TYCOON - AN INLOOK INTO THE FINANCIAL SYSTEM

Tycoon is a coming-of-age cryptocurrency platform designed with the traders and users in mind. Ironically, the platform is initiated by traders. That is, Tycoon is developed for traders by traders. Are you curious about the financial mechanism of the Tycoon platform? Well, this is how it all works
Upon joining the platform, every new user or follower is expected to pay Connection fees to the trader, depending on the available trading volume. The follower pays a one time fee of $5 if his trading volume is less than $5000 and 0.1% of the total volume if it is greater than $5000. This system goes on for four weeks, and during the first year, a 20% discount on all Tycoon token fees is awarded to the follower.

If the profits made were generated by the trades made on the platform, then profit sharing can occur. The profit-sharing in such situations amount to 20% of the entire profit. The trader in charge receives 10% as compensation for his services , while the remaining 10% is allocated to Tycoon for the provision and operation of the platform. If the follower accumulates tokens, a 50% discount is awarded, and the profit share is reduced by 5%, making it 15% profit sharing.

Accessing the payment system, all fees to be paid by a follower are recorded but only charged on the 25th of every month after the four weeks training process is over. If the four weeks period does not correlate with the appropriate time, then the billing is postponed to the next month ending. This eliminates the complexity involved in the day to day billing, thus promoting the efficiency and stability of the platform. The platform then receives the accrued fees and in turn, pays the traders. Thus, the cycle of payment goes from the follower to the platform and then to the trader.

Tycoon makes use of tokens developed based on Ethereum with minimal interoperability and compatibility of ERC-20 and the choice of expansion with a total of 140 million tokens available for distribution. 60% of the tokens are allocated to the sale, 18% to the tycoon team, 14% to tycoon partners, 5% to the Airdrop and Bounty program, and 3% to the advisor team. The 60% allocation is further divided into a 90% private sale and a 10% crowd sale share. The private sale begins first with a minimum purchase of $1000 worth of tokens, which is then followed by the commencement of the crowd sale. There is equally a fixed price for tokens with the price of a private sale token being $0.07 and that of the crowd sale going for $0.10

The funds generated through this platform are used for various purposes. 30% of the funds are directed towards the development and improvement of the platform. Marketing of the Tycoon brand is highly important to promote publicity on the part of both the users and investors. Hence, 40% is allocated to this goal. The remaining 30% is charged towards legal necessities and for times of challenges.