Winning in the Crypto Bear Market? Lykke introduces Short LyCI, the first token to bet against the crypto market. Comments Off on Winning in the Crypto Bear Market? Lykke introduces Short LyCI, the first token to bet against the crypto market. 158

07 October 2019, Zug (Switzerland) – Lykke, the Swiss blockchain pioneer, launches Short LyCI, a new token designed to track the performance of the top 25 crypto projects and bet on their value falling in the future.

With the Crypto Market often experiencing long downward trends, many wonder how to “win” in the Crypto Bear Market. Short LyCI behaves as an “anti-index”. When the performance of the market is negative, Short LyCI profits. It lets holders cash in on the expectation of a declining crypto market while being diversified across the main market actors. Short LyCI is an ideal tool for those who wish to protect their funds against abrupt price drops like the one experienced on September 23, 2019.

According to Richard Olsen, Lykke’s founder and Oanda’s co-founder : “ShortLyCI is a simple investment product to manage risk and hedge exposure during downturns. It makes money when crypto markets drop. Cryptos are not a one way street and go up and down. ShortLyCI is a game changer for investors in the crypto space; so try it out for yourself!”.

Short LyCI utility token is the latest addition to Lykke’s existing LyCI product offering. Earlier this year Lykke launched the LyCI line, providing an easy way to invest in the blockchain market without the hassle of keeping track of its rapid changes and disruptions.

LyCI Services Tokens Offering:

Short LyCI bets against the Top 25 blockchain projects by market cap
LyCI tracks the Top 25 blockchain projects by market cap.
Smart LyCI tracks the top 10 blockchain projects working on improving how contractual agreements are
recorded and settled.
Pay LyCI tracks the top 10 cryptocurrencies that can be used to buy and sell goods and services.

All LyCI products are available for trading and settlement on Lykke Exchange. Prior to purchasing any of the LyCI tokens, clients have to pass KYC verification on Lykke Exchange and acknowledge the Terms and Conditions.

About Lykke

Lykke is an investment and financial product provider leveraging the power of the blockchain. The Swiss-based Lykke Exchange enables its users to buy, sell and store crypto currencies and all other digital assets securely and offers zero trading fees on nearly 100 assets classes including bitcoin, ethereum, Euros, US Dollar, Swiss francs, and many others. Lykke B2B Digital Solutions leverages its extensive financial engineering expertise to develop unique monetization solutions for its business customers.

Contact
Marina de Mattos
E. press@lykke.com
T. +41 76 227 41 63
www.Lykke.com

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. CryptoRadar.org does not endorse nor support this product/service. CryptoRadar.org is not responsible for or liable for any content, accuracy or quality within the press release.

Most Popular Topics

Editor Picks