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How Tycoon will Change the Way of Social Trading

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We all love the romantic idea of copying a professional trader’s trades. However, the main issue with this concept is that it’s mostly being offered by market maker brokers that never have the client’s best interest at heart.  Usually these brokers make a profit at the expense of their clients’ loss. In that case, how can you trade in peace knowing this? Impossible. 

Tycoon is here to offer the real experience, crypto social and copy trading connected directly into the world’s leading cryptocurrency exchanges using real assets and all of it while giving you full control over your funds as they’ll stay exactly where they belong, in your account.  

One of the most important points you need to know about Tycoon is that the business model is designed to properly have the client’s best interest as a number one priority; we can only make a profit if our traders are on the same path. This means you’ve finally found a real business partner, whether you’re a professional trader or a follower trying to copy a guru’s trading technique.   

What is Tycoon?

Understanding the whole essence of Tycoon lies in its creation. On a summer evening in 2018, two best friends were talking about the problems clouding the crypto trading sector. They decided to come up with an idea that would change the lives of every trader forever. In that case, Tycoon came to life as the first true Copy Trading platform. The platform is the first fully autonomous, user-friendly, and trustworthy social crypto trading platform that uses real cryptocurrencies. It brings to you all the help you will need to bring out every potential in crypto investments.

This platform aims to bring a connection between professional traders and users’ aimed to profit from copy trading, also known as followers. Tycoon allows followers to leverage its CopyTrader functionality to copy other experienced traders’ portfolios fully-automatically. Moreover, Tycoon embeds the Tycoon Token, which is live on the Ethereum Mainnet, to act as the native medium of exchange on the platform next to BTC and ETH.

Why is Tycoon a Game Changer?

Most of the social trading platforms out there are offered by market maker brokers that never have the trader’s best interest at heart. However, Tycoon only works with real cryptocurrencies traded at the world’s leading exchanges such as Binance, so it’s safe to say that this is as real as it gets when it comes to social trading. 

What would be the point of Copy Trading if you’re not doing it with the real asset itself? Many companies offer social trading services inside market maker brokers where the client’s best interest is never at first place. 

Tycoon only makes a profit if traders make a profit, so this is one of the very few businesses that have the client’s best interest as a core principle. 

The technology allows beginners to follow different traders at once, therefore fully diversifying their trading portfolios. They can learn from the existing traders, follow their strategies, and enjoy significant returns without actually trading themselves.

This new platform allows followers to copy the trades of any professional trader without sending away their investment out of their own accounts on their preferred exchange.

Amongst other innovative functionalities, Tycoon includes:

  • Copy Investments Capabilities

The social crypto trading platform gives investors ‘followers’ ability to copy investment strategies fully-automatically. Beginner traders can start copy-trading without entrusting their wealth to untrustworthy parties, institutions, or individuals.

  • Trader Ranking/Classification

Tycoon platform classifies traders using different attributes, including experience, assets used, etc. These classifications ease the process of searching for traders with specific characteristics. Traders need to consistently provide value to the community to be able to achieve higher ranks.

  • Complete Confidentiality and Security

Many social networking platforms are clouded with severe insecurity and privacy issues. Most networks transparently display individuals private trading data, thus increasing phishing and hacking chances. However, Tycoon completely encrypts confidential information and secures user data in the highest possible way. Users have the option to operate freely and anonymously on the platform. Moreover, this platform encompasses additional security by implementing Two-Factor authentication, KYC and professional backend security.

  • Maximum Traders Benefit with no Additional Efforts

Experienced traders enjoy profits based on their followership and the profits gained by the followers. Higher following and investments translate to higher profit-shares. Traders do not manage the followers’ assets at any time. They just trade as usual on their desired exchange. Tycoon does the job independently.

How Can You Become Part of Tycoon?

The Tycoon Tokens’ maximum supply is 140 million tokens. They plan to sell 60% of the leading token supply in private and public sales. The easiest way to enjoy the tycoon platform’s benefits is to buy a portion of the token, especially during the ongoing public sale.   

Holders of the Tycoon Token will have early access to the platform during the launch.

The minimum tokens purchasable in the public crowd sale is 2000 tokens, each valued at 0.1 US dollars during the crowdsale. Right now Tycoon offers an immediate Bonus of 10% on every purchase in the shop.

The referral program gives a 15% token commission for every successful recommendation to both parties. Moreover, If a trader’s referral purchasing volume reaches $5000, the trader will earn a $500 worth bonus on top. 

Apart from the value benefits, Tycoon users will enjoy being part of the Tycoon platform’s growth, ultimately translating to cryptocurrencies’ growth. 

So, What’s coming next? 

The official tycoon platform is about to launch in the second half of 2020; however, the platform will undergo a series of updates to ensure it hits the highest standards. Moreover, the platform plans to embed more prominent exchange partners to widen its reach.

Before the end of the first half of 2021, Tycoon is planning to launch a mobile app to natively integrate your notifications on your mobile. These future additions will lead to the growth and development of the entire platform. Now is the best time to invest in the medium to enjoy discounted prices and be the first to enjoy the new most secure investment app.

In a Nutshell

It is a new era where we wish to maximize the profits we make from cryptocurrencies. Tycoon is here to finally bring professional traders and new investors together on a beautiful and simple copy trading platform.

As the ultimate social trading platform, Tycoon offers professional traders to generate revenue from their audience by trading professionally and conscientiously with their funds.. Being the follower offers you an opportunity to diversify your assets while learning from the best. As the pro trader, you can be sure of rewards from others utilizing your skills and earning from them.

All you have to do is buy the Tycoon token from shop.tycoon.io today to join the great community. Furthermore, it will give you an earlier access to the site after the token sale to commence your trading.

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Nordek, Powered by NRK – Joins World Blockchain Summit – Dubai 2023 as Powered By Sponsors

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Nordek is delighted to announce that they are now the Powered By Sponsor at World Blockchain Summit 2023 organized by Trescon. World Blockchain Summit (WBS), an event by Trescon is all set to host the 24th edition of its flagship event on March 20-21 at Atlantis the Palm, under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum. The event features 100+ speakers, 300+ investors and 2000+ web3 stakeholders to explore the limitless potential of this transformative technology.

NORDEK strives to be the most business and consumer-friendly blockchain ecosystem for the mainstream adoption of web3 payments. NORDEK is designed to be user-friendly, interoperable, and compatible with both blockchain and non-blockchain developers.

At the World Blockchain Summit (WBS) 2023, Nordek participated as the most promising and rising layer 1 blockchain. Mr. Raajessh Kashyap Co-founder & CEO of Nordek said “While the global cryptocurrency market has experienced exponential growth, it has yet to demonstrate significant practical use in real-world payment settlement. This can be attributed, in part, to the limitations in the scalability and simplicity of blockchain dApps, which prevents crypto from achieving the status of a widely used, readily exchangeable asset. The ability to scale has a profound effect on the applicability of blockchain technology and its overall liquidity.

Nordek is providing white-label infrastructures for custom swaps, exchanges, bridges, NFT marketplaces, launchpads, and wallets, enabling developers to launch their projects faster and minimize go-to-market time. The NORDEK gaming hub is also available to developers to provide fast throughput, development efficiency via solid infrastructure, templates, and funding, among other things.

Simplifying things for Starters who are more eager to enter the fascinating world of Crypto trading and Exchanges, Norpay is a Nordek crypto (prepaid) MasterCard that allows users to pay via point of sale (POS), ATMs, and other payment channels. On the other hand, Norflix is a Nordek crypto voucher service that enables users to book flights, recharge airtime, bundle services and set up loyalty programs using the $NRK token. These services are set to disrupt the crypto industry and bridge the wide gap between Web3 and Web2 payments, paving the way for mainstream adoption of crypto.

About Nordek

NORDEK is a blockchain infrastructure and ecosystem that offers fast and secure solutions for businesses and consumers. What sets us apart from other blockchain platforms is our decentralized and scalable approach. At the heart of our offerings are five main components: Exchange, Marketplace, Wallet, Launchpad, and Game Hub. Each of these components provides a crucial piece of the puzzle for businesses and consumers to operate in the digital economy with ease.

Official Website: https://nordek.io/

Follow Nordek on TwitterFacebookLinkedin, and Medium for latest update from the Nordek ecosystem

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TWT Stake – A New Platform with Advanced Staking Solutions for the TWT Token

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Crypto passive income is becoming increasingly popular to compensate for the market’s volatility peaks. Staking has become a popular strategy for crypto investors to boost their returns.

TWT Stake is a new platform introducing advanced staking solutions for Trust Wallet’s TWT token. This article will examine how TWT Stake works, its referral program, and its airdrop system. The project’s roadmap will reveal this platform’s potential and future.

TWT Stake and the TWT Token

TWT Stake is a platform developed around Trust Wallet’s TWT token and built on the BNB Chain. The project aims to give users an easy and convenient way to stake their TWT tokens to earn staking rewards.

This team seeks to solve the problem of a lack of accessible and user-friendly platforms for staking TWT.

According to the project’s founders, staking TWT should not require high technical knowledge or large resources. Moreover, this process should be quick and simple.

The Solutions Offered by TWT Stake

How does TWT Stake intend to solve the issues previously mentioned? The project’s solutions aim to give users a simple platform to stake TWT tokens and earn rewards.

TWT Stake offers four staking options, each with varying returns:

  • 40 days duration: 3% daily ROI and 120% total earnings
  • 64 days duration: 2.6% daily ROI and 166.4% total earnings
  • 128 days duration: 1.6% daily ROI and 204.8% total earnings
  • Infinite duration: 1% daily ROI and 365% yearly total earnings

Using the TWT Stake platform, anyone can easily monitor their staking performance and adjust their strategy for maximum rewards. The user interface intends to be simple and intuitive, making staking TWT tokens easy even for beginners.

The idea of offering different plans allows users to tailor their staking strategy according to their goals and investment timeline.

How to Stake TWT on This Platform

As mentioned, this team plans to give the crypto community a user-friendly way to stake their tokens. To start staking TWT, you’ll need to connect with a Web3-supported wallet like Trust Wallet. Then, create a new deposit and collect your rewards.

The whole workflow aims to encourage simplicity and make it easier for users to get started with staking. It should take a few minutes to complete, giving you more time to track your rewards and plan your strategy.

Joining the Project’s Affiliate Program

This team’s affiliate program rewards the community for helping expand TWT Stake. TWT Stake will activate your referral link after one deposit on the platform.

You can earn from 0.5% to 7% as a commission on each successful TWT Stake referral, allowing you to maximize your rewards.

Technically, TWT Stake proposes what experts in the field call “a multi-level referral system.” This affiliate program compensates you for inviting users and for their referrals.

If you invite a user to the platform who, in turn, invites someone, you’ll receive a reward for both referrals.

This system incentivizes participants to invite others, creating a chain that can lead to significant rewards. It’s important to note that commission rates may vary depending on the promoted product or service.

Enhancing the Product’s Offer with Crypto Airdrops

Over the last few years, many teams have used crypto airdrops to create market traction in this sector. Airdrops consist of the free distribution of tokens or coins to users who meet certain requirements.

TWT Stake periodically distributes airdrops to users who complete quests and stake TWT tokens on the platform. The project delivers the airdrops directly to the user’s wallet, making it easy for everyone to access and enjoy rewards.

The team’s idea is to combine rewards from staking and airdrops, incentivizing users to use the platform.

What Does TWT Stake’s Roadmap Tell Us?

In the world of cryptocurrencies, having a public roadmap is essential for success. A roadmap outlines the development plans of any project. Furthermore, it clarifies to investors what they can expect from that project over time.

TWT Stake’s roadmap outlines their ambitious plans for the project in 2023. The subsections below will explain in more detail what these plans look like.

Q2 2023

TWT Stake mentioned multiple milestones in its plans for the second quarter of the year. Specifically, the first goal is launching the TWT yield-farming protocol, which allows users to generate passive income rewards.

The airdrop program is another major step for the network to further increase its community base and development.

The marketing campaign is focusing on building brand awareness and promoting the platform among potential users. Finally, TWT Stake emphasized its commitment to developing a large community and building a strong network of users.

Q3 2023

The third quarter will see TWT Stake’s token launch. Moreover, the team will develop and launch integrations with major DeFi protocols and exchanges to ensure maximum liquidity.

This quarter also includes launches of marketing campaigns that will spread awareness and help build a solid user base.

Q4 2023

The project’s roadmap will culminate in Q4 with TWT’s governance system launch and community voting.

This strategy will enhance the project’s decentralization and transparency, providing users with more control over the project.

Wrapping Up – The Potential of the TWT Stake Platform

In conclusion, TWT Stake offers an innovative platform for users to earn rewards through staking and referral programs.

The team is also actively developing new features like yield farming protocols and a community governance system. These initiatives intend to help build a strong community base around the project while enhancing its decentralization and transparency.

TWT Stake’s website gives users detailed information about the project’s progress and upcoming milestones. Furthermore, the team’s social media (Telegram and Twitter) can be an excellent source of information, sharing details on the project.

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Following Fall of FTX & Silvergate, The Crypto Market Needs Sensible Regulation

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The FTX collapse guarantees that crypto regulation will be on the US legislative agenda for 2023 — at long last. In total, six bills were introduced in 2022, focusing on a mix of aspects connected to the crypto industry for investor protection or compliance. 

As the SEC and the CFTC are jockeying for positions, the number of voices in the room is going to increase. Some don’t want any sort of regulation to exist, but others people in the industry and anti-crypto lawmakers think regulating crypto will legitimize its existence. 

The time is right for crypto custody and all other types of platforms to be supervised with certain regulations. The US has the strongest financial market in the world, and that is due in large part to regulation. Regulation will make crypto markets stronger.

No regulatory regime administering traditional finance is created in one fell swoop. Along with the system, the regime also evolves to become better, inclusive, and stronger according to the needs. Disasters like FTX become a teaching lesson for the rulemakers to improve the regulatory system. 

The digital asset industry is still in its infancy, but problems like FTX are familiar. There have been previous such events at QuadrigaCX and at Mt. Gox. To prevent these types of massive losses that also deteriorate the market trust, regulatory oversight must begin. Here are five modest, sensible steps that could be taken now that don’t even require much crypto knowledge.

  • Stablecoin Reserves

As stablecoins are intended to be less volatile, they play an important role in the digital asset ecosystem. Moreover, they are more practical for everyday transactions. However, these stablecoins have not always been so stable.

These stablecoins are intended to be exchangeable for the underlying asset at a 1:1 ratio. However, stablecoin issuers are not required by law to maintain reserves that are equivalent to the available supply. There is a chance that holders will rush to redeem their coins when a stablecoin loses its peg, creating a situation that resembles a bank run.

That’s exactly what happened with TerraUSD in May of 2022. Recently, the US SEC has found another strong point of concern against the platform, making the former stronger. It relied on trading based on a mint and burn algorithm linked to the supply of LUNA, a cryptocurrency issued by Terra. Ironically, Sam Bankman-Fried is now under investigation for manipulating the market for TerraUSD, whose collapse touched off the industry crisis that ultimately exposed his other misdeeds at FTX.

Yet, none of that is necessary to know in order to determine whether a stablecoin is backed by a dollar. The quantity of circulating stablecoins is equal to the number of dollars in reserve. Stablecoin issuers should be required to keep 1:1 reserves at FDIC-insured banks.

The birth of FDIC insurance came after the bank failures during the early 1800s. Quarterly audits of reserves and real-time reporting on mint and burn activity should be mandatory. We also need to implement safety and soundness controls with a diversity of banks proportional to reserve size.

  • Separate Trading And Custody

Customers’ requirement to maintain their money with the exchange under the current market structure is fundamentally wrong. It is not necessary to be an expert in cryptography to understand why that is a bad idea. Imagine that the Nasdaq asked the SEC to serve as its own custodian, is it possible?

The issue with counterparty risk persists even after being entirely honest. Many of these crypto custody platforms and exchanges also engage in different kinds of lending. They engage in market-making and arbitrage. As they continue to trade and hedge on other exchanges, identifying the counterparty risk on the exchange is impossible. The reason being it’s the sum of the exchange’s risk plus the risk of whatever other markets they’re participating in that plays an important role in risk assessment. 

If there’s anything one should learn from the FTX collapse, it’s that assets should be stored until required for trading by external, qualified, regulated, and insured custodians. This creates a check-and-balance for verifying reserve assets under any exchange’s control.

The public may have learned sooner that FTX was in a crisis in a fractional reserve position if trading and custody had been kept separate. After the bankruptcy, it would have been simpler to stop asset theft and hacking.

  • Require Digital Asset Exchanges To Be 100% Digital

Discontinuing direct trading of digital assets with fiat or off-chain assets will make all exchanges on-chain auditable. As a result, it will enable Proof-of-Reserves that actually work. At present, Proof of Reserves does bring some level of transparency, but they are not a foolproof solution for separating who’s solvent and who’s not, for two reasons.

  1. No one can practice it for reserves on fiat because they cannot be represented in a digital way. 
  2. It’s not possible to give proof of non-liabilities, which is really the thing that matters most. FTX combined fiat, and digital reserve components and their liabilities far outstripped their reserves. 

With pure digital exchanges representing fiat digitally as a regulated stablecoin, Proof of Reserves for everything can become a reality. The last thing to be solved is the liabilities component. 

A reasonably solid and effective system with compliance can be built by fixing settlement and clearing to be entirely digital. Exchanges are currently attempting to establish a business in a hybrid world because they have no other option. So, as a transition, it is preferable to package fiat and securities in digital form. The ability to work in a digital environment will be significantly improved after the archaic wrappers have been removed.

  • Regulate Digital Asset Exchanges’ Use Of Omnibus Wallets

In an omnibus wallet, the funds of multiple clients are stored under a single address. The benefit is that it makes key management easier for the custodian and also makes it easier to enable efficient off-chain transactions.

However, one of the main limitations is that individual customers no longer have visibility into the transactions. Neither do they have any information on the counterparty risk. It’s also unclear what happens to each customer’s funds in the event of bankruptcy.

Omnibus wallets are only acceptable when the qualified crypto custody platform is aware of each of the exchange’s clients in the omnibus pool and assets are segregated in such a way as to provide bankruptcy protection to each client. The custodian must also participate in AML/KYC compliance of exchange clients.

  • Define Securities For The Digital Era

The SEC is still using an ancient definition of securities which was developed in the 1940s. The result is it leads to underpinning their enforcement efforts. Builders in crypto have honest questions about how the rule applies to them, and they deserve answers.

Can the SEC not update their definition and upgrade the meaning of securities while taking into account the crypto era? How hard would it be for the SEC to provide an updated definition, detailed guidance, and sensible grandfathering policies? Having that clarity would go a long way toward providing protection to innovators and investors alike.

They should listen more to Commissioner @HesterPeirce, who has an open opinion that the agency should not be leading with enforcement. Enforcement is clearly in their purview, but there’s an opportunity to make the enforcement load a lot lighter by providing appropriate guidance, to begin with.

What occurred at FTX was a common form of financial fraud that has been practiced for ages. The sole connection between cryptocurrency and blockchain technology is that a lack of regulation created a level playing field for dishonest players.

Conclusion

At present, the crypto community understands SEC’s Custody Rule. These rules are meant to safeguard the crypto industry. As per this rule, the crypto custody and other types of platforms are required to separate custody from trading. This move is hailed as a positive aspect of the crypto industry. 

The crypto industry is in dire need of regulatory administration aimed at preventing catastrophic investor losses. Designers and builders are more than capable of architecting a better system to meet the requirements of regulators. Once people can’t be rug pulled or defrauded, the next discussion will be about more nuanced issues and building something more comprehensive.

It will take a collective effort to get through this phase. FTX isn’t the first exchange to run into trouble; it’s just the biggest. It is easy to compartmentalize it as one guy who was a charlatan and go back to business as usual. However, doing so will be like setting the industry up for the next failure. To come out stronger and better, it is essential to use this opportunity to take a few simple steps in the direction to lead the industry into a new direction in order to thrive.

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