Post
Topic
Board Announcements (Altcoins)
Re: 🔹🅰RK🔹[ANN][ARK] A Platform for Consumer Adoption with SmartBridge🔹
by
Number 1
on 07/01/2017, 20:32:06 UTC
Per the original direction of Lisk management, it was recommended that those interested in becoming delegates for Lisk solicit votes by offering to use the forging rewards on Lisk related projects. Ark was founded to be able to run as a blockchain which can be bridged to Lisk and operate as a blockchain application with Lisk, so Lisk developers would have access to the blockchains bridged to Ark and Ark developers would have access to the Lisk blockchain applications, so it qualifies as such a project. Since there are very few salaried positions with Ark, and the current budget is under $15,000 USD per month, the use of Lisk forging positions as alternate compensation to develop a Lisk related project allows the current funding level to last much longer, and to have the cash on hand for hiring additional developers as blockchain qualified candidates to fill as needs and opportunity arise, to pay for other operating expenses, and for marketing when mainnet is released.

The current operation of Ark is completely within the guidelines originally presented by Lisk management.

 ..."the use of Lisk forging positions as alternate compensation to develop a Lisk related project allows the current funding level to last much longer, and to have the cash on hand for hiring additional developers as blockchain qualified candidates to fill as needs and opportunity arise, to pay for other operating expenses, and for marketing when mainnet is released."

Well this sounds like the way forward. Much fairer! But how can this arrangement be formalized to prevent individual profit taking and encourage ARK Crew delegates to use forged Lisk in the ways you have described?