If Lisk software launch on the 24 then how can they offer 85 000 000 lisk to people without even mining or forging or whatever they do?
what is lisk genesis address? how do we know they havn't premined billions of them?
do some reading before coming to ask questions. You obviously do not even know the basics of this project.
https://lisk.io/documentation?i=lisk-handbooks/DelegateHandbook can you point me to the sections answering my question please or just answer my question in simple terms, im not really tech sawy so reading through a long technical doc is really not my cup of tea, just wondering how they are going to give lisk without pre mining/firging them?
This was an ICO. All the coins were pre-mined and sold off. 100,000,000 coins. 85,000,000 sold. Rest to devs and project funds.
Mining for Lisk is called Forging, instead of having it a free for all like bitcoin, Lisk does a DPOS where delegates who are running nodes (101 main ones) will Forge new coins for each block. There can be more than 101 node but only the top 101 will get to forge.
To get to the top 101 place, you need to get votes from other people who have lisk in their wallets. That amount of lisk is equal to an amount of voting rank pushing a delegate higher in the list.
I have a lot of LISK , can you give ( or make ) forging pools? Top 101 Delegates will case more people to buy more and more LISKs to have more voting power to receive the rewards , first 1 year : 5 LISK per block
