Whats the rationale for dumping on release?
It's more a problem in smaller projects and markets. Somebody or a group accumulates a lot while price and volume is "low" - knowing that there will be a release in x weeks or so. In small markets they accumulate so much that they couldn't even sell it because of a lack of buy-support. But: Then there is the release, price and volume goes up, and they unload it all. Because if they would hold too much, there could be the risk that buy-support will decrease after the hype. And the longer they wait, maybe because of the hope that the price will go up more, the higher the risk. It's not that much of a concern in Factom. There are some who have a lot. That's visible on Poloniex. And there are also some who like it to dump. But Factom has steady volume and support and whoever dumps into it will make the experience most of the time that the price recovers very quick. But: It was done in the past. It's at least what I believe. Factom had certain good news about partnerships and the price always reacted but fell back. If you take their blog and look what they published the first 4 or 5 months and compare that with the chart you'll find out: There always was reaction but there also was dumping. But I don't expect that for the future, because Factom has more attention and more volume and there is a lot of suspense. The rumor about Ernest & Young 24 hours ago - I was sure that it's bullshit. It's not enough that one speaks after the other on a conference  ...but: The price reacted, because there is so much anticipation... like "soon...something will happen...they never were quiet for a long time" and so on. ;-) Yep, I totally agree. Though I think it's also important to realize that M2 isn't "just another" crypto release. Paul Snow has called it the capstone for Factom for this year and many others to come. A lot of times "buy the rumor, sell the news" makes sense b/c "the news" frankly doesn't have much meat on the bone. Often the news is predominantly symbolic, without a lot of real-world consequence. My understand is that M2 is genuinely substantial in a way that's rare for crypto projects today, and I think that substance will do a lot to buttress against a major dump. Of course there will be people who see the price rise, and sell b/c they don't understand the tech or value proposition that well, just as people sold ETH when it sky-rocketed past $1. But my personal belief is that the more you know about Factom, the longer you'll be likely to hold FCT. Yes, absolutely right. I didn't mention M2 but using the words "suspense" and "anticipation" I meant related to M2. I mean, if there is something good in delays it's that, right? ;-) M2 is like a long awaited album of a great Band! |
|
|
|
Whats the rationale for dumping on release?
It's more a problem in smaller projects and markets. Somebody or a group accumulates a lot while price and volume is "low" - knowing that there will be a release in x weeks or so. In small markets they accumulate so much that they couldn't even sell it because of a lack of buy-support. But: Then there is the release, price and volume goes up, and they unload it all. Because if they would hold too much, there could be the risk that buy-support will decrease after the hype. And the longer they wait, maybe because of the hope that the price will go up more, the higher the risk. It's not that much of a concern in Factom. There are some who have a lot. That's visible on Poloniex. And there are also some who like it to dump. But Factom has steady volume and support and whoever dumps into it will make the experience most of the time that the price recovers very quick. But: It was done in the past. It's at least what I believe. Factom had certain good news about partnerships and the price always reacted but fell back. If you take their blog and look what they published the first 4 or 5 months and compare that with the chart you'll find out: There always was reaction but there also was dumping. But I don't expect that for the future, because Factom has more attention and more volume and there is a lot of suspense. The rumor about Ernest & Young 24 hours ago - I was sure that it's bullshit. It's not enough that one speaks after the other on a conference ...but: The price reacted, because there is so much anticipation... like "soon...something will happen...they never were quiet for a long time" and so on. ;-) |
|
|
|
Its a really interesting project !! Wallet is nicely build  Yes, very true. Usually I don't like it that much to do things on a smartphone but just the App shows a lot about how they do things. I mean, it's really an "easy-to-use-solution" - self-explaining and with a very nice design. What I really like about this project and if we focus on "just" the APP: - it simply can be used as an easy-to-use wallet. - even more interesting: easy-to-use exchange And that already has value. But even more important is the security-aspect. I believe that it's good to be kind of paranoid in Crypto, if we think about private hacks but maybe even more about hacked exchanges or fraud. And if we focus on that: - a (semi-) decentralized and easy to use exchange with fiat-implementation, plus bitcoin, plus ethereum, plus all what will be added there (could be everything as colored coin) plus: They can do ICO's for other projects and so on. Yesterday I've asked in their slack if it will be possible to implement a cold storage-feature, a way to generate keys offline and a way to import keys if needed and they seemed to be very open to do that. And that all combined: 1) easy-to-use and very well desgined
2) secure
--> 1) and 2): as wallet --> for "everybody"
--> 1) and 2): as semi-decentralized exchange --> for "everybody"
- Fiat
- colored coins
- most attractive Cryptocurrencies (Bitcoin, Ethereum etc.)
Plus: Not "just" an App-solution but also a browser-access is obviously under development.
Plus: All their FX-expertise and connections into the business-world
Plus: 0% feeIf I ask myself: Where are barriers to use this? I don't see any. It already is highly attractive for guys like us and that will increase. It's just not very known yet. But that will change without any doubt. It also will find more users out of this (Crypto) space if they do ICO's for other projects in the future. And... access to the established financial system and all the business-connections they have. I mean, Richard Olsen is really well known and respected. The more I learn and think about it, the more potential I see. First I believed it may be overvalued but that could very well turn out to be a very wrong conclusion. |
|
|
|
Ripple has changed its architecture several times, but here is a recent document https://ripple.com/files/ripple_vision.pdfWhat is the difference with Lykke? In Lykke things settle on a public blockchain - no need to invent new consensus algorithms. If one parties trusts another it means that it can use that party as a creditor. Institutions can issue credit as ColoredCoins on public blockchains, and settle between them off-chain. This architecture allows: a pricing mechanism of any currency or asset, native cryptographic currency and issued currency to interact in a single system. Indeed, LKK coins are not central to the converting mechanism - ColoredCoinsUSD can be traded for ColoredCoinsCHF, etc ,without touching LKK (In Ripple XRP is always the medium). Any kind of bank, payment institution, even central banks, can in principle use OpenAsset protocols. The credit in the system are the issued coins, and not native to the marketplace. Indeed while the goals can appear similar, the approach is very different. The team has closely studied the Lightning network proposal: http://lightning.network But again, with Lykke there is a notion of a trusted intermediary which issues coins. In Lightning the so called hubs don't issue proper credit, and there is no market price. Thanks for the infos. Why I'm critical about Ripple, especially when it comes to XRP, ist because it seems as if they let their Investors pretty much alone while they still float the market with XRP whenever they want. Just as example, post of june 2015: Ripple no longer supports the client.
It looks like i'm going to sell most of my ripples. This has to be a joke. I have already migrated a few times and now I have 20k ripples sitting in my account which I have no access to. (...) https://www.reddit.com/r/Ripple/comments/3bjzxe/ripple_no_longer_supports_the_client/And one look on that side: "Thank you for using Ripple Trade. While we continue to develop the Ripple ecosystem, we are no longer running Ripple Trade, the wallet application. You can still access your balances and secret key after migrating your account to GateHub, or at another wallet provider of your choice. If you choose to migrate to GateHub, click, Migrate Wallet to GateHub to get started."https://www.rippletrade.com/#/404And in a german article it was stated that XRP would be more like a Spam-protection which shouldn't even be necessary in a closed system like Ripple. I don't have deep knowledge about it, but I've read some discussions and that many XRP-Investors are very disappointed. And after learning more about Lykke I'm glad to see that this won't be like Ripple and that the value of LKK is deeply connected to the value of the company since it's about shares. |
|
|
|
Interesting speculation on reddit: Pretty obvious... Ernst & Young / Factom partnership will be announced in a couple of hourshttps://www.reddit.com/r/factom/comments/5470pa/pretty_obvious_ernst_young_factom_partnership/I'm not so sure, but maybe he has a point, because Ernst & Young really is very interested in Blockchain. And what is also interesting: Host of the "2nd Blockchain Summit" is the Wanxiang Group which is already connected to Factom because of DataYes: About DataYes
DataYes is China’s first open and big data information platform, curating both structured and unstructured data from across the globe covering key economic metrics as well as industry, company, e-commerce, search and social media data. It is a treasure box full of raw materials for artificial intelligence and quantitative investment research. DataYes is China’s leading edge financial technology company founded by a group of experts in the fields of finance and internet technology. It is invested by Wanxiang Group, one of China’s largest non-state-owned conglomerate. DataYes’ headquarter is located in Shanghai Lujiazui Financial and Trade Zone, and has an office in Silicon Valley. For more information on DataYes, visit datayes.com.https://www.factom.com/blog/datayes-factom-announce-collaborationAt least this rumor is enough to get the price a little bit up because there is a lot of talking about it on Polo. ;-) Yes, yes, but we really do not need another pump just to be followed by the dump. We need M2, burning of Factoid and real usage of entry credits in order for the price to grow. I agree and disagree at the same time. ;-) Markets are always a gamble and rumors are part of the game and dumpers will play their game in all scenarios (dumping on release for example). |
|
|
|
Oh, nice! I didn't know that this is today. |
|
|
|
hmm. Well when can we trade ant shares?
If nothing changed the main-net will be launched most likely in October or early November. Regarding exchanges:
"there will be both China-based and foreign exchanges, right after the Mainnet Launch (a few days)."https://www.reddit.com/r/Antshares/comments/531fli/when_antshares_will_be_avialable_in_the_market/d7qsdvmI hope for the combination of bigger chinese exchanges, maybe even Huobi (if you look at their team: fordmer Dev's of Huobi involved) and/or some others --> plus Poloniex. If that should happen this won't come close back to it's ICO-price. Thank you! We do have team members who were formerly senior Huobi/BTCC exchange members. But it really depends on their own strategy, as they are very senior and established exchanges in China. Yunbi is a very good exchange in China for Alts. Laomao has a very sound reputation for selecting nice coins, and the exchange is backed by Li Xiaolai, the richest Chinese by bitcoin. In the west, Bittrex, Shapeshift and Poloniex are all good exchanges, we are in good communication. Also, we welcome new exchanges to get in touch with us, since you can tell after Antshares there will be more Chinese projects popping out, also triggering greater Chinese capital involvement. I am not giving any implication. But it is certainly of no surprise for a promising project like Antshares to received wide recognition. What may be great for Antshares in future could be an implementation in this multi-asset-wallet: https://www.exodus.ioI know that they'll add Factom after Factoms next release (M2) and some other projects as well. And what's great about it: "Exodus is the first desktop multi-asset wallet with ShapeShift built in."In fact it's a "user-friendly-in-wallet-exchange" or however one should call it. ;-) Maybe something to keep in mind. In general the exodus-team seems to be open to add new coins and tokens. |
|
|
|
To become a full shareholder, the owner has to reveal his name to Lykke so now i need to know how i can do that. then i think it is an easy way to buy shares of a company by buying their coins. You already can buy LKK and trade them (until end of ICO it's also possible to sell it back to the fixed price - a nice way to try out their app) and so on without revealing sensitive informations, at least if you buy with Bitcoin. If you download and install the App you just have to give a mail-address and your name if I recall it correctly (I did that too fast to remember every step). And regarding the share-aspect, Richard Olsen writes: "strictly speaking the Lykke coins are an entitlement to Lykke shares - they are a digital representation of Lykke shares."How I understand it: We Crypto-folks can buy and trade it like any other Cryptocurrency or token and of course also after this ICO because the market will take over right after if I'm right. As long as we don't want to give all informations --> LKK = entitlement to Lykke-shares. And everybody can decide at any time if he wants to become a full share-holder by law. The interesting part is: It's already safe that the share-aspect will determine it's value. It's kind of an all-in-one-solution because everybody is free to benefit from that even without giving all sensitive informations while he has the chance to do that. ************ Just btw: Some days ago there was this news about Ripple: "With the launch of the “Global Payments Steering Group”, blockchain startup Ripple has revealed details of a new interbank group that will create the first “rules-based blockchain payments network” for global money transfers."https://www.cryptocoinsnews.com/ripple-big-banks-launch-first-interbank-blockchain-group-global-payments/....I never liked Ripple, so I wasn't good informed about it. I just saw how the price shot up and all the talking about the news and decided to buy into XRP even if I didn't like the very high XRP-marketcap of > $250 M. And I was very surprised to find out that there was so much sell-pressure. It seemed as if some whales took the chance to unload their holdings, even if the price was pretty much down in comparison to earlier days. And what I found out is: Nobody really seems to know why XRP even should exist. It seems to be abandoned by the company itself while they still own the majority of the supply and sell it whenever they want. Is there a plan B for XRP?
http://www.xrpchat.com/topic/763-is-there-a-plan-b-for-xrp/Under the line I'm unsure about XRP but what I want to say with that: Lykke has found a much more elegant and fair solution with LKK. And if this project should become successful, and I believe it can be much bigger than Ripple because Lykke has a lot more to offer and a team of experts with connections and it already has a lot to offer - Meanwhile I believe it's cheap while I first believed it's overvalued. |
|
|
|
I was pretty critical, but I have to admit, I'm more and more convinced the more I learn about it: Lykke - decentralized marketplace for all kinds of assets built on the Bitcoin blockchain. What is so interesting about it? 1. They've already delivered, which is very unusual in the Crypto-Space in my opinion. ;-) It's a very well working system. Usually I don't like Smartphone-Apps but I would recommend everyone to try out this one: https://lykke.com/lykkewallet/#1It's very well thought-out and user-friendly. Best is: Fee is 0% and it seems it will stay there. **********************
2. The team: https://lykke.com/leadership.phpThe CEO of Lykke is Richard Olsen, co-founder of Oanda which can be seen more as just an indication for expertise. The more I read about Lykke the more I believe it could become even bigger than Oanda because the plan is obviously to combine the best out of both worlds and they seem to know how to do it. And what I really like is his vision in general. I found a very interesting speech of him: The power of the small world phenomenon | Richard Olsen | TEDxZurich
https://www.youtube.com/watch?v=bKzjwV_N68IBut also the rest of the team is very interesting. Just for example: Lykke cofounder Sergey Ivliev is Named Best Risk Manager in Russia and CISAnd, everybody knows this man: Bitcoin Legend Nick Szabo Joins Lykke Advisory Board **********************
3. The Roadmap: - Margin trading (Q4 2016)
- Regulated retail FX (Q4 2016)
- Offchain settlement scalable to 100’000+ transactions per second (Q4 2016)
- Ethereum support: multisig wallets, interblockchain atomic swaps (Q1 2017)
- Payment system provider (Q2 2017)
- Regulated institutional FX (Q3 2017)
- Fixed income products, commodities (Q3 2017)
- 1 billion USD average daily volume (Q4 2017)
https://bitcointalk.org/index.php?topic=1402110.msg16274789#msg16274789**********************
And a little hint: Because they currently do an ICO with the option to get the money back, it's possible to trade Bitcoin against LKK while LKK is at a fixed price - at least for the next 20 days. With the current Bitcoin-market-situation it may not make much sense and I personally burned my fingers with that a little bit, because I expected Bitcoin to rise and it dropped, but it's a great way to try out their App. Thing is: Nobody needs to buy into the ICO to use it as wallet and even better: As a decentralized exchange. It's rare to find something that is useful for those who just want that and for potential Investors - everybody has to make his own decision. **********************
ICO and market-situation:
For those who think about buying into the ICO: LKK is not really just a coin, it's a share (100 LKK = 1 share) of the company. The valuation is already pretty high, about $66 M, because they had funding rounds prior to the ICO. It seems as if they go step by step into the public. I'm not so sure that LKK will hold it's value after the market takes over. But at the same time it might be possible that it even could shoot up, because they already have delivered what other projects like Waves and Heat just have promised until now. But: The market situation in short-term might be pretty much unpredictable, but especially if it should go down in value after the market takes over it's a buy in my opinion. I'm not sure yet if I will buy into the ICO or hope that I'll get it cheaper right after, but because LKK will be traded on their own exchange the market situation will be different. It's unlikely that those who funded the project in it's very early days will just dump it. And what is also interesting about it: For me it seems as if they still don't hype it while they surely would be able to do that. Nothing indicates a lack of funding to do big marketing or a lack of ability to do so. My first impression was that it's late to buy in but that could be wrong, depending on their marketing-strategy for the next weeks and months and possible media-echo and they already got some, but interesting is: It wasn't much focused on Crypto which might be a reason why Lykke doesn't get much attention yet from us crypto-folks: Richard Olsen of OANDA fame on his new startup Lykke – LeapRate Interview
https://www.leaprate.com/2015/09/richard-olsen-of-oanda-fame-on-his-new-startup-lykke-leaprate-interview/OANDA’s Richard Olsen Launches Lykke Wallet for iOS Devices
http://www.financemagnates.com/cryptocurrency/exchange/oandas-richard-olsen-launches-lykke-wallet-for-ios-devices/Swiss Startup Lykke Seeks To Disrupt The Retail Trading Market With Blockchain Techhttp://fintechnews.ch/blockchain_bitcoin/swiss-startup-lykke-seeks-disrupt-retail-trading-market-blockchain-tech/2060/**********************
My personal conclusion: LKK is something to keep an eye on, and Lykke as decentralized exchange is definitely something that is useful which becomes clear trying out their App. Richard Olsen, co-founder of Oanda, nice, lykke is under my radar now. Thanks a lot. This is a really great video/interview with him where he explains Lykke: The Future Of CurrencyLykke Wallet is the new project from Oanda. Built using Blockchain technology, it could revolutionise currency and how we pay for things, Richard Olsen, CEO and Founder, Lykke. https://www.youtube.com/watch?v=WmZBtKL7ZcMThe first question is about Oanda and what I didn't know is: He left already in 2012 to start Lykke. What I find interesting is: In opposite to most projects we know in Crypto Lykke was planned and designed and developed a long time before they started to make their first steps into the public. I had a lot of questions and also concerns about it and wrote a mail to the core-team. Richard Olsen himself replied and we even talked on phone. He really has a plan for this and there are a lot of things to come. Btw, he allowed me to quote his mail, which can be found here: https://bitcointalk.org/index.php?topic=1402110.msg16332757#msg16332757And kind of funny is: They do not that much marketing until now, but whoever starts to do a little bit more research will find a lot of informations that are more than just little hints. Just for example: This is also something that can give an impression about the potential of this project:  And just btw: Would be good if this Account would get more followers and retweets: https://twitter.com/LykkeCityJust found something interesting: Above can be seen that Richard Olsen was on the IATA-conference. What is IATA? It's the International Air Transport Association https://en.wikipedia.org/wiki/International_Air_Transport_AssociationAnd there is an interesting tweet: IATA shared an inspirational idea at #WFS2016 - IATA digital coin. Lykke is proud to have had a chance to contributehttps://twitter.com/LykkeCity/status/779223316452167680Including this video: IATA Digital Coinhttps://www.youtube.com/watch?v=Kip-uUa6h6oWho published that video? Lykke. What will this Digital Coin be about? In short: To make money-transfer easier, more secure, faster etc. There is also a PDF about the IATA-conference: World Financial Symposium - Supporting Sustained Airline Financial Healthhttps://www.iata.org/events/Documents/wfs16-program.pdfJust two quotes: 17:10 – 17:20
Industry cryptocurrency
See the proof of concept comparing international wire transfers and blockchain payments around the world. Could this technology enable the creation of an industrial currency such as the “IATA Coin”? What would be the advantages and what would be the limits? Can this be the payment of the future?Right after: 17:20 – 17:45
Panel discussion:
FinTech - Impact on the CFO and the finance team
What is the finance department looking like in the future? what is their role, or they still needed, what skills are needed in the new Fintech organization. With the help of Fintech, can we turn the finance department into a profit center focusing on decision support and strategic partnership.
Moderator:
∗ Tim Grosser, Head of Digital Transformation, IATA Panelists:
∗ Gautam Jain, Global Head, Digitisation & Client Access, Transaction Banking, Standard Chartered Bank
∗ Marcel Koppes, VP Airlines & Travel, Adyen
∗ Natasha Lala, Managing Director Solutions for
Business, Oanda
∗ Richard Olsen, Professor, Zurich University and founder of Lykke************ With other words: Connections are already obvious. That's not a guess anymore. Will this IATA-Coin come? Most likely it's already in development or even finished. I doubt that there would be a first PR-video if it's just about an idea. Will that Coin launch on Poloniex or any other crypto-exchange we know? They obviously call it "Industry cryptocurrency". It's safe to say "no". Will it be on Lykke - I believe the chance is high. And that shows a lot of the potential of this project. Crypto won't stay in the Poloniex-world. And Lykke, as a platform that is easy to use, secure and like a bridge between both-worlds could very well be one of a few platforms that already have a foot in the door. All of the above is much more than just a little hint. |
|
|
|
i don't want to read the white paper.
what i understand now is this:
there will be a semi decentralized marketplace. you can buy or sell BTC or something else.
but why do you need lykke coins? do you need them for transaction fees?
please explain the the marketplace in plain english.
POS, POW or what? POS i think.
They created lykke coin for making money investors, so obviously, like every public companies, since they raise money in crypto, they can avoid some legal issues. In other word, it is greedy driven.  LKK --> shares of Lykke. I also had a lot of questions and Richard Olsen explained a lot in a mail. He allowed me to quote him in this thread. So I will do that again, because it can clear up some misconceptions. I'll highlight the lines about LKK (last few lines). Richard Olsen - CEO of Lykke: "The wholle Bitcoin Movement is inspired by the vision to replace human decision making with software algorithms. Algorithms are better, because the cannot be manipulated.
Nick Szabo gave an excellent talk at our Zurich event, where he explained his long-term vision of mapping the subtelty of the legal system that has evolved over thousands of years into software code. Nick highlighted the diffuculty of this task - a good legal system is highly refined and we cannot easily create software code that has all the subtelty of our legal system. The short comings were clearly visible in the DAO event.
I am approaching the issue in the following way:
Lykke follows a really big vision - I want to disrupt financial markets and create a fair playing field accessible for everyone. This is much more than just a matching engine with a user interface and an interface to blockchain - we talk about creating legal entities around the world, complex financial engineering, building a brand, hiring people, all the pushbacks from incumbents that want to make our lives difficult...a long list.
We have to kick off big projects that are essential for the project to fly - I will highlight just two projects: we need to build a open access publication platform for news stories in different channels...a transparent financial market only works in context of independent high quality reporting. Today, the news industry is highly monopolized and starved from independent reporting - I plan to create an open access publication platform, where prizes are available for the best contribution of the past hour, past 6 hours, past 24 hours, past 1 week, past month, past quarter, past year - the prize cascades have a dual function - they reward the author and his editor...it is easy to win an hour prize...more difficult to win a whole cascade. The prizes are good ranking tool of the quality of reports and incentivize the contributors. We plan to create many different news channels. I want to build a truly independent news reporting platform with Economist-like channels, a long list.... To evaluate companies and other assets with all the financial instruments - in depth reporting is essential.
Another big project is a bigdata information system - we live in the world of 'digital data', but there is no global informaiton system with real time forecasts for all the digital data that is being collected. In weather forecasting this is standard - big data models collect the meteorological data and then generate detailed weather forecasts around the world. The same has to happen with all the digital data that society is collecting. I dream of a Wikipedia for big data - the real time information system then feeds the risk management system, which are then used to price financial instruments, etc. Today, there does not exist a big data information system - central bankers continue to rely on ad hoc collected data, excel spread sheets, etc.
Sorry to say - it is just crazy how the financial world today functions. I want to clean up the mess and introduce highest quality standards at all levels. I have a very clear vision of how I can make all this happen...it is an exciting journey, but much more complex than a simple software code that tells us, if this happens, then do this....we are in a hugely multi-dimensional space.
Any investor, who buys Lykke coins runs a big risk - he depends on the judgement of the Lykke team, its core investors, my own capabilities...to increase the likelihood of success I am building Lykke to be extremely fragile - all our software is open source, if people are not happy with what we are doing, they can just copy the code and start a competing company that does better work. There are not sharholder agreements that prevent people from selling...this is good, because anyone can sell when he wants, i.e. voting with his feet...this sends an immediate signal to everyone and forces Lykke to regroup...
In building Lykke I am inspired by biology - I try to implement subtle mechanisms that bring Lykke back into its dynamic equilibrium.
There is another question: strictly speaking the Lykke coins are an entitlement to Lykke shares - they are a digital representation of Lykke shares. To become a full shareholder, the owner has to reveal his name to Lykke - this is a legal requirement from Swiss law. It is more efficient to just deal with colored coins, because then we can take advantage of the full digital efficiency. We will pay dividends, etc. to Lykke coin holders." |
|
|
|
Interesting speculation on reddit: Pretty obvious... Ernst & Young / Factom partnership will be announced in a couple of hourshttps://www.reddit.com/r/factom/comments/5470pa/pretty_obvious_ernst_young_factom_partnership/I'm not so sure, but maybe he has a point, because Ernst & Young really is very interested in Blockchain. And what is also interesting: Host of the "2nd Blockchain Summit" is the Wanxiang Group which is already connected to Factom because of DataYes: About DataYes
DataYes is China’s first open and big data information platform, curating both structured and unstructured data from across the globe covering key economic metrics as well as industry, company, e-commerce, search and social media data. It is a treasure box full of raw materials for artificial intelligence and quantitative investment research. DataYes is China’s leading edge financial technology company founded by a group of experts in the fields of finance and internet technology. It is invested by Wanxiang Group, one of China’s largest non-state-owned conglomerate. DataYes’ headquarter is located in Shanghai Lujiazui Financial and Trade Zone, and has an office in Silicon Valley. For more information on DataYes, visit datayes.com.https://www.factom.com/blog/datayes-factom-announce-collaborationAt least this rumor is enough to get the price a little bit up because there is a lot of talking about it on Polo. ;-) |
|
|
|
This is also something that can give an impression about the potential of this project: And just btw: Would be good if this Account would get more followers and retweets: https://twitter.com/LykkeCityJust found something interesting: Above can be seen that Richard Olsen was on the IATA-conference. What is IATA? It's the International Air Transport Association https://en.wikipedia.org/wiki/International_Air_Transport_AssociationAnd there is an interesting tweet: IATA shared an inspirational idea at #WFS2016 - IATA digital coin. Lykke is proud to have had a chance to contributehttps://twitter.com/LykkeCity/status/779223316452167680Including this video: IATA Digital Coinhttps://www.youtube.com/watch?v=Kip-uUa6h6oWho published that video? Lykke. What will this Digital Coin be about? In short: To make money-transfer easier, more secure, faster etc. There is also a PDF about the IATA-conference: World Financial Symposium - Supporting Sustained Airline Financial Healthhttps://www.iata.org/events/Documents/wfs16-program.pdfJust two quotes: 17:10 – 17:20
Industry cryptocurrency
See the proof of concept comparing international wire transfers and blockchain payments around the world. Could this technology enable the creation of an industrial currency such as the “IATA Coin”? What would be the advantages and what would be the limits? Can this be the payment of the future?Right after: 17:20 – 17:45
Panel discussion:
FinTech - Impact on the CFO and the finance team
What is the finance department looking like in the future? what is their role, or they still needed, what skills are needed in the new Fintech organization. With the help of Fintech, can we turn the finance department into a profit center focusing on decision support and strategic partnership.
Moderator:
∗ Tim Grosser, Head of Digital Transformation, IATA Panelists:
∗ Gautam Jain, Global Head, Digitisation & Client Access, Transaction Banking, Standard Chartered Bank
∗ Marcel Koppes, VP Airlines & Travel, Adyen
∗ Natasha Lala, Managing Director Solutions for
Business, Oanda
∗ Richard Olsen, Professor, Zurich University and founder of Lykke************ With other words: Connections are already obvious. That's not a guess anymore. Will this IATA-Coin come? Most likely it's already in development or even finished. I doubt that there would be a first PR-video if it's just about an idea. Will that Coin launch on Poloniex or any other crypto-exchange we know? They obviously call it "Industry cryptocurrency". It's safe to say "no". Will it be on Lykke - I believe the chance is high. And that shows a lot of the potential of this project. Crypto won't stay in the Poloniex-world. And Lykke, as a platform that is easy to use, secure and like a bridge between both-worlds could very well be one of a few platforms that already have a foot in the door. All of the above is much more than just a little hint. |
|
|
|
hmm. Well when can we trade ant shares?
If nothing changed the main-net will be launched most likely in October or early November. Regarding exchanges:
"there will be both China-based and foreign exchanges, right after the Mainnet Launch (a few days)."https://www.reddit.com/r/Antshares/comments/531fli/when_antshares_will_be_avialable_in_the_market/d7qsdvmI hope for the combination of bigger chinese exchanges, maybe even Huobi (if you look at their team: fordmer Dev's of Huobi involved) and/or some others --> plus Poloniex. If that should happen this won't come close back to it's ICO-price. thats really good to hear, though theres not much activity here, this team of antshares is kinda making me curious in someways, i hope its a good one They are still there and active in the slack-channel: https://antsharesteam.slack.comI don't remember if it needed an invite but it was easy to get if yes. |
|
|
|
Just found a very interesting interview with Richard Olsen: Blockchain Will Absorb the World of Finance: Richard Olsen
OANDA co-founder and Lykke founder talks about the role for margin FX brokers in a blockchain ecosystem and more.http://www.financemagnates.com/cryptocurrency/interview/blockchain-will-absorb-the-world-of-finance-richard-olsen-lykke-interview/The whole interview gives a lot of insights, but especially this parts shows a lot about what this project is and will be about: ****************
Why did you make the move between online forex trading and the blockchain world?
I have always wanted to transform foreign exchange markets into a level playing field, where everyone has equal access and can trade with ultra-thin spreads. I have been looking for a technical solution that could turn the dream into reality. In 2011, I discovered that blockchain technology was ‘the’ answer – so it was only a matter of time to find the right opportunity to launch the initiative.
(...)
So what role will be left for margin FX brokers in this new blockchain world?
The number of instruments and volume traded will explode; there will be three exciting business opportunities: retail traders will look to fx brokers as community and event organizers to gamify trading and to socialize with other traders. FX brokers will increasingly become community builders. This will provide them the opportunity to market third-party investment products and launch their own investment products.
And, about the wallet: How has the market reception for the Lykke wallet on iOS been so far?
We have received a lot of praise for the user-friendliness of our wallet – we know that we are on the right track; I love the thrill of developing a product that has the potential to go viral.****************
What I find so interesting is: My impression is, that there is not just the wish to start a dynamic to get this known but a thought-out concept. Like I've said before, one of my concerns was, that I believed to see a lack of attention and that may be still the case. But since I know that they don't focus on selling out the ICO and obviously did not make big marketing for this like we know it from much other and in fact smaller projects (Lisk did a very good job regarding marketing their ICO - others as well), this ICO really seems to be more like a little first step, while it can be expected that they're able to increase intensity on all fronts. And, what is also different: The usual Roadmap if a project does an ICO is: 1. Announcement - marketing 2. ICO - marketing 3. waiting - sometimes many months 4. Launch - exciting, but still not much to show 5. Development (if a good team) - price and volume very often go down 6. Releases (if a good team) - first time an Investor gets real and fundamental feedback if he bought quality Lykke: They've nearly upturned that process. An already released first Product - now they go into the public and do an ICO. Plus: No waiting after the ICO. Market will take over immediately and it won't be a Crypto-exchange but another proof for their own product, because this will be on their own marketplace. And if we have that in mind and focus again on their roadmap.... Margin trading (Q4 2016) Regulated retail FX (Q4 2016) Offchain settlement scalable to 100’000+ transactions per second (Q4 2016) Ethereum support: multisig wallets, interblockchain atomic swaps (Q1 2017) Payment system provider (Q2 2017) Regulated institutional FX (Q3 2017) Fixed income products, commodities (Q3 2017) 1 billion USD average daily volume (Q4 2017) ....and add, that this won't be just about Crypto but about all assets, including what Richard Olsen already did with Oanda (foreign exchange company), add the possibility that they will do bigger marketing.. That could be a good concept to get user for their exchange. This seems to be just a little first test while they have much bigger goals. They just start in Crypto. |
|
|
|
hmm. Well when can we trade ant shares?
If nothing changed the main-net will be launched most likely in October or early November. Regarding exchanges:
"there will be both China-based and foreign exchanges, right after the Mainnet Launch (a few days)."https://www.reddit.com/r/Antshares/comments/531fli/when_antshares_will_be_avialable_in_the_market/d7qsdvmI hope for the combination of bigger chinese exchanges, maybe even Huobi (if you look at their team: fordmer Dev's of Huobi involved) and/or some others --> plus Poloniex. If that should happen this won't come close back to it's ICO-price. |
|
|
|
Is it mandatory to update personal information passport and utility bill?
Only personal info I gave until now was my name and country if I recall it correctly. At least no passport or something like that. Those informations are most likely needed for FIAT. |
|
|
|
That whale can't be making money dumping like that ? Anyone ? He keeps on doing it for what reasons? Hoping to scare people into dumping ? Or He's making money dumping and shorting, because of other limit/sell orders kicking in ? Economy of scale ? Is it profitable because he's dumping 400 BTC worth and shorting 2x amount at the same time ? Doesn't seem like normal market forces would allow that to be profitable. Reminds me of a joke I once heard. How do you make a small fortune ? Start with a large one ...you will end up with a small one.
If he is a guy who bought 200k FCT in the ICO - he can make profit. But I have no doubt that the price will recover soon. What also could be: He may speculate on the weekend. Over the week it's never safe if the team will release something or not. But now we are near to the weekend and the "risk" that Factom publishes news or releases the M2-public-testnet may be low and that could be seen as opportunity to scare the market to buy lower. But, just public brainstorming. There are multiple other possible scenarios. Not sure we are going to see testnet this month. They are leaving it very late now. Hope i'm wrong. Yes. It's unpredictable. But what I still like in Factom: If we think about the last months they continued to surprise with new partnerships etc. Even boring days are not boring because one never knows if they push something out. ;-) |
|
|
|
That whale can't be making money dumping like that ? Anyone ? He keeps on doing it for what reasons? Hoping to scare people into dumping ? Or He's making money dumping and shorting, because of other limit/sell orders kicking in ? Economy of scale ? Is it profitable because he's dumping 400 BTC worth and shorting 2x amount at the same time ? Doesn't seem like normal market forces would allow that to be profitable. Reminds me of a joke I once heard. How do you make a small fortune ? Start with a large one ...you will end up with a small one.
If he is a guy who bought 200k FCT in the ICO - he can make profit. But I have no doubt that the price will recover soon. What also could be: He may speculate on the weekend. Over the week it's never safe if the team will release something or not. But now we are near to the weekend and the "risk" that Factom publishes news or releases the M2-public-testnet may be low and that could be seen as opportunity to scare the market to buy lower. But, just public brainstorming. There are multiple other possible scenarios. |
|
|
|
The price of the March funding round was 0.015 CHF. So ICO price is 3x higher than the earliest funding rounds, but this also reflects the progress of the company which leads to higher demand. I'll see what we disclose about August round, but ICO price is certainly not 5x from that (price was significantly higher than March price). I'll let the COO answer any other question on Tuesday about this matter.
That(March funding round) was not open to public? Now the token is too expensive. I am still deciding. Well, in other projects, we can see crowdsale is the pre-seed funding. But your ico is post-seed funding, a little difference Exactly that were my initial concerns. But, what is also relevant: 1) Since that time there was a lot of progress. If we imagine a project on Poloniex that started at "level 1" (not much, if anything, to show) at price X, and pushes something out like the Lykke-team did in the last months: The price would have gone x10. It's no exaggeration because I've seen that in Factom. And that is just one example. 2) Usually early Investors are true believers/supporters and not just in for a quick profit. This is no shitcoin that was started with some nice design and nothing more but a pump group behind. What I believe will be the keypoint: Increasing number of users. That's something I thought about a lot since I've learned more about this. And it's never easy to get traction for a new project. But exactly regarding that I expect them to be very good. If we compare: Would a usual person without relation to Crypto make an account on a crypto-exchange? Nearly nobody. It's very complex for the average person. But Lykke makes it easy. And in future it won't be "just" about the App. Since I thought about that I'm pretty much convinced, because Lykke can be an open door and a bridge between the worlds at the same time. And that is pure potential. ************* And btw: There was another concern I had. In relation to it's potential there is a lack of attention in my opinion. But after talking with Richard Olsen it became clear: They've not even started yet. They do this step by step but fast. This ICO is more meant as a first step into the public and I can't say anything about the price after it, because I agree that it may be unpredictable. But: It's also possible that if the number of users increase just because of their abilities to build a great product (and there is already proof that they are able to do that) and if they start a marketing campaign - and I have no doubt that a project like this also has the ability to push that button - it could very well be that this ICO is an opportunity, especially because there is not that much attention right now. In Factom it was the same. Very low attention and those who were invested started to complain and just a little later there were the first big news and the price never came back. |
|
|
|
|
Show Posts
