Betex was built with a mission of bringing clear-cut transparency to the financial derivatives markets as well as creating brand new instruments that would finally put an end to obsolete shady schemes. So now we are proud to introduce our leading-edge platform for peer-to-peer binary options, powered with Ethereum smart contracts.
Binary Options is a financial derivatives instrument that requires traders to correctly indicate the price movement direction for the underlying asset at a given point of time in the future. The forecasting horizon can vary from a few minutes to several months.
Thousands of brokers and traders worldwide were massively employing this instrument back then. It was greatly favored for the simplicity of concept and high chances of success. The industry was experiencing exponential growth until 2014, reaching over $30 billion in its annual turnover. But something went wrong there.
In the following years, regulators from all over the world have been making rather strong statements, claiming that binary options is a deceit and discouraging traders to get involved. Evidently, a great concept behind Binary Options has been ruined by shady, dishonest brokers, their lust for gain and the fact that there are limitless possibilities for them to deceive their customers.
We have got good news for you, though. We are launching a revolutionary peer-to-peer platform for binary options, BETEX, that will substantially improve the way betting is done. We designed a radically new business model to shift user mindset from worrying about the integrity of platform providers to focusing on own capacity to make profit.
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.
Plans and objectives
One of the fundamentally important tasks for us is the relaunch of an existing market with a new technological groundwork through introduction and implementation of an honest, transparent and comprehensive business model, as well as all of its requirements.
Dominating the market niche along with brokers, who engage with our platform by basic principles of the White Label is another critical goal to achieve. We aspire to become the primary force directly driving the declining market for binary options. We have come to a realization that there couldn‟t be a better time to begin with anything due to the crazy pace of life.
We believe that our business model is, by all means, better than all the existing ones put together, clearly, within this market. What we are experiencing today are those changes that will be heavily integrated by general markets in a year or so.
Brokers who can see the upcoming transformations, already start getting used to transparency on all levels of life and learn to find the 2% commision fine. And not because they enjoy this much but because if they cannot keep up, they‟ll get extinct pretty soon, just like Nokia or Kodak.
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