May 2 Bitfinex among first to list SPEC, Native Token of Spectral
ROAD TOWN, British Virgin Islands – May 2, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that it will be among the first exchanges to list SPEC, the native token of Spectral, a Layer 2 protocol deployed on the Arbitrum. network designed to integrate artificial intelligence and machine learning with blockchain technology to improve on-chain capital efficiency.
Spectral focuses on the untapped market for credit risk and risk infrastructure in the Web3 ecosystem. By applying zero-knowledge machine learning (zkML) and decentralized validation, Spectral has built an artificial intelligence network capable of connecting machine learning to smart contracts. By leveraging this network, Spectral claims to offer a decentralized credit risk assessment infrastructure capable of seamlessly integrating credit risk assessments with Web3. Through this technology, Spectral seeks to demystify the credit scoring process by using its machine learning models to quantify a user's or company's credit risk in a credible and neutral manner, providing access to capital without bias or inequality.
SPEC, Spectral's native token, functions as a governance token that allows holders to vote on operational decisions and can be used for staking to fortify the network.
“Spectral's approach to solving the biases and mysteries inherent in the credit scoring industry is exciting. By leveraging machine learning and AI to bridge the gap between credit risk and risk analytics in Web3, Spectral is creating important innovations for the future of DeFi. We are excited to be among the first exchanges to list their SPEC token,” said Henry Child, head of tokens at Bitfinex.
SPEC depots are expected to open around 1:00 p.m. UTC on May 2, 2024, subject to network conditions. Trading is expected to begin at approximately 11:00 a.m. on May 6, 2024, subject to liquidity requirements being met. SPEC will be tradable for US dollars (SPEC/USD) and Tether tokens (SPEC/USDt).
To access SPEC on Bitfinex, customers can visit https://www.bitfinex.com/.
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About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering industry-leading services to global traders and liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC marketplace, and margin trading for a wide selection of digital tokens. Bitfinex's strategy focuses on providing unprecedented support, tools and innovation to experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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