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Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2136. (Read 3074324 times)

legendary
Activity: 938
Merit: 1000
I have to admit LISK has one of the most best organized ICOs  Smiley
Well done team! The great number of participants reveal huge community and support, so bright future ahead of us.

The best part of the Lisk ICO is that the numbers are clearly available for anybody to see.

LISK ICO OVERVIEW:


As I write this at 13:30 UTC, Lisk has a market cap of $2.157M = 5114 BTC.  This market cap can be divided into the following assets:

3199 BTC (62.5%) - Actual BTC donated, to be used as a $1.35M cash development fund for future versions of Lisk
0789 BTC (15.4%) - Equivalent BTC from Crypti transfers, effective value of Crypti Version 0.5.5 code base used to launch Lisk
0360 BTC (07.0%) - Early participation bonuses, effectively an advertising expense to organize approximately 2000 people into initial Lisk users
0360 BTC (07.0%) - Set-aside for future bounties and consulting payments
0203 BTC (04.0%) - Founder reward for Max Kordek, Lisk CEO
0203 BTC (04.0%) - Founder reward for Oliver Beddows, Lisk CTO

Note that Max and Olivier didn't have to give out early participation bonuses, which are a free giveaway of almost as much Lisk as they kept for themselves.

Here's the BTC donations by day so far:

Day

1&2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
BTC

801.3
43.5
131.8
109.0
190.2
107.0
63.5
69.0
113.1
174.9
314.9
275.8
343.4
95.2
139.5
170.4

Follow the numbers here as they change over the rest of the Lisk ICO:

How Many Lisk You Will Receive For One Bitcoin (BTC)

https://docs.google.com/spreadsheets/d/1iOEdaRnBmSAO5miW7xYheeYUgo5wL9l9BONw6x21nQg/edit?usp=sharing

How Many Lisk You Will Receive For One Crypti (XCR)

https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit?usp=sharing

The Satoshi Price For One Lisk

https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit?usp=sharing

In previous pages there is a mention that this isnt a Crypti Bailout.

I have written two posts on this false idea that the Lisk ICO is a "Crypti bailout".  

https://bitcointalksearch.org/topic/m.14152101

https://bitcointalksearch.org/topic/m.14154777

Bottom line, BTC donors are not losing any money here regardless of what the Crypti donors do. You think I'm wrong about that, show me your math-based reasoning like I've shown you mine.

The people who are using Crypti to buy Lisk agree with Max and Olivier that the Crypti Foundation was not doing a very good job of pushing this JavaScript cheap microcomputer sidechain dapp technology forward.

Crypti stopped being coins and started being voting ballots once Lisk was announced.   If you are with Crypti and you want to stay with Crypti, do nothing.  If you are with Crypti and you want to go with Lisk, you convert your Crypti to Lisk.  The Crypti transfers are about voting, they are not about money.  Crypti donors have the same holdings value in Lisk as they did at Crypti - no more, no less.

Note the Crypti ICO raised exactly 750 BTC back in mid-2014, and the effective value being split among Crypti donors to Lisk is 789 BTC above.  The effective value of Crypti in Lisk is thus currently only 5% higher than the launch funding for Crypti almost two years ago.  So the Crypti folks certainly aren't seeing some huge boost in their fortunes as a result of moving over to Lisk!
sr. member
Activity: 360
Merit: 250
Token
So I'm trying to make a purchase of Lisk with Crypti and it says my account (which is funded) has no XCR, and your Crypti explorer shows my account with balance and transactions one moment and without any the next moment. What is going on? Why doesn't the site just give me a Crypti address to send to instead of having to use whatever daemon you are using that is having issues?
legendary
Activity: 2142
Merit: 1010
Newbie
What language is used to code Lisk smart contracts?
full member
Activity: 183
Merit: 100
Have just discovered Lisk. Looks interesting.
sr. member
Activity: 441
Merit: 250
Bigboss
How many BTC are collected for the ico ?

approx 3096.01006841 BTC

source: https://ico.lisk.io/

As far as I know BTER's BTC deposit/withdrawal works. It would be so nice if DEVs placed buy order at 1300 so people could take those BTC back into ICO exchange. Let them stuck on BTER, looks like they'll be useless soon anyway.
Bter is not a place where I would like to trade, I've removed my coins more than an year ago
Is it possible they dropped cold wallet into ICO hoping to make nice profit fast? In this case of cause all those orders will be processing for another two weeks.
legendary
Activity: 1232
Merit: 1000
★YoBit.Net★ 1400+ Coins Exchange
How many BTC are collected for the ico ?

approx 3096.01006841 BTC

source: https://ico.lisk.io/

As far as I know BTER's BTC deposit/withdrawal works. It would be so nice if DEVs placed buy order at 1300 so people could take those BTC back into ICO exchange. Let them stuck on BTER, looks like they'll be useless soon anyway.
Bter is not a place where I would like to trade, I've removed my coins more than an year ago
sr. member
Activity: 441
Merit: 250
Bigboss
How many BTC are collected for the ico ?

approx 3096.01006841 BTC

source: https://ico.lisk.io/

As far as I know BTER's BTC deposit/withdrawal works. It would be so nice if DEVs placed buy order at 1300 so people could take those BTC back into ICO exchange. Let them stuck on BTER, looks like they'll be useless soon anyway.
hero member
Activity: 560
Merit: 500
I saw this posted a few pages back:

Hmmm... looks like BTC investors in Lisk ICO, just bailed out all Crypti bag holders.

I posted this only three pages ago, but since you missed it, here it is again....

BTC investors are NOT bailing out XCR bag holders in this ICO!

THERE IS NOT A ONE-FOR-ONE EXCHANGE OF CRYPTI XCR FOR LISK.

XCR members joining Lisk are getting their donations capped at the fair market value (at Poloniex, for example) of 1300 satoshi per XCR.    You can see that by going to the "How many Lisk will I get for my XCR" spreadsheet link in my other post above on page 129.  At present, the number is 0.274 Lisk will be issued for every Crypti XCR donated, and that number continues to drop as more BTC shows up.  A Lisk is currently worth 4759 Satoshi.  If you trade in ONE Crypti XCR, you currently get 0.274 Lisk and your new Lisk holding is worth 0.274 * 4759 = 1300 satoshi (with minor roundoff error). 

Now look at the "How many Lisk will I get for my BTC" spreadsheet.  If you trade in ONE Bitcoin, you currently get 21,100 Lisk and your new Lisk holding is worth 21,100 * 4759 = 100,000,000 satoshi (with minor roundoff error), which is exactly 1 BTC.

As noted in my post above, so far there have been 773 BTC worth of XCR donated to Lisk at the fixed fair market rate of 1300 satoshi and 2900 actual BTC donated at the adjustable fair market rate of 4759 satoshi per Lisk and rising.   The 773 BTC donated by Crypti holders is the fair market value of all the currently existing Version 0.5.5 sidechain / dapp software that Lisk will use at launch.  The Version 0.5.5 sidechain / dapp software used to launch Lisk is NOT VAPORWARE and its use does not come to the new BTC donors for free.  Utilization of that software as a starting point is currently priced fairly at 773 BTC.  The BTC donations of 2900+ will be used as a cash development fund to IMPROVE THIS CODE BASE and create Lisk Version 0.5.6 and beyond.

To summarize, the value of XCR donations are are capped at 1300 satoshi per coin; the value of BTC donations are continuously adjusted upward to get the current Lisk satoshi value (currently 4759 and rising).  That capped vs. continuous adjustment factor is what keeps the XCR folks from being "bailed out" by the BTC donors!

XCR donators have created a solid sidechain / dapp code base foundation and the new BTC donators are providing funding to improve it.   XCR and BTC donors are not opponents here.  We are all members of the new Lisk team!



What I meant to say is that what IF Lisk holds almost all XCR after the ICO.

They give LISK to people who paid in XCR but what IF you can barely sell the XCR??

Then basically the fund is from the BTC which is actually sellable, XCR has almost no volume.

Then isnt it a buyout sort to speak.

Please prove me wrong I just want to get some clearance on this.
full member
Activity: 178
Merit: 100
LiskHQ CTO
I just noticed the version number you plan on using is 0.1.0. Why not 1.0? It's based on established and proven software, are you not confident it will be ready to go? 0.1.0 just sounds not confident.

The choice of version number is simply an indicator of our desire for a fresh start / new approach.

Although Lisk is a fork of Crypti, and right now the differences are few, this won't be the case forever.

Your confidence will likely increase in the number, when you actually see us deliver what we set out to achieve Smiley
newbie
Activity: 10
Merit: 0
legendary
Activity: 1904
Merit: 1063
How many BTC are collected for the ico ?
member
Activity: 812
Merit: 10
https://hovr.site/
First of all, I want to say I love the idea and will be definitely following this.

But there is 1 thing that is a bit unclear to me.


In previous pages there is a mention that this isnt a Crypti Bailout.


But over 60 mill XCR has already been raised and it barely has any volume, how will you sell it all if you own almost the entire supply of it?


60mill almost proves people lost fate in XCR and jump ship to Lisk, who will be buying XCr from you.



Thanks and good luck !

the fact is that who is using their XCR to take Lisk has some kind of advantage towards who is buying lisk in btc.
newbie
Activity: 10
Merit: 0
I accidentally bought a good bit of this today, and freaked out for a bit, but after checking it out more thoroughly I'm not really upset about it.  Should be interesting at least.  If you're wondering how someone accidentally purchases the wrong IPO of a coin....well I'm what's known as a "dumb" in clinical terms.  Sometimes inexplicable things just happen.  Will definitely see about getting some use out of this platform though seeing as how I'm already a JS dev to a degree, I cannot in any honesty say I'm a Solidarity dapp engineer so that's one point here vs. Ethereum. 
hero member
Activity: 933
Merit: 500
I saw this posted a few pages back:

Hmmm... looks like BTC investors in Lisk ICO, just bailed out all Crypti bag holders.

I posted this only three pages ago, but since you missed it, here it is again....

BTC investors are NOT bailing out XCR bag holders in this ICO!

THERE IS NOT A ONE-FOR-ONE EXCHANGE OF CRYPTI XCR FOR LISK.

XCR members joining Lisk are getting their donations capped at the fair market value (at Poloniex, for example) of 1300 satoshi per XCR.    You can see that by going to the "How many Lisk will I get for my XCR" spreadsheet link in my other post above on page 129.  At present, the number is 0.274 Lisk will be issued for every Crypti XCR donated, and that number continues to drop as more BTC shows up.  A Lisk is currently worth 4759 Satoshi.  If you trade in ONE Crypti XCR, you currently get 0.274 Lisk and your new Lisk holding is worth 0.274 * 4759 = 1300 satoshi (with minor roundoff error). 

Now look at the "How many Lisk will I get for my BTC" spreadsheet.  If you trade in ONE Bitcoin, you currently get 21,100 Lisk and your new Lisk holding is worth 21,100 * 4759 = 100,000,000 satoshi (with minor roundoff error), which is exactly 1 BTC.

As noted in my post above, so far there have been 773 BTC worth of XCR donated to Lisk at the fixed fair market rate of 1300 satoshi and 2900 actual BTC donated at the adjustable fair market rate of 4759 satoshi per Lisk and rising.   The 773 BTC donated by Crypti holders is the fair market value of all the currently existing Version 0.5.5 sidechain / dapp software that Lisk will use at launch.  The Version 0.5.5 sidechain / dapp software used to launch Lisk is NOT VAPORWARE and its use does not come to the new BTC donors for free.  Utilization of that software as a starting point is currently priced fairly at 773 BTC.  The BTC donations of 2900+ will be used as a cash development fund to IMPROVE THIS CODE BASE and create Lisk Version 0.5.6 and beyond.

To summarize, the value of XCR donations are are capped at 1300 satoshi per coin; the value of BTC donations are continuously adjusted upward to get the current Lisk satoshi value (currently 4759 and rising).  That capped vs. continuous adjustment factor is what keeps the XCR folks from being "bailed out" by the BTC donors!

XCR donators have created a solid sidechain / dapp code base foundation and the new BTC donators are providing funding to improve it.   XCR and BTC donors are not opponents here.  We are all members of the new Lisk team!

First of all, I want to say I love the idea and will be definitely following this.

But there is 1 thing that is a bit unclear to me.


In previous pages there is a mention that this isnt a Crypti Bailout.


But over 60 mill XCR has already been raised and it barely has any volume, how will you sell it all if you own almost the entire supply of it?


60mill almost proves people lost fate in XCR and jump ship to Lisk, who will be buying XCr from you.



Thanks and good luck !

hero member
Activity: 560
Merit: 500
First of all, I want to say I love the idea and will be definitely following this.

But there is 1 thing that is a bit unclear to me.


In previous pages there is a mention that this isnt a Crypti Bailout.


But over 60 mill XCR has already been raised and it barely has any volume, how will you sell it all if you own almost the entire supply of it?


60mill almost proves people lost fate in XCR and jump ship to Lisk, who will be buying XCr from you.



Thanks and good luck !
hero member
Activity: 546
Merit: 509
Decentralized Application Platform
I just noticed the version number you plan on using is 0.1.0. Why not 1.0? It's based on established and proven software, are you not confident it will be ready to go? 0.1.0 just sounds not confident.

It has nothing to do with being confident or not. Lisk is new software and it has to start with a version number. I will ask Oliver to give a statement to the 0.1.0 number. Smiley


@LiskHQ are you running any ads for the Chinese? It is is a huge market and it would be a shame to not get them on board Wink

We are in contact with someone from China. It has to be well coordinated. Something I learned at Crypti is, to not release every bit of news immediately. Better release the news in a package, this will create much more buzz. Wink
legendary
Activity: 938
Merit: 1000
I have to admit LISK has one of the most best organized ICOs  Smiley
Well done team! The great number of participants reveal huge community and support, so bright future ahead of us.

Organization gives easy access to the data.  

Currently Lisk market cap is over $2.13M, Lisk cash tech development fund is over $1.35M, Lisk price is at 5110 satoshi / 0.02 USD.

How Many Lisk You Will Receive For One Bitcoin (BTC)

https://docs.google.com/spreadsheets/d/1iOEdaRnBmSAO5miW7xYheeYUgo5wL9l9BONw6x21nQg/edit?usp=sharing

How Many Lisk You Will Receive For One Crypti (XCR)

https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit?usp=sharing

The Satoshi Price For One Lisk

https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit?usp=sharing
hero member
Activity: 933
Merit: 500
@LiskHQ are you running any ads for the Chinese? It is is a huge market and it would be a shame to not get them on board Wink

if we want Lisk to go to da moon, we need to get on the Chinese OKCoin and Huobi exchanges.  
Absolutely.
And that is another point where Ethereum is bad : the Chinese market.

Absolutely!
Ethereum penetration in Chinese exchanges is effectively zero.
If Lisk can be listed on Chinese exchanges before Ethereum, Lisk could very well leapfrog Ethereum in trading volume.


Daily ETHEREUM Volume in Millions of US Dollars Ranked by Exchange  

$M_USD

19.51
6.76
3.68
2.22
1.18
0.77
0.66
0.08
0.06
0.06
0.03
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
CURRENCY_PAIR

ETH/BTC
ETH/BTC
ETH/BTC
ETH/EUR
ETH/CNY
ETH/USD
ETH/BTC
ETH/USDT
ETH/BTC
ETH/EUR
ETH/BTC
ETH/BTC
ETH/GBP
ETH/BTC
ETH/BTC
ETH/CAD
ETH/CNY
ETH/BTC
ETH/BTC
ETH/GBP
ETH/BTC
ETH/USD
ETH/LTC
ETH/USD
ETH/RUR
ETH/BTC
ETH/DOGE
ETH/EUR
ETH/BTC
ETH/BTC
ETH/BTS
EXCHANGE

Poloniex
Kraken
Gatecoin
Kraken
Yunbi
Kraken
Bittrex
Poloniex
Livecoin
Gatecoin
Exmo
Bleutrade
Kraken
Yunbi
YoBit
Kraken
BTER
HitBTC
BTER
Bittylicious
C-CEX
YoBit
Bleutrade
C-CEX
YoBit
Coinsquare
Bleutrade
Bittylicious
Metaexchange
alcurEX
OpenLedger



If we're serious about getting Lisk on Chinese exchanges, we should get more Chinese investors to participate in this ICO in the 1st place.

How about we pledge some BTC to Lisk Country Ambassador in China to run a Lisk Ad campaign on Chinese Crypto forums during these last 10 days ?

Consequently... this ICO may raise twice more funds  Smiley


sr. member
Activity: 360
Merit: 250
Token
I just noticed the version number you plan on using is 0.1.0. Why not 1.0? It's based on established and proven software, are you not confident it will be ready to go? 0.1.0 just sounds not confident.
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