This year is more than flourishing for crypto trading, now that big brands and institutions are finally joining the blockchain movement.
However, with so many cryptocurrencies launched in the last years, trading may seem a real challenge, especially for newcomers. Therefore, some passionate and enthusiastic people decided to form a team and developed the Tycoon software – that will solve this issue once and forever.
What is Tycoon about?
Tycoon is an innovative ecosystem created to help traders regardless of their experience. The ecosystem is based on the profit share business model, where every party involved is gaining something.
The main goal is to build trust between expert traders and novices, convincing more people to join the crypto community without worries and making crypto more powerful than fiat.
What is the process?
The process is very simple, and maybe you can form an idea based on the process’s name – copy trading.
Each trader can link his/her Binance account with an API key on Tycoon. This enables the platform to allow beginners to trade automatically according to the activity of the experts selected.
That means the major traders are listed on the platform. You may opt to follow the strongest traders listed and then Tycoon’s platform will give you the option to replicate their activities. So you have the opportunity to mirror professional traders with very little effort.
But that does not mean the experts are being used and get nothing in return.
The followers pay the platform provider, which is then divided between Tycoon and the expert trader according to his rating. But no worries, the process costs just 30% of the profit share. So from 70% up to 77.5% of the profit share belongs to the follower in the event of profitable trades.
On Tycoon, you don’t need to get anxious about the success of your chosen trader.
A significant advantage of the Tycoon ecosystem is that it allows users to discard a trader if he looks like he’s failing. If an expert trader gets below the defined threshold, the software will stop trading immediately and automatically limit the follower’s losses based on the pre-set customizable threshold.
But not to worry. There are various professional traders to whom you can allocate a part of your assets. If you want a rich portfolio, follow as many traders as possible, and you will see the difference.
What benefits are for expert traders?
Tycoon does not profit from the traders’ hard work. The fact that they are constantly with the eyes on the market changes says enough about their contribution to the crypto area.
Therefore, based on their number of followers and their profit ratings, traders get additional profits from Tycoon. Traders can earn up to 14% of the profit share depending on their ranking.
Furthermore, traders will be given forecasts of potential followers based on their ranking. Thus, the trader will know how much he could gain on Tycoon and see if his business strategy needs to be changed.
Are there any other benefits for the followers?
In addition to the potential earnings and the feature to halt losses, followers can also see the metrics of their chosen traders’ activities. In other words, users can carefully consider whether or not it is worth pursuing a particular trader.
The demo account – where rookies can attempt copy trading without using real money, is another major advantage.
Is the platform safe?
Tycoon has integrated multi-factor authentication, meaning that cyber thieves would need to put in too much effort to get to your account. And for a plus of safety, users’ data is not public, each of the traders and followers has the option to use the platform under an alias.
The Tycoon token
As we said before, Tycoon is a complete crypto ecosystem, so it would be odd not to have its own ERC-20 token.
Tycoon’s token is on sale until March 31st, and it can be acquired for 0.10$ by visiting their website.
The main advantage of Tycoon’s token is reducing any platform fee or costs by 25% for all users.
Who came up with the idea?
The innovative software was the idea of business experts Serdar Bisi, Hakan Turgut, Semira Keklik, and Pedro Merkl. They brought together their best teammates with extensive professional experience, especially in cryptocurrency and blockchain technology.
They began in 2018 and eventually brought the project to the market this year, with plans for an Android version to be produced as quickly as possible.
Now that you met the team, join the best-promising platform for crypto trading!
Disclaimer: This article is a paid post and must not be considered as news/advice.