Lykke strives to create a global marketplace which will grant equal access to everyone. It issues shares as Lykke coins or LKK on the blockchain. Lykke Corp is registered in Switzerland. It has subsidiaries in Cyprus, Vanuatu and London.
Lykke history can be traced back to 1985 when the CEO and founder Olsen had formed Olsen & Associates. In 1995, this company had organized the first finance conference and the following year, Olsen co-founded a spin-off of his company called the OANDA. This company introduced a successful currency converter. Richard continued to be passionate about bringing about changes in the finance world and establish a seamless marketplace.
The LKK or Lykke coin is basically a cryptographic token which shows ownership of the Lykke. This is not any currency and there is mining; so, no exchanges can accept the LKK. A hundred LKK will stand for a share of the Lykke Corp.
Almost all financial institutions may be ranked on the Lykke blockchain as colored coin tokens. The colored coins will act like digital equivalents of real assets. Holders of the colored coins can use these to sell and buy assets. The coins will be connected to the one that offers and what is interesting is that they are digital units of that real asset. So, a colored coin may be a single ounce of gold. The coin holders will show their ownership of that coin by attaching their signatures to these. In this way, Lykke has so far launched two kinds of colored coins namely for the CO2 certificates and music rights. Those owning colored coins for any music title will have rights to it and they may also earn money through it. So, the Lykke is essentially a platform for value exchanges where anything that is traded is also valued.
Colored Coin Protocol will also have a security attribute for global trade. Trading platform is based upon the Ethereum and Bitcoin blockchain. And all the platform processes are linked to Matching Engine. The blockchains will adjust trading in the colored coins to sync with the real asset market values. It is the interface between the market and wallet holder.
Lykke goes beyond a conventional securities business. It is expected that many assets will be digitalized in future. Whether it is music IP rights or real estate or project finances or community coins, users will be able to trade everything. Lykke will make money by offering issuance services, consulting and liquidity. Fees for their mobile wallet apps are zero. It relies on open source software which promotes transparency. It lets people all over the globe to contribute. So, Lykke hopes to create a marketplace for integrating the market with the current financial system seamlessly. The blockchain technology will guarantee that this platform is able to function in a decentralized way, securely and with full transparency.
Born in 2008, with the bitcoin being the first open-source and widely popular cryptocurrency, the fad associated with them seems to have died down. Th
Dash is a new breed of cryptocurrency, which is a promising alternative coin (also called altcoin) to Bitcoin. In this article, we’ll deal with a br
Mark Cuban June-05-2018
On 29th April 2018, UNICEF Australia proclaimed an initiative which allows a user to hand over his o
There was a time when 10,000 BTC coins would buy 2 pizzas. This was around 8 years back. Now, one
In its past reports, CCN made a note that the 8,200 USD resistance level seems to be a crucial st
Tony Scott May-16-2018
In a meeting with CNBC this Monday, i.e. 14th May, a top-rated policymaker of the US spoke in sup
Jeremy Liew May-08-2018
Sergey Brin, the co-founder of Google says Ethereum mining has assumed an important part in the curr
Tony Scott May-07-2018
The Bitcoin blockchain left its mark in April with the 17 millionth Bitcoin being mined. In case you
Tony Scott May-05-2018
Bitcoin and Ethereum are two world-renowned cryptocurrencies that have led the crypto market and sur
Jeremy Liew May-04-2018
Today, digital currencies are doing kind of things that investors and Wall Street have never seen be
After long, the world’s most popular cryptocurrency, Bitcoin seems to come back. The &lsquo