Spectre.ai Dividend Token

How & Where to Buy Spectre.ai Dividend Token (SXDT)

Buying Spectre.ai Dividend Token (SXDT) for funds from your bank requires a 2-step process. You're going to buy some BTC or ETH from an exchange that accepts deposits from a debit card or bank account, and then you're going to transfer your newly bought crypto to a marketplace that sells SXDT in exchange for bitcoin or Ether.

Step 1: Buy BTC or ETH at Coinbase

Sign up and purchase Spectre.ai Dividend Token (SXDT) at Coinbase or CEX.IO.

If Coinbase or CEX.IO are not available in your jurisdiction, view our list of exchanges that sell SXDT for Government issued money.


Step 2: Go to a supporting SXDT exchange:

Transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges listed below.

ALL SXDT EXCHANGES

Use Spectre.ai Dividend Token: Ways to send & spend SXDT

SXDT Wallets

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Spectre.ai Dividend Token Price & Information

Current SXDT price and historical price chart

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Technical Information

Blockchain: ERC20

What is Spectre.ai Dividen Token?

The Spectre.ai platform is the world’s first for broker-less financial trading, with the mission of “draining the swamp in financial trading.” It allows traders to trade directly against financial markets without an intermediary broker being necessary, utilizing cutting-edge, crowd-sourced technology to match traders against a smart contract-driven liquidity pool or other traders for peer-to-peer trading. Spectre.ai offers 24 hour liquidity and removes any chance of broker fraud by taking them out of the equation with their automated business model. Holders of the Spectre.ai dividend token (SXDT) are given 2% of the company’s profits, in the form of SXDT.

History of Spectre.ai Dividend Token

Spectre.ai was conceived in late 2016 by a team of blockchain and finance-minded individuals. It held its token sale in Q4 2017 and had its public launch at the beginning of 2018. By the end of January 2018, SXDT briefly surpassed a $50 million market cap. Spectre.ai is registered in the Cayman Islands.

How Spectre.ai Dividend Token Works

When a trader opens a trade on the Spectre.ai platform, the price of the asset they have bet on is observed by a live, verifiable price feed from several audited financial sources. The final outcome is determined when the trade ends, by comparing the price of the underlying asset upon expiration, with that of the price upon entry. If the trader loses a trade, their wallet is automatically debited for the bet amount and SPECTRE’s liquidity pool is credited. 2% of trading fees are paid directly to SPECTRE’s operational expenses while 2% is payed out as a dividend to SXDT holders. The remaining 96% of the trader’s loss goes to SPECTRE’s liquidity pool. If, on the other hand, the trader won, they receive an instant 75% ROI (return on investment) and SPECTRE’s liquidity pool is debited for that amount. As with when a trader loses a wager, a 2% operational fee is paid to SPECTRE and 2% to the SXDT holders. SXDT profits are therefore not driven just by losses but instead by overall volumes. The whole process is administrated by a smart contract built on the Ethereum blockchain and cannot be meddled with by human intervention.

Why Spectre.ai Dividend Token?

As explained above, SXDT holder benefit when the Spectre.ai platform experiences popularity. As an Ethereum-based, smart contract-driven brokerage, Spectre.ai offers the following benefits as a cryptocurrency platform:

No broker required. All functions normally filled by a broker or agent are 100% automated through the use of smart contracts, which are automated, secure and transparent, thus eliminating the chance of broker fraud.

No deposit required. Trades and the purchase of financial products can be performed straight from the user’s digital wallet without having to deposit funds to a centralized source.

Automated settlement and verification. Each trade transaction is mined and settled on a digital ledger, providing a decentralized alternative to traditional trading options.

Unique range of smart contracts. Spectre.ai’s platform allows retail traders to trade using “Smart Options,” a new class of trading contracts with verifiable outcomes. These include currency pairs, stocks, bonds, as well as other asset pairings.

Crowdsourced liquidity pool. Classical brokerages have balance sheets which their traders are trading against, which are sometimes fictitious and not backed by real assets. This possibility of fraud is done away with by the use of peer-to-peer tradings and Spectre.ai’s own verifiable liquidity pool, which is maintained through use of smart contracts.

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