Spectre.ai, the world’s first broker-less trading platform is pleased to announce it has delivered another quarter of growth in Q3, October to December 2018.
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SPECTRE Project Update
Q3 Results Figures
Due to ongoing blockchain industry volatility and the severe Ethereum price declines, results this quarter have not been as strong as anticipated, but the overall trend is upward.
Early release of Betverse (released in beta about 4 months ahead of schedule)
Active users by the end of Q3 was 1,347, with the number of registrations nearly 15,000
The liquidity pool (which, owing to well-timed treasury operations, involved conversion of ETH to USD), remained fairly static during Q3, despite a high level of withdrawals by winning traders, but witnessed a significant translational (i.e non-operating) gain owing to significant ETH price depreciation during Q3 of around 50 percent. At the end of Q3, the liquidity pool stood at around 13,970 ETH (160 percent increase over the previous quarter).
106 users have used SXUT tokens to upgrade (3 percent increase since Q2)
Q3 volume traded during — $2,059,339
Volume traded since launch — close to $4.5m (100 percent increase since end of Q2)
Revision of Guidance
As the first fiscal year ended March 2019 draws to a close, the team can give a more accurate forecast for the full year. The firm expects total Decentralized Autonomous Liquidity Pool (DALP) volumes to fall in the $6 - $15 million range, revised down from $79.2 million. The total number of traders is forecasted to come in at around 1,600–2,000 (down from a forecast of 3,000). In totality for the year ended March 2019, the group expects to have paid a reward excluding special dividends of around $500,000 and a special dividend of between $20,000 – $100,000. This would bring dollar total rewards per SXDT token to $0.0037 - $0.0042. At current market capitalisation levels, this offers a token-yield of between 1.7% and 2.0%, comfortably above the 1.2 percent the software-tech sector currently yields, thereby supporting our current valuation, in our view.
In comparison to the original guidance issued at the end of 2017, when Ethereum prices were around $700–1,000 and in bull-market territory, the group is likely come in around 130–170% above it’s ‘Bear Case’ scenario in the forecasts, however, below its ‘Base Case’ scenario by around 85 percent for the first year of operations. As for capital expenditure, the group came in 22 percent below budget for the calendar year 2018, owing to cost control.
Athol Nourse, the group’s business development director commented “While we have revised guidance down owing to headwinds in Ethereum, the group continues to grow and has made major strategic strides towards the tail end of 2018 with regards to hiring key personnel from major competitors and commence the necessary expansion into full-fiat-based trading along with adding full-fledged API connectivity to Spectre.ai.”
In addition to this, Spectre recently announced the launch of their new online skills-based betting website — www.betverse.io — where users can bet real money on themselves in a range of popular mini, indie and big league games and earn as they play, level by level. It is unique in that users can also challenge their friends with customisable peer-to-peer (P2P) and team betting, or they can bet against the liquidity pool, on reaching certain milestones and levels. Betverse is the world’s first online gaming community where the better you are, the more you earn, and is also backed by Spectre.ai’s multi-million-dollar liquidity pool (the DALP).
Coming soon in 2019
Early Expiries — the ability to close a trade early, thereby de-risking it
Volatility Products
Weekend trading
Fiat payment service providers
Mobile app for both Android and iPhone devices
A full-service API
Betverse.io out of beta
SpecEx exchange
Moonfolio
Conference Call
The Spectre.ai management team will be holding a live, recorded conference today, 21st January, 2019 at 6pm GMT. You can register for this here
https://register.gotowebinar.com/register/5356708896427964418
Regulatory Notice
Spectre.ai is strictly closed to U.S citizens. Trading involves high risk and you can lose all your money.
Links
Further Growth for SPECTRE.AI-Q3 by Oto Suvari, 21 January 2019 on Medium
Spectre.ai tokens SXUT and SXDT are traded on ForkDelta:
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