Linkey (LKY)

Linkey (LKY) -
Blockchain Bank

Linkey is an investing service platform for digital assets, or in simpler words, an non regulated, under supervised Blockchain World Bank...

Basic Intro

Name (Ticker)
Linkey (LKY)
Price (USD)
$0.323613978186
Rank
353
Active Supply
50.0 million
Total Supply
50.0 million
Volume (24H)
0
Marketcap
16.2 million
Fun Name
Blockchain Bank
Categories
Meta Tags
Website Links
Block Explorer

Graph

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Pros

  • Secure funds

Cons

  • No backing (asset, profits, commodity)
  • Long time till final product
  • Listed on limited exchanges

Review

Linkey is an investments service platform for digital assets, or in simpler words, an unregulated, under supervised Blockchain World Bank.

Linkey is based on a public chain and a community backs the project thus ensuring convenient asset management services in a secure, unregulated environment.

  • The problems Linkey solves
  • A decentralized digital assets platform
  • A promise of returns
  • An insurance fund

Blockchain is hardly a “new” technology nowadays. It has grown since the initial hype surrounding Bitcoin a few years ago to such a scale that only the lazy haven’t tried utilizing it in one way or the other. It is even reported that there are currently over 90,000 blockchain-based projects out there and the number is growing by the hour.

That being said, a hype train is barely a fitting foundation for a rising vertical of business solutions. When it comes to the strategic elements of operations the technology is still in its infancy. Uncertainty, close to gambling odds for a successful investment and the rising number of ICO scammers are only making the situation worse for everyone involved.

Linkey aims at solving such challenges as the overblown risks of investment, poor general awareness of the players, high costs and fees for traders, etc. by creating a unified investment channel for digital assets.

The very common pain of any and all traditional financial institutions is that they fall under a centralized rule of a single authority whether it is a board of directors or the government of a country. This leads to potential losses in interest for many investors. Then there are the third=parties escrowing private funds for a commission that decreases ROI even further.

Luckily, it never happens in the Blockchain. And Linkey chose to capitalize on this fact.

There hasn’t been a platform, an exchange or a wallet that promised an actual return on investment for fund holders before. Everything we had at our disposal was the difference in coin prices and the “gamble” on exchanges.

Linkey chooses to step into this game by removing the luck factor whatsoever. How?

The coins one keeps on the platform are managed by a community that acts as a traditional bank would. It absorbs the idle coins at its disposal and offers loans to the interested parties. Loans can be taken internally with Linkey’s own currency or the funds can be exchanged into ETH.

This works – at least on paper it does – due to the fact that professional investors are operating with large volumes of the coin that bring in more returns by default. The income is the returned to investors as interest with a smaller portion of it remaining in the network to serve as both reserve and operational funds for Linkey.

Linkey has designed an insurance fund to secure the investments of people who trust the platform with their own digital assets. Available options include, but are not limited to:

  • Personal insurance
  • Credit guarantee
  • Liability insurance
  • Property insurance

Linkey has an amazing concept that sounds great on paper, and yet it is not backed up by any evolutionary technologies. Linkey doesn’t rely on their own know-how, but rather a fruitful partnership with other large financial institutions that are, by all means, interested in making a profit for themselves and hence for the network, but make the entire project dependent on SEC regulations. Is Linkey ready to meet them?

Conclusion

According to the project’s roadmap, the final product will be released to us in 2020. We still have the time to wait and see if it will come out on top or not, thus we suggest doing exactly that. You know what they say – better safe than sorry.

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