Blockchain Platform Lykke Warns of Apparent Clone Company, Ykke

Lykke, a Swiss Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term company founded by former OANDA CEO Richard Olsen, has just issued a warning to the public against a company that has appropriated the look and feel of the Lykke website, the Lykke logo, and other elements of its brand identity.

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"In the beginning of August we detected activity by a company called Ykke using the domain name www.ykke.io. The similarity of the design they used and their actions were noticed by Lykke’s business partners, customers and community members causing a lot of confusion and having the potential to cause a lot of damage for Lykke and its brand," says Sergey Ivliev, Lykke co-founder and COO. "By this statement we would like to warn our customers and ask them to be careful."

In addition, it appears that Ykke is engaged in raising funds through an initial coin offering for a digital token called a YKK. On its website can be found the following: "The main activity of Ykke is based on the crypto currency trading. We have gathered a professional team composed of traders, engineers and marketing experts. Having jointed efforts a new company was founded in January 2017. We offer a new quality level of service." This despite not giving any indication of who exactly this team is comprised of.

Additionally, the website promises guaranteed profits, which is always a red flag: "To accommodate the needs of Ykke clients we provide them with favorable conditions and the highest level of service. We assume the risks involved in trading and guarantee our investors a fixed daily profit. High level of BTC Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term allows us to perform fast and efficient operating. In addition, we have achieved the possibility to distribute profits without delays to our investors."

Lykke adds that it intends to pursue immediate legal action against Ykke for its infringement of registered trademarks.