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

[tempus]

Lykke Android Wallet Guide

https://coins.newbium.com/post/2287-lykke-android-wallet

Nice! Thanks!

Since I'm on IOS it's even the first time I see the Android-App!

[animalroam]

Could you explain why here you say.
So ICO price is 3x higher than the earliest funding rounds

First funding round was in July 2015 at not disclosed price for 500k CHF.

Second round of funding was at 0.14 CHF in March 2016.

The 0.004 CHF per LKK was the price in December associated with the competition. Participants of the marketplace competition received LKK at this price and could choose to convert to CHF. It was possible to buy at 0.14 CHF in March, but I think not many chose to do so.

How come the ICO price has went down from 0.14 CHF in March to 0.05 CHF now?

[tempus]

How come the ICO price has went down from 0.14 CHF in March to 0.05 CHF now?

Imagine a scenario on an exchange:

Without doubt Lykke shows a lot of progress. I mean, this is not just the usual "promise-ICO". Their market is already working and they have App's in line that show high quality.

And if LKK would have been on Polo since march I'm sure that the price would have been exploded at one point (or maybe it would have been a more steady rise) - at least after releasing their IOS and Android-App or with some other news or even just hints.

It's not unusual for good projects (sometimes even bad but hyped up projects) to rise 4 times over a couple of months. A lot of projects did. Take a look at XMR for example or Factom (which was pushed down hard today but is about 3 times up since June) and a lot of others as well.


I also was concerned about the price, but more because the market after the ICO won't be like we know it. Lykke will be the market and that may involve some risks but also great chances, because increasing number of users, increasing volume and good news can be expected. And what I already know: They are fast.


Just for example: On September 28 they said that they would push out some updates (regarding backup) for the APP's "during the week". One day later:

Update from Lykke-Developer about the App's:


"The new LykkeWallet app version is now available in AppStore with backup function on the settings page. Password recovery with 12-words seed is also functioning.

Android version with backup function is available in GooglePlay. Recovery function for Android is coming soon."

[bones]

Not sure where you got that price from...

Could you explain why here you say.
So ICO price is 3x higher than the earliest funding rounds

First funding round was in July 2015 at not disclosed price for 500k CHF.

Second round of funding was at 0.14 CHF in March 2016.

The 0.004 CHF per LKK was the price in December associated with the competition. Participants of the marketplace competition received LKK at this price and could choose to convert to CHF. It was possible to buy at 0.14 CHF in March, but I think not many chose to do so.

How come the ICO price has went down from 0.14 CHF in March to 0.05 CHF now?

The price is quoted so many times in this thread at different amounts...  Its like a bad joke.

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.

[LykkeX]

The price is quoted so many times in this thread at different amounts...  Its like a bad joke.

There is a spelling mistake once, which is now corrected. 0.014 CHF was the ask in March 2016. In the first posts and the history and in the publications it is correct. FYI nobody contacted us in December to June for investment via BCT.

Could you explain why here you say.
So ICO price is 3x higher than the earliest funding rounds

First funding round was in July 2015 at not disclosed price for 500k CHF.

Second round of funding was at 0.014 CHF in March 2016 (corrected spelling).

The 0.004 CHF per LKK was the price in December associated with the competition. Participants of the marketplace competition received LKK at this price and could choose to convert to CHF. It was possible to buy at 0.14 CHF in March, but I think not many chose to do so.

[LykkeX]

Could you explain why here you say.
So ICO price is 3x higher than the earliest funding rounds

First funding round was in July 2015 at not disclosed price for 500k CHF.

Second round of funding was at 0.14 CHF in March 2016.

The 0.004 CHF per LKK was the price in December associated with the competition. Participants of the marketplace competition received LKK at this price and could choose to convert to CHF. It was possible to buy at 0.14 CHF in March, but I think not many chose to do so.

How come the ICO price has went down from 0.14 CHF in March to 0.05 CHF now?

This was a spelling mistake. apologies for that. Many have asked the same question and in that answer the statement was incorrect. ICO price is 0.05 CHF, and ask price in March was 0.014 CHF. Price in August was 0.025-0.05 CHF. This refers to LKK price. 100 LKK = 1 share.

To explain the issue more. There exists currently no ColoredCoin exchange. So it was not possible to float the price right from the start. Now that Lykke exists it is possible to trade ColoredCoins. Coinprism allowed Lykke to create LKK and transfer them, but not price them. So to bootstrap everything Lykke relied on smaller transactions. Now that everything is in place LKK can float soon. We're currently implementing the matching algorithms for LKK, which are different from the fiat ColoredCoin matching algorithms.

[LykkeX]

656,959 CHF raised

9 days to go for this campaign.

[Mongwapogi]

I'm the one who design the BitcoinTalk Signature. I hope I can get some Bounty Here . Hehe

https://bitcointalk.org/index.php?topic=1629648.msg16418946#msg16418946

[malmoghetto]

656,959 CHF raised

9 days to go for this campaign.

IMO ico price is too high, 5X is too expensive, now that you set the price for 0.05, next time will be 0.1 or 0.2?

[LykkeX]

656,959 CHF raised

9 days to go for this campaign.

IMO ico price is too high, 5X is too expensive, now that you set the price for 0.05, next time will be 0.1 or 0.2?

5X is not a good measure. Marketcap is 1,285,690,000 * 0.05 = 64 M CHF. The current price is an ask price. The offering price in the future will be related to the market-price. The price will be determined by demand and supply. More information on the matching algorithm will be released soon.

[mrzell]

Is the any Lykke ico@crowdsale bounties?

[LykkeX]

Is the any Lykke ico@crowdsale bounties?

Twitter campaign see https://lykke.com/city/blog/2016-09-13/twitter_contest

[Yohji Yamamoto]

656,959 CHF raised

9 days to go for this campaign.

IMO ico price is too high, 5X is too expensive, now that you set the price for 0.05, next time will be 0.1 or 0.2?

5X is not a good measure. Marketcap is 1,285,690,000 * 0.05 = 64 M CHF. The current price is an ask price. The offering price in the future will be related to the market-price. The price will be determined by demand and supply. More information on the matching algorithm will be released soon.

No the demand of buyers, it is demand of your selling, you can set it to 1 CHF     But only retarded buy that.

[PM.coins]

How long balance of LKK will be credited since BTC has been sent?

[tempus]

How long balance of LKK will be credited since BTC has been sent?

Since it's about transactions on the Bitcoin-Blockchain it can vary.

You can check withdrawals and deposits and incoming transfers under "history" in your App

Or the Block-Explorer: http://blockchainexplorer.lykke.com

[dimox]

when available on exchange?

[tempus]

when available on exchange?

The market will take over right after the ICO - on Lykke.

You can see it here (scroll a little bit down):

https://lykke.com/ico/  - 7 DAYS UNTIL THE END OF THE CAMPAIGN

[LykkeX]

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.

[vlom]

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?

[PM.coins]

What ico price of Lykke - LKK ?