Lisk Week in Review – 9
Featured in this news update:
– Coincheck announces LSK staking service
– Lisk Foundation Releases Financial Update for December
– Lisk Utrecht Center – annual report 2019
– Delegates’ overview and #heroesnotzeros
Coincheck announces LSK staking service
Coincheck, an exchange service headquartered in Tokyo, announced in a blog post to be the first platform ever to offer staking services for LSK. The Company will share rewards received from staking to Coincheck customers who own LSK in their accounts, but it is not clear if they will create their own delegate or vote for current forging delegates. Their current coldwallet is now holding 10 million LSK (Coincheck’s wallet) and they need 18 million LSK more to get a forging position. It’s possible that there will be a transition period for Coincheck, that will launch a beta version of the service, starting with voting current delegates but aiming at building own delegates in the future. This may penalize delegates that use the forged amount to develop tools for the community, rewarding only who shares high stake.
This statement has been considered a positive sign for the entire ecosystem, but another thought came up: in the new DPOS system they might get many forging positions (probably 7+) and this scenario should be carefully evaluated, in order to avoid further centralization of the network.
We are happy to announce that @coincheckjp will begin the world’s first #Lisk staking service (beta version). It is also going to be the first staking service in Japan.
More information here: https://t.co/vWipMTxGZs pic.twitter.com/PxVP0Kxnoa
— Lisk (@LiskHQ) January 9, 2020
Lisk Foundation Releases Financial Update for December
After that Lisk laid off 40% of its staff, the financial update shows a drastic reduction of the monthly burn rate. During the 2019, the expenses ranged near €1 million per month, but now the total costs are equal to 400,000 €, a 60% reduction.
The current report says that LiskHQ has € 3.6 million and CHF 3.1 million. The Foundation also holds 2,700 BTC, 62,000 GBYTE and 8.8 million LSK, one million LSK more than the previous month. This has been explained in the report: in the second quarter of 2018, the Lisk Foundation transferred 1,000,000 LSK to Lightcurve GmbH to incentivize their employees, but this month they were transferred back.
LiskHQ also announced that they will not publish a Lisk Development update for December, coming back in February with a new format to report the progress.
Lisk Utrecht Center – annual report 2019
Jurre Machielsen, Raphael Cornelis and Sander Mandemaker (The Moosty Team) released the report that analyzes the activities and goals related to the Lisk Utrecht Center. In the early 2019, the team was focused on the creation of a community, while in the second half they looked for a sustainable business model. The coworking space now hosts 40-60 people, that work on 11 blockchain-based projects. In Lisk Center Utrecht they organized more than 50 events and they had over 200 meetings with a variety of companies. LCU raised € 136,000 from donations and spent €130,000, mainly in building the LCU and for interior. The rent of the Lisk Center Utrecht was paid by the Lisk Foundation.
A dedicated article will be published in the next days in Lisk Magazine!
Download here the report.
Delegates’ overview and #heroesnotzeros
According to LiskMonitor, this week Elite lost globally 32 million LSK, GDT lost 12 million LSK and Sherwood -1.6M, while Ascend got +5.9M votes. In these 7 days, endro and 9up.io became forging delegates, pushing down philhelmuth and carolina out of the 101.
At individual level, the biggest individual losses came up for vrlc92 [-1.8M], vipertkd [-1.8M], adrianhunter [-4.5M], iii.element.iii [-4.5M], liskpool_com_01 [-4.5M], philhelmuth [-4.1M], joo5ty [-4.5M], blackswan [-4.8M], Crodam [-4.4M], lwyrup [-4.2M], zy1349 [-4.4M], carolina [-2.8M], liskpro.com [-1.2M] and liberspirita [-1M].
The most voted delegates are: tonyt908 [+1.5M], endro [+2.8], moosty [+4.3M], lemii [+4.3M], liskmagazine [+4.3M], korben3 [+4.2M], liskpoland.pl [+4.2M], minions [+3.7M], gym [+4.3M], jong [+3.7M], sdrpa [+1.5M].
Delegate minions is refunding the 1LSK token to investors that vote for the “Heroes” list (no action required, automatic refund). Read more about the campaign #heroesnotzeros in the dedicated article: “Heroes Not Zeroes: the Campaign to Push Deserving Delegates”