What is predictive betting?
Spectre.ai is the world's first broker-less financial market predictive betting platform that allows users to make predictive bets in the financial markets without the presence of an intermediary broker. By utilizing cutting-edge Ethereum blockchain technology, Spectre.ai either matches users against a decentralized autonomous liquidity pool (DALP) or other users on the platform or network. 24 hour liquidity and zero-opportunity for broker fraud is ensured in this unique model!
Spectre.ai is the world's first broker-less financial market predictive betting platform. Using unique smart contract technology built on the Ethereum blockchain, users can bet directly against a decentralized pool of liquidity which is currently 7,647 ETH in value or against other users directly. The Ethereum blockchain is valued at $84,401,122,597 and is recognized and used by major industrial and financial giants such as Credit Suisse, Deloitte, and Microsoft. In the Spectre.ai predictive betting universe, there is no shady broker, just a set of audited, secure smart contracts that rest on a global blockchain and ones that govern all betting transactions, outcomes and payouts. 100% transparency, pure betting, no fraud.
Unlike traditional binary option or FX brokers, where you are required to deposit USD/EUR or another fiat currency at their bank account in order to engage in predictive betting, Spectre.ai offers a revolutionary leap forward in technology which means you can place a bet straight from your cryptocurrency wallet (ETH accepted), or from a secure private-smart contract on Spectre.ai. This means, at no time, does Spectre.ai have access to your funds. While many brokers make money when you lose, Spectre.ai simply earns a volume based technology fee when you bet. Spectre.ai has no pesty account managers or sales people. See how Spectre.ai's fees stack up to competition here.
In a traditional financial market betting scenario, whether its binary options or FX, the settlement happens behind the curtains and at times, doesn't even happen. At Spectre.ai, every transaction is mined and settled on the global Ethereum blockchain or aggregated every 24 hours and sent to the block chain for verification. A growing network of processing nodes (over 20,000) around the world will confirm entries and exits (using independent 3rd party verification of entry and exit prices) along with debits and credits to user accounts. This is the first financial market predictive betting platform in the world that offers a globally blockchain based audit trail.
Unique Contract Range
Spectre.ai is the first platform to allow users to place predictive bets using Smart Options, on the financial markets. Smart Options are a new contract-class with a block-chain verified, binary outcome resulting in payouts up to 200% within just minutes. Smart Options can be entered upon on a range of assets including traditional currency pairs, cryptocurrencies, stocks and other assets too. Along with this, Smart-CFDs allow users to bet on FX positions not only on traditional currency pairs but on cryptocurrencies, stocks and other assets. Take a look at our fee schedule here relative to competition and our total contract range here.
Constant and Live Decentralized Liquidity
Spectre.ai, unlike other brokers, shows its live liquidity pool that is decentralized and acts as counter party to predictive bets on the platform. This means that even if there is 1 user or millions placing bets, Spectre.ai always has liquidity. This liquidity is protected and secured giving users long term comfort. Users are either matched against each other (p2p) or against the liquidity pool, known as the DALP (decentralized autonomous liquidity pool). This means no user is betting against a shady broker’s balance sheet who may choose to payout or not. Neither Spectre.ai nor the users have access to the DALP. Only immutable smart contracts on the Ethereum blockchain can extract or send funds from and to the DALP, respectively.
Broadest Asset Range
Spectre.ai allows users to make predictive bets (no underlying ownership) on a range of asset classes, whether its currencies, cryptocurrencies, stocks, bonds, ETFs, indices and many more. Smart Options and Smart CFDs, the unique contract types in the platform, can be taken by users on broad range of assets. View our asset range here.
BROKER-LESS PREDICTIVE BETTING: A NEW ERA
SPECTRE's unique tokenised balance sheet model allows users to place bets 24 hours a day, acting as counter party to all bets, where applicable. SPECTRE.ai has two token-classes; a utility-token and dividend-token.
SPECTRE is the world's first financial market predictive betting platform that features key unlocks for users who hold the special Utility Token (SXUT), a cryptocurrency based privilege enabler! This means those who hold this token in their Ethereum wallet can enable higher payouts, more assets, higher bet sizes and a range of other benefits, thereby super-charging their potential. Click here to see a list of all U-Token privileges.
SPECTRE (speculative tokenized trading exchange) is a website that allows you to bet on the direction of currencies, commodities, stocks and other assets, for financial gain. Uniquely, it offers the ability for users to earn 5-200% returns (average 73%) ROI on just 1 bet within minutes. Unlike traditional brokerages, it sits on top of the Ethereum blockchain meaning that it is truly broker-less and decentralised. Users may choose the off-site predictive betting account option and never deposit at SPECTRE to bet. SPECTRE’s liquidity pool (i.e balance sheet) is owned by token holders who receive dividends based on the betted volume in SPECTRE and not by a centralised management.
Yes and the best browsers to use SPECTRE with are Firefox and Chrome. A mobile App will be available in 2018.
The Ethereum blockchain is a globally distributed ledger that uses thousands of decentralized servers around the world to audit and confirm transactions. These can be simple transfers of money or complex smart contract outcomes such as the processing of bets. It is free of human intervention and by far, the most secure way of confirming transactions today. Users fund their Ethereum accounts (the crypto-currency in which bets are taken) either in an on-site predictive betting account or offsite in any recognized Ethereum wallet. When a user is betting from an off-site Ethereum wallet directly, they incur gas costs for every bet (which are a payment to the Ethereum blockchain to process each bet) and only their betting amount for the said bet sits on a smart contract until it is settled. At no time do any funds (either those in the user’s own wallet or those committed to a bet) ever fall in the hands of a 3rd party, resulting in truly decentralised predictive betting. If they decide, however, to bet from their onsite escrow, they park capital in a secure smart contract, thus dramatically reducing any gas related fees, but can only withdraw gains every 24 hours.
All major currencies, certain crypto currencies, stocks and commodities. A full link to the asset availability schedule is available here.
$10.00 or Ethereum equivalent. We strongly advise starting off with small amounts as financial predictive betting is risky, despite being rewarding.
SPECTRE is governed by smart contracts and all transactions including payments in and withdrawals out by users are governed by the Ethereum blockchain. For users betting using the onsite predictive betting account option, withdrawals may take up to 24hrs based on the activity and balance of each user. Withdrawals are returned minus the current gas fee which is determined by the Ethereum blockchain and is paid to said blockchain, not SPECTRE. For users betting using their offsite cryptocurrency wallets, they receive their gains instantly (minus gas) into their account on a bet by bet basis so their funds are always with them.
If you choose to bet using the onsite predictive betting account, funds that are allocated for betting by you, the user, are placed in a smart contract where they remain secure. This cryptographically protected Ethereum wallet can only be accessed by users and all bet transactions into and from it are processed/governed by the Ethereum blockchain every 24 hours. Withdrawals are instant minus gas fees.
Contact us here for more information on how to get started, whether as a user or affiliate. Please allow 24 hours for responses.