24/7 Trading, 1 Second expiry: the revolutionary asset class EPIC

The cryptocurrency space is always filled with news about how certain technological advancements are being introduced for the betterment of a particular user base. Often these updates can include fixing of bugs, as well as adding some new features to it. However, not all of such updates seem to affect the grand scheme of things as is the case with Spectre.ai’s latest announcement.

On August 1, it was announced that Spectre.ai is launching a benchmark index of Euro based currency pairs, called EPIC. Although the long term changes that this feature will bring to the market remains to be fully understood, spectre.ai went ahead and described some of the updates they have performed as part of EPIC’s launch.

About Spectre.ai

Spectre.ai is a blockchain based decentralized trading exchange, with the sole aim of revolutionizing the current trading scenario. It’s a borderless trading platform on the Ethereum network, offering smart options which function similarly to binary options. Smart options are available on a number of currency pairs including AUD/JPY, AUD/NZD, AUD/USD and CAD/JPY, cryptocurrency pairs such as BCH/USD, DASH/USD, ETH/USD and ETH/EUR along with silver and gold pairs.

About Spectre.ai’s Latest Release: EPIC

As mentioned before EPIC or Epochal Price Index Composite, is an index of Euro based currency pairs, consisting of an audited data feed based on historical price data. It is mainly focused on representing intraday market activity like volatility, related to the Euro. It is operational on a 24/7 basis, offering payouts ranging between 80% to 90%. For Spectre.ai users, EPIC is available right away using their demo money accounts.

As part of EPIC’s release, a number of improvements have been introduced concerning charts, trade timings, expiry times among other things. These have been discussed in brief below.

1. Introducing Weekend Trading: Unlike the majority of its competitors, EPIC functions on a 24/7 basis with no changes in the payout rates. Users can instead trade instantly, as opposed to wait for a Monday for markets to open.
2. Trade Exit and Entry Mapping Improvements: Exit and entry points, especially for short term trades are a plaguing issue in Spectre.Ai’s competitors. EPIC have attempted to solve this, making it possible to see where a trader has entered and exited a trade, even on a short term expiry time of one second. To remove clutter from the chart after a heavy trading session, they have introduced a wiping feature to remove all historical trades from the charts when requested.
3. Liquids Charts: With EPIC, Spectre.ai has introduced a new class of charts of a very responsive nature. These charts can update price levels almost instantaneously, and provides animated splines. This allows for a faster trading process, with the possibility of making quicker entries.
4. Nano- Expiry Timings: Adding to their existing micro-expiry times like 10 seconds, 30 seconds and one minute, EPIC has introduced Nano- expiry timings. This includes 1 second, 3 seconds and 5 seconds options for expiry, making it possible for a trader to earn up to 90 % payout within a single second.

Conclusion

EPIC is expected to be fully operational within weeks of its initial launch, which will apply to all real money accounts. Also, the updates are expected to affect all other assets as well, with many anticipating a material upgrade of Spectre.ai in the near future.