21 March 2019, Zug
(Switzerland) – Lykke launches two new Crypto indexes: Smart LyCI, Pay LyCI and their
associated service tokens, growing its series of
products aiming to provide a simple path to the crypto market.
Earlier this year,
Lykke launched its Crypto Index, LyCI, which tracks the Top 25 blockchain
projects by market cap – rebalanced minute by minute – and its associated
Service Token. When buying the LyCI Service Token, users invest in the assets
tracked by LyCI and can request at any time the delivery service of the
underlying assets. LyCI offers an easy way to invest in the Blockchain market
as a whole without the hassle of keeping track of its rapid changes.
While LyCI tracks the
success of whole Blockchain ecosystem, many believe that only a handful
applications of blockchain technology will be successful in the long run and
have the potential to change our lives. To address this reality, Lykke is
growing the LyCI family and launched LyCI Smart Contract, LyCI Pay and their
associated service tokens, allowing you to invest only in the blockchain
projects that matter to you.
Smart LyCI tracks the top 10
blockchain projects working on improving how contractual agreements are
recorded and settled. Smart contracts aim to facilitate agreements to be
carried out among two or more parties remotely, without the need for a legal
system, lawyers or courts. They render transactions traceable, transparent, and
irreversible by recording the terms digitally on the blockchain.
Pay LyCI tracks the top 10
cryptocurrencies that can be used to buy and sell goods and services. Similar
to traditional currency, the value of these cryptocurrencies may rise or fall.
As a result, users can benefit hugely from exposure and access to a single
weighted collection of these different currencies, so that you have all the
benefits of diversification and upside of growth potential.
Founder and CEO of Lykke, said: “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 new products are first available over the Lykke Exchange – an
online global marketplace where users can exchange cryptocurrencies and
traditional fiat currencies on a secure platform with 0% trading fees.
is an international, Swiss-based company building a global marketplace for the
free exchange of financial assets.
mission is to democratize finance by leveraging the power of the blockchain.
Eliminating market barriers, Lykke will provide and promote equal access from
anywhere in the world to the digitization and trade of virtually any asset of
Marina de Mattos
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