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Blockchain firm Lykke launches 1-year forward offering

Swiss-based fintech firm Lykke that uses blockchain technology to build a global marketplace, has announced a special limited offer of 1 year Lykke forward offering.

The offer will run until 28 February 2017, during which investors can buy 1-year Lykke coins at 20% discount that are subject to holding the coins for 1-year. The blockchain company is aiming to sell 50 million coins in total. The type of Lykke coins are registered on blockchain and 100 coins entitle to one Lykke share.

“Genuine change in today’s financial services jungle can only be achieved through robust technology that serves the betterment of all, rather than just its gatekeepers. Lykke is committed to creating a means for anyone to conduct financial transactions and store their assets in secure digital blockchains, secured from any single authority or counterparty. Blockchain-powered crypto-currencies are actively demonstrating their superiority over the fiat-paper status-quo, for so long the bastion of big banks. Blockchain technology is here to show financial services as a sector that there is a better way, and there’s no turning back,” Demetrios Zamboglou, CBDO of Lykke, said in a statement, as reported by Merkle.

The issue price per each Lykke coin would be CHF 0.04 and the amount of capital to be raised is up to CHF 2 million. The contributions can be made in cash, the website stated.

Last September, Lykke announced the start of ICO campaign in a mission to build the future of markets. The ICO raised over CHF 1.1 million through the selling of 23,226,753 Lykke coins. The company is currently in talks with the FCA in order to receive an investment firm license for their multilateral trading facility.

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