Pratiwi Kusumaningtyas: TYCOON - Social Crypto Trading

We will provide Article to present the “ TYCOON” project to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main purpose is to provide information to everyone, so that they can determine whether they are willing to analyze the company with the intention of obtaining token or invest.

Tycoon — the first Social Trading platform developed by Professional Traders. If you read this then you have probably been for the lookout for a Social Trading platform that is focussed on Crypto. And you probably have tried some solutions that did not satisfy you. That is exactly where Tycoon is coming from.

As Professional Traders the founders of this project have evaluated all available Social Trading Platforms for personal use, but were unable to fi nd a solution that has been developed with the Trader in mind. Most of the existing solutions do not meet the needs of Professional Traders. As a result there is weak adoption and limited use for Retail Traders. Our aim is to entirely change this game.

If you have less than 2 years experience in this market and are not familiar with analyzing historical price action, Market Dynamics, Macro Trend Analysis, Risk Management (to name a few) then there is a high degree of probability you will not succeed instantly to turn a profi t through trading this market. The more likely scenario is that after the fi rst year trading you will be in a loss, despite allocating a big portion of your day to understand the dynamics of the market and making better informed decisions moving forward.

Hence this is also why there is an increasing demand in this market for trading platforms that allow you to reduce the risk by following already successful traders. Traders that have no interest to share their strategies with a following base, but you do not mind to be transparent about their trades so followers can copy their trades and step up their game in the process.

Video About Tycoon :

Tycoon was designed by Traders for Traders. It meets all the demands Pro Traders have in order to get strong adoption. Only of Pro Traders adopt the platform, Retail traders can benefi t from that and select their favorite trader from a large pool of traders. The bigger the pool and the more sophisticated the ranking system, the more it becomes likely that a Retail Trader is able to identify a Pro Trader that has a similar trading style, who wants to trade the same crypto assets and who beats the market at the same time. As Professional Traders, the founders of Tycoon know exactly what Pro Traders are looking for and they don‘t fi nd it with existing platforms. Therefore our key diff erentiation is to build a platform with having the Pro Trader in mind. Only that can lead to signifi cant adoption. Without adoption from Pro Traders there is no usecase for Retail Traders?

Using Tycoon inexperienced investors are able to delegate above-mentioned diffi culties to an expert. A mere single login opens the door to the world of Blockchain technology and cryptocurrency trading.

The investor is able to use his demo account, explore the platform, gain initial experience in the crypto-market and select his favorite traders immediately upon the fi rst login. The platform is providing necessary instructions for the fi rst steps of every user, like creating wallets on supported exchanges.

With only one registration on Tycoon, investors receive easy access to cryptocurrencies and experienced traders. In contrast to available solutions on the market, Tycoon only publishes strategies actually implemented by the respective trader in their own portfolio. The platform recognizes and processes all trades in real time. This feature ensures a maximum of transparency with regards to past trading results. This leads to a bulletproof foundation for successful cryptocurrency trading

THE PLATFORM

Explore an ever-expanding variety of cryptocurrencies and automatically copy the underlying assets from professional Traders in our community.

Build your portfolio and enjoy the security and benefits of the biggest exchanges in one place.

Explore an ever-expanding variety of cryptocurrencies and automatically copy the underlying assets from professional Traders in our community. Build your portfolio and enjoy the security and benefits of the biggest exchanges in one place.

Copy investment
Followers are able to copy investment strategies from professional traders without entrusting their investments to unknown third-party institutions.
Classified tradersTraders are classified according to various characteristics and can be sorted by the follower in any way desired.
Followers confidentialityFollowers also have the option to operate on the platform anonymously.
Profits followersSuccessful traders profit from their followers added investments without having to manage it themselves.
Without additional effortTraders profit from their followers returns on investment pro rata, without much additional effort.
Privacy protection
All users have the option to work with an alias to protect their privacy.

Follower benefits

Optimum support in the selection of traders
Flexibility in following
Stop-loss feature

Trader benefits

Optimum support in positioning on Tycoon
The profi le of the trader consists of two parts. By setting trades, data records are created which are prepared by Tycoon and made available to potential followers. In addition, the feeds, which are either public or only visible to followers, can be evaluated in the form of likes. The trader receives detailed statistics on his trades and feeds. Parts of these statistics are public and can be viewed by followers or shared on social media platforms

ADVANTAGES

API key
Data privacy protection
Connection Fees
Profit Share
Payment process

Revenue model

The Connection Fees fl ow to Tycoon in their entirety, as the amount is independent of the trader‘s performance. This fee serves to cover the fi xed costs and thus enables a permanent, safe operation of the platform. They also serve to reduce the server load by preventing excessive switching of trader.

As explained in the previous section, the trader receives approximately 10% of the profi t generated. Depending on the payment method, Tycoon receives 5% or 10% of each earned profi t. Due to the increasing demand of the Tycoon token, the discount is compensated in the long run and rewarded with an increasing token value

TYCOON TOKEN

On the platform, the Tycoon Token serves as a payment currency, just as BTC and ETH. When you use the Tycoon Token, you will receive discounts on fees and profit shares, similar to BNB on Binance.

A total of 140 million Tycoon Tokens (TYC) will be distributed. The token is developed on the basis of Ethereum. The minimum compatibility with token standards is ERC-20 with the option of expansion

60% of the total tokens allocated to the sale can be split into private sale and crowdsale. The private sale makes up a maximum of 90% of the sale share. Participating in the private sale requires a minimum purchase of tokens worth $1,000. Upon conclusion of the private sale, the crowdsale commences, which amounts to a minimum of 10% of the sale share. The price per token is $0.07 for the private sale and $0.10 for the crowdsale.