Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Lykke - Semi-decentralized Exchange on the Blockchain
by
tempus
on 22/03/2017, 13:04:31 UTC
Thanks for your answer @tempus

Something I don't understand about LKK1Y,

Does the total fixed supply of 1,285,690,000 Lykke coins have changed or will change when LKK1Y become LKK ?

If yes:

100 LKK represents 1 share of the legal entity, so LKK's value is lowered since new LKKY (to become LKK) coins came into the game ?? Right ?

No, the total supply doesn't change. That are LKK/shares of the company-treasury. The reason why the price of LKK is a little bit lower since the LKK1Y-sale is more because some sold LKK to buy into LKK1Y and most likely also because Bitcoin hyped during that time. But it's only about 2-4%.