Lisk will launch with a total of 100,000,000 LISK and allocate them according to the following distribution.
1,000,000 LISK for early supporters.
Early supporters who participate in our bounty campaign will receive a total of 1,000,000 LISK. All participants get on a list and will receive the LISK once the mainnet is launched. We will contact every supporter individually on their social network profiles.
2,000,000 LISK for advisors, partners and 3rd parties.
Over the course of the next few months, Lisk will bring onboard advisors, collaborators, partners and other 3rd parties. These may involve lawyers, mentors and companies. Therefore, 2,000,000 LISK will be reserved for these people.
4,000,000 LISK for campaigns and bounties (after ICO).
8,000,000 LISK for the Lisk core team.
The Lisk core team will receive 8,000,000 LISK.
85,000,000 LISK for ICO participants.
All ICO participants together will receive 85,000,000 LISK in exchange for their BTC, XCR, and other altcoins.
All Money is held in Escrow
Everyone who wants to participate in the ICO, should be able to do so with a confidence in our ability to manage the funds. One huge factor in this ability is obviously trust. In order to resolve this issue effectively, we thought very hard on how to maximise the trust you have in us as a team, and have come up with what we feel is a secure solution.
We feel both parties complement each other very well. By having two prominent members with strong judicial, and crypto-currency backgrounds, the multi-signature escrow should provide a solid foundation of trust.
Please be aware that both are independent escrow partners, Coinimal as a company is not involved in this partnership.
Additionally, all XCR will go directly to the Crypti account of Axel Hellinger.
UPDATE: After we have collected over 25M XCR already, we took the safe route and Axel Hellinger created a second Crypti account to which the exchanged XCR will go from now on (27th February, 2016, 12:30AM GMT+1). Axel Hellinger, our escrow partner, is still the only one with access to that account and will keep the passphrase secure until the launch of Lisk.
All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition.
On our website you will be able to get an overview of how much BTC and XCR has been exchanged.
Upon launching the ICO, we will announce the activation of a custom-built website, on which you will be able to participate in the ICO. We have worked extremely hard to make the whole process as simple and user friendly as possible.
On the website, you will need to register an account with your email address. After you have signed in, you will have access to the control panel where you can initiate the exchange of various crypto-currencies like Bitcoin, Ether, Crypti, Dash, Nxt, and many more.
Once an exchange process is initiated, the website will give you a unique deposit address that you will need to send your chosen crypto-currency to.
In the case of Crypti, you will be able to send the coins directly from the website by signing transactions locally in the browser, so your passphrase will not be broadcast over the network. For any other crypto-currencies, you will need to send the funds from the relevant coin’s wallet.
Attention! You should only send one deposit to each address! If you want to exchange more, or different coins later on, you will be able to initiate another exchange process very easily. For every new exchange, the system will create an additional Lisk account that is assigned to the individual exchange.
After the coins are confirmed on the respective network, you will then be able to download your unique address and key pair, that will include your Lisk passphrase. The Lisk passphrase will grant you access to your LISK once the ICO is over.
Attention! We do not save the generated Lisk passphrases anywhere, therefore, before you click on the “Acknowledge Keys” button, it’s extremely important that you save it somewhere secure! Otherwise you won’t be able to access your Lisk account after the ICO is over.
If you have lost any of your passphrases before the Lisk network is launched, please contact us immediately! We will then reset the affected exchange on a case by case basis. However, you will have to send us a small amount from the same crypto-currency account you used in the exchange process (or digitally sign a message if possible).
Today, before the ICO starts we will post another blog post which explains the whole exchange process in greater detail with images. Tomorrow we will also release a video which explains the whole process.
What bonuses can I receive?
There will be 4 stages in which people can earn different bonuses for their exchanged BTC and ShapeShift accepted altcoins. (Not valid for exchanged XCR!)
Axel Hellinger is a German lawyer with over 10 years of experience and also the official legal adviser of Lisk. Paul Klanschek is a prominent member on the Bitcointalk forums since nearly 5 years and CEO of Coinimal.
Both parties complement each others perfectly and provide the best security from the judicial and crypto-currency world. Please be aware that both are independent escrow partners, Coinimal as a company is not involved in this partnership.