Lykke raises 1M$ through ColoredCoins

[LykkeX]

Lykke has achieved a milestone: raising 561,000 USD through ColoredCoins. To our knowledge this is one of the biggest ColoredCoin based fund raising campaigns in Cryptocurrency history. The funding event will be ongoing for another 19 days.

https://lykke.com/city/blog/2016-09-23/lykke_doubles_number_of_shareholders

Some of Lykke's compelling points:

* founder with long experience in innovation and strong vision
* growing open and worldwide movement of experts in financial markets. knowledge and code is shared.
* plan for scaling blockchain to power the economic system
* strong venture backing (one of the biggest exchange companies in the world as a backer)
* working exchange application (see whitepaper for the semi-decentral approach)
* Nick Szabo has given Lykke the honour of joining the advisory board

Edit:
ICO Stat: 1,138,075 CHF raised

[ICOcountdown.com]

Congrats Lykke, it's definately a very cool project!

[LykkeX]

Lykke is backed by the German equivalent of Nasdaq. Deutsche Boerse in Germany, a 14 billion$ marketcap exchange company has invested in Lykke.

Lykke is an ambitious project and we are looking to raise awareness, not only for our funding, but to increase our reach and community.

Open Telegram chat: https://t.co/TmjMYnQD7T

BTT thread: https://bitcointalk.org/index.php?topic=1402110.0

[PentagonPinnacle]

Hi,

Do you have a running total of how many lykke have been sold since this particular ICO started ?

By the way the credit card option to buy Lykke is not working ....

P

[LykkeX]

11,386,580 coins, see https://lykke.com/ico/#invest

[PentagonPinnacle]

Thanks I finally got credit vouchers to work,  i bought 1ok lykke.

[LykkeX]

We're looking to increase our reach to fulfill the current funding goal. If you have ideas please post them here.

[FruitBucket]

I just checked out the app. It shows you how many lykke coins corresponds to which share in the company. According to this the valuation is 100.000 BTC which in my opinion is too high compared to other crypto-currencies. Especially because it is still in an early stage.

[LykkeX]

I just checked out the app. It shows you how many lykke coins corresponds to which share in the company. According to this the valuation is 100.000 BTC which in my opinion is too high compared to other crypto-currencies. Especially because it is still in an early stage.

Is Ripple or Ethereum early stage? Ethereum is valued at 1B$ and its arguable alpha software (I think they would admit that themselves). Since Lykke is building on Bitcoin/Ethereum, we have the advantage of relying on that blockchain and focus on other things rather than underlying blockchain algorithms. A similar venture got headline in the biggest financial newspaper in the world a few weeks ago just for announcement together with UBS - no product, no whitepaper. Obviously we're biased, but we think the 55M$ is a good valuation to buy at, before this goes into the major public. But we're more focused on product than marketing, so it might take 3-6 months before major outlets notice.

Edit: after discussion.

[spartak_t]

No other coin has such strong venture backing by equivalent of Nasdaq (actually Deutsche Boerse is a bigger company than Nasdaq with 15 billion $ marketcap). But we're more focused on product than marketing, so it might take 3-6 months before major outlets notice.

Do you realize how ridiculous this sounds? Market cap of NASDAQ is close to $7 TRILLION.........

[LykkeX]

No other coin has such strong venture backing by equivalent of Nasdaq (actually Deutsche Boerse is a bigger company than Nasdaq with 15 billion $ marketcap). But we're more focused on product than marketing, so it might take 3-6 months before major outlets notice.

Do you realize how ridiculous this sounds? Market cap of NASDAQ is close to $7 TRILLION.........

No, Nasdaq is valued at 12B$ - http://finance.yahoo.com/quote/NDAQ?ltr=1

Deutsche Börse ist valued at 13.6B$ - http://finance.yahoo.com/quote/DB1.F/?p=DB1.F

DB is a more valuable company than Nasdaq. DB is an investor into Lykke coins/shares via 360T subsidiary. Its just that many outside Europe often have not heard of the company, where as Nasdaq is more well known.

[spartak_t]

No other coin has such strong venture backing by equivalent of Nasdaq (actually Deutsche Boerse is a bigger company than Nasdaq with 15 billion $ marketcap). But we're more focused on product than marketing, so it might take 3-6 months before major outlets notice.

Do you realize how ridiculous this sounds? Market cap of NASDAQ is close to $7 TRILLION.........

No, Nasdaq is valued at 12B$ - http://finance.yahoo.com/quote/NDAQ?ltr=1

Deutsche Börse ist valued at 13.6B$ - http://finance.yahoo.com/quote/DB1.F/?p=DB1.F

DB is a more valuable company than Nasdaq. DB is an investor into Lykke coins/shares via 360T subsidiary. Its just that many outside Europe often have not heard of the company, where as Nasdaq is more well known.

Frankfurt is the European financial capital, but when you are referring to market capitalization, you should take into account the market cap of all the companies traded on the given stock exchange.

I've never researched Lykke, but are there any proofs that it is backed by the DB? And what does that exactly mean?

[vlom]

We're looking to increase our reach to fulfill the current funding goal. If you have ideas please post them here.

more presence could help. sometime sig campaign help.

[amacar2]

We're looking to increase our reach to fulfill the current funding goal. If you have ideas please post them here.

Most of the new crypto projects go through ICO period with proper escrow personal in middle, you can do same however how much you can get depend upon the people intrest as well as your media reach towards possible investors.

[blackhawk101]

Lykke is building a single global marketplace to level the playing field and provide access to everyone.

Ocean asking to be boiled

[LykkeX]

I've never researched Lykke, but are there any proofs that it is backed by the DB? And what does that exactly mean?

They were seed investors via the subsidiary 360T, which is one of the largest FX platforms in the world (www.360t.com/about-us). It means they have provided funding and therefore have put their name behind the project.

[bbc.reporter]

I have a question. When will LKK be listed in the exchanges preferably in Poloniex? Also if I do decide to buy in to the ICO, is the only way to hold my coins in thru the app in my phone? That feels a little unsafe.

[adhitthana]

No other coin has such strong venture backing by equivalent of Nasdaq (actually Deutsche Boerse is a bigger company than Nasdaq with 15 billion $ marketcap).

What exactly does it mean that the Deutsche Boerse "backs" them?
Backs them how, in  what way?

[spartak_t]

No other coin has such strong venture backing by equivalent of Nasdaq (actually Deutsche Boerse is a bigger company than Nasdaq with 15 billion $ marketcap).

What exactly does it mean that the Deutsche Boerse "backs" them?
Backs them how, in  what way?

I bet that DB haven't heard of Lykke. They are saying this to make themselves looking bigger, but I'm not sure if its a good idea. Some people may accept it literally and it may have legal consequences.

[adhitthana]

Has Nick Szabo confirmed he is associated with Lykke in any way?