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

[CrypticMira]

I have to say I like the Cheddur app. Great step in the right direction.

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[mtnsaa]

Should undergo SEC authorization procedure. Anybody have a prognosis about this?

Some personal thoughts and updates about it: https://bitcointalk.org/index.php?topic=1402110.msg24398839#msg24398839

Here's also a recent update from Michael Klena (Director of Lykke US):
"In the U.S., we continue the process of numerous applications with the multitude of regulators. Applications are in process with the SEC, CFTC, state regulators, and Fin CEN. We have also finalized our hedge fund applications in the U.S. and the Cayman Islands in order to offer a suite of hedge funds to qualified investors across the globe by the end of October."

[mtnsaa]

Lykke co-founder Sergey Ivliev: “We staged an ICO before the hype”
Rusbase talked to Sergey Ivliev, co-founder of blockchain startup Lykke, about doing business in the land of cheese, chocolate, and the triumphant blockchain

https://www.lykke.com/city/blog/rusbase-interview-sergey

[mtnsaa]

Decentralized Matching Engine Testing on Hashgraph (beta)
Lykke is a dynamic crowd-based movement, and we're always in search of new and progressive ideas! One of the things we've been up to recently is exploring hashgraph technology. We invite you to join us in this research, explore multiple applications of hashgraph, add your comments and participate in our Lykke Streams competition.

Hashgraph is a recently emerged technology that is often said to be able to dethrone blockchain. In a very simplified way, its principle can be explained as a network of computers communicating with each other randomly, in a decentralized way, and incredibly fast. For all operations, such as, let’s say, a money transfer, they create ‘events’ and exchange the information they possess about these and all the previous events within the network. This process is called ‘gossip about gossip’: you not only tell others your news, but you also gossip about what you’ve ‘heard’ from others. This is a very simplistic explanation, obviously, this information is encrypted, and not subject to biased ‘gossiping’, to stick to the same metaphor.

Hashgraph technology stands out for having found a practical application for the Asynchronous Byzantine Fault Tolerance (BFT) protocol, that guarantees absolute security of operations. Consensus about what events have truly taken place is reached almost instantly through cryptographic verification of all the ‘gossip about gossip’ and virtual voting. Mathematics excludes the ‘events’ that don’t correspond to the records of the majority of users, this is how the Asynchronous BFT protocol works. The high speed of transaction verification within a hashgraph allows for a much wider variety of applications than that of blockchain.
 
Lykke Streams Contest: https://streams.lykke.com/Project/ProjectDetails/decentralized-realtime-matching-engine
More Info: https://twitter.com/LykkeCity/status/933651563331178496

[mtnsaa]

Lykke and Melonport offer cash prizes to bring Alpha Engine to Melon protocol
Lykke and Melonport, a fast-rising designer of blockchain software, announced a joint competition to bring Lykke’s Alpha Engine to Melonport’s Melon protocol. Contestants will propose the underlying technology as well as a detailed implementation strategy for making the Alpha Engine Melon-compatible. The winner will receive a cash award of $1500 in addition to full funding for the proposed project. Three runners-up will receive $800 each. “Teaming up with Melon makes perfect sense for us,” said Richard Olsen, Lykke founder and CEO. “One of our guiding principles at Lykke has been to make cryptocurrencies accessible to everyone, from an awareness perspective, a cost perspective, a security perspective, and so on. Take one look at what Melonport has been doing, and it’s clear that they believe the same.”

The contest is running on Lykke Streams, Lykke’s own crowdsourcing platform. Interested participants should review the complete description of the project and register at https://streams.lykke.com/Project/ProjectDetails/launch-of-lykkes-market-maker-on-melon-protocol

More info:
https://www.lykke.com/company/news/melonport-contest

[mtnsaa]

Lykke Visa Debit Card Teaser
In the run-up to Christmas, Lykke has prepared some surprises. One of them is the Lykke Visa debit card, coming out next week! More information will be available soon in the official press-release.

https://twitter.com/lykke/status/934089992686718978

[Karl_Marx]

Lykke Visa Debit Card Teaser
In the run-up to Christmas, Lykke has prepared some surprises. One of them is the Lykke Visa debit card, coming out next week! More information will be available soon in the official press-release.

https://twitter.com/lykke/status/934089992686718978

Ohw, Yes! This is good news. Now we just need the web terminal!

[EMS-007]

This one looks interesting! Can someone elaborate the advantage of this platform as compared to other popular exchanges such as Bittrex?

[mtnsaa]

This one looks interesting! Can someone elaborate the advantage of this platform as compared to other popular exchanges such as Bittrex?

Hey EMS-007, the easy and short answer is that Lykke is a semi-decentralized exchange with direct ownership and instant settlement. This means that Lykke doesn't take possession of your assets (Bitcoin, Ethereum, Colored Coins). Most decentralized exchanges do this too but the user experience is quite subpar, that's why Lykke still need to be trusted with match the trades correctly (and that's why it's not a fully decentralized exchange).

Bittrex on the other hand is a fully centralized exchange, exposed to hacks and other vulnerabilities but also not offering direct ownership of your digital assets. That doesn't mean that it's bad per se, it just serves a different purpose (although currently it does not offer proper fiat gateway, either for deposit or withdrawal).

I suggest to do your own research as here's plenty of information available about Lykke at the official site alone or join our communities at Reddit, Telegram and/or Slack. Its aim is much more ambitious than being just "only" a crypto exchange.

[vipgelsi]

Is there anyway to look at our trading history for lykke app for android. History is not showing maybe it is working for apple phones? I have contacted support and they are working on a fix for android.

[mtnsaa]

Announcing Lykke December 2017 Reddit AMA
The Lykke team is pleased to announce that it will be holding an AMA session on Friday, December 1st at 2PM CET for a duration of one hour. Please start submitting your questions and feel free to upvote/downvote others.

Answering your questions from Lykke team:

• Richard Olsen, Founder and CEO - u/richardbolsen

• Misha Nikulin, Co-founder and CTO - u/MishaLykke

• Igor Rumiantsev, Product Manager - u/IgorLykke

The team will do its best to answer all questions, but in case there’s an overwhelming number of them, most upvoted ones will have priority. If any remain unanswered, Lykke will cover them in a future blog post.

https://www.reddit.com/r/lykke/comments/7fwhyo/announcing_lykke_december_2017_reddit_ama/

[mtnsaa]

Lykke launches trading API for the Lykke Exchange
Lykke, a Swiss FinTech company building a global marketplace on the blockchain, is pleased to announce the beta launch of a full-featured trading API for the Lykke Exchange.

Through the trading API, third-party software can easily interact with Lykke’s trading platform. Applications can conduct trades through the API with much of the same functionality as the Lykke Wallet mobile app. The API supports popular programming languages such as Java, C#, and Python. To transfer the money between the Trading Wallet and the API Wallet a Web interface is available.

More information at https://www.lykke.com/company/news/API-release

[mtnsaa]

Lykke to offer Visa card
Lykke, a Swiss FinTech company building a global marketplace on the blockchain, launches the Lykke Card, a Visa prepaid card that draws directly from the bearer’s Lykke Wallet.

Members of the Lykke community may present their Lykke Card anywhere that Visa is accepted, online or offline, to pay for goods and services ranging from coffee and groceries to airfare and vacation packages. The Lykke Card allows converting the funds in the associated Lykke Wallet to the equivalent amount in the local currency.

“This means exactly what it implies,” said Richard Olsen, Lykke founder and CEO. “Anyone with a Lykke Card can conduct their day-to-day business in LKK, bitcoin, ethereum and other cryptocurrencies, in addition to the fiat currencies that are tradeable on our platform.”

More information at https://www.lykke.com/company/news/lykke-card

[vipgelsi]

Lykke to offer Visa card
Lykke, a Swiss FinTech company building a global marketplace on the blockchain, launches the Lykke Card, a Visa prepaid card that draws directly from the bearer’s Lykke Wallet.

Members of the Lykke community may present their Lykke Card anywhere that Visa is accepted, online or offline, to pay for goods and services ranging from coffee and groceries to airfare and vacation packages. The Lykke Card allows converting the funds in the associated Lykke Wallet to the equivalent amount in the local currency.

“This means exactly what it implies,” said Richard Olsen, Lykke founder and CEO. “Anyone with a Lykke Card can conduct their day-to-day business in LKK, bitcoin, ethereum and other cryptocurrencies, in addition to the fiat currencies that are tradeable on our platform.”

More information at https://www.lykke.com/company/news/lykke-card

Game changer!!!! Great job lykke.

[bribed]

I love Lykke. I use the APP and its so smooth. I am looking forward to more assets getting added and then seeing Lykke taking over the exchange business in 2018! This project definitely needs more attention. People need to become aware of all its benefits!
Great to hear that there will a LykkeCard, does somebody know when it is planned to be released and how to get one of those cards?

[Nyrhalibe]

Lykke and Melonport offer cash prizes to bring Alpha Engine to Melon protocol

Lykke and Melonport, a fast-rising designer of blockchain software, announced a joint competition to bring Lykke’s Alpha Engine to Melonport’s Melon protocol. https://www.lykke.com/company/news/melonport-contest

[NastyaSilvera]

Lykke and Melonport offer cash prizes to bring Alpha Engine to Melon protocol

Lykke and Melonport, a fast-rising designer of blockchain software, announced a joint competition to bring Lykke’s Alpha Engine to Melonport’s Melon protocol. https://www.lykke.com/company/news/melonport-contest

Lykke Card holders enjoy the lowest friction in the industry. Lykke’s proprietary Alpha Engine guarantees the best exchange rates possible, saving you money on every purchase. very good

[vlom]

they really need more money?

LKK2Y is an ERC20-type Ethereum token. The total supply is 25 million, and the starting price is 0.21 to 0.25 CHF, which represents a discount on the price of LKK at approximately 0.32 CHF.

thats a bad deal. i bought my Lykke for 0.05 CHF.

[cryptoonion888]

they really need more money?

LKK2Y is an ERC20-type Ethereum token. The total supply is 25 million, and the starting price is 0.21 to 0.25 CHF, which represents a discount on the price of LKK at approximately 0.32 CHF.

thats a bad deal. i bought my Lykke for 0.05 CHF.

It is a really an small amount of money if you see in perspective... so, why, is it some kind of experiment with ERC tokens? Or you wanna sell 2.5M shares to some especific investor?

[coinriches]

This is some great and ambitious project you got here. The only problem I see in your project is your inability to clearly define where you belong because many possibilities seem to be opening to you as you progress. Which on the long run could circumvent some of your original ideals and ultimately set you at loggerheads with regulatory bodied.
Call yourself to a definite order, develop your trading platform, put your LKK token on more exchanges. And set up another company to look after other emergent (distractions), err.... Sorry, possibilities.