Lisk is founded from the team behind Crypti - Olivier Beddows, CTO and Max Kordek, CEO. Both the founders were previously active members of the Crypti Foundation. Lisk started out because the founders disagreed with the direction that Crypti is taking. They forked Crypti used a decentralised startup model instead of a foundation model in progressing this cryptocurrency.
Lisk conducted an ICO in early-2016 that raised 14,079 BTC and 80,696,177 XCR which totalled about $6.15 million at the time of the ICO closing. A total of 100 million Lisk will be distributed to the following:
- 85% for ICO participants
- 8% for the core team
- 4% for campaigns and bounties
- 2% for advisers and partners
- 1% for social bounty campaigns
There is a block reward of 5 LISK for the first year which goes down by one LISK every year until a stable block reward of 1 LISK per block.
Lisk has already been deployed to Microsoft Azure’s ‘Blockchain as a Service’ (BaaS).