Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Lykke - a global marketplace
by
roguetrader
on 21/09/2016, 13:19:51 UTC
Hello everyone, discover this ICO a little bit later than i would like.
Already read all this post pages and the whitepaper, i am starting to invest on crypto-currencies related fintechs, made my first investment in ICONOMI, around 8 BTC and i am looking for the next one. I have a financial markets background (15 years experience in Risk Management) so i have some questions related to the viability of the business rather than the technological part which i don't have the expertise to analyse.

Off course the concept is extremely appealing, an universal exchange that you can replicate any type of asset is something huge. So what i am trying to access if the concept can become a reality, in terms of company management, expertise, regulation, risk, etc etc etc. And if this is a good opportunity at a fair price.

So following are my questions :

1-) Initially you had 1,250,000,000 Lykke coins which was increased later to 1,285,690,000 as explained already and 100 LKK represents 1 share, so you have at this moment 12,856,900 shares of the company Lykke Corp
       1.1) In which situations can the number of Lykke Coins increase again ? In case this happens again, current shareholders get diluted, is there any mechanism to prevent shareholder dilution ? Why did you increased the number of shares in the first case and not only just sold coins of the major holder ?
       1.2) 100LKK represents 1 share of the company, is this a voting share or just a share that have the right to receive dividends if this gets distributed eventually ?
     
2- Exchange License
     
      2.1- why U.K. ?
      2.2 - How much does this license cost ?
      2.3 - What are the regulatory requirements to acquire this license ?

3- ICO Cost

    3.1- Right now i see in Lykke Wallet i can purchase LKK @ 0.05119 per USD, who is setting this price ? is this free market or the majors holders ?
    3.2 - Do you have any financial projection that you can share that explains the rationale behind this valuation ?
    3.3 - This is not a question but just my view of the current valuation, from older posts the current valuation  is around 65.5mm USD with a projected revenue of 3.6mm USD, this puts a market Cap / Projected Revenue on 18.19, there are some exchanges traded on the market that we can use as peers comparison, CME trade at around 9 / 10 (30.5bi USD MKT cap per 3.3Bi Revenue), BMFBOVESPA trades around 10/11, and those are not projected revenue, those are realized revenue. Although i understand that there is a potential growth for the business, i see this price a little bit inflated.

i will stop here, i will read the whitepaper again to see if i have any new ones.

Thanks in advance for your attention.