Hello, I wanna know how is that every few minutes total circulating supply of lisk token is increasing. On coingecko today: 164 433 827, 2 minutes ago it was 164 433 793. I’m tracking it:
In addition after ETH swap total supply drastically went up to 400 000 000 giving you huge space for tokenomics manipulations.
Taking into consideration there aren’t any burning token events it is normal that this inflationary system is unattractive for investors. Recent airdrop will dump the price of token even more. There is no roadmap for 2025 so how you gonna attract new investors if you have nothing to offer?
With the token migration, Lisk changed from an unlimited token supply to a fixed supply of 400 million LSK. This total supply is fixed in the ERC-20 contract for LSK deployed on Ethereum which cannot be upgraded. The contract does not allow creating any new LSK tokens, but only burning existing LSK tokens.
For tokens issued on smart contract platforms, we calculate the Circulating Supply by deducting locked tokens from Total Supply. Locked tokens may include Foundation’s Fund, investors’ locked tokens, team’s locked tokens etc. The addresses of these locked tokens are obtained from the token teams.
The bigger changes in circulating supply, can therefore, for instance, be due to:
The Lisk Ltd. / Onchain Foundation transferring funds to a partner (e.g., as part of grants, joint incentive programs, accelerator programs, …).
The Lisk Ltd. / Onchain Foundation interacting with a vesting contract to trigger an unlock of available LSK tokens. This actually should not change the circulating supply as both the vesting contract as well as the Lisk Ltd./Onchain Foundation wallet are not considered in the circulating supply.
A whale or many users claiming a larger amount of staking rewards.
It’ll take a while for us to start seeing the results of the long term game Lisk is playing.
There are actually more Dapps on Lisk now that there was before migration. These projects require a little bit of time and funding to grow (hence the linear token unlocks). It’s necessary phase that Lisk must go through to reach it’s full potential.
My guess is that in a few months, most of these new Dapps will start rewarding long term LSK holders with airdrops and incentives. I’ve seen this happen with a few L2 projects and I’ll be here to capitalize because we deserve it.
tokens that have undergone significant changes to their tokenomics in the past 18 months:
This means that LSK is on that page because we changed the LSK token economics when moving from a native Layer 1 token to an ERC20 token. It does not have to do anything about how we changed the token economics or how many tokens were minted during the migration. The new token economics were communicated publicly at the beginning of April 2024 in this blog post, almost two month before the token migration and change of token economics became effective.
It is correct that the circulating supply at migration was 153,288,356 LSK and the circulating supply as currently shown on Coingecko is now 183,252,676 LSK. This is an increase of around 30m LSK over 1 year, but does not mean all these LSK have been sold as instead it is rather a result of how the accounting of the circulating supply is done as described above. The main contributors to the circulating supply increase are:
Contribution to circulating supply increase: approx. 9.8m LSK
Note: These tokens are used by market makers and liquidity providers we collaborate with in order to provide liquidity on CEXs (small spreads, larger order book depth), for providing base liquidity for DeFi on Lisk or liquidity to the Across bridge (fast LSK bridging between Ethereum and Lisk wouldn’t be possible without it).
Contribution to circulating supply increase: approx. 6.7m LSK
Note: These tokens have been used to kickstart the Lisk L2 ecosystem by incentivizing many apps for deploying on Lisk and supporting builder programs as those described here.
Contribution to circulating supply increase: approx. 4.5m LSK
Note: These tokens have been used for the Hodlerdrop (1.625m LSK, remaining ~1.375m still to be paid out), Userdrop (~ 2m LSK) and app incentives (app rewards paid out directly to users).
Allocated tokens at migration: 6,250,000 LSK (these are only the non-vested LSK)
Current balance: ~1.1m LSK
Contribution to circulating supply increase: 5.15 LSK
Note: The tokens were transferred out as the Season 1 and Arrakis proposal were passed by the Lisk DAO.
All these allocations to different wallets, their purpose and vesting schedule were described already here. So there is no token printing happening, but the tokens allocated at token migration are being used according to the previously communicated purpose.
I agree though that we can be more transparent on ecosystem spendings so the community can better understand how all of the tokens are used and it is our plan to make more efforts on that going forward.
12.06.2025 - token supply increased to 190.7M - in this tempo we won’t have any lisk left for burning for our 2031 token burn.
17 Dec 2024: 163 647 094
12 June 2025: 190 700 348
That’s 27 053 254 new tokens in less than 6 months.
I guess that this unlock process will speed up in time but let’s just say it will grow like it constantly then:
12 June 2026: 244 806 856
12 June 2027: 298 913 364
12 June 2028: 353 019 872
2028 no 100M tokens to burn and if it will go faster 2027 no 100M tokens to burn. Only possible way would be then to burn from somebody existing wallet and reducing supply to 300M.
