Whitepaper
  • EXECUTIVE SUMMARY
  • 1.0 INTRODUCTION
    • 1.1 Binary Options : Basic concept
    • 1.2 Historic and economic background
    • 1.3 Market Overview
    • 1.4 Current model: problems and disadvantages
    • 1.5 1xBinary model: solutions and benefits
    • 1.6 Plans and Objectives
    • 1.7 Mission
  • 2.0 1XBINARY ECOSYSTEM
    • 2.1 1xBinary for Traders (Bettors)
    • 2.2 1xBinary for investors
    • 2.3 . 1xBinary for Brokers
  • 3.0 1XBINARY TOKEN MECHANISM
    • 3.1 Stable Betting Token (SBT)
    • 3.2 1xBinary Token
  • 4.0 1XBINARY PLATFORM
    • 4.1 Business model
    • 4.2 Architecture and technology
    • 4.3 Audience
    • 4.4 Use Cases
    • 4.5 Platform Scalability
    • 4.6 Description of MVP (released)
    • 4.7 White label solution for brokers
  • 5.0 FEES
  • 6.0 COMPETITION ANALYSIS
    • 6.1 Advantages of the 1xBinary platform
  • 6.2 1xBinary vs. traditional binary options platforms
  • 6.3 1xBinary vs. prediction markets
  • 7.0 HOW 1XBINARY CAN BE PROFITABLE
    • 7.1 For traders (Bettors)
    • 7.2 For brokers
    • 7.3 For investors
  • 8.0 ROADMAP
    • 8.1 Current state
    • 8.2 Future development
  • 9.0 TOKEN SALE
    • 9.1 Crowd sale summary
    • 9.2 1xBinary token pre-sale Round 1
    • 9.3 1xBinary token sale (2023)
    • 9.4 1xBinary token distribution (2022)
  • 10.0 FINANCE
    • 10.1 Use of the sale proceeds
    • 10.2 Future value of the 1xBinary token based on the daily turnover
  • 11.0 OUR TEAM
  • 12.0 LEGAL NOTES
    • 12.1 1xBinary legal structure
    • 12.2 Disclaimer
    • 12.3 Risk factors
  • 13.0 CONCLUSION
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  1. 1.0 INTRODUCTION

1.3 Market Overview

According to the utmost conservative estimates, the volume for the world market of binary options is at least $30 billion per year, with almost $5 billion yearly in Japan alone. Exact estimation of this figure is not easy to obtain since in most countries there is no reliable data on the binary options market turnover because of its extreme shadiness and untruthfulness as well as the lack of clearing from the overwhelming number of brokers.

Nonetheless, these days, binary options are no longer popular. Instead of building a user-centric, long lasting system for people to enjoy and benefit from, binary options have been often used to scam traders.

Thus, despite the huge budgets spent on advertising, traditional binary options have lost credibility. In some countries, they were given a semi-legal status. And even though there are no alternatives on the market, over the past three years there has been a significant decrease in brokers‟ revenues

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Last updated 2 years ago