Topic: [ANN] Lykke - Trade Bitcoin, Ethereum, FX and Digital Assets - page 68. (Read 144625 times)

Yes I use Android at the moment, it works perfectly fine, no hiccups whatsoever. I'm in the business so I know how hard is to develop for Android instead of iOS (I'm sure they've chosen to develop for iOS first because of that). Either way, I think their strategy is perfect, they already have the apps up there getting more users by the day, when they deliver the web platform they will already have plenty of early adopters like us eager to use it. Like I said early, if they add ETH I would move 90% of my weekly trading to Lykke.

Regarding the price, I'm not sure and I'm not worried either (at least for Lykke), I just hope I can catch a small dip during these uncertain times, we may see it drop to $0.04-0.045, lower than that it would be a complete steal in my opinion considering we are talking about a company here.

I still maintain the ETF will get denied. I'm now convinced that if it gets approved it will benefit us all in the crypto space no matter what top 10-20 project you hold, however as we can see with these recent dumps, if it gets denied marketcaps could get cut in half in terms of fiat.

I've personally chosen to hedge my BTC with LKK, ETH and USD moving forward.

We seem to see those things very similar. I also prefer web/desktop-applications but especially while testing margin trading I was surprised how nice it is over the App. While opening long's and short's I monitored the Bitcoin-Charts on Bitcoin-Wisdom and that's a good combination. What I like is that the App is very intuitive to use, but I already can imagine that it can be dangerous because it feels nearly like a game. In my case it is, because I just test it with "test-money", otherwise I should be much carefully. ;-)



I doubt that will happen because there always is some adjustment. Best chance in my opinion would be a Bitcoin-pump and buying into LKK with Bitcoin short before a dump - if the ETF should get approval for example. But, things are hard to predict lately. Bitcoin down and surprisingly also all alts on Polo I have on watch (ETH, FCT, ZEC, MAID etc.). LKK is a little bit up in Bitcoin while being a little bit down in Dollar.



Your impression is correct. IOS is always or at least often a little bit first, but just to avoid a misunderstanding: The screenshots are just from a test-version. It's not publicly available yet. And of course, Android will have it all as well and testing will begin soon.

You are on Android?

Those look amazing, I personally can't wait for the web/desktop based platform since most of us are used to trade this way, although I find myself using the app everyday lately trading between LKK, USD and BTC for now. I hope to catch a nice short dip in terms of USD price for LKK if BTC dumps, something below $0.04 would be amazing.

tempus, do you know if these options will be readily available for Android? I noticed the iOS app is a little more developed (could be just my idea though). As they first developed the iOS app I think that's the base for all future updates and then they push all progress to Android.

I'm sure they are planning to list LKK on other exchanges but it won't be easy honestly. As we've been discussing in this thread Lykke aims to disrupt FX, CFD and Crypto Exchanges. It's also a semi-decentralized exchange (all the benefits in security that it has but also making sure it's actually usable you know...).

Either way if Waves and Bitshares are shared there, I'm sure Lykke can do it too. Also why do you want to buy LKK elsewhere? There's 0 fees involved if you download the app...

yes thanks, I was looking to buy it on poloniex or bittrex or something bigger

Lykke is the exchange. It is planned to get LKK on other exchanges, but until now Lykke is the only platform that offers LKK.

If you want to buy LKK, you can download the Wallet/Trading-App on the HP: https://www.lykke.com

Here are also some explaining-videos.

Any crypto exchange to buy this?

Absolutely! I'm just testing the new App and it's really amazing! Besides some nice little features that make it all even more intuitive, margin trading is really great!

P.S.: First I was in profit, no the picture turned into red  ;-)

Edit: Should add that it's a test-environment - I don't play with my real money yet.

Amazing, this is so exciting, they are definitely keeping the eyes on the prize, while there are many similar projects like Waves or Bitshares, the key here is licenses/regulation, usability and professionalism. If you download Lykke app you can already know the level of quality and attention to detail the team has. On top of that Lykke could disrupt not only FX markets as we mentioned but CFD markets which had exponential growth in recent years.

Keeping in mind what Richard Olsen mentioned, they are basically aiming to provide a more secure and transparent CFD product via the blockchain. Anyone interested on Lykke should do some research on eToro to see the potential here, they recently launched a Ethereum CFD (they've been offering BTC CFD for a while).

@mtnsaa, Richard Olsen just mailed me the reply on your question:



Richard Olsen:

"Thank you for the question - I am glad that this issue is raised. Lykke will rigorously hedge its positions: as soon as Lykke offers for example an Apple CFD and customers can buy Apple shares on our marketplace, we will hedge the customer purchases by orselves buying the equivalent of Apple shares in traditional markets. We will pay dividends - I want to add a technical detail. Discrete one time dividend payments are an artefact of the old paper processes. In future, dividend payments will happen as regular payments similar to interest payments. So Lykke will pay on going dividends and take on the risk that actual dividend payments from the underlying company might turn out to be lower. In achieving his goal hedging is essential:  We are committed to building a robust and solid marketplace that withstands the storms of everyday life."

Great overview! Thanks!

Nice info...

Lykke: next-generation trading platform @ BitcoinGarden
https://bitcoingarden.org/lykke-next-generation-trading-platform/

Right, but they are working on multiple fronts at the same time. Technical Development how I understand it currently: Chronobank will be next and very soon. Margin Trading is also pretty much finished and will most likely be released by end of march, BoxOptions is also very far or even finished, but I don't know yet how and when it will be released. Offchain-Settlement is a huge topic of course, and a look into the github (https://github.com/LykkeCity) shows that there are 9 Updates just in the last 24 hours.

Same is going on in all other aspects of Lykke, pushing regulations forward in multiple countries, several NDA's with other companies and negotiations about coming ICO's on Lykke etc.

With other words: I know that it sometimes may seem as if it's quiet, or that releases everybody is waiting for are not pushed out so fast like hoped, but there is so much happening that it's hard to keep track with them. For me it's very impressive to see how much is going on but I have to admit that I don't know and also don't understand all what is done. There are multiple channels for different topics and they give updates in the different channels, but a lot of that is expert-stuff. I would have to ask a lot of questions to really get an overview.

But, good is: Everyone can be assured that there will be results and I believe that Lykke very well could be on #1 in 2017 and of all projects, when it's about the frequency of releases and general progress.

Great tempus, thanks for the quick reply, well not sure what that entails but even if it's postponed it's also a confirmation that they are working on it already and it's coming in the next months. Most likely they are focusing on getting the Chronobank integration ready by this week or the next.

@mtnsaa, because of your question about ETH:


Sergey said on telegram this morning that Ethereum-integration is postponed because they have to deploy offchain-settlement first.

Nice! I bought through the App so it was there instantly. Good to know that distribution makes good progress.



I'm not sure tbh, but what I think: Once all forwards are distributed the market will be opened for trading and most likely there will be a simple button to start the 365y-period, or maybe it will be done with a transaction on a special address in the wallet. Once it starts I'll know more and post an explanation, or maybe there will be a blog-post.


I'm glad that this question was also asked on slack because I wouldn't know. ;-)

Answer:

"Lykke is paying all banking fees occurring from the sender's side, thus the client's account is "receiving" the full amount. Please note that fees and charges may occur at the receiver's side, this foreign banking charges are outside of Lykke's control thus these fees and charges are client's own responsibility."

My lykke 1yr coins showed up today  curious how do we initiate the trigger that sets 1yr trigger date in the future?

Another question is there any fees for lykke on bic swift withdrawals to usa banks.