it's online for me

Ok, here we go.  

In this ICO there are two kinds of coins that can be donated:  XCR (Crypti) and BTC (Bitcoin).  XCR is "old money" that was already donated in mid-2014 and funded the code base (Version 0.5.5) that Lisk will deploy in April.  BTC is "new money" that is creating a cash pool to fund further development beyond Version 0.5.5.  

These two coins have to be treated differently.  

XCR is valued at a fixed fair market price of 1300 satoshi per XCR, which is roughly what you would find if you went to the Poloniex exchange where Crypti has been trading since Sept 2014.  You can't trade Lisk one-per-one for Crypti because only 85M Lisk is being given out in the Lisk ICO and there are 100M Crypti.  So you have to trade the Crypti in at 1300 satoshi each for Lisk.  Another way of saying this is every 1M XCR is worth 13 BTC.  

BTC donations are complicated because there are bonus factors of 15%, 10%, 5% and 0% given depending on which week you donate.  

Thus ACTUAL BTC donations (in green) have to be modified into "EFFECTIVE" BTC totals (in orange) that have the appropriate bonus added.  Similarly, the XCR has to be converted to "EFFECTIVE" BTC at 13 BTC per 1M XCR (in blue).  

So as of March 8 at 1AM Universal Coordinated Time (UTC), we see that:

42.9 XCR have been donated so far, valued at 42.9 * 13 = 557.7 BTC (blue / orange)

1350 BTC were donated the first week of the ICO, valued with bonus at 1350 * 1.15 = 1552.5 BTC (green / orange)

1300 BTC were donated the second week of the ICO, valued with bonus at 1350 * 1.10 = 1430.0 BTC (green / orange)

87.25 BTC have been donated so far in the third week of the ICO, valued with bonus at 87.25 * 1.05 = 91.6 BTC (green / orange)

So a total of 1350.00 +1300.00 +87.25 = 2737.25 (green) ACTUAL NEW BTC have been donated so far.  This BTC forms the "Lisk Development Cash-On-Hand" fund to finance new Lisk code development.   This cash amount is found by multiplying actual BTC by the USD/BTC exchange rate from coinmarketcap.com.  So 2737.25 * 410.72 = $ 1,124,243  available to hire programmers to further develop Lisk.

Now to answer the top question of the spreadsheet:  I gave them one BTC, how many thousand Lisk am I gonna get?   The question is highlighted in yellow, so follow the yellow stripe to the red number : 23.4 thousand Lisk will be given out for every BTC that is DONATED IN THE LAST WEEK WITH 0% BONUS.  If you donated your BTC in the FIRST week, you will get 15% more Lisk or 23.4 * 1.15 = 26.9 thousand Lisk.  

How do you know this is right?  Because the total Lisk to be distributed is a fixed 85,000,000, and 85,000,000 / 3631.8 = 23,404.  The 3631.8 (the dark orange number) is NOT the ACTUAL BTC, it is the "EFFECTIVE" BTC total donated that has all the XCR fixed conversion and BTC early donation bonuses mixed in.

So, if nobody donated anything else except for one last BTC receiving no bonus at one minute before the ICO ended, then that person donating that last no-bonus BTC would get 23,404 Lisk.

The problem is, the ICO goes on for another two weeks.  More people are going to come in, some with more XCR, some with BTC at 5% bonus and some the last week with BTC at 0 % bonus.  The Lisk being given out is fixed at 85M, so if more people come to claim some of it, the share handed out has got to be reduced even more from what it is now.  All the numbers in the light yellow area are just what the reduced amounts are going to be at various scenarios of future XCR and BTC donations.  

Say more BTC is donated for a final amount of 2900 actual BTC donated by the last day of the ICO.  Then the Lisk given out for one BTC will be 22,400 per BTC, not the current value of 23,400.  

Or say only one last BTC is donated on the last day of the ICO, but all the XCR gets turned in, all 100M of it worth an equivalent 1300BTC.   Then the guy that turned in that last BTC will get 19,400 Lisk instead of the current 22,400.  

There are an infinite number of BTC / XCR donation combinations that can occur between now and the end of the ICO.  The spreadsheet lists not only the current scenario as a red number, but all the other potential scenarios as other declining numbers.  

So why show so many possibilities when only one will occur?  So people can understand the process, and in particular, to show that their final value of Lisk received is variable depending on who else shows up.

The other bottom satoshi chart shows how much the value of Lisk has to go up to match the decline in share holdings to keep the donation value constant.  For every entry in one spreadsheet there is an entry in the other.  They are a matched pair that work together to insure that nobody gains or loses money during the ICO.  

THE VALUE OF A DONATION IS HELD CONSTANT DURING THE ICO NO MATTER HOW LOW YOUR LISK HOLDING SHARE GOES.

On the last day of the ICO, the red Satoshi value in the yellow highlighted area is the "fair market starting value" at an exchange where Lisk can be bought or sold.  

What will ACTUALLY happen on Day One of exchange sales of Lisk...well, that will be interesting to see.

It's gonna be worth a lot less than that once this mess hits exchanges.

with all those btc made already some whale is obviously in

Yes. (I don't even bother answering this)


So if I understand it correctly, Max and Oliver will receive between 1 and 3 (just an estimate) million $, and 4 million list each.

I have multiple issues with this. When counterparty was in the same phase, they wrote a blog post explaining why they choose proof-of-burn.
http://counterparty.io/news/why-proof-of-burn/

The biggest issue is that value is created out of thin air like this, which is unsustainable. There is simply no point sending further btc to the ico. Some simple math (please ignore the incorrect starting numbers):

Now there's 2k btc paid, with 80 million coins to be distributed. If people add 6k more btc to the ico, it will each 8k, and the same amount of coins will be distributed proportionally.
But what if ico finished at 2k, and the 6k additional btc was added as a market order after the ico? Price would be statistically the same (same amount of btc went into the lisk market), but profit distribution would be different, as all the profit that would go to Max and Co. would be spread between the ico sponsors.

And the biggest difference comes here. Max and Oliver will realize the BTC profit immediately (well it's not their choice, that's how the system is set up). In the second case however, people will not necessarily realize their profit (they will partly stay in lisk, despite the price increase), which will result in a higher market cap.

So please, read the linked blog post, and think about proof of burn. It would give an incredible amount of legitimacy of the project. Oh, and it would legitimize the 4-4 million lisk as well a bit (it would be a justifiable sum, but on top of $1m+ it definitely isn't)

Won't the collected btc and xcr be burned when the list money supply is created? I mean, it has to be. Otherwise what's the point? I seriously hope it will be burned in a verifiable way. If not, and the two guys will get to use this sum, this project will die before it's born.

Update: Found this on the ico terms:

"All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition."

Paid out to whom?

  it is complicated. I invest 14$ and get 1400 Lisk. It means every 100 Lisk is 1$. but now my Lisks are decreased 1380 but i still have 14$. Now every 100 Lisks valus is 1.01$. It worth up 1%, but my 14$ is still 14$ for now. Sorry but it is not good investment. Good investment is means if you have pre-order for anything, you have absolut value in their own currency. and its worth is going up, your money should be increase. In this situation your invest money's value is same until they sail their boat on Bazaars like Bittrex or Poloniex... Sorry man, i think again until they appears on Bittrex or like as it

Will your venture be Fully Licensed and Regulated like BreakoutGaming?
http://calvinayre.com/2015/01/13/business/interview-with-gian-perroni-on-break-out-gaming/

Also note that Breakout Gaming is backed by real life Poker celebirities like Johnny Chan, Huck Seed, Jennifer Harman, Ted Forrest, Todd Brunson, David Benyamine, Layne Flack, Toto Leonidas, Jeffrey Lisandro and Vladimir Shchemelev, etc:
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http://www.pokersites.com/news/johnny-chan-backs-bitcoin-poker-site-2743

You should join the BreakoutCoin chat on Slack: https://brocoin.slack.com perhaps you can collaborate with them.

It's beyond me how people throw money at things they do not understand...

There is a third possibility... it's called mathematics, one of humanity's greatest achievements.

"In Lisk, the value of your contribution invested in the ICO is held constant.  Your number of Lisk to be allocated in the genesis block goes down as more donors show up, and the new money they bring in causes the value of each individual Lisk to go up and compensate.  You do not lose or gain any money as a result of your participation in the ICO." 

I'm follower here..??and just need to know. who's the biggest idiot here??

Is there not any target price for lisk ICO?

This is too much for me. I think next time i participate in an ICO, i want one where the ICO stops when they have a set amount of BTC invested.

W...What? your talking about the ICO of lisk right? Do I need to tweak the delegates just to participate in ICO?

How much was invested so far?

I am still receiving the same error in the exchange.


New Exchange
1 error prohibited your exchange from being started:

Failed to validate return address

It is a correct and functioning NXT address..

LISK    Develop Decentralized Applications & Sidechains in JavaScript with Lisk!

According to this speed to the end will have 5000 bit