Quote from: jupiter00000 on September 16, 2016, 02:38:32 PM

Quote from: LykkeX on September 15, 2016, 06:51:22 PM

https://medium.com/@pullnews/are-coinbase-kraken-and-poloniex-doomed-to-fail-2739153d033a?platform=hootsuite#.ct1x0c2e1

Not worth taking the time to explain to us your insane valuation? You expect 1 billion dollar daily trade volume by the end of next year. Seems pretty confident. What makes you so confident? All you have is an app, like getgems. But with less features than getgems. They had a larger community and more features and look where they are now. And yes, we all know that centralized exchanges are doomed to fail. That's why we have bitsquare, wavesplatform and syscoin - which is still 50% vapor, but they aren't making crazy statements like 1 billion dollar daily trade volume by next christmas. I'd like to see what information validates your assumption of 1000× growth in a year.

The scope of Lykke is entirely different from other cryptocurrency projects, in that blockchain is viewed as a settlement system for traditional financial instruments. That explains the ambition in volume. Lykke brings in the knowledge of finance, where as cryptocurrency usually is bank hostile, and don't have the connections and knowledge to implement this. Lykke will acquire full license as an exchange (MTF) in the UK. Lykke has already presented the app and discussed with people in ECB and Swiss National Bank. To build these relationships requires expertise and a certain background. From that point of view maybe Ripple might be more comparable, although even then the model of trust is very different. Lykke's plan is to use blockchain as a settlement mechanism. Lykke has not its own blockchain. It uses Bitcoin ColoredCoins (Openasset protocol).

About price - participants will make their own judgements and the price will adjust accordingly. Certainly it is a risky investment. Yes, the annual reports and other filings give indication about the business plan. I can forward any more detailed questions to the COO. I think some AMA is planned for next week.