- 00:01 – Introduction
- 01:06 – Meet Spectre. The World’s First Broker Less Financial Trading Platform
- 02:15 – What Is Spectre?
- 05:23 – Spectre’s White Paper
- 06:09 – Spectre’s Google Trends
- 06:32 -Spectre’s Internet Stats
- 07:48 – Spectre’s Team
- 08:49 – Spectre’s Platform
- 10:21 – Spectre’s Product
- 13:26 – Closing Thoughts On Spectre
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00:01 – Introduction
Hey guys! What’s up? It’s Dan again from cryptocamacho.com where each day we talk about cryptocurrency. In this crazy cryptocurrency revolution that is going on right now. I want to teach you how to make money and how to take advantage of all this madness going on right now. We are in an unprecedented time in history where if you play your cards right you will make massive amounts of money in this cryptocurrency revolution. If you’ve watched any of my other previous videos we talk about trading, we talk about bitcoin, we talk about mining, we talk about crypto lending programs, and ICOs you name it.
We talk about all things cryptocurrency and today I wanted to talk about a specific ICO that I have been eyeing for just a short amount of time. A friend of mine came up to me and said: “Look, I have this ICO that I am interested in investing not quite sure what to make of it can you take a look?” So I did. I started taking a look at it and found out that this ICO actually has a working product, it’s not just a concept with a white paper, it has a working product behind the scenes that you could actually test out and start using today. Let’s jump right into it.
01:06- Meet Spectre. The World’s First Broker Less Financial Trading Platform
The ICO that I am talking about and really it’s a pre ICO right now. There is a token sale going on right now but this Spectre. Meet Spectre. It’s the world’s first broker-less financial trading platform. Now, what is that right? The thing that intrigued me about Spectre is the ability to generate passive income over time using the platform.
I haven’t been using it for a very long time I just literally signed up today and I’m just starting to test it out now but the fact that there is an ICO going on intrigued me a bit further of what this platform actually does and what they claim to do is allow you to invest or make investments and have their AI system or software bot if you will make the investments and the trading decisions for you and essentially pay you back a certain percentage overtime based on how the robot or based on how the artificial intelligence system is performing and they guarantee some very, very fantastic returns I want to test it out not quite sure what to make of it because it’s brand new.
But I wanted to bring this up, I wanted to let you guys know that I’m looking at it I wanted to go through a little bit of how it works. Let me go ahead and look at a few of these things. Let’s look first at the description
02:15 – What Is Spectre?
What is Spectre? The future of digital options, forex and CFD trading is here. Essentially you are going to be able to invest in different currencies, fiat currencies, and different forex exchanges or digital option exchanges automatically. Where the artificial intelligence engine will do the hard work for you. You will decide I want to invest X amount of money, for X amount of time and you’ll see how it performs and it will pay you back a certain amount of the percentage of the increase in that particular trade or in that particular investment for example.
Let’s take a look at how this all works. Let’s look at the features really quick and you could definitely go through here and watch the videos yourself but, Spectre’s unique tokenized balance sheet model allows traders to trade 24 hours a day acting as a counterparty to all trade where applicable. Spectre ai has 2 token classes; a utility-token and a dividend-token. This already tells me that you’re going to be able to get dividends or a percentage back as you invest for a particular term of time. It’s basically telling you that you’re going to get passive income based on the investment that you make. Let’s read further. The pool pays out 2% dividends to dividend-token holders, and 2% to the Spectre team as a technology fee. So you pay a little bit to them they pay a little bit to you; each time you make a trade or an investment. The group then use 3% of the revenues to purchase utility-tokens on an on-going basis causing utility-token price appreciation.
Essentially, they are going to drive the price of their token, the Spectre token up by using your investment and locking it down and then actually reinvesting it into the company. What that will do is that it will actually drive the price of the token up and it will actually stabilize the price point so it’s not dropping down so that when you make an investment and you are being paid out for a certain amount of time it will lock in for a certain term. If that makes sense. Let’s keep reading. Unlike other trading platforms out there today Spectre has a range of trading protection algorithms which help with emotion control, risk management, trade opportunity operation recognition and the ability to track one’s stats including strengths and weaknesses through time.
This part is really interesting to me; Spectre learns the traders’ weaknesses over time and alerts them when they are about to make a silly mistake. This is really relevant to me because every time I’m trading on the cryptocurrency exchanges I use Coinigy as most of you probably know but every time I make a trade on the exchanges, after the trade is done whether the price goes up or the price goes down I’m always looking in hindsight how I felt. I’m always critiquing how I felt about that particular trade and I definitely realize sometimes I have emotional weaknesses or psychological weaknesses that either make me sell or make me buy at the wrong time.
And that happens I think to everybody trading, cryptocurrency, trading stocks, it’s an emotional game, it’s a psychological game if you will and I have noticed that, I have made some of those mistakes in the past. So having a bot, having a robot or an artificial intelligence system help me identify what those weaknesses are is actually really intriguing to me and actually interesting. Let’s jump over real quick to the White paper. I just wanted to read a little bit about the white paper here just to give you a little bit more of an idea of what this is.
05:23 – Spectre’s White Paper
The executive summary of Spectre. Spectre is the world’s first broker-less financial trading platform with an embedded decentralized liquidity pool. Meaning, that they are going to have your assets in a decentralized pool based on the ethereum blockchain. Let’s go down a little bit further. Essentially, they are removing the middleman from trading on forex exchanges or trading digital options.
They are completely removing the middleman or the broker and they are tokenizing everything on the ethereum blockchain and then they are going to pay you out a particular dividend over a period of time, based on the rise of their coin based on the rise of their Spectre coin. That’s really how this is going to work. One other thing I wanted to look at; I wanted to look at the social sentiment of Spectre because… actually let’s look first at the trending data.
06:09 Spectre’s Google Trends
This is the google trends data for Spectre and it looks like obviously just started recently hitting the internet in September time frame and the last few months have seen a steady increase and then recently since the ICO launch it’s gone up and shot way up which is actually a pretty good sign. There’s a lot of interest being garnered for this particular ICO. Now, let’s go look at the social mention.
06:32 -Spectre’s Internet Stats
I typed in spectre.ai which is their website essentially. Not bad, not great stats, not bad stats but they do have positive sentiments. They have a lot of passion and they have a decent reach going into it here. Now, what I want to do is I want to search just the word Spectre because Spectre will likely bring up a lot more results; likely we’ll have a lot more sentiments associated with it, in light of passion, reach and strength associated with it as well.
First I want to go on their website specifically, just to see the traction there and yes, you can definitely see the strength here. 13:1 positive sentiments, 60% strength which mean that the likelihood of the brand being discussed on social media, Reddit, WordPress all over the internet is very, very high. The passion which is basically saying, how will this term be repeated, will people keep talking about it over and over and over. 31% is actually pretty good meaning that a lot or a third of the people will talk about this particular coin over and over and over.
Those signs also look pretty good as well. Now, let’s actually go in and log in to the platform here and I’ll show you what I mean when I say it has a working product. I’m clicking on the trade button up here, you could do the same thing for that team really quickly.
07:48 – Spectre’s Team
This team definitely looks experienced, looks like they have been around for a while. I like to check that just to, kind of cross my Ts and dot my Is I need to make sure that the team is legitimate. Make sure they are real people, make sure I understand where they live, where their company is based out of. In this case, there is LinkedIn profiles for every single one of these people which is actually really a great sign.
Read their history, you can see what they have been involved in. You could see if those projects have failed or succeeded in the past. I always do this before investing in an ICO always, always, always. This guy Karan Khemani Co-Founder in many company, Morgan and then went to work for Goldman Sachs so he definitely knows his investment which is great, shows that he understands the technology, he understands the space, the forex space, the digital option space so forth and so on. That’s a good sign as well. The team is fairly large. You can look through here and they have quite a few different people on their team that have expertise in this particular topic area, that’s all good signs right there. I just wanted to show you that really quickly.
08:49 – Spectre’s Platform
Okay, let’s go ahead and log in. I have already registered for this so let’s just go ahead and log in. They’ll probably take me to the dashboard here and I, oh… Just give me one second. Okay, let’s log in and let’s look at how the trading platform actually works. Again, this is a very unique idea that there is a product already before the ICO is launching.
Nowadays you do see ICOs popping up all the time, every single day popping up [09:21 inaudible] anything behind the white paper, it’s a typical white paper and that’s really it. You really don’t know if you’re going to invest money [09:29 inaudible] with it. It actually has a product that you can see, you could touch, and you could use it. It’s a tangible product that you could use. It’s asking me to [09:38] I’m going to go ahead and skip that. Because I just want to show you how the platform works. Let me get out of here and skip through really quickly.
Alright, guys. I just wanted to show you this really quick when you go to set up your profile, there are several things that it’s asking you for. I haven’t completed them all, but I’m actually going through and I’m going to fill this all out here in a moment. I’m not going to do it on this video, I don’t want to take the time to do it, but essentially what this is, is you set different criteria based on your risk level, based on how many open positions you want to have or how many investments you want to make. Based on all these different requirements or criteria to basically assess what type of trader you are so that it can match you the best with a particular investment, as an example.
10:21 – Spectre’s Product
Let’s get out of here so I can show you what the product or what the product truly is here in just a second. It will take one second to load here. I don’t know why but my internet has been going pretty slow, so bear with me here. It’s definitely not this website, it’s the internet that I’m using. Alright, you can see it loading up here and you can see that there is a chart here that is going to pop up in a second, my computer is just loading slowly. Alright, guys, you can see from here what the product actually looks like.
This is me logged in. This is the liquidity pool that they have. They pay you out based on how much you have invested, they can pay out because they do have this liquidity pool that’s based on the ethereum blockchain. You can see it, it’s transparent, and you can see exactly what you’re getting into. You can also see the dividends that have been paid out. You can see that there has already been a significant amount of dividends paid out even though this ICO, hasn’t even launched yet. Very interesting you can actually start participating in this and start using their product now before the ICO actually launches. You could also invest in the ICO as well, get tokens really, really early on get tokens on a discount so that when the ICO launches you actually can make money on that rise. I guarantee if you have seen anything of my other videos, ICO stats or anything else that I have shown on ICOs in the past.
The ICOs have been going through the roof. I’m not saying Spectre is necessarily going to go through the roof although it very well good based on what I’m seeing here. But generally speaking ICO returns are very, very high so just keep that in mind. Here you can look at the different charts, you know this, for example, is looking at the US dollar and the Japanese currency here and this is looking at a chart based on that. If I wanted to make a trade on this particular forex chart, I could do so right up here. I would click on this trade box up here and then you would click on asset.
You would click on whether or not you want to do investment or not and what the particular time period. I’m not going to go ahead and do that today but I just wanted to show you that this is what you would do when going into this particular UI product. You could switch to 12:28 exchange you want [12:30] you could see here that there’s Great Britain pounds, there’s euros, there’s a variety of variances you could trade against. I don’t know the list. I’m going to have to look into that a little bit but I imagine that it’s going to be the wide range of ICOs that you could trade against or digital options you could trade against and that’s pretty much it. It’s like a binary trading, where binary trading is basically is this going to go up? Yes or No. Is this going to go down? Yes or no and then you bet on a particular spread if that actually happens and what you bet on comes through whether it goes up or down and then you get a pay out based on the odds that you selected.
This is very, very similar, except it’s based on ethereum, it’s based on removing a broker from… or a middleman, from the entire process of trading forex or trading digital options. Definitely intrigues me, I’ve looked at other binary trading options this one is by far, the most interesting, because of what they are doing with their ICO, what they’re doing with their platform
13:26 Closing Thoughts On Spectre
Hopefully interesting as well. I would love to know your thoughts on this. Please leave your comments or feedback in the YouTube video notes here but I would love to know what you guys think of this. I would love to know if you think this is going to go up, if you think it’s going to go down. If you think it is a worthwhile platform. It’s not a crypto lending program, like bit connect or [13:47] in a sense that it pays you out income or [13:50] dividend if you will be based on the amount you invest. There is a passive income opportunity based on what you invest and I’m going to dig through and look at the timeframes and the terms and all that just to understand a little bit better.
Next time I make a video on this [14:04] what I have been doing tell you how I have been trading on this if it’s successful or not but I’m… but I wanted to let you know so you can get in the ICO soon if you are interested to invest [14:15] which I will in a further video but right now I wanted to talk about this. I needed to take a break he IOTA madness that has been going on as you know the price has been going through the roof and it’s been crazy. And I wanted to take moment and record a video. As you can see the token sales today there are four days left, total contributions so far have been wow pretty high about $14000, 000 definitely gaining a lot of traction 31, 000 almost 32000 ethereum tokens have been contributed via about 5000 people.
Again, if you’re interested, check it out. Don’t know if it’s going to do well. Don’t know if it’s going to do badly. I have no idea, the trends look good, the social sentiments looks good, and the concept looks good. The fact that they have a product behind them looks very, very good very attractive that they have a working product behind them. But, I would love your thoughts guy. I’m Dan from cryptocomacho.com Look forward to hearing from you guys and, wait, wait, wait. Before you guys leave click that little red button down there. See that red one? Says subscribe, maybe it’s on this side [laughs] I don’t know. Click it! Subscribe to my channel, I’ll give you updates and until then. Spectre, to the moon! See you guys.