Ikan Bilis

Ikan Bilis

Introduction

There have being tremendous growth in the entire fintech industry. The cryptocurrency industry has appreciated up to a $2.7 Trillion with meme assets such as Doge Coin and Shiba inu hitting the roof. Again, the stock market has risen to appreciable levels with the US stock closing at a record high. A factor that has constituted to this growth is the dissemination of information. Investors and traders of every level rely on news to trade. This news might be an indicator in technical chart or fundamental news from Forex factory. Where ever the source might be the market seems to go in the bullish direction based on the prevailing news. Retail investors now misinterpret spot trading with professional trading and investments.

The Problem

But a lot of people have seized this opportunity to carry out fraudulent activities. Most new retail traders come into the market with the notion that there is already a set path on sight to carry out profitable trading. They rush to social media platforms and find news related to their search. They follow most Key Opinion Leader but on knowingly to them, this leaders have been paid to supply positive news which can cause an up surge in price; causing the administrators of the project to dump the assets in the market and then flee with investor’s money. Another, tactics some crypto firms use is to pay content creators to create hype around a project when the price is in an all time high position; a lot of investors come in the administrators dump major of the asset and then run away with the money, making the retail traders to lose. In the Forex industry, So many brokers carry out booking trading where they trade against their clients’ trades. Here they take on positions that can potentially obliterate clients stop loss positions. After taking out the positions in sensitive resistant or support levels, the market continues to go in the direction of the trend. Also the brokers in this category study the trading history and pattern of their clients and then take advantage of them. My personal solution to this kind of problem is for traders to register with Big and established brokers that have little or no interest in their trading capital. This is the reason why 70% to 80% of traders lose money in the cryptocurrency and the Forex Industry.

 

A Review of Ikan Bilis and the core team’s genius solutions

The Ikan Bilis project is one that originates from Singapore. As a solution to the menace described above, The Ikan Bilis core team have ingeniously set up a system. The core team engages traders in a trading competition and the winners of the competition are granted a Non- Fungible Token (NFT) as a hallmark of their achievement. This NFT token will serve as a track record and will signal to retail traders that you have being certified. The NFT will serve as a special identifier abrogating to an immutable record of trading history. This system will help protect Retail traders who are just emerging from falling into the trap of many fake Key Opinion Leaders who position themselves are professional profitable traders online,. It’s that simple! You can you are an expert? Then show your NFT token. Another intelligent approach Ikan Bilis uses is to place the incentives of a trade mentor with that of their subordinates or mentees, leading to a beneficial symbiotic relationship. This will set new retail traders up for success.

 

Merging the Traditional World with the Crypto Decentralized Finance (Defi) World

The traditional finance world is characterized by traders who trade in the Forex industry or with Binary or indices. They employ tools they are familiar with to execute their trades’ leading to victory. The tool can include MetaTrader 4 and 5, a product from MetaQuotes software. Metatrader have special trading tools such as Expert advisers, indicators or simply copy trading techniques that helps catapult traders to victory. Crypto traders on the other hand lack these luxuries and rely basically on candle stick techniques or Moving averages, embedded in their charts to guarantee success on a technical level. This is so since getting good documentation and talent in the crypto space is difficult. Despite this shortcoming, many traders still experience tremendous success. In my opinion, the Fear of Missing Out (FOMO) or basically the amount of participants that flock into the crypto space to buy assets in a bullish market. These have lead to more than 58% growth in the retail traders’ world.

 

Bridging the Tradfi to Defi

The core team at Ikan Bilis aims to win over the other half of the Tradfi retail traders to the Defi world. They aim to achieve this through the use of behavioural tokenomics, the creation of better tools for traders and a more reliable and transparent and democratic governance process. The core team aims to bridge the gap with this approach. Ikan Bilis would be the first to do this building the vessel that would symbolize trust and convenience for the Tradfi traders that would want to ferry from the old world to the new.

 

Ikan Bilis Unique Trading Platform

Ikan Bilis developed their own platform, Ikan Bills 1.0 and have embedded the wide array of tools that comes embedded in the Metatrader 4 platform. The platform gives new and seasoned traders the privilege of learning and trading various digital assets. The platform would be so friendly that new would first pick up trading and horn their trading skills in a regulated and controlled environment. The core team at Ikan Bilis would evaluate the level of progression the new traders make and upon satisfactory result apportion real actual funds for the traders to trade with an earn commission based on the profitable trades they make. Here the platform would give the new traders the privilege to trade using NFTs (non-fungible token). Each Trading tier would state their trading commission and the size of their trading fund. $HERR an in- app currency would be disbursed to successful traders as an incentive to drive philanthropic and charitable works in the society. $HERR would be swappable to $IKAN token which would be used for decision making.

 

Meaningful Partnership secured by the Ikan Bilis core team

The core team has gone to the extent of securing partnership with an Australian Global firm called Global Prime. The team would offer brokage services for Forex, Indices, Metals and Cryptocurrencies at a very tight spread on the MT4 platform. Again, the team have also partnered with MetaApi. Their work would be to make known endpoints that would help the core team retrieve statistical data on Ikan Bilis’ Trading activities. MetaApi’s service would also allow the core team at Ikan Bilis to employ MT4’s trading and expert advisor functionalities which would be would be able to turn into value added services for their esteemed traders in the future.

Ikan Bilis Listed in Unicrypto

Ikan Bilis will be listed in Unicrypto. They carried out their ILO there on the 25th of October 2021. You can visit the site to get more detailed information about the project.

• Ikan Bilis Tokenomics

• Ikan Bilis ecosystem would be driven by three distinct currencies.

• $HERR

$HERR would be the base currency, serving as a utility token to pay for digital services on the Ikan Bilis platform. It can also be awarded to community members for their adequate conduct and behaviour in the group. Aiding the community to grow and survive. All new registrants would be awarded $HERR tokens as a welcome token. A lot of activities would be conducted on Ikan Bilis’ platform, such as referral programmes, review of blog or Youtube videos and Bounty programmes. All these activities would be compensated for using $HERR.

 

$HERR Tokenomics

• Token Total Supply: 1 Billion tokens

• ILO sales on Unicrypt: 200 million

• Name: HERR

• Symbol: HERR

• Contract Address: 0xaed5E14D8c1c264B21289a238496D7b5840c9013

• Decimal Place: 18

 

$Ikan Governance

Acquired $HERR tokens can be swapped for $IKAN tokens. IKAN tokens is by the ecosystem stakeholders to vote on matters involving mass opinions. It is governance token. Examples of such decisions include Monetary Policy of the DAO and the use of treasury funds to list a few.

$SHARK: Immortality

This is a Non Fungible Token granted to traders for a successful completion of their evaluation process. In addition with the shark token acquired, traders would be given an account with real dollars to trade with.

Road Map

The roadmap of a project shows the team's proposed plans and dealings in the immediate and near distant future. Ikan Bilis 's core team has layed out a comprehensive plan and road map that investors and stakeholders can familiarize them self with. Kindly see the detailed description below.

Conclusion

It is imperative for the new retail traders in the Defi world to not fall prey to the sarcasm and scams of fake Key Opinion Leaders. The core team has deemed it fit to grant successful traders who pass their evaluation, NFT tokens which will show a proof of their worthiness, new retail traders can search for these mentors and be their mentees. Again, I like the fact that a platform would be setup where new retail traders would be able to horn their skills before they can attempt trading in live markets. This environment would help them develop the self confidence needed to participate in live trading. The team has gone as far as Australia to secure partnerships with Global Prime and MetaApi, partnerships that would take the IKAN Bilis trading platform to formidable new heights in the nearest future. I am confident the core team knows what they are doing and that they would successfully bring the Tradfi and Defi world traders to trade on a single platform in the Ikan Bilis ecosystem.

 

Some Useful Links

Webseiten: https://dao.ikanbilis.capital/

Whitepaper: https://drive.google.com/file/d/1R0-f4Gf0d7TF6NKT5iXedBsDK0TGnXse/view?usp=sharing

Twitter: https://twitter.com/IkanBilisDAO

Facebook: https://www.facebook.com/profile.php?id=100069966662252

Telegramm: https://t.me/Ikanbills

Youtube: https://www.youtube.com/channel/UCrba4rNZHtNhfn79FAwjpQg

 

AUTHOR

Bitcointalk Username: Didac Vila
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2853233
Telegram Username: https://t.me/NesyaNabila4
Wallet : 0xd1aafbb191a7f492f78b9a882add51847d01b6c6