Lykke ICO Review & Details (LKK)

In our Lykke ICO Review (LKK) you can find all the information you need to know about this Initial Coin Offering: Lykke ICO Start & End, Lykke ICO Price, Whitepaper, LKK Team, Soft & Hard Cap, accepted currencies & more.

More Details About ICO

ICO NameLykke
SymbolLKK
Start DateTBA
End DateTBA
CountryUK
PlatformN/A
ICO Time
Unknown
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Lykke Corp is a FinTech company based in Zurich that has launched the first global marketplace for all asset classes and instruments, using the Colored Coin protocol on blockchain. The paper explains the architecture of the exchange and first use cases. We discuss how the exchange will evolve over time. We explore the macroeconomic benefits of the new distributed ledger technology (DLT). The Lykke exchange operates similar to JAVA in the sense that it is compatible with any type of blockchain; marketplace was first developed on blockchain of Bitcoin, but is currently being expanded to Ethereum.

Every financial instrument can become a listed security on the blockchain in the form of a digital token, through the so-called Colored Coin protocol. Colored coins follow the idea of ''coloring'' a specific Bitcoin - the issuer guarantees to hand out the underlying assets to the person, who returns the colored coin. For example, the Federal Reserve (FED) can issue a colored coin in the same way as it prints paper money; it would take a fraction of a Bitcoin and then insert the ''I Owe You'' statement of the FED, like a regular bank note. The same mechanism can be used for any other financial claim. Colored coins are different in nature than cryptocurrencies, because they have a specific issuer and are backed by a real financial asset.

Reporting of colored coins in traditional banking software systems, such as bookkeeping and risk management is straightforward, because every colored coin can include an International Securities Identification Number (ISIN), thus can be treated as any other financial instrument, fully compatible with existing back-office systems. Financial institutions can create colored coins for existing financial products and gradually move business processes to blockchain. They can operate the old and the new systems in parallel and switch over to the new system at their own pace. In the new system, interest rate payments are second by second, improving liquidity provision.

Lykke has launched the exchange initially for the main currencies, the Lykke coin (shares of Lykke) and started two innovative projects: colored coins for music rights and colored coins for CO2 certificates. Perspective asset classes include futures & options on digital assets, crowdfunded loans for retail and private equity financing for Small and Medium-Sized Enterprises (SME), contracts for difference, zero coupon bonds and other fixed income, natural capital bonds and more.

Lykke Exchange and all its tools and services are open source; the transparency of technology is ideal forresearch. The paper provides a high level overview of the DLT, exchange architecture and reports on initial experiences. The paper concludes with a research agenda and technological roadmap.

B2B projects
Product Innovation
Products & Operations

Great event last night for the presentation of the #OpenVASP initiative, thank you to the speakers, to @CV_Labs for the venue and to the many of you who attended!

Next CVA event ➡️ https://t.co/l0u7TEuUFi

4

The most actively traded #crypto assets at Lykke Exchange this past week have been:

$ETH, $XRP, $LTC, $BCH, $SLR, $ETC.

#cryptocurrency #trading

What Are The Best Cities In The World Where I Can Spend My #Crypto? By Lykke
https://t.co/vYM6LfGtBo #cryptocurrency #cryptomassadoption

Full room for the #OpenVASP presentation with @BitcoinSuisseAG, @lykke, @sygnumofficial, @WeAreSEBA, @MME_Switzerland, @Avaloq
- event supported by @thecryptovalley at @CV_Labs
https://t.co/Zjxrx458BO

4

Lykke's Cameron Fletcher is commenting on the technical and compliance side of the #OpenVASP initiative. It consists in creating a fully operational solution to implement the "travel rule" of transaction traceability also applicable to "VASPs". @CV_Labs

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Price1 LKK = 0.05 CHF Sale30,000,000 Payment ModeN/A
Minimum InvestmentN/A DistributionN/A RaisedN/A
Soft CapN/A Hard CapN/A


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