What are they trading if it was not released yet
They trading a token that (according to Yobit) will convert to Lisk after the launching date.
But I thought Lisk said that Yobit took it upon themselves. Does it mean that the IOUs people are trading right now may or may not be converted to real lisk?
Anytime you trade on a centralized exchange, you are already working off IOUs. Just somethng to keep in mind.