Website

Spectre

ICO

Last updated: Oct 20, 2019

Spectre.ai is the broker-less financial trading platform that allows traders to trade directly against the financial markets without the presence of an intermediary broker.

IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industry	Trading & Investing
Product type	Platform
Founded	Virgin Islands (British)
Whitepaper	Open

What is Spectre

SPECTRE (short for Speculative Tokenized Trading Exchange) is the world’s first brokerless, financial trading platform with an embedded, decentralised liquidity pool. Today, the financial trading industry is mired with conflict of interest and fraud. Brokers have been long known to manipulate prices and even refuse withdrawals, thereby destroying retail trader balances and finances, over time. This contributes to a shocking 70-90%+ industry loss ratio1, meaning that more than 7/10 traders lose money in the longer run. At unregulated ‘bucket shop’ brokerages, the loss-ratios are even higher as they simply refuse to allow traders to withdraw profits. Owing to the advent of blockchain technology, it is now possible to disrupt the existing, outdated model of financial trading. SPECTRE is a generation leap forward in trading technology achieving the following:

Decentralisation and tokenization of the broker, meaning it is owned by the masses.

A perpetually growing, tokenized liquidity pool, of which the masses are entitled to an automatic, smart-contract governed dividend pay-out stream.

Fees are not generated on client losses but instead on volumes (wins or losses) in SPECTRE, thereby moving away from the traditional conflict-of-interest model.

No deposits required by the trader, meaning that transactions happen from on or offsite crypto-wallets and SPECTRE at no point has access to the trader’s funds. Withdrawals are processed instantly as well with all transaction outcomes being provably fair and governed by Ethereum blockchain based smart contracts.

No salesmen or account managers luring clients to over-trade or trading on behalf of the client.

The above advances are likely to render traditional brokerages irrelevant and hand over power back to the retail traders, instilling total transparency across the multi-billiondollar retail trading industry.

SPECTRE is the world’s first broker-less financial trading platform with an embedded, decentralised liquidity pool. Like traditional trading, clients are trading against SPECTRE’s balance sheet (also known as the ‘liquidity pool’), however this pool is initially capitalised and owned by ICO (initial coin offering) investors. In other words, SPECTRE’s liquidity pool is owned by token holders who initially invest in the ICO and therefore own a part of SPECTRE’s profitability, into perpetuity. Tokens are publicly traded on all major crypto-currency exchanges and thus can be held by anyone.

In this broker-less model, SPECTRE’s liquidity pool is completely decentralised and the conflict of interest problem is eradicated. The trading process at SPECTRE works as follows; the retail trader signs up to the website but deposits nothing. Instead they simply open a crypto-wallet on the website and send funds to that address . Major off-site crypto-wallets can be connected to this wallet as well. This ensures that funds cannot be accessed or handled by SPECTRE employees or anyone apart from the trader him/herself.