Connect with us

Altcoins

OKEx lists Lisk [LSK], price goes up by 8% in a few hours

Anirudh VK

Published

on

OKEx lists Lisk [LSK], price goes up by 8% in a few hours
Source: Unsplash

Prominent exchange OKEx added support for the Lisk [LSK] token earlier today. The Lisk token is the token used as a currency on the Lisk blockchain.

The Lisk project also enables developers to build blockchain applications using JavaScript. It offers developers custom sidechains to build decentralized apps on the Lisk mainchain. The mainchain will later become the future hub for all the sidechains. The Lisk platform is not live as of yet.

The developers quote the reason for using JavaScript as it is the language of the Internet, saying it is the most commonly used programming language in the world. It uses the Delegated Proof of Stake [DPoS] protocol for consensus, removing it from the risk of 51% attacks.

The token has a maximum circulating supply of 106 million Lisk tokens. The block reward for blockchain will be 5 for the first year, 4 tokens for the second year, 3 Lisk for the third year, 2 for the fourth year, and will finally reduce to 1 token, resulting in an inflation rate of about 1% after the last decrease.

The price of the Lisk token was trading around the $8 mark over the week, with a spike seen on May 29th. The price quickly rose from $8.08 to $8.62 within a few hours. While it did see a small drop on May 31st from $8.69 to $8.35, it gained back its losses over the next day.

There is a potential for a rally forming as the price shot up from $8.63 to a high of $9.33 earlier today. It broke the $9 resistance with abandon, as it demonstrated a growth rate of 8.1% in just a few hours!

Twitter user Jurgen Houtepen said:

“nice job. can you pls add @ZebidataIndia dear Okex team?”

Lois Cabali said:

“Still waiting for credits. When r u gonna list it?”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.

News

Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more

Jibin M George

Published

on

Crypto News – 24 June

Erik Voorhees on Bitcoin: According to the CEO of Shapeshift, Bitcoin’s relative traceability has allowed governments to become comfortable with it

Read more at https://bit.ly/2WVviJW

Max Keiser on gold’s ‘resurgence:‘ Max Keiser made news after he stated that Bitcoin’s growing popularity as a competing store of value and millennials were responsible for gold resurfacing in the conversation about store of value assets

Read more at https://bit.ly/2Xve2zp

Tron back in the top 10: A month after CEO Justin Sun promised to get Tron back in the top 10 of the world’s largest cryptocurrencies, TRX surged by over 6% to achieve the same by overtaking Cardano

Read more at https://bit.ly/31TXekX

Bank of International Settlements on Libra: While talking about Facebook’s Libra, BIS’s report attested to the need for sound public policy, financial regulation, competition regulation, and data privacy regulation

Read more at https://bit.ly/2Fsoptu

Bitcoin short futures position on the rise: According to a Twitter user, 70% of all Bitcoin short futures position are taken by four traders

Read more at https://bit.ly/31Om4CQ

LocalBitcoins’ Russian Ruble trading charts: According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement

Read more at https://bit.ly/2JgRWYz

Howard Chu on Monero: According to the Founder of Symas Corp., Monero was “outstripping” other projects in the space which have larger budgets, in light of the new features added to Monero

Read more at https://bit.ly/2Y8IsEQ





Subscribe to AMBCrypto’s Newsletter


Continue Reading