{"id":4924,"date":"2022-03-05T21:44:46","date_gmt":"2022-03-05T21:44:46","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/spectre-ai-utility-token-whitepaper\/"},"modified":"2022-03-05T21:44:46","modified_gmt":"2022-03-05T21:44:46","slug":"spectre-ai-utility-token-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/spectre-ai-utility-token-whitepaper\/","title":{"rendered":"Spectre.ai Utility Token Whitepaper"},"content":{"rendered":"<div id=\"post-1025\">\n<div class=\"entry-content\" readability=\"68.006747638327\">\n<p>Abstract<\/p>\n<p>SPECTRE (short for Speculative Tokenized Trading Exchange) is the world\u2019s first brokerless, financial trading platform with an embedded, decentralised liquidity pool. Today, the financial trading industry is mired with conflict of interest and fraud. Brokers have been long known to manipulate prices and even refuse withdrawals, thereby destroying retail trader balances and finances, over time. This contributes to a shocking 70-90%+ industry loss ratio, meaning that more than 7\/10 traders lose money in the longer run.<\/p>\n<p>At unregulated \u2018bucket shop\u2019 brokerages, the loss-ratios are even higher as they simply refuse to allow traders to withdraw profits. Owing to the advent of blockchain technology, it is now possible to disrupt the existing, outdated model of financial trading. SPECTRE is a generation leap forward in trading technology achieving the following:<\/p>\n<p>\u25b6 Decentralisation and tokenization of the broker, meaning it is owned by the masses.<br \/>\u25b6 A perpetually growing, tokenized liquidity pool, of which the masses are entitled to an automatic, smart-contract governed dividend pay-out stream.<br \/>\u25b6 Fees are not generated on client losses but instead on volumes (wins or losses) in SPECTRE, thereby moving away from the traditional conflict-of-interest model.<br \/>\u25b6 No deposits required by the trader, meaning that transactions happen from on or offsite crypto-wallets and SPECTRE at no point has access to the trader\u2019s funds.<br \/>\u25b6 Withdrawals are processed instantly as well with all transaction outcomes being provably fair and governed by Ethereum blockchain based smart contracts.<br \/>\u25b6 No salesmen or account managers luring clients to over-trade or trading on behalf of the client.<\/p>\n<p>The above advances are likely to render traditional brokerages irrelevant and hand over power back to the retail traders, instilling total transparency across the multi-billiondollar retail trading industry. In helping do so, SPECTRE is also introducing a new asset class to the sector by upgrading the traditional \u201cdigital option\u201d to a \u201csmart option\u201d. We next describe the nature and extent of the problem SPECTRE aims to address.<\/p>\n<p> <a href=\"https:\/\/web.archive.org\/web\/20201109030937\/https:\/\/www.spectre.ai\/\" rel=\"noopener noreferrer\"> Spectre.ai Utility Token Website<\/a> <br \/>Spectre.ai Utility Token Whitepaper <strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Abstract SPECTRE (short for Speculative Tokenized Trading Exchange) is the world\u2019s first brokerless, financial trading platform with an embedded, decentralised liquidity pool. Today, the financial trading industry is mired with conflict of interest and fraud. Brokers have been long known to manipulate prices and even refuse withdrawals, thereby destroying retail trader balances and finances, over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4924","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=4924"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4924\/revisions"}],"predecessor-version":[{"id":4925,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/4924\/revisions\/4925"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=4924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=4924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=4924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}