Whats the purpose of this token other than a quick snatch of ur cash? What party issues them? Does it come from devs or their relatives or someone else? Could it be though of as a third-party initiative and if thats the case what happens with these preliminary tokens after the official platform launch? Will there be a swap to lisk mainnet tokens? Unless they had wanted to rekt their own investors they wouldnt have started off this pre-exist-closed-alpha launch on yobit knowing its the most stinkiest gypsy shithole across all exchanges. Do lisk shareholders automatically get credited pre-tokens? How is the price of it pegged to the main token?
https://blog.lisk.io/official-statement-on-yobit-lisk-iou-token-trading-cca8e7e52a72#.jihgy1c85There is no purpose other than for yobit to quickly snatch BTC from ignorant people. And they become a more well-known exchange in the process.
If Lisk IOU on yobit follows the same price pattern as Ethercoin IOU, then real Lisk price would have a floor of about 0.004 BTC on mainnet launch.
Ethereum had a price floor of about 20% of the highest price that Ethercoin IOU traded at prior to launch.
This is informative. Whoever wrote this on their blog is schmuck.
...
"According to YoBit, if you buy these IOU tokens,
they will be swapped for real LISK once the mainnet is official launched.Let us make this clear:
YoBit, nor anyone else, has access to LISK at this moment!As it is, they have used their exchange status to adopt a very early trading opportunity. In response to this, we want to make it clear for the crypto community that
the Lisk team does not endorse or appreciate early IOU Token trading on the YoBit exchange or any other exchange."
...
Either he/she/it is lying through their teeth or yobit is wrapped up and is soon to close. IOU means they owe users a token, real one, where the word 'real' underpins the token being real as diametrically opposite to thin air theyre selling. They took the obligation binding on them that they'll be funding the swap. If not honored this way exchange closure will be probable then. Unless they might reckon that the lisk launch will be a failure, and scoop up cheap mainnet tokens to shortly throwing them into swap for prepumped iou shit. Get profited and delist the fuck outta it. What exchange was the first to offer ETC IOU? Bittrex, I take it. Have they done it in yobit style or ETH crew has been informed about what bittrex is doing.
Liskcoin to the moon
