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

[Betex]

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:

https://betex.io/

 

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[Betex]

Architecture of Betex Smart Contracts
https://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.

[Betex]

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!

[Fabsquire]

Is there a way that we can see how much the platform is being used already? Active online users or amount of money being put into binary options?

[minernoob1]

What is happening with this? I got some really low buy order other day idex, but now no volume at all. I guess what i thought was low buy order maybe was not even low. I was just basing off ico price. If anything is going on the betex site you guys should be posting here and places otherwise this may just get forgotten.


Posts like: Today we had 3000 people place over 5000 binary option bets with the top % earning over $5000 profits.

^ Would be very good.

[theinvestdude]

What is happening with this? I got some really low buy order other day idex, but now no volume at all. I guess what i thought was low buy order maybe was not even low. I was just basing off ico price. If anything is going on the betex site you guys should be posting here and places otherwise this may just get forgotten.


Posts like: Today we had 3000 people place over 5000 binary option bets with the top % earning over $5000 profits.

^ Would be very good.

This is not a pump and dump coin and the current market is already out of betex hands, If you cannot wait for the price valuation in the future you can sell at loss and move on.

[minernoob1]

What is happening with this? I got some really low buy order other day idex, but now no volume at all. I guess what i thought was low buy order maybe was not even low. I was just basing off ico price. If anything is going on the betex site you guys should be posting here and places otherwise this may just get forgotten.


Posts like: Today we had 3000 people place over 5000 binary option bets with the top % earning over $5000 profits.

^ Would be very good.

This is not a pump and dump coin and the current market is already out of betex hands, If you cannot wait for the price valuation in the future you can sell at loss and move on.

whoa ease up big man. I just mean they need to be more transparent and active.

[minernoob1]

It is all well and good posting data about the tech. But what I think a lot of investors want to see is posts about results.

[Betex]

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.

Join us https://betexlab.com

[Fabsquire]

What is happening with this? I got some really low buy order other day idex, but now no volume at all. I guess what i thought was low buy order maybe was not even low. I was just basing off ico price. If anything is going on the betex site you guys should be posting here and places otherwise this may just get forgotten.


Posts like: Today we had 3000 people place over 5000 binary option bets with the top % earning over $5000 profits.

^ Would be very good.

This is not a pump and dump coin and the current market is already out of betex hands, If you cannot wait for the price valuation in the future you can sell at loss and move on.

whoa ease up big man. I just mean they need to be more transparent and active.

Of course it's early days for the project but it could be a consideration for the team to maybe make a blogpost soon to tell the investors how the first weeks of action on the platform are going. I for instance would find it interesting to know how much people are using Betex at the moment approximatly!

[minernoob1]

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.

Join us https://betexlab.com

Yay more info about tech no one really cares about and another picture thats not large enough to even read. Yay



edit: yay

[Betex]

Use betexscan.io for faster and more comfortable viewing of SBT transactions. Read more: https://t.co/eLY4oLXf0O

[Betex]

Betex Launches the Platform Telegram Community

While 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.

[Betex]

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.

Know more: https://betexlab.com

[piebeyb]

in just a few days Betex is added to tokenjar and IDEX but does not get strong volume and purchasing power there, so what this project really fails and does not attract merchants to benefit here, I'm happy to get exciting news here to get a strong buying power in other trading sites later

[Betex]

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.

Read more on Medium: https://goo.gl/xAaUAt

[theinvestdude]

in just a few days Betex is added to tokenjar and IDEX but does not get strong volume and purchasing power there, so what this project really fails and does not attract merchants to benefit here, I'm happy to get exciting news here to get a strong buying power in other trading sites later

Every other coin specially the new startup coins is suffering a low volume and below ICO price trading price due to the Bearish  market that is happening in the last few weeks,

But many traders are speculating that the bull run will start anytime and many coins will benefit on the next BTC pump.

[Betex]

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.

Read more: https://betexlab.com/betex-wp.pdf

[minernoob1]

in just a few days Betex is added to tokenjar and IDEX but does not get strong volume and purchasing power there, so what this project really fails and does not attract merchants to benefit here, I'm happy to get exciting news here to get a strong buying power in other trading sites later

Every other coin specially the new startup coins is suffering a low volume and below ICO price trading price due to the Bearish  market that is happening in the last few weeks,

But many traders are speculating that the bull run will start anytime and many coins will benefit on the next BTC pump.

Low volume, and NO volume are pretty different. It seems like no one has reason to buy this coin. If they really sold 4 million dollars worth in ICO, you would think some of the buyers would be working the markets, at least a little, to buy tokens much cheaper than they paid in ico. But, this does not seem the case so it make me  skeptical of actual ico results 

[theinvestdude]

Low volume, and NO volume are pretty different. It seems like no one has reason to buy this coin. If they really sold 4 million dollars worth in ICO, you would think some of the buyers would be working the markets, at least a little, to buy tokens much cheaper than they paid in ico. But, this does not seem the case so it make me  skeptical of actual ico results 

There's no buy support and no one is selling cheap that's why.

AS for the ICO results no one really knows the exact figure on how much they really raised during the ICO sale. But kudos to the team, they still working on their platform even the current market performance.