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Lisk (LSK)

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: