Architecture of Betex Smart Contracts
https://medium.com/@betex/architecture-of-betex-smart-contracts-70f5e1289e69



Main purpose of smart contracts is ensuring a transparent betting mechanism for the common pool of liquidity. Smart contracts were built under the following restrictions:

The bet occurs by the means of transferring the SBT token into a common liquidity pool for a given event in the system;
The network commission (Ethereum) should be as small as possible;
Reward payout (including the transfer of the commission) is realized by a smart contract based on the data received from the oracle.
The architectural system is based on the following smart contracts:

SBT token contract complies with ERC-20 standard. SBT is a stable (relatively to the USD rate) token, the exchange rate of which is artificially maintained, with emissions and burning made during the exchange operations.
Exchange contract is a smart contract for automatic exchange of ETH to SBT and vice versa. ETH/SBT rate is regularly updated with an oracle and artificially maintained at 1:1 USD level. When crediting ETH, the required amount of SBT is being emitted. When withdrawing ETH, corresponding amount of SBT tokens is being burned.
It is also planned to implement time restrictions on the token use. If the token is not used in the Betex system for a certain period of time, it is automatically exchanged back to the ETH source address. This may prevent speculations with tokens.
Betex smart contract is a management system for liquidity pools (betting baskets). It accepts bids by moving SBT token to a specific pool (basket) for a limited period of time. After the waiting time has expired, the payout is redistributed among the players based on the oracle data.
Commission smart contract is the contract-aggregator of commission fees. It charges the entire commission from operations in the system. The distribution of the commission is made by this contract once in a certain period of time (currently, once in 24 hours).
Referral smart contract is contract managing the referral program. Betex supports a single-level referral program and redistributes part of the commission to the referral addresses. This smart contract stores the necessary dependencies.
The implementation of smart contracts is carried out considering all modern practices and approaches, including the overflow checks, 100% test coverage and statistical control of Gas used.

Is there a way that we can see how much the platform is being used already? Active online users or amount of money being put into binary options?

This is not a pump and dump coin and the current market is already out of betex hands, If you cannot wait for the price valuation in the future you can sell at loss and move on.

It is all well and good posting data about the tech. But what I think a lot of investors want to see is posts about results.

Of course it's early days for the project but it could be a consideration for the team to maybe make a blogpost soon to tell the investors how the first weeks of action on the platform are going. I for instance would find it interesting to know how much people are using Betex at the moment approximatly!

Use betexscan.io for faster and more comfortable viewing of SBT transactions. Read more: https://t.co/eLY4oLXf0O

A very wide range of people from the world of traditional financial instruments and the world of cryptocurrencies can become the users of the Betex platform. These include millions of people all around the globe. If you are interested in investments, finance, and trading on exchanges, you are our
potential customer.

The owners of services with ready-made user bases will be interested in the platform the most because they can quickly deploy the platform and start earning commissions from the first day of work without transferring their use base anywhere. This mostly concerns existing brokers of binary options.

The investors and traders can also greatly benefit from using the Betex platform.

     



This includes:
- other types of binary options;
- betting on sports events;
- betting on cyber sports events;
- betting on irregular events and so on.

There's no buy support and no one is selling cheap that's why.

AS for the ICO results no one really knows the exact figure on how much they really raised during the ICO sale. But kudos to the team, they still working on their platform even the current market performance.