Pages:
Author

Topic: [ANN] Lykke - Trade Bitcoin, Ethereum, FX and Digital Assets - page 70. (Read 144625 times)

legendary
Activity: 1568
Merit: 1000
When do devs plan to develop an application for the x86 architecture or web client for exchange?

The web-based-terminal already is in development and they are making progress, but time frames cannot be defined at the moment.
But be sure, I'll post it in big letters once there is a time-estimation. ;-)


Tempus, do you know when Lykke will list Chronobank Time tokens? I know they have a deal so it must be very soon. The project doesn't seem that interesting in my opinion but I still bought some at the ICO since I think with the recent BTC rally it was undervalued compared to what they intended to raise. Total coin supply is only 710,113...with some good news and progress I think it will be due for a nice pump eventually once BTC finally settles.

The question about the Chronobank-listing was asked on telegram some time (about 2 weeks) ago and Sergey replied:
"Listing is scheduled early March, after TIME token distribution end"

I find it very fascinating but also very very complex, including the market(s) and even social aspects. I did not invest because of that, but I'm very eager to see how it will turn out.

Yeah I think I asked this already or we discussed about Chronobank, I've seen that it's already listed on a couple of small exchanges so I guess we can expect it on Lykke by next week or so. Even if it's not a huge project (at least now) it's great to see Lykke starting to list digital assets. I'm a big fan of Ethereum and I can't wait for them to list them, I would definitely move a lot of my trading there since they have a lot of fiat pairs which it's becoming very interesting as some altcoins start to decouple from BTC price.

They are definitely working on it - last update 4 hours ago: https://github.com/LykkeCity/chronobank-integration

Regarding prices decoupling of Bitcoin: If the ETF should be approved it will become very interesting. Short-term Alts would most likely take a huge hit. But it would bring so much more money in the whole space, make Bitcoin and everything else much more interesting and give a lot of credibility and general attention, that especially a project like Lykke would most likely benefit a lot. But we'll see. Until now I have a lot of doubts that it will be approved.


Nice, it should be up and running in the next days I think.

Yes like we discussed, I think there's minimal chance of the ETF being approved but each day that passes by without any confirmation the price will be stable or continue to rise since if we get to March 11 without any notice it's approved by default. I'm sure we'll hear something by the end of the week, if not then the chance of getting approved will get bigger. Right now I feel it's already priced in, it's the perfect spot to take a risk in case a trader thinks ETF will get approved. I even feel it's a little overvalued, $1080-1100 would be a more cautious price.

I agree an ETF will bring much more money into crypto and Lykke being an exchange will definitely benefit from it (exchanges and gambling sites are the most profitable companies in this industry).
legendary
Activity: 1960
Merit: 1128
legendary
Activity: 1960
Merit: 1128
When do devs plan to develop an application for the x86 architecture or web client for exchange?

The web-based-terminal already is in development and they are making progress, but time frames cannot be defined at the moment.
But be sure, I'll post it in big letters once there is a time-estimation. ;-)


Tempus, do you know when Lykke will list Chronobank Time tokens? I know they have a deal so it must be very soon. The project doesn't seem that interesting in my opinion but I still bought some at the ICO since I think with the recent BTC rally it was undervalued compared to what they intended to raise. Total coin supply is only 710,113...with some good news and progress I think it will be due for a nice pump eventually once BTC finally settles.

The question about the Chronobank-listing was asked on telegram some time (about 2 weeks) ago and Sergey replied:
"Listing is scheduled early March, after TIME token distribution end"

I find it very fascinating but also very very complex, including the market(s) and even social aspects. I did not invest because of that, but I'm very eager to see how it will turn out.

Yeah I think I asked this already or we discussed about Chronobank, I've seen that it's already listed on a couple of small exchanges so I guess we can expect it on Lykke by next week or so. Even if it's not a huge project (at least now) it's great to see Lykke starting to list digital assets. I'm a big fan of Ethereum and I can't wait for them to list them, I would definitely move a lot of my trading there since they have a lot of fiat pairs which it's becoming very interesting as some altcoins start to decouple from BTC price.

They are definitely working on it - last update 4 hours ago: https://github.com/LykkeCity/chronobank-integration

Regarding prices decoupling of Bitcoin: If the ETF should be approved it will become very interesting. Short-term Alts would most likely take a huge hit. But it would bring so much more money in the whole space, make Bitcoin and everything else much more interesting and give a lot of credibility and general attention, that especially a project like Lykke would most likely benefit a lot. But we'll see. Until now I have a lot of doubts that it will be approved.
legendary
Activity: 1568
Merit: 1000
When do devs plan to develop an application for the x86 architecture or web client for exchange?

The web-based-terminal already is in development and they are making progress, but time frames cannot be defined at the moment.
But be sure, I'll post it in big letters once there is a time-estimation. ;-)


Tempus, do you know when Lykke will list Chronobank Time tokens? I know they have a deal so it must be very soon. The project doesn't seem that interesting in my opinion but I still bought some at the ICO since I think with the recent BTC rally it was undervalued compared to what they intended to raise. Total coin supply is only 710,113...with some good news and progress I think it will be due for a nice pump eventually once BTC finally settles.

The question about the Chronobank-listing was asked on telegram some time (about 2 weeks) ago and Sergey replied:
"Listing is scheduled early March, after TIME token distribution end"

I find it very fascinating but also very very complex, including the market(s) and even social aspects. I did not invest because of that, but I'm very eager to see how it will turn out.

Yeah I think I asked this already or we discussed about Chronobank, I've seen that it's already listed on a couple of small exchanges so I guess we can expect it on Lykke by next week or so. Even if it's not a huge project (at least now) it's great to see Lykke starting to list digital assets. I'm a big fan of Ethereum and I can't wait for them to list them, I would definitely move a lot of my trading there since they have a lot of fiat pairs which it's becoming very interesting as some altcoins start to decouple from BTC price.
legendary
Activity: 1960
Merit: 1128
When do devs plan to develop an application for the x86 architecture or web client for exchange?

The web-based-terminal already is in development and they are making progress, but time frames cannot be defined at the moment.
But be sure, I'll post it in big letters once there is a time-estimation. ;-)


Tempus, do you know when Lykke will list Chronobank Time tokens? I know they have a deal so it must be very soon. The project doesn't seem that interesting in my opinion but I still bought some at the ICO since I think with the recent BTC rally it was undervalued compared to what they intended to raise. Total coin supply is only 710,113...with some good news and progress I think it will be due for a nice pump eventually once BTC finally settles.

The question about the Chronobank-listing was asked on telegram some time (about 2 weeks) ago and Sergey replied:
"Listing is scheduled early March, after TIME token distribution end"

I find it very fascinating but also very very complex, including the market(s) and even social aspects. I did not invest because of that, but I'm very eager to see how it will turn out.
legendary
Activity: 1568
Merit: 1000
When do devs plan to develop an application for the x86 architecture or web client for exchange?

The web-based-terminal already is in development and they are making progress, but time frames cannot be defined at the moment.
But be sure, I'll post it in big letters once there is a time-estimation. ;-)


Tempus, do you know when Lykke will list Chronobank Time tokens? I know they have a deal so it must be very soon. The project doesn't seem that interesting in my opinion but I still bought some at the ICO since I think with the recent BTC rally it was undervalued compared to what they intended to raise. Total coin supply is only 710,113...with some good news and progress I think it will be due for a nice pump eventually once BTC finally settles.
legendary
Activity: 1960
Merit: 1128
This is a very interesting article about the SEC and it's decision-makers and of course it's with focus on the Winklevoss-ETF:

Meet the Two SEC Commissioners Tasked with the Historical Bitcoin ETF Decision
https://www.cryptocoinsnews.com/meet-the-two-sec-commissioners-tasked-with-the-historical-bitcoin-etf-decision/



But a lot of quotes of the SEC-members are not that much about Bitcoin but about Blockchain and how they see Fintech, in fact more about a business-model like Lykke.



Some examples:

He urged the SEC to take a leading role, stating “[t]he great potential of FinTech should not be hindered by our current regulatory structure,” before adding:

“[T]he Commission should take the lead regulatory role in the FinTech space. Many of the firms pursuing FinTech are already SEC registrants, and others are providing services that are squarely within the Commission’s oversight, such as investment advice and trading and settlement functionalities. And we are the only agency with a mission that explicitly includes facilitating capital formation. In that regard, our recent crowdfunding initiatives provide us the relevant experience and expertise for understanding the regulatory challenges.”


(...)

It could be used to overhaul areas like securities clearing and settlements, payment processing by banks, and cumbersome loan transactions. It has the power potentially to increase quality and facilitate trust.

(...)

“While I am not advocating for the adoption or effectiveness of blockchain technology, it appears to offer potential. One can imagine a world in which securities lending, repo, and margin financing are all traceable through blockchain’s transparent and open approach to tracking transactions. That could revolutionize regulators’ approach to monitoring systemic risk in these areas, including the oversight of collateral reuse, to name just one potential use.”







And to add a little bit Lykke-Context.

Sergey Ivliev just said on Telegram:

"We are applying for SEC Broker license early March. Estimated time is 3 months."


Richard Olsen about Lykke and Regulators:

"Regulators are deeply frustrated with their inability to reform the financial system, so regulators are open to innovation. It is key that innovators package their services and products within the regulatory framework – so this packaging is important. Companies, organizations that do this can actually profit from the support of regulators"

"Lykke addresses issues that regulators wanted to solve for decades – we are highlighting these features: new type of matching engine based on price, time and spread priority, which addresses the risk of flash crashes, intraday interest payments, which ensures intraday liquidity during periods of stress, ability of immediate settlement, which is a continuous clearing system for all types of asset classes and can address the issue of too big to fail. We highlight, why our exchange can solve problems of the existing financial system and then last but not least prepare our applications in a meticulous fashion – we have some excellent lawyers, who support us."


http://blockgeeks.com/ama/live-october-7-12-pm-est-richard-olsen-ceo-at-lykke/?utm_content=buffer129f9&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer
legendary
Activity: 1960
Merit: 1128
When do devs plan to develop an application for the x86 architecture or web client for exchange?

The web-based-terminal already is in development and they are making progress, but time frames cannot be defined at the moment.
But be sure, I'll post it in big letters once there is a time-estimation. ;-)
legendary
Activity: 2156
Merit: 1132
When do devs plan to develop an application for the x86 architecture or web client for exchange?
legendary
Activity: 1960
Merit: 1128

What is Lykke Forward?
By Sergey Ivliev, Lykke co-founder and COO
https://lykke.com/city/blog/what_is_lykke_forward
legendary
Activity: 1960
Merit: 1128
Lykke on the Bitcoin-Rush-Show:

Bitcoin Rush Swiss USA Germany China
https://vid.me/6eND
legendary
Activity: 1960
Merit: 1128
If somebody should be concerned because Bitcoin-transaction/confirmation-delays:

The Mempool was on an ATH today (>100k unconfirmed transactions). Right now still significantly > 90k:





https://blockchain.info/de/charts/mempool-count?timespan=all
legendary
Activity: 1960
Merit: 1128

Full Stack Developer / Architect with focus on real-time analytics and trading systems

Lykke is changing the world of financial markets. Block chain technologies, stream analytics, HF trading, community centered finance (e.g. P2P lending), crowed funding are some of the buzz words that describe our activities.

Lykke is looking for developers that are ready to work with the most advanced system architectures in financial systems and community based portals.

(...)

Full article: https://lykke.com/city/open_positions

legendary
Activity: 1960
Merit: 1128
Somebody on reddit asked about the Business-model of Lykke and how it will be possible to make money without fees.

Since that's a question many may have - this is Richard Olsen's reply:

"My apologies for the late response: yes, our business model is to earn money as a market maker. In this context I want to mention that we will create investment products, whichLykke customers can invest in. The funds of these investmetn products will be used for market making. If market making is done with our own funds, we earn 100% of the profits, whereas with the investment products Lykke earns the performance fee.
Lykke is on a rapid innovation path and we will release products that will be game changers for the industry: margin based trading across all asset classes on blockchain, boxoption - a highly intuitive tservice to trade short-term price moves, borrowing and lending service powered by a new securities lending model. We will offer these services fully regulated, which enables us to aggressivley market our services across the globe. The growh and profit potential for Lykke is huge."

https://www.reddit.com/r/lykke/comments/5u9auy/if_lykke_doesnt_take_fees_for_anything_how_they/



He mentions Box-Options in his post and that is really impressive in my opinion. Very intuitive, nearly like a "Trading-Game". There will be the choice to use it only in training-mode or with real money. Mihail Nikulin has given his okay to share this:

Box Options:



legendary
Activity: 1960
Merit: 1128
SPECIAL LIMITED OFFER FEBRUARY 9 – FEBRUARY 28, 2017

What do you mean, will you have an ICO in the near future? I hope not more ICO, your price is under last ICO, it means the current price is overvalued.


I don't know if there will be other crowdfundings or other forms of funding-rounds in future. I believe yes, since all projects that are not profitable yet need funds to get things done. But funding rounds like the ICO last year or the current 1yLKK-sale are also done with the intention to get a good community-base. Investors become supporters and it's better to have many small Investors than just a few big guys. But Lykke acts very carefully and long-term-focused.

The price: We could discuss if a decline in price really means that a project is overvalued. That would mean that prices reflect real value objectively what's not the case in my opinion - best seen in some projects that are worth pretty much nothing (some or many are even scams) but get pumped up on irrational price-levels. And there are also projects that are undervalued on the market and I believe that Lykke has a lot of price-potential.

But yes, the price went a little bit down because 1) Bitcoin went up the last months and currently we see a new sharp rise. 2) Some have sold LKK to buy into 1YLKK, which is not a bad sign because it indicates confidence in the long-term-potential of Lykke. 
sr. member
Activity: 245
Merit: 250
 SPECIAL LIMITED OFFER FEBRUARY 9 – FEBRUARY 28, 2017

What do you mean, will you have an ICO in the near future? I hope not more ICO, your price is under last ICO, it means the current price is overvalued.
legendary
Activity: 1960
Merit: 1128
Is there a Slack channel for Lykke? Seems like the most traded asset on Lykke is SLR but it's hard to determine buys vs sells. On a side note why is the price of LKK dropping?

Yes, there is a slack but it's not a public slack. The telegram-channel is public and also team members are quite active there:
https://telegram.me/joinchat/AEGiqkF-_dNaHMwQbRSnAg

But there are thoughts about setting up a community-slack.

Why the price is dropping: I believe there are two reasons:

1) Some sold LKK to have money to buy into the 1YLKK-forward
2) Bitcoin rise. On Polo it was a bloodbath today about 95% in deeply red (still is, but it looks a little bit better now).



What happened on Poloniex. Seems some coins like burst and pascal have risen in the past couple of days. You think people are selling alts to get their hands on BTC?


Yeah, it's a bloodbath lately ;-) And yes, it has a lot to do with sell-pressure because of the Bitcoin-rise. At once there is the typical price-adjustment, but it's also anticipation. People try to be in the best position in case that the scenario they believe is most most promising in terms of profit (not necessarily most likely) realizes. And many seem to bet on an approval of the Winklevoss-ETF, while I'm very skeptical that it will get approval. But if, it's pretty much a safe bet that Bitcoin will reach a new ATH.

I had a good laugh on reddit yesterday. Somebody asked:

 "Where can I get the results of the ruling the quickest when it comes out?"

Answer: "any current btc price chart ;-)"


I personally don't sell any alts because I believe BTC involves a much higher risk than most people may think (China might be on the safe side soon, but the Scaling-Debate won't end and could turn into a mess) and will be more volatile and unpredictable than Lykke for example or Factom or some others. They also drop in price, but I have no doubt that they will recover.

And like in the end of 2013 with Litecoin, that exploded x30 (and even more) once Bitcoin crashed, it's my bet that if Bitcoin should explode it will come down again and that will be the time to celebrate if one is invested in good projects.
sr. member
Activity: 493
Merit: 250
Is there a Slack channel for Lykke? Seems like the most traded asset on Lykke is SLR but it's hard to determine buys vs sells. On a side note why is the price of LKK dropping?

Yes, there is a slack but it's not a public slack. The telegram-channel is public and also team members are quite active there:
https://telegram.me/joinchat/AEGiqkF-_dNaHMwQbRSnAg

But there are thoughts about setting up a community-slack.

Why the price is dropping: I believe there are two reasons:

1) Some sold LKK to have money to buy into the 1YLKK-forward
2) Bitcoin rise. On Polo it was a bloodbath today about 95% in deeply red (still is, but it looks a little bit better now).



What happened on Poloniex. Seems some coins like burst and pascal have risen in the past couple of days. You think people are selling alts to get their hands on BTC?
legendary
Activity: 1568
Merit: 1000
Thanks tempus! CDFs trading could be a game changer. I know eventually any sort of asset, digital or real could be traded however CDFs could become a reality in the near future. I don't think they are legal in the US but there's plenty of companies like plus500 and eToro doing very well.

Imagine tokenizing Uber or IBM stocks!

You'll like this! Smiley





Edit: The article about the ETF is really interesting! Thanks!

Amazing news then! Thanks for the quick reply
legendary
Activity: 1960
Merit: 1128
Thanks tempus! CDFs trading could be a game changer. I know eventually any sort of asset, digital or real could be traded however CDFs could become a reality in the near future. I don't think they are legal in the US but there's plenty of companies like plus500 and eToro doing very well.

Imagine tokenizing Uber or IBM stocks!

You'll like this! Smiley





Edit: The article about the ETF is really interesting! Thanks!
Pages:
Jump to: