🐕 Wild Dog Crypto · Evening Commentary (November 3)
To be frank, a blockchain that had been running for ten years shut itself down yesterday: Lisk Chain was shut down on November 2. User services such as Portal and Bridge were closed first, followed by the gradual decommissioning of the remaining on-chain components.
But Lisk isn’t dead—it’s just changing how it operates. The new platform, under the same name, is pivoting to become an enterprise finance platform, bringing accounts, payments, approvals, fiat currency, and stablecoins together in one workspace. It is currently available only in early access.
What about the token? LSK will remain on Ethereum as the new platform’s loyalty token, with a total supply of 300 million and zero inflation. Around 5.2 million unallocated or unclaimed rewards remaining in the staking rewards contract will be burned—after 100 million tokens were burned in September. Assets left on the old chain are not guaranteed to be recoverable, and the platform plans to launch a manual claims process in January 2027.
Put simply: if the best path forward for a blockchain is to stop being a blockchain, what was it there for in the first place? Share your thoughts in the comments.
Source: Lisk official channels + KuCoin, November 3.
Just the facts—no predictions, no shilling. 🐕
Not investment advice.
To be frank, a blockchain that had been running for ten years shut itself down yesterday: Lisk Chain was shut down on November 2. User services such as Portal and Bridge were closed first, followed by the gradual decommissioning of the remaining on-chain components.
But Lisk isn’t dead—it’s just changing how it operates. The new platform, under the same name, is pivoting to become an enterprise finance platform, bringing accounts, payments, approvals, fiat currency, and stablecoins together in one workspace. It is currently available only in early access.
What about the token? LSK will remain on Ethereum as the new platform’s loyalty token, with a total supply of 300 million and zero inflation. Around 5.2 million unallocated or unclaimed rewards remaining in the staking rewards contract will be burned—after 100 million tokens were burned in September. Assets left on the old chain are not guaranteed to be recoverable, and the platform plans to launch a manual claims process in January 2027.
Put simply: if the best path forward for a blockchain is to stop being a blockchain, what was it there for in the first place? Share your thoughts in the comments.
Source: Lisk official channels + KuCoin, November 3.
Just the facts—no predictions, no shilling. 🐕
Not investment advice.