Tycoon: A social crypto trading

By adriaparcerisas | ICO Reviews | 30 May 2020

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Introduction

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Today, I want to present you Tycoon, the first fully-automatic social crypto trading platform with real cryptocurrency.

Video Presentation

Definition

Tycoon (https://tycoon.io/) is a secured interface between professional traders and end users, where the investments are never stored on Tycoon.

How it works

Each user manages his own investments at his preferred exchange, being able to access his portfolio at any time. The followers can freely assign a part of their volume to each selected trader and set an individual stop loss. Selecting multiple traders allows for diversifying investments to optimize your portfolio management.