 You can experience the Betex in several ways. With Betex you can be:
- trader
- investor
- broker |
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 Open access to data prevents intermediaries from altering results. Having open access to information at all times also ensures fully transparent process, accurate data, fair and equal terms. Join us on the Betex platform https://betexlab.com |
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The future of the Betex. The business model, architecture, and smart contracts of the Betex platform are built in such a way that it can be applied in many related areas. This includes:
- other types of binary options;
- betting on sports events;
- betting on cyber sports events;
- betting on irregular events and so on.The potential for growth is limitless and the Betex rapidly develops to reach its goals. |
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How to become a successful broker on the Betex platform? We prepared a guide for you that will follow you through the process and will give you all the needed information, along with the existing benefits for new brokers. |
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Who can benefit from using Betex platform? 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. |
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Betex Launches the Platform Telegram CommunityWhile Betex Lab already has a Telegram chat, it has been the main means of communication with our community during the token sale and early stages of Betex platform development. That chat contains lots of interested people who helped us with testing, and, of course, promotion of Betex, including bounty hunters. Now it is the time to get around our actual platform users and to provide them with a fast and convenient contact point, where they will be able to get all their answers answered and find any valuable information much faster. We present you the Betex Platform Telegram Chat, the official chat of Betex binary options platform.
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 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. |
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CAUTION! Avoid fraud twitter or telegram accounts that impersonate Betex or Betex colleagues. The only real twitter account is this one, @betex_tokens! We DO NOT PM anyone ourselves in any case even if asked in the chat!
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Architecture of Betex Smart Contractshttps://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.
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 BETEX IS BACK UP AND RUNNING
We're glad to annonce that the Betex platform is finally running again after extensive maintenance and upgrade work.
While keeping the interface and workflow the same, we ran a major internal update which will let the platform cope with much bigger number of users trading on Betex at once.
We have also fixed several minor and major bugs already, and continuing to work on smaller improvements even as the platform has just went up.
TRADE NOW AT: |
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 With the system of smart contracts, no deposits are required and an instant automatic withdrawal of funds is ensured to all the users of the platform. Platform users get instant access to all of its functions and features without having to make any kind of deposits first. Also, payments are automatically released by smart contracts straight to your ETH wallet, ensuring immediate withdrawals without delays or cancellations. On more about the benefits of Betex model read more: |
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Waiting for good news of the right market launch. The current price in IDEX is so cheap and very far from the $ 3 specified. Waiting for you
That's not great in short prospective of course, but usually exchange rates for smaller, non-hyped projects dip down for 5 to 10 times, so current 1/3 to 1/2 of ICO price is actually quite good, so there's a hope for price increase. Bigger token price is good not only for investors and exchnage speculators (which is obvious), but also increases the value being held in team's wallet, so there's a chance to increase development speed and platfrom scalability, which will (I hope so at least) bump the exchange rate even more. I believe the ICO investors got a share of the unsold tokens airdropped. I am not sure anymore what the percentage was exactly but I think ICO investors got about double the amount of tokens they bought.. making it about 1,5$ dollar per token and form this point of view we would still be on ICO price.The platform just launched and i think Betex has quite a lot of room for growth! Indeed! In any case, almost any un-hupe-y project experiences the same price drop situation after trading start, so we are certain that the price will regulate itself up after a while, especially hence the platform is already launched. |
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Betex Platfrom is Being UpdatedOn June 1st, we have finally launched the full-scale operation of the Betex platform. We deeply appreciate the amazing response of our community after the launch which also helped us to test the platform in a more loaded environment. The number of new users, trades and transactions turned out to be too high for the platform to cope with and showed us the need for a fast update. Thus, using the data collected throughout the first days of platform operation, we are working on an improvement which will increase the platform’s capacity, smoothen up the operation and provide a better trading experience for our users and community. We expect to roll out the update in the shortest time possible, until when your interaction with the platform may be interrupted by an information screen. Thank you for understanding.
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BETEX Token is Now Listed on Tokenjar We’re glad to share with you that BETEX token has also been listed for free trading at Tokenjar. Together with the essential set of features, Tokenjar offers the widest variety of market analysis appliances that can be used by a great range of traders varying from newcomers to concrete pros. Being a decentralized exchange, Tokenjar provides an opportunity for a fair and healthy market for BETEX token and opens up more possibilities to those who would like to earn by using BETEX tokens as a commodity.
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BETEX Token is Now Listed on IDEX We’re happy to announce that BETEX token is now available for free trading at IDEX, one of the most advantageous and confident decentralized exchanges of Ethereum-based tokens. Built upon a smart contract, IDEX provides the most extended set of features among decentralized exchanges, including limit and market orders, gas-free cancels, and the ability to fill many trades at once. We believe that listing of BETEX tokens on such an advanced exchange marketplace will offer our community a comfortable way of trading, and will bring more interest and outside traders to our platform.
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Betex Platform Officially LaunchedWe are excited to announce the launch of Betex — a peer-to-peer binary options platform powered by Ethereum smart contracts. Thereby, we are closing the MVP and beta phase and are officially starting the public operation. This is an important stage for our team and investors who have contributed to the development of Betex.  How it Works?Betex platform’s interface has been created with intention to make it as user-friendly as possible. The process of placing bet looks like this: a trader picks one of the trading pairs (Assets) and selects one of the six trade intervals (Time), then decides on bet amount (Bet Amount) and, finally, indicates in which direction the price will move: Up (Call) or Down (Put). Once the outcome of the forecast is known, the tokens of the traders who made the wrong prediction are divided among the traders who made the correct forecast of the price movement direction. At the same time, before paying the payouts, the platform charges a commission of 5% of the total amount of bets placed. Take Advantage NowUnlike most centralized systems, the size of a trader’s earnings in case of a correct forecast depends on the state of the common liquidity pool (bets of other traders) and can range from several percent to several tens of times. Win amount is being determined by the volume of the common pool of bets and the ratio of the volumes of bets to each of the outcomes. We invite traders to register on Betex and experience the benefits of the platform right away. We will make sure to keep everyone updated on the platform’s development. Are you a broker?Feel free to contact us via our email to connect to our Platform.
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HOW TO RECEIVE THE BETEX BOUNTYToday we have launched the Betex bounty payout system, by the means of which any participant can receive their bounty tokens now. To get the tokens on your wallet, you will need to perform a few easy actions to validate your wallet address and to guarantee the receival of your tokens. Please use this guide to get your tokens in a fast and correct manner. First, navigate to Betex Lab website and sign in in the top right corner. If you have signed up before, you only need to enter your login and password to get to the bounty dashboard. If you haven’t, the signup process will be extremely easy. There is no KYC needed, and we do not require any scans or ID photos from you. When prompted, please enter the wallet address you have used for bounty participation. After getting to the Bounty dashboard, you will be able to review your final bounty balance on your right. To validate your wallet, send 0.0028 ETH from the wallet you have signed up for the bounty campaign and entered during setting up your bounty dashboard to the wallet address provided. These funds are used for running the smart contract which validates your address and sends your bounty payout to your wallet automatically. You will also need to have 0.0022 ETH remaining on that wallet to pay the transaction fee for the validation transaction. You can copy the receiving wallet address and use your favorite wallet to send the funds, or you can simply press Pay with Metamask button if you have Metamask installed and would like to use it instead. We recommend setting the gas price at 17 GWei. After the smart contract validates your wallet, it will send your bounty tokens to your wallet address automatically, and you will receive them just in a few minutes. Please feel free to contact us in the Telegram community for further guidance if requires.
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BETEX PLATFORM REMINDER ⚠️ To be able to see your balance in SBT tokens and to place bets you should switch your MetaMask to Betex private network. How to set up MetaMask for Betex Private Network: Click on MetaMask icon within your browser; Observe MetaMask main window; Click on network select dropdown; Click on Custom RPC; Input https://eth-poa.betex.io in Network Field and click on Save; Observe as selected network changes to Private Network; |
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