Monday, November 1, 2021

Ikan Bilis – Used To Fund Community Initiatives, Reward Behavior For Social Good

Best wishes to all of you in the BLG Community
Back with me, <faujan.nawawi> this time I invite you to review an interesting project that will lead you to your next success.

#ikanbilisdao #powertotheplebs #solana #HERR #IKAN #BEP20 #ICO #Cryptocurrency



This is the social currency of the Ikan Bilis DAO, which will be used to fund public initiatives, encourage behavior for the good of society. There will be other community driven features coming for this token, but for now these are use cases for the token.

Problem: Draconian Infrastructure in Tradfi

Retail growth is growing steadily, with millennials now accounting for nearly 58% of all retailers in the world. The crypto space is gaining market share in the growth of retail and institutional traders, despite higher fees, falling prices, and cybersecurity and legal issues that plague the space. Despite this, over 54% of retail CFDs use trading tools provided by MetaQuotes Software, which are difficult to integrate due to the lack of good documentation and talent in this area. Resistance to change can be attributed to the trader's preference to stick to what he is familiar with and the lack of something clearly better. MT4 and MT5 also have tools such as an advisor and copy trading to help people automate their trades and strategies that have yet to be built on Defi.

Solution: Pairing Tradfi with Defi

Ikan Bilis aims to convert the other half of retail traders to the defi ecosystem. Through the use of behavioral tokenomics, the development of better tools for traders, and a more transparent and democratic governance process, we hope to narrow the gap between Tradfi and Defi. Ikan Bilis will build an ark, symbolizing trust and convenience for the masses, which will help relocate those who want to leave the old world in the new.

Ikan Bilis DAO

Will work like a DAO . All decisions concerning ecosystem participants and stakeholders are up for voting and made by the community through the ownership of the $ IKAN token .

Stimulates community growth and engagement with $ HERR.
Will start from a centralized platform with key integration partners such as brokers and data providers, and gradually move towards full decentralization.

Product overview

The project has an extensive product roadmap aimed at creating tools that will help as many retail traders as possible become better at trading.

These include, but are not limited to, easier-to-use trading interfaces, backtesting tools, smart dashboards powered by artificial intelligence technology, and automation tools that help traders manage their workflows. There will also be peripheral technologies that we will continue to develop to help us operate as DAOs as efficiently as possible.

Trading platform

At the time of writing, Ikan Bilis v1.0 uses the extensive toolbox that comes with the MT4 platform.

We have partnered with Global Prime, an Australian broker that will offer brokerage services for forex, indices, metals and cryptocurrencies with very tight spreads on the MT4 platform. We are also partnering with MetaApi, which will provide us with endpoints for statistics on our trading activities. The service also allows us to take advantage of the copy trading and MT4 advisor capabilities that we can turn into additional services for our traders in the future.

With a stable and good user experience, MT4 has been around for quite some time now and the user interface is starting to pale in comparison to Robinhood and some Defi interfaces. We do not exclude the possibility of developing our own user interface, while leaving MT4 as the core of trading and brokerage services. We're also constantly looking for Defi alternatives (like dy / dx) that might fit our use case, and as the team grows, we don't rule out the possibility of developing our own solutions.

Trading instruments

At the heart of the Ikan Bilis development team is helping traders make timely and more informed trading decisions. This cannot happen without a suite of quantitative and automated tools that our traders can use to better perform in the markets. Due to the lack of good tools for reverse trading, traders often have to use a blind strategy. This is of concern to most traders as they are not aware of the parameters and characteristics of the trading strategy they are using. For the few who manage to achieve profitability without abandoning their strategies, their profits are often not optimized and they have to compromise in favor of lower profits in order to remain psychologically balanced.

We will also create tools suitable for different trading styles. For swing traders who do not follow the chart all the time, we are implementing a simple SMS / Email notification tool that notifies traders of price movements in the markets. For traders who would like to automate their strategies, we will develop a codeless method that allows traders to set the parameters for entering / exiting their trade.

Tokenomics

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

Potential traders will first pay a commission to go through the preparation and appraisal phase. At this stage, they will have access to all educational resources on our platform, which will provide them with the necessary trading tools. Traders can spend as much time as is necessary for training and practice, and only after a successful assessment they will be provided with a real fund for trading. This step is necessary to ensure that only traders who have demonstrated effective risk management strategies and achieved profitability 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 stimulate socially good behavior and to celebrate a trader's milestone and can be sold for $ Icahn management tokens. the token is used to control permissions and settings of the trading account perimeter.


Distribution

The token supply will be limited to 1,000,000,000 tokens, 20% of which will be sold as part of the ILO's fair offer to launch on Unicrypt. Prior to the ILO, there have not been and will not be any seed or private rounds to remain true to the ideals of the Ikan Bilis DAO.

Name: HERR
Symbol: MR
Contract address: 0xaed5E14D8c1c264B21289a238496D7b5840c9013

Decimal place: 18
Foundation / Team: 10% with 10-year arrest
Consultants / Marketing: 25% with more than ten years blocking
Liquidity / listing: 10% (liquidity locked on PancakeSwap)
Public reserve and treasury: 50% (locked over ten years)
Initial liquidity supply: 3% with one month lock
Bounty / Airdrop: 2% with a one month block
Starting price: $ 0.01.

This token is created as a governance token and each token represents a stake in the ecosystem. $ IKAN tokens are not pre-sale, nor will there be an initial offer. They can only be obtained through $ HERR tokens. By using $ IKAN tokens, the community can address issues that affect the future of the DAO. Some of these decisions include, but are not limited to, monetary policy and the use of treasury funds.

There is no limit on the number of tokens that can be minted, but each of them is minted exclusively for a specific event. Each token is minted and presented to the funded trader, like an NBA ring, after passing the test. At the launch of Ikan Bilis V2.0, there will be an honest lottery to buy these tokens. Each token awarded gives the trader unlimited retries in the funded challenge for which he was awarded, and also takes on the attributes of the total funds allocated to the trader, profit sharing, as well as the maximum losses allowed on the account. 

Road map



May 2021: the birth of an idea
June 2021: establishment of Ikan Bilis Capital Pte Ltd
July 2021: Partnership established with Global Prime and MetaApi.
August 2021: Release of version 1 / White paper
October 2021: Airdrop of $ HERR Tokens to Community Members
November 2021: V2 launch ($ IKAN and $ SHARK tokens).
December 2021: Launch of Trader Tools (refund / price notification)

Author : faujan.nawawi
Submit your Binance chain ( Bep-20 )WALLETE ADDRESS : 0x7fc3EAFbEff23615301026b23722294c3fFfDB43

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