[ANN] Lykke - Trade Bitcoin, Ethereum, FX and Digital Assets

[tempus]

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?

Nobody forces you to buy! But what is sold now is a 1year-forward-contract. Those who buy now have the advantage to buy below the current marketprice but they can't sell into the LKK market for one year.

Tradeable are (will be) both. You can buy and sell LKK, and after this crowdfunding it will also be possible to trade 1YLKK until the 365-day-period is triggered and that's a free choice.


And please don't use the word "Scam". I have nothing against critique and I'm always open to discuss the hell out of each and any aspect and we can use this thread for some nice fights ;-) , but that word implies hidden and dishonest intention to make money on the back of misleaded Investors while not deliver on promise. And Lykke acts the other way around. They are totally transparent about the financial part, not only the past but also about how and for what they'll use the money in future. And when it's about the development:

https://github.com/LykkeCity --> won't be easy to find another project with such activity and quality on the development front. (Just by the way: They've pushed out an update for the App)

Goal will always be to ensure a win-win-Situation while building a great project and increasing it's value. And of course: Funding is needed until Lykke will make profit - that is in line with shareholders interest. That is true for all startups and in my opinion it's much smarter to do things carefully and step by step and over time in combination with showing real progress, instead of triggering a big hype only with a whitepaper and some nice screenshots to sell as much as possible at once but running out of money after 12 months.

Out of Investor-perspective a decision if to buy or not to buy or to sell if invested, should be based on the own conclusion if this project has potential - if the team will be able to deliver. And what I always suggest is to dig deep. Because the interesting part is: There are a lot of projects that may seem great on first sight while a lot of fascination gets lost once one takes a deeper look into it. With Lykke it's the other way around. My prediction is: For those who do deep research and begin to understand it, the more fascinating and promising it will become - and based on facts.

One also could do it this way: Take a look at the current quality and what they've already achieved. Then take a look at what they want to achieve in future and ask yourself what Lykke could become in months and years if they "just" continue to develop this on all fronts how it was done until now.
 

[bitme]

Is 1-year Lykke contract offered on site  https://forward.lykke.com/ exactly the same as 1yLKK bought through LYKKE app?

[tempus]

Is 1-year Lykke contract offered on site  https://forward.lykke.com/ exactly the same as 1yLKK bought through LYKKE app?

Yes, it's now possible to buy directly over the App and yes, it's the same.

[Alao]

So with HCP are you pretty much buying a tree to be planted? Not really seeing how this is an investment. Seems more like crowd funding to help the environment which is good. I just don't see how the price will go up over time.

[tempus]

So with HCP are you pretty much buying a tree to be planted? Not really seeing how this is an investment. Seems more like crowd funding to help the environment which is good. I just don't see how the price will go up over time.

I have to admit that I don't know that much about it yet. Will have to read more about it first. Lykke will publish a press-release soon as far as I know. What I know is that 1 HCP represents one mangrovian tree. And it's about carbon rights if I understand it correctly. But, like said: There will be a press-release and more information.

If it's an investment to make profit with I don't know - in best case yes. I believe the basic idea is: Lykke will attract a lot of people and money and pretty much 100% will have the intention to use Lykke to make more money. So it can't be wrong to help a project like that to get more attention and also more money. And even if not everybody will invest in it, more people will learn about it. That's already has value - and some will invest without doubt.

[tempus]

In about 1 hour: Lykke co-founder Sergey Ivliev will talk about #lykkeforward and other company news

Live here: https://www.youtube.com/watch?v=2_POa3SfKqU

And please retweet: https://twitter.com/LykkeCity/status/833725750385709056

[bitcoinsay]

Very good application.

[tempus]

In about 1 hour: Lykke co-founder Sergey Ivliev will talk about #lykkeforward and other company news

Live here: https://www.youtube.com/watch?v=2_POa3SfKqU

And please retweet: https://twitter.com/LykkeCity/status/833725750385709056

The interview with Sergey will start in seconds... now.

[tempus]

i want this margin trading feature added so bad

Extra for you I post it again ;-)  ...and it really should be soon!

Coming soon:

[franc0]

can someone tell me how LKK token will be needed for margin leverage?

[tempus]

can someone tell me how LKK token will be needed for margin leverage?

As collateral for example. But I'm not sure if your question is about LKK or the 1Y-forward-token...?

Interesting is what Sergey said on telegram:

"LKK1Y is priced based on the implied 1 year LKK discount rate. This will be used to estimate financing costs when LKK becomes a collateral for margin trading. So it is not just locked up equity, but rather extension of Lykke market to derivatives, attempt to create term structure and launch new instruments"

If I understand that correctly they'll use it to calculate costs, to get infos about how much collateral will be needed once margin trading will be enabled.

[Alao]

Is there a Slack channel for Lykke? Seems like the most traded asset on Lykke is SLR but it's hard to determine buys vs sells. On a side note why is the price of LKK dropping?

[tempus]

Is there a Slack channel for Lykke? Seems like the most traded asset on Lykke is SLR but it's hard to determine buys vs sells. On a side note why is the price of LKK dropping?

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).

[mtnsaa]

Is there a Slack channel for Lykke? Seems like the most traded asset on Lykke is SLR but it's hard to determine buys vs sells. On a side note why is the price of LKK dropping?

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).

Like I mentioned in an earlier message I started to sold BTC to hedge in case of an incoming and also to take some profits. Buying altcoins is not really an alternative since when BTC dumps or pumps, altcoins suffer in terms of fiat, look at Factom for example. Even if BTC dumps it will never regain its fiat price since that money is out of crypto. Selling for fiat directly doesn't really interest me, so purchasing Lykke shares is a great stable shelter. Since I started buying the fiat price hardly moved compared to other altcoins. I understand we could see $4 per LKK share but that for me only means it will be very undervalued.

A company like this can have revenue of up to 50-100 million dollars per year easily just in the upcoming years. A very (VERY) modest 12 million revenue per year basically means $1 in dividends per Lykke share...

[tempus]

Is there a Slack channel for Lykke? Seems like the most traded asset on Lykke is SLR but it's hard to determine buys vs sells. On a side note why is the price of LKK dropping?

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).

Like I mentioned in an earlier message I started to sold BTC to hedge in case of an incoming and also to take some profits. Buying altcoins is not really an alternative since when BTC dumps or pumps, altcoins suffer in terms of fiat, look at Factom for example. Even if BTC dumps it will never regain its fiat price since that money is out of crypto. Selling for fiat directly doesn't really interest me, so purchasing Lykke shares is a great stable shelter. Since I started buying the fiat price hardly moved compared to other altcoins. I understand we could see $4 per LKK share but that for me only means it will be very undervalued.

A company like this can have revenue of up to 50-100 million dollars per year easily just in the upcoming years. A very (VERY) modest 12 million revenue per year basically means $1 in dividends per Lykke share...

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.

[tempus]

For those who have missed the interview yesterday - it was really interesting:


Coininterview with Sergey Ivliev
https://www.youtube.com/watch?v=2_POa3SfKqU


Coininterview also has uploaded a lot of other material. Most or even all is from Perm I guess:

Richard Olsen - Reinvent Capital Markets
https://www.youtube.com/watch?v=GKvnMprVHsM

Presentation Slides: https://drive.google.com/file/d/0B7NI6V-SD0jBNnVONHptU0txM1k/view

Richard Olsen's Second talk at the Perm winter school
https://www.youtube.com/watch?v=1zbP2-nCstU


Perm Winter School Research Session (with Demetrios Zamboglou)
https://www.youtube.com/watch?v=4srEoZG_oN4

Presentation Slides: https://drive.google.com/file/d/0B7NI6V-SD0jBY1pkODdrVFdEa2c/view


And a lot more on: Coininterview: https://www.youtube.com/channel/UCOu5mkF_NczLQzICINvzr9w

[mtnsaa]

Is there a Slack channel for Lykke? Seems like the most traded asset on Lykke is SLR but it's hard to determine buys vs sells. On a side note why is the price of LKK dropping?

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).

Like I mentioned in an earlier message I started to sold BTC to hedge in case of an incoming and also to take some profits. Buying altcoins is not really an alternative since when BTC dumps or pumps, altcoins suffer in terms of fiat, look at Factom for example. Even if BTC dumps it will never regain its fiat price since that money is out of crypto. Selling for fiat directly doesn't really interest me, so purchasing Lykke shares is a great stable shelter. Since I started buying the fiat price hardly moved compared to other altcoins. I understand we could see $4 per LKK share but that for me only means it will be very undervalued.

A company like this can have revenue of up to 50-100 million dollars per year easily just in the upcoming years. A very (VERY) modest 12 million revenue per year basically means $1 in dividends per Lykke share...

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.

I think the problem with Factom is that there are some whales who can move the price up and down during these pnds. There's also not a strong community behind like Ethereum for example since the project is also less ambitious in some ways. I think Lykke price is decoupled from BTC already in a way that it will always fluctuate close to 0.04-0.05 CHF/USD at least for now. I guess it can go lower but the company already have offices, trademark, apps already working perfectly, that is what a company marketcap is worth. In most projects you are buying a token/coin not a share in the company, there's no dividends, no offices, no trademarks so price is much more speculative.

The current Bitcoin rally to me it's nothing more than ETF hype/pump and it will correct to below 1k soon enough. In my opinion there's zero chance the ETF gets approved and it would be a huge surprise if the contrary happens. The price will blow past $1500 and could even touch $2k if that was the case. I'm trying to take profits on every peak since I don't have much faith on the ETF to pass so I'm sure it will eventually dump.

If the ETF gets approved well I'm guessing we all have a long term BTC stash...

[tempus]

Is there a Slack channel for Lykke? Seems like the most traded asset on Lykke is SLR but it's hard to determine buys vs sells. On a side note why is the price of LKK dropping?

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).

Like I mentioned in an earlier message I started to sold BTC to hedge in case of an incoming and also to take some profits. Buying altcoins is not really an alternative since when BTC dumps or pumps, altcoins suffer in terms of fiat, look at Factom for example. Even if BTC dumps it will never regain its fiat price since that money is out of crypto. Selling for fiat directly doesn't really interest me, so purchasing Lykke shares is a great stable shelter. Since I started buying the fiat price hardly moved compared to other altcoins. I understand we could see $4 per LKK share but that for me only means it will be very undervalued.

A company like this can have revenue of up to 50-100 million dollars per year easily just in the upcoming years. A very (VERY) modest 12 million revenue per year basically means $1 in dividends per Lykke share...

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.

I think the problem with Factom is that there are some whales who can move the price up and down during these pnds. There's also not a strong community behind like Ethereum for example since the project is also less ambitious in some ways. I think Lykke price is decoupled from BTC already in a way that it will always fluctuate close to 0.04-0.05 CHF/USD at least for now. I guess it can go lower but the company already have offices, trademark, apps already working perfectly, that is what a company marketcap is worth. In most projects you are buying a token/coin not a share in the company, there's no dividends, no offices, no trademarks so price is much more speculative.

The current Bitcoin rally to me it's nothing more than ETF hype/pump and it will correct to below 1k soon enough. In my opinion there's zero chance the ETF gets approved and it would be a huge surprise if the contrary happens. The price will blow past $1500 and could even touch $2k if that was the case. I'm trying to take profits on every peak since I don't have much faith on the ETF to pass so I'm sure it will eventually dump.

If the ETF gets approved well I'm guessing we all have a long term BTC stash...

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.

[tempus]

Some Lykke Design Insights

[mtnsaa]

Is there a Slack channel for Lykke? Seems like the most traded asset on Lykke is SLR but it's hard to determine buys vs sells. On a side note why is the price of LKK dropping?

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).

Like I mentioned in an earlier message I started to sold BTC to hedge in case of an incoming and also to take some profits. Buying altcoins is not really an alternative since when BTC dumps or pumps, altcoins suffer in terms of fiat, look at Factom for example. Even if BTC dumps it will never regain its fiat price since that money is out of crypto. Selling for fiat directly doesn't really interest me, so purchasing Lykke shares is a great stable shelter. Since I started buying the fiat price hardly moved compared to other altcoins. I understand we could see $4 per LKK share but that for me only means it will be very undervalued.

A company like this can have revenue of up to 50-100 million dollars per year easily just in the upcoming years. A very (VERY) modest 12 million revenue per year basically means $1 in dividends per Lykke share...

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.

I think the problem with Factom is that there are some whales who can move the price up and down during these pnds. There's also not a strong community behind like Ethereum for example since the project is also less ambitious in some ways. I think Lykke price is decoupled from BTC already in a way that it will always fluctuate close to 0.04-0.05 CHF/USD at least for now. I guess it can go lower but the company already have offices, trademark, apps already working perfectly, that is what a company marketcap is worth. In most projects you are buying a token/coin not a share in the company, there's no dividends, no offices, no trademarks so price is much more speculative.

The current Bitcoin rally to me it's nothing more than ETF hype/pump and it will correct to below 1k soon enough. In my opinion there's zero chance the ETF gets approved and it would be a huge surprise if the contrary happens. The price will blow past $1500 and could even touch $2k if that was the case. I'm trying to take profits on every peak since I don't have much faith on the ETF to pass so I'm sure it will eventually dump.

If the ETF gets approved well I'm guessing we all have a long term BTC stash...

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.

Yes actually this is the article that convinced me: http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies

To me there's now way the ETF pass however we must admit that after Trump anything's possible and now that we are on that matter, there are a lot of powerful people around him who are very pro Bitcoin. If it passes well, we all win since I assume most here hold BTC hehe.

Anyway, regarding Lykke future, I've read what they have in store for both the near and long term and it's very exciting, everything they've released so far has been flawless so that's why my recent interested on it. The previous ICO was badly timed (just luck of course) with the huge BTC rally but I know there's plenty of potential here.

I wanted to ask you about CDFs, I know they will be focusing first on FX markets, but CDFs are huge too, do you know if they are planning to implement them this year or in the short term? Being able to buy Apple or Amazon stocks (well not really, CDFs hehe) with "crypto" would be mindblowing and is the reason why we are so excited about this project and others in the current blockchain landscape.