How many millions of XCR does the TEAM already have?
They are separating 15 million for themselves + converting a great deal more I take it - I think it would be nice to have transparency there.
How many total coins at launch?
There is transparency, I think, but it is scattered all over the place right now. It has been kind of a chaotic couple of weeks lately. Let me see what I can pull together in this post. Take all of this with "a grain of salt", as we say in English....
For the record, I am a major holder of Crypti (symbol "XCR") and a current Crypti DPos Active Delegate Forger. I was not involved in the Crypti launch in 2014. All of my Crypti I have purchased on exchanges (Bter and Poloniex). I am not (and have never been) a member of either the "Crypti Foundation" or the "Lisk Team". My only entry into Lisk will be the Crypti I transfer into Lisk, and the rewards I earn on the various Lisk pre-launch promotions.
As far as I know the Lisk Team consists of two people, Max Kordek ("LiskHQ", self-declared CEO of Lisk, and a German) and Olivier Beddows ("karmacoma24", self-declared CTO of Lisk and British - I think). These two were on the "Crypti Team", but not necessarily as core members. Max did public relations and Olivier did tool development and other tasks such as the Crypti blockchain explorer, network node setup on various cloud servers (he currently runs a third of the 101 Crypti nodes), and translation of the Crypti JavaScript / node.js software into versions that will run on ARM microcomputer devices. I have no idea how much Crypti they got for their service but I don't think they were / are major current holders of Crypti.
Over the past few years Crypti has evolved from "just another cryptocoin for spending" into a really cool blockchain technology software development project / Ethereum alternative. Crypti had done a lot of good work recently getting to their promised 0.5.5 version, which allows full deployment of side chains and dapps using JavaScript/node.js and microcomputers like Raspberry Pi 2 and CHIP. However, the original development funds were gone, where to take Crypti next was an open question, and overall the Crypti project was running out of steam.
Several weeks ago Max and Oliver made a surprise announcement that they were going to create a fork of the open-source Crypti, call this fork Lisk, and try to arrange a second round of development funding. This caused some serious drama that I'll skip over. The end result was that those left behind in Crypti are now supporting the Lisk fork as they chart their own path forward. The main Crypti developer and mastermind, Boris Povod, has agreed to participate in Lisk as a paid advisor even as he continues to develop Crypti.
There are some significant philosophical differences between Crypti and the Lisk fork. Crypti is a pure Proof of Stake (PoS) coin with true Delegated Proof of Stake (DPoS) voting on who its 101 forgers (miners) are. Lisk has introduced significant block rewards to its cooperative 101 forgers / miners, making Lisk an inflationary Proof of Work (PoW) coin like Bitcoin. These rewards also provide additional "votes" to those who have already been "voted in", which is a bit of a distortion from a true DPoS system. Forging rewards mean inflation in Lisk will be 15% in year one (going from 100M to 115M Lisk), while Crypti is a zero inflation coin that will be at 100M coins forever.
There are also some significant technological differences between Crypti and the Lisk fork. For example, Crypti currently has integration with Sia for distributed mass data storage support in its side chains and dapps; Lisk intends to switch over to IPFS for this function. Lisk intends to push forward as fast as possible on dapp development, while there is now talk at Crypti of "going back" and trying to perfect a technology called Proof of Time (don't ask, it's a cool idea that ran into difficulties in 2015). So Crypti and Lisk seem likely to diverge significantly in months and years to come. Let me just say, the comeback pivot and project recovery shown by the Crypti Team after the Proof of Time failure convinced me all of these people, including Max and Olivier, will keep their word and find a way to accomplish their goals. These are all good technical people and serious project developers I am talking about here, not scam artists. That's why I'm still around, something incredible is coming out of all this effort sooner or later.
So, 100M Lisk are to be in the 2016 Lisk Genesis Block, just like there were 100M Crypti in the 2014 Crypti Genesis Block.
85M Lisk will be split between people who buy in with Crypti (the original financial supporters that funded Crypti development from version 0.1.0 to 0.5.5) and those who buy in with BTC/Shapeshift (new second-round financial supporters that will fund further Lisk development from version 0.5.5 onward). Combining these two groups into a new and unified Lisk community is complicated. The end amount of Lisk given out to new BTC/Shapeshift investors will be influenced by the number of transferring original XCR investors. The end price of Lisk seen by the original XCR investors will be influenced by the donations of the new BTC/Shapeshift investors. Nobody will know the final amount / price results until the Lisk Initial Coin Offering (ICO) is over. I have prepared some "complicated" charts (links below) that show all possible future combinations of BTC/Shapeshift and XCR donations to Lisk that can occur between Feb 22-March 21 during ICO. Only one of these combinations will be "real" at the end of the ICO. That's the two numbers on the charts Lisk will go with in the end - one specific concentration / dilution holdings factor for the XCR donators, and one specific satoshi price for the BTC/Shapeshift donators.
The amount of Lisk that XCR donors will get (which determines the amount BTC donors get, too):
https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit#gid=763738405 The price of Lisk that BCT/Shapeshift donors will get (which determines the price XCR donors get, too):
https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit#gid=763738405 The remaining 15M Lisk get split in ways that are outlined in the Lisk ICO Part I.
Lisk ICO Terms Part I: https://blog.lisk.io/lisk-ico-terms-part-i-2e7d01955e4d#.r0nxttf7eLisk ICO Terms Part II: https://blog.lisk.io/lisk-ico-terms-part-ii-3b50ab74c9b6#.4mb5hyc28The Lisk Team (Max and Olivier?) get 8M Lisk (4M Lisk each?). Maybe a portion of this 8M Lisk will go new node.js programmers they haven't even hired yet. I'm not sure of the details, but I personally think this 8M Lisk represents a lot smaller proportion than what the original Crypti Foundation set aside for their own benefit back in 2014 (15M Crypti? I don't know, but it seems like it was definitely more than 8M Crypti...but those 15M XCR was also for an original Crypti team that was a lot bigger than two people). It's fun to speculate on details but IMHO the Lisk Team has a right to some privacy on just what they do inside their 8M black box of team compensation funds. They are entrepreneurs, they are taking risks and working hard, and they are motivated by the prospect of a big future payday. That's why we're all in cryptocurrencies.
Anyway, the 7M Lisk that is left goes to pre-ICO bounties (1M Lisk), advisors, partners and 3rd parties (2M Lisk) , and post-ICO campaigns and bounties (4M Lisk).
I have never met either Max or Olivier but I will say they worked very hard behind the scenes at Crypti. I'm sure others of the Crypti Foundation also worked very hard behind the scenes creating the code infrastructure for Crypti (particularly Boris!). But Max and Olivier were the ones that continuously reached out the most to help others in overcoming Crypti software bugs / problems and create a sense of community at Crypti. Based on my months of interactions with them at Crypti, I personally have a great deal of confidence in their ability to make Lisk a success.
Max, Olivier, please feel free to correct me if I'm wrong on any of the above, which I think is a fair "transparency" overview / summary.
Thank you for the summary Mal. All is looking correct.
