What is Spectre?
People are asking what is Spectre? And how is Spectre is different from any other trading platform? Spectre is an acronym of speculative tokenised trading exchange. And quite bluntly Spectre is the future of financial trading. One of the key benefits of Spectre is that they take out the middle man, so you don’t pay any money to the broker whatsoever, a truly brokerless financial platform.
Brokerless Financial Platform
As a brokerless financial platform, Spectre cannot be manipulated by brokers nor can they shockingly refuse withdrawals. These practices have been known in the past and contributes to a large industry loss ratio, this can be as high as up to ninety percent! Because Spectre (Speculative Tokenized Trading Exchange.) is truly owned by the masses it eliminates any possible manipulation to provide an innovative and cutting-edge trading platform.
So How Does Spectre Work?
Spectre has a decentralised liquidity pool. This acts as a counter-party to trading. The liquidity pool was initially financed by an Initial Coin Offering (Or ICO for short.) also commonly known as a Crypto Currency. These tokens are then distributed to investors in return. And instead of using brokers all trades are governed by smart contracts eliminating any possible manipulation. Smart contracts pay out 2% to Initial Coin Offering (ICO) holders as dividends and 2% to Spectre, this is paid as a technology fee. Because of the way this operated this is a completely transparent and completely fair-trading financial platform that is void of any conflicts of interest. What can only be described as a level playing field for investors.
An Explanation of Initial Coin Offering (ICO)
You may consider an ICO (Initial Coin Offering) as a form of crowdfunding, allowing masses to invest in exchange for conventional currency (Legal tender), probably the most famous of ICO’s is Bitcoin (BTC). These cryptocurrencies, you may consider this as a digital stock certificate. As an investor in an ICO (Initial Coin Offering) you are a digital stock holder. And with Spectre, you have instant withdrawals via the Ethereum blockchain based smart contracts.
Spectre is a system that is managed by industry veterans who have extensive banking and trading experience, including a strong educational background in economics.