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The binary option, or the "asset-or-nothing" option, was highly valued as a derivative instrument for thousands of brokers and traders. The simplicity of the instrument that allows investors to guess whether a specific event will occur or not has resulted in losses estimated at $ 30 billion a year for the market. However, dishonest brokers, shady practices and opaque terms have resulted in stricter regulation and a stricter stance by government agencies. Despite the industry's concrete efforts to regain credibility through advertising campaigns, most people are reluctant to enter the market.
Once bitten, twice …
Confidence is arguably the most fragile quality of the known universe; easily lost, hard to find. unless you can fully prove your value. An abundant amount of information is needed to build trust, especially in the financial sector. Investors must also have access to an honest, transparent and secure platform that allows them to run their bets safely without worrying about the integrity of the traders.
This is what BETEX, a revolutionary peer-to-peer platform on the blockchain, is developing a transparent ecosystem for binary options and other derivatives. Thanks to the disintermediation of services, BETEX allows users to bet directly with each other without interference from third parties.
"Our mission is to bring unprecedented transparency to the derivatives market, as well as to develop new derivatives, which will leave no chance for the old, dubious trading instruments of the future." 39, exist ", says Oleg Torkhov, CEO of BETEX.
BETEX's specialized and ready-to-use solution offers the following advantages:
- Traders: A steady stream of revenue opportunities if they can correctly indicate a short or medium-term trend in the price change of the selected core asset (bargaining pair).
- Brokers: commission of 2% of the total amount of their users
- Investors: 2.5% of the total volume on the platform is distributed among the token holders. Each token holder automatically receives a portion of this commission based on the number of chips he or she owns
BETEX MVP is already available on two sites – https://Betex.io and https: // GoBet. io – presenting the advantages of his common concept of liquidity pool
An ecosystem like no other
Unlike traditional platforms, BETEX provides access to real-time data and records all information on the blockchain, thus ensuring absolute transparency of its system. Liquidity on the platform is guaranteed by a white-label system linking traders to brokers and preserving the integrity of the ecosystem. The platform will also distribute 95% of the pool among winning traders and will charge 2.5% commission, while distributing the rest among the token holders.
"All transactions will be publicly available for any control, and no one, including the platform, will be able to influence the process."
Sale of chips
The regulation on the platform is powered by the BETEX token, which will be made available to investors during two pre-sale rounds:
- Pre-sales Round 1 – Starts on 04.12.2017 and ends on 20.12.17
- Presales Round 2 – Starts on 10.01.18 and ends on 31.01.18
Only investors who comply with the KYC / AML law are eligible for this private offer.
BETEX's goal is to fully comply with all regulators and to protect against the future by registering with the SEC and other regulators.