MADANA: First ICO announced on Lisk
German Blockchain start-up Lisk intends to have initial coin offerings carried out on its platform in the future. This is to be supported by the Pioneer's Vault - an instrument for financing promising innovations and projects. With MADANA, the first ICO has already been announced.
Max Kordek, founder and CEO of the German blockchain start-up Lisk, addressed the international crypto community with a media post last Wednesday. In it, he announces the Pioneer's Vault, a fund to financially support promising side-chain innovations. The financial resources provided through Pioneer's Vault will provide incentives for entrepreneurs and developers to conduct blockchain projects on Lisk.
As Max Kordek states, with this project he is pursuing the goal of further increasing the Lisk ecosystem. For this reason, he provides 1.7 million LSK from his own fund for this initiative. The focus is on the implementation of Initial Coin Offerings (ICOs) on the Lisk Blockchain platform. In the future, it should be possible for a whole series of sidechains to run on the Lisk platform supporting numerous ICOs. The development of these is driven by the funding by the Pioneer's Vault.
First ICO on Lisk
The MADANA project yesterday also announced the first ICO to run on the Lisk Blockchain. As Kordek and MADANA CEO Christian Junger announced on Medium, the publication of the PAX token on Lisk is due to be completed this year. Already last year we had reported on the MADANA project , and we have also been able to win over Christian Junger for a statement on her decision pro Lisk.
*"Most of the MADANA core team has a history with Lisk. Together with Max Kordek, we founded one of the first Bitcoin Meetups in Germany in 2014. We also started RWTH University's Bitcoin Aachen University Group to learn about blockchain technology and cryptocurrencies.
When Max decided to bring Lisk to life, we held the position in Aachen and did a lot of community work. We supported Max during the founding of Lisk, wherever we were able to and have been Lisk's early supporter since the beginning, and have also invested ourselves because we believe in his platform.
We chose Lisk because Lisk is entering a phase where, in our eyes, it will reach the masses in 2018 with disruptive technology and developer tools as the first blockchain platform. So for us it was a clear thing to be at the forefront of this innovation.
As we noted, the Lisk Blockchain has now reached a maturity stage that will be different from other comparable platforms in 2018. We are proud to announce that MADANA will be the first Blockchain start-up to benefit from Max Kordek's personal Pioneer's Vault and will host the first major ICO on the Lisk Blockchain this year. "*
so young compared to BTC-ECHO.