Blockchain Investor Analysis

Lisk

LSK
Current Price $1.11 (-3.35%)
Lisk (LSK), founded in 2016, seeks to bridge the gap between the everyday developer and blockchain technology. The platform provides users with a suite of tools that make developing apps easier. To top it off, all apps are made using the most common development language in the world: Javascript.

Our Rating:

Market

Problem that it solves

Lisk aims to make blockchain app development easier by providing developers with a set of tools to build blockchain applications in Javascript.

Customers

Developers—of virtually any kind of app—may be drawn to Lisk.

Value creation

Adoption of the LSK token gives you access to the platform and enables you to develop applications on it.

Market structure

The market for Lisk is still emerging, and the potential is strong. Lisk could be adopted by developers serving a wide variety of industries.

Market size

The market for blockchain applications is substantial.

Regulatory risks

Lisk has a relatively low risk of attracting the eyes of regulators. In some ways, it's like a common area for developers, which presents a relatively low risk of corruption and abuse.

Average Market Score

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Competitive Advantage

Technology/blockchain platform

Lisk uses its own blockchain network.

Lead time advantage

Lisk has been around for much longer than many of its competitors. However, it is facing fierce competition in its market.

Contacts and networks

The Lisk team doesn't have some of the big name contacts other projects boast. However, they are well-grounded in the coding and development space.

Average Competitive Advantage Score

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Management Team

Entrepreneurial Team

The team has had successes but Lisk is the most relevant laurel in their portfolio.

Industry/technical experience

Lisk has been alive and kicking since 2016, so the team has certainly earned their stripes.

Integrity

The Lisk team has so far avoided significant controversy, aside from some relatively innocuous rumors regarding how and why Lisk was founded.

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Token Mechanics

Token required

Yes, you need the LSK token to use the platform.

Value added

LSK is required to develop applications on the Lisk blockchain. Beyong that, LSK has little to now value.

Decentralized

Lisk is decentralized—even to the point of rejecting the formation of a legal entity as it was getting started. Consensus delegates are democratically elected.

Token supply

Lisk initially minted 100,000,000 LSK, but because it issues block rewards and doesn't have a cap on them, the final number is infinite. The block reward will drop to 1 LSK in October 2020, which may help control the value of LSK.

Public exchange

Lisk is available on several major exchanges, such as Binance, Kraken, and Bittrex.

MVP

The Lisk blockchain has been live since 2016.

Average Token Mechanics Score

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User Adoption

Technical difficulty

The Lisk blockchain network is more complex than many of its peers, especially in regards to its use of sidechain. However, since it uses Javascript, it is easier to develop apps on it than other blockchain network with their own coding languages.

Halo Effect

Lisk's brand isn't dependent on associations with others. Any success they've experienced so far has been mostly through tugging on their own bootstraps.

Buzz

Lisk arguably is not receiving the buzz it deserves. Despite being around for a long time, it has very little buzz on social media.

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Overall Score

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Blockchain Investor Analysis

Lisk is powered by a compelling idea and a need no one denies exists. They're not trying to be an "Ethereum-killer." Lisk wants to roll out the welcome mat for developers to stroll into the blockchain building. So far, their idealism has been paying off. However, only time will tell if a great idea is going to be enough. They're not the first—and won't be the last—solution that looks to court a wide coalition of developers.

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