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January, 14th, 2018, Hong Kong, — Betex, the blockchain P2P binary options platform, has successfully sold 100% tokens in the first pre-sale round with $1,000,000 raised. The company is bringing transparency and fairness to the financial derivatives trading through the use of Ethereum smart contracts and letting the users bet against each other in a peer-to-peer way. The second pre-ICO round is now open for qualified investors until January, 31st.
Betex is the only platform where as much as 95% of funds are distributed among traders who succeed. As a platform provider, Betex cannot engage in betting, which makes the process unbiased and immutable. Betex only profits from collecting service commission of 5% (thereby, 2.5% are transferred to the holders of BETEX tokens).
The model of Betex is claiming to return credibility to the binary options market and has many key advantages compared to the traditional models. Thus, Betex users get instant access to all of its functions and features without having to make any kind of deposits first. Moreover, the payments are automatically released by smart contracts straight to the users’ ETH wallets, ensuring immediate withdrawals without delays or cancellations. Finally, users are forming one large common pool of liquidity for each underlying asset in order to maximize the overall gain. In order to clearly demonstrate the concept, Betex has already developed 2 MVPs. There are 3 trading pairs and 6 trading intervals available within the MVP framework.
With the aim to attract funding for active development and promotion of the project, Betex is holding an ICO campaign, carried out in 2 preliminary stages and 1 main token sale stage. The tokens will be issued in accordance with SAFT agreement after the pre-sale, once they are generated and registered with SEC. Only qualified investors who have completed the KYC/AML check have access to the BETEX token pre-sale rounds. The first round has already been completed with $1,000,000 raised. 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:
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