The token that allows you to make money when everybody is losing.
The token that allows you to make money when everybody is losing.
The token that allows you to make money when everybody is losing.

No longer believe in crypto hype?

Put your token where your mouth is. You can now make money when the crypto market falls.

Stress free and tradable

an ERC20 token designed for the bear crypto market

The token that manages the risk.

Limit your losses without the need to handle the complex sell-buyback of traditional short positions.

Words from the Short LyCI service token creator

Dr. Vladimir Petrov

“We all dream of infinite growth. Unfortunately, the brutal laws of the financial world do not allow it. This is why we created anti- crypto-index, Short LyCI: to give everyone the possibility to gain even when the market is falling down. ”

Information on Short LyCI

Ticker

BEAR

Fees

3.45% p.a

Current Pairs

BEAR/USD

How to Get Started?

Please consider the Restricted Jurisdictions under the Terms of Service.

Register an account from the Lykke app or web platform.

Get your account verified.

Deposit some cash via credit card or bank transfer.

Trade the currency deposited for USD.

Frequently Asked Questions

What are the constituents of Short LyCI?

Short LyCI service token — like LyCI service token is composed of the top 25 cryptos. The coins that are delivered by the service can be found on the LyCI webpage.

What is the difference between LyCI and Short LyCI?

One can think about LyCI and Short LyCI as about anti products: they follow the same index, but evolve in different directions. That is, 1% decrease of LyCI results in 1% increase of Short LyCI.

What pairs are available?

BEAR/USD

Why is Short LyCI called short?

Our Short LyCI Service Token is a special form of an index tracker which gains in value when the price of the underlying instrument (LyCI Index) declines – and vice versa. This kind of a tracker is suitable for investors who anticipate falling prices and therefore want to «go short ». That is where the name Short LyCI arises from.

What is shorting assets?

When a person engages in a practice known as short selling, also called shorting, he or she borrows assets from an existing owner, sells those assets at the current market price, and pockets the cash. In case of Short LyCI, the analogous effect can be achieved without the actual borrowing: the asset rises in value when the corresponding Lykke Crypto Index (LyCI) decreases.

How does short LyCI track the market?

The Lykke Crypto Index (LyCI) tracks the return of a basket of the 25 cryptocurrencies with the highest market capitalisation. The contribution (weight) of each cryptocurrency is determined by its current market capitalisation.

LyCI Service Token as well as Short LyCI Service Token track the performance of the above mentioned index just in opposite directions.
While LyCI Service Token evolves with the market, Short LyCI Service Token evolves against the market.

Where can I purchase Short LyCI?

At the moment, you may only purchase Short LyCI in the Lykke Exchange

Can I sell it to Lykke or only to secondary market?

You may only sell shortLyCI to secondary market.

What are the fees?

3.45% per year service fee is deducted from the basket value upon settlement.

What are the restrictions?

Please see Short LyCI’s Terms of Service for more information.

Will Lykke be acting as a broker? What is a broker?

No, Lykke is not acting as a broker. A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Instead, Lykke provides clients with a service to get the delivery of all constituents composing the service token.

Is it an instrument to protect ones funds in case the crypto market is going down?

Short LyCI gives the investor the possibility to make profit of a falling crypto marked. One should be aware that Short LyCI is a product which does not fully protect investor’s funds since there is still a risk attached to the product.

About Lykke

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.