Lisk (LSK) Research Report
Disclaimer: This report is based on information obtained on March 5, 2024, and does not constitute financial advice.
Market Data:
- Project Introduction: Lisk is a blockchain application platform that allows developers to build and deploy their own sidechains using JavaScript. These sidechains, called “Lisk sidechains,” are interoperable with the main Lisk chain.
- Project Release Date: Lisk launched its mainnet on May 23, 2016. The LSK token was released through an ICO in May 2016.
- Market Capitalization: $221,016,459 USD (as of March 5, 2024)
- Current Price: $1.71 USD (as of March 5, 2024)
- Exchanges: Binance, OKX, Bybit, DigiFinex, Bitget, and others.
Competitors:
- Cosmos (ATOM): $7.26 billion market cap
- Polkadot (DOT): $11.49 billion market cap
- Avalanche (AVAX): $16.62 billion market cap
- Solana (SOL): $37.74 billion market cap
Use Cases: Lisk enables developers to build a wide range of decentralized applications (dApps) across various industries, including supply chain management, finance, gaming, and more. It aims to simplify blockchain development and increase its accessibility for developers.
Technology: Lisk uses a sidechain architecture known as the Delegated Proof-of-Stake (DPoS) + sidechain architecture. The main Lisk chain uses a DPoS consensus mechanism, while each sidechain can choose its own consensus mechanism. Lisk utilizes JavaScript as its primary programming language for sidechain development.
Smart Contracts and Audits: Lisk does not directly support smart contracts on its main chain; however, sidechains built on Lisk can implement smart contracts. Lisk does not have a formal smart contract audit available on their website.
Investors and Partners:
- Lightcurve Capital: https://lightcurve.io/lisk (News announcement from October 26, 2022)
- Tokenize Capital: https://lisk.com/blog/posts/new-token-module (News announcement from April 26, 2021)
- Web3 Foundation: https://lisk.com/ (News announcement from February 16, 2018)
Amount Raised: Lisk raised 14,000 BTC during its ICO in May 2016. (Source: https://lisk.com/)
Token Distribution:
- 100% of the LSK token supply (128,900,445 LSK) was distributed during the ICO. There is no maximum supply.
Token Economics and Use Cases:
- The LSK token is used for:
- Paying transaction fees on the Lisk network
- Staking to earn rewards and participate in governance
- Accessing premium features on dApps built on Lisk sidechains
Roadmap:
Lisk’s roadmap outlines several key milestones, including:
- Completed: Launching the Lisk SDK 5.0, enabling interoperability between sidechains.
- In Progress: Integrating Chainlink integration and Lisk Desktop mobile app development.
- Upcoming: Implementing on-chain governance and oracle functionality. (Source: https://lisk.com/learn/undefined/lisk-roadmap)
Team Members:
- Max Kordek, Founder and CEO: https://www.youtube.com/watch?v=6tzbfqZd10o
- Oliver Beddows, CTO: https://www.instagram.com/liskpodcast/
- Travis Boyd, CPO: https://www.wyff4.com/article/greenwood-deputies-searching-escaped-inmate/40326411
- More team members can be found on the Lisk website: https://teamlisk.com/sell-your-home/
References:
- Lisk Website: https://lisk.com/
- Lisk Documentation: https://lisk.com/documentation/lisk-sdk/index.html
