Co-Founder of Lisk (LSK) to invest in MADANA for a second time - Lisk News. Wednesday, October 3
Co-Founder of Lisk (LSK) to invest in MADANA for a second time
The funds are part of his grants program, “The Pioneer’s Vault”
Max Kordek, Co-Founder and President of Lisk, has just announced a second round of investment in sidechain project MADANA. The news was made public via a Medium post, in which the crypto enthusiast informed that €120.000 – roughly $138000 – will be allocated to the aforementioned startup.
According to Kordek, the project – which already received an incentive of €200.000 at the beginning of this year – is again going to see an inflow of funds from the Co-Founder’s grant program “The Pioneer’s Vault”, because of its achievement throughout the year, and what it represents to Lisk and to himself.
“Successful and legitimate blockchain applications will make the foundations of the future Lisk ecosystem. Without them, Lisk won’t have a reason to exist […] MADANA has proved to represent this quality,” he said.
MADANA – which stands for Market for Data Analysis – is a startup that aims to enable individuals to participate in their decentralized data pool, without losing their privacy. Via the issuance of their own token – the PAX – they envision a market where users can buy data analysis results, while rewarding data producers for their efforts.
Kordek highlights that the blockchain-based project has achieved several business and technological milestones, as well as a successful launch of their pre-sale in Germany – which he denotes is one of the first pre-sales approved in that country. Additionally, they filed a patent for an automated procedure for the protection of electronic data, and have published a 59 pages long whitepaper developed by a team of 15 experts in the matter.
“Their combined experience shows that they understand legal, business and technical factors that will ensure MADANA’s success,” Kordek asserted.
About “The Pioneer’s Vault”
The Pioneer’s Vault is a grant program launched by Max Kordek on February this year, to encourage the development of applications on the Lisk Network. The funds come from his personal LSK assets, which accounted – at the moment – for 1,700,000 LSK. Right now, that amount equals to $5,780,000.
By doing this, he expect to attract high-quality developers willing to build top-notch sidechains for the Lisk ecosystem, and his funds are reserved exclusively for this type of projects.
He finished his post by calling out the Lisk community to support and contribute with projects like this, as they will ensure the success of this blockchain in the future.
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
Lisk (LSK) has launched its official mobile crypto wallet - Lisk News
McIntyre Believes “Ethereum Classic (ETC) is the most undervalued blockchain” - Ethereum Classic News
Augur (REP) Price Prediction: Should You Bet On Augur In 2018?
Bytecoin (BCN) Price Analysis: Does Bytecoin Still Have Room To Improve?
IOTA-based Startup Announced “Ultra Light Ledger” Browser Wallet Romeo - IOTA News
Users Can Buy Now XRP with USD, GBP, EUR on Crypto App - Ripple (XRP) News
You need to login to create comments.