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

[mtnsaa]

Is there a reason why I can't buy lkk2y? I can buy lkk1y and lkk, but for the 2y it always says that I my wallet is empty, which isn't true.

Hi, did you check the pair? LKK2Y is only available on CHF, do you have CHF available in your wallet? Any limit orders open?

[maidenvoyage]

i like lykke. I believe on this project.

All these new referenced tokens will put lykke in the category of key players. However, I do not understand why the price of LKK is falling despite all this good news.

It's incomprehensible 

I would guess, that the owners, which hold large amounts of LKK, five time the circulation are dropping some on the market.

[maidenvoyage]

Dear community, big changes are coming, Lykke is entering a consolidation phase. We are processing all our learnings and start investing in scaling and strengthening our unique positioning and potential. A transition period towards Lykke 2.0 has started.

https://www.lykke.com/company/news/lykke-20-transition

THis announcement sounds like the program for some esoteric church. Do you sell the stuff that you smoke before issuing something like this?

[maidenvoyage]

Question,
So I have 45.928,48 LKK.

but when I go onto
https://www.coinprism.info/asset/AXkedGbAH1XGDpAypVzA5eyjegX4FaCnvM/owners

there is no holder with this value.
The list jumps from 45.837 to 46051 LKK.
anViPZ7Boo9JsitRefTLrguZtguiFjV2DMf   0%   46,051.99 Lykke
anLQCoaBQPhDCVbWz4Kd6XFgegnPCNYtfgK   0%   45,837.27 Lykke

What do I not get? 

[theworld999]

I'd rather trust a swiss based fully compliant exchange with available suppirt than some far east entity with who knows backing it where a support ticket takes a month.

[mtnsaa]

Important Update
Lykke has started a progressive roll-out of $LTC trading for its users. The feature will be further developed in the coming weeks.

https://twitter.com/lykke/status/963784092478304261

[mtnsaa]

Populous (PPT) added to Lykke Exchange
PPT has been listed on Lykke Exchange. Populous is a global invoice trading platform built on DLT. It connects businesses with global invoice buyers directly. Lykke is a Swiss-based exchange and wallet with 0% trading fees

https://twitter.com/lykke/status/963691918491377664

[mtnsaa]

Question,
So I have 45.928,48 LKK.

but when I go onto
https://www.coinprism.info/asset/AXkedGbAH1XGDpAypVzA5eyjegX4FaCnvM/owners

there is no holder with this value.
The list jumps from 45.837 to 46051 LKK.
anViPZ7Boo9JsitRefTLrguZtguiFjV2DMf   0%   46,051.99 Lykke
anLQCoaBQPhDCVbWz4Kd6XFgegnPCNYtfgK   0%   45,837.27 Lykke

What do I not get? 

Hi, after off-chain settlement was introduced last year the changes since then are not reflected for trading wallets for example, even more so after Lykke migrated to a centralized model. Deposits, Withdrawals, Private Wallets and similar transactions are still settled there though.

[mtnsaa]

I'd rather trust a swiss based fully compliant exchange with available suppirt than some far east entity with who knows backing it where a support ticket takes a month.

Glad to hear that, Lykke will continue its effort to be fully compliant on all fronts as the first day it opened for business (this creates some barriers in many cases that some competition can jump across to gain market faster). At the moment the focus will be on improving user experience on all fronts and to provide the level of quality expected from a Swiss company.

An interesting read about customer support was just published at Lykke's blog A friend in need is a friend indeed: how to make Lykke support team your best friend

[maidenvoyage]

Hi, after off-chain settlement was introduced last year the changes since then are not reflected for trading wallets for example, even more so after Lykke migrated to a centralized model. Deposits, Withdrawals, Private Wallets and similar transactions are still settled there though.

Hi Mtnsaa,
thanks for your explanation. However, can I read about this move to the centralized model?
So my LKK tokens are no longer BTC colored coins? They exist only on your servers in a type of blockchain there?

Also. If I want to divest. So I sell my LKK and get CHF or USD. Then.. HOW? do I transfer into a normal Bank account. I do not find this in the app or on the site.
Sorry that I bring that up in this thread.. but I did not find another forum to post questions..
M

[mtnsaa]

Hi, after off-chain settlement was introduced last year the changes since then are not reflected for trading wallets for example, even more so after Lykke migrated to a centralized model. Deposits, Withdrawals, Private Wallets and similar transactions are still settled there though.

Hi Mtnsaa,
thanks for your explanation. However, can I read about this move to the centralized model?
So my LKK tokens are no longer BTC colored coins? They exist only on your servers in a type of blockchain there?

Also. If I want to divest. So I sell my LKK and get CHF or USD. Then.. HOW? do I transfer into a normal Bank account. I do not find this in the app or on the site.
Sorry that I bring that up in this thread.. but I did not find another forum to post questions..
M

Hi maidenvoyage, sure, you can read more at the following links:

https://www.lykke.com/company/news/Lykke-Changes-Operational-Mode
https://www.lykke.com/city/blog/geeky-lykke-7 (technical!)

Colored coins still exists of course, the difference is the trading wallets (before they were decentralized (with a multisignature implementation where both the user and the exchange held one key and a refund address in case of a hack). Now they are managed by Lykke just like other centralized exchange. However private wallets provided by Lykke are still available and in fact you can still use CoinPrism if you prefer an external solution. However colored coins will be abandoned soon AFAIK, I can't confirm anything since I actually don't have more information about the subject but I can speculate that LKK would become an ERC20 token in the Ethereum network (actually LKK2Y recent forward contract is in fact an ERC20 token). Two years ago, Bitcoin was (still is for many) the most secured platform so colored coins made more sense but it's not the case anymore.

You can certainly sell your LKK for CHF and USD at any time inside the app/exchange, tap on the asset and select "Trade" or just tap on the bottom right button to access all available pairs. Just the same you can deposit or withdraw, in the case of CHF/USD, available option would be SWIFT transfer more likely to your local bank.

You can join either Reddit or Telegram channels where there is more activity! Don't hesitate to ask any other questions.

[maidenvoyage]

Hi, after off-chain settlement was introduced last year the changes since then are not reflected for trading wallets for example, even more so after Lykke migrated to a centralized model. Deposits, Withdrawals, Private Wallets and similar transactions are still settled there though.

Hi Mtnsaa,
thanks for your explanation. However, can I read about this move to the centralized model?
So my LKK tokens are no longer BTC colored coins? They exist only on your servers in a type of blockchain there?

Also. If I want to divest. So I sell my LKK and get CHF or USD. Then.. HOW? do I transfer into a normal Bank account. I do not find this in the app or on the site.
Sorry that I bring that up in this thread.. but I did not find another forum to post questions..
M

Hi maidenvoyage, sure, you can read more at the following links:

https://www.lykke.com/company/news/Lykke-Changes-Operational-Mode
https://www.lykke.com/city/blog/geeky-lykke-7 (technical!)

Colored coins still exists of course, the difference is the trading wallets (before they were decentralized (with a multisignature implementation where both the user and the exchange held one key and a refund address in case of a hack). Now they are managed by Lykke just like other centralized exchange. However private wallets provided by Lykke are still available and in fact you can still use CoinPrism if you prefer an external solution. However colored coins will be abandoned soon AFAIK, I can't confirm anything since I actually don't have more information about the subject but I can speculate that LKK would become an ERC20 token in the Ethereum network (actually LKK2Y recent forward contract is in fact an ERC20 token). Two years ago, Bitcoin was (still is for many) the most secured platform so colored coins made more sense but it's not the case anymore.

You can certainly sell your LKK for CHF and USD at any time inside the app/exchange, tap on the asset and select "Trade" or just tap on the bottom right button to access all available pairs. Just the same you can deposit or withdraw, in the case of CHF/USD, available option would be SWIFT transfer more likely to your local bank.

You can join either Reddit or Telegram channels where there is more activity! Don't hesitate to ask any other questions.

Hey mtnsaa,
Thank you for the excellent reply.

CoinPrism will close by March. It is beyond my understanding if that influences the colored coins created there.. I presume not.

How fickle the crypto world is. I thought that you could send something to cold storage or write into a colored coin and say 5-10 years after it would still be valid. But it seems you most likely will have your money on an abandoned blockchain without a protocol. :-(

I just found the buttons for SWIFT incoming and outgoing .. TXS

[mtnsaa]

Hi, after off-chain settlement was introduced last year the changes since then are not reflected for trading wallets for example, even more so after Lykke migrated to a centralized model. Deposits, Withdrawals, Private Wallets and similar transactions are still settled there though.

Hi Mtnsaa,
thanks for your explanation. However, can I read about this move to the centralized model?
So my LKK tokens are no longer BTC colored coins? They exist only on your servers in a type of blockchain there?

Also. If I want to divest. So I sell my LKK and get CHF or USD. Then.. HOW? do I transfer into a normal Bank account. I do not find this in the app or on the site.
Sorry that I bring that up in this thread.. but I did not find another forum to post questions..
M

Hi maidenvoyage, sure, you can read more at the following links:

https://www.lykke.com/company/news/Lykke-Changes-Operational-Mode
https://www.lykke.com/city/blog/geeky-lykke-7 (technical!)

Colored coins still exists of course, the difference is the trading wallets (before they were decentralized (with a multisignature implementation where both the user and the exchange held one key and a refund address in case of a hack). Now they are managed by Lykke just like other centralized exchange. However private wallets provided by Lykke are still available and in fact you can still use CoinPrism if you prefer an external solution. However colored coins will be abandoned soon AFAIK, I can't confirm anything since I actually don't have more information about the subject but I can speculate that LKK would become an ERC20 token in the Ethereum network (actually LKK2Y recent forward contract is in fact an ERC20 token). Two years ago, Bitcoin was (still is for many) the most secured platform so colored coins made more sense but it's not the case anymore.

You can certainly sell your LKK for CHF and USD at any time inside the app/exchange, tap on the asset and select "Trade" or just tap on the bottom right button to access all available pairs. Just the same you can deposit or withdraw, in the case of CHF/USD, available option would be SWIFT transfer more likely to your local bank.

You can join either Reddit or Telegram channels where there is more activity! Don't hesitate to ask any other questions.

Hey mtnsaa,
I do not find this button to do a swift? And in the reverse.. If I want to send fiat money from my bank to LYKKE. Does that work?
CoinPrism will close by March. It is beyond my understanding if that influences the colored coins created there.. I presume not.

How fickle the crypto world is. I thought that you could send something to cold storage or write into a colored coin and say 5-10 years after it would still be valid. But it seems you most likely will have your money on an abandoned blockchain without a protocol. :-(

Yes in fact that's another discussion on how sidechains and third party services are not reliable moving forward, this and other differences was why Vitalik Buterin and other started Ethereum but let's not get into a deep debate on who's right (since both approaches have positive and negative sides).

I'm not sure if you already downloaded the app (which is the exchange) and registered already. If so, then you should see a list of assets, after tapping on one you'll see a "Payment & Transfers" button with all options available for it. You can PM me or contact me at either Telegram or Reddit (I have the same username) and I'll gladly try to help you further!

[mtnsaa]

Geeky.Lykke[8]: Performance Improvement, Web Terminal
During this week, we continued the performance improvement. We want to create a product that is meaningful to the user. Our development team is in constant search of the state of the art solutions and optimal ergonomics and pay special attention to the demanded usability and unprecedented security standard. Much has already been implemented and much remains to be done.

https://www.lykke.com/city/blog/Geeky-Lykke-8

[theworld999]

how I'm supposed to place matching sell limit order to match buying order of 1.09 LKK at 0.14357?

[Delphinus]

Geeky.Lykke[8]: Performance Improvement, Web Terminal
During this week, we continued the performance improvement. We want to create a product that is meaningful to the user. Our development team is in constant search of the state of the art solutions and optimal ergonomics and pay special attention to the demanded usability and unprecedented security standard. Much has already been implemented and much remains to be done.

https://www.lykke.com/city/blog/Geeky-Lykke-8

Really looking forward to this one! 

[mtnsaa]

Restart Energy Democracy (MWAT), Request Network (REQ) and Enigma Project (ENG) added to Lykke Exchange

#Lykke has listed @RestartEnergyio's RED $MWAT token. It gives access to the RED Platform, a #blockchain based decentralized #energytrading platform that makes it possible for #energy consumers and producers to send and receive energy worldwide https://restartenergy.io
https://twitter.com/lykke/status/964076531755732992

#CryptoNews Swiss-based #LykkeX has listed $REQ. @RequestNetwork is a #decentralized network built on top of #Ethereum, which allows anyone, anywhere to request a payment. #Trading on the LykkeX is with 0% fee.
https://twitter.com/lykke/status/964415016949620736

We have added $ENG #token to the #LykkeX with 0%trading fees. The @EnigmaMPC created by a team of #MIT graduates is a second-layer, off-chain network that aims to solve scalability and privacy problems for #blockchains. https://enigma.co
https://twitter.com/lykke/status/964422884633452546

[theworld999]

At least volume of lkk is so low it shouldn’t drop more but it seems to be dropping even with little or no volume

[mtnsaa]

Listing weekly summary, 10-16 February
The list of tokens tradable on the Lykke Exchange continues to expand. This week we have added ten new tokens:

• HelloGold (HGT)
• Playkey (PKT)
• Selfkey (KEY)
• Loopring (LRC)
• Everex (EVX)
• Canya (CAN)
• Populous (PPT)
• Restart Energy (MWAT)
• Request Network (REQ)
• Enigma (ENG)

All new tokens are tradable in pairs with BTC and ETH. You can see the full list of tradable tokens on Tokens and coins page.

https://www.lykke.com/company/news/listing-week-7

[theworld999]

How come there are no plans to add Nem? I can‘t find any competition on Lykke Streams.