Lisk Blockchain Announces Creation of Swiss Non-Profit Foundation

388

Share with:


Lisk, the decentralized Blockchain application platform, today announced the successful registration of the Lisk Foundation, a Swiss “Stiftung” or not-for-profit organization. With registration of the entity complete, the Lisk project opened their funds to public inspection. As of today, the Lisk Foundation controls approximately $10,000,000 USD in cryptocurrency.

Lisk CEO Max Kordek said:

“In March 2016 we concluded what many consider the first modern ICO – the crowdfunding vehicle of the future. Through thousands of ICO investors, all of whom have made profit to date, we raised the equivalent of millions of dollars to fund what we believe is the future of all application development. Today we’re proud to make our biggest announcement yet, a showing of enormous progress with the creation of a foundation and by making our funding fully transparent.”

Kordek added:

“Lisk continues to blaze new pathways, but we were happy to follow principal virtual currencies lead in establishing a non-profit foundation, a necessary infrastructure, in Switzerland. The Lisk Foundation is tasked with a mission to financially support the development and promotion of the Lisk project overall; its establishment will help guarantee the success of a widely used, next-generation Blockchain application platform.”

Officially based in Zug, the Lisk Foundation will secure and administer funds for the Lisk project. In the spirit of complete transparency, in its first official announcement the Lisk Foundation opened its books to public inspection. Interested parties can view the LSK address 5726759782318848681L and BTC address 3HsSR84zReeBt5fTMESWJ2y18pMo5gz2Sq to view current totals. Additional reporting on Lisk’s 2016 finances will be revealed before January 1, 2017.

Kordek said:

“Since the conclusion of our ICO, the Lisk team has made a number of strategic investments, all within a strict legal framework, and many of which have begun to pay off. We have moved the core team to offices in Berlin, added an extraordinary board of advisors, hired key developers from across the world, created contests to grow our pool of delegates, set and paid bounties to contributors, secured the services of prominent marketers, established a long-term Community Fund, and diversified the Lisk Foundation’s cryptocurrency portfolio.”

Kordek concluded:

“With the Foundation in place, we now have have the team, the funding, and the community to realize the extraordinary promise of Lisk. We end 2016 ready for a tremendous year ahead, and the future for Lisk could not be more bright.”

 

Lisk is a Blockchain application platform that enables its users to build applications from the ground up in JavaScript. The decentralized platform allows for the deployment, distribution and monetization of sidechains onto the Lisk Blockchain. The Lisk network is operated using a highly efficient Delegated-Proof-of-Stake (DPOS) consensus model, which is secured by democratically elected delegates.  The cryptocurrency underpinning the Lisk platform is called LSK.

Lisk was founded by Max Kordek and Oliver Beddows in 2016, in their stellar crowdsale they attracted over 14,000 BTC (approx. USD$11.5m) in funding, making Lisk the most successful crowdfunded entity in German history. Consequently, Lisk has attracted developers from around the world and prominent advisors like Charles Hoskinson and Steven Nerayoff, who have helped foster a growing ecosystem around Blockchain applications and services. Lisk is headquartered in Berlin in the iconic business district at the Sony Center.

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

Visit Website
View All Articles
Chronoform

Get Blockchain News Where You Are!

Join our Linked in GroupLike our Facebook Page
Linkedin Group BlockchainLinkedin Facebook Group