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If you haven’t seen our old videos and you don’t really know what Lisk is, I’ll try to explain to you very briefly. Lisk is a decentralized Javascript application platform on the blockchain. You can imagine it as Apple store or Google play marketplace full of decentralized blockchain based applications powered by Lisk tokens.
http://www.lisk.io
http://www.lisk.chat
https://www.reddit.com/r/Lisk/
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But this video won’t be about Lisk specifications again because you can learn generally about Lisk in our old videos. This video will be about reasons behind recent Lisk price rise. I'll bring in the most important reasons for the big price move.
First - Rebranding.
As you may already know, Lisk is doing a major rebranding with the German's leading design agency called Taikonauten. For brand strategy and marketing planning Lisk Foundation hired another famous agency called Rlevance. If you check the list of former Rlevance clients you will see that those guys mean business; Microsoft, Mercedes, Volkswagen and Vodafone are just few of many big Rlevance clients. Lisk will keep its name, but website, wallet and overall Lisk brand including logo, will change. Rebranding is scheduled to happen by the end of September.
Second - Lisk 1.0 version.
Major Lisk upgrade in terms of software will also happen in September. With version 1.0 Lisk will have redesigned API's and redesigned peer to peer stack as they will switch to web sockets. This software change will result with faster and more robust Lisk network. Lisk 1.0 will also be a ground preparation for the SDK release in December.
Third - Lisk foundation funds and team.
On this slide you can see the latest Lisk financial report. To make the long story short, Lisk team owns more than 60 million Euros!
Currently, there are around 15 Lisk members and few days ago Lisk foundation announced that they have 4 new members joining team really soon. Max Korder, Lisk founder said they are “aggressively hiring new members”!
Lisk job ADS are persistently online and Lisk team is conducting job interviews on daily basis. In a matter of fact, Max Kordek recently wrote on Lisk Reddit that their Berlin office is getting too small and that they are looking for getting a bigger one soon which clearly means that team expansion is happening with high pace.
Fourth - Asian tour.
By the end of September Lisk team is going to visit Shanghai, Mumbai, Tokyo and Seoul. Goal of this tour is to make a lot of connections with investors and exchange markets which should result with bigger Lisk adoption on huge Asian market.
Fifth - SDK release.
By the end of the year Lisk team announced SDK alpha release. SDK stands for Software Development Kit which is basically set of tools that will help developers easily create their own applications on the Lisk blockchain.
Along with SDK release we can expect Lisk team to start using funds for marketing and hunting Javascript developers all over the world to join Lisk, decentralized Javascript blockchain platform.
Sixth - Inflation decrease.
By the end of November, Lisk inflation will drop from 15 percent a year to 11 percent a year, which means less Lisk supply on the market while the demand of Lisk keeps rising. It’s comparable with Bitcoin halving and in the end it will result in bigger Lisk price.
Last, Seventh reason is community growth and Delegate Proof of Stake Algorithm.
If you check the Lisk community it has doubled in the last month. Interest for Lisk is rising exponentially and we all know that the price rises along with general interest for certain product.
Lisk is based on delegate proof of stake algorithm which means that only top, selected delegates are securing the network and getting forging rewards. Every forging delegate is currently getting around 12500 Lisk per month which is a lot of money. A lot of reward money also means that there are many people who would like to become forging delegates and to become a forging delegate you will need a lot of votes from the community. In order to get votes, you will need to be really active and valuable for Lisk ecosystem by doing promotion, coding or any other type of good that other community members will notice and give you their votes. All this means that there are hundreds of people that are incentivized to do great stuff for Lisk ecosystem.
Published 7 years ago
Category Video / BLOCKCHAIN:TV / LISK
