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

[adous]

Lykke is one of the.....

Top 10 Fintech Startups in DACH (Germany, Austria and Switzerland)

(...)

Lykke (Switzerland)

Swiss startup Lykke is building a marketplace that uses blockchain technology to offer immediate settlement and direct ownership.

The company’s mission is to create a single global marketplace where any sort of financial instrument can be traded and settled peer-to-peer with second-by-second interest payments.

Lykke was founded by Richard Olsen, co-founder and former CEO of OANDA, a leading foreign exchange company.


http://fintechnews.ch/fintech/top-fintech-startups-dach-germany-austria-switzerland/9245/

Lykky keeps so low profile, the price is still not pumped yet, it looks like no traders or whales inside this because it is not listed on Bittrex and Poloniex. More exchanges should be better, but legal issues prevent it listing on altcoin exchanges.

I see it more as a pro that Lykke has a focus on real Investors instead of "Wahle-traders" who manipulate the market up to dump it down right after. I don't think that there are legal issues that prevent a listing on other exchanges. Lykke-Coin represents shares, yes. But that's also true for some other projects, like Antshares for example.

I think that the team made a decision until now not to be on other exchanges and I think it's smart to build a base first, especially to not make a pump-and-dump-game out of it.

Or with other words: Best scenario is to get serious and informed Investors in this who are able to understand the project - not only what it is right now but also what it will be about in the future and that this project really has potential for the long run (unlike to some others) and want to participate with their Investment - without being impatient. And many small Investors is better than only a few big ones. Under the line Lykke did it all right in my opinion.

Antshares is not the share of the company, but Lykke is, therefore you won't find Lykke trading on Bittrex and Poloniex. Similar coins are Iconomi and Vslice, they are dividends shared mode, similar to Lykke. Bittrex's rule is denying the dividends shared tokens.

You can ask Olsen I am right or wrong about why Lykky ain't on Bittrex or Poloniex.

ANS represent shares of Antshares as a system, of the ANS-Blockchain:

"The Antshares represent ownership of the Antshares Blockchain and are used for elections, bookkeeping and generating AntCoins as dividends. While on the other hand, the AntCoins are about the right of using the Antshares Blockchain and are used to pay systemic fees."
https://github.com/AntShares/AntShares/wiki/Whitepaper-1.1


And Lykke is not on other exchanges because it was meant to start on the own platform - Lykke is an exchange. But if you look here:

https://trello.com/b/IV0PH2gs/lykke-roadmap

In midterm: "Add LKK to Poloniex/Kraken".

a good plate form is necessary for accomplish any task..

[Geenstijl]

Lykke actually gives you a share of the company. That's worth more than other coins.

[mtnsaa]

Lykke actually gives you a share of the company. That's worth more than other coins.

That's an usual debate, people from different backgrounds sometimes confuse what they are buying. Tokens are basically software licenses to use a platform. That doesn't mean they don't have value, I like to compare it to owning Adobe Creative Cloud licenses before they were adopted by an entire industry. Or Microsoft or any other similar company. If you got your licenses for $1 and now they are selling for $1-2k, you made a killing but it would be even better to own a percentage of the company at those prices, imagine that. Companies are not going away after blockchain technology, they will adapt and incorporate it if they want to survive.

Equity involves many different assets from offices, revenue/dividends, equipment, land but Lykke is only a startup now of course. Not to mention future acquisitions or merges although due to the nature of Lykke that seems improbable (but who knows, we are entering a brave new world of doing things, for some established companies it would make more sense to acquire these new breed of startups).

[Arsenal49]

I just tried to transfer some BTC (0.001) to my LYKKE trading wallet, but they do not appear, and they are not reserved anymore on bittrex. Have you guys experienced the same or? I want to buy some LYKKE. I don't know what is the easiest way, but I thought it would be to transfer some BTC to my LYKKE trading wallet and then buy some LYKKE in the app? Am I wrong, or?

[mtnsaa]

I just tried to transfer some BTC (0.001) to my LYKKE trading wallet, but they do not appear, and they are not reserved anymore on bittrex. Have you guys experienced the same or? I want to buy some LYKKE. I don't know what is the easiest way, but I thought it would be to transfer some BTC to my LYKKE trading wallet and then buy some LYKKE in the app? Am I wrong, or?

Yes should be no problem, but the real issue is BTC slow confirmation times, the network has been congested for some months now and there's no end in sight. Try to follow your TX with a chain explorer to see if there are any confirmations. Lykke only needs 3 I think, if there are more than that and you don't see it credited into your account please contact support.

[Arsenal49]

It worked. I just needed patience

[Arsenal49]

I can see LYKKE has a total supply 1,285,690,000 LKK. How and when will they be released?

[kronos123]

It worked. I just needed patience

Well, happy for you Arsenal
I think I'll do my transaction this weekend or next ... I heard the bitcoin bockchain is more free at the weekend

[doctor-s]

I can see LYKKE has a total supply 1,285,690,000 LKK. How and when will they be released?

My understanding is that a large percentage are held by the original shareholders, some as company capital, and some for intial angel investors. The remainder ~10% of total supply, are free in the market as LKK.

They will not be released unless shareholders choose to sell them. I'm not sure if there are any restrictions on shareholder sales yet.

[mtnsaa]

ETH trading just went live at Lykke exchange



Happy trading!

[doctor-s]

ETH trading just went live at Lykke exchange



Happy trading!

Hell yeah. With bitcoins fee problems this is great. At least now we can transfer value relatively cheaply.

[tempus]

And here comes the official announcement:


Ether Cryptocurrency Now Available on the Lykke Exchange

(...)

As of today, all Lykke users will be able to trade ether against all other tokens and currencies in the Lykke exchange. Lykke’s engineers are now working on tokens. By end of summer, Lykke will be an ERC20-token wallet and will be able to engage with all smart contracts on the Ethereum blockchain.

Ethereum has seen a dramatic rise and acceptance as the base currency for most tokens. With the Bitcoin-based Open-Assets tokens Lykke has offered previously and now the addition of Ethereum-based tokens, Lykke will be able to offer more than 95 percent of all cryptographic tokens on the market. The availability of existing ERC20 tokens and on boarding process for new tokens will be announced by end of summer.

(...)

https://www.lykke.com/company/news/ether

[laotobum]

I am new to crypto but I think with the recent issues of some biggest and most trusted centralized exchanges, Lykke concept will gain the success.

[artkiff]

Using Lykke for a week now, I really recommend it.
The app is well designed and easy to use. The trades are executed really fast in comparison with other platforms though there are not so many currencies yet. Can't wait to see more coming 

[laotobum]

Using Lykke for a week now, I really recommend it.
The app is well designed and easy to use. The trades are executed really fast in comparison with other platforms though there are not so many currencies yet. Can't wait to see more coming 

The only thing I hate of this app is that having to type numbers instead of tapping on a "Use all fund" button when making orders. They really need to add this useful button.

[vlom]

what they need is a new wallet. desktop wallet will make things much easier.

[Xenon91]

Why Likke is not on available on Bittrex ? 

[laotobum]

When is end of summer?

And here comes the official announcement:


Ether Cryptocurrency Now Available on the Lykke Exchange

(...)

As of today, all Lykke users will be able to trade ether against all other tokens and currencies in the Lykke exchange. Lykke’s engineers are now working on tokens. By end of summer, Lykke will be an ERC20-token wallet and will be able to engage with all smart contracts on the Ethereum blockchain.

Ethereum has seen a dramatic rise and acceptance as the base currency for most tokens. With the Bitcoin-based Open-Assets tokens Lykke has offered previously and now the addition of Ethereum-based tokens, Lykke will be able to offer more than 95 percent of all cryptographic tokens on the market. The availability of existing ERC20 tokens and on boarding process for new tokens will be announced by end of summer.

(...)

https://www.lykke.com/company/news/ether

[rafzalan]

hi Lykees.
ex me if i misunderstood something but anyway...
how can "Bitcoin refund transaction" be use in emergency situation?
ref: [refund_transactions](https://www.lykke.com/refund_transactions)
when I install android app the refund address set to my private wallet color coin address while it should be "Bitcoin refund transaction".
and also we need the private key to fill a transaction, how could one find it from seed or any files from app?
thanks

[tempus]

what they need is a new wallet. desktop wallet will make things much easier.

Yes, a web-based-terminal is in the works. I don't know any ETA yet but it will come for sure.