[ANN] BETEX P2P Binary Options — $4,360,000 raised

[Betex]

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[Betex]

ICO & Binary Options — A Match Made in Hell?



Written by Scott Douglas

When I was first approached to help the Betex team, I’ll admit, I was taken back. Binary Options are notorious for gaining popularity in the last few years with many of the companies touting Binary Options as a legitimate investment vehicle, only to see people lose significant amounts of money in a very short period of time. Imagine — combining this with an ICO, how would anyone ever support this project?!

Before we start — let’s look at what Binary Options are. Binary Options sites are marketed to the same demographic who gamble online — unfortunately they represent themselves as a form of investing. They promise huge returns with little every hour, even though the odds are ALWAYS in the houses favour. Essentially you choose anything that is publically traded and you make a bet on whether or not that stock will increase or decrease in a very short period of time. If you’re wrong, you lose everything. Binary Options are usually an all or nothing bet. The issue with traditional Binary Options is not what the individuals are betting on, it’s the marketing and verbiage used to convince people that they have some control over the outcome of their results by being well educated, informed citizens, constantly reading charts, staying up to date on news etc.

Now — imagine combining this horrible manipulative market with an ICO, isn’t that horrible?

Surprisingly, no.

Betex does Binary Options the right way.

Betex has no illusion as to what the Binary Options market is, betting — plain and simple. They realize that gambling is OK as long as the people who are participating in it, understand what they’re doing. Betex sets up their platform as a peer-to-peer platform allowing individuals to place bets on binary Options against their peers (not the house). Betex simply acts as a service provider delivering a platform and using the service fees collected from user engagement as the sole means of operational revenue. They gain absolutely nothing from individuals winning or losing binary option bets and have completely removed themselves from any liability by only allowing fellow peers to bet against each other. They openly advertised themselves as a betting platform and will obtain all required licensing to operating a gambling/betting entity in their jurisdiction.

Leveraging the power of Blockchain technology, Betex will ensure all bets, options and payouts are instantaneous and transparent to all users engaged in the platform. They will implement KYC for both their crowdsale as well as their platform to ensure compliance and security of their users. At the end of the day — this is what Blockchain is meant for, both in practical use as well as in theory — leveraging an existing idea and making it better, safer, more transparent and more accessible to the user.

[Betex]

Not a lot of participants here, so it may turn out in HUGE bounty!

1 BETEX = $3 at the moment so take your chance

[Betex]

Hello BETEX team,

I’ll be happy to see you on Skatt listing platform!
You will be able to register for free and show your project to the world.
Information about our platform on BitcoinTalk.
Also you can follow us in Twitter and Telegram.

Good luck with your ICO guys!

Thanks for the heads-up!

[Flying_Soul]

Betex ICO rating is 4.3 here, not bad.

[PrinceShake]

I'm not interested in binary option usually, but I think that this project has some very interesting points. for example the idea of an totally impartial platform would be very fair and transparent. how can you ensure your users about your absolute impartiality?

[Detcom]

I'm not interested in binary option usually, but I think that this project has some very interesting points. for example the idea of an totally impartial platform would be very fair and transparent. how can you ensure your users about your absolute impartiality?

Well, with the use of blockchain it seems obvious

[Betex]

I'm not interested in binary option usually, but I think that this project has some very interesting points. for example the idea of an totally impartial platform would be very fair and transparent. how can you ensure your users about your absolute impartiality?

1. The platform is decentralized, so the smart contract will be implemented in the blockchain an is obviously immutable.
2. You can always see the smart contract source code and measure the transactions made to and by it.
3. The contract makes its decisions on fully disclosed information (i.e. exchange rates), so if it would perform incorrectly, this information would have become public by scammed users in a matter of hours

[Betex]

Five killing features of Betex you should search in any ICO



Written by Kos Chekanov

As a co-owner of a design agency, I helped to launch an extensive record of businesses. I learned to appreciate thoughtful projects with ingenious ideas and capacity to transform conventional practices. Projects that are destined to become the new black

I feel more than lucky to collaborate with Betex. Yes, it’s an ICO and it changes the whole perception of binary options. Here’s a list of five things that I highlight for myself in ICO projects and how they perform in Betex.

Comprehensive structure
There is apparently more to this project than few enthusiasts with a slapdash whitepaper. What strikes me the most about Betex is how thoroughly thought-out every aspect of this project is — from its underlying concept through product features and design to business model and strategy.

Transformational concept
Committed to eliminating the issue of trust, Betex was the first and only to introduce provably fair conditions and incorruptible environment to the binary options market. Through a human-centered approach to technology, they offer its users exceptionally peer-to-peer betting experience, thereby, reinventing financial derivatives for good.

User-centered product
To translate such a complex concept not only into a clear message but also into a fully-functional product, unlike most blockchain-based, Betex made a significant investment in design and development. I firmly believe that implementing leading-edge design principles for decentralized applications to build an intuitive, user-friendly interface soon will prove to be a significant strategic decision, affecting overall progress of the platform.

Elaborate investment opportunities
Undoubtedly, the idea itself along with the approach to its realization would have been enough to attract investors. And yet, Betex offers unparalleled investment opportunities, making its business model simply brilliant. Ultimately, for contributing to the project, investors are entitled not only to potentially tradeable tokens but a genuine source of effortless income. 2.5% commission from overall platform turnover will be distributed among Betex token holders. It’s like to find a goose that infinitely lays golden eggs

Effortless income
The thing is Betex profits profit from collecting a service fee from its users. 50% of those earnings will be distributed among token holders, proportionally to the number of tokens they have in possession. In other words, the greater contribution you make, the more significant chunk of service commission you will receive. Meaning, every new active user on the platform will instantly increase your earnings.

It’s that simple. It makes sense.

[Dimmy_Angelis]

Is available russian version of this theme?

[Betex]

Is available russian version of this theme?

Nope, English only. But if you need any assistance, you can PM this account, we'll sort it out.

[PrinceShake]

I'm not interested in binary option usually, but I think that this project has some very interesting points. for example the idea of an totally impartial platform would be very fair and transparent. how can you ensure your users about your absolute impartiality?

1. The platform is decentralized, so the smart contract will be implemented in the blockchain an is obviously immutable.
2. You can always see the smart contract source code and measure the transactions made to and by it.
3. The contract makes its decisions on fully disclosed information (i.e. exchange rates), so if it would perform incorrectly, this information would have become public by scammed users in a matter of hours

I think that point 3 can answer my question. I don't know if impartiality can fully solve the problems in binary option ecosystem, but yours remains an interesting proposal.

[Betex]

I'm not interested in binary option usually, but I think that this project has some very interesting points. for example the idea of an totally impartial platform would be very fair and transparent. how can you ensure your users about your absolute impartiality?

1. The platform is decentralized, so the smart contract will be implemented in the blockchain an is obviously immutable.
2. You can always see the smart contract source code and measure the transactions made to and by it.
3. The contract makes its decisions on fully disclosed information (i.e. exchange rates), so if it would perform incorrectly, this information would have become public by scammed users in a matter of hours

I think that point 3 can answer my question. I don't know if impartiality can fully solve the problems in binary option ecosystem, but yours remains an interesting proposal.

Not all problems, naturally, but we leave room and possibilities in the code for further improvements. We better perfectly close one problem and then work on an other than just present the old and same problematic thing with a few conflicting patches

[KilderSauce]

Hello.
I am from Hungary. Am I allowed to participate?

[svv]

Hello bounty manager!
The company ends on 03/15/2018. Is it true or not?
Answer please.
Thank you.

[Detcom]

Hello.
I am from Hungary. Am I allowed to participate?

Why shouldn't you?

[Betex]

Hello bounty manager!
The company ends on 03/15/2018. Is it true or not?
Answer please.
Thank you.

No, that's not true. Where did you get that?

[Betex]

You can help Betex growth by upvoting it at CoinSchedule!

Vote HERE to support Betex!

[rikksay]

how can I join the campaign on social media , let me know how participation ,I am sure this project is very good and promising

[Betex]

how can I join the campaign on social media , let me know how participation ,I am sure this project is very good and promising

Just follow the link in OP to the bounty thread