WHITEPAPER TYCOON Social Crypto Trading. The future of assets. www.tycoon.io
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TYCOON WHITEPAPER Social Crypto Trading. The future of assets. www.tycoon.io Scan QR Code
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1. Introduction
............................................................................................ 4
2. Challenge ................................................................................................. 6
3. Solution approach .................................................................................. 8
4. Tycoon platform ..................................................................................... 9
4.1 User .................................................................................................................. 9
4.1.1 Follower .................................................................................................. 9
4.1.2 Trader ..................................................................................................... 9
4.1.3 Demo user ............................................................................................. 9
4.2 Follower benefits ............................................................................................ 10
4.2.1 Best support in the selection of traders ............................................ 10
4.2.2 Flexibility in following ........................................................................... 10
4.2.3 Stop-loss feature ................................................................................... 10
4.3 Trader benefits ............................................................................................... 11
4.3.1 Best support in positioning on Tycoon .............................................. 11
4.3.2 Low administrative burden ................................................................. 11
4.3.3 Additional source of income ............................................................... 11
4.4 Traders‘ ranking system ................................................................................ 12
4.5 Connecting the users ..................................................................................... 13
4.5.1 API key .................................................................................................... 13
4.5.2 Data privacy protection ....................................................................... 13
2 TYCOON WHITEPAPER
4.6 Fees .................................................................................................................. 14
4.6.1 Connection fees .................................................................................... 14
4.6.2 Profit share ............................................................................................ 14
4.6.3 Payment process .................................................................................. 15
4.7 Revenue model .............................................................................................. 15
4.8 UI-UX ................................................................................................................ 16
4.9 Market manipulation ..................................................................................... 17
4.10 Additional notice ............................................................................................. 17
5. Tycoon Token (TYC) ................................................................................ 18
5.1 Distribution...................................................................................................... 18
5.2 Token sale ....................................................................................................... 19
5.2.1 Successful private sale participation .................................................. 19
5.2.2 Successful crowdsale participation .................................................... 19
5.2.3 Information on the distribution and full access to the token .........
19
5.3 TYC Value ......................................................................................................... 20
5.4 TYC Vesting plan ............................................................................................. 20
5.4.1 Private sale ............................................................................................ 20
5.4.2 Crowdsale .............................................................................................. 21
5.4.3 Team und advisors ............................................................................... 21
5.4.4 Bounty/Airdrop ..................................................................................... 21
5.4.5 Unique advantage ................................................................................ 21
5.5 Funds usage .................................................................................................... 21
6. Roadmap ................................................................................................. 22
7. Amendments .......................................................................................... 24
8. Afterword ................................................................................................ 24
9. Founder ................................................................................................... 25
10. Team & advisor ....................................................................................... 26
11. Risks ........................................................................................................ 28
12. Social trading comparison chart ......................................................... 29
3 TYCOON WHITEPAPER
1 .In t r oducti on Our vision is to create a synergy between inexperienced investors in the field of cryptocurrencies and already experienced, successful traders worldwide. For that purpose we built the Social Trading Platform Tycoon. You might wonder why is this platform so special and highly desired from our exponentially fast growing follower base? The answer is simple: If you are experienced in the crypto market you will agree that trading of cryptocurrencies is a more challenging task than trading stocks or traditional currencies because of the higher volatility and the still ongoing adoption of this new market. Even in traditional markets, there are slightly less than 10% of traders who beat the market in the long term. While the cryptocurrency market offers an easy entry for less-experienced traders, there are significantly more pitfalls to consider compared to trading in traditional markets. Therefore more people lose money in the crypto market than the ones who make money. They are most likely in the single digits. There are more than 6,000 different cryptocurrencies that can be traded on over 22,000 exchanges with a total market capitalization of approximately 250 billion USD (as of May 2020). How can an inexperienced trader succeed? It’s more like playing Roulette. In order to provide all participants with a positive experience in this still extremely volatile market, we have developed a unique social trading platform. The catalog of requirements was defined by professional traders and inexperienced investors, among others and implemented in cooperation with experienced developers which are established in the cryptocurrency space. Tycoon is the first social trading platform in the cryptocurrency market which utilizes the already existing liquidity of the largest available exchanges. Our project is radically different from other crypto projects that offer a whitepaper, outline their vision and team and start from zero and hope they will ever get there. 4 TYCOON WHITEPAPER
1 .In t r oducti on
Most projects never make it or need too much time and the hype is gone. There are very few
crypto projects with a working product and many projects are simply fraudulent with no other
vision than to collect funds and then disappear. They never intended to build anything.
How is Tycoon different? The founders have spent their own savings to build the platform
which took almost 2 years. How many projects have a finished product before the crowdsale
starts? Tycoon is different our values are teamplay, honesty and fairness.
Approximately 99% of projects extract value from the market, 1% add value to the market.
We are convinced that Tycoon is part of the 1% and if you read further you will agree.
On the following pages, we describe our approach to achieve our goals, as well as define each
individual function of our platform in more detail.
A unique
social trading
platform
5 TYCOON WHITEPAPER
2. C h a l l e n g e In times of negative interest rates, profitable investment opportunities are in higher demand than ever. Classically, there have only been a handful of alternatives such as stocks, funds or real estate. Meanwhile, the additional possibility of investing in cryptocurrencies has arisen. Unlike the stock market, the cryptocurrency market is not saturated yet, which in principle ensures a greater chance of good returns. Many large investors dominate the market, largely controlling the events that surround it, thus making it very difficult - if not impossible - for beginners to make an entrance. Another advantage of cryptocurrencies, compared to many traditional forms of investment, is the lack of capital commitment. 6 TYCOON WHITEPAPER
Numbers, Data,
2. C h a l l e n g e
Facts - These are
A platform that draws on the expertise of
the ingredients for
experienced, successful traders and specializes
successful trading
in cryptocurrency trading does not exist, so far.
Similar platforms force consumers to trust the operators
by transferring their capital to the operators or their platform. Thereupon,
consumers partially lose control over their invested capital. Tycoon, on the other hand, is
completely self-reliant thanks to the fact that the consumer‘s capital always remains in their own
possession - every user always stays in complete control.
In order to invest successfully, a number of hurdles must first be overcome. The initial entry
into the subject matter is difficult for most people since cryptocurrencies are relatively young
and the underlying technology is new and somewhat complicated. The definitions of traditional
currencies cannot be applied to cryptocurrencies one-to-one in the way they previously applied.
This knowledge and the demarcation from traditional views must first be established.
Furthermore, there are various options to access cryptocurrencies from which the appropriate
one must be chosen.
Once this first challenge has been overcome, the real work begins: the act of trading.
Professional traders take advantage of chart- and market sentiment analysis which they study
over a period of time and use these to further define whether it makes sense to buy or sell an
investment. The process of analysis requires several hours a day and must be regularly reviewed
and adjusted. In addition, professional traders can benefit from years of experience with financial
products and thus avoid being guided by their emotions, but exclusively by well-founded
knowledge and facts instead.
Tycoon allows anyone to access this knowledge and experience, in order to maximize potential
profit while simultaneously minimizing the risk.
7 TYCOON WHITEPAPER
3. S o l u t i o n ap p ro ac h With the help of Tycoon, any inexperienced investor can delegate these challenges to an expert. A mere single login on the platform opens the door to the world of blockchain technology and cryptocurrency trading to any person. The potential investor can use his free demo account immediately upon the first login to explore the platform, gain initial experience in the crypto-market and select his preferred traders. If necessary, the user receives all the required instructions via the platform, such as for example “how to create a wallet on an exchange”. A simple registration on Tycoon allows investors easy access to experienced traders worldwide. Unlike other solutions on the market, Tycoon only publicizes strategies, which were actually implemented by the respective trader on their own portfolio. The platform captures and processes all trades in real-time. These features ensure that Tycoon offers followers maximum transparency, considering past trading results. The result is a bulletproof basis for successful cryptocurrency trading. 8 TYCOON WHITEPAPER
4. T y c o o n pl a tf o rm To emphasize the most significant features of the platform, this chapter will illustrate the advantages offered to each user. 4.1 User There are several user types on the platform: The Follower, the Trader and the Demo User. Each of the different user types is briefly defined below. 4.1.1 Follower Followers are investors who either lack the time to engage in complex market studies or who are new to trading. The goal of the followers is to invest in cryptocurrencies as successfully as possible with little effort. Followers log in to the platform, in order to find suitable traders based on their preferences and strategies and copy them. Principally, the follower tracks a trader for one week. 4.1.2 Trader Traders are defined as experienced investors and traders in financial markets. Their objective on Tycoon is to maximize their profits, build a large group of followers and thus maximizing the profits of the whole community. These objectives are achieved through successful trades and informative feeds. 4.1.3 Demo user Demo users are essential followers, except with no real capital. They act like followers but have no influence on the balance sheet of the traders they follow. This free demo mode is intended to help understanding the platform’s structure and operating principle, and is a setting that can be freely activated or deactivated at any time. 9 TYCOON WHITEPAPER
4. T y c o o n pl a tf o rm 4.2 Follower benefits 4.2.1 Best support in the selection of traders In order for followers to obtain an overview of the traders more quickly, traders are classified into specific categories. The classification of the aforementioned categories and their characteristics are explained in more detail in chapter 4.4. All other data such as profits, number of trades per week, number of posts and number of followers are presented in an easy to read manner. This makes it easier for the follower to search and select his favorites out of all traders through the filter function. It will also be possible to search for specific traders through our search tab. 4.2.2 Flexibility in following Once a follower has selected the right trader(s) for him, he can follow them with a few simple clicks. Principally, the follower tracks a trader for one week. If he is satisfied and does not unsubscribe from the trader, the subscription is automatically extended by another week. If the follower is dissatisfied with the results, he may discontinue following at any time. 4.2.3 Stop-loss feature The stop-loss feature represents another safeguard. This function aborts following a trader as soon as the allocated capital falls below a value configured by the follower individually for every trader. The algorithm calculates the total value of allocated capital, including all open trades. If this value falls below the set stop-loss target, all open orders are cancelled and the follower’s entire trading volume is exchanged back into the base currency. 10 TYCOON WHITEPAPER
4. T y c o o n pl a tf o rm 4.3 Trader benefits 4.3.1 Best support in positioning on Tycoon The trader’s profile consists of two parts. All relevant data will be gathered in real-time from the trader and visualized for potential followers automatically in form of charts, numbers and averages in different time periods. In addition, the feeds, which are either public or only visible to followers, can be rated by means of likes. The trader receives detailed statistics on his trades and feeds. Some of these statistics are public and can be viewed by followers and shared on social media platforms. 4.3.2 Low administrative burden Tycoon enables the trader to generate additional capital from his know-how without any extra effort. Without Tycoon, the trader would have to engage in time-consuming client acquisition, maintain customer records, portfolios and returns. Tycoon eliminates all the administrative work for the trader, allowing him to more effectively and efficiently focus on his main activity: trading. 4.3.3 Additional source of income Every trader strives to optimally manage and increase his own portfolio. Using Tycoon does not change this objective. Once the trader is connected to the platform, followers can follow him and replicate his trades. The more successful the trader is in analyzing the market, the higher his own profits, and thus those of his followers. Consequently, the profit share the trader receives for his service inevitably increases. A high level of commitment and consistently positive statistics allow any trader to rise in level, rank higher in the leaderboard and further increase his profit share. 11 TYCOON WHITEPAPER
4. T y c o o n pl a tf o rm
4.4 Traders´ ranking system
Traders are classified into one of 6 levels. Starting from level 0, a trader can work his way up to level
5. Among other factors, the classification algorithm takes the traders experience, their number of
followers, their growth rate, own trading balance and total trading balance into account.
To ensure a balanced risk to reward ratio, Tycoon introduces maximum individual Following
Limits.These limits define the maximum amount of assets a follower can allocate to a trader in a
single “Following” action. The number of followers needed for a certain level is defined based on
the qualification requirements for that level. If a trader does not fulfill the requirements to hold
his level for a certain amount of time, a reclassification is also possible.
Every new trader on the platform starts with Level 0. Traders need to prove themself according to
the requirements to become Level 1 and start earning profit share from their followers.
Requirements Level 1 Level 2 Level 3 Level 4 Level 5
Active trading (valid API)
Number of followers 2 followers 10 followers 25 followers 100 followers 250 followers
Trading since (weeks) 2 4 8 12 20
Own trading balance
$ 500 $ 1.000 $ 2.500 $ 10.000 $ 25.000
(7-days average)
Followers total
$ 25k $ 150k $ 250k $ 500k
trading balance
Benefits
2x trader 4x trader 6x trader 8x trader 10x trader
Max. individual following
balance balance balance balance balance
Profit share 6% 8% 10% 12% 14%
12 TYCOON WHITEPAPER4. T y c o o n pl a tf o rm 4.5 Connecting the users 4.5.1 API key API stands for Application Programming Interface and is an interface between two different services (e.g. Facebook and Game Apps). If data or content needs to be exchanged between two services, these API keys can be used. Using this protocol, Tycoon can read the balance as well as the orders placed by the trader and forward them, through our unique and own developed technology to the portfolios of the followers without requiring actual access to the users‘ assets. At no time does the platform or the trader have the ability to transfer assets of users to a foreign wallet. 4.5.2 Data privacy protection The demo mode can be used by anyone without KYC verification. KYC (Know your customer) refers to the verification of the personal data of new customers. It serves to prevent money laundering and contributes to the security and reliability of the platform. Every user appears on the platform with an alias. Traders never receive access to any personal data of their followers. Traders will merely be recognizable on the platform with their identification numbers and key figures, in order to allow followers to make selections. The ability to contact followers is not planned. Traders can post content to their newsfeed, which can be viewed by followers as well as other traders. A commenting feature is not provided. Followers and traders can rate contributions at will. 13 TYCOON WHITEPAPER
4. T y c o o n pl a tf o rm
4.6 Fees
4.6.1 Connection fees
To prevent unnecessary traffic through following and unfollowing in short periods of time
and thus slowing down or affecting the platforms performance, Tycoon introduces a minor
connection fee to connect to any trader.
The connection fee is defined as follows:
• If the volume allocated to the trader is less than $5,000, the follower pays a fee of
$5 and follows the trader for one week.
• If the volume assigned to the trader exceeds $5,000, the follower pays a fee of 0.1%
of the allocated volume and follows the trader for one week.
The follower receives a 25% discount on this fee when using the Tycoon Token.
4.6.2 Profit share
The profit share for the followers is only accrued in cases in which profit was generated
through following a trader on Tycoon and will cover approximately 30% of the gained profits.
Tycoon will use this income for the maintenance, operation and further development of the
platform as well as for incentivizing traders to deliver their best service constantly.
The follower receives a 25% discount on every profit share using the Tycoon Token.
14 TYCOON WHITEPAPER4. T y c o o n pl a tf o rm 4.6.3 Payment process The fees paid by followers are recorded daily but only will be charged at the end of each week to be able to provide a high watermark during the following period. On every Sunday, all pending fees will be settled. Compared to daily billing, the weekly payment process increases the stability of the platform and furthermore prevents unnecessary, complex processes. All payments on Tycoon will be handled through the internal Tycoon wallet which supports the Tycoon Token, Bitcoin and Ethereum. This wallet will be generated automatically for every user upon the first deposit. During an active following Tycoon will reserve the needed funds in real-time in the users wallet. The fees will only be deducted when the following period is completed and the follower ends up with realised profits. This ensures a smooth and seamless experience for all users. 4.7 Revenue model The connection fees flow to Tycoon in their entirety, as the amount is independent of the trader‘s performance. This fee serves to cover partly the fixed costs and thus enables a permanent and safe operation of the platform. Depending on the traders Level and experience he/she receives a compensation between 10% to 12% of the generated profits. Depending on the payment method, Tycoon will receive a profit share between 12.5% to 20%. Due to the increasing demand for Tycoon Tokens, the discount will be compensated in the long term and rewarded through an increase in token value. 15 TYCOON WHITEPAPER
4. T y c o o n pl a tf o rm 4.8 UI/UX On the “My Portfolio” section you can easily track your performance 16 TYCOON WHITEPAPER
4. T y c o o n pl a tf o rm
Here you can see the traders directory, where all the traders are listed
4.9 Market manipulation
Tycoon is using several self-developed algorithms to effectively prevent market manipulation
before it happens. In addition to that, these algorithms can detect and sort out traders who
try to abuse the platform by targeting to manipulate the market.
4.10 Additional notice
Not every single feature described in the whitepaper will be fully available in the first stage
of the platform release. Functions will be added to the main platform as soon as they are
ready for public usage. The Tycoon platform will be updated constantly to serve the best
possible experience at any time.
17 TYCOON WHITEPAPER5 .Tyc oon Token (T Y C )
5.1 Distribution
The Tycoon Token (TYC) is limited to a maximum supply of 140 million TYC and is an Ethereum
based ERC-20 token. This supply limitation is implemented into the smart contract 1 and cannot
be changed or manipulated by Tycoon or any third party.
Tycoon has implemented a minting functionality into the smart contract of the Tycoon Token.
This addition to our smart contract delivers the advantage that unsold Tycoon tokens do not
have to be burned or destroyed after the sales phase.
Instead, we are looking for opportunities to reward our community by providing them economic
incentives. Our main goal is to create long-term user loyalty. Team, Advisor, Partnership, Bounty
and Airdrop tokens will be pre-minted during the deployment of the smart contract to the
Ethereum Blockchain. The sold tokens will be minted accordingly after the different sale phases
and distributed to the investors via the final Tycoon platform.
Tokens will be distributed as follows:
Tokens will be
distributed as follows:
60% Sale
18% Team
14% Partnership
5% Bounty/Airdrop
3% Advisor
1
https://etherscan.io/token/0x3A82D3111aB5faF39d847D46023d9090261A658F
18 TYCOON WHITEPAPER5 .Tyc oon Token (T Y C ) Sale allocation 60% of the total tokens allocated to the sale can be subdivided into private sale and crowdsale. Participation in the private sale requires a minimum purchase of tokens worth $1,000. Upon conclusion of the private sale, the crowdsale commences. The price per token for the private sale is $0.07 and $0.10 for the crowdsale. 5.2 Token sale 5.2.1 Successful private sale participation Investors who have made an investment within the phase of the private sale, go through the KYC (know your customer) process. After successful registration, the investor receives access to his token on the Tycoon platform. 5.2.2 Successful crowdsale participation Investors who have made an investment within the phase of the crowdsale, go through the KYC (Know Your Customer) process. After successful registration, the investor receives access to his token on the Tycoon platform. 5.2.3 Information on the distribution and full access to the token The tokens are distributed after the Tycoon platform has come into operation. Accounts that were created during the phase of sale will be automatically transferred to the Tycoon platform. After successful registration, the investor will receive the appropriate amount into his dashboard. For withdrawing the token, the KYC process must be successfully completed. Furthermore, the token must be tradeable on an exchange and not blocked due to the vesting plan (compare chapter 5.4). The blocking does not apply if the token is used on the Tycoon platform for payment of fees (compare chapter 5.4.5). 19 TYCOON WHITEPAPER
5 .Tyc oon Token (T Y C )
5.3 TYC Value
Demand for the Tycoon Token will increase as the platform grows in popularity, as the
Tycoon token offers users a significant discount on any fees.
When settling profit share or connection fees using the Tycoon Token, the follower receives
the following discount:
25% 15% 10%
1st year 2nd year 3rd year
5.4 TYC Vesting plan
5.4.1 Private sale and partnerships
All purchases made during the private sale and partnerships tokens are whithdrawable as
follows:
20% 1 month after exchange listing
40% 4 month after exchange listing
40% 7 month after exchange listing
1 2 3 4 5 6 7
Months
20% 40% 40%
20 TYCOON WHITEPAPER5 .Tyc oon Token (T Y C )
5.4.2 Crowdsale
Purchases made during the crowdsale are directly available after the completion of the tokensale.
The tokens will remain locked until the exchange listing, but can already be used on the platform.
5.4.3 Team and advisors
Team and advisor tokens will be made available periodically within 15 months of exchange listing.
After the listing, 20% becomes available every 3 months.
5.4.4 Bounty/Airdrop
Bounty and Airdrop tokens are available 6 months after exchange listing.
5.4.5 Unique advantage
Despite active blocking, the tokens can be used to pay for occuring fees on the Tycoon
platform. Using the Tycoon Token can lead to considerable cost advantages. A withdrawal
of the token is not possible during the blocking period.
5.5 Funds usage
Approximately 40% will be used for marketing and branding in order to attract
potential users and other investors to Tycoon.
Approximately 30% of the funds raised will be 40%
used to build, expand and develop the platform.
30%
Approximately 15% will be reserved for legal
needs such as any required international legal
adjustments or license purchases.
15%
Approximately 15% shall be kept as a reserve to
15%
respond to any challenge which might come up.
21 TYCOON WHITEPAPER6. R o a d m a p
2018 January - August
Conceptual design
Team building
September
Frontend development
Corporate identity
October
Hackathon with development
team in Belgrade
October
Platform development
December - March
Whitepaper creation
February 2019
New headquarter
in Germany
March
Marketing start
June
Start
community contest
June
Start of
Bounty campaign
July
Private sale
July
First exclusive
private sale
-sold out-
July
Platform framework6. R o a d m a p
August
Merchandise cooperation
partner Istanbul
August
Second hackthon
in Belgrade
September
Development of
trading competition
application
November
Global trading
competition
2020 January
New headquarter
in Cyprus
August
Public crowdsale
December
Tycoon platform launch
December
Binance
Trading competition
Q1 2021
Followers onboarding
1st half of 2021
Tycoon Token
exchange listing
1st half of 2021
More exchanges
available to connect
on the Tycoon platform
2nd half of 2021
Mobile application7. A m e n d m e n t s We would like to emphasize at this point that all fees and models mentioned so far are to be regarded as such - models. The final structure of the fees and costs can only be determined in the course of time. We, therefore reserve the right to adjust the fee structure. These adjustments will be communicated as early as possible. 8. A f t e r w o r d An epilogue on our own behalf: We are aware that our vision has the potential to shake the current status quo, bring about a paradigm shift and herald a new era of trading. We are working with full vigor to make this vision reality. Nevertheless, as a start-up, we are not immune to possible changes. We can not predict events, such as legal changes or financial and technical specifications, which are about to happen. We do our best to implement everything as described in this whitepaper. However, we reserve the right to make certain adjustments if necessary. These possible adjustments will always be made in the interests of the community, the platform and current jurisprudence. Thank you for your understanding. 24 TYCOON WHITEPAPER
9. F o u n d e r
Serdar Bisi, our founder and CEO, is a professional forex and crypto trader since
2012. He is responsible for product- and business design as well as managing
the overall operations and resources of Tycoon. His seven years of international
business management knowledge includes business development, enterprise
architecture, payment gateways, exchange trading and the underlying technology.
Serdar Bisi
Chief Executive Officer
Hakan Turgut is a crypto-entrepreneur, professional trading specialist, Founder,
Investor and Advisor. Hakan has been trading in Bitcoin and cryptocurrencies
since 2013. Due to his crypto knowledge in the blockchain sector, he has often
been invited as a speaker in the field of leadership management & crypto-trading.
He founded the Tycoon startup, together with Serdar, in the beginning of 2018.
Hakan Turgut
Investor & advisor
Semira Keklik is the co-founder and Chief Operating Officer of Tycoon.
She discovered her passion for crypto-currency during her master‘s degree in
business and corporate education at the University of Mannheim. Semira is
responsible for cross-departmental processes, global risk management and
human resources management.
Semira Keklik
Chief Operating Officer
Co-founder of Tycoon, Pedro Merkl is responsible for the strategic development
and deployment of technical business systems. He manage the efficient
structuring of the company and analyzes intelligent solutions for the enterprise
resource planning based on IT. In addition, Pedro designs the corporate identity
and trademark for Tycoon in cooperation with his team.
Pedro Merkl
Chief Information Officer
25 TYCOON WHITEPAPER10. T e a m & a d v i s o r
The Tycoon Team consists of members from a wide range of industries and specialist
areas. Altogether, the team consists of almost 50 members spread across more than ten
countries, who bring extensive expertise in trading cryptocurrencies. We are united by
our belief in blockchain technology and the fundamental, forward-looking significance of
cryptocurrencies. The healthy relationship and the close interlocking of the employees
among each other, as well as the different experience values, enables an efficient and
future-oriented design of Tycoon.
Axel Hellinger Biyan Mienert Frank D.
Legal advisor Legal advisor ICT & Marketing advisor
Mike Rosseel Mark Mikelenis Moritz Böhler
Chief Technology Officer Head of IT Head of
operational Marketing
Damian Georgy Michael Trossowski Robin Kretzschmar
Product Development Head of Support Head of Analysis
26 TYCOON WHITEPAPER10. T e a m & a d v i s o r
Jenny Tran Talha Uslu Marcel Hess
Controlling ICO Marketing ICO Marketing
Paul Bichler Syed Shah Marek Schilke
Content creator Content creator & support Marketing communication
Alex Lopez
Support
27 TYCOON WHITEPAPER11. R i s k s
Possible risks Probability Influence Possible measures
Clarify the advantages
Insufficient number
through targeted measures
of users on Low-medium High
and offer attractive online
the platform
events
Working with competent
Successful Digital partners and the highest
Attack on the Low High security measures in the
Platform (Hack) present and will continue to
do so in the future
Followers do not Establish additional contacts
achieve positive Low Medium with successful traders
returns globally
28 TYCOON WHITEPAPER12. S o c i a l t r a d i n g c o m p a r i s o n c h a r t
Category Copyme Covesting Tycoon
Adoption by
Only 8 Pro Traders In Development In Development
pro traders
Volume 30 trades/day In Development In Development
Token usecase None Reduced Fees Reduced Fees
Profit sharing No Yes Yes
API integration Yes No Yes
Trader ranking system None None Yes
Margin trading No No In Development
Easy to use Yes No Yes
monthly connection fee of
Costs
subscription
entry fees of 2% 0.1% from the dedicated
Experts/ Traders
set the price amount
(more details in 4.6.1)
platform fees of 10%
deducted from all profits
you earned by following
a trader; it doesn’t mat-
Profit share of 30% from
current range ter if you lose all in all
all profits after deduction
$40 - $249 money
of all losses within one
no matter if there
accounting period; only if
generate profits or not 18% trader success fee
you really generate profits
will be charged from all
earnings and deducted
only in case copy-trading
resulted in a profit
Security Standards Weak Medium Strong
Location USA RUSSIA CYPRUS
29 TYCOON WHITEPAPERGet in touch with us TYCOON 13 Tepeleniou Str. Tepelenio Court, 3rd floor 8010 Paphos, Cyprus Email : info@tycoon.io Internet : www.tycoon.io *Technical and price changes reserved. All information without guarantee.
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