Lisk ICO Details
Learn all there is to know about the Lisk initial coin offering.
Lisk is a crypto-currency and decentralized application platform. As a crypto-currency, much like Bitcoin and other alternatives, it provides a decentralized payment system and digital money network. The...
Lisk is a crypto-currency and decentralized application platform. As a crypto-currency, much like Bitcoin and other alternatives, it provides a decentralized payment system and digital money network. The network itself, operates using a highly efficient Delegated-Proof-of-Stake (DPoS) consensus model, that is secured by 101 democratically elected delegates. The Lisk decentralized application platform, it's most powerful component, allows the deployment, distribution and monetisation of decentralized applications and custom blockchains (sidechains) onto the Lisk blockchain. The inflation rate is 5 LISK per block, which gets lowered by 1 every year until it reaches a stable block reward of 1 LISK per block.
Lisk partnered with Microsoft to integrate Lisk into its Azure Blockchain as a Service (BaaS) program — meaning developers worldwide can develop, test, and deploy Lisk blockchain applications using Microsoft's Azure cloud computing platform and infrastructure. Roadmap
- Max Kordek: President, Founder. (Twitter, LinkedIn);
- Oliver Beddows: Vice-President, Founder. (Twitter, LinkedIn);
- Guido Schmitz-Krummacher: Legal & Financials. (LinkedIn);
Lisk's ICO collected approximately 14,009 BTC and 80,742,575 XCR. Which placed the Lisk ICO as the second most successful crypto-currency crowd-fund at the time. There were 3908 unique participants with an average investment of 3.96BTC. The bonus structure was as follows:
- First week: 15% bonus
- Second week: 10% bonus
- Third week: 5% bonus
- Fourth week: 0% bonus
85% of tokens went to ICO investors, 8% to the LISK core team, 4% for LISK campaigns and bounties, 2% for advisors, partners and 3rd parties, 1% for early supporters.
Token Reserve Split (15%):
- 08% Lisk core team;
- 04% Lisk campaigns and bounties;
- 02% Advisors, partners and 3rd parties;
- 01% Early supporters;
Lisk ICO campaign featured bonus, bounties and escrow. BTC raised was sent to a 2-of-3 multi-signature Coinbase vault. That means the money can only be withdrawn if two of the three signees agree. The token is not minable.