Betex - platform for binary options

Just for the record

A binary option is an option that, depending on the fulfillment of a specified condition at a specified time, either provides a fixed amount of income (premium) or brings nothing.

In fact, it is a bet with two solutions: loss and gain. The bet can occur on different variants of events. For example, price movement in a certain direction at a certain period of time.

Since ancient times, people have been betting, it's part of each human. With the advent of blockchain, all areas of activity have the opportunity to become better and more efficient. Betex tries to do this in the options field.

Binary options are now in the blockchain

Betex provides a platform for binary options, based on the technology of distributed databases or, in other words, blockchain.

What is the difference between Betex and others conventional platforms related to binary options?

In Betex, people bet against each other rather than against the broker. Thus, the possibility of earning the loss of the player by the broker is excluded. The player's winnings are not fixed and depend on the total amount of bets. Thanks to blockchain technology the whole process becomes transparent as possible and therefore excludes all sorts of machinations in relations among all participants.

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It should be noted that Betex is a platform, not a broker. Brokers, as well as traders, will be participants of this platform. Brokers will earn only with successful bets. The platform, in turn, will take a Commission of 5%. 40% of this amount will be credited to brokers.

Tokens

In the system, there will be 2 tokens: BETEX and SBT.

SBT (Stable Betting Token) is a token with a stable value of $ 1.00. This token is used for bets in the system, payments to winners, brokers, BETEX token holders, as well as for the development fund of the platform itself.

BETEX, in turn, is more familiar to all ICO investors as the token used for tokenization of the company's capital, trading and bonus payments. Holders of Betex token will receive 2.5% of the total income. So the greater contribution you make, then more significant part of the commission you will receive.

The launch of the platform is planned to be carried out through the browser and mobile applications.

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Rating of the company

Recently we’ve got a fairly good 4.5 rating at ICOBench, voted by some of the well-known ICO analyzers and critics on the listing.

The company has already successfully finished 2 rounds of token pre-sale. At the moment, more than 4 million dollars have been collected. Betex is planning a listing in April, and the platform will be launched in the same month.