Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
dzarmush
on 06/03/2016, 09:24:02 UTC
Quote from: bitarri on March 06, 2016, 08:37:19 AM
Quote from: Bigcabrito on March 05, 2016, 04:53:25 PM
Quote from: TravelsAsia on March 05, 2016, 04:42:41 PM
Quote from: LiskHQ on March 05, 2016, 03:26:43 PM

Quote from: dotabeard on March 05, 2016, 03:08:14 PM
How will the Lisk of the core team be handled? Is it split between you two, or will it be split under the full team? How much will be sold on the market, and when?
Additionally, are there plans for a bug bounty program?

It will be split between Oliver and me. That means 4M to Oliver, 4M to me. You will be able to see the addresses on the blockchain explorer. How much and at what time (or if) we will sell, will depend on many things. But I can tell you that I will hold my LISK for a long time. We have years to come in which we can develop the platform, why should we sell after X months already? Wink

If you plan on holding long term, how about creating a contract that release a percentage of your LISK based on specific conditions? Some factors could be time and market cap.

I agree, this would be an excellent strategy for the developer funds.


+1 vote for putting 8% Devs share under a “scheduled release” contract.


There could be dire ramifications of trusting 8% of the entire Lisk market cap in the hands of 2 guys without any contractual or accountability restriction.

Lisk is run by 2 guys + 1 lawyer only, so you can't really compare it to, Facebook who had 4000+ employees & an army of outside lawyers & underwriters when it IPO'ed in 2012.

Even wall street IPOs have contractual lockup periods of 90 to 180 days to prevents employees & insiders from selling their shares.




Lisk core team doesn't tell you what to do with your share. Why the fuck you think you can tell them what to do with their share? ICO terms was clear. Take it or leave it.