[ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers

[MaGNeT]

Are you seeing registering dapps as the main factor for demand variable in lisk ?

If so, do you think 500 lisk will be cheap enough for developers to publish ? will be this fee variable in time ? how many developers you estimate will register dapps with lisk ?

No. I think that the dapps will be the main demand factor to buy LISK. If you need LISK in every dapp, you will buy more LISK.

How will the Lisk of the core team be handled? Is it split between you two, or will it be split under the full team? How much will be sold on the market, and when?
Additionally, are there plans for a bug bounty program?

It will be split between Oliver and me. That means 4M to Oliver, 4M to me. You will be able to see the addresses on the blockchain explorer. How much and at what time (or if) we will sell, will depend on many things. But I can tell you that I will hold my LISK for a long time. We have years to come in which we can develop the platform, why should we sell after X months already?

If you plan on holding long term, how about creating a contract that release a percentage of your LISK based on specific conditions? Some factors could be time and market cap.

The contract could be setup on Ethereum

[Bigcabrito]

Are you seeing registering dapps as the main factor for demand variable in lisk ?

If so, do you think 500 lisk will be cheap enough for developers to publish ? will be this fee variable in time ? how many developers you estimate will register dapps with lisk ?

No. I think that the dapps will be the main demand factor to buy LISK. If you need LISK in every dapp, you will buy more LISK.

How will the Lisk of the core team be handled? Is it split between you two, or will it be split under the full team? How much will be sold on the market, and when?
Additionally, are there plans for a bug bounty program?

It will be split between Oliver and me. That means 4M to Oliver, 4M to me. You will be able to see the addresses on the blockchain explorer. How much and at what time (or if) we will sell, will depend on many things. But I can tell you that I will hold my LISK for a long time. We have years to come in which we can develop the platform, why should we sell after X months already?

If you plan on holding long term, how about creating a contract that release a percentage of your LISK based on specific conditions? Some factors could be time and market cap.

I agree, this would be an excellent strategy for the developer funds.

[nuno12345]

- snip -

I agree. I think it's only "good" for all the people who asking every 10 posts, what the current price is. Maybe It's possible to add "some math" into the script, so it will show nearly the same as your sheet?

Two changes would go a long way (1) use a constant 13 BTC per 1M XCR as the conversion factor instead of the current market price for Crypti;  (2) applying a 15% escalation factor for the first 1350 BTC collected, and 10% escalation factor on BTC collected thereafter.  This mod could be changed to 5% in the third week and 0% in the last week.

Nuno, Max - you OK with such mods?

Code updated to include first week bonus and XCR fixed priced.

Also grabbing amounts from exchange.json now.

1 Lisk = 3308 satoshi

Source code

Code:

<?php
//GET AMOUNTS FROM EXCHANGE.JSON
$liskJSON = json_decode(file_get_contents("https://ico.lisk.io/exchanges.json"), true);

//GET BITCOIN PRICE
$priceBTC = json_decode(file_get_contents("http://coinmarketcap-nexuist.rhcloud.com/api/btc/price"), true)["usd"];

//SETUP PRICE VARS
$bitcoinICO = 0;

//GRAB AMOUNTS FROM ICO.LISK.IO
$bitcoinICO = $liskJSON["bitcoin"]+$liskJSON["shapeshift"];
$cryptiICO = $liskJSON["crypti"];

//CONVERT CRYPTI AMOUNT TO BTC
$bitcoinICO+=($cryptiICO*13)/1000000;

//GET REMAINING BTC
$remainingBTC = $bitcoinICO-1350;

//FIRST WEEK = 1350+15%
$firstWeekBTC = 1552.5;

//PUT IT ALL TOGHETER
$bitcoinICO = $firstWeekBTC+($remainingBTC*1.1);

//CALCULATE LISK PRICE AND CONVERT TO SATOSHI
$liskPriceBTC = ($bitcoinICO/85000000);
$liskPriceBTCRound = round($liskPriceBTC*100000000);

//CONVERT LISK PRICE TO USD AND FORMAT TO 5 DECIMAL PLACES
$liskPriceUSD = number_format((float)($liskPriceBTC*$priceBTC), 5, '.', '');

header("Content-Type: image/png");
//OPEN LISK LOGO
$im = imageCreateFromPng("/var/www/html/lisk/lisk.png");
//DEAL WITH OPACITY
imageAlphaBlending($im, true);
imageSaveAlpha($im, true);

//SETUP TEXT COLOR
$text_color = imagecolorallocate($im, 0, 0, 0);

//ADD TEXT TO LISK LOGO
imagestring($im, 3, 120, 95,  "1 Lisk = " . $liskPriceBTCRound . " Satoshi", $text_color);
imagestring($im, 3, 120, 110,  "1 Lisk = " . $liskPriceUSD . " USD", $text_color);

//SAVE IMAGE
imagepng($im, "/var/www/html/lisk/lisk_price.png");

//CLEAN BUFFER
imagedestroy($im);

?>

[sgdias]

I'm not seeing that as big driver for demand, you need lot of dapps and publishers, therefore the lisk price should not be so high.

One betting dapp with a volume of 100 BTC a day will already create a huge demand. Now imagine 50 IoT dapps, 10 betting dapps, 30 social dapps, ... I'm sure the demand will be there. It will just take a few weeks/months to pick up. The dapps need to be coded first. Before that all is speculation.

I'm not following.. I saw the dapps we'll be capable to use the Bitcoin API, if so.. they can easily bypass Lisk as medium of exchange and use just BTC. Is this correct or dapps are forced use lisk as medium of exchange ?

[LiskHQ]

I'm not seeing that as big driver for demand, you need lot of dapps and publishers, therefore the lisk price should not be so high.

One betting dapp with a volume of 100 BTC a day will already create a huge demand. Now imagine 50 IoT dapps, 10 betting dapps, 30 social dapps, ... I'm sure the demand will be there. It will just take a few weeks/months to pick up. The dapps need to be coded first. Before that all is speculation.

I'm not following.. I saw the dapps we'll be capable to use the Bitcoin API, if so.. they can easily bypass Lisk as medium of exchange and use just BTC. Is this correct or dapps are forced use lisk as medium of exchange ?

They could use the Bitcoin API, but most likely only for the betting (as an example) itself. Without big changes in the sidechain code, all transactions happening on the sidechain will be processed with LISK. I think for a longer time, this will be the default case for all dapps.





I'm offline for today.

[YNWA2806]

The ICO raising rate is awesome!! breaking all expectation....

[Trial]

Bought a little. Let's see what will happen next.

[creativeeditors]

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[Compiler]

Lisk beyond the moon, I'm sure

[Splatters]

even if it reaches 10k sat after ico is too cheap, it will moon from that price

[Assembler]

I totally agree with you @Splatters, se see where it arrives later this year.

[uqaz]

An idea for a Dapp...

A Descentralized Bank/Pawn Shop.

Nowadays the main problem of banks like BITBOND or BTCPOP is that they don't provide trust. A bank combine two things that today we don't have simultaneuosly in crypto: i. the enforcement of a contract and ii. a real garantee.

i. The enforcement of a contract we can get from ethereum. I've just heard of Slock.it (check it out!), they are promissing a rent plataform, it reminds me UBER for everything, basically. Thru them, in a contract we would just estipulate values, profits and lending time;

ii. A real garantee would come from anything, from a pen (as in a pawn shop) to valuable/important storaged data/large ammounts of non-liquidy crypto (as in a bank). The plataform that can do this is Safex.io (a SAFE Exchange for MAID, just like Ebay). Thing is that negociations between buyers and sellers would be anonimous.

So, dealing with an Ethereum plataform and SAFE network isn't an easy task..but in Lisk habitat that may be easier. Think of a central Dapp that joins Slock.it data and Safex.io data (inputs and outputs). There could be a specific Dapp to acquire data from other crypto blockchain, and another to output this data. And a head, the Descentralized Bank/Pawn Shop. You will need gas, but Lisk could be provided for it as part of a "fee".

Please, i'm no programmer, just saying... Also, Stock.it or Safex.io are not implemented (they will be soon...). So, keep this idea in mind, I and pratically every crypto user are looking for a trustful bank...if someone of you guys create this, you will be rich and a bunch of people will be happier.

Poor english, sorry.

P.S.: Actually, there is a third advantage in this Descentralized Bank/Pawn Shop, that real banks don't have: Anonymity!

[favdesu]

Already a very successful ico. Congrats to max

[Forrest01]

Already a very successful ico. Congrats to max

True, it is kinda hard to believe that the ICO is already close to 2100 BTC donations even after excluding XCR donations.

Congrats to Max & Oliver and the community as well!!

[tuvok007]

I dream the Lisk will be at billion dollar marketcap before the end of the 2016 

[Bigcabrito]

Hey guys, over the past few days I've been working with Max and Oliver on improving the ICO documentation. Here I present the draft (prior to an official release) open to suggestions from the community. Take a look, if there's something that you feel needs more attention or more information don't hesitate to suggest it or leave a comment in the document itself.

http://bit.ly/1RNPTbK

Let's make Lisk go to the moon, together!

[Rando]

All the future development and programming and hiring more staff members will be paid from the 8M of the 2 members of the Core team?

[Bigcabrito]

All the future development and programming and hiring more staff members will be paid from the 8M of the 2 members of the Core team?

No, that's what the ICO was for.

Concerning the 8M LISK the core team will receive, they have not provided details on what will happen to them other than "They will be held for a long period."

[Bigcabrito]

Are you seeing registering dapps as the main factor for demand variable in lisk ?

If so, do you think 500 lisk will be cheap enough for developers to publish ? will be this fee variable in time ? how many developers you estimate will register dapps with lisk ?

No. I think that the dapps will be the main demand factor to buy LISK. If you need LISK in every dapp, you will buy more LISK.

How will the Lisk of the core team be handled? Is it split between you two, or will it be split under the full team? How much will be sold on the market, and when?
Additionally, are there plans for a bug bounty program?

It will be split between Oliver and me. That means 4M to Oliver, 4M to me. You will be able to see the addresses on the blockchain explorer. How much and at what time (or if) we will sell, will depend on many things. But I can tell you that I will hold my LISK for a long time. We have years to come in which we can develop the platform, why should we sell after X months already?

If you plan on holding long term, how about creating a contract that release a percentage of your LISK based on specific conditions? Some factors could be time and market cap.

I agree, this would be an excellent strategy for the developer funds.

WTF ?!?!  This a serious RED FLAG !!!

The two Lisk Devs plan to split all 8 Million Lisk between them 50/50, 4M to Oliver, 4M to Max ?!?!

I can already see huge flaws with this plan:

. Who's going to pay for future development, future staff, future campaigns, etc... Oliver or Max ?

. What if one of them suddenly decides to dump his 4 Million? Manipulate the market? Crash Lisk price & buy low again ?

. Why not set up a public CONTRACT or ESCROW to see how that 8 Million Lisk for the 2 Devs is released/spent?

This is detrimental flaw that must be be addressed ASAP

Now watch the Lisk shills attack me to keep the sheepple quiet.

This has been brought up several times this past few days. It's good that you are concerned and are questioning this, but no need for the huge bolded red and blue letters, let's keep it civil.

Max and Oliver have been transparent throughout the ICO, if the community has concerns over the 8M being split between the core members, I am sure they will find a solution, or a compromise if need be.

As stated in previous posts, there are still some ironing out in details of certain aspects of the project. Max has been busy detailing a Delegate Handbook for those interested in becoming a Delegate. After the final draft is approved, he will focus his attention into detailing a business plan and fund management.

[rezilient]

-snip-

if your balls can't handle this kind of risk then you shouldn't be here.