Topic: Spectre.ai information - Trading platform now LIVE! - page 134. (Read 89699 times)

Dear all,

Please note, this is a fake account created by trolls. These are either financial brokerages themselves or minions of the people who threatened us last week if we didn't rebrand our business. All of these attempts are noted and will be dealt with appropriately shortly. In the mean time, please ensure to only take seriously information that is released on our slack or telegram channels or information posted here either by SPECTREaiguy, by Spectre.ai.team or by Vindyne8. Any other account pretending to be us is to be ignored and reported.

We absolutely have a lucrative Bounty program and Introducing Broker program as well. Sylon above is running it. Please get in touch with him.

Thanks,
Team SPECTRE

This is absolutely false.

Spectre.ai bounty campaign thread will be launched in the next following days.
I will take care of this. Stay connected!

Hi guys. I saw in the beginning of the topic that you plan to lay out a link to your bounty company. But as I understand it, so far it is not. When we can expect it, because we want to participate. Is there an exact date for the beginning of the bounty?

Just for clarification spectreaiguy is part of the Spectre team.  It is Kay the CEO.  Want to make sure people don't think it is some unrelated person who is not part of the team.

Hello,

Let us break down the etymology of the acronym we have used. Read the following phrase carefully: SPECulative Tokenised TRading Exchange. Please now focus on the bold letters. If you remove all other letters and bring them together and get rid of the redundant 'T', you get SPECTRE.

We understand you prefer 'STTE' as a name but phonetically it is not possible to pronounce it. But thanks for the kind feedback!

Hello,

 Thanks for your questions, please see our responses below in bold.

> "This makes no sense. How can you sustain a 75-90% return just by guessing that the price will go one way or another? If you guess it goes up and the price goes up only by .1% your still right, but are going to get a 75% return? The money come from the liquidity, thus detracting from the whole network value. So if people do guess right, the network is worth less even tho your personal value went up. So if you achieve your goal(making smarter traders), then you company will be worthless.

Saddko above hit the nail on the head! Trading is a zero-sum-game. One trader’s wins are another’s losses. No one is re-inventing the wheel in SPECTRE. We are not a hedge fund telling traders if they invest, our platform will make them money. What we are doing is removing the broker out of the picture that intervenes disallowing traders to have a fair battleground against the wider market (i.e even stand a chance of making some profit). In our case, the broker is replaced by a decentralised liquidity pool that acts as counter party to most trades (where our algorithm does not match one trade against another traders). Out of 10 traders, when provided with a fair battleground, around 6-7 lose money because they cannot beat the market (Oanda, the world’s largest FX broker’s latest quarterly data supports this fact and the fact that its a billion dollar company lends support to the fact that SPECTRE’s liquidity pool will grow substantially as well, since we’re basically a decentralised Oanda but multi-asset-class).

In order to beat the market in digital options, you need to generate a win rate of around 57-58% as payouts upon wins are 75-80% on average. Those who invest the time and gain experience and are talented can do so and sustain win rates above this hurdle rate thereby generating capital growth over time. These traders will be rewarded from the liquidity pool and yes the pool shrinks after these payouts. However the masses cannot beat the market as data from millions and millions of trades over years shows. This means there is sustained liquidity pool growth over time of which a big portion is paid out to token holders as dividends. Network value on aggregate, ergo, increases.

Please follow this closely: Both SPECTRE and token holders receive revenues/dividends when traders trade; whether they lose or win is irrelevant. We are a technology platform that charges the liquidity pool a transaction fee. The network’s value is “worthless” if all traders win in the long run which is practically impossible. Statistics won’t change just because we obviate the broker. You are talking about tail end of the distribution events that have <.0000001% probability of happening. Sure, there are periods a few hours or days where the liquidity pool may be stagnant or decline but over time growth is going to continue upward, thereby increasing the networks value. And yes, if a trader loses by incorrectly predicting the direction of the market, they lose their capital investment for *that* trade, nothing more. It’s not like leveraged trading where you lose more than the amount invested. We have no trading robots, not sure where you gathered that from.

>  And your trading robot will advise them if they make a mistake? The same robot that controls the price points, trade access,  and the liquidity pool? It sounds like you replaced the brokers with an automated version.

This is inaccurate on many fronts. Firstly, the smart contracts that govern trade entry, exit and outcomes are oraclized. They are different from onboard SPECTRE AI that learns how the trader trades and gives them ‘soft-warnings’ protecting them from destroying their accounts or allowing amygdala hijacks to overtake their rational trading processes in their brain (you can look up the science of lizard brain trading and the destructive impact of cortisol during fight or flight responses during high-stress situations such as trading).

Our tools do not trade for traders, they just make them avoid easy pitfalls and instant account destruction; something traditional brokerages facilitate as they want to fleece clients immediately.

> And yes the name makes no sense. I'm not sure what language you translated from but something is not right here. Just my 2 cents."

The name is an acronym as for Speculative Tokenised Trading Exchange. 'SPEC'ulative 'T'okenised 'Tr'ading 'E'xchange. We understand you would not understand it, partially because as per your signature you are a promoter of 'spectrecoin' a completely unassociated project with a similar name, but we assure you significant due diligence has gone into this name many months ago and we will be posting in the coming week a legal document for your perusal.

Hippie,
This is trading - if you win or loose is up to you. But your counterpart in binary options is the binary option broker. You think they wish you win your trades, and they loose the money? No way, and they can in many ways put brakes on your winning trading.

What is different in SPECTRE is that your counterpart is the liquidity pool, and it gives rat's ass to if you win or loose your trade. If you win, it pays you automatically, no questions asked. If you loose, money goes to the liquidity pool.
As to the prices at which you trade, SPECTRE can do nothing about them. Price feed comes from totally outside international sources, e.g. one of them is Oanda.

Don't worry about that liquidity pool runs out of money. Statistics show the cruel reality that that percentage of winning trades is much much lower than loosing trades.

Trading robots can give you hints to help you to analyze a situation, but it is only up to you to make the trade decision. Trading binary options is not just guessing and betting - you have to read the charts and keep an eye on news.

Hope this helps, but ask if you have questions.

Hello HippePyro, I will give this a go at a response.  If you watched the https://www.youtube.com/watch?v=p9FRoc0CNyM example the trade being executed risked 3 eth.  It had a return of 5.35 eth if the person making the trade is correct.  Had the trader been wrong of course they would have lost 3 eth.  Since they were right they won 2.35 eth.  2.35/3= 78% ish as their ROI.  The only way it is always a win win is if you're a holder of spectre.  As you receive a 2% return of each trade made on the platform.  In order to profit from trading you would of course need to be correct more often then not.  The good news if the interface can help you achieve this through its various control settings.

This makes no sense. How can you sustain a 75-90% return just by guessing that the price will go one way or another? If you guess it goes up and the price goes up only by .1% your still right, but are going to get a 75% return? The money come from the liquidity, thus detracting from the whole network value. So if people do guess right, the network is worth less even tho your personal value went up. So if you achieve your goal(making smarter traders), then you company will be worthless.
If people do guess wrong, then they lose everything nd so if your company succeeds then majority of users have lost money.
 Your page states that a person needs a 57% correct guess rate (minimum) to make profit, due to the 2% fee on every trade(both entry and exit).
 And your trading robot will advise them if they make a mistake? The same robot that controls the price points, trade access,  and the liquidity pool? It sounds like you replaced the brokers with an automated version.
All in all, I feel you make this sound like it's a win win for all whIle also sayin that the majority will lose.

And yes the name makes no sense. I'm not sure what language you translated from but something is not right here. Just my 2 cents.

tbh i don't see how SPECTRE could stand for that blablabla....how about STTE then?isn't it much better?

RED FLAG!

Got it now! Thank you very much. This appears to be really something new for binary option traders, not to mention, if in time you can reach it out to forex trading. 

I have been trading binary options for years, and seen the rise and fall of the whole industry. Eliminate the brokers and DRAIN THE SWAMP!

Good luck to your project! I will definitively follow this with great interest.

From the one pager document here: http://spectre.ai/media/spectre_one_pager.pdf?ver=1.9

HOW WE DO IT

• SPECTRE (short for Speculative Tokenized Trading
  Exchange) is the world’s first brokerless, financial trading
  platform with an embedded, decentralized liquidity pool
  that acts as a counter-party to all trades. The liquidity
  pool is initially funded by an ICO and tokens are
  distributed to the investors in return.
• When trading, all transactions are governed by smart
  contracts meaning that the broker is completely removed
  from this equation as well.
• The smart contracts pay out 2% dividends to ICO token
  holders and 2% to SPECTRE as a technology fee, each
  time the trader takes a trade. This is different to the
  traditional broker models where brokers mostly get paid
  on trader losses.
• A result of all the above is the creation of a fully
  transparent and fair trading environment with no conflict
  of interest between involved parties; a provable fair
  battleground where traders can fairly trade against the
  market without intervention.

But isn't the liquidity issue same to SPECTRE? Where does it mainly differ? Simple and short explanation, please.

From the whitepaper: http://spectre.ai/media/spectre_whitepaper.pdf?ver=1.8

" ..While CFTC regulated NADEX does allow for the exchange of
offsetting digital/binary option trades by matching traders, liquidity issues do reduce
the trading experience and funds are ultimately controlled by the broker."

A broker-less exchange for binary options? Is this like Nadex?

To yield or not to yield: TOKENS

https://medium.com/teamspectreai/to-yield-or-not-to-yield-tokens-f6b2aa959464

A brief promotional video explaining SPECTRE.ai technology and how it empowers traders

https://www.youtube.com/watch?v=i6x5broeSi8

Here is a short video on how to generate 75% ROI in just 5 minutes using SPECTRE, the world's first broker-less trading platform with its own decentralised and tokenised liquidity pool. This video also showcases a range of ground breaking features that trading platforms do not have today:

https://www.youtube.com/watch?v=p9FRoc0CNyM

SPECTRE is built on the Ethereum Blockchain and it is removing broker fraud from Binary or Digital Options and FX trading.
 
Sign up to the public alpha version for free here and try it out with a virtual account: http://dapp.spectre.ai/register.php .
 
SPECTRE's pre-sale is on the 27th of October. More info on the project and the team available on www.spectre.ai .

SPECTRE Launches the Alpha Version of the World's First Broker-less Trading Platform

https://cointelegraph.com/press-releases/spectre-launches-the-alpha-version-of-the-worlds-first-broker-less-trading-platform

Announcement from the CEO, COO and CTO of SPECTRE :

"
Dear all,

We would like to take the opportunity to set the record straight in what seems to be a coordinated attack filled with a lot of baseless accusations, as we have received multiple threats of defamation from the admin (who chooses to remain nameless) of spectrecoin today, via email as well. A brief look at our team and their background on LinkedIn (along with the companies associated) will reveal that we are a serious financial technology company with a very public face, not only now but for years. Upon due diligence, "spectrecoin" appeared on our radar few months ago. As our product, which removes financial fraud out of a trading scenario by removing brokers, was in no way competing with "spectrecoin" and more importantly the fact that they were called "spectrecoin" as per their own website and literature including a New York Times article (https://www.nytimes.com/2017/06/23/business/dealbook/coin-digital-currency.html) that mentions them as "spectrecoin", the decision we took was to continue with our brand, "spectre". Spectre is an acronym for Speculative Tokenised Trading Exchange. It is not some "cool" name we plucked out of the air or with the view to "piggyback" on "spectrecoin". There are far bigger and more successful ICOs with very attractive names whose names one would consider hijacking before purposely targeting a small newly listed project. Clearly this was not our intention. Despite this, we had planned a reach-out to them and a new project "spectre" from Israel, shortly before our marketing began to let them know, at the end of this month (September). This was to inform them that our website would include a notice to all visitors that we are "spectre" and not spectrecoin.

Moreover, there are some accusations that the SPEC token is already taken and we haven't done any due diligence regarding this token name. We indeed came across SPEC token but found that it is inactive (https://gyazo.com/83e87619e11a9471dd44314d3328a55d ).  Also, the inactive one is not a ERC20 token. Our team had already initiated the process of getting this SPEC token name allocated to us. Needless to say, we have a range of differentiating 'backup' tickers given they are being mopped up quickly (note, even 'spectrecoin' as per ICO-age (https://gyazo.com/4d47b22ed7597c3c36f893701ea66e7c ) had decided to go with 'SPEC' but then had to change to 'XSPEC'). While the ticker is of secondary importance, please note that our brand is not. SPECTRE stands for Speculative Tokenised Trading Exchange and we will not be rebranding despite us being openly threatened. As for the some of the posts above, unfortunately the level of inaccuracy is high.

To start with, the structure of the indicated company is presented in a misleading way. This is the structure of a legitimate, professional company that acts as a cost centre in a corporate structure and has
- As director the CEO of the company
- As Secretary, a licenced and accredited company offering fiducieri services under the UK law, which is what the name itself indicates:  "Fiduci - corp" (UK) Services. Therefore having 110 clients, means that they are actually good at what they do.

As per the fact that there are 0 filings, this is a lie, as a simple search showcases this:
https://beta.companieshouse.gov.uk/company/08245873/filing-history

Last but not least, there is nothing wrong with having the registrants of a domain hidden. www.spectreproject.io's registrants are hidden as well. In case of spectre.ai, for which we are doing the ICO, this is not hidden, for the purposes of transparency.

We hope this clarifies the situation. As a team we have a strong and transparent foundation and our goal is to eliminate broker fraud from the financial industry and bring transparency and fairness back into the forefront.  

We urge spectrecoin to focus on delivering to their investors the targets they promised during their ICO rather than defaming and threatening projects that happen to have similar names and solve an entirely different problem.

Kind Regards,
Team SPECTRE
"