We collect the crypto-currencies and distribute a fixed 85,000,000 LISK at the end. That means depending on how much BTC we collect, the price of 1 LISK can be calculated only at the end of the ICO with:
(BTC sum) / 100,000,000 LISK = Price of 1 LISK in BTC (some may argue we have to use 85,000,000 here).
Edit:
Changed "BTC collected" to "BTC sum", to reflect that it's not the absolute number, but rather the one including bonuses and XCR.
BTC sum: consists of 1300 satoshi per XCR, the total amount collected in BTC and the different bonuses.
100M is indeed the number to use, not 85M. Let's discuss "how to correctly value Lisk" further and get everything out in the open before the ICO starts.
At the end of the ICO, the value of Lisk is going to consist of five very real components:1. CORE DEV TEAM - The value of Max and Olivier being a dedicated Lisk core team putting in very significant manhours
before / during / after the ICO that are making obvious visible (Max) and invisible (Olivier) progress on Lisk development. Also included in this category is the participation of Boris Povod (the original key developer of Lisk's precursor Crypti code) as a confirmed Lisk consultant and other new developers yet to come.
2. 101 DPoS FORGERS - The value of 101 individuals who will run the Lisk Delegate software version on cloud servers like Vultr and Digital Ocean, to secure and propagate the Lisk blockchain
after the ICO. These people will pay roughly $5 per month out of their own pockets and give a few hours of their time per month to run a Lisk node, running in a cooperative and not competitive manner with all other 100 Lisk nodes.
3. CODE BASE - The value of the open source Crypti / Lisk 0.5.5 code base platform that existed
before the ICO started.
4. DONATED CASH - The value of the actual BTC gathered during the ICO, which represents a pool of funds to pay for continuing coding and development work
after the ICO.
5. GOODWILL - The value of a new community of people who believe in the future of Lisk
after the ICO. Lisk is not a coin as much as a sidechain / distributed application (dapp) ecosystem, most closely comparable to Ethereum.
Lisk earns its goodwill by offering several advantages over Ethereum:
a. 100,000+ programmers fluent in the stable, easy JavaScript used by Lisk to write dapps, instead of a handful of programmers fluent in buggy, obscure Solidity used by Ethereum
b. Cheap $35 Raspberry Pi 2 or $9 CHIP microcomputers (see
http://getchip.com/) to run many, many sidechains in Lisk, instead of expensive, max-memory GPUs required to run the bloated single main blockchain in Ethereum
d. Allowing users to set up their own worldwide sidechain node networks using many / few Pi2s or CHIPs in Lisk, instead of continuously paying "gas" fees to miners running a dapp on the main blockchain of Ethereum
c. Cooperative, efficient (101 member max) node networks for each side chain in Lisk, instead of competitive, highly inefficient ever-growing mobs of wasteful hash-generating main blockchain miners in Ethereum
How do these five components of Lisk get paid for during the ICO?1. CORE DEV TEAM gets paid with 15M Lisk for their ongoing manhours being expended - 8M for CEO/CTO/new hires; 4M for future bounties; 2M for consultants and 1M for early supporters
2. DPoS FORGERS each get paid with 150K (inflationary) Lisk per year, 5 Lisk at a time per block forged every 17 minutes, for their time and $60/year server fees.
3. CODE BASE gets paid with that portion of 85M Lisk handed out to XCR holders at the fixed market rate of 1300 Satoshi per XCR.
4. DONATED CASH gets paid for with that portion of 85M Lisk handed out to BTC and Shapeshift donors.
5. GOODWILL gets paid for with that portion of 85M Lisk handed out as 15% / 10% / 5% early-participation bonuses. The people that believe in a,b,c,d above will donate early, and they will be rewarded for that faith by getting extra Lisk.
Lisk is a far superior coin launch than most cryptocoins. Lisk is starting with the functioning code base and experience from the two-year Crypti effort, adding in a solid new Bitcoin donor base for continued development funding, and topping it all off with an enthusiastic community that recognizes the potential for taking the main ideas behind Ethereum and delivering on those ideas in better way.
Lisk has a very bright future indeed. As Alan Shepard said just before lift-off of the first American manned space mission, "Let's light this candle!"
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