make profits.”

https://betexlab.com/

Betex Platform Scalability

The Betex platform was originally designed in such a way that the increase in the number of trading pairs, users, brokers and transactions, the speed and quality of the platform is not affected. This applies to both the hardware and network infrastructure, as well as the architecture of software components.

At the moment, considering the average load of the Ethereum network at the level of 50%-60% and the average gas volume necessary for the platform operation, the maximum amount of transactions per day without increasing the Ethereum network capacity is about 100,000.

We have several possible solutions for the platform’s scalability:

• Upgrade of the Ethereum network that will allow the capacity increase;
• Transition to an alternative block system if it also offers smart contracts or similar solutions that will allow the business logic of the platform to be implemented at a higher rate and/or at a lower cost;
• Transition to our own specialized blockchain that will be able to provide the platform with a level of transparency and reliability not lower than the current one and at the same time it will be sharpened directly to the needs of the platform.
  The fulfillment of the first two conditions does not depend on us in any way. Our team monitors the situation in terms of significant changes.

As for the latest point, work is being done in this direction. At the moment, we are at the initial stage. The results should appear in the second half of 2018. All issues should be resolved within a year.

BETEX STARTS 2ND PRE-SALE ROUND

Betex has successfully closed the 1st pre-ICO round by hitting the $1 million hard cap.

From January 10th, Betex starts the 2nd investor-only pre-sale round, which will last until all tokens are sold out or until 14:00 GMT on January, 31st. The 2nd round is to sell 1,500,000 BETEX tokens at $2.50, which sets the round’s hard cap at $3,750,000. The minimum purchase amount is 5,000 BETEX tokens.

To take part in the 2nd pre-sale, investors should pass the KYC/AML procedures. To get started, press ‘Invest’ button at https://betexlab.com/
The dates and details of public crowdsale of the remainder of BETEX tokens will be announced afterwards.

Also, Betex has simplified the signup procedure for its MVP. To register and try out the MVP, you can enter your email on the login page at https://betex.io/ to get a private key of a wallet on test network faster. The other details on using the MVP can be found in our guide here: https://medium.com/@b…/how-to-use-the-betex-mvp-2ffd30e140f3

Website: https://betelab.com/
Whitepaper: https://betexlab.com/ico/betex-wp.pdf

Betex Blockchain P2P Binary Options Platform Raises $1 MLN In The First Round Of Pre-Sale
http://altcoinalerts.com/betex-blockchain-p2p-binary-options-platform-raises-1-mln-first-round-pre-sale/