No longer believe in crypto hype?
Stress free and tradable
The token that manages the risk.
Words from the Short LyCI service token creator
“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
Frequently Asked Questions
What are the constituents of Short LyCI?
What is the difference between LyCI and Short LyCI?
What pairs are available?
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?
Can I sell it to Lykke or only to secondary market?
What are the fees?
What are the restrictions?
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.
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.