Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
lebness
on 07/04/2016, 00:42:19 UTC

Just read.. It's been the topic of conversation all day. TLDR: They purchased prob 500k+ list in the ICO, and created an IOU (just like gatecoin for REP, or the early Ethereum Coin). The End

Yes i knoww,but how can to withdraw from ico.lisk wallet,..??


You don't. These are IOUs.

Jane is willing to pay $50 a piece for 100 vibrators
Jane tells her customer the product isn't in yet, however, here's 100 IOUs that are redeemable once the shipment comes in
Jane sells the 50 IOUs to Jill at $60, 50 IOUs to Bambi at $75
Jill and Bambi are betting that Jane really placed the order and not just selling worthless IOUs
Vibrator INC is upset because their product isn't out yet
this really speaks to me. finally an explanation that makes sense!!!