SPECTRE AI
Crypto Overview
Overview
SPECTRE AI aimed to be a broker-less financial trading platform powered by blockchain technology. The project appears to be defunct as of 2023, with no active development or trading activity observed in recent years.
Purpose and Utility
The intended purpose was to create a decentralized trading platform that would eliminate the role of brokers in financial trading. The platform utilized smart contracts to facilitate trades and manage payouts.
Business Model Analysis
The platform's business model centered around trading contracts that essentially functioned as binary options, where users would predict price movements of various assets. This model closely resembles gambling mechanisms rather than legitimate trading activity.
Development and Adoption
There is no current development activity visible on the project's GitHub repositories. The official website is no longer accessible, and social media channels have been inactive since 2019. No significant real-world adoption was achieved before the project became inactive.
Token Distribution and Governance
Historical data shows that the token distribution was concentrated among a small number of addresses, with limited transparency regarding founder allocations and vesting schedules.
Crypto Impact
To assign a comfort level investing in SPECTRE AI from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SPECTRE AI.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.