Lisk Launches Tomorrow, IOU Trading Makes Lisk the 3rd Largest Cryptocurrency with a $250,000,000 Market Cap

Lisk is proud to announce the launch of the Lisk mainnet tomorrow. Lisk IOU trading in the past weeks peaked at $7.230168 or 0.0164 BTC per LSK. Currently the IOU is trading at $2.5 per LSK making Lisk the third largest cryptocurrency with a $250,000,000 market cap.

Lisk the most awaited open source blockchain application platform of the year will go live tomorrow, May 24th. The Lisk mainnet, which was supposed to be launched in the month of April is now ready for launch. The initial launch date was postponed to double check and ensure the robustness of the platform.

The development team has been consistently working on the platform to fix various security related issues and implement new features into the Lisk core. After running several internal testing sessions, the platform has been updated multiple times to ensure a secure network.

With the official launch of the Lisk mainnet, the platform has 100,000,000 LSK tokens, which are distributed according to the terms of ICO, which is:

• 1,000,000 LSK for early supporters
• 2,000,000 LSK for advisors, partners, and third parties
• 4,000,000 LSK for campaigns and bounties
• 8,000,000 LSK for the LISK core team
• 85,000,000 LSK for the ICO participants

Following the launch and distribution of tokens according to the breakup among the ICO participants, the LSK tokens, received by those participating in the ICO can be traded on selected exchanges after launch. For large orders the Lisk team suggests to use services like Lisk.Fund. The Lisk IOU tokens traded before launch on various exchanges will be swapped for real LSK.

The value of each Lisk IOU token has peaked at $7.23. With a present value of $2.5 per Lisk IOU tokens, the total market capitalization of Lisk now stands at $250,000,000, making it the third largest cryptocurrency, taking the place of Ripple, right under Ethereum.

Lisk has made conscious attempts to make the development process easy for developers. The blockchain apps created on Lisk will have its own sidechain and it can be hosted on any cloud platform. As an alternative to Ethereum, the full stack blockchain based development platform Lisk allows developers to build their applications on sidechains with pure JavaScript.

Lisk looks forward to seeing more and more developers adopt the platform to create blockchain apps for any use case. Interested developers can find the documentation for the Lisk platform here.

About Lisk:

Started earlier this year, Lisk is a decentralized start-up, founded by two former Crypti team members Max Kordek and Oliver Beddows. Lisk is positioned as an alternative to the Ethereum platform and allows developers to create blockchain-based applications easily using JavaScript. Lisk is currently a team of five along with Boris Povod and Alex Hellinger as advisers.

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