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

[vlom]

What ico price of Lykke - LKK ?

0.05 CHF per coin.
or 0.0008368 BTC.

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[tempus]

What ico price of Lykke - LKK ?

0.05 CHF per coin.
or 0.0008368 BTC.

One 0 more ;-)

It's 0.00008366 BTC right now = 0.05 CHF

[LykkeX]

yes, LKK = 8366 SAT (1 SAT = 1/10^9 BTC). Note that 100 LKK = 1 Lykke share.

[dimox]

yes, LKK = 8366 SAT (1 SAT = 1/10^9 BTC). Note that 100 LKK = 1 Lykke share.

how about rate lykke after ico end?

[LykkeX]

yes, LKK = 8366 SAT (1 SAT = 1/10^9 BTC). Note that 100 LKK = 1 Lykke share.

how about rate lykke after ico end?

LKK price will be determined by buyers and sellers. Lykke has a matching algorithm which determines the price based on the input of buy and sell quantities. Eventually this algorithm will be published. Very roughly: if a lot of buyers come in the price goes up, if a lot of sellers come in the price goes down. The price maximizes the volume cleared and determined by the algorithm.  More news on this soon. Some scientific publications by the founders can be found here:

https://arxiv.org/pdf/1211.6667.pdf
https://lykke.com/city/_media/golubdupuisolsen.pdf
https://books.google.co.uk/books/about/An_Introduction_to_High_Frequency_Financ.html?id=dobO95EBcqsC

[rapazev]

hi!
interesting project, but.. not windows/linux wallet? i've only seen mobile. I dont trust my cell phone

[beyinsi]

This project needs some bounty on bitcointalk.org. Make ads..

[tempus]

yes, LKK = 8366 SAT (1 SAT = 1/10^9 BTC). Note that 100 LKK = 1 Lykke share.

how about rate lykke after ico end?

I thought a lot about exactly question and I can't be sure to be right, but what I expect is this:

Compared with the usual launch on Poloniex for example, I don't expect the price to be that volatile right after launch, but more a smooth transition from fixed ICO-price to free market. If we think about the risk that early Investors could sell - that was one of my initial concerns, but I doubt it now after I've learned more about this. Early Investors are usually strong supporters and that is most likely even more true for this project.

The key-point will be user-growth. And that is the aspect I'm generally very optimistic. Until now Lykke doesn't get that much attention, but until now they also didn't make much marketing but they've build a stable base for it on all fronts. In the opposite to other projects, the fundamentals are already there. Plus they have access to the established financial system, Lykke can be like a bridge between the worlds.

And: Since absolutely everything (and in all areas) is about security and user-friendliness, Lykke is superior to all other Blockchain-projects I know so far. And that will get attention and that is what I expect: Increasing number of users and at one point that could even explode. This is the first project I even believe it could go viral.

[tempus]

hi!
interesting project, but.. not windows/linux wallet? i've only seen mobile. I dont trust my cell phone

It will come:

when will there be a wallet for non mobile devices?

if this questions has already been answered then please tell me.

thank you.

Yes: Q3-Q4 2016, work is ongoing. We are calling this ColorEx:

https://github.com/LykkeCity/ColorEx

[tempus]

This project needs some bounty on bitcointalk.org. Make ads..

There already is a signature campaign:


"Lykke- Signature & Avatar Campaign [2 SLOTS LEFT]"
https://bitcointalk.org/index.php?topic=1633482.0;topicseen



...and a Twitter-campaign:


"Lykke- Weekly Twitter Campaign [WEEK #2- 16 Open Slots]"
https://bitcointalk.org/index.php?topic=1627853.0;topicseen

[luzamarino]

Looking at current sales are we on track to hit the desired target of 1.5M Ch ?
If not will you have enough funding to complete the project and also pay for a strong marketing campaign ?

[TraderBill]

$1 billion average daily trading volume by Q4 2017 would be a pretty big achievement

[tempus]

Looking at current sales are we on track to hit the desired target of 1.5M Ch ?
If not will you have enough funding to complete the project and also pay for a strong marketing campaign ?

Important to understand is: Lykke is really different to other projects and this ICO is not necessarily just for the money, but more a first step into the public. Other projects do an ICO to have a chance to get their whitepaper into code while Lykke already has delivered a lot if you look here:

https://lykke.com/lykkewallet/
https://lykke.com/technology.php

It already is a "working product" and they are well funded. What they need is more attention, but also in terms of that they don't necessarily follow typical Crypto-marketing-strategies but more a step-by-step-strategy with improvements and increasing intensity over time.

With other words: I personally don't expect until now that the ICO will be sold out. It is possible that it will increase in the last few days, but it seems unsure. But, like said: It's not needed. The market will overtake and progress will continue if you look on their roadmap:

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)


What also will be delivered is what I've quoted above: Non-mobile-access (I don't know how exactly it will be - but most likely "typical" browser access to their platform).

[Johnny00]

Has anyone tried buying lykke with credit card or deposit money to buy bitcoins?

[tempus]

when available on exchange?

Lykke Coins trade on Lykke exchange. If you want to wait after ICO then you can already install app today and test things out. Matching algorithm will determine the price right after ICO ends, on 12th of October.

so there won't be an other exchange for LKK? you really want do to all the coin trading only on your exchange? if yes, why? if no, why?

One of the Dev's just said on slack that other exchanges of course could add LKK but that they most likely would need significant amount of LKK to start trading. The team will focus on the development of the marketplace and that it's natural that LKK will trade on Lykke Exchange first to have consolidated liquidity.


*******
My personal view is, or what I expect: I believe that LKK will also be added on other exchanges in future, because I really believe in the potential of this project and at least some other exchanges will list everything that is A) promising (volume) and B) legit. But since Lykke is an exchange, and it's a working product, it wouldn't be that logical to ask other exchanges to add their shares.

[tempus]

Has anyone tried buying lykke with credit card or deposit money to buy bitcoins?

There was a conversation about it on telegram (open to join for everyone): https://telegram.me/joinchat/AEGiqkF-_dNaHMwQbRSnAg  

I bought with Bitcoin, so I can't say anything about it right now.


Btw, it makes sense to join that channel. Some of the core-team-members (also Richard Olsen) are sometimes active there and share some news or answer questions, for example:

"Ethereum was initially scheduled for Q1 2017, but it is likely that we start and finish earlier"

[tempus]

I've just found this on Twitter:


LIVE October 7 @12 PM EST: Richard Olsen, CEO at lykke

Richard Olsen
Founder, CEO  lykke

Richard is a pioneer in high frequency finance with extensive entrepreneurial experience and well known for his academic work. He was a co-founder of OANDA, a currency information company and market maker in foreign exchange. Under Richard’s stewardship as CEO of OANDA the company was a shooting star that launched the first fully automated FX trading platform offering second-by-second interest rate payments and netted 37 Mio of profits in 2007. Already at OANDA, he conceived the first trading platform with second-by-second interest payments. He is chief executive of Olsen Ltd, an investment manager, and visiting professor at the Centre for Computational Finance and Economic Agents at the University of Essex. His ambition is to transform financial markets into a seamless system without the inefficiencies that we today take for granted.

(...)

He will be live on October 7th starting at 12:00 pm EST for one hour during which he will answer as many questions as possible. Leave your questions below.

http://blockgeeks.com/ama/live-october-7-12-pm-est-richard-olsen-ceo-at-lykke/?utm_content=buffer129f9&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer

[Johnny00]

Just playing around with the wallet and I can buy 50% of lykke for 55000 bitcoins. This equals to 66 million valuation. That is very large valuation for lykke.

[Johnny00]

Also what happens if all the coins aren't sold?

[user_fred]

Has anyone tried buying lykke with credit card or deposit money to buy bitcoins?

Yes,i did, with a credit card , you 'll get a USD Credit Voucher by SMS that you have to use on lykke , then convert your USD to LKK to participate the ICO. Easy