Spectre, a blockchain based trading platform recently released details of its new concept that will reduce fraud in the crypto world to the barest minimum. The firm hopes to achieve this by redefining the asset trading industry, removing brokers and offering transparent trading platform built on Ethereum.
An Industry And Its Many Challenges
The primary objective of the Spectre is to reshape and redefine the broker industry, bringing it back to the light, after a turbulent period, which was characterized by controversies, anchored by the centralized platform that offers a little bit more than they can give.
Transparency is sometimes non- existent when dealing with the traditional brokerage and trading houses, they are well famed for their ability to manipulate the market and trading, resulting into a significant loss to the investors and a considerable profit to themselves.
This activity did not in anyway change, even with the introduction of online trading. The same old concept is still followed, and investors are still on the losing end, even at a higher rate than before. And despite the assumed changes in their policy, transparency remains the most significant challenge facing the industry.
Reshaping The Industry
Changing the narrative in the industry is Spectre, which stands for Speculative Tokenized Trading Exchange, the platform offers a different approach to the way the business has been conducted.
Spectre offers a ghost-like transparency to financial trading, that is built on the Ethereum network and leveraging blockchain technology. The platform achieves openness in all of its transactions through the use of the blockchain’s technology trustless system to create a financial hub that will be free of any hidden motive by the platform.
The elimination of intermediaries and middlemen by the platform is one of the major highlights of the revolution initiated by Spectre, ever since the start of its peer to peer system by the firm.
Investors can now trade with each other, eliminating the fear of fraud by a third party.
The introduction of smart contracts into the whole process means that even the developers cannot influence the process in any way, and the traders are in charge of the transaction in totality.
Though most decentralized exchanges are typically structured for cryptocurrency and digital assets, Spectre offers more than that; the platform can be used for traditional commodities like equities, bonds, equities, and forex.
The consequence is that the trader will have the opportunity to gain from more than one asset, in a truly fraud-free platform, that offers a transparent trading service.
Learn more about Spectre: http://www.spectre.ai/
Media Contact Details
Contact Name: Ian Buck
Contact Email: [email protected]
Contact Telephone : +441380819432
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