The First P2P Binary Options Platform Powered by Smart Contracts Launches a Private Pre-Sale

The First P2P Binary Options Platform Powered by Smart Contracts Launches a Private Pre-Sale

by December 7, 2017
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Betex Lab Limited announced a crowd sale campaign for its project Betex, the first ever transparent binary options platform.

With a unique business model, the company is aiming to improve the existing derivatives’ market by using the Ethereum smart contracts. Only qualified investors who have completed the KYC/AML procedure will have access to the Betex Token pre-sale.

betex platformBetex is an innovational peer-to-peer platform for trading derivatives based on the blockchain. Initially, Betex will allow binary options trading, and add other, more complicated derivatives later on.

Contrary to the traditional platforms, Betex users bet against each other, which allows full transparency.

Betex business model allows minimizing risks regardless of the number of brokers and users.

The pool liquidity will be ensured by the general pool of all brokers who will connect to the platform via white label scheme and won’t be able to scam either the traders or the platform.95% of the pool will be distributed among the winning traders, while the commission of Betex will be 5% only (thereby, 2.5% will be transferred to the holders of BETEX tokens).

 

Oleg Torkhov

Oleg Torkhov

“Our mission is to bring unprecedented transparency to the derivatives’ market, as well as develop the new derivatives, which won’t leave any chances for the old shady trading instruments to exist,”

explained Oleg Torkhov, CEO of Betex.

“All transactions will be publicly available for any checks. No one, including the platform, will be able to influence the process.”

 

BETEX tokens will be sold according to the SAFT agreement within 3 stages:

  • BETEX Token Pre-Sale Round 1 – (04.12.2017 – 20.12.17)
  • BETEX Token Pre-Sale Round 2 – (10.01.18 – 31.01.18)
  • BETEX Token Sale – (TBA, 2018)

Betex tokens distribution

As BETEX has features of securities, it will be registered with SEC and other corresponding authorities. Moreover, only qualified investors who have passed KYC/AML procedure will be admitted to the pre-sale. BETEX tokens will be distributed to the holders after the general token sale that will be held in 2018 and announced later.

“We are aiming to attract funding of $4,750,000. is budget will cover 1 year of active development and promotion of the project,”

added Mr. Torkhov.

The platform’s MVP is already available on two websites — https://Betex.io and https://GoBet.io — which allows showing the advantages of the common liquidity pool concept. The commercial launch is planned after the testing is successfully over.

Betex white paper, together with a detailed roadmap, team, and token sale conditions are available on the official website.

 

Disclaimer: this is an article written by BETEX. Fintechnews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Fintechnews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Please note this is no investment advice.

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52 Comments so far

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  1. Rachel Turner
    #1 Rachel Turner 19 April, 2018, 23:15

    One wouldn’t really think much of this, all I really wanted to do was invest and be part of it but the way I was lied by this brokers was terrible, to easily take money from all in the name of investment and when I wanted to make withdrawals every single attempt was fruitless with constant hassle to invest more I really can’t say more than I have already said. I would really consider myself to be one of the very few lucky ones as I was able to have my funds recovered from this scam Binary option brokers, although it was through unethical means as far I am concerned but what can I care after how my hard-earned funds where taken from me, these guys are the best in less than 7days all my funds including bonuses had been recovered, If your broker lost your funds trading Binary options Geminihacks.com are more than able to get your funds back without any traces best of luck people.

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  16. lisa moore
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    I traded with 365-fx binary options. I wanted to earn some money to pay for some bills so I invested $56,000, these brokers said I will be able to withdraw about $80,000 to $90,000. The brokers calls me everyday to deposit more money, I told them all my funds are in the trading account and I can’t deposit more money anymore. They became so rude and stopped calling and also stopped responding to my messages.I wanted to withdraw and I couldn’t, they denied me access to withdraw my money. Months went by and I still couldn’t withdraw my money. I was in tears a friend told me to reach out to a certified recovery experts swift wealth recovery. I recovered back $35,000 thanks to them now i am a living testimony contact me for more info lisa4moore4all(at)gmail(dot)com

  17. Ellena
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    They are another scam because any legit company would easily pay out money the same way they easily received it, never thought binary options is a scam until they took all my money and denied me access to withdraw , i deposited $98,000 with the hope of getting more . I had to hire the services of a recovery expert/consultant BRITZ.ALEX (AT) SOLUTION4U DOT C O M to help me get my money back,which i already recovered $76,000 .

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    They are another scam because any legit company would easily pay out money the same way they easily received it, never thought binary options is a scam until they took all my money and denied me access to withdraw , i deposited $98,000 with the hope of getting more . I had to hire the services of a recovery expert/consultant BRITZ.ALEX (AT) SOLUTION4U DOT C O M to help me get my money back,which i already recovered $76,000 .

  19. James
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    I knew i had lost $224k to this company two months ago, At first I tried to do a chargeback with the bank directly, I tried to do it myself. The result was negative; the bank rejected my request and would not open the chargebacks for me (not to mention I’ve put the whole process at risk as after banks rejection I had even smaller chance to open, not to even mention winning the dispute so I suggest for people to not handle it on their own as then you might not even have a chance to get any help from professional. You can reach out and you will get help as i did contact matthewjackson @ cryptobinaryconsultant . com

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  27. leonard ford
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  40. Charles Rob
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  45. Lucy
    #45 Lucy 29 January, 2019, 08:52

    A lot of people have fallen into the schemes brokers and fake financial analysts make by making innocent people invest in binary options trading. many have gone bankrupt because of this but with the help of Asset Binary Team, a lot of them have been able to recover their investments. This is me encouraging people to go after their lost funds with AssetBinaryRecovery com

  46. scottsmith
    #46 scottsmith 31 January, 2019, 22:23

    Hello everyone I’m so happy i got my refund of 95k USD back from this heartless broker,When it comes to Binary Options, there have been quite a few examples of people who have been taken for a ride by a Broker and have lost a large amount of money and i was a victim,Many of these brokers misappropriate traders money thinking these traders will not act. Beware of where you invest in,Binary Option Scams are quite common and come down to a number of factors including improper due diligence and manipulation by the broker we should be very careful with these so called brokers,thanks to a regulated company that made my withdrawal possible and in full, I’m so grateful to them, their service was simple and i got my refund back in 4 working days… cheers friends feel free to contact him if you are experiencing similar problem of withdrawal at: Davidjerry0003@gmail.com. he will help you in recovery your money

  47. matthew
    #47 matthew 1 February, 2019, 12:29

    Hello every one please if you reading this please be very carefully with brokers. i had issues with my broker where i could’nt withdraw my funds. i had over 170$ USD stocked with an unregulated broker. i tried different solutions with no luck thanks to a regulated company that made my withdrawal possible and in full, i am so grateful to them, their service was simple and i got my refund back in four working days….cheers friend feel free to contact him if you are experiencing similar problem of withdrawal at;davidjerry0003atgmail.com he will help you in recovery your money

  48. michael barry
    #48 michael barry 5 February, 2019, 07:00

    everything felt so good and sweet until i requested for a withdrawal and things changed immediately. i kept being used around sending mails and documents and nothing worked. About a month later I read recommendations about Astra, I am glad i took time to reach him…he was quite amazing ..i got my money back in 8 days in some very amazing way. He has helped a few other people i know too so i can boldly recommend him. Feel free to reach him if you ever need his help regarding withdrawal of investing. his mail is stevenjohn2073@gmail.com I hope i am saving an innocent person from losing his/her life savings too

  49. matthew
    #49 matthew 5 February, 2019, 08:53

    Hello every one please if you reading this please be very carefull with brokers. i had issues with my broker where i could’nt withdraw my funds. i had over 170$ USD stocked with an unregulated broker. i tried diffrent solutions with no luck untill i come accross and found a friend who introduce me to a friend i contacted him and he guide me through some steps which i used to recover all my money back in a couple of 4 days.i advice you all with the same issue to contact him immidately at his personal email at;davidjerry0003@gmail.com

  50. anonymous
    #50 anonymous 7 February, 2019, 01:39

    i was one of the victims of mt. gox binary scam, i had put all my life savings in the crypto investment and one day, everything went bad, they claimed the wallet containing the coins was hacked by an hacker, and just like that i almost lost 32btc, until i read about michael veksler who was able to recover about 29 btc because btc price fell, but michael was very professional and service fees was affordable and their was a payment plan, simply scan the barcode to contact michael for help with binary options recovery.

  51. anonymous
    #51 anonymous 7 February, 2019, 01:40

    or email recovercoins@engineer.com

  52. Ella Kings
    #52 Ella Kings 6 March, 2019, 22:12

    I traded with 365-fx binary options. I wanted to earn some money to pay for some bills so I invested $56,000, these brokers said I will be able to withdraw about $80,000 to $90,000. The brokers calls me everyday to deposit more money, I told them all my funds are in the trading account and I can’t deposit more money anymore. They became so rude and stopped calling and also stopped responding to my messages.I wanted to withdraw and I couldn’t, they denied me access to withdraw my money. Months went by and I still couldn’t withdraw my money. I have reached out to a certified recovery expert CYBERGEEK2050 (@)GMAIL . com who was referred to on a post I saw on reddit and he has been able to recover all my money.

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