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Peer-to-peer binary options platform

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Team:

Oleg Torkhov - Co-founder & CEO

Mykhailo Tiutin - Co-founder & CTO

Mykhailo Savchuk - Blockchain & Back-end Developer

Oleksii Koshlatyi - DevOPs & Infrastructure

Oleksandr Babichev - Front-end Dev

Iana Gyzhytska - Content Strategist & Writer

Powered by Ethereum smart contracts, Betex brings indisputable transparency, fair conduct, and audible results to the binary options trading. 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. 2.5% (half of the platform's commission 5%) of the total platform turnover will be distributed among the holders of BETEX tokens, accordingly to the number of tokens they own.

Expert Review

TokenTops
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4.5 out of 5

Betex wants to bring transparency to the financial derivatives markets and create brand new instruments to solve the problem of suspicious schemes and platforms that often scam their users. They want to introduce a peer-to-peer binary options platform, powered with Ethereum smart contracts. The sole fact that the blockchain technology will be used in a financial derivatives market, makes the platform significantly stand out from its regular competition, as non of mainstream platforms and sites can assure that level of transparency and provable fairness. The platform will primarily focus on binary options, but will later work with other financial derivatives as well. Biniary Option are bets that are places on future changes and possible events, with only two possible results. As instant transactions and blockchain technology allows Betex to eliminate any unnecessary intermediaries, they are able to provide the service at almost no cost and with very low fees compared to the mainstream competition. The team behind Betex project is relatively small, however there are specialists in every needed aspect. The first pre-ICO round has already been successfully completed. Betex managed to raise $1,000,000 and complete the hard cap for the first round.

User Review

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Di29s04 may 2018, 12:12

I personally think that the idea of the project is pretty solid like having a cryptocurrency binary options trading is a great move. It will help many people who are new in the investing environment and its services will also attract current ones. The website is greatly designed and the whitepaper and roadmap are well thought and presented. I would prefer investing in it.

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