Ikan Bilis DAO community initiative, reward behavior for social benefits

 


OVERVIEW

Today, the mass adoption of cryptocurrencies is already quite large. This is because cryptocurrencies offer a better alternative payment method than traditional payments. And cryptocurrencies have also become an investment tool that can provide users with a fairly high return compared to investment instruments like gold. Therefore, it is not surprising that today many people are using cryptocurrencies for their transactions or investments. Ikan Bilis DAO will be used to fund community initiatives, reward behavior for the benefit of society. There will be more community features coming for this token but for now these are the use cases for the token.

Problem: Draconian Infrastructure In Tradfi:

Growth in retail business is accelerating and millennials now make up nearly 58% of all retail businesses in the world. The crypto space has been gaining market share in the growth of retail and institutional traders despite higher fees, slippage as well as regulatory and cybersecurity issues afflicting the space. . Even so, over 54% of retail CFDs use the trading tools provided by the MetaQuotes Software. These tools are difficult to integrate due to the lack of good documentation and talent in the field. Resistance to change can be attributed to the fact that traders prefer to stick with what they are familiar with and lack something that is clearly better. There are also tools available on MT4 and MT5 like its Expert Advisors and copy trading to help people automate their trades and strategies that haven’t been built on Defi.

Ikan Bilis DAO
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Will run as a DAO . All decisions regarding ecosystem participants and stakeholders are passed by a vote and decided by the community by holding the $IKAN token.
Encourage community growth and interaction through the use of $HERR.
Will start as a centralized platform with key integration partners such as brokers and data providers and will gradually move towards becoming completely decentralized.
Product overview
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The project has an extensive product roadmap, committed to building tools to help more retail merchants become better deals.
These include but are not limited to the use of simpler trading interfaces, support tools, AI-driven smart dashboards as well as automation tools to help traders. transactions manage their workflows. There will also be peripheral technology that we will continue to build to help us operate as a DAO as efficiently as possible.

Exchanges
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At the time of writing, Ikan Bilis v1.0 took advantage of the extensive toolkit that comes with the MT4 platform.

We have partnered with an Australian broker called Global Prime that will provide brokerage services for forex, indices, metals and cryptocurrencies with very tight spreads on the MT4 platform. We have also partnered with MetaApi to provide endpoints for us to retrieve statistical data about our trading activities. This service also allows us to take advantage of MT4’s copy trading and expert advisor capabilities, which we can turn into value-added services for our traders in the future.

Despite having a solid and good UI, MT4 has been around for a while and the UI starts to fade when placed next to Robinhood and some of the Defi skins out there. We do not rule out the possibility of developing our own user interface while keeping MT4 at the core of our brokerage and trading services. We are also constantly on the lookout for Defi alternatives (e.g. dy/dx) that might fit our use case, and as the team grows we don’t rule out the possibility of developing solutions. its own internal law.

Trading tools
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The focus of the construction team at Ikan Bilis is to help traders make more informed and timely trading decisions. This would not have been possible without a set of quantitative and automated tools that our traders could leverage to better perform in the markets. Due to the lack of good reverse trading tools in the market, traders often have to be blind to a strategy. This causes anxiety for most traders as they are unaware of the parameters and characteristics of the trading strategy they are using. For the very few who try to achieve profits without backing their strategies, their returns are often not optimized and compromises must be made to achieve lower returns to maintain the balance. psychologically equal.

We will also create tools that can cater to different trading styles. For swing traders who don’t watch charts all the time, we are implementing a simple SMS/email notification tool to notify traders of price movements in the market. For traders who want to automate their strategies, we are developing a code-free method for traders to set their trade entry/exit parameters.

Tokenomics
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The Ikan Bilis solution is a system designed to find, retain, fund and reward profitable traders while keeping the unprofitable in a safe zone, protecting their capital until as they get ready for the harsher conditions of live trading.

Potential traders will first pay a fee to go through the preparation and evaluation phase. During this period, they will have access to all the educational resources on our platform, which will equip them with the necessary trading tools. Traders can take as long as they need to learn and practice, and only upon successful evaluation will they be given an actual fund to trade. This stage is necessary to ensure that only traders who have proven an effective and profitable risk management strategy can trade real money.

There are three types of tokens in the Ikan Bilis ecosystem. The $HERR token is used as an in-app currency used to incentive social good behavior and celebrate trader milestones and can be traded for $IKAN governance tokens. token is used for permission controls and perimeter settings on the trading account.

The token token supply will be capped at 1,000,000,000 tokens, 20% of which will be sold in an ILO fair launch offering on Unicrypt. There is and will be no seed or private rounds raised prior to the ILO in order to stay true to the ethos of Ikan Bilis DAO.

  • Name: HERR
  • Symbol: HERR
  • Contract Address: 0xaed5E14D8c1c264B21289a238496D7b5840c9013
  • Decimal Place: 18
  • Foundation/Team: 10% with ten years lock up
  • Advisors/Marketing: 25% with lock up over ten years
  • Liquidity/Listing: 10% (liquidity locked on PancakeSwap)
  • Community Reserve & Treasury: 50% (with lock up over ten years)
  • Initial Liquidity Offering: 3% with one month lock up
  • Bounty/Airdrop: 2% with one month lock up
  • Launch Price: $0.01

This token is created as a governance token and each token represents a stake in the ecosystem. $IKAN tokens are not presold and neither will there be an initial offering for it. They are only obtainable through the staking of $HERR tokens. Using $IKAN tokens, the community can decide on matters that affect that future of the DAO. Some of these decisions include but is not limited to monetary policy and the use treasury funds.

There is no cap to the number of tokens that can be minted but each one is exclusively minted for a specific event. Each token is minted and awarded to the funded trader like an NBA ring upon passing the challenge. At the launch of Ikan Bilis V2.0, there will be a fair launch lottery allocation for the purchase of these tokens. Each token awarded will give the trader unlimited retries on the funded challenge it was awarded for and also take on the attributes of the total funds allocated to a trader, the profit split, as well as maximum loss allowed on the account.

  • May 2021 : Birth of the idea
  • June 2021 : Ikan Bilis Capital Pte Ltd established
  • July 2021 : Partnerships with Global Prime and MetaApi established
  • August 2021 : Launch of V1/ White paper released
  • October 2021 : Airdrop $HERR tokens to community members
  • November 2021 : Launch of V2 ($IKAN and $SHARK tokens)
  • December 2021 : Launch of trader’s tools (backtrading/price notification)

Bitcointalk Username: Foxitmonny
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2762893
Telegram username : @Belovedaq
wallet : 0xCcba94BD9c8A2baAB005Ca6976C4B3290137F4ad


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