kemi123: Ikan Bilis is a centralized platform with important integration partners

Hello everyone, this new post I want to introduce about a very interesting and good FISH BILIS project that is and for more details let's go to the following discussion:

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

The social token of the Ikan Bilis DAO used to fund community initiatives, reward behavior for the social good and more.

Trading in equities, forex, cryptocurrencies and other derivatives is common today. While retail investors and traders now have easy access to once-exclusive financial markets and instruments, it also exposes them to trading risks and losses. Could there be a controlled environment in which new? can traders further master the skills needed to trade profitably?

Ikan Bilis was conceived as a fair and open platform for new traders to learn and be proficient in trading various assets. Through the platform, new traders will first of all take trades and gain trading experience in a controlled environment. After successful evaluation, traders will be provided with actual funds to trade where they will earn commissions from making profitable trades.

Their access to trading will be tiered with tradable NFTs (non-fungible token) witheach tier dictating their percentage commission and the size of their trading fund. A in- app currency $HERR will be issued to all successful challengers as incentive to drive social good in the community. This token can be exchanged for the governance token $IKAN which will drive decentralized decision making amongst our community of traders.

Product Overview

The project has an extensive product roadmap committed to building tools to help as many retail traders as possible become better at trading.

These include but are not limited to simpler to use trading interfaces, backtesting tools, smart dashboards driven by AI technology as well as automation tools to help traders manage their workflows. There will also be peripheral technology that we will keep building to help us operate as a DAO as efficiently as possible.

Problem: Retail Trading Madness
Why 70-80% of traders will end up losing money?

Since the broad market flash crash of March 2020, nearly all markets have been parabolic with no end in sight. The rise of meme stocks is a sign, and it's no surprise when US stocks close the half of 2021 at record highs. This phenomenon goes beyond the stock market with cryptocurrencies like DOGE gaining traction and price. The fact is, retail investors have become irrational and confuse speculative bets for sound trades or investments.

Unfortunately, as per any market, profits will be made when there is information asymmetry. Whether it's illegal insider trading, arbitrage opportunities, or having superior qualitative or quantitative knowledge, the party who knows more wins. If nothing is done about it, money will continue to flow from the well-informed to the uninformed, further radicalizing the two ends of the rich-poor spectrum.
Solution: Democratizing data and information

Most traders do not have the privilege of being part of an inner circle and insider information that they can use to gain an edge in the markets. In order to protect their capital, traders need to learn how to learn the art of trading psychology and to hone their skills in making decisions with imperfect information.

Ikan Bilis uses techniques of positive reinforcement as well as software tools and dashboards to help retail traders make better informed and more sustainable trading decisions. This ensures that our traders main a psychological and technical edge when executing their trades.

Ikan Bilis DAO

Will run as DAO. All decisions concerning ecosystem participants and stakeholders are made by voting and are decided by the community holding the $FISH token.

Incentivizes community growth and interaction through the use of $HERR.
Will start off as a centralised platform with key integration partners such as brokers and data providers and will gradually move to become totally decentralised.
Trading Platforms

At the time of writing, Ikan Bilis v1.0 has had a lot of use a set of tools included with the MT4 platform.

We have partnered with an Australian broker called Global Prime who will offer brokerage services for forex, indices, metals and cryptocurrencies with very tight spreads on the MT4 platform. We have also partnered with MetaApi which will expose an endpoint for us to retrieve statistical data on our trading activity. This service also allows us to take advantage of the copy trading capabilities and expert advisors of MT4 which we can turn into a value-added service for our future traders.

Despite having a good and stable user interface, MT4 has been around for quite some time and the user interface is starting to pale in comparison to Robinhood and some of the Defi interfaces out there. We do not exclude the possibility of developing our own UI while keeping MT4 as the core trading and brokerage service. We are also constantly looking for Defi alternatives (eg. dy/dx) that might suit our use case and as the team grows we have not ruled out the possibility of developing our own in-house solutions.

Tokenomics

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

Prospective traders will first pay a fee to go through the preparation and evaluation stages. During this stage, they will have access to all the educational resources on our platform, which will equip them with the necessary trading tools. Traders can take as much time as necessary to study and practice, and only after a successful evaluation will they be provided with actual funds for trading. This phase is necessary to ensure that only traders who have demonstrated effective risk management strategies and achieved profitability can trade with 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 encourage socially good behavior and celebrate merchant achievements and can be traded for the $FISH governance token. tokens are used for permission control and perimeter setting on Account trading.

Name: HERR
Symbol: HERR
Contract Address:0xaed5E14D8c1c264B21289a238496D7b5840c9013
Decimal Place: 18

The token token supply will be capped at 1,000,000,000 tokens, 20% of which will be sold in an ILO fair launch offering on Unicrypt. There is and will be no seed or private rounds raised prior to the ILO in order to stay true to the ethos of Ikan Bilis DAO.

Distribution

Foundation/Team: 10% with ten years lock up
Advisors/Marketing: 25% with lock up over ten years
Liquidity/Listing: 10% (liquidity locked on PancakeSwap)
Community Reserve & Treasury:50% (with lock up over ten years)
Initial Liquidity Offering: 3% with one month lock up
Bounty/Airdrop: 2% with one month lock up
Launch Price: $0.01