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

[BitcoinHunt3r]

This faucet is currently running on a testnet.
All payouts are for testing purposes only.

i don't understand about this section in faucet site, can anyone explain ?

[LiskHQ]

This faucet is currently running on a testnet.
All payouts are for testing purposes only.

i don't understand about this section in faucet site, can anyone explain ?

Sure, in crypto-currencies you usually differentiate between a mainnet and a testnet.

Testnet (test network):

The blockchain is maintained for testing purposes only and consists of only a handful of nodes. The use-cases for a testnet are:

- to check if everything is working fine.
- to let our users take a look at new features.
- to let our ICO participants see that we have enough knowledge to run, maintain and enhance Lisk.

We can reset the testnet at any point, because we are the only ones who are securing it.


Mainnet (main network):

This will be the real blockchain and network after the ICO. Here all LISK have a real value and many different persons are securing the network. At this point nobody can turn it off.

[BitcoinHunt3r]

This faucet is currently running on a testnet.
All payouts are for testing purposes only.

i don't understand about this section in faucet site, can anyone explain ?

Sure, in crypto-currencies you usually differentiate between a mainnet and a testnet.

Testnet (test network):

The blockchain is maintained for testing purposes only and consists of only a handful of nodes. The use-cases for a testnet are:

- to check if everything is working fine.
- to let our users take a look at new features.
- to let our ICO participants see that we have enough knowledge to run, maintain and enhance Lisk.

We can reset the testnet at any point, because we are the only ones who are securing it.


Mainnet (main network):

This will be the real blockchain and network after the ICO. Here all LISK have a real value and many different persons are securing the network. At this point nobody can turn it off.

ahh ok thanks for the explanation , so the real blockchain will happen after ICO 

[LiskHQ]

This faucet is currently running on a testnet.
All payouts are for testing purposes only.

i don't understand about this section in faucet site, can anyone explain ?

Sure, in crypto-currencies you usually differentiate between a mainnet and a testnet.

Testnet (test network):

The blockchain is maintained for testing purposes only and consists of only a handful of nodes. The use-cases for a testnet are:

- to check if everything is working fine.
- to let our users take a look at new features.
- to let our ICO participants see that we have enough knowledge to run, maintain and enhance Lisk.

We can reset the testnet at any point, because we are the only ones who are securing it.


Mainnet (main network):

This will be the real blockchain and network after the ICO. Here all LISK have a real value and many different persons are securing the network. At this point nobody can turn it off.

ahh ok thanks for the explanation , so the real blockchain will happen after ICO 

You are welcome. Yes, the real blockchain will be deployed after the ICO.

[m-s-v]

Signature updated (almost forgot )

[MalReynolds]

Signature updated.  Good luck, Olivier and Max!  Go Lisk!

Say, do you realize that your reward categories currently total to over 1,000,000 Lisk?  Maybe you need to drop the Facebook reward from 150K to 100K...

[LiskHQ]

Signature updated.  Good luck, Olivier and Max!  Go Lisk!

Say, do you realize that your reward categories currently total to over 1,000,000 Lisk?  Maybe you need to drop the Facebook reward from 150K to 100K...

Yes, we do realize that. Currently there are only 20 Facebook likes, imagine once there are 300 in 10 weeks. Being early pays, but overall the money will be distributed to quite a lot of different people.



Lisk ICO Terms - Part I

As promised we will disclose first details about our Initial Coin Offering (ICO) today. We describe which crypto-currencies can be exchanged, how the distribution of the 100,000,000 LISK is, what our timeline looks like and what kind of bonuses participants can receive.


Read the full terms on our blog!

[poornamelessme]

Okay, assuming I am reading things correctly on your blog, the first week btc bonus is 15%. So 15%, 10%, 5%. Not too bad for XCR people (actually expected it to be a bit worse for us).

That brings the true ICO equivalent to around 1130 sats (first week only), and increasing 5% the following two weeks, eventually hitting 1300. Seems fair to me.

For those currently selling their XCR then, they really shouldn't be dumping it at the < 1000 sat level. Assuming there is interest in this project, it'd make more sense for BTC people to buy up XCR and so long as it's less than 1130, and it's a better deal than paying in BTC.

Correct me if I'm wrong, I'm half-asleep as I look over the blog.

The one odd thing though is that you accept ETH too. How would that rate be calculated? Choosing a price there would be somewhat arbitrary.

[LiskHQ]

Okay, assuming I am reading things correctly on your blog, the first week btc bonus is 15%. So 15%, 10%, 5%. Not too bad for XCR people (actually expected it to be a bit worse for us).

That brings the true ICO equivalent to around 1130 sats (first week only), and increasing 5% the following two weeks, eventually hitting 1300. Seems fair to me.

For those currently selling their XCR then, they really shouldn't be dumping it at the < 1000 sat level. Assuming there is interest in this project, it'd make more sense for BTC people to buy up XCR and so long as it's less than 1130, and it's a better deal than paying in BTC.

Correct me if I'm wrong, I'm half-asleep as I look over the blog.

The one odd thing though is that you accept ETH too. How would that rate be calculated? Choosing a price there would be somewhat arbitrary.

It's far better for people to participate with BTC and ETH so we have fundings we can work with. To have 3% more LISK won't benefit you, if the platform can't properly be developed and promoted.


We will disclose more information about how we accept ETH later.

[poornamelessme]

It's far better for people to participate with BTC and ETH so we have fundings we can work with. To have 3% more LISK won't benefit you, if the platform can't properly be developed and promoted.


We will disclose more information about how we accept ETH later.

Yes, of course. And for a small difference, it's probably not even worth the trouble for ICO buyers. Just an observation on current XCR prices and what the true value will be during the ICO. And also how it makes no sense at all for XCR people to dump their coins into the 700-900 range.

[LiskHQ]

It's far better for people to participate with BTC and ETH so we have fundings we can work with. To have 3% more LISK won't benefit you, if the platform can't properly be developed and promoted.


We will disclose more information about how we accept ETH later.

Yes, of course. And for a small difference, it's probably not even worth the trouble for ICO buyers. Just an observation on current XCR prices and what the true value will be during the ICO. And also how it makes no sense at all for XCR people to dump their coins into the 700-900 range.

That's right. Maybe some XCR holders didn't see the news yet or simply don't want to participate. You never know.

[poornamelessme]

That's right. Maybe some XCR holders didn't see the news yet or simply don't want to participate. You never know.

Yep, although for those who don't want to participate, it still makes no sense to dump at current prices. I don't expect BTC people to chomp up XCR for a 3% additional bonus, but at 1000ish, it would still make sense for them. Especially as the ICO winds down. Then the question becomes how many XCR people are willing to sell at that price, or instead move to Lisk (assuming there is outside BTC interest in the project, which I expect there will be).

I just expect most people haven't read the blog or are using emotion to trade... like those who dumped XCR down to 600ish after the news first came out. They were just throwing away money.

[ern]

Just changed my signature, followed you on Twitter and signed up for the newsletter

Good luck with the ICO!

[donnyespo]

It's far better for people to participate with BTC and ETH so we have fundings we can work with. To have 3% more LISK won't benefit you, if the platform can't properly be developed and promoted.


We will disclose more information about how we accept ETH later.

Yes, of course. And for a small difference, it's probably not even worth the trouble for ICO buyers. Just an observation on current XCR prices and what the true value will be during the ICO. And also how it makes no sense at all for XCR people to dump their coins into the 700-900 range.

That's right. Maybe some XCR holders didn't see the news yet or simply don't want to participate. You never know.

Signature updated. Took advantage of the XCR discounts right now if they want to dump sure wouldnt mind 

[MalReynolds]

Say, do you realize that your reward categories currently total to over 1,000,000 Lisk?  Maybe you need to drop the Facebook reward from 150K to 100K...

Yes, we do realize that. Currently there are only 20 Facebook likes, imagine once there are 300 in 10 weeks. Being early pays, but overall the money will be distributed to quite a lot of different people.

I'm not sure we are communicating yet.   You say Newsletter gets 0.20M, Facebook gets 0.15M, Twitter gets 0.20M, Sig gets 0.20M, Translations get 0.30M.  0.20+0.15+0.20+0.20+0.30 = 1.05M.  You say 1.00M Lisk is being set aside for rewards.  Where is the other 0.05M=50K Lisk coming from?

Another question.  During the ICO, would Lisk be willing to please post daily information on donations at a Google spreadsheet?

[Emerge]

Just followed on Twitter as @OfficialEmerge
Liked as JM Erestain
and subscribed to your newsletter as smallstratos@hotmail.com

I can also translate to Filipino if needed

Regards,
JM Erestain

[th4o]

great project. looking forward to golive

[LiskHQ]

Say, do you realize that your reward categories currently total to over 1,000,000 Lisk?  Maybe you need to drop the Facebook reward from 150K to 100K...

Yes, we do realize that. Currently there are only 20 Facebook likes, imagine once there are 300 in 10 weeks. Being early pays, but overall the money will be distributed to quite a lot of different people.

I'm not sure we are communicating yet.   You say Newsletter gets 0.20M, Facebook gets 0.15M, Twitter gets 0.20M, Sig gets 0.20M, Translations get 0.30M.  0.20+0.15+0.20+0.20+0.30 = 1.05M.  You say 1.00M Lisk is being set aside for rewards.  Where is the other 0.05M=50K Lisk coming from?

Another question.  During the ICO, would Lisk be willing to please post daily information on donations at a Google spreadsheet?

Oh! Strange, but yes you are right. We will correct the Facebook bounty to 100k, as it is the least popular option right now and the least important to us. Thank you Mal!

Sorry that this happened.

Just followed on Twitter as @OfficialEmerge
Liked as JM Erestain
and subscribed to your newsletter as smallstratos@hotmail.com

I can also translate to Filipino if needed

Regards,
JM Erestain

Great! If you want to translate the Bitcointalk thread just tell me and I will add the language to the OP with a "work-in-progress" tag.

[Poly#Crypto]

Just followed on Twitter as @OfficialEmerge
Liked as JM Erestain
and subscribed to your newsletter as smallstratos@hotmail.com

I can also translate to Filipino if needed

Regards,
JM Erestain

That's great, I'll follow you 

[Litoshi]

IF YOU LIKED PAYCOIN, YOU WILL LOVE LISK