how much did you collect during the ICO until today?
and why do you think that this topic is so without discussion?
Hey! Thanks for the question. I was actually just going to post about this, so it came at a perfect time. MADANA hasn't had an ICO yet. That will come no earlier than January 1st, 2019. Right now we are just over halfway through the Public Pre-Sale. Up until this point, approximately 9 million tokens have been sold, including the seed round. There is plenty of activity in the MADANA Telegram channel, as well as interactions amongst the Lisk community. Largely, I speculate there has been a mass exodus out of crypto in the last few months due to market conditions, but as we all know, when the next hype cycle comes in, the interest will regain traction. MADANA is building a great product that I feel is important to anyone who uses a computer, or does any business with companies that use their information online. Privacy is valuable, and MADANA is the only project I know of to be able to process data in a decentralized way, all while maintaining complete privacy in a permissionless environment. The strong will survive. The MADANA team are crypto veterans with a solid business plan. Read the Tokenomics paper and you will understand what I'm talking about. This is not financial advice, but I really just feel strongly about this project, and that's why I pursued becoming an ambassador. If you have questions, concerns or anything else, feel free to drop them below and I'll do my best to get you an answer.  |
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From the Article by Max Kordek, CEO of Lisk:
https://medium.com/@MaxKordek/announcing-second-round-of-investment-in-madana-19c63202ab2
Announcing Second Round of Investment in MADANA
At the beginning of 2018, I have announced that MADANA is receiving the first investment of 200,000€ from The Pioneer’s Vault for committing to build a blockchain application on the future Lisk platform. On September 1st, they have successfully launched their pre-sale after completing a variety of business and technological milestones. Therefore, The Pioneer’s Vault is ready to announce its second investment of another 120,000€ in MADANA.
A summary about the project
MADANA stands for Market for Data Analysis and enables individuals to participate in their personal data market, while simultaneously preserving their privacy. Its ecosystem incorporates a token known as PAX. It can be used to buy data analysis results from MADANA’s decentralized information pool while at the same time rewarding data producers. Learn more about MADANA in my first blog post and on their official website.
Why the follow-up investment
Successful and legitimate blockchain applications will make the foundations of the future Lisk ecosystem. Without them, Lisk won’t have a reason to exist. During this crucial time of the network’s development, it’s important for the Foundation, community, and myself to support quality projects as much as we can. After partnering up with industry giants like Capgemini, research-heavy technical universities like RWTH Aachen or important associations like Stiftung Datenschutz (Data Privacy Foundation), MADANA has proved to represent this quality.
Aside from securing high quality partnerships, they can boast one of the first completely approved pre-sales in Germany, being patent pending and by publishing a 59 pages long technical white paper, while building up a team of 15 contributors in total. Their combined experience shows that they understand legal, business and technical factors that will ensure MADANA’s success.
All these achievements in such a short period of time convinced me to keep supporting this future sidechain project with a follow-up investment. That sums up the total investment by The Pioneer’s Vault to 320,000€.
It’s up to the Lisk Community
Promising and revolutionary blockchain applications will ensure Lisk’s success. Let’s all support a decentralized future built in our ecosystem by contributing to solid projects with unique visions. MADANA has shown us that they are the first to the game and ready to build something impactful on top of Lisk.
Best regards,
Max Kordek |
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What was the reason for the choice to create your own blockchain? Surely none of the existing does not meet the requirements?
Thanks for the question! MADANA is not creating "its own" blockchain, but will be one of the very first sidechains built on the Lisk Blockchain. Rather than take the time to develop their own blockchain, MADANA opted to build on the "tried-and-true" Lisk network so that they could focus on building the best Market for Data Analysis in the world, but using patented technology to buy, sell, and process data without risk of customers' and businesses' sensitive data being compromised. It is Data Processing 2.0. Thanks for your interest! -William MADANA Ambassador Thank you, William, for an answer. A quick Google search gave me information that Lisk blockchain is about applications in JavaScript... I first time learned about it thanks to your project... Exactly! JavaScript is the most widely used and popular development language in the world, which makes Lisk the "go-to" blockchain solution for those developers who would like to code in their favorite language JS! MADANA is a huge fan of Lisk, obviously, so that it was probably an easy decision for them to choose Lisk as the platform to develop the MADANA project on. |
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Yesterday we presented our project to the #London blockchain community at the #Lisk meet up. Huge thanks to all of the attendees for showing up at the beautiful @RocketSpace campus. #MADANAshow2018 Look at that GORGEOUS Lisk emblem as well. #MADANA #LiskEcosystem #PAX #BigData #DenisNailedIt
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Lisk/MADANA Meetup in London is going incredible! Here's a few shots from John Muck AKA Lisk Highlights from the event..
"Max Kordek on stage at the Lisk London meetup tonight laying out his next steps."
"Denis, head of marketing for MADANA, having the hard task of following Max and pulling it off in style. MADANA looks to be a game changer"
Thanks John!! Follow MADANA and the unofficial (but officially awesome) Lisk Highlights on Twitter for regular updates on the MADANA Platform!
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From Eugen, MADANA Community Manager concerning Pre-Sale:
Again a mild reminder that you all should keep an eye out for an onboarding email we have send you if you tried to go through our whitelisting process.
We have a new email that will contact you from now on in this regard, it is: fractalblockchain@external.madana.io
Please also check your spam folders.
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Our Roadshow continues! @Lisk and us are going to be at the #BlockchainLive18 - stop by our booth B26 to talk all things #MADANA, #Lisk and #Blockchain. Get your free tickets here: https://blockchainlive.com/attend-blockchain-live/ See you guys in London. #MADANAshow2018
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What was the reason for the choice to create your own blockchain? Surely none of the existing does not meet the requirements?
Thanks for the question! MADANA is not creating "its own" blockchain, but will be one of the very first sidechains built on the Lisk Blockchain. Rather than take the time to develop their own blockchain, MADANA opted to build on the "tried-and-true" Lisk network so that they could focus on building the best Market for Data Analysis in the world, but using patented technology to buy, sell, and process data without risk of customers' and businesses' sensitive data being compromised. It is Data Processing 2.0. Thanks for your interest! -William MADANA Ambassador |
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LISK AND MADANA MEETUP!!!https://www.meetup.com/Lisk-Blockchain-Application-Platform/events/254479811/MADANA will be joining the Lisk team for a great meetup in Berlin at WeWork! Bring your friends AND your questions!!
Thursday, October 4, 2018
6:00 PM to 9:00 PM
WeWork Atrium Tower
Eichhornstraße 3 Etage 7 · Berlin
21th floor of WeWork Atrium Tower at Potsdamer PlatzFrom the Lisk Team:"We are excited to bring the community together in Berlin to discuss the latest news and updates at Lisk. This meetup will have something for everyone, regardless of whether you are a long-term Lisk enthusiast looking for the latest information on the project, a blockchain fan or an absolute beginner looking to explore the technology. Places are limited so RSVP as soon as possible to avoid disappointment. To get to the WeWork space you will need to go through the main entrance of Atrium Tower until the end of the corridor and take the elevators until the 20th floor. Please follow the signs! Looking forward to seeing everyone there! The Lisk team"
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MADANA on CCN!! Source: https://www.ccn.com/madana-the-market-for-data-analysis-already-sold-8-3-million-lisk-based-pax-token/
MADANA, the Market for Data Analysis, Already Sold 8.3 Million Lisk Based Pax TokenMADANA.io is the first major project using the Lisk blockchain platform. This marks a milestone in the recent token sale history. Lisk is a non-profit organization, that aims to make the blockchain more accessible to users and programmers. MADANA is the first to take advantage of this and provides additional value to the Lisk ecosystem. Therefore, every Pre-Sale contribution in LSK gets a 10% bonus in PAX. They already sold 8.3 Million of their Lisk-based PAX Token. You can still participate in their public Pre-Sale on www.madana.io. How can you benefit from MADANA?You can benefit by monetizing your data in MADANAs secure network. MADANAs patent-pending ecosystem enables privacy-preserving data analysis, which is a major breakthrough in data science. By sharing only analysis results you always stay in control of your data. Moreover, you get rewarded in PAX token for every single analysis that uses your data. This is great for individuals, but also enables new services and business models in a GDPR-compliant way. On MADANA you can also monetize your skills: Data scientists, analysis experts, and programmers can contribute analysis algorithms to the MADANA platform. Due to MADANAs openness and its fair rewarding system, best-performing algorithms will make the most money. This incentivizes experts to find new ways to analyze data and to provide most valuable insights to the data analysis buyer. This is why data analysis buyers gain insights they never had before. There is a wide range of possible use-cases of the privacy-preserving MADANA platform. Imagine optimizing user interactions, making products more sustainable, and developing new treatments based on a global decentralized pool of information. MADANA pioneers ICOs run under German lawIn the recent past, many ICOs were conducted in states with loose regulation and unsustainable tax rules. As a German Startup company, MADANA pioneers ICOs run under German law. This required legal authorities to check the project and token structure before being allowed. This takes a lot of time, effort and money, but provides additional trust to the MADANA project and shows its team dedication. MADANA has a diverse team of blockchain experts based in Berlin. They have great support from well-known partners, such as Capgemini, and influential advisors, such as Max Kordek the founder of Lisk. For interested investors, MADANA released a detailed white paper earlier this year. It explains the technical foundation, the ecosystem structure, and future use-cases in detail. To clarify questions about the PAX token and its token economy, investors can take a look at their recently release Tokenomics paper.MADANA started their public PAX Pre-Sale on September 1stThe PAX token will be used as the platforms fuel for executing data analysis and rewarding all participants. They are giving away 55 percent of all PAX token to investors and the MADANA community. As the first Lisk token, the MADANA team decided to give every Pre-Sale contribution in LSK a 10% bonus in PAX. This is on top of the reduced Pre-Sale price of 0,50€ per PAX token. The Main Sale will be held in 2019 for a token price of 1,00€ per PAX. To enable more people to participate in the Pre-Sale, MADANA set the minimum amount to be purchased to an equivalent of only 100 Euro. Thus, MADANA can reach a higher level of decentralization than projects that allow only bigger investors to take part in the Pre-Sale. For more information and to participate in the Pre-Sale, visit www.madana.io. To join the MADANA Community at Twitter, Telegram, and Reddit. |
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Hey Matt! I spoke with Co-Founder Richard from GNY and he gave the following analysis (he did not use the GNY AI or Machine learning algos to come up with this response): "The difference between us and nudge is that they have no members of staff. No detail of machine learning in their whitepaper. No history in the domain. And one follower on twitter." |
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From the MADANA Twitter:
We are proud to announce that Postera Capital, the promoter of the first EU-regulated investment fund, is officially joining our Advisory Board. Their years of experience and insights into various branches of #business will accelerate MADANAs future development.
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No caption necessary.  |
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Thanks for the share John. I love reading your Lisk and Lisk sidechain updates. This ecosystem is amazing. |
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Show Posts
Exciting times for MADANA and the Lisk platform as we look to Q4 of 2018. If you haven't signed up for whitelisting for the Public Pre-Sale, you can do so on the MADANA.io Website! Below are some photos of the event:
