[ANN] Lykke - Trade Bitcoin, Ethereum, FX and Digital Assets - page 117.

Geenstijl

legendary

Activity: 1232

Merit: 1000

Quote from: DaddyH on September 16, 2016, 06:06:27 AM

Wallet doesn't work on my Samsung S6 Edge (5.1.1).

I've installed app, but when the email registration page opens - the "Sign up" button is disabled. Even after typing my email address (pressing "enter" doesnt help either).

My app works really well on the Galaxy s7.

I was wondering... what is this SHEELA/EUR market? It says it's a song?

DaddyH

sr. member

Activity: 364

Merit: 250

Wallet doesn't work on my Samsung S6 Edge (5.1.1).

I've installed app, but when the email registration page opens - the "Sign up" button is disabled. Even after typing my email address (pressing "enter" doesnt help either).

LykkeX

full member

Activity: 210

Merit: 100

Quote from: mummybtc on September 16, 2016, 03:34:07 AM

Why is Lykke team restricting potential investors into this project by only allowing only mobile users to participate in the ICO, there is no wallet for windows, I won't use mobile device for my token because it was shown that 95% of all apps on android platform are vulnerable to attack. I think they should use online wallet for other to be able to participate in their ICO.

Could you specify those attack vectors? It is correct that focus is on mobile first, then desktop. You might want to check again later when the webterminal is out.

LykkeX

full member

Activity: 210

Merit: 100

iPhone app will be available again soon in the app store. It will not be available in the China app store. existing wallets should operate normally, otherwise post here or contact [email protected]

mummybtc

hero member

Activity: 868

Merit: 500

Why is Lykke team restricting potential investors into this project by only allowing only mobile users to participate in the ICO, there is no wallet for windows, I won't use mobile device for my token because it was shown that 95% of all apps on android platform are vulnerable to attack. I think they should use online wallet for other to be able to participate in their ICO.

LykkeX

full member

Activity: 210

Merit: 100

Quote from: Geenstijl on September 15, 2016, 04:08:52 PM

If i want to take part in the ICO. Is is smart to buy in your app (on the BTC market) at a rate of 0.0000847 btc per Lykke? Or am I am paying too much doing it like this?

Yes, 0.05 CHF via the app. The core information is available at lykke.com/ico . We're currently experience an issue with Apple's app-store and will post updates. Play store is not effected.

LykkeX

full member

Activity: 210

Merit: 100

Quote from: ?? on ??

Will there be any translation bounties?

Can you please comment on this dev Cheesy

I've forwarded the request. Not that I'm aware of.

https://lykke.com/city/about/openposition

We're hiring support staff. C# position is filled I think. Contributions to the codebase would of course be welcome.

jupiter00000

member

Activity: 111

Merit: 10

http://jupitertheproducer.bandcamp.com

Quote from: Geenstijl on September 15, 2016, 04:08:52 PM

If i want to take part in the ICO. Is is smart to buy in your app (on the BTC market) at a rate of 0.0000847 btc per Lykke? Or am I am paying too much doing it like this?

I think that's the ONLY way to buy it right now. I love the app. I the price of .05 cents (8500 satoshi) seems more than fair

Geenstijl

legendary

Activity: 1232

Merit: 1000

If i want to take part in the ICO. Is is smart to buy in your app (on the BTC market) at a rate of 0.0000847 btc per Lykke? Or am I am paying too much doing it like this?

LykkeX

full member

Activity: 210

Merit: 100

Quote from: titan20 on September 15, 2016, 02:24:15 PM

You earn money on the spread, not commissions.
I don't know what that means? How do you earn money on the spread? Can you explain with an example?

Good question. Yes, the spread is what a market-maker earns for offering bid and selling at the ask price. For this Lykke will employ quantitative models. E.g. if you go to the bank to buy Euros against d
Dollars today you pay say 1.1245$ per €. If you want to sell you might get 1.1244$. The 0.0001$ difference will be earned by the bank / broker as compensation. In Lykke's case the currency traded is a ColoredCoin (representing USD or CHF). The Bitcoin blockchain used as a settlement layer. Lykke matches orders and can hedge at other FX venues if it chooses to. The team has a lot of expertise in this area. We plan to write a whitepaper soon on this aspect of the marketplace.

Richard Olsen's book: https://www.amazon.com/Introduction-High-Frequency-Finance-Ramazan-Gen%C3%A7ay/dp/0122796713

Whitepaper on FX trading: https://lykke.com/city/_media/golubdupuisolsen.pdf

LykkeX

full member

Activity: 210

Merit: 100

The blog post: https://lykke.com/city/blog/2016-09-13/lykke_ico

Twitter contest: https://lykke.com/city/blog/2016-09-13/twitter_contest

titan20

sr. member

Activity: 427

Merit: 250

Quote from: LykkeX on September 14, 2016, 06:51:44 AM

Quote from: tempus on September 14, 2016, 05:14:38 AM

What I would like to know is: How dependent is Lykke on Bitcoin? I ask because I always think that it's possible that Bitcoin might lose his leading position in years or, worse, maybe even hard fork into two like Ethereum did. Could Lykke use theoretically any other Blockchain?

And what exactly is the business-model? Or more directly: How to make money?

By the way: First when I saw this I thought it may could be a perfect fit with Factom.

The team is actively looking into Ethereum, as per the business plan. Yes, in theory any chain that supports issued assets could do. Openasset and Bitcoin decision was made at the very beginning, and integration takes time, so its not a goal to support any chain.

Business model is stated above as earning money on the spread, not commissions. Lykke can act as a market-maker. This part is also under very active development. You should find more documents on the website. If not, it will be good to have more questions in this direction - I'll forward them to the experts on the team. See this academic paper, e.g. https://lykke.com/city/_media/golubdupuisolsen.pdf

Factom - not currently under consideration but thanks for the suggestion. Publishing prices on a blockchain makes sense.

You earn money on the spread, not commissions.
I don't know what that means? How do you earn money on the spread? Can you explain with an example?

LykkeX

full member

Activity: 210

Merit: 100

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

Geenstijl

legendary

Activity: 1232

Merit: 1000

Quote from: LykkeX on September 15, 2016, 12:04:51 PM

"After a successful ICO, the market value of the Company i.e. of the distributed Lykke coins will be 56 million Swiss Francs."

https://lykke.com/Lykke_Corp_Placement_Memorandum.pdf

To be honest, i do not really like the way you answer questions in this indirect way. I just asked a question to which you could state yes or no. I don't want to go look at all these documents when a single statement can do the trick.

I bought some shares because of your nice video. The Dev team seems really legit and capable. Your mobile app is working fabulous. I'm convinced it will make it easy for outsiders to adopt.

Good luck with your project.

LykkeX

full member

Activity: 210

Merit: 100

"After a successful ICO, the market value of the Company i.e. of the distributed Lykke coins will be 56 million Swiss Francs."

https://lykke.com/Lykke_Corp_Placement_Memorandum.pdf

Geenstijl

legendary

Activity: 1232

Merit: 1000

I almost bought this. But am I reading this well....

There are 1250 million Lykke coins available. Now you are putting 30 million coins up for sale. Thats 30/1250 = 2,4% of all coins.

For this 2,4% you are expecting to raise 1.5 million CHF... Thats like 2 million USD right?

Could you please confirm that i got this calculation wrong?

LykkeX

full member

Activity: 210

Merit: 100

Quote from: someone111 on September 15, 2016, 10:11:27 AM

Any bonus for early investors?

Will I be able to invest using EUR bank wire transfer?

Bonus - no.

EUR transfer - yes.

someone111

sr. member

Activity: 453

Merit: 250

Any bonus for early investors?

Will I be able to invest using EUR bank wire transfer?

ZeitgeistofBitcoin

newbie

Activity: 50

Merit: 0

Quote from: naj on September 15, 2016, 04:05:26 AM

I can't find the lykke wallet at the iOS App Store. I just find: https://angel.co/lykke but thats not correct. Or am I wrong?

No the also Except BTC,euro,dollar etc.

Nice to have a ico for someting that works already, Beautiful beautiful logo by the way. Really a Swiss made app. Bought some

LykkeX

full member

Activity: 210

Merit: 100

Quote from: Abraxas147 on September 15, 2016, 07:04:34 AM

Is there a way to participate in the ICO for windows (phone) users :-) Any kind of web-interface available or in development?

Windows phone was planned. I'm not sure about the progress. Web-Interface - yes. Work in progress here: https://github.com/LykkeCity/ColorEx

Topic: [ANN] Lykke - Trade Bitcoin, Ethereum, FX and Digital Assets - page 117. (Read 144625 times)