What does everyone think of Lykke? As both an investment and an exchange?
>>2369407
Good
>>2369407
I wanted to get in since $0.22... but I'm American. Anyway, I can get in? The app says they're working on it.
Their business model is retarded, literally open source program trying to compete as an exchange against serious platforms. The guy behind it is an ex-oanda co-founder, they plan to make money with forex trading. Do you know how retail exchanges make money with forex trading? People blow their accounts.
Right now you have to get into their dumb lykke app, spend 15mins signing up to their exchange which isn't even past legal hurdles in the U.S yet, then you can trade forex with your valuable cryptos which can go up 10%-15% within a day while the forex market will take your money.
There's no chance of it working at all. People in this space want cryptos, they don't want forex, and the lykke coin is just a stock representation of their business model working and their business model is stated on their page to only be profitable if people trade forex with crypto.
WAVES is doing forex too, but they aren't depending on forex trading alone for profit. Whether you like their shitty app or not, I don't see how any investor is going to read about cryptotrading, decide that's not for them and proceed to go into trading the fucking forex market with their cryptos when the reason they like forex in the first place is liquidity and volatility, which cryptocurrency has far more of both.