Two New LyCI Added to Lykke – Making Blockchain Investments Easier

1 March 2019, Zug (Switzerland) - Lykke has extended its list of products designed to make the crypto market more accessible by unveiling the addition of two new Crypto indexes: Smart LyCI, Pay LyCI, and their accompanying service tokens.

Earlier this year, Lykke released its Crypto Index, LyCI and its associated Service Token. The index tracks the biggest 25 projects from the crypto and blockchain space according to market cap, which is rebalanced every minute. Users that purchase the LyCI Service Token are able to invest in the assets tracked by the index and can ask to have these assets delivered to them by this service. LyCI enables investors to easily access the entire Blockchain market without having to keep themselves updated with the rapid market changes constantly.

Even though LyCI tracks the entire Blockchain ecosystem and its development, the number of crypto projects that will have long-term success and large-scale implementations is considered to be rather limited. In order to confront this situation, Lykke has expanded its family of Crypto Indexes by adding LyCI Smart Contract, LyCI Pay and their associated service tokens, which gives users the ability to invest in the projects that they believe will be successful.

Smart LyCI was developed to track the top 10 blockchain projects that are working towards improving the process of recording and settling contractual agreements. A smart contract’s purpose is to settle an agreement between two or more parties remotely and eliminates the need for a legal or financial intermediary. As the terms of such contract are recorded on digital format on the blockchain, this makes the transactions traceable, transparent, and immutable.

Pay LyCI was developed to track the top 10 cryptocurrencies which can be used in acquiring or selling products and services. The prices of these cryptocurrencies can also fluctuate, just as they can with fiat currencies. Because of this, users can profit from accessing all these different currencies in one single place, benefiting from its diversity and appreciation potential.

Regarding the launch, the Founder and CEO of Lykke, Richard Olsen, said the following: “In the traditional finance industry, professional investors have been making a lot of money for a long time through index investing. We are introducing a wonderful opportunity for everyone to make money and get involved in the exciting emerging crypto space. Democratization of a previously closed and secretive industry is inevitable, and we are proud to be pioneering it”.

These recently launched products can be accessed first on Lykke Exchange – a web-based marketplace, where cryptocurrencies and traditional fiat currencies can be exchanged in a secure environment with no trading fees.

What is Lykke?

Lykke is an international company, headquartered in Switzerland, that aims to create a marketplace which enables the exchange of financial assets, free of cost and at a global level.

Lykke’s goal is to make finance accessible to all individuals by harnessing the decentralized nature of blockchain technology. By eradicating the limits imposed by markets, Lykke will allow all people around the world to have equal access to trading almost all assets through digitization.

Contact details

Marina de Mattos

E. [email protected]

T. +41 76 227 41 63

Bitcoin’s Tumbling Again: Now’s the Time to Change the Way You Invest

Important information: please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

After bitcoin’s price stabilized for two days around the $11.400 mark, bitcoin has started to drop on August 13, a day in which te crypto lost 6.6% of its value. On August 14 it lost another 6.3%, and on August 15 it hit a $9,542 bottom before moving back up. At the time of writing BTC is down a further 7.17% for the day, and 17.92% for the week.

Many investors have been waiting for a bitcoin rally since the end of June, when bitcoin hit its 2019 high of almost $14.000. Various prominent crypto investors have been claiming they’re absolutely sure bitcoin will hit new highs soon, offering sometimes unbelievable numbers.

The situation is worse for altcoins: Ether, XRP and LTC are down 11.33%, 7.74%, 11.88% respectively, 7-day performance shows double-digit decline in prices.

img 1.pngSource: Coin360

According to market analytics, such a decline could be related to the recovery of the Chinese yuan: when the Chinese fiat currency’s price dropped over US-China tensions, investors started to move their capital into crypto. When tensions between the countries started to mellow down, investors sold their bitcoin.

Bitcoin was rallying this year until U.S. regulators poured cold water on Facebook’s Libra, which made some investors uncertain. We maintain a positive outlook regarding bitcoin’s future as we’re sure it’ll hit new highs. But is just buying bitcoin and waiting for its price to rise the most effective way to invest in the short-term?

Investors who interested in quick profits can consider margin trading – a very effective way to make a profit on cryptocurrency price movements.

Bexplus: A Fast-Growing Trading Platform Offering 100x Leverage

Bexplus is an advanced bitcoin-based cryptocurrency exchange offering 100x leverage crypto futures trading. Margin trading allows traders to leverage their position up to 100x, be it long or short. Such high leverage and the ability to short bitcoin (or other cryptocurrencies like ETH, EOS, LTC, XRP, etc.) is a rare possibility not seen on the majority of crypto exchanges – with there being maybe a handful of legitimate providers.

With enough volume and activity in these markets, traders can actually use volatility to their advantage when combining it with high leverage to profit from relatively small but predictable price movements.

img 2.png

On Bexplus, you don’t need large amounts of BTC to gain big: thanks the ability to leverage 100x, investing 0.1 BTC can bring investors a 10 BTC profit. There’s also no need to wait for a big upward price movement: investors can open short (selling) or long (buying) positions.

Bexplus offers various advantages to its users: for example, now by making a deposit you can take advantage of a 100% deposit bonus. For example, when depositing 1 BTC you’ll get 2 BTC in total, which you can use for trading. Profits which earned with the bonus can be withdrawn.

Bexplus Wallet

Bexplus is not just a trading platform, it’s a lending service. Created especially for investors who don’t want to take high risks by trading with leverage, Bexplus Wallet offers investors one of the highest annual interest rates in the industry: depending on the amount of your deposit, you can get an annual percentage rate (APR) of up to 30%.

Its safe and you always can withdraw your assets at any time if you change your mind.

img 3.jpg

Start earning with Bexplus today!

Follow Bexplus on: