Betex- an ultimate platform for financial derivatives trading
A trader can foresee the right value of any asset at any point of time in future using a binary option which is an instrument for financial derivates trading. It let them make money by providing the right direction instead of buying the asset. There are only two options possible in the price forecast-either the price will increase or decrease. On making correct assumption traders can gain huge profit. However, the trend of using these binary options is no longer popular nowadays. A betex model is prepared Seeing the underlying problems and limitations of these options.
What is the solution and benefits from a Betex model?
Betex model is a platform for traders where they can place bets. These bets can be placed on future changes in the price movement of an asset. However, don’t assume that the platform is made for betting purpose as it is only designed to improve the correctness of their price assumption. It uses blockchain technology that offers real-time data. The availability of data in real time ensures the transparency of system which is very crucial for traders.
• The platform provider gains no benefit from the outcomes of bet that traders made. They don’t even take part in betting although they charge fees for placing bets via their platform.
• Traders don’t have to make any initial deposit to use betex. Also, they don’t have to wait for long for withdrawal of funds as they are automatic. To make the process automatic, they use smart contracts.
• The provider offers rewards for the traders who make accurate future changes. The reward is the 95% of the funds which is a huge amount. The success of any trader is determined by a ratio of correct and incorrect results.
• The traders can trust the accuracy and authenticity of results as in case of any mistake the provider and broker both will admit or justify their mistake.
• The ERC20 token that is the stable standard is used for trading. This is stored in blockchain that can be accessed in real time. Also, the data is prevented from any alteration or changes due to the use of an open source platform.
• The half of the profit earned by the providers will be shared between the token holders. The rest goes to brokers.
• The value of the token is calculated through an established algorithm that is used by several open sources.
With these benefit, Betex aims to re-launch the existing market for trading. However, the market is established with the new groundwork that is based on new technology called blockchain. They aim to dominate the market. With the introduction of this platform, there is a reduction seen in the loss of traders due to the overcharged commission by brokers. But now brokers are adapted to the transparent market and also satisfied with the 2% commission from traders on their success. It is not because that’s all they need but because if they refuse to accept it, they will have to leave the market as there is no other way then Betex to stay in the market.
Official Website: https://betexlab.com/
Whitepaper link: https://betexlab.com/betex-wp.pdf
Facebook page: https://www.facebook.com/Betex-Lab-108138139938618/
Twitter: https://twitter.com/betex_tokens
Telegram: https://t.me/betex_ico
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1464621