Betex is an innovative peer-to-peer platform for financial derivatives trading

Bringing clear-cut transparency to the financial derivatives markets

Betex is a leading-edge platform for P2P financial derivatives trading. It enables users to place bets on future changes against each other.

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.

basic concept

Binary options is a financial derivatives instrument that challenges traders to foresee the right
direction of the price movement for an underlying asset at a given point of time in the future.
Forecasting horizon varies from a few minutes up to several months.

To receive income for having defined the right direction, in which the price of an underlying asset
happens to move, traders can use binary options instead of actually buying that asset. Thus, it is
enough to forecast one of the two possible options — price increase or decrease. If the assumption is
accurate for a given moment in time and asset price changes in the indicated direction, traders gain.
And otherwise, they lose.

Any trading pairs that are comprised of quotes (currencies, indices, stocks, metals, minerals, oil etc.)
may be considered as basic assets for binary options.

Market overview

According to the utmost conservative estimates, the volume for the world market of binary options is
at least $30 billion per year, with almost $5 billion yearly in Japan alone. Exact estimation of this
figure is not easy to obtain since in most countries there is no reliable data on the binary options
market turnover because of its extreme shadiness and untruthfulness as well as the lack of clearing
from the overwhelming number of brokers.

Nonetheless, these days, binary options are no longer popular. Instead of building a user-centric, longlasting
system for people to enjoy and benefit from, binary options have been often used to scam
traders.

BETEX ECOSYSTEM

Basically, you can access and interact with Betex ecosystem, being a:
▸ Trader
▸ Investor
▸ Broker
As the diagram below shows, all elements of the ecosystem are interconnected with Ethereum
blockchain and smart contracts, which, in this case, play a role of backend. This form of organization
provides many advantages but has one major drawback — the limited scalability.

BETEX PLATFORM

Betex is an innovative peer-to-peer platform for financial derivatives trading, using Ethereum smart
contracts. Binary options will serve as the primary derivatives to begin with. Later on, other more
complex instruments will be integrated.

Unlike trading the traditional binary options, Betex users place bets against each other. To our
knowledge, this is the only platform, where as much as 95% of funds are distributed among traders,
who make correct assumptions. Besides, they are forming a large common pool of liquidity for each
underlying asset in order to maximize users‘ gain.

Powered by Ethereum smart contracts, Betex brings undisputable transparency, fair conduct and
auditable results to the Binary Options trading. 5% of the amount of the transactions (bets) is the
platform‘s commission income.

All operations in the system are performed in the SBT Ethereum tokens of the ERC-20 standard with
a stable value of $1.00.

Description of MVP (released)

Currently, it is already possible to try the work of the platform in action. In order to clearly
demonstrate the benefits of the common pool of liquidity, two samples of the platform were launched
as MVPs in the test net: https://Betex.io and https://GoBet.io.
There are 3 trading pairs and 6 trading intervals available within the MVP framework.

Trading pairs:
▸ BTC/USD
▸ ETH/USD
▸ BTC/ETH
Trading intervals:
▸ 5m+25m
▸ 15m+2h45m
▸ 30m+5h30m
▸ 1h+11h
▸ 3h+21h
▸ 1d+6d

Each trading interval consists of two sub-intervals: during the first one, traders bet on the growth or
lowering of the rate (5m), and after the second one (25m), the platform determines the winners and
distributes the bets of the losers between them.

At the end of this section, an example of a round is shown, which demonstrates the work of the Betex
platform more clearly

BY CROYA86
PROFILE BCT : https://bitcointalk.org/index.php?action=profile;u=913490