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

[AncientEnemy]

I still missing the way how I can buy this or if it's worth anything

[tempus]

I still missing the way how I can buy this or if it's worth anything

You can download the Wallet/Trading-App on the HP: https://www.lykke.com

The wallet is pretty much self-explaining but if there should be questions feel free to ask!

Here are also some explaining-videos.

About the value of LKK: They represent shares of the company (100 LKK = 1 share). So it's basically about how you evaluate the value and potential of Lykke to come to a decision if you believe it's a good buy or not. I always suggest to do some research to come to conclusions.

[vipgelsi]

My lykke 1yr coins showed up today  curious how do we initiate the trigger that sets 1yr trigger date in the future?

Another question is there any fees for lykke on bic swift withdrawals to usa banks.

[tempus]

My lykke 1yr coins showed up today  

Nice! I bought through the App so it was there instantly. Good to know that distribution makes good progress.

curious how do we initiate the trigger that sets 1yr trigger date in the future?   

I'm not sure tbh, but what I think: Once all forwards are distributed the market will be opened for trading and most likely there will be a simple button to start the 365y-period, or maybe it will be done with a transaction on a special address in the wallet. Once it starts I'll know more and post an explanation, or maybe there will be a blog-post.

Another question is there any fees for lykke on bic swift withdrawals to usa banks.

I'm glad that this question was also asked on slack because I wouldn't know. ;-)

Answer:

"Lykke is paying all banking fees occurring from the sender's side, thus the client's account is "receiving" the full amount. Please note that fees and charges may occur at the receiver's side, this foreign banking charges are outside of Lykke's control thus these fees and charges are client's own responsibility."

[tempus]

@mtnsaa, because of your question about ETH:

I could really use some ETH pairs right now since most of my recent trading revolve around BTC, ETH, LKK and fiat haha! I know its coming in the future but not sure why they are taking so long since they seem to be quite ETH friendly (they will integrate/anchor LKK to ETH blockchain).

(...)

Sergey said on telegram this morning that Ethereum-integration is postponed because they have to deploy offchain-settlement first.

[mtnsaa]

@mtnsaa, because of your question about ETH:

I could really use some ETH pairs right now since most of my recent trading revolve around BTC, ETH, LKK and fiat haha! I know its coming in the future but not sure why they are taking so long since they seem to be quite ETH friendly (they will integrate/anchor LKK to ETH blockchain).

(...)

Sergey said on telegram this morning that Ethereum-integration is postponed because they have to deploy offchain-settlement first.

Great tempus, thanks for the quick reply, well not sure what that entails but even if it's postponed it's also a confirmation that they are working on it already and it's coming in the next months. Most likely they are focusing on getting the Chronobank integration ready by this week or the next.

[tempus]

@mtnsaa, because of your question about ETH:

I could really use some ETH pairs right now since most of my recent trading revolve around BTC, ETH, LKK and fiat haha! I know its coming in the future but not sure why they are taking so long since they seem to be quite ETH friendly (they will integrate/anchor LKK to ETH blockchain).

(...)

Sergey said on telegram this morning that Ethereum-integration is postponed because they have to deploy offchain-settlement first.

Great tempus, thanks for the quick reply, well not sure what that entails but even if it's postponed it's also a confirmation that they are working on it already and it's coming in the next months. Most likely they are focusing on getting the Chronobank integration ready by this week or the next.

Right, but they are working on multiple fronts at the same time. Technical Development how I understand it currently: Chronobank will be next and very soon. Margin Trading is also pretty much finished and will most likely be released by end of march, BoxOptions is also very far or even finished, but I don't know yet how and when it will be released. Offchain-Settlement is a huge topic of course, and a look into the github (https://github.com/LykkeCity) shows that there are 9 Updates just in the last 24 hours.

Same is going on in all other aspects of Lykke, pushing regulations forward in multiple countries, several NDA's with other companies and negotiations about coming ICO's on Lykke etc.

With other words: I know that it sometimes may seem as if it's quiet, or that releases everybody is waiting for are not pushed out so fast like hoped, but there is so much happening that it's hard to keep track with them. For me it's very impressive to see how much is going on but I have to admit that I don't know and also don't understand all what is done. There are multiple channels for different topics and they give updates in the different channels, but a lot of that is expert-stuff. I would have to ask a lot of questions to really get an overview.

But, good is: Everyone can be assured that there will be results and I believe that Lykke very well could be on #1 in 2017 and of all projects, when it's about the frequency of releases and general progress.

[S3cco]

Lykke: next-generation trading platform @ BitcoinGarden
https://bitcoingarden.org/lykke-next-generation-trading-platform/

[yuLyaS]

Lykke: next-generation trading platform @ BitcoinGarden
https://bitcoingarden.org/lykke-next-generation-trading-platform/

Nice info...

[tempus]

Lykke: next-generation trading platform @ BitcoinGarden
https://bitcoingarden.org/lykke-next-generation-trading-platform/

Great overview! Thanks!

[tempus]

Two new Lykke Streams Contests:





https://streams.lykke.com/Project/ProjectDetails/e0e42f196de14a8ea46cc856be33730b






https://streams.lykke.com/Project/ProjectDetails/b6486ff56604467f9d91727cb00f2c43

[tempus]

@mtnsaa, Richard Olsen just mailed me the reply on your question:

I could really use some ETH pairs right now since most of my recent trading revolve around BTC, ETH, LKK and fiat haha! I know its coming in the future but not sure why they are taking so long since they seem to be quite ETH friendly (they will integrate/anchor LKK to ETH blockchain).

tempus, I have another question that maybe you can ask Richard Olsen since you have a good relationship. Regarding CFDs, companies like eToro offer these and they actually pay dividends if you hold a stock CFD during distribution periods. This means that once you buy Apple CFD, they go and buy the equivalent and transfer the dividends if applicable.

My question is basically if Lykke will actually buy and sell the stock once you buy a CFD or it would be just "virtual/digital"? Sorry for all the doubts but I really starting to envision the real potential Lykke has if they get all licenses and keep improving their platform.

Richard Olsen:

"Thank you for the question - I am glad that this issue is raised. Lykke will rigorously hedge its positions: as soon as Lykke offers for example an Apple CFD and customers can buy Apple shares on our marketplace, we will hedge the customer purchases by orselves buying the equivalent of Apple shares in traditional markets. We will pay dividends - I want to add a technical detail. Discrete one time dividend payments are an artefact of the old paper processes. In future, dividend payments will happen as regular payments similar to interest payments. So Lykke will pay on going dividends and take on the risk that actual dividend payments from the underlying company might turn out to be lower. In achieving his goal hedging is essential:  We are committed to building a robust and solid marketplace that withstands the storms of everyday life."

[mtnsaa]

@mtnsaa, Richard Olsen just mailed me the reply on your question:

I could really use some ETH pairs right now since most of my recent trading revolve around BTC, ETH, LKK and fiat haha! I know its coming in the future but not sure why they are taking so long since they seem to be quite ETH friendly (they will integrate/anchor LKK to ETH blockchain).

tempus, I have another question that maybe you can ask Richard Olsen since you have a good relationship. Regarding CFDs, companies like eToro offer these and they actually pay dividends if you hold a stock CFD during distribution periods. This means that once you buy Apple CFD, they go and buy the equivalent and transfer the dividends if applicable.

My question is basically if Lykke will actually buy and sell the stock once you buy a CFD or it would be just "virtual/digital"? Sorry for all the doubts but I really starting to envision the real potential Lykke has if they get all licenses and keep improving their platform.

Richard Olsen:

"Thank you for the question - I am glad that this issue is raised. Lykke will rigorously hedge its positions: as soon as Lykke offers for example an Apple CFD and customers can buy Apple shares on our marketplace, we will hedge the customer purchases by orselves buying the equivalent of Apple shares in traditional markets. We will pay dividends - I want to add a technical detail. Discrete one time dividend payments are an artefact of the old paper processes. In future, dividend payments will happen as regular payments similar to interest payments. So Lykke will pay on going dividends and take on the risk that actual dividend payments from the underlying company might turn out to be lower. In achieving his goal hedging is essential:  We are committed to building a robust and solid marketplace that withstands the storms of everyday life."

Amazing, this is so exciting, they are definitely keeping the eyes on the prize, while there are many similar projects like Waves or Bitshares, the key here is licenses/regulation, usability and professionalism. If you download Lykke app you can already know the level of quality and attention to detail the team has. On top of that Lykke could disrupt not only FX markets as we mentioned but CFD markets which had exponential growth in recent years.

Keeping in mind what Richard Olsen mentioned, they are basically aiming to provide a more secure and transparent CFD product via the blockchain. Anyone interested on Lykke should do some research on eToro to see the potential here, they recently launched a Ethereum CFD (they've been offering BTC CFD for a while).

[tempus]

@mtnsaa, Richard Olsen just mailed me the reply on your question:

I could really use some ETH pairs right now since most of my recent trading revolve around BTC, ETH, LKK and fiat haha! I know its coming in the future but not sure why they are taking so long since they seem to be quite ETH friendly (they will integrate/anchor LKK to ETH blockchain).

tempus, I have another question that maybe you can ask Richard Olsen since you have a good relationship. Regarding CFDs, companies like eToro offer these and they actually pay dividends if you hold a stock CFD during distribution periods. This means that once you buy Apple CFD, they go and buy the equivalent and transfer the dividends if applicable.

My question is basically if Lykke will actually buy and sell the stock once you buy a CFD or it would be just "virtual/digital"? Sorry for all the doubts but I really starting to envision the real potential Lykke has if they get all licenses and keep improving their platform.

Richard Olsen:

"Thank you for the question - I am glad that this issue is raised. Lykke will rigorously hedge its positions: as soon as Lykke offers for example an Apple CFD and customers can buy Apple shares on our marketplace, we will hedge the customer purchases by orselves buying the equivalent of Apple shares in traditional markets. We will pay dividends - I want to add a technical detail. Discrete one time dividend payments are an artefact of the old paper processes. In future, dividend payments will happen as regular payments similar to interest payments. So Lykke will pay on going dividends and take on the risk that actual dividend payments from the underlying company might turn out to be lower. In achieving his goal hedging is essential:  We are committed to building a robust and solid marketplace that withstands the storms of everyday life."

Amazing, this is so exciting, they are definitely keeping the eyes on the prize, while there are many similar projects like Waves or Bitshares, the key here is licenses/regulation, usability and professionalism. If you download Lykke app you can already know the level of quality and attention to detail the team has. On top of that Lykke could disrupt not only FX markets as we mentioned but CFD markets which had exponential growth in recent years.

Keeping in mind what Richard Olsen mentioned, they are basically aiming to provide a more secure and transparent CFD product via the blockchain. Anyone interested on Lykke should do some research on eToro to see the potential here, they recently launched a Ethereum CFD (they've been offering BTC CFD for a while).

Absolutely! I'm just testing the new App and it's really amazing! Besides some nice little features that make it all even more intuitive, margin trading is really great!

P.S.: First I was in profit, no the picture turned into red  ;-)

Edit: Should add that it's a test-environment - I don't play with my real money yet.

[AncientEnemy]

Any crypto exchange to buy this?

[tempus]

Any crypto exchange to buy this?

Lykke is the exchange. It is planned to get LKK on other exchanges, but until now Lykke is the only platform that offers LKK.

If you want to buy LKK, you can download the Wallet/Trading-App on the HP: https://www.lykke.com

Here are also some explaining-videos.

[AncientEnemy]

Any crypto exchange to buy this?

Lykke is the exchange. It is planned to get LKK on other exchanges, but until now Lykke is the only platform that offers LKK.

If you want to buy LKK, you can download the Wallet/Trading-App on the HP: https://www.lykke.com

Here are also some explaining-videos.

yes thanks, I was looking to buy it on poloniex or bittrex or something bigger

[mtnsaa]

Any crypto exchange to buy this?

Lykke is the exchange. It is planned to get LKK on other exchanges, but until now Lykke is the only platform that offers LKK.

If you want to buy LKK, you can download the Wallet/Trading-App on the HP: https://www.lykke.com

Here are also some explaining-videos.

yes thanks, I was looking to buy it on poloniex or bittrex or something bigger

I'm sure they are planning to list LKK on other exchanges but it won't be easy honestly. As we've been discussing in this thread Lykke aims to disrupt FX, CFD and Crypto Exchanges. It's also a semi-decentralized exchange (all the benefits in security that it has but also making sure it's actually usable you know...).

Either way if Waves and Bitshares are shared there, I'm sure Lykke can do it too. Also why do you want to buy LKK elsewhere? There's 0 fees involved if you download the app...

[tempus]

Some Screenshots of the coming Release:



Very intuitive little features:





Margin Trading:

[mtnsaa]

Some Screenshots of the coming Release:



Very intuitive little features:





Margin Trading:

Those look amazing, I personally can't wait for the web/desktop based platform since most of us are used to trade this way, although I find myself using the app everyday lately trading between LKK, USD and BTC for now. I hope to catch a nice short dip in terms of USD price for LKK if BTC dumps, something below $0.04 would be amazing.

tempus, do you know if these options will be readily available for Android? I noticed the iOS app is a little more developed (could be just my idea though). As they first developed the iOS app I think that's the base for all future updates and then they push all progress to Android.