LSK is the native token of the Lisk platform, which is currently undergoing a major transformation.
Key changes and current events:
* Lisk Chain Shutdown (until October 31, 2026): The Lisk Chain custom network will completely cease operations on October 31, 2026. The project finally transitions into the Ethereum and Base ecosystems.
* Token migration: All LSK coins located on the Lisk Chain network or in staking must be bridged (transferred) to the Ethereum network by October 31. For tokens that are already on exchanges (e.g., Binance) or on the Ethereum network, no action is needed.
* Burning 100 million LSK: As part of the dissolution of the Lisk DAO, a decision was made to burn 100 million LSK (25% of the maximum supply), reducing issuance from 400 million to 300 million tokens.
* Business model shift: Lisk is shifting its focus from L2 infrastructure to corporate financial services (a platform for managing payments and stablecoins for businesses). In the new ecosystem, LSK serves as a loyalty program and a token for paying transaction fees.
