Spectre.ai: A Revolutionary Trading Platform
If you are looking for a new way to trade binary options, forex, and CFDs without a broker, you might want to check out Spectre.ai.
Spectre.ai is a decentralized trading platform that uses blockchain technology and smart contracts to eliminate fraud and intermediaries from online trading.
In this blog post, we will review some of the features and benefits of Spectre.ai and explain how you can get started with this innovative platform.
What is Spectre.ai?
Spectre.ai stands for Speculative Tokenized Trading Exchange. It is a platform that allows traders to trade directly against each other or against a liquidity pool funded by Spectre investors.
Unlike traditional brokers, Spectre does not hold your funds or charge commissions or fees. Instead, you can trade directly from your own digital wallet using popular cryptocurrencies such as Ethereum, Bitcoin, or USDC.
Spectre.ai offers a variety of trading instruments, including digital options (also known as binary options), forex pairs, reverse futures (based on historical stock prices), and EPIC (based on historical price movements). You can also trade 24/7 on some asset classes such as EPIC and cryptocurrencies.
Spectre.ai uses smart contracts to execute trades automatically and transparently on the Ethereum blockchain. This ensures that there is no manipulation or tampering with the outcomes of your trades.
You can also verify every trade on Etherscan.io, a public ledger of all transactions on the Ethereum network.
How does Spectre.ai work?
To start trading on Spectre.ai, you need to have an Ethereum wallet such as MetaMask or Trust Wallet. You can then fund your wallet with ETH or other supported cryptocurrencies and connect it to the Spectre platform via Wallet Connect or a QR code scan.
Once you are connected, you can choose from three account types: regular account, wallet account, or DeFi boost account.
A regular account allows you to deposit funds into a smart contract escrow and trade with higher payouts of up to 400% and lower spreads.
A wallet account allows you to trade without depositing funds into escrow and enjoy instant withdrawals after every trade. A DeFi boost account allows you to deposit and trade using popular DeFi coins such as USDC or PAX.
After choosing your account type, you can select your preferred asset class, expiry time, and trade size. You can also use various indicators and tools such as Bollinger Bands, MACD, RSI, etc. to analyze the market trends and signals.
When you are ready to place a trade, you simply click on CALL or PUT depending on whether you think the price will go up or down at expiry time.
You will then see a confirmation screen showing your potential payout and risk amount before confirming your trade.
If your prediction is correct at expiry time, you will receive your payout instantly into your wallet minus the 2% transaction fee paid to Spectre investors who provide liquidity for the platform.
If your prediction is wrong at expiry time, you will lose your risk amount which will also go into
the liquidity pool.
What are some benefits of Spectre.ai?
Spectre.ai offers several advantages over traditional brokers such as:
– No deposit required: You can trade directly from your own digital wallet without having to trust a third party with your funds.
– No withdrawal delays: You can withdraw your profits instantly after every trade without any hassle or verification.
– No fraud: You can be sure that there is no manipulation or interference with your trades thanks to smart contracts and blockchain technology.
– No conflict of interest: You can trade against other traders or against the liquidity pool which does not benefit from your losses, unlike brokers who act as market makers.
– High payouts: You can enjoy payouts up to 400% depending on the asset class, expiry time, and volatility.
– Low spreads: You can benefit from low spreads starting from 0 pips depending on the asset class, expiry time
and volatility.
– Trader’s Bay: You can access additional features such as higher payouts, higher trade sizes, lower spreads, etc. by purchasing tokens from Trader’s Bay using ETH.
– Incentive Program: You can earn rewards based on your trading volume such as cashback, bonuses, free tokens, etc. by participating in the Incentive Program.
– Demo account: You can practice
Specification: Spectre.ai
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