BETEX BETEX (BETEX)

Description:

Powered by Ethereum smart contracts, Betex brings indisputable transparency, fair conduct, and audible results to the binary options trading. 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. Users will be forming one large common pool of liquidity for each underlying asset in order to maximize users' gain. The platform's commission will be 5% only, the liquidity will be derived from a common pool of brokers, and brokers themselves will integrate into the platform via the white label mechanism. This is the only platform, where as much as 95% of funds are distributed among traders who make correct assumptions. 2.5% (half of the platform's commission 5%) of the total platform turnover will be distributed among the holders of BETEX tokens, accordingly to the number of tokens they own.

Category: ❖Trading & Investing
Hype: Low
Rating: 3.0/10
Project Type: Token
Platform: Ethereum
Location: Hong Kong
Total Supply: 3,000,000 BETEX
Soft Cap: $1,000,000
Hard Cap: 9,000,000 USD
ICO Price: 3.0000 USD
Accepting Currency: ETH
Restricted Countries: Iraq, Somalia, Korea, Syria
Fund Distribution:
  • 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.
Coin Distribution:

We will distribute all the unsold tokens among participants of the Pre-sale Round 1, the Pre-sale Round 2 and the Main Token sale on pro rata basis. Therefore, demand will define the final price for every participant, which is fair enough. It is like an auction. Distribution will be done automatically by the smart-contract once the token sale ends

Start Date

February 22nd 2018 00:25 UTC

Days Hours Minutes Seconds

End Date

April 15th 2018 00:00 UTC

Days Hours Minutes Seconds

Team

Oleg Torkhov

Co-founder & CEO

Mykhailo Tiutin

Co-founder & CTO

Kostiantyn Kliuiev

VP of Engineering

Mykhailo Savchuk

Blockchain & Back-end Developer

Advisers

David Drake

Kos Chekanov

Alexandr Kerya

Alexandru Radulescu

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