Lykke Corp completes public offering of equity tokens in oversubscribed funding round
Lykke, a Swiss Fintech company building a global blockchain-powered marketplace, recently completed a three-week public offering of a deliverable 1-year forward equity contract. The offer, which was oversubscribed, garnered 2 million CHF for the company and added more than 340 new investors.
In September of 2016, Lykke raised over 1.16 million CHF in its initial coin crowdsale. The tokens, traded under the symbol LKK, are available on the Lykke platform issued as “colored coins” on the bitcoin blockchain.
The new token is a special kind of forward contract that is bought and sold on the Lykke exchange. Called LKK1Y, it entitles the owner to convert to the Lykke equity coins after a waiting period of one year. (Technically - you may trigger the delivery at any time, and you will receive the normal LKK tokens in your wallet 365 days later).
Currently, the price of the public LKK tokens is trading around 0.047 CHF. The LKK1Y “forward coin” is offered at a fixed price of 0.04 CHF - roughly a 15% percent discount for buying today and holding for at least one year. After a three-week settlement period, these forward contracts will be tradable on the Lykke platform.
“This is a huge validation for our project, our people, and our company,” said Richard Olsen, CEO of Lykke. “I’m thrilled that so many people are supporting us. We are now able to continue with our various license applications and improving our ecosystem.” Lykke is currently working on a number of new features and products to add to its trading platform.
Questions about this offering or Lykke in general may be addressed to firstname.lastname@example.org.
Is Crypto-Driven Digital Marketing the Future?
One emerging digital marketing trend is “crypto-driven” or “blockchain-based” digital marketing. This new approach uses blockchain technology to create more effective and innovative marketing campaigns. In this way, crypto-driven marketing can be seen as an evolution from traditional digital marketing.
Crypto regulation and where Lykke is going
Nataliya Prysyazhnyuk, Attorney–at–Law, LLM (General Counsel at Lykke) asks 10 questions our users often ask Dr Martin Hess, Attorney–at–Law (External Counsel to Lykke)
Lykke In Reviews
According to TechRepublic, 78% of customers browse the internet either always or regularly before opening checkout, signing up for trials, downloading apps, etc. Based on reviews and testimonials, you can get a clearer image of whether a company behind a product or service you would want to start using is trustworthy and reliable or not.
Crypto Market Cycle – What Is It, How to Interpret It, and Where Do We Stand Right Now?
Starting from the beginning of 2022, the crypto market has been going through the fifth historical bear season and experiencing major losses.
How Can You Apply Your SEO Knowledge to Beat the Stock Market?
You can profit from applying SEO (search engine optimization) to your financial activities in many ways. In fact, one of the best uses of SEO is to guide your stock-market investments.