Tribtc.com is the world’s first platform to offer Bitcoin settled, peer-to-peer binary options trading for cryptocurrency pairs. TRIBTC’s team was assembled in 2019 by its CEO, Claudiu Pana, a professional trader on Forex markets and cryptocurrency expert, to create the first of its kind peer-to-peer binary options trading platform, offering traders worldwide access to safer and reliable binary options trading through peer-to-peer trade matching, cuttingedge features, and the power of Bitcoin.
This vision brings together, for the first time, the peer-to-peer concept with binary options trading, thus eliminating the possibility of foul play that happens on many classic binary options sites where trading is done against the broker.
Many classic binary options sites, where traders bet against the broker, use their own index price while also manipulating it to their own advantage in order to generate losing trades for customers, drastically reduce payouts with predatory fees and practices, refuse or delay withdrawals. On tribtc.com, traders bet against other traders, and not against the broker, thus eliminating the well known issues of classic binary options outlets, and TRIBTC is the first company to implement and launch this trading system. The team (https://tribtc.com/team) has developed the platform from January 2019 until December 2019, when the Demo platform has been launched (https://testnet.tribtc.com). It has been built as a simple and intuitive trading system, with social trading features, absolute privacy and maximum safety for users and company’s funds, along with an attractive referral program. With the help of a worldwide community of traders and fans of the project, the testing stage successfully ended on 20th of January 2020, when the live trading platform has been launched (https://tribtc.com).There are two trading methods implemented on TRIBTC’s platforms:
- Call/Put orders
- Touch/No Touch orders
Trades can be placed on timeframes of 1, 5, 15, 30 minutes, 1 or 4 hours, 1, 2, 7 or 15 days, a month or custom intervals, or can bet against trades placed by other users.
The markets available for trading that are implemented so far are:
BTC/USD, ETH/USD, XRP/USD, LTC/USD, EOS/USD, BNB/USDT, XMR/USD, ZEC/USD, ETH/BTC, LTC/BTC, XRP/BTC, BNB/BTC, XMR/BTC, ZEC/BTC, EOS/BTC.
Forex and commodities indexes can easily be added to the existing markets available for trading.
The index prices for those markets are transparently sourced and averaged from Bitfinex and Binance crypto exchanges, and displayed using a fully featured TradingView chart, that can be used for professional technical analysis and also visually indicates the trades placed on the platform.
The payout for winning trades is 90%. Losing trades are not commissioned.
Deposits, trading and withdrawals are done using Bitcoin only, which allow a No KYC policy for customers and with this offering maximum privacy and almost instant access to the trading platform.
The funds are stored in a multisig cold wallet, the withdrawals are manually checked and processed every 24 hours.
User accounts are protected with 2FA feature, as well as other security features designed to provide a more secure trading environment.
The Demo platform automatically credits 1 testnet BTC to newly registered users, giving new users the possibility to test the platform’s features before switching to the real-money environment. On the Demo platform, once a user remains without funds, his account is again credited with 1 testnet BTC to be able to place more demo trades.
For the real-money platform, the minimum trade amount is 0.0005 BTC. There are no deposit fees. Flat withdrawal fee is 0.0005 BTC. The minimum deposit amount is 0.0005 BTC.
The TRIBTC ecosystem also features Top Traders and Top Referrals leaderboards and a chatbox where traders can discuss or challenge each other.
Total users registered so far: 977 (Demo and Live platforms)
Total trades placed so far: 20654 (Demo and Live platforms)
TRIBTC's unique and innovative characteristics - the peer-to-peer trading method combined with the binary options trading system, lower fees and higher payout than the classic binary options solutions, ease of use, the fact that is crypto-centric, the multiple trading methods available - generated a lot of positive feedback received from the majority of the beta testers and live platform users.
The peer-to-peer binary options trading is an emerging niche, with TRIBTC as the only player, with no direct competition so far, which gives a distinct advantage in capturing a share from the multi trillion volume of the options trading market.The TRIBTC platform is built on a set of essential components:
1. the main API – which is based on Node.js (Express)
2. the “data” API – also based in Node.js, used for providing the index data for the markets
3. the DB – powered by MongoDB
4. the web interface – written in Vue.js
5. the admin interface – also written in Vue.js
The components are communicating mostly via WebSockets for very low latency but there are also cases in which we use simple REST endpoints.
For the markets indexes, real-time price data is pulled from from Binance and Bitfinex and calculate our own average. All the index data is then stored in the database and it’s used for creating the candles for each timeframe available.
For the BTC deposits, new addresses are generated for each new customer, then use
https://blockstream.info for monitoring if any transaction is happening on the addresses. After a transaction is made, and completed, the user’s balance is updated and then the BTC is transferred to cold-storage. All this is done automatically by cron events.
Needless to say all the code was written with security as a first priority, and various security experts looked to identify potential vulnerabilities before becoming a problem.
For hosting and server infrastructure Google Cloud is mostly used, although there is also a VPS for the Vue.js builds (which is not a problem considering there is only compiled html & javascript).
The platform has a very good DevOps pipeline: all the code is stored in private GitHub repos, and when a commit is made, the new version is automatically built and deployed . After changes are made in the code, everything else is happening automatically.
TRIBTC’s social channels:
Facebook:
https://facebook.com/TRIBTC (above 500 likes, engaged with regular posts)
Twitter:
https://twitter.com/TRIBTC (above 18000 real followers, engaged with regular posts)
Youtube:
https://youtube.com/c/TRIBTC (platform features presentations and trading tutorials)
Telegram: @TRIBTC (100 members)
TRIBTC in the media:
https://beincrypto.com/tribtc-launches-btc-p2p-binary-options-beta/https://coindoo.com/tribtc-launches-btc-p2p-binary-options-beta-platform/https://cryptodaily.co.uk/2019/12/tribtc-launches-btc-p2p-binary-options-beta-platformhttps://coingape.com/tribtc-launches-btc-p2p-binary-options-beta-platform/https://dailyhodl.com/2019/12/11/tribtc-launches-btc-p2p-binary-options-beta-platform/https://kryptografen.com/news/p2p-binary-options/https://www.cryptoninjas.net/2019/12/15/tribtc-launches-btc-p2p-binary-options-beta-platform/https://coindoo.com/tribtc-will-launch-its-peer-to-peer-crypto-options-platform/https://beincrypto.com/get-ready-tribtc-will-launch-its-crypto-options-platform/https://coingape.com/tribtc-launch-peer-peer-crypto-options-platform-20th-jan/https://www.thecryptoupdates.com/tribtcs-brings-you-an-innovative-peer-to-peer-crypto-trading-platform/https://www.cryptoninjas.net/2020/01/22/tribtcs-p2p-crypto-options-trading-platform-goeslive/https://bitcointalk.org/index.php?topic=5206271https://bitcointalk.org/index.php?topic=5206278https://cryptotalk.org/topic/33748-tribtc-launches-btc-p2p-crypto-options-platform-https://medium.com/@TRIBTC/tribtc-adds-touch-no-touch-trading-method-along-other-features-d21d6b794aa7https://steemit.com/bitcoin/@tribtc/tribtc-adds-touch-no-touch-trading-method-along-other-featureshttps://www.forexfactory.com/showthread.php?p=12790809#post12790809https://www.cryptocraft.com/showthread.php?p=12790815#pThe buyer will receive the complete trading software and the full intellectual property of the trading software, complete source code, the platform’s administration interfaces, the tribtc.com domain name, social media and email accounts, all related media content, administrator access to all TRIBTC related operations and hosting + other services providers.
The use of a reputable escrow for the transaction is required.Serious inquiries only. Private message for price.