People of the Lisk community,
In the list you can see the crowdfunding for Lisk Dapp, The think that will determine the value of Lisk will be the adaption and the usage of the coin but thats obvious, im looking to start this crowdfunding platform so we can help dev's to push there Dapp through.
Although im not rich and cant fund this all myself and i dont wanna start a crowdfunding for a crowdfunding platform.
Thats why im going to try and manage 2 Delegates (and dont think i do that cause im greedy) its 100% to support the community.
And i hope the community can help this succeed by voting on those delegates and i was just wondering what all of your views
are on this?
Would you like the idea and help me with gathering votes reply on this and maybe we can even find better ideas on how to make this
work all togheter "dont forget its a community we need to form"!
Just let me know
.
Kind Regards
Nick
Sure I would like to know what we get out of it though. A prediction market like AUGUR would really kick ass at the moment because of all the hype about it. REP is now getting sold for 0.02. If we can create something around LISK too that would be immense. We already have the edge over ETHER so I think jump on to the prediction soon.
What I was wanting to know is if we crowd fund and launch these will they come with another coin that will be utilised with the DAPPS and the investors see some of these coins? Otherwise we are paying for something that will benefit us but also benefit others and we have no advantage to fund it..
I think to say what will be into it for the investors will be hard to say cause every Dapp can have its own functionality, if it something that helps the community but doesnt generate a profit we cant expect to get anything back except usage and increase in coin value. In those cases the amount gathered will be minimal but maybe enough for 1 developer to make its Dapp.
If its a decentralized prediction market like augur we can even do something like a 0,2% Fee like many exchanges does and let it be split over the investors from the project but then the crowdfunding platform will have much more responsibility. But all is possible im just aiming here to see if there is any interrest for it
.
Also i think this crowdfunding platform can be the start of developers working togheter with a small funds, think about Colony for Ethereum but then more community based.
Because beside the developers of the "core code" it would be nice to generate some funds for a team to work togheter on Lisk and with
Delegate proof of stake this is a great way to start this all.
I will post this also on the Forum later today
And this is just a concept idea and need to be completed and figured out into details
Great suggestions! I have added the option to issue a custom token as shares to the Delegate Profit Sharing Dapp concept at
https://forum.lisk.io/viewtopic.php?f=8&t=27 . Below is the decription of the Dapp for reference:
Summary:The Lisk API has the ability for a delegate to see which accounts voted for him. This, along with the new Lisk forging rewards, opens up the possibility for delegates to do profit sharing with those who vote for him. What I have in mind is how I originally thought DPoS would operate with Bitshares and should have run with Crypti. I would like to offer to split the delegate earnings with the people who vote for my delegates based on how much they have in the Lisk accounts they vote from on a running basis and how much they dilute their votes by voting for other delegates. So this would be truly a PoS type system where stake holders receive a return on their holdings with a portion going to the delegates they choose to represent them. This will also incentivize people to hold Lisk since it can offer them a return.
Dapp Features:- List votes received from accounts with current account balances or %approval rating, fraction of total votes made by account.
- auto distribution of percentage of forging rewards at set blockcount interval to accounts voting for delegate based on portion of total approval rating received fromindividual accounts and fraction of total votes made by that account.
- ability to set percentage paid to votors.
- option to dynamically adjust rate based on revenue and Lisk/BTC price, i.e. percentage of portion retained by delegate is cut in half when earnings quadruple, able to set parameters "half" and "quadruple" with user selected amounts.
- option to whitelist other delegates owned by operator to exclude from vote dilution penalty in distribution calculation in item 2 above.
- generate ledger of accounts of voters with vote histories at block cycle intervals
- distribute a custom token according to ledger as an alternative to distribution of Lisk
- set the distribution of the custom token according to a formula with parameters like time of vote, dilution of vote, and amount of vote.
With these added features, Lisk stakeholders can gain a stake in dapps funded with delegate earnings.
