New Contest & Collaboration Platform: Lykke Streams - page 2.

ikydesu

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Looks nice.
So, the payment using an altcoin, it's also can be exchange to cash, the pair fiat is just dollar only? Also can exchange to bitcoin too? since your wallet basically like exchange wallet?
The taxes, it's mandatory to pay based on the winner country? so, this already have some regulation, isn't?

tempus

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Quote from: KenR on December 07, 2016, 01:33:47 PM

Pretty Good.What's your business model? If I open a new contest or I'm a winner for a particular posted contest,how much is your share of the total winnings ?Although platforms as such are not a new thing but your service fees does actually make you stand out.People choose to use forums for contests and stuff since there is no middle party involved,meaning no extra spending.

It's usable for free for potentially everybody. Since Lykke is a (semi-decentralized) exchange it's required to run contests on Lykke and awards will also be in LKK (Lykke-Coins/Shares).

But Lykke charges no fees at all, also no trading-fees. By the way: Lykke is already a result of a contest (article from Dec 2015):

"To find the talents who will develop the Lykke platform, Olsen is hosting a global competition for the design of the architecture of the marketplace.

The Lykke Challenge is an open source code competition to build the fastest foreign exchange matching engine and settlement platform using the blockchain."
http://fintechnews.ch/blockchain_bitcoin/swiss-startup-lykke-seeks-disrupt-retail-trading-market-blockchain-tech/2060/

Business-model is (will be once it gets traction): Lykke will act as marketmaker.

Who wants to know more, this Q&A with Richard Olsen is very insightful:

A New Blockhain Platform. Q&A Richard Olsen, CEO at lykke
https://decentralize.today/a-new-blockhain-platform-q-a-richard-olsen-ceo-at-lykke-498af2964e8#.10g2aoqy3

Interview with Sergey Ivliev - who also introduces/explains Lykke-Streams:
https://www.youtube.com/watch?v=LFw1OgTwNnk

KenR

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「きみはこれ&#

Pretty Good.What's your business model? If I open a new contest or I'm a winner for a particular posted contest,how much is your share of the total winnings ?Although platforms as such are not a new thing but your service fees does actually make you stand out.People choose to use forums for contests and stuff since there is no middle party involved,meaning no extra spending.

tempus

legendary

Activity: 1960

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Quote from: Emerge on December 07, 2016, 12:45:56 PM

Collaboration platform or Contest platform? Why will you have a contest against people you're collaborating with..

It's both: A contest between those who participate and send in their proposals (Designer for example or Developer for the Atomic crosschain swap transactions etc.), but it's also about collaboration - for example:

"We will work with award winners to support their efforts through each phase. This could eventually lead to full-time employment or a franchise/profit-sharing model and can be taken to other cities."
https://streams.lykke.com/Project/ProjectDetails/0cd7a902927b4d2c96b0ac3e0928cf29

Or in general:

"If you have an idea for a project you think would be beneficial to Lykke, you can create it as an initiative. Registered members may then vote for a project. If a proposal gets enough votes and seems beneficial to the Lykke community, Lykke will sponsor it and provide award money."
https://streams.lykke.com/Home/Terms

It's also not only for Lykke. Everybody can use the platform to run contests to find skilled people for all kinds of projects.

Emerge

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