Bitcoin Forum

LYKKE https://www.lykke.com/


https://www.youtube.com/watch?v=RRE5lsYYzdc

https://www.youtube.com/watch?v=TCXK4AV-E1Q

https://www.youtube.com/watch?v=h5T2gRGcMso

watch the vids!!

1 Lykke coin represents 1/100 of the lykke Corp share

i have been a real big fan of LYKKE, great experienced and huge motivated devs!
the last couple days it is really starting to move, not a pump and dump coin!
it is not available true poloniex, only on there own app/exchange wallet.
i think there is a real bright future for this coin/LYKKE.
you do not just buy the coin, but also a share in LYKKE.
let me hear your thoughts

https://keepingstock.net/are-coinbase-kraken-and-poloniex-doomed-to-fail-2739153d033a

Lykke is to me one of the best investments these days. Their decentralised-centralised exchange system has enormous utility in the foreign exchange markets. Way more secure, time and cost effective for people and companies dealing with massive international transactions.

I can't believe that on google play, their app is only listed with 1000+ downloads.

There is a LOT of upside potential here, although the $0.05 USD buys might be history.

But they are lack of demand. In this time a big pump for lykke coin, and if they can attract more users and their coin will worth really high in the future. i like with their idea.

They are still under the radar, so a perfect time to get some coins..I bought at $0,04 but i believe in this coin to reach a minimum of $100 when its really starts getting adopted. Its just a great thing to have a decentralized exchange with zero commissions. 100% save

I don't see $100 happening. $1 is a more realistic price for now. I think that the only problem right now is marketing. This coin needs to get into more peoples hands. Once that happens, I can see this coin going up quite a bit in price

I agree on a 1 year term. $100 i think is possible in 4-5 years

It's a good trend, but it's nearly $ 100 hard.

I think the market cap of ethereum could easily happen. Since 250 million LKK will be in circulation, that would mean a price of about 16 USD. Could be achievable within a couple of years.

An LKK price of 100 USD would mean a market cap on the circulating LKK of about 25 billion USD. That is doable I suppose, but Lykke would be a very, very big company then.

Richard Olsen as co-founder of the award winning company oanda, knows how to make a company big. Keeping that in mind, I do think that people would want to have there coins save at all time.
in a world of cryptocurrency and decentralization a decentralized exchange should be the norm.

Are they on an exchange?

I rely don't believe in the project, coming out for the second ICO is less than 6 months after the first one begs question, I think they are just looking for way to take advantage of investors, time is there to proof me wrong say.

Good question!

You have to download the lykke exchange from the app store / google play. Then you have to register (kyc).

I believe these people to be idealist looking to change things for the better. Mr olsen sure dont need the money

Lykke is currently at number 40 on the coinmarketcap. A great possibility of complete soakup of the available 250 million coins now, with a big overreaction on top!

A good stable rise in the last weeks, p34 $21.500.000 mc

website is very nice and easy to use. after some errors and deficiencies have been corrected, users will have a lot more.

competitors must improve efforts to catch up.  :D :D I hope it's cool.

also real active devs https://github.com/LykkeCity/
6 updates today alone

https://www.lykke.com/city/blog/why_does_lykke_coin_price_go_up

Lykke founder Richard Olsen explaining the current rise in price of Lykke from $0,05 to $0,16

https://www.lykke.com/company/news/seamus_donoghue_joins_lykke

 With offices now in the UK, Switzerland, Cyprus, Vanuatu, the US, and Singapore, Lykke is expanding its global footprint.  8) 8)

Lykke, a Swiss Fintech company building a global blockchain-powered marketplace, is accelerating its growth with the announcement of Seamus Donoghue as director of its Singapore office. With offices now in the UK, Switzerland, Cyprus, Vanuatu, the US, and Singapore, Lykke is expanding its global footprint.

“This was just a clear meeting of the minds,” says Richard Olsen, previously founder and CEO of OANDA and now CEO of Lykke. “We got along fabulously, and there is so much we can do from Singapore. It’s a real privilege to work with such enthusiastic and capable people all around the globe.”

Mr Donoghue was most recently CEO of Allocate Bullion Solutions. He has held positions at Bank of America Merrill Lynch, Barclays, Deutsche Bank, and JP Morgan.

“The current structure of financial markets is broken,” says Donoghue. “Our financial markets no longer serve the greater good. They are fragile and extremely vulnerable to disruption and failure given their increased concentration and centralisation.  It is time for a fresh look at not just optimizing old processes but completely reimagining financial markets as they should be while leveraging new technologies such as the blockchain to build a more resilient and inclusive marketplace for all assets. I am incredibly excited by Lykke’s vision and being part of the global team.”

In addition to bitcoin and the major currency pairs, Lykke now lists its own equity tokens plus Solarcoin, the TREE mangrove coin, and Chronobank’s TIME token. Ethereum-based and other tokens are slated to be available in the coming months.

There are 1 200 000 000 LKK coins (1,2 Bn). as said, one LKK represents ownership of the Lykke corporation.

If LKK price reaches 100$, it means Lykke Corp is valued at 100 x 1,2Bn = 102 Billion $. As a comparison, Amazon Inc is valued at 404 Billion $, Google at 600 Billion $. Don't know if it's reachable / realistic but have to keep those numbers in mind when speculating ;).

Amazing project, has great potential. Look at the roadmap - https://trello.com/b/IV0PH2gs/lykke-roadmap

Once they release in Japan, India, Turkey... etc. it's almost definite that it will rise in price.

It's a great entry point for "newbies" and even everyone to buy BTC with. They have no fees when adding USD.

Lykke exchange is now at number 99 on highest volume pairs of BTC. That is an incredible feat in such short time.

USD/BTC volume being so high already, tells a lot about what this exchange might become.

Hi, all. i've been so excited and rather worried about this boom of cryptocurrency market nowadays.

But it's looking that there still are some good chance to get huge benefit, if we try to find some.

And Lykke is one of my recent starred lists to invest in.

I decided to be a shareholder of Lykke, and i downloaded an iOS app and noticed that there are 2 options to be a shareholder.

The first is LKK (equity) and the latter one is LKK1y (forwards).

And the price of LKK1y is somewhat higher than LKK, as we can see in the stock market.

But in my thought, it'd be much better to buy LKK instead of buying LKK1y, since there's no benefit to buy

forwards with higher price, which we can't use margin trade or on short position as well.

Can anyone explain what LKK1y buying advantage instead LKK is?

Thanks in advance and sorry for my lack of Eng. since i am learning nowadays.

Lkke1y is $0.01 cheaper then lkke at the moment ,
But your right LYKKE has huge potential!

Picked up some HCP on the lykke exchange.
I wouldn't count it as a solid investment,
But defenitly a good program to change things for the better.
https://blockchainexplorer.lykke.com/asset/AMXVqrRXEwfUuqUE4XozMb6ugb6L6PSFJ8

http://fintechnews.ch/fintech/swiss-fintech-highlights-2017/10883/

LYKKE still at good entry point for investing!

You are right that there is no advantage in buying forwards if the price is higher then usual LKK, but that was just a temporary and more unusual situation.

In general it can be expected that LKK1Y is cheaper than LKK and the advantage is exactly that. It's possible to buy LKK1Y and to trade it like usual LKK, and/or: To settle it and 365 days after doing that, the user will get LKK 1:1. Disadvantage: Once it's settled it's not possible to trade the forwards anymore, but for Investors who are longterm-focused it doesn't seem to be problem.

Some advantages of the forwards in general: Lykke did a short LKK1Y-crowdfunding in February and while Investors are usually concerned that additional supply on the market might pressure the price, that is not the case with the forwards. Also in one year the supply won't hit the market at once but more float it over time - dependent on the time individual Investors decided to settle their forwards.

Another very interesting point is: It can be seen as a sign of optimism that the LKK1Y-price comes close to LKK, because it means that more and more Investors have settled it and the decreasing supply lifts the price whenever there is demand. Once the price is close to LKK ppl tend to buy LKK of course.

In Short: The forwards have a lot of advantages and reason for interesting market dynamics.


A more in depth explanation about LKK1Y can be found here:

What is Lykke Forward?
https://www.lykke.com/city/blog/what_is_lykke_forward

I am very excited about the Lykke project, the scope and vision of this is incredible. I suspect people who are taking a casual look on the lykke website may not be picking up on the longer term scope and potential of this project, it will truly be massive if they get this going how they envisage. Exciting times with such things to invest in!

Your phone app is very nice. Congratulations.

a web wallet is needed !

It's in development:

What to expect next?

The short term plan is to enhance the settlement process and do most of the settlement offchain in the state channels, with guaranteed mechanisms to protect both the client and the exchange. The offchain will help to minimize cost of settlement (which is already above $2 per tx on bitcoin blockchain), allow limit orders and high-speed trading for clients. Users will be able to send limit orders inside the spread, thus, improving liquidity. We will provide API for this and introduce a web-based terminal.

(...)

https://www.lykke.com/city/blog/why_does_lykke_coin_price_go_up

nice, i didn't see that !

The whole article is very interesting. Long, but tons of infos! :)

Lykke is continuing the steady climb.
today $0,16 with a marketcap of 22mil.
download the app and get on board! this one is gonna be very big in a couple years,
if you are looking to get in on early stage, this is it!

Nick Gogerty Joins the Lykke Team as Chief Strategist, Gogerty is the founder of SolarCoin.

https://www.lykke.com/company/news/nick_gogerty

”Lykke is building a massive platform for growth,” he says. “Much of that work isn't public yet.
My near term job is to support Lykke's platform by finding the early partners and new products and services that will deliver exponential growth across geographies, business sectors and customers, from individuals to institutions."

Lykke is gonna be a big thing in the future!

Interesting: I have tested the platform and found it promising: I invested a little bit.
Do you know if the likke asset will be tradeable on others exchanges ?

It is planned to get LKK on other exchanges as well.

Can people in the US use the Lykke wallet yet? I D/L'd the app, but it told me that if I lived in the US I could not use it yet? Has theat been fixed, and is there any way to invest in Lykke right now (For USAans) ahead of the wallet?

Unfortunately it's not possible for US-citizen yet to use the App. Reason is that Lykke is in regulatory processes in the USA. Once Lykke has received all needed approvals that will change of course. Lykke has a team in the USA and they give their best to get it through as fast as possible.

is it safe to assume there are no other ways to buy/store this coin/token thingamabob?  I better just get my bowl of popcorn and wait?

Could you rephrase your question? Not sure what you mean. It's possible to store LKK on Coinprism.

Is there a way for a US citizen to buy LKK to send to a Coinprism wallet?

US-citizen can't use the App until the regulatory processes are finished and it would need the App to buy LKK. So, unfortunately not yet.

Lykke is the best exchange i have used so far for buying and selling coins. Zero fees and customer support is top notch! All we need now is limit orders and it will be perfect.  :)

Great to hear that! :)

Offchain-settlement should be released soon, limit orders should be possible then. Ethereum-integration is also pretty much finished and expected soon. 

Lykke has great potential will definitely get in...waiting for some retracement before buying. Really like the concept and have used it, fast efficient and easy way to buy bitcoin.

Compare it to XRP and STR they also hold 66% and 95% of the coins. Taking into account total supply XRP it almost overtook Bitcoin in market cap last spike...

Lykke CBDO will attend the St. Petersburg International Economic Forum

Published in News

May, 15
In response to an invite from officials within the Russian government, Chief Business Development Officer, Demetrios Zamboglou will represent Lykke, a Swiss-based financial technology firm, by attending the St. Petersburg International Economic Forum (SPIEF), held under the auspices of incumbent Russian President Vladimir Putin, between 1st-3rd June 2017.

Mr. Zamboglou is a Cypriot-born financier with over a decade’s financial services experience, obtained in the City of London. Mr. Zamboglou will leverage his attendance at SPIEF (in some quarters being referred to as “Russia’s Davos”), to engage in direct communication with high-ranking Russian representatives from Russia’s elite political and financial communities — discussing technological advances in finance, the role of blockchain and the future of alternative finance.



Lykke is here to stay people! get on board

Lykke is keeping it slow and steady!
today we passed $0,17 for the first time

Nope, that has happened regularily for a while. :)

yeah it touched it a couple times, but i think now we see for the first time a strong rise above the 0,17

picking up some pace, passed €0,18 now..
don't miss out on the huge opportunity !

I'm about to buy BTC on Lykke for some coin trades on different exchanges, but the spreads are horrendous! Could someone sell their BTC there please? It's an excellent time to sell!

Altcoinbonanza on reddit has made a great video about Lykke, also good to get a first overview/explanation:

Lykke is one of my favorite long term investments
https://www.youtube.com/watch?v=zmw2hc8FD5I&feature=share

To be fair, spreads on Bitcoin have been crazy in many exchanges, especially after this whole Bitfinex USDT debacle in recent weeks. There were some arbitrage opportunities for sure but the way Bitcoin blockchain has been working lately (delays for up to almost 15 hours...) it's very very risky if you ask me unless you have funds in a lot of exchanges.

You already have a date about the approval of lykke in U.S.A. ?

No ETA yet, but also because it won't be about the whole USA at once. And it's a really complicated procedure I also don't have deep enough knowledge about.

Some words about how it's done:

1) It's about single states. Some states are easier and will be faster, others are harder.

2) It's about different kinds of licenses

3) It's also about different kinds of possibilities (access to products/client experience).


For the practice that means: One can think of the whole process as a roll-out over time. Citizens of the easier states will get access to Lykke earlier, those in the hardest states will have to wait longer. And there will also be differences about user experience. Some things that will be possible in the EU for example may be blocked first for US-citzen and enabled step-by-step over time.

But Lykke makes good progress and the man who leads it, Michael Klena, has a lot of experience. I believe that first results will realize this summer.

Thanks for the response and the commitment you have had so far in this project. I followed it from the beginning and bought lykke at $ 0.04 last summer, and I think opening in America is crucial to make it grow even faster and deep!

According to your prediction, where do you see lykke in late summer and late 2017?
20,000 and 60,000 satoshi is realistic?

I don't think that much in fix prices but more in dynamics and price-potential. To make it more tangible:

If one does really good research about a project, in this case Lykke, it becomes possible to write down strength, weaknesses and risks. If I do that with Lykke, the strength-list is really impressive. If we look on the next month and ask what is likely to have positive impact on the price it's in my opinion

1) if there should be significant user-growth it's likely to already have some effect.
2) if there will be "messages", indicators of future potential (sometimes what is called hype-material - more psychological impact).

And if we think about the development status right now it's still base-building and not that much "hype-material", but it't also likely to attract more users: Offchainsettlement, Ethereum-integration will be next and should come soon. And all progress on the regulatory front will also attract more users because the door to Lykke becomes more open.

What I expect to be "hype-material", that it will not only lead to more attention on Lykke but also change the picture of Lykke more into "wow, now I get that Lykke is about much more" will be the web-based-terminal. I don't know when it will come but I expect it to have impact.


If we look at weaknesses:

1) Some say that Lykke doesn't do enough marketing.
2) LKK is only on Lykke, not on other exchanges yet.
3) Development delays



First about marketing: It's true that Lykke is still pretty unknown and under the radar and it's also true that Lykke doesn't do much marketing yet. But: Exactly that is potential what becomes clear if we think about a potential alternative: Imagine that Lykke would spend a lot of money to do big marketing. 1) It would considered as hype. 2) Maybe it wouldn't even have the wanted effect for now because at the current stage it's not that attractive for a majority yet. What I expect and what Lykke is about: An increasing tendency - also regarding marketing. Once the base-building is done and once Lykke becomes fully functional and accessible for more and more people (because of regulatory approvals) and starts to do crowdfundings for other projects, begins to list the significant Cryptos and projects etc. it will have marketing effect even without pushing/hyping it hard.

If LKK would be on other exchanges it would have marketing effect, especially on bigger exchanges like Poloniex or Kraken etc. I don't know if that will come soon. But it's not necessarily bad if LKK is only on Lykke first, simply because it ensures a more stable growth, also because it more attracts Investors instead of "In-and-Out-Traders". The price becomes more reliable and a better reflection how Lykke is seen and valued. At the same time: The potential still stays - not being on other exchanges is the potential to hit other exchanges once ready.

Development delays are not nice for sure but a common reality for complex projects and it needs quality. As long as they deliver quality and improve everything what may not be as perfect as possible, I see no problem.



If we look at risks:

In a lot of projects the teams itself are the major risks because there are many scammers and even more teams that find out that they are overwhelmed and/or run out of funds etc. The team behind Lykke is absolutely reliable. Nobody is perfect but there is no doubt about their honesty and professionalism and abilities - and whenever there may be a lack on whatever front they hire somebody to close a gab.

But: One risk is always the technology itself. Offchain-settlement for example is a hard thing to do, very complex. That's why they are testing and testing and testing. At the same time there are projects out there, like Factom for example, who still had to face problems after going life and after extensive testing for months.

Another risk may be the financial side because Lykke is expensive. Not speaking about price and marketcap but about the goals. Lykke needs manpower and especially regulations are damn expensive. But again, they know what they are doing. Richard Olsen is a man with huge experience and there are many others as well - Sergey Ivliev (won a prize for best Risk Manager) for example but also others.

The number 1-risk in my opinion is security. It would be a huge set-back if something would happen on that front.


And my way of thinking about it all, as a conclusion is:

Risks are risks. If a worst case scenario should realize and it's never possible to totally exclude that (in no project, no Investment at all), it would have impact for sure. At the same time the team behind this won't give up.

Interesting are the weaknesses because I see it all as potential. And the Lykke-strengths are even pure potential in a lot of ways: A very attractive usecase that will become more and more attractive over time what will lead into increasing natural growth (already happens). And over time it will also be possible to make more marketing because even if offchain-settlement is absolutely important, it won't get the attention like web-based-terminal, debit-card, business deals etc. It's simply not such an eye-catcher, unlikely to produce headlines.

In very short words: If no risk-scenario realizes the price of LKK is very likely to increase and maybe even to hype. It's not possible to predict the "when" or "how high", but if we compare Lykke with some projects that are in fact only smart contracts on Ethereum but very high valued: Once people begin to understand that Lykke can do all such things and more, including becoming a prediction market etc., they may rethink what should have a higher value.


This was the try to outline my personal view and of course I'm biased because I work for Lykke. But I work for them because I see what I see, not the other way around. ;-)

Thorough and well spoken Tempus. To me, Lykke is the only long term investment available at the moment which I would consider an excellent buy at 4X the ICO price. It has extreme market potential, works very well in terms of doing trades although lacking in some respects as of yet (such as a proper trading interface, limit orders being the most sorely missed).

I do not think that LKK should at any stage go on Poloniex, Kraken or any other centralised exchange of the simple reason that they are prone to attacks. Since LKK is a token that represents shares, it could potentially become a problem for the company or the rest of the coinholders if a lot are stolen, lost or somehow otherwise compromised.

Thank you so much, Mr. Tempus.
You are really exhaustive, detailed and convincing

I keep my lykke for a long long time.   ;)

I'm planning to buy another 150k lkk1y, but i am waiting for the opportunity to sell a large chunk of XRP for that.
So lykke must not rise to hard to soon. ;) at least wait fot XRP to rise around $.75

I agree with tempus that it's hard to give predictions especially in BTC prices. If you take the past ICO price (it was around 8k sats) it hasn't moved that much, especially compared to other assets which actually pumped 4 or 5x (let alone in fiat terms). So I think that while the fiat pair can continue to rise as long as Lykke gets to be more well known and developed, the BTC pair is not so clear, I've seen LKK both gain on BTC rises and the other way around.

I think Lykke is a much more stable investment compared to other projects, it's not only about token/platform usage speculation, investors are getting actual true equity in the company, something quite unique in this space. Things like offices, licenses, revenue and other assets all matter while estimating the true value of Lykke as a company.

In terms of outlandish predictions or wishful thinking, someone on Reddit mentioned recently that "One day Lykke might be the stock exchange of the world. Maybe not, but maybe".

 ;D

Is the offchainsettlement update complete and successful now?

As far as I understand, it's a like a step-by-step-rollout, that more and more users are taken into offchain. And yes, all seems fine so far.

Only issue I know and also experienced myself: first it gives the message "App version not supported. Please update."

Users need to log out and than to login again. That should solve the problem.

What is lkk1y?

https://www.lykke.com/city/blog/what_is_lykke_forward   you buy lkk at a discount by settling lkk1y for 1 year

Well, but that was an active offer until February 28th.
Now you can still buy lkk1 coins and at what price?

Hey kronos123, right now it's around 10%, the market dictates the price of course, I've seen it above and below that but I think the days of 20% discount are long gone.

You can find the actual price in the lykke app.

one thing is clear. the price won't jump up and down (pump and dump) when the token is not listed on exchanges.

a problem i have with lykke is: do you really don't need lkk to make a trade? if the answer is yes: how will the company make money the future?and why should anybody buy tokens/shares?

No, users don't need to buy into LKK to use Lykke and there is also no fee. So yes, it's of course a good question how they'll make money. The answer is: Lykke acts as marketmaker, is algodriven and makes money over the spread. You can think of that as kind of a dynamic fee, dependent on the market situation. Additionally Lykke will also become a platform for others to do crowdfundings, they plan to go into the payment direction pretty soon, over time it may even become a prediction platform.

Here is an answer of Richard Olsen on Reddit on a similar question:

"My apologies for the late response: yes, our business model is to earn money as a market maker. In this context I want to mention that we will create investment products, whichLykke customers can invest in. The funds of these investmetn products will be used for market making. If market making is done with our own funds, we earn 100% of the profits, whereas with the investment products Lykke earns the performance fee.
Lykke is on a rapid innovation path and we will release products that will be game changers for the industry: margin based trading across all asset classes on blockchain, boxoption - a highly intuitive tservice to trade short-term price moves, borrowing and lending service powered by a new securities lending model. We will offer these services fully regulated, which enables us to aggressivley market our services across the globe. The growh and profit potential for Lykke is huge."
https://www.reddit.com/r/lykke/comments/5u9auy/if_lykke_doesnt_take_fees_for_anything_how_they/

Tempus, thanks you're being very helpful here  ;D

I was just wondering about the roadmap for Lykke. Looking at Trello, there is quite a lot of things listed for the near-term, do you think that will all realistically be done by the end of this year? I am really enthusiastic about the Lykke project and checking every day about anything that's going on, i guess that can make it like waiting for a kettle to boil!

The Trello-roadmap actually was an internal roadmap but Sergey gave me his ok to publish it. It's not totally set in stone but more dynamic. Especially time estimations may change, sometimes he moves something from near- to mid-term and the other way around for example (you can see changes by clicking on Menu - on the right side).

And history shows, not just in Lykke but in all ambitious Blockchain-projects, that delays are not that rare. With other words: Think of the roadmap as goals to reach and I have no doubt that those goals will be reached, but it's very hard or even impossible to think in fixed time-estimations. That's also a reason why there are no fixed dates - only near/mid/long-term. That gives some room. ;-)

But yes, I believe that "near-term" is achievable in within about few months. If not Sergey would move it to mid-term. He did that with P2P-Lending for example.


About time estimations (near-/mid-/long-term) he said this on Telegram:

"short term (in road map) indicates the tasks that are in development/deployment phase, eta typically 0-4 months; in 'mid-term' are the tasks that are on our todo list, eta 3-6 months; long-term are the projects that we envision, eta up to 12 months and longer"

Super, thanks!

Lykke has achieved long awaited milestones: Offchain settlement and Ethereum integration. We will hold an Annual Lykke Coinholder meeting online on June 29.
 


Ether is on Lykke

We are happy to make Ether available for trade in Lykke Wallet with Ethereum fully integrated to Lykke Exchange settlement process.


Lykke smart contract has 2-of-2 multisignature set up, so that every transaction such as trade or withdrawal needs two signatures: by the client's and by the exchange's private key. The contract holds segregated clients balances and provides a mechanism to guarantee funds recovery if the exchange goes offline.

Check out our CTO's recent blog post, where the Ethereum integration is explained, and the smart contract code on Github.


Offchain Settlement 

We have deployed offchain settlement at Lykke Exchange.
Users can now securely complete trades in state channels, that are opened between the client and the exchange.

The Bitcoin blockchain was built to process about seven transactions per second. That translates to a settlement time of about 10 to 30 minutes per trade, and impose significant limitations for the exchange capacity to settle trades.

Offchain settlement allows to overcome this limitations without compromising the security. The counterparties freeze funds as a collateral on the blockchain and provide the so-called commitments to each other. When both parties agree to the terms of the new trade then commitments are updated. Commitment transaction can be broadcasted at any time on the blockchain to get frozen funds back and close the channel.

Read our Offchain Settlement FAQ

 

Lykke Regulated Entities

Demetrios Zamboglou, Lykke CBDO:

EU Broker license update
Our application for European Investment Firm (CIF) license for Lykke Cyprus Ltd. is on the fast track at CySEC (Cyprus Securities and Exchange Commission). The team is preparing an official response (answers and additional documents) to the first letter recently received from CySEC.
 
EU Electronic Money Institution license update
The application for EMI is ready to be submitted to the Central Bank of Cyprus (including a pledge of 350,000 Euro Capital Requirement). Lykke EMI is engaged with various banks for supporting the payment processing strategy. New systems and controls are now in place – pending activation for electronic payments.
 
UK MTF license update
The MTF (Multilateral Trading Facility) package is facing some new delays due to the updated FCA requirements for UK based MTF. We are updating the IT Strategy document and the application package to match the new requirements of the FCA.
 
Margin trading update
The final release of the Lykke platform for margin trading is awaited in June for a limited list of jurisdictions under Vanuatu's Dealer in Securities license. Traditional leveraged FX & CFD products will be extended by BTC and ETH trading.

Michael Klena, Director of Lykke US:

US has fragmented regulations, in that different products are overseen by different regulators. And each regulator has different levels of approval, depending on trust/experience with the regulator and capital segregated.  

Lykke's approach is like climbing a ladder. We will get approval for the lowest levels first.  Then we can apply for higher & higher regulation approvals. This takes time, but it is the best way to achieve our goals.

Applications have already been submitted to SEC, US Treasury and IRS with CFTC and OCC to follow shortly. We expect our first approvals for a very limited set of products by the fall. Each quarter we expect to add more & more products as approvals come in. By the end of 2018, we expect to be able to trade everything that Lykke offers.

Seamus Donoghue, Director of Lykke Singapore:

We have a new addition to the team in Singapore - Venky Sethuraman has joined us and as the former head of equities with Standard Chartered and previously Citibank brings us great institutional experience that we can leverage across the region.
 
We are in the final stages of choosing legal council to assist us with our Singapore regulatory applications to enable us to launch a fully tokenized securities exchange. This would allow us to handle security related ICO/ITOs as well as provide a venue for secondary trading. It has been challenging to find firms that have any in-depth understanding of tokenized assets but we have managed to narrow it down to a strong shortlist. Given the local Singapore retail market is relatively small, our initial licensing will be for accredited investors and institutions as this will allow us to provide services  to the large institutional pools of private wealth in Singapore. Once the application process has begun, we expect the process to be completed in roughly 8-10 months. We will look to partner with local incumbents to tap into the Singapore retail market.

As we prepare our regulatory applications for securities trading we expect to roll out crypto and tokenized FX products in the 3 to 4 months assuming that the legal opinion that this will not jeopardize our regulatory applications. That legal opinion should be confirmed shortly. The launch of the Singapore wallet will enable all retail investors to access the FX and cryptocurrencies, while securities, once we obtain regulatory approval, will only be available to accredited investors. We are in the process of working with compliance partners to gap our AML and KYC policies to MAS standards and ensure our Terms and Conditions are consistent with Singapore Law. We expect to announce a launch date in the coming month.


Annual Coinholder Meeting

We are proud to have more than 3'000 Lykke coin holders from 87 countries today. Each 1 LKK embodies an entitlement to the 1/100th of a Lykke company share.

We plan to hold our annual meeting digitally on the 29th of June, 15:00 Zurich time. The link will be sent out in advance.

We will report for the first year of operations, provide insights on our new projects and initiatives, and answer your questions.

Please note that to be able to vote you would need to complete your identification process in the Lykke Wallet (selfie, ID, proof of address).


Lykke life speeds up - stay tuned!
Richard Olsen and Sergey Ivliev,
Founders of Lykke


All impressive stuff!
also the value of lykke is still rising every day.
sad for me, cause i wanted to buy so many more ;)
there is nothing like lykke out there! get on board or get left behind, choice is yours.

will coinholder meeting makes price increase?

still looks good to me, we scraping against $0,40 already. and volume is rising

Time to get some cheap lykke!! Be quick this aint gonna last

Since two days ago Lykke's price per coin on coinmarket cap went down from 0.395 to 0.383 but its market cap went up from around 56 to 61 million. Has there been some distribution so more conis are in free float?

I rather think the time to buy "cheap" lykke was all the way from 0.05 to 0.15, not now at 0.383.

you should look at the facts a little bit closer.
yesterday there was a rare dip in the price of lkk from $0,38 to $0,32. and now its backup to $0,38 again.
you could have made a easy 15% profit, so that was a cheap buy!

as for the other question, it was answered extensively already by @tempus in the announcement topic where you asked the exact same question.

 

https://www.financemagnates.com/cryptocurrency/exchange/ethereum-now-available-lykke-cryptocurrency-exchange/

Recent article in finance magnates about ethereum integration in the lykke exchange

He was right, the price "didn't last", but it didn't quite move in the direction he was intending - having a more downpointing tilt than the straight line up promised. Lykke was cheap at 6 cents. At 41 cents, it was substantially overvalued at some $600 million plus in marketcap. To give you perspective Coinbase was talking about raising a funding round that valued itself at $1 billion http://www.cnbc.com/2017/06/02/bitcoin-start-up-coinbase-aims-for-1-billion-valuation.html

Coinbase in conjunction with its exchange GDAX has regulatory approval all over the place, including UK, Canada, most of EU Europe, and most or all US states (probably most not all). It has insurance for both crypto, and for US folks FDIC insurance of USD deposits.

Lykke on the other hand according to its annual report has "a Vanuatu brokerage license".  https://www.lykke.com/Annual_Report_2016.pdf (see page 3 and from page 19)

It is "applying" for lots of licenses, with keys being the US and UK. Applying for a license and having one is a very different thing. Lykke really has no licenses at this point, although they'll likely get some as time goes on, and anyway they appear to be allowing transactions without a license certainly with cryptocurrency, which they can probably get away with since everyone else is doing that. Not having any US license is a massive thing, and I'm not sure with a Swiss firm in competition with US incumbent Coinbase how enthusiastically and quickly US authorities will be in granting them licenses.

Lykke's userbase according to its recent annual report is 11,442 users as of 1 June 2017. https://www.lykke.com/Annual_Report_2016.pdf  (Page 5).

I couldn't get exact stats out there on Coinbase, but it seems like it's got anywhere from 6 to 10 million users.
https://cointelegraph.com/news/bitcoin-user-base-surges-coinbase-adds-1-mln-users-in-1-month
http://www.newsbtc.com/2017/03/01/bitcoin-exchange-coinbase-surpasses-6-million-total-users/

Lykke is sitting currently at just under $480 million in total market cap (that is marketcap including coins held by founders and not in free float, which is something like 80 to 90 per cent of them).

My point is, how could Lykke possibly be worth half of Coinbase, that has 6 to 10 million users, worldwide regulatory approval, including the key US market through approval in US states when Lykke has less than 12,000 users and no real regulatory approval? (I'm not suggesting Vanuatu is not a "real" jurisdiction, I'm saying it's not an important one for the purposes of cryptocurrency markets).

My conclusion is it can't. That's why the price is off over 10% at 36.5 cents, but I think the price correction has only just begun. Segwit 2x will activate, and, when it does, Bitcoin will go up like crazy. No one will want to miss out on the action, they'll dump lots of things to free up liquidity to ride the "Bitcoin has finally scaled" wave up, they'll dump Ether, and they will certainly dump Lykke - especially early investors who are already sitting on lovely, acceptable 7x profits. I easily see a correction down to 25 to 30 cents in the next couple of months, which is probably closer to fair value anyway.

The big upside risks are (1) US regulatory approval and (2) substantial userbase growth. The big downside risks are (1) rejection or delay of US regulatory approval (2) Bitcoin scales and everyone dumps everything including Lykke to buy it.

I have warned people for two weeks now not to listen to those pushing irrational exuberance. I warned LKK was dropping. Now the altcoin route today is harder and faster than I anticipated, I easily see LKK 10-15 cents, wtih under 10 cents probably a safe place to get back in.

Lykke and Pillar Project coming out with a ICO is almost the same project. The guy making the Pillar Project work in Lykkes slack channel and wrote an article for them https://medium.com/@pullnews/the-story-of-the-lykke-coin-251b8179480c.  Someone complained about someone copying the Lykke project and Tempus was trolling the guy acting very strange so I decided to start researching. I would think his reaction is wow i need to tell Richard about this. This is the pillar project https://us.pillarproject.io/. Also the story of the pillar project just like the lykke project... https://theascent.biz/the-story-of-the-pillar-project-bc7a653c8931. There is another one called the mother ship same idea and the road map is formatted just like the lykke roap map. Not sure now if Lykke is for real or just rolling out ICOs with the same idea.


 

Lykke is really great. It is an interesting concept. The coin is actually shares of the company!

Pillar is not related to Lykke. There are also no relations between Lykke and Mothership.

People are free to build teams and to present their whitepapers and goals to potential Investors who have to come to own conclusions and to make their choice if to invest in a project or not. And it’s always a good choice to dig deep to find out if something may have quality and a chance or not. I personally don’t know anything about mothership so far and if it could be seen as similar to Lykke or even a competitor. What I know about Pillar - I have zero concerns that it could turn out as competitor.


About this:

"Someone complained about someone copying the Lykke project and Tempus was trolling the guy acting very strange so I decided to start researching."

I didn't defend Pillar in any way, but I disagreed with implications that David Siegel is a scammer or "stabbed Richard in the back". As far as I know: Nobody in Lykke is concerned about Pillar. The rest of the discussion on slack was pretty personal because I then was accused to work for Pillar or that I should leave Lykke to work for Pillar, being a scum and delusional and so on - so I just defended myself.

Agreed with all this, the issue raised is understandable though as David Siegel is known for its work on Lykke University for example. So I would ask him about Lykke if I were about to invest in Pillar for example not the other way around.

There are many projects similar to Lykke that were started before too, like Waves or Bitshares who share similar characteristics. There's also new ones like Mothership and I'm sure there will be many upcoming ones as Blockchain keep evolving so I don't see the point in dwelling or speculating on that. I would go as far as saying Litecoin or Expanse are direct forks of Bitcoin and Expanse and I don't see any problem with that, the best one will win, and it's safe to assume there's room for more than one in every niche.

how does lykke reward the shareholders?

What do you mean? Shareholders own a percent of the company, they are entitled to dividends, voting rights and any asset the company owns now or in the future. This would include licenses, offices, equipment and so on. In that sense Lykke is one of the only projects that gives you actual equity, it's not a digital protocol or a piece of a platform (I compare tokens or coins to "software licenses"). This doesn't mean an Adobe or Microsoft software product can't have value but is very different compared to actual shares in Adobe or Microsoft companies.

well you are right to some extent that lkk-10 was dropped down because of the market value was decreased a lot and the people got dishearten by the dump in the price .bitcoin is a chance for those people to get benefit and earn money as much they want.

It wasn't just LKK-1yr that dropped, LKK has dropped from 41 cents to 25 cents. If people don't think there's more pain in store for the crypto markets in the lead up to Segwit 2x on 1 August fine, but I'd beg to disagree.

There's too much downside risk for everything on the market until Bitcoin scales. The only short-term "safe" places I see are Tether and to a lesser extent Bitcoin itself. (Bitcoin will likely drop over the next two weeks, but other coins will probably drop more so).

I see way too much downside risk for LKK over the short term, it's possible first week or two of August could be a time to get in, if it drops enough that it makes sense from a valuation perspective.

@playingpoodles, you didn't get any grip on the official thread and reddit, so you try it here again? ;-)

Will you stop demonising me for mentioning an inconvenient truth? It is not an outrageous thing to say in the lead up to Segwit 2x I think all altcoins including LKK will drop. I think Bitcoin will drop too but less.

Instead of entering into fair dialogue, you throw a bunch of personal insults at me, someone you've never met, for expressing an opinion. In response to the false and unfair allegation, I bought LKK at 0.06 and I thought it was good value at that price. Yes, but not buying now because I think it's overvalued - mainly because it has NO licenses besides "Vanuatu brokerage license", and when compared to competitors that DO have such licenses its present price at 26 cents makes no sense (TO ME).

It's unfair to demonise all dissent.

I don't demonise you. I don't even take it personal. But of course I didn't appreciate your several attempts to talk the price down with claims like "LKK started selling off earlier and faster than the altcoin market as a whole", your accusations the market would be manipulated, even personal against Richard Olsen, and your price-talking on several threads on reddit.

It's really simple: You come up with things like that, I reply on it. Nothing personal, nothing special.

The price use to be just 0.02$, it rise up to $0.50 during the pump but its now dipping. If you were to buy, you might want to wait til we'll see it goes down below $0.15 because thats when investors who ride during the pump may hold for years.

Yes, I tend to agree that in the leadup to Segwit 2x downside risk probably isn't fully priced, so below 15 cents would be a buying opportunity.

What I've said about Richard Olsen is Lykke is a "make Richard Olsen richer scheme". This is patently obvious given that he owns most LKK. It is not even a criticism of him, I think he's a genius. But I don't like this pretense that he's all a lovey-dovey, hug-the-tree, let's all be fair to each other, kindly Scandinavian uncle. If you didn't notice, he's a ruthlessly successful businessman - that's not a bad thing, but pretending to people that this man who owns most LKK is not in it for his own profit is a bad thing.

Regarding Bitcoin: I'm not so sure that things will go wrong. Reason is: A huge majority wants segwit and I know of nobody with authority and skin in the game who would want a split. What is likely to happen: Segwit will hopefully (my opinion it's likely) be activated pretty soon and then we will see if the hardfork to 2mb will happen. That is controversial for sure but it will be some time in between.

And that absolutely could lead to a rising price because the pressure on Bitcoin is caused by all the controversy and the frozen fronts-status and the lack of progress - not just since we see the price going down but even earlier, that it didn't move up much more.

But, we will see how things turn out. Bad scenarios are not impossible of course but will most likely hit the whole market. That's why I think your focus on Lykke is so interesting. ;-)

Like I've already told you: It's never smart to state personal theories as facts and to speak about people you don't know in such a way. Whatever you might think about Richard Olsen doesn't matter. Of course it's easy to come up with accusations like you already did, that he would intervene on the market, because the price didn't drop like you wanted to see it (and let's not forget: You just need to take a look at the volume and you know WHO buys. That's a great skill!) And of course it's easy to say things about R. Olsen how you do it now, using words like "ruthlessly" etc., while being hidden behind a pseudonym.

But from us both here, you are the one who doesn't know him. I have never met him personally but we've talked several times on phone. And we both can't look into his head, but I never had the impression that he started Lykke to make money and he is in no way ruthlessly but the opposite. And since many many years Richard Olsen is known as Innovator, as somebody who is a combination of economical expert, business man, philosoph, and yes... he really wants to change how financial markets work - that's not an attitude to make money. He is absolutely serious about that and not just since Lykke.

So, if you really want to write bullshit about him I can't stop you but maybe ask yourself why. Nobody has ever tried to force you into buying LKK. Your problem is that you want it cheaper.

And when it's about Richard Olsen's supply, let's try it with logic:

- Richard Olsen is the main-founder of Lykke, the one who started it
- He is one of several people behind this project who works hard for it every day.
- Richard Olsen is the main-investor
- LKK is not a cryptocurrency but represents ownership of the company

So why the hell shouldn't he own most of it?


It's really simple:

If an Investor believes in the idea and has some trust into the team, he might recognize it as an opportunity and a potential win-win-situation to buy LKK - all risks involved. If somebody doesn't believe in Lykke and/or the people who are working on it is free to stay away.

And if somebody considers LKK as good investment, like you already said that:


....but believes that it's overvalued: Simply wait. If you are sure that the price will go down, just wait to get it cheaper somewhere in future. But if you believe that you have to talk it down with all what you come up with - that is really revealing. That shows much more about you than about Lykke or Richard Olsen.

Your logic is completely flawed and I agree on the comments on Richard Olsen that tempus just gave you. However I can see why you are concerned on "a guy owning most of the coins" concept since you seem to come from a crypto background like most of us. I also would take that seriously when doing due dilligence but you need to change that view with Lykke since you are talking about a company not a protocol or a currency here.

So your argument is wrong in the sense that it can be applied to Facebook/Zuckerberg or the guys at Snapchat who own like 98% of the shares. LKK will become more distributed with time although there's no really a need for that, it doesn't have any benefit whatsoever, you can use Lykke products and services without buying shares in the company just like you use Gmail or let's say Coinbase or Xapo for similar competition examples.

Look tempus and mtnsaa leave the Richard Olsen thing alone. I hardly think calling a successful businessman a "ruthlessly successful businessman" would give someone an action against me, anonymous or not. The whole point is I never post factually inaccurate things, or personally attack people. Just because there's a soft velvet glove on the outside doesn't mean there's not an iron fist inside it, and there's a lot of successful people I think that applies to.

And no it doesn't bother me at all that Richard Olsen gets supermajority of LKK and makes most profit from Lykke's success, and no tempus from all the documents I've seen he is not the largest capital investor, there were some angel investors and the ICO and that's where most of the funding came from. I don't mind that either, I say good on him. What I mind is the pretense that he's not a hard-as-nails businessman out to make money - if he's not into the money he can pledge half his coins to the Gates Foundation or something. I don't think he should, I just think it's insane to suggest he has no profit motive. But let's just leave him out of it, I think we both agree that we admire him even if you see more selfless motivations in him than I do.

The point is other people put up most of the capital, and Richard stands to make a supermajority of the profit. The question 'is that unfair?' to me is a pointless one. The better question is, is that life? Yes, it is.

tempus I agree with you that once Bitcoin DOES scale with Segwit 2x,and like you I believe IT WILL, then it will go crazy upward. But before that, as we get closer to 1 August, I wonder if some money will get scared out of the market, and I think non BTC coins including Lykke are likely to be more affected by this fear than even BTC. Like you say, we'll see.

Who started talking about him?


 

Let's try - you said:


Is that factually accurate?


And you didn't personally attack? I don't want to copy it all but take a look at all what you've said about Richard Olsen, including:


Is that factually accurate and not personal, especially in the context what else you said about him and Lykke in general?


Regarding him being the biggest Investor: He said that himself once on telegram. Unfortunately I didn't make a screenshot. But thing is: He started Lykke out of nothing so I don't have much doubt that it's true.

I don't really mind your critics and "concerns", you have a lot of good points and things that need to be clarified, plus some are very benefitial for Lykke on how to improve. But it's all over the place sometimes and at other times you are stating opinions as facts, which I don't think is wise, it goes nowhere.

I very much agree on your thoughts on business "leadership" and how of course every businessman should fight hard for its company to make money, however you mentioned the Gates foundation, many CEOs and wealthy people (some already left the position) are really trying to make the world a better place, they are older and more mature and greed is out of the equation already, they have a lot money and power already. You can see that in many personalities like Elon Musk, Bill Gates, Jack Ma, etc. Others were more ruthless like Steve Jobs if you will! But most succesful people like that end up being the most generous in comparison to people like us that live day to day or month to month.

But to answer your question about "if he's not into the money he can pledge half his coins to the Gates Foundation or something", it's funny but the answer is at Lykke site clear as water although I don't have much more info than that:


So as you see, you have to acknowledge that on some topics you are not well informed and we are trying to give you some insights from the other side even if we are not from the development team.

I think there will be such projects in the future. with the interest in the crypto currency markets, the market for input and output money into important projects. tenx is in the eyes of investors and Monaco. this also is an important platform. the Web application must be active.  ;)

All right I went too far in expressing my opinion that top echelons of Lykke were injecting liquidity, mainly in alluding to Richard by name. For this I apologise to him, and I will remove that post. I should have said "manipulated the market to try to stop Lykke's price dropping" and mentioned no one by name.

"Richard has pledged his shares to a social cause after fulfilling his other responsibilities." I find this a completely meaningless pledge. It will become meaningful when he interprets this to mean he HAS fulfilled his responsibilities and therefore HE WILL donate his shares to the public good. Since he hasn't done that at present, despite being a very high net worth individual, he obviously interprets that he hasn't fulfilled his other responsibilities, an interpretation I'd probably find very tempting to come to also in the same position. This is kind of what I mean by 'the iron fist inside the velvet glove'.

Happy to drop this topic.

Hi to all, I wonder why Lykke share has stuck at this price and ICOs like monaco and TenX went to the moon, which are one piece of the Lykke project? Is because of the bad marketing or no marketing do you thing ???

stuck at ICO price? are you kidding? I bought during ICO and the price was 0.05 CHF. Now the price is about 0.35 CHF.

https://coinmarketcap.com/currencies/lykke/

Hey I also bought it during ICO .... sorry that you forget that when you bought lykke at 0.05 chf the Bitcoin was $ 800, that's why lykke was first 0.05 and is now $ 0.35; is bitcoin that is increased, not lykke.
When i bought lykke and saw it in marketcap the first time it was about 6,500 satoshi while it is now about 7,500 ... this unfortunately is not a good growth so far.
I hope that one day it will eventually explode and be traded on other exchanges.

While the whole cryptocurrency market increased during the last 12 months, I would say many projects adjusted its prices accordingly compared to Bitcoin pairs, that's only natural, if not then Litecoin or Ethereum would be well above $300-500 and $1000 respectively at some point.

On the other hand, if Bitcoin goes above $5000, it's only natural for their close competitors to benefit for a increase in price, just as an hedge but not only that, many of us believe there's no single blockchain to rule them all but many ones (which is not very wise since relying on one will be point of failure).

I would say LKK hasn't even rally in terms of BTC yet, it adjusted quite rationally in my opinion, we mentioned many times in this thread and the official one that LKK seems to be a more stable option compared to others where crazy volatility is the usual scenario.

for all of you who don't follow lykke that close,
here is a some of the things they have done since i started this thread in april.

april 26 -  Lykke opened an office in Singapore

https://www.lykke.com/company/news/seamus_donoghue_joins_lykke

may 11 - lykke hired founder of Solarcoin, Nick Gogerty ass their chief strategist

https://www.lykke.com/company/news/nick_gogerty

june 1-3 Lykke CBDO attend the St. Petersburg International Economic Forum

https://www.lykke.com/company/news/lykke_will_attend_the_st_petersburg_international_economic_forum

june 8 - Ether has been added to the lykke exchange!

https://www.lykke.com/company/news/ether

june 14 - "Lykke made history today by integrating a first-of-its-kind offchain settlement capability into the Lykke Exchange trading platform"

https://www.lykke.com/company/news/lykke_adds_scale_to_the_bitcoin_blockchain

june 28 - Lykke Wins FinTech of the Year Award in Digital Championship Cyprus 2016–2017

https://www.lykke.com/company/news/lykke_wins_fintech_of_the_year_award

august 26 -  lykke exchange limit orders released

https://www.youtube.com/watch?v=J4Buz_uMz28&utm_content=buffer5892a&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

august 29 - Lykke Partners with CryptoTax

https://www.lykke.com/company/news/lykke-cryptotax

september 4 - Lykke announces the grand opening of Lykke de México S.A. de C.V., a Mexican subsidiary designed to bring the unique Lykke trading experience to the Latin American market.

https://www.lykke.com/company/news/lykke-mexico


so as you can see, they have been pretty busy!
Lykke is gonna grow and grow, and the price will follow.

Does any one know what's going on with USA and Singapore regulations? Or when Lykke will release the promised lykke credit card?

Latest update about the regulatory front is this:


United States
The legal entity of Lykke Securities (SEC Broker) has been registered with the state of New Jersey, which means that Lykke Securities is officially recognized as a New Jersey company. The registrations for the legal entity Lykke Dealer (CFTC Broker) have been completed at U.S. Federal, state, and city levels. The U.S. National Futures Association has issued an ID for Lykke Dealer.

United Kingdom
Lykke UK has onboarded an additional cryptocurrency liquidity provider. The MTF application process is being discussed, and an FCA representative had been allocated. An application package in compliance with MiFID (II) standards is in the process of being updated for submission.

Cyprus
Lykke Cyprus is one step away from achieving its licenses. The Lykke Investment Firm is in the final stage of being authorised by the Cyprus Securities and Exchange Commission, and it is ready to serve clients for trading, portfolio management, and investment advice and research. We have already received a response from the Central Bank of Cyprus for our Electronic Money Institution license, which has also  proceeded to the next phase. The Lykke EMI will be ready to serve any type of client for all electronic payments.

Singapore
Lykke Singapore has established a Singapore holding company called Lykke Corp Pte Ltd. We will be establishing two new entities as subsidiaries in the next few months: Regulated Exchange Activities and Asset Management. We have also defined our regulatory MAS licensing strategy, which includes RMO, or the Exchange Licence; SVF, or E-Wallet; Custody; Remittance Licence; Asset Management; and Crowdfunding. In addition, we have prepared our roadmap for unregulated products in the area of non-securities trading, namely Singapore Wallet, and  we are localizing the Terms and Conditions and the Know Your Customer and Anti-Money Laundering processes for the wallet application.


__________________

Credit Card - Screenshot from Telegram: https://imgur.com/33YhM8a

Tempus, it would be really helpful if you can answer this question for me, you seem to know the lykke fundamentals very well and give clear answers.

What will the total circulating supply of LKK be when they are all issued/ sold on the lykke exchange?

I can't find the answer anywhere on the lykke website (im sure it used to be there), and i have also been contacting lykke support but i dont seem to be able to get a clear answer! As an investor, it's important to know this number.

Thanks!

Thanks to Tempus and Kawasaki for the news you always provide on Lykke.
My was not a critic, I'm also in Lykke from the beginning, but I just wanted to say that lykke grew up little in terms of satoshi ... it grew up in $ because bitcoin grew.
Sooner or later Lykke will be noticed and discovered by investors and market and then there will be a violent price explosion.

Why Lykke? Why is it unique?
Reason 2: multisignature trading wallet


What makes Lykke truly unique is its multisignature trading wallet. And you can ask, why is it so unique if most exchanges validate operations with multiple signatures? Indeed, most exchanges have several keys necessary to validate trading operations, and they store them in different places. But it’s not the same that we have in Lykke!

What makes Lykke’s system different is that these keys not only are stored in different places but also belong to different parties: one key belongs to the user and the other – to Lykke exchange. Unless both parties use their keys, no operation can be authorized and no funds can be moved. You can read more about how this system works on our site: https://goo.gl/jreb18.

Moreover, this system was developed entirely by our team and the code is completely internal. This is why Lykke’s multisignature technology makes any malicious operation mathematically extremely unlikely and the wallet - really well protected!

Take a look at this video to find out more about Lykke Wallet safety: https://www.youtube.com/watch?v=j2h...

Very disappointing news regarding the change from a semi-decentralized exchange to a centralized one. The price of the original Lykke shares has now gone down to under 25 cents. Had an initial investment of equal value been placed in any of the other major ICOs or existing cryptocurrency coins/tokens there would have been far more growth than what we have seen with Lykke. I'm not sure Lykke will recover from this latest news, let alone reach the potential many originally thought it had.

We have to remember the move is temporary (although a viable solution could take months) and Lykke remains focused on delivering all the promises and core parts of its identity including decentralization, direct ownership and instant settlement. It's just that with the current state of blockchain technology that's just not possible to deliver. It's possible but at what cost? The negative side effects were experienced by both the company and its users (in terms of costs and resources and bad user experience).

And while being a semi-decentralized exchange was a very unique selling proposition as mentioned, Lykke can become profitable right now which will benefit the company (by reinvesting its revenue) and its shareholders (by paying dividends). Having a centralized model will make it much easier to add new digital assets therefore aiming at improving daily volume.

LKK is an interesting coin since you also own a stake in the company and you can participate with voting rights in the yearly meeting. Interesting concept!

This is a fairly new idea, it gives the investor the power to decide, this can be a very good new direction. I will study more about LKK and will invest in it if it is really stable. Thanks for your sharing. We hope you will make more contributions to the forum and to the crypto community.

Lykke to list AppCoins (APPC) on the Lykke Exchange

Lykke, a FinTech company building a regulated, blockchain-based global marketplace, and Aptoide, whose AppCoins project is creating an open distributed protocol for app stores using blockchain technology and smart contracts, have announced plans to make the APPC token available for trade on the Lykke Exchange in the Netherlands.

Following the listing, investors will be able to buy and sell APPC on the Lykke Exchange of Lykke Netherlands B.V., alongside a wide variety of currencies, both crypto and fiat.

"AppCoins and Lykke are a natural fit," said Richard Olsen, director of Lykke Netherlands B.V. "It's good to be partnering with a strong innovator and to bring another new trading opportunity to our exchange."

The co-founder and COO of Aptoide, Alvaro Pinto, added: “AppCoins is glad to be part of Lykke’s listing of selected tokens.”

APPC trading on the Lykke NL Exchange is expected to begin on January 31, 2018.

About Aptoide

Aptoide is the largest independent Android app store. The company’s AppCoins project is an open distributed protocol for app stores based on the Ethereum blockchain and smart contracts. It redesigns app advertising, in-app purchases, and app approval flows through a circular model.

https://www.lykke.com/company/news/Aptoide

Deposit and withdrawal fees and limits

Price fluctuations across all crypto markets during December and the unprecedented interest in this space have brought with them their share of challenges. On-chain transaction fees and long confirmation times among them. Lykke has always been committed to the best possible experience for our users and zero transaction fees on our platform.

We will continue to offer zero fee transactions for trading, but we will put safeguards in place to reduce the impact of blockchain commissions and expenses.

https://www.lykke.com/company/news/fees-limits

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Hi guys! How is lykke doing? Why there are so few posts in here?