Betex-Platform for P2P financial derivatives trading
What Is Betex ?
Betex is a leading-edge platform for P2P financial derivatives trading. It enables users to place bets on future changes against each other,visit https://betexlab.com/
Mission
Betex is on a mission to bring clear-cut transparency to all financial markets and, that can conclusively eliminate the issue of trust.
Betex Ecosystem
Basically, you can access and interact with Betex ecosystem, being a:
1.Trader
Betex for Traders (Bettors)
Users can access and interact with Betex via:
Web-based interface — ready;
Mobile applications — in development;
Desktop applications — in development;
2.Investor
Betex for investors
Investors can interact with the platform through their personal dashboard where both platform‘s general and investor's personal statistics will be stored.After the main BETEX Token Sale (01.03.2018-31.03.2018) BETEX token holders will be receiving their share of the platform's profit made on commission (see section 7.3 for details).Number of tokens they own will directly definem their share of the aggregate amount of distribution made to token holders.
3.Broker
Betex for Brokers
In the first quarter of 2018, brokers will be offered a ready-to-use solution allowing engaging with the platform by a known White Label principal. In other words, it will be possible to quickly implement all the mechanisms and systems of our platform with a broker‘s own domain and user base. Also, Betex Lab Limited, as a developer of the platform, will provide consultations and technical support.
Distribution of the Common Pool
The Betex platform earns on commissions from each transaction (bet). The commission is 5% of the
amount of each transaction (bet). The distribution of the total amount of transaction (bet) funds, including the commission income, is presented below.
▸ 95% of the turnover will form the reward fund for traders. These funds will be paid out to traders automatically, once each round is over.
▸ 2.5% of the total platform turnover will be distributed among the holders of BETEX tokens, according to the number of tokens they own.
▸ 2.0% will be granted to the brokers, connected to our platform. Payments for the referrals will be deducted from broker‘s commission.
▸ 0.3% will go to the permanent contributions to the project‘s development fund. A year after the commercial launch, the project should break even.
▸ 0.2% of the platform‘s turnover will be transferred to the reserve fund. Its regular refill (from each transaction) will cover unexpected costs, if they arise,https://bitcointalk.org/index.php?topic=2518678.
Betex token sale starts on March 1st, 2018
Start of ICO:
01.03.18 at 12:00 GMT
End of ICO:
31.03.18 or 3,000,000 of BETEX tokens are sold out
ICO BETEX token price:
$3.00
Max amount of tokens to be sold:
3,000,000 out of 10,000,000 (30%)
ICO hard cap:
$ 9,000,000
Min purchase amount:
0.5 ETH or 0.05 BTC
Betex Token
BETEX is the main token in the system. 50% of the platform‘s commission income is distributed among BETEX token holders in ETH. BETEX is issued once in the amount of 10,000,000 tokens.
After that, its quantity remains constant. Two pre-sale rounds of BETEX token sale under the SAFT (Simple Agreement for Future Tokens) are successfully completed. The profit received between the launch of the platform and the actual distribution of BETEX tokens, will be accumulated on the public Ethereum address and will be distributed among BETEX token holders during 2 weeks or less, after the distribution event is over. Distribution of BETEX tokens is planned to take place in April of 2018,Please visit https://betexlab.com/betex-wp.pdf
Betex Tokens Distribution
Roadmap
Betex project has been under development for more than a year so far. During this time, the project
has overcome a long way from an idea to an MVP.
Before the result was achieved, there were many iterations, each out of which allowed to improve the
features of the platform. This process continues even now. At the moment, the website with the project description (https://Betexlab.com) is live. Two samples of the MVP platform in the test net are launched and can be found at https://Betex.io and https://GoBet.io. Two copies of the platform are needed to demonstrate the concept of a common liquidity pool. Within the MVP, the design of the web interface, smart contracts, and platform architecture are developed. The hardware infrastructure is based on the Amazon Web Services. Three trading pairs (BTC/USD, ETH/USD, BTC/ ETH) and 6 time intervals, lasting from half an hour to a week, are launched.
Future development
The Betex development strategy is aimed at an active development of the platform, continuous improvement of its features, introduction of new services, development of the ecosystem, and attraction of new users.
We currently estimate the key stages of the project development to be as follows:
2017 Q4
╶ Launch and testing of the p2p binary options platform (MVP) in the test net;
╶ Pre-sale of BETEX tokens in accordance with SAFT or similar agreements;
╶ Audit of the platform‘s smart contracts;
╶ Web interface design of the section for p2p sports betting;
2018 Q1
╶ Addressing special regulatory/licensing requirements that may be applicable in the relevant
jurisdictions;
╶ Commercial launch of Betex, the p2p binary options platform;
╶ Development of the available trading pairs list;
╶ Launch and testing of the MVP‘s section for p2p sports betting in the test net;
╶ Development and testing of the mobile app for Android/iOS;
╶ Development and testing of the desktop client application;
╶ Development of a section with statistics;
╶ Development of a personal cabinet for BETEX token holders;
2018 Q2
╶ Commercial launch of the section for p2p sports betting;
╶ Connection of the first brokers to the platform;
╶ Development of an API for trading bots;
╶ Launch of the mobile app for Android/iOS;
╶ Running the desktop client application;
╶ Generation of BETEX tokens;
╶ Distribution of BETEX tokens among pre-sale participants;
╶ Distribution of the accumulated profit among owners of BETEX tokens;
2018 Q3
╶ Compliance with regulatory/licensing requirements that may be applicable in the relevant
jurisdictions to the main stage of BETEX token sale;
╶ The main stage of BETEX token sale;
╶ Development and connection of the FIX API;
╶ Development of the section for p2p betting on irregular events;
2018 Q4
╶ Network scaling and/or transfer to a more efficient blockchain;
╶ Launch of the section for p2p betting on irregular events;
2019 Q1
╶ Global market expansion & adaptation;
╶ Project‘s break even.
Please visit the link below :
Website : https://betexlab.com/
ANN Thread : https://bitcointalk.org/index.php?topic=2518678
Whitepaper : https://betexlab.com/betex-wp.pdf
Telegram : https://t.me/betex_ico
Twitter : https://twitter.com/betex_tokens
Medium : https://medium.com/@betex
Bitcointalk Username : chaukhchi
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1370037
Eth Wallet Address : 0x8725Dcd3B510ef1bB8Ea5b86Eb361Df93155DBe5
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