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

[Betex]

BETEX vs. Standard Brokers

Binary options trading has taken a lot of heat in recent years. What was once a promising industry has now stagnated because of high-profile scams and a widespread lack of accountability. Advances in blockchain technologies offer solutions, which could turn the fledgling industry into a powerhouse. To do this, the industry needs integrity. Traders must be able to trust that the system is equitable. Betex Lab limited has created a platform that solves the trust problem that has burdened the binary options industry.

Betex uses an innovative business model characterized by peer-to-peer binary options trading and unprecedented levels of market transparency and fairness. They key difference is that traders bet solely against each other; never against brokers. The model relies on Ethereum smart contracts. The following review will discuss the differences between Betex and standard brokers. It will also provide an overview of the betting process and the initial coin offering.

Comparison Between Betex And Traditional Binary Options Trading
Transparency
Blockchain technology allows information about prices, available assets, and market depth to be accessed by anyone at any time on the Betex platform. This transparency is important to making the trading run efficiently. Traditional trading systems, like Forex, lack transparency. This presents several obstacles. It puts investors in a position where they need to form bonds of trust with trading partners. A lack of transparency also makes it difficult to verify transactions and limits the productivity of the market. Transparency issues can also linvite scams.

Provable Fairness
With standard brokers, the broker takes part in the betting process. This gives them an incentive to make sure the results of the bet work in their favor. Betex does not bet. Instead, it collects service fees that do not change no matter what the outcome of the bets are. Therefore, they have no reason to manipulate the results of the bets. This means you can trust that the betting process is fair in a way you cannot with most other trading platforms.

Instant Payouts
Withdrawals typically take days to go through when it comes to traditional brokers. Because Betex uses smart contracts, payouts are released immediately into your Ethereum wallet. The whole process happens automatically. This is a clear advantage over other trading platforms. No one wants to wait a week or more for a payout when they can have instant gratification. In addition, many of the other trading platforms only allow for one free withdrawal a month. Otherwise, you have to pay for withdrawals. You do not have to worry about that with Betex.

No Deposits
Platform users have access to all the operations and benefits Betex has to offer without having to deposit funds into the system. This means you do not have to worry about transaction fees, and you do not have to go through the hassle of making deposits. Most of the popular binary options trading services out there require a minimum deposit anywhere between $5.00 and $10.00. Some even require a deposit of $200.00 or more. Meanwhile, your maximum return could be as low as 80%.

Greater Control Over Your Money

One of the clearest benefits of the Betex platform is that users have significantly more control over their money. When you go through a regular broker, there is always a risk that scammers could end up robbing you of your money. With Betex, you do not have to worry about this. The platform was specifically designed as a solution to the scamming problem associated with traditional binary options trading. This is especially important because the industry is full of unregulated brokers and even the regulated brokers cannot fully be trusted. For instance, the broker could go out of business and abscond with your cash.

 

Limits
Another problem that arises with traditional binary options trading is that brokers are not going to pay up if you are lucky enough to consistently win large sums of money. They will find a way to limit you, either by restricting trade size or limiting bet exposure. The blockchain-backed Betex eliminates this problem.  On the Betex platform, the users constitute a common pool of liquidity. Once the result of a bet comes in, 5% of the total bets goes to the commission. The remaining 95% is distributed across the winners who accurately predicted the price movement. This will always be true.


The Betting Process

The process is simple. As a trader, you select a trading pair. You will also hear the trading pair referred to as an asset. Once you have chosen a trading pair, you select a trading interval. You will have your choice of six time intervals. Next, you will select the amount of money you want to bet. The last step is to predict which direction the price will move (call or put).

Brokers can engage with the platform via the White Label solution. The mechanisms and systems of the Betex platform can be implements on the broker’s own domain. Betex will also provide them with technical support.

The betting process is facilitated by an easy-to-use user interface. You can see how simple the platform is to use with this live preview:

Conclusions
Betex revolutionizes binary options trading. The company found a way to use Ethereum smart contracts and advances in blockchain technologies to resolve the dishonest and unfair trading mechanisms that threatened to wreak havoc on the industry. By restoring the trustworthiness and reliability necessary to maintain an efficient trading system, Betex is in a position to bring new life into the industry of binary options trading. Moreover, it is the only trading platform of its kind where 95% of total bets are distributed across users who made correct asset predictions. This is your chance to be a part of groundbreaking movement that could change the industry as we know it.

 

https://cryptoorders.com/articles/betex-versus-standard-binary-options-brokers/

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[Detcom]

So, who's already tried the MVP?

[Betex]

Beta platform is up and running for a 2 weeks already on https://betex.io 
You can exchange real ETH to SBT and place bets. Betex team working now to launch actual platform soon as possible. Exchanges will be soon but after the actual start of platform.

[theinvestdude]

Beta platform is up and running for a 2 weeks already on https://betex.io 
You can exchange real ETH to SBT and place bets. Betex team working now to launch actual platform soon as possible. Exchanges will be soon but after the actual start of platform.

Thank You for the updates...

Bounty Payments will be processed by may 20 or its just the day that you will start distributing the bounty?

And when the platform launch can we use Betex tokens on betex platform?

[LegendaryMemberArt]

Limits
Another problem that arises with traditional binary options trading is that brokers are not going to pay up if you are lucky enough to consistently win large sums of money. They will find a way to limit you, either by restricting trade size or limiting bet exposure. The blockchain-backed Betex eliminates this problem.  On the Betex platform, the users constitute a common pool of liquidity. Once the result of a bet comes in, 5% of the total bets goes to the commission. The remaining 95% is distributed across the winners who accurately predicted the price movement. This will always be true.

This is really the right decision . Now a lot is being done to make traders have as little profit as possible . Your project looks very good .Wish you luck

[theinvestdude]

Its may 20 now Congrat's to all betex bounty participants, we will now get paid for our hardwork.

I just hop everything will flawless with their automatic mass payment for all bounty participants and hoping no issues will be encounter during the process.

[mpufatzis]

Is it possible, someone to inform us what to do in order to get paid for the bounty campaign?
Is nobody informing us?
Do we have to register?

[Betex]

Update on Betex Airdrop and Bounty Payouts

Due to technical difficulties we have to postpone the automated payout of airdrop and bounties until May 30th, 2018. To compensate the unforeseen delay we will increase each and every balance by 10%.

To receive tokens all participants will be asked to perform the following simple steps:

• Sign up at the bounty cabinet. Only your email will be required;
• Confirm your email;
• Enter your ETH wallet address that you have used for participation in the bounty or airdrop. Please be aware that there is no point to state any other address as you’ll not be able to confirm it and receive the payout;
• Send a confirmation transaction to bounty smart contract address from your address to initiate the payout process. Transaction cost for you is expected to be up to 0.005 ETH depending on the load of Ethereum network. This small amount will be used by the bounty smart contract to check your eligibility for receiving a payout and to cover BETEX token sending transaction fee. Betex or its developers will not receive anything from this cost of transaction.

The link to the bounty cabinet will be published on May 30th, 2018.

Thank you for taking part in the Betex bounty campaign, and please feel free to follow our media outlets for more news.

[Loopper]

Update on Betex Airdrop and Bounty Payouts

Due to technical difficulties we have to postpone the automated payout of airdrop and bounties until May 30th, 2018. To compensate the unforeseen delay we will increase each and every balance by 10%.

To receive tokens all participants will be asked to perform the following simple steps:

• Sign up at the bounty cabinet. Only your email will be required;
• Confirm your email;
• Enter your ETH wallet address that you have used for participation in the bounty or airdrop. Please be aware that there is no point to state any other address as you’ll not be able to confirm it and receive the payout;
• Send a confirmation transaction to bounty smart contract address from your address to initiate the payout process. Transaction cost for you is expected to be up to 0.005 ETH depending on the load of Ethereum network. This small amount will be used by the bounty smart contract to check your eligibility for receiving a payout and to cover BETEX token sending transaction fee. Betex or its developers will not receive anything from this cost of transaction.

The link to the bounty cabinet will be published on May 30th, 2018.

Thank you for taking part in the Betex bounty campaign, and please feel free to follow our media outlets for more news.

I don't understand your explanation of the payment we have to make to get my token. This will be a lot of questions for everyone?

[ruli stylon]

Update on Betex Airdrop and Bounty Payouts

Due to technical difficulties we have to postpone the automated payout of airdrop and bounties until May 30th, 2018. To compensate the unforeseen delay we will increase each and every balance by 10%.

To receive tokens all participants will be asked to perform the following simple steps:

• Sign up at the bounty cabinet. Only your email will be required;
• Confirm your email;
• Enter your ETH wallet address that you have used for participation in the bounty or airdrop. Please be aware that there is no point to state any other address as you’ll not be able to confirm it and receive the payout;
• Send a confirmation transaction to bounty smart contract address from your address to initiate the payout process. Transaction cost for you is expected to be up to 0.005 ETH depending on the load of Ethereum network. This small amount will be used by the bounty smart contract to check your eligibility for receiving a payout and to cover BETEX token sending transaction fee. Betex or its developers will not receive anything from this cost of transaction.

The link to the bounty cabinet will be published on May 30th, 2018.

Thank you for taking part in the Betex bounty campaign, and please feel free to follow our media outlets for more news.

I don't understand your explanation of the payment we have to make to get my token. This will be a lot of questions for everyone?

I also do not understand, pay 0.005 to claim a gift, it's like a cibus.And finally the price is cheap, token was worth no price.
from the date of 3-10 will be distributed, postponed again on 20. And now delayed again the 30th with the cost of 0.005 ether.If not paying then the tokens will not be paid. Obviously this is burdensome all participants.
It's as if the betex party does not want to pay .. Successful project but ignore bounty participants.

[Suke_Teki]

Update on Betex Airdrop and Bounty Payouts

Due to technical difficulties we have to postpone the automated payout of airdrop and bounties until May 30th, 2018. To compensate the unforeseen delay we will increase each and every balance by 10%.

To receive tokens all participants will be asked to perform the following simple steps:

• Sign up at the bounty cabinet. Only your email will be required;
• Confirm your email;
• Enter your ETH wallet address that you have used for participation in the bounty or airdrop. Please be aware that there is no point to state any other address as you’ll not be able to confirm it and receive the payout;
• Send a confirmation transaction to bounty smart contract address from your address to initiate the payout process. Transaction cost for you is expected to be up to 0.005 ETH depending on the load of Ethereum network. This small amount will be used by the bounty smart contract to check your eligibility for receiving a payout and to cover BETEX token sending transaction fee. Betex or its developers will not receive anything from this cost of transaction.

The link to the bounty cabinet will be published on May 30th, 2018.

Thank you for taking part in the Betex bounty campaign, and please feel free to follow our media outlets for more news.

I don't understand your explanation of the payment we have to make to get my token. This will be a lot of questions for everyone?

yes, I also feel confused with the rule of having to pay 0005 ETH to get the token bounty, this looks less professional for a successful project. as long I join the bounty campaign this is first time finds the rules to pay the transfer fee.

[RomanBuhlaev]

I think this is SCUUUUM

[robertwelain]

What's a problem to send 3 dollars as a confirmation to get tokens?
And come on, how it can be scam, if bounty hunters don't pay anything?

[minernoob1]

What's a problem to send 3 dollars as a confirmation to get tokens?
And come on, how it can be scam, if bounty hunters don't pay anything?

There were supposedly 40,000 bounty participants though.  if they collect 0.005 eth from each of us, that is fucking 200 eth, or $136,000(over 5% of their supposed ICO results) that they expect to collect from the bounty participants. This is ridiculous, I have never heard of such bullshit. They could get us to just sign our addresses free, or even better just send the fucking tokens free. But instead they want to try to collect an insane amount of money for their shitty platform from the workers they hired, to help them make it where they are.

[Betex]

Betex Block Explorer and Other Platform Updates

Currently Betex platform is almost ready for launch but being in a Beta testing stage allows us to deliver the newest platform updates to traders much faster.

We have launched betexscan.io — a dedicated block explorer that you can use to review any SBT transactions and wallet balances to make sure that all betting process is fair. We believe that it speeds up the research of SBT movements and increases overall transparency level of Betex platform.

On the Betex platform itself, we have added two links near every transaction ID in the list. The first opens the transaction in betexscan.io, and the second one copies the transaction ID to the clipboard to make it easy to review SBT transaction in any other block explorer you may use.

We are also improving our service by launching a ticket support system that is now available on the platform. Press the ‘Open new ticket’ button on the right side of dashboard screen to submit any bug, problem or suggestion directly to our support team. With this form, you can also attach screenshots and your browser’s diagnostic data to speed up the reviewing process in case of a problem.

We’re keeping on further improving of the platform with new features to be released soon. If you have any suggestions, please feel free to send it using any our communication channels, so we could have a feedback from our platform’s users to make Betex even better.

https://medium.com/@betex/betex-block-explorer-and-other-platform-updates-d670eac827b7

[Naes]

I've studied the road map and I'm pleased to see that the work will be done in a short time, compared to other projects.

[Ais08]

I will wait for it to really look good, with beta testing being done by the team, at least it will make everyone run with the kindness provided by the project for all of us, hopefully no more delay for the distribution of bounty funds, existing on the project ...

[RomanBuhlaev]

What's a problem to send 3 dollars as a confirmation to get tokens?
And come on, how it can be scam, if bounty hunters don't pay anything?

it looks like this: you get paid, and they tell you, first give us the money to get what you earned

[RomanBuhlaev]

why did you delete your group in telegram?

[robertwelain]

There were supposedly 40,000 bounty participants though.  if they collect 0.005 eth from each of us, that is fucking 200 eth, or $136,000(over 5% of their supposed ICO results) that they expect to collect from the bounty participants. This is ridiculous, I have never heard of such bullshit. They could get us to just sign our addresses free, or even better just send the fucking tokens free. But instead they want to try to collect an insane amount of money for their shitty platform from the workers they hired, to help them make it where they are.

40000 participants, 40000 transactions.
I don't see any problem to set $3 to the blockchain to get some tokens, that will cost nearly $50 in the future.