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IOU trading places Lisk as third largest cryptocurrency with $250 mln market cap
Decentralized startup Lisk is all set to go live today at 8pm UTC. The launch follows the Initial Coin Offering (ICO) which ran from February 22 to March 21, 2016, raising over $6 million in Bitcoin and other digital currencies.
According to latest official announcement, IOU trading has made Lisk the third largest cryptocurrency with a $250 million market cap. Latest statistics from coinmarketcap.com show that Bitcoin tops the list with a market cap of $6.9 billion, followed by Ethereum with a market cap of over $1 billion.
“The value of each Lisk IOU token has peaked at $7.23. With a present value of $2.5 per Lisk IOU tokens, the total market capitalization of Lisk now stands at $250,000,000, making it the third largest cryptocurrency, taking the place of Ripple, right under Ethereum”, Lisk said.
It further said that that with the launch of Lisk mainnet, the platform has 100,000,000 LSK tokens, which are distributed according to the terms of ICO:
Following the launch and distribution of tokens, the LSK tokens received by ICO participants can be traded on selected exchanges after launch. Lisk recommends using services like Lisk.Fund for large orders. The Lisk IOU tokens traded before launch on various exchanges will be swapped for real LSK.