Spectre is reforming the broker industry, a business that is steeped in controversy and malicious intent with many centralized platforms offering the enticing promise of imagined riches.
Traditional brokerages and trading houses have always been an issue when it comes to clarity and transparency. Enriched deeply in layers of intermediaries, these platforms have been known to manipulate markets and trading, resulting in losses to investors which translate to profits to the platforms.
Even in the age of online trading, nearly all trading platforms still utilize the same trading principles, adapted from brick and mortar to the digital realm, especially in the case of binaries.
With this, the amount of money being manipulated away from investors has increased and the modus operandi has been perfected over decades. Even with data showing that losses should not have happened, the lack of transparency makes this claim difficult to prove.
Spectre: See Through Trading
An acronym for Speculative Tokenized Trading Exchange; the trading platform’s name suits its’ working model of bringing a ghost-like transparency to financial trading. Built on the Ethereum network and leveraging blockchain technology, the platform uses the technology’s trustless system to create a financial trading hub that is transparent in all of its’ transactions.
Since the platform works on a peer 2 peer system, it eliminates all intermediaries. This means that investors trade directly with each other and there is no middleman who could manipulate the market or trade for his or her own benefit.
Going even further, since trades are automated through smart contracts, not even the platform developers have any control over the trades being conducted and therefore, are not involved.
Not Just for Cryptocurrencies
Decentralized exchanges are normally designed for cryptocurrencies and digital tokens, but the Spectre platform pioneers the use of blockchain technology in not only cryptos, but also traditional trading items such as commodities, equities, bonds and Forex under one roof. This enables investors and traders to profit from more than one kind of asset in a blockchain based exchange. This influence free trading is the first of its kind in the world, making trading truly fraud free.
Dividends and Utilities
Spectre’s uniqueness does not end here. The trading platform is home to not one, but two native tokens:
- SXDT: Spectre Dividend Token is what its sounds like. A native ERC20 compliant token that enables a dividend payout to its holder. Holders of SXDT tokens will have a share in the liquidity pool of Spectre (2%). The liquidity pool consists of profits and proceeds made from any and all trades made by the platform. The distribution will be made in ETH and will be done on a weekly basis. A further 60% of total gains is given on the Decentralized Autonomous Liquidity Pool. Currently, the SXDT has a value of USD 0.13 and out of a total supply of 140,270,691, more than 82,073,000 SXDT are in circulation. Investors can acquire SXDT from only four exchanges, Etherdelta, Forkdelta, Idex and Crex24.
- SXUT: This is the pure, utility token of the Spectre platform. There is no dividend payout, but the token has a higher liquidity since it is being traded on more exchanges. Apart from this, it gives its holder complete access to all kinds of trades being done on the platform, giving them a higher chance of making more profits than SXDT holders. Out of nearly 43,000,000 tokens, more than 24,500,000 SXUT are in circulation with trading currently at USD 0.09 per token.
Due to nature of SXDT and SXUT and legal constraints, citizens of United States of America cannot invest in the tokens.