IKAN BILIS: Used to support community activities and to recognize excellent behavior
Introductory
The fintech sector as a whole has seen enormous development. The cryptocurrency market has grown to a value of $2.7 trillion, with meme assets like Doge Coin and Shiba Inu skyrocketing in value. The stock market has surged to new highs, with the US stock market finishing at a new high. Dissemination of knowledge is one mechanism that has contributed to this rise. News is relied on by investors and traders at all levels to trade. It might be a technical chart indication or Forex factory fundamental news. The market appears to be moving in a positive direction, regardless of the source. Spot trading is now confused with professional trading and investing by retail investors.
The problem
However, many people have taken advantage of this situation to commit fraud. The majority of new retail traders enter the market under the impression that there is a predetermined route to follow in order to make money. They flock to social media sites in the hopes of finding news about their hunt. They unwittingly follow the majority of influential figures. These leaders have been paid to spread favorable news in the hopes of inducing a price increase, leading the project’s administrators to dump the assets on the market and depart with the money of the investors. Another strategy used by certain crypto organizations is to hire content producers to generate buzz around a project when the price is at an all-time high; a large number of investors come in, the administrators dump most of the assets, and then flee with the money, leaving the retail traders out of pocket.
Many brokers in the Forex business engage in booked trading, where they trade against their clients’ trades. They pick bets here that have the potential to annihilate their customers’ stop-loss positions. The market will continue to move in the direction of the trend after taking out positions at crucial resistance or support levels. Brokers in this category also research their clients’ trading histories and patterns before exploiting them. To solve this problem, I recommend that traders register with large, well-established brokers who have little or no interest in their trading funds.
A Review of Ikan Bilis’s and the core team’s brilliant ideas
The Ikan Bilis project is a Singapore-based initiative. The Ikan Bilis core team has devised a mechanism as a response to the aforementioned threat. The core team organizes a trading competition for traders, with the victors receiving a Non-Fungible Token (NFT) as a token of their accomplishment. This NFT token will serve as a track record for retail traders, indicating that you have been certified. The NFT will act as a unique identifier for an immutable record of trading activity. This technique will aid in preventing new retail traders from falling prey to a plethora of imposters. Professional, successful internet traders who present themselves as key opinion leaders. That’s all there is to it! You think you’re a pro? Then you’ll need to display your NFT token. Another clever strategy Ikan Bilis employs is to align a trade mentor’s motivations with those of their subordinates or mentees, resulting in a mutually advantageous symbiotic relationship. This will help novice retail traders get off to a good start.
The uniqueness of the Ikan platform
Ikan Bilis created their own ecosystem, Ikan Bills 1.0, and have integrated the Metatrader 4 platform’s extensive set of features. The platform allows both novice and experienced traders to learn about and trade numerous digital assets. The platform would be so user-friendly that novice traders would be able to learn how to trade in a regulated and controlled environment. The core staff at Ikan Bilis would assess the new traders’ degree of advancement and, if the results were good, distribute real genuine cash for the traders to trade with and earn commissions on profitable deals. The platform would allow novice traders to trade, utilizing NFTs, in this case, (non-fungible tokens). Each trading tier would specify their trading commission and trading fund amount. Successful trading would be rewarded with $HERR, an in-app currency, as an incentive to encourage humanitarian and altruistic activities in society. The $HERR token would be swappable for the $IKAN token, which would be utilized to make decisions.
In conclusion
It is critical for novice retail traders in the Defi industry to avoid falling prey to the sarcasm and deception of impostor Key Opinion Leaders. Successful traders who pass their evaluation will be awarded NFT tokens, which will serve as proof of their merit. New retail traders can look for these mentors and become their mentees. Again, I appreciate the idea of setting up a platform where novice retail traders may hone their abilities before attempting to trade in real markets. This setting would aid them in gaining the self-assurance required to engage in real trading. The team came to Australia to discuss agreements with Global Prime and MetaApi, which will help the IKAN Bilis trading platform reach new heights in the near future. I am certain that the core team understands what they are doing and that the Tradfi and Defi worldwide traders will be effectively integrated into the Ikan Bilis ecosystem to trade on a single platform.
Useful links
Writers information
Name: okpanku emperor
Telegram: @ Emperoruky
Bitcointalk forum Name: Ukyokorie
Bitcointalk profile link
Prove of authentication
Wallet address: 0x71bA7B5F69a003a2860359CFe05c828f60CbdD81
