Bitfinex was the first to list Spectral’s native token, SPEC.

May 2nd Bitfinex was the first to list Spectral’s native token, SPEC.

Road Town, British Virgin Islands – May 2, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, announced today that it will be one of the first exchanges to list SPEC, the native token of Spectral, a layer 2 protocol deployed on Arbitrum. A network designed to bring capital efficiency on-chain by integrating artificial intelligence and machine learning with blockchain technology.

Spectral is focused on addressing the untapped credit risk and risk infrastructure markets in the Web3 ecosystem. By applying zero-knowledge machine learning (zkML) and distributed verification, Spectral has built a machine intelligence network that can connect machine learning with smart contracts. Spectral says it leverages this network to provide a decentralized credit risk assessment infrastructure that can seamlessly integrate credit risk assessment with Web3. With this technology, Spectral seeks to demystify the credit scoring process by leveraging machine learning models to quantify the credit risk of a user or company in a trustworthy and neutral way and provide access to capital in a way that is free from bias or inequality.

Spectral’s native token, SPEC, serves as a governance token that allows holders to vote on operational decisions and can be used for staking to power the network.

“Spectral’s approach to solving the biases and conundrums inherent in the credit rating industry is exciting. Spectral is building critical innovation for the future of DeFi by leveraging machine learning and AI to bridge the gap in credit risk and risk analytics in Web3. We are pleased to be one of the first exchanges to list SPEC tokens.” said Henry Child, Head of Tokens at Bitfinex.

SPEC deposits are scheduled to open around 1:00 PM (UTC) on May 2, 2024, depending on network conditions. Trading is scheduled to begin at approximately 11:00 AM on May 6, 2024, subject to meeting liquidity requirements. SPEC can be traded against the US dollar (SPEC/USD) and Tether tokens (SPEC/USDt).

To access Bitfinex’s SPEC, customers can visit https://www.bitfinex.com/.

*All users of www.bitfinex.com are subject to the Bitfinex Terms of Service (“TOS”). Among other prohibited persons (as defined in the TOS), U.S. persons (as defined in the TOS) are strictly prohibited from holding, owning, or operating, directly or indirectly, an Account (as defined in the TOS) at www.bitfinex. .com.

Introduction to Bitfinex

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