Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Lykke - Semi-decentralized Exchange on the Blockchain
by
tempus
on 14/03/2017, 19:22:02 UTC
Thanks Tempus, I can wait till then though it will be more interesting to see the Business Report and get clarity on the business model, the markets and revenue streams and the strategic direction of Lykke.

Do you also know what is the number of outstanding Lykke coins? At the moment some are held by the company and by the founders, but I guess it's not clear to me how many coins are in distribution to the public. Coinmarketcap shows this number as 30,000,000LKK.



There are basically 4 groups, or even 5:

Company
Team-Members
Angel-Investors
Sept-Oct 2016 ICO-Investors

Plus: LKK1Y-crowdfunding


The 30 million LKK are those that were sold to the public during the ICO in Sept-Oct 2016. The LKK1Y are forward-contracts and not on the market yet but will stream in in about 1 year.

The 30 million is most likely not totally correct because no LKK are restricted but it can be assumed to be about right because the company, team-members and Angel-Investors are in for the longterm.

I personally believe that also a majority of ICO-buyers are longterm-focused.

The market cap is definitely going over 1.4 million. They made Feb 9, 2017 to Feb 28, 2017 $1,973,554.46  alone on the 1 year lykke contracts. So more then likely after the 1 year contract is up the market cap will more then double in price. To raise almost 2 million in that period of time shows how people are engaged into this project. People have a lot of faith and trust in Mr. Olsen. I also bought more 1 year lyke after the 28th and I am sure others bought some as well. So its probably over 2 million. To get the 20% discount is probably the best deal of any coin on the market right now. I am sure the coin will more then double and could turn into a top 5 coin in a few years. All the things they are adding to turn this into a decentralized forex is the best project of all the cryptos I have researched so far. There so many scam coins hitting the market its a breath of fresh air to find one thats legitimate that is ran by a man who is very successful in forex industry.

Yes, absolutely agree! I was very positive surprised how well people reacted on the LKK1Y, because first I was concerned that maybe many don't really understand the forward-contract. But more and more seemed interested and it went very well in a short time and without big "hype" etc. Interest in Lykke is definitely increasing and there is so much to come that I believe there is some chance that it even might explode through 2017. Impact on price is always unpredictable but the time is on Lykke's side. That's why I'm very optimistic. And btw: It's one of two projects even my parents invested in.

Regarding Richard Olsen: I believe he is indeed one of the reasons that people trust this project. In many other projects people are constantly concerned if a team could just leave with the money etc. That's a non-topic in Lykke. And what I can say is: They all are not just skilled but really good people who will do everything to make this to a win-win-win for Users, Investors and Lykke.