Pain Points for Traders
Struggle to close the information asymmetry gapminus
How do traders know what are verifable data on whalesminus
Where to trade and on which exchangeminus
When is the best time to buy or sellminus
How to get started in the first place
Follower Whale Model
- PlusPowerTo empower traders with state-of-the-art tools to follow the whales
- PlusAITo automate transactions using artificial intelligence
- PlusTrustTo provide verifiable data to support analysis
- PlusGrowthTo encourage lifelong learning for all traders
- PlusUniversalTo enable a single platform to transact across multiple cryptocurrency exchanges
Followers Meet Whales
The Spiking Platform will be powered by state-of-the-art tools where followers meet whales in a completely transparent environment, which will be built on a modern technology stack with fully audited security standards.
This is where trust is the cornerstone of the follower-whale relationship.
Data Verification of Whales
A whale's ability to process and understand news in real time will be reflected in the trading transactions.
That is to say, it is necessary for trading transactions to be verified in an unfalsified manner through a distributed, decentralized network — one that is internally incentivized to be fast, accurate, and cost efficient.
Transactions on Multiple Exchanges
After a follower mirrors a whale on the Spiking Platform, the system will automatically mirror all transactions from the whale directly into the follower's segregated trading account at Spiking.
This ensures the security of the follower's investment as well as prevents the whale from knowing the amount of investment being mirrored.
The current proposed fee model on the Spiking Platform is to reward a whale with 21% commission fee from profits generated directly by the followers initial capital, with the followers receiving 71% of the profits plus return of initial capital.
Spiking seeks to provide universal access to the world's best education in investing and trading, partnering with top whales to offer the Certified Smart Trader (CST) Program.
Followers or traders who aspire to upgrade their knowledge may enroll as students.
The remaining 8% platform fee will be attributed to Spiking.
SPIKE Blockchain Protocol
SPIKE Protocol - The Universal Trading Protocol is envisioned to be a self-governing and self-sustaining ecosystem for mirror trading to be transacted between followers and whales across trading platforms such as stock brokerage houses and cryptocurrency exchanges.
self-executing profit split model based on smart contracts that are live on the blockchain
ERC20-standard token used to pay for entry fee, platform fee, commission fee, profit, and enrollment fee
wallet to hold fiat currency, SPIKE, BTC or ETH tokens for a user
management system for followers to find and follow whales that is based on risk, reward, and review
verifiable data of trading transactions and reviews
will support trading transactions on multiple exchanges#
CST Program that will engage, educate, and equip trading experience
The long-term goal of Spiking Limited is to establish SPIKE Tokens as the pre-eminent cryptocurrency for a decentralized network of global traders. All existing SPIKING-related technology will be integrated to Spiking Limited. The ongoing role of Spiking Limited will be to further develop the technologies underpinning the SPIKE Tokens as well as to perform continuous research and development to improve all other aspects of the SPIKE ecosystem.
It will further seek to forge strategic partnerships with leading or up-and-coming cryptocurrency exchanges as well as stock brokerage houses to promote, distribute, incentivize, and integrate SPIKE Tokens and SPIKE Protocol to the entire trading industry at large. Spiking Limited will also continuously implement further policies and measures to ensure the smooth, uninterrupted functioning of any related technologies to achieve its goal of an open, reliable, and decentralized ecosystem for traders.