January 25, AtoZForex – Blockchain industry newcomer, Betex Blockchain P2P Binary Options platform has successfully launched its website back in 2017 with the goal to bring a new trend into markets. In the latest news, the company has made another step to bringing the transparency and fairness to the financial derivatives trading industry.
The team behind the project has reported that it sold 100% of its tokens during the pre-sale round. In fact, Betex has raised $1 million during the first ICO pre-sale. The second round of pre-ICO is now open for qualified investors until 31st of January.
How Betex Blockchain P2P Binary Options Platform innovates financial derivatives trading?
Betex is a Blockchain P2P Binary Options platform that aims to innovate the financial derivatives market via the use of Ethereum smart contracts. The project will enable users to bet against each other in a peer-to-peer fashion.
Following on this, Betex is the only platform, where almost 100% of funds are distributed among successful traders. Betex itself, as a platform provider, does not get involved in betting. This provides the project with a significant level of fairness. In fact, Betex only gains profit from collecting service fee of 5%, out of which 2.5% is transferred to the holders of BETEX coins.
The business model of Betex looks into reviving the credibility of the Binary Options market and provides numerous advantages in comparison to the traditional models. Therefore, Betex users are provided with an instant access to all the functions of the project without the need of making any deposits in advance.
In addition, the payments on Betex are automatically released by smart contracts directly to the ETH addresses of users. This feature ensures that there are no delays in withdrawals.
Furthermore, Betex users appear as a part of one large common pool of liquidity for each underlying asset in a bid to maximize the overall gain. In order to explain this concept, the company went ahead and developed 2 MVPs: GoBet.io and Betex.io. The MVP framework features 3 trading pairs and 6 trading intervals.
Betex ICO Review
At present, Betex is holding and ICO campaign in an attempt to attract funding for successful development and promotion of the project. The ICO campaign consists of 2 preliminary stages and 1 key token sale stage. The tokens further will be issued a per the SAFT agreement after the pre-sale, once they are generated and have the registration with SEC.
The Betex team reminds that only qualified investors who have completed the KYC/AML check can have access to the BETEX token pre-sale rounds. You can find White Paper details of Betex here. The details for the second round can be viewed below:
Start of pre-sale round 2:
10 January 2018 at 14:00 GMT
End of pre-sale round 2:
31 January 2018 at 14:00 GMT or 1,500,000 of BETEX tokens are sold out
Pre-sale round 2 BETEX token price:
Max amount of tokens to be sold:
1,500,000 out of 10,000,000 (15%)
Pre-sale round 2 hard cap:
Min purchase amount:
The main token sale will be announced soon. The commercial launch of the platform is planned for February 2018.
Think we missed something? Let us know in the comments section below.