Factom: Yes, that is true. I'm one of the lucky early birds myself and back in 2015 it wasn't too known and compared to today much cheaper to become a whale. And some are so much in profit and have so much that they are able to sell and to keep it down with that. But I also believe that there are some strategic manipulations at least sometimes. The latest decrease might be more a combi of rising BTC and M2-problems. But the community is growing. Much more active (but more on slack now) then 8-12 months back.

LKK-price: Since LKK is traded on Lykke and attracted more long-term-focused people instead of those who try to make a quick buck through waiting for a Polo-pump it's of course more stable. Plus: Lykke uses algotrading that also has some stabilizing effect. And yes, I believe it's unlikely to drop much. At least in mid-term I expect a rising price because there is so much to come that will impress. Traffic and App-downloads are also increasing and I hope for an explosion some time in 2017 ;-)

Bitcoin: I'm really not sure what it is. Of course, the ETF seems to play a major role but the predictions are not positive. That's why I don't understand the current rally. If you look here for example:

The Bitcoin ETF Will Be Rejected According to Prediction Markets
https://www.cryptocoinsnews.com/the-bitcoin-etf-will-be-rejected-according-to-prediction-markets/

But, of course: not facts, just betting.

I also believe that Lykke can become very valuable, maybe even much faster than people seem to expect now - not weeks of course, but over the next 12 months there will be a lot of very obvious progress. And if we think in years --> time should really be on Lykke's side.

Regarding the Alt-Market: I don't find much pattern lately. Over the years there were different dynamics but they've changed pretty fast. And I believe we see a changing market right now and that the uncertainty is a sign for a change. That includes Bitcoin. There is an up-trend but there are also a lot of uncertainties (PBoC and new rules on chinese exchanges), the Winklevoss-ETF turns out as a gamble to bet on, and what I believe is really serious while totally uncertain: "Scaling-War".

Factom: It's hurtful lately ;-) I really don't get it how people can sell it below $3. The M2 rollout is absolutely not like everybody hoped for but there is no doubt that they will handle that and considered it's potential it already could be 100% higher in my opinion, especially if compared to some Top-10 projects.

Yes, there is a slack but it's not a public slack. The telegram-channel is public and also team members are quite active there:
https://telegram.me/joinchat/AEGiqkF-_dNaHMwQbRSnAg

But there are thoughts about setting up a community-slack.

Why the price is dropping: I believe there are two reasons:

1) Some sold LKK to have money to buy into the 1YLKK-forward
2) Bitcoin rise. On Polo it was a bloodbath today about 95% in deeply red (still is, but it looks a little bit better now).

We definitely plan to eventually add all exchanges. We currently have to prioritize based on user demand, so please do let us know if you would like to see an exchange added so we have a better idea what our users want. 

So I've bought months ago during the ICO, now another ico for 20% discount? what's this scam? Why should I buy now lower than months ago with nothing tradable yet?

Why you need lykke or bitshares to connect with banks? Bitcoin is already connected to banks, you can trade bitshares in their exchange (BITusd/BITeur for example), then whatever you traded and profit there exchange it to bitcoin and sell your bitcoins for your national currency in your local or national bitcoin exchange. SO why withdraw USD from lykke exchange if you can withdraw BTC and then you sell your btc in your national bitcoin exchange. Lykke will take days to complete the withdraw to my bank as is a International transfer, while selling my bitcoin in my national exchange will deposit the $ to my bank account the same day.

Cleveland Cavaliers vs Indiana Pacers , i will bet for Cleveland Cavaliers to win .
Orlando Magic vs San Antonio Spurs ,  bet for Under 210.5 points .
Boston Celtics vs Philadelphia 76ers ,i will bet for Boston Celtics to win .
Golden State Warriors vs Sacramento Kings , i will bet for over 110.5 points for Golden State Warriors .

I can't say much about Bitshares because I only know very basic things about the project. Reason is mostly the price itself. I've seen it rising in 2014 when I was pretty new to all this (before I was focused only on Bitcoin) but since that time it seemed only to go down and it's superficial of course but I always assumed a serious reason for the downfall and the lack of adoption.

I really like the DPOS-concept but otherwise I'm not so sure if it's effective or if it's maybe too complex. What I wonder about is: If it would be something like the "best Algo", why is it not used by many others like Ethereum? I know that there are projects with similar design but still not many.

But either way it's different to Lykke. Bitshares is fully decentralized as far as I know. That has advantages of course but also some disadvantages. Lykke has decentralized settlement and a central matching engine to combine the best of both. It ensures direct ownership but also that everything is possible what is possible on high-speed exchanges. And Lykke will be much more professional than Crypto-exchanges as we know them - most likely more like Oanda.

Sorry to say this, but it's looking more and more like smoke and mirrors.  This is getting shadier by the minute, such a large team with several marketing persons and they produced what? It seems most of the team is there just for the number count.

Glad I sold half of my ICN in the last pump. Could be able to rebuy at new ATL soon. If not, I made a nice profit and still got enough to enjoy the next pump, if it comes and when it comes.

To the devs, if you used BCT for gaining attention and lure investors in, it's now the least you could do to post twice monthly update (can be couple of sentences) in the OP.

Nothing there, no activity from ICONOMI account from November, except just before the last rise of price.

If there is something in the OP newer than last year, it's very poorly presented.

Good idea that is loosing ground due to poor execution.

I haven't read a lot about Exodus but I also don't understand why I should put my fct into Exodus. It is a desktop wallet? Why should it be more safe than a professional exchange like polo? Im open for other arguments...

Ive heard a podcast from McAffee and he is saying that ONLY a hard wallet with a OWN display is 100% safe. Everything else can be hacked. I wait until Trezor is adding Factom...

Hi mtnsaa!

Yes, the Bitcoin-rise pushed also LKK a little bit down in between. I even expected Bitcoin to rise but decided not to sell because it never feels safe with all the blocksize-drama-war and China etc. I also didn't sell FCT.

But, to your questions:

Total supply is 1,285,690,000 Lykke Coin = 12,856,900 LKK shares, so it's even a little bit more. Total value is about $63 million.

Will ne Coins/Shares be issued in the future? Theoretically that is possible and back in September or October I've talked with Richard Olsen about that and he explained how it's usually done in companies. But some weeks ago (January) the same question was asked on Telegram and Sergey replied that there are no plans to issue new shares.

Just found the comment on telegram.
Quoting Sergey Ivliev: "there is no plans to increase number of shares of Lykke Corp, hence no "inflation" for Lykke coins"


1) I'm not totally sure why they've chosen the "100 LKK = 1 share - design", but I believe it's to make it also useful as currency including the possibility for micro-transactions. Lykke won't be only about being a trading-platform but will also focus on payment etc. (Debit Card is also planned). And one can think of Lykke-Coins as a useful Crypto-Currency while being backed because it represents ownership.

2) Like said above, the value is even a little bit higher. And that's often somehow controversial and I thought a lot about it myself before I've decided to invest. It's also kind of subjective and about the own strategy, but my view on Lykke is that while they are not loud like some others when it's about marketing, they really push the project forward. And compared with some other projects and teams behind, I believe the value is fair, even more when it's about future potential. If Lykke should be successful, and right now I don't see reasons to believe it won't be, there is not really a limit how it can grow into multiple spaces.



What is interesting, because you've also mentioned Factom: I believe to see some similarities but also very interesting differences. Similar is that both teams really focus on delivery. Both teams move step by step while avoiding "hype-on-promise". But in comparison to Factom, what always will be a "background-system" (but with high potential in my opinion) Lykke has much more potential to be attractive for potentially everybody and a lot of different use cases. I really believe that Lykke can go viral out of itself, maybe already in 2017.


And if we compare Lykke and Ripple for example: XRP, as a currency, is valued at $232,637,449 right now. I've never understood that valuation because even if a decentralized system, the whole project is pretty much centralized. XRP is under the line just a system-currency and unlike to LKK it doesn't represent ownership of the Ripple-Company.

Or if compared with some of the projects with similar goals, like Waves: $25 million marketcap right now. That's much cheaper of course, but Lykke is far ahead and especially the people behind are simply on another level.

And if we compare it to Factom: It's a shame that Factom is not already valued much higher! ;-) But I expect it to fly in 2017.


That's of course my personal view and no investment is ever totally safe or predictable. But in my opinion this is one of a very few pearls in the Blockchain/Crypto-Space while I'm very sure that about 99% will have no real chance. It needs so much expertise in a lot of different areas to get a project on a road to success - I think, that's underrated by a lot of teams and also a majority of Investors. 

Best regards,
tempus

Yes! The company sells shares that already exist - the total supply doesn't increase.

Why price went down?

Big whale wanted to get some btc to invest in Melonport?

I disagree with that. Jokic is having a great season in Denver. He scored 35 (against San Antonio), 30, 29 (2x) points last month. He's carrying his team when Gallinari and Faried is unavailable. When he gets 20+ fg attempts he score much more from paint. His free throw accuracy is also good, you can't hack-a-Jok, and most important he can throw 3 points. I like that type of European shooter Centers. He's only 21 years old, he has a very bright future.