Place/Date: Grand Cayman, Cayman Islands - August 29th, 2018 at 4:38 pm UTC · 3 min read
Contact: Ian Buck, Source: Spectre
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.
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.
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.
Spectre’s uniqueness does not end here. The trading platform is home to not one, but two native tokens:
Due to nature of SXDT and SXUT and legal constraints, citizens of United States of America cannot invest in the tokens.
Disclaimer: Spectre is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The Spectre token sale is closed to US participants and participants of all countries in which ICOs are illegal.