Translate the page
Feel free to ask any questions, leave your comments, wishes and suggestions regarding the Google Translation at our Telegram Chat.
Like this video

Lykke

Trade Bitcoin, Ethereum, FX and Digital Assets

Lykke is building a global marketplace for the free exchange of financial assets. By leveraging the power of emerging technology, our platform eliminates market inefficiencies, promotes equal access from anywhere in the world, and supports the trade of any object of value. The Lykke Exchange is fast and secure. Richard Olsen, founder and CEO, is a distinguished pioneer in high frequency finance. He has been laying the conceptual foundations for Lykke for most of his professional life. The company was established in Switzerland and received initial seed funding in 2015. Company shares are issued as colored coins redeemable on the Lykke Exchange. Our software is open-source and non-proprietary.

3.0
1 0 expert ratings
Benchy 3.0
Experts
-
-
-
View rating distribution
Unknown
Token
LKK
Price
1 LKK = 0.05 CHF
Platform
Country
UK
More on ICO
Report

About Lykke

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.

Associated agencies

ICOgraph's logo
ICOgraph

Blockchain and ICO promotion on Telegram | #1 Telegram Services

Listing.Help's logo
Listing.Help

Listing projects on crypto Exchanges

Bookmark
ICO KYC Report
Not conducted yet
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
Missing or incorrect data? Let us know.

ICOs that might interest you

Cloudbric

We are a trusted enterprise level security vendor with various awards & thousands of us...

Starts in 10 days 19 hours

XAYA

XAYA is a platform where games can run serverless and unstoppable on the blockchain wit...

19 days 10 hours left

qiibee

We help brands run their loyalty programs on the blockchain.

Starts in 12 hours

ICOVO

ICOVO is the world’s first and only ICO platform that can actualize healthy ICOs. The...

Starts in 12 hours
Join our Official ICObench group on Telegram Official ICObench Telegram group

Cookies help us deliver our services. By using our services, you agree to our use of cookies.

Learn more Got it