Post
Topic
Board Speculation (Altcoins)
Re: (LKK) LYKKE speculation
by
mtnsaa
on 21/05/2017, 17:24:30 UTC

Can people in the US use the Lykke wallet yet? I D/L'd the app, but it told me that if I lived in the US I could not use it yet? Has theat been fixed, and is there any way to invest in Lykke right now (For USAans) ahead of the wallet?

Unfortunately it's not possible for US-citizen yet to use the App. Reason is that Lykke is in regulatory processes in the USA. Once Lykke has received all needed approvals that will change of course. Lykke has a team in the USA and they give their best to get it through as fast as possible.




You already have a date about the approval of lykke in U.S.A. ?

No ETA yet, but also because it won't be about the whole USA at once. And it's a really complicated procedure I also don't have deep enough knowledge about.

Some words about how it's done:

1) It's about single states. Some states are easier and will be faster, others are harder.

2) It's about different kinds of licenses

3) It's also about different kinds of possibilities (access to products/client experience).


For the practice that means: One can think of the whole process as a roll-out over time. Citizens of the easier states will get access to Lykke earlier, those in the hardest states will have to wait longer. And there will also be differences about user experience. Some things that will be possible in the EU for example may be blocked first for US-citzen and enabled step-by-step over time.

But Lykke makes good progress and the man who leads it, Michael Klena, has a lot of experience. I believe that first results will realize this summer.



Thanks for the response and the commitment you have had so far in this project. I followed it from the beginning and bought lykke at $ 0.04 last summer, and I think opening in America is crucial to make it grow even faster and deep!

According to your prediction, where do you see lykke in late summer and late 2017?
20,000 and 60,000 satoshi is realistic?

I agree with tempus that it's hard to give predictions especially in BTC prices. If you take the past ICO price (it was around 8k sats) it hasn't moved that much, especially compared to other assets which actually pumped 4 or 5x (let alone in fiat terms). So I think that while the fiat pair can continue to rise as long as Lykke gets to be more well known and developed, the BTC pair is not so clear, I've seen LKK both gain on BTC rises and the other way around.

I think Lykke is a much more stable investment compared to other projects, it's not only about token/platform usage speculation, investors are getting actual true equity in the company, something quite unique in this space. Things like offices, licenses, revenue and other assets all matter while estimating the true value of Lykke as a company.

In terms of outlandish predictions or wishful thinking, someone on Reddit mentioned recently that "One day Lykke might be the stock exchange of the world. Maybe not, but maybe".

 Grin