Lisk Launches Simultaneous Campaigns to Empower Blockchain and Energize Community

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Lisk, the powerful Blockchain application platform, has launched an ambitious series of campaigns they say will supercharge the democratic and decentralized nature of their Blockchain while providing a foundation for long term sustainability and success.

Lisk has made a public call for the nomination of new delegates, elected “officials” who perform essential tasks for the Blockchain and who receive forging rewards in exchange for their services.

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Lisk operates on a Delegated Proof of Stake consensus model, where LSK “stakeholders” vote for delegate candidates. To be elected, delegate candidates should show they are passionate about the Lisk community, support the Lisk ecosystem, display an understanding of the power of Blockchain technology, and make a commitment to lowering the barrier of entry for new members while actively identifying beneficial opportunities for Lisk. To further incentivize the nomination of new delegates through the proposal system, for a limited time all registered delegates will be refunded the normal 25 LSK proposal fee.

Lisk CEO Max Kordek said:

“We are excited to announce three major campaigns at once. Lisk is firm in our mission to maintain and grow a decentralized network, and so we look forward to the nomination of new delegate-leaders to foster our community. The cumulative voting power of all Lisk holders decides who will make up the 101 delegates, so it’s purely a community-led decision and that’s the direction we want to take. Sharing the power and incentivizing users is the most effective way to build a Blockchain, and that’s why Lisk is on the rise.”

Simultaneously, Lisk announced a Proposal Contest to the general public. All LSK holders will be able to submit proposals of any kind to the network from now until December 5, 2016. Both new and updated proposals will be considered. After the conclusion of the contest, the creators of three proposals will each receive 5,000 LSK, currently equivalent to $800, and the authors of ten additional proposals will each receive 1000 LSK, or approximately $160. Proposals will be judged by the Lisk Core Development team under a rubric that considers the viability, creativity, thoroughness and clarity of the proposals. Those which offer increased transparency and which promise to more significantly contribute to the Lisk ecosystem will receive additional weight.

Lastly, Lisk established a new Community Fund, a major new program that will help guarantee the long-term viability and foster the overarching development of the Lisk Ecosystem in a decentralized, community-led way. The Lisk Community Fund will be generated from voluntary contributions from LSK owners, who may donate a portion of their cryptocurrency holdings to a fund that will be securely held in escrow until 2019. Lisk Founders Max Kordek and Oliver Beddows are together donating the first 100,000 LSK, approximately $16,000, to the fund.

 

“The new delegate campaign, the incentivized proposal contest, and the creation of a Community Fund are all steps forward for the Lisk ecosystem. Separately, each further progresses our mission to provide the world’s best platform for Blockchain applications. Combined, these campaigns will generate excitement and engagement from our community, the greatest asset Lisk could ever have,” concluded Kordek.

Currently valued at over $16 million, LSK, the cryptocurrency underpinning the platform, sits in 16th place of the most valuable digital currencies. Additional details on Lisk’s new campaigns can be found on the Lisk Blog.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST
2015), a partner at ICO services collective Token.Agency
($750m+ and 90+ ICOs and STOs), director of education company
Blockchain Partners
(Oracle Partner) and ICO event organiser
at leading industry event CryptoFinancing (Europe's first ICO event now
branded Tokenomicon)
– Vancouver native Richard Kastelein is an award-winning publisher,
innovation executive and entrepreneur. He sits on the advisory boards
of some two dozen Blockchain startups and has written over 1500
articles on Blockchain technology and startups at Blockchain News and
has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.  Irish Tech News put him in the top
10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of
Blockchain
at China's first Blockchain University in Nanchang
at the Jiangxi Ahead Institute of Software and Technology. In 2018 he
was invited to and attended University of Oxford's Saïd Business School
for Business Automation 4.0 programme. Chevalier (Knight) - Ordre des
Arts et des Technologies at Crypto Chain University and an Advisory
Board Member of International Decentralized Association Of
Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member
at U.S. Blockchain Association. Over a half a decade experience judging
and rewarding some 1000+ innovation projects as an EU expert for the
European Commission's SME Instrument programme as a startup assessor
and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain
technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels,
Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki,
London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San
Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel
Aviv,  Utrecht, Venice,  Visakhapatnam, Zwolle and
Zurich.  His network is global and extensive.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has
ranged from the Canadian Native Press (Arctic) to the Caribbean
& Europe. He's written occasionally for Harvard Business
Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work
and ideas have been translated into Dutch, Greek, Polish, German and
French. A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world. In his 20s, he sailed around the
world on small yachts and wrote a series of travel articles called,
"The Hitchhiker's Guide to the Seas' travelling by hitching rides on
yachts (1989) in major travel and yachting publications. He currently
lives in Groningen, Netherlands where he's raising three teenage
daughters with his wife and sailing partner, Wieke Beenen.

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