ICO is coming: Lykke 2-year forward — are they serious?

12/12/2017

Overview by the team kript.io
What is Lykke 2-year forward: a ERC20-based market infrastructure.
Project: Lykke is an ecosystem with a decentralized real-time matching engine, partner apps, trading bridges, and payment networks.

The company was founded in 2013 by a Swiss trading specialist Richard Olsen. In 2015, Sergey Ivliev joined the project. The main product of Lykke — a global marketplace on a blockchain with an online wallet — Lykke Wallet created for storing and exchanging digital assets and cryptocurrencies. The major features: online onboarding, digital assets trading, private and cold wallets, and blockchain payments. The service doesn't take any commissions for trading and provides a direct ownership with a client private key.

An alpha trading brings liquidity, an annual targeted return of 15%, sharp ration 2.0 with a maximum drawdown of 20%. The platform offers configurable layouts, tax calculation, and bank backend integration.

Lykke already held an ICO in September 2016 with a special limited offer on 9 Feb-28 Feb selling Lykke 1-year coins. As of now, the company already opened many subsidiaries registered in Singapore, the U.S., Cyprus, Mexico, UK, and Switzerland.


Website: lkk2y.lykke.com

Analog: kraken, quoinex.

How they differ from the competitors: Lykke states that it will provide a tight spread due to the support of a trading algorithm — The Alpha Engine. These algorithmic models offer liquidity for trading in digital assets (Bitcoin, Ethereum, etc.), including liquid cryptocurrencies, network participation tokens (IOTA, BitShares, Waves), digital currencies (CHF, USD, EUR) and assets like shares of companies, debt instruments, futures, etc.

How they want to make money: fees, client collateral management, and internal treasury deals.

Market size: according to the Coinmarketcap, the capitalization of the market is $465,792,961,020 as of today.

What their token gives you: right to the holder to receive the base value of LKK token.

Token price: 1 LKK2Y = 0.21-0.25 CHF.

What will happen to tokens: they will issue 25 000 000 LKK2Y (Lykke 2-year Forward Token). Accepted currencies: USD, EUR, CHF, GBP, BTC, ETH.
How much they want to raise on ICO: up to 6 000 000 CHF.

Where the money will go:
95.3% — token investors
4.7% — reward program

Team: an international team from 24 countries. A CEO, Richard Olsen, was a co-founder of OANDA. He is also a visiting professor at the Centre for Computational Finance and Economic Agents at the University of Essex. Sergey Ivliev, responsible for operations, is a regional Director at PRMIA Russia. The Lykke team has also assembled leaders of the largest entities such as Barclays, Deutsche Bank, TD Bank, E*TRADE, Gain Capital, Oande and IBM Services.

Free tokens: they stopped a bounty program in order to ensure a proper distribution of tokens.

Communication: facebook, twitter, instagram, youtube, linkedin, reddit, telegram, herouapp.

Date of ICO:
December 12, 2017.
Information on the landing page: ★★★★☆
Disadvantages: the competition on the current market is robust. To be precise, there are 167 market infrastructures at the moment. And Lykke can't be described as the most liquid market even because of its popularity. The exchange is on the 67 place (as of 12.12.2017).
How clear is the project: ★★★★☆

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