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LiskĀ (LSK), a JavaScript-based platform that allows developers to deploy and develop their own custom blockchain and decentralized applications, revealed this week that the whitelisting for the first ICO on its platform will kick-off in August.

MADANA (PAX), a platform that provides an easy and intuitive way for users to give consent for others to use their data, will be the first major decentralized application (DApp) to launch on the Lisk blockchain.

On the official token sale page, MADANA details its reasoning for choosing the Lisk blockchain to stage its ICO and launch its application.

They did one of the first successful ICOs of the world, and collected more than 14000 BTC in 2016. This gives them a headstart in funding and development time compared to other projects. The PAX token will be based on the Lisk blockchain technology, which is characterized by high scalability and robustness.

The PAX token will ultimately work to facilitate data transactions on the MADANA platform, rewarding users for sharing their sensitive data every time it is used for an analysis.

MADANA will also offerĀ a number of decentralized information and high-quality analytics algorithms, which can be purchased for on-demand data analysis.Ā Ultimately, MADANA aims to position itself as the privacy and data monetization solution for future DApps on the Lisk blockchain platform.

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Lisk is currently ranked 24th in theĀ AltDexĀ 100 IndexĀ (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More On Lisk

LiskĀ aims to solveĀ several Ethereum shortcomings by making it easy for developers to build and deploy their own decentralized applications in JavaScript. Given that JavaScript is a widely used coding language, especially when compared to Solidity, Lisk has lowered the barrier for developers to create blockchain projects. Each application built on the Lisk blockchain is integrated via customizable side chains, allowing for a more scalableĀ infrastructure. (more)

More:Ā MADANA ā€” Pioneering Lisk ICOs

Related:Ā Lisk: Build Your Own Blockchain With Javascript

Disclaimer: This articleā€™s author has cryptocurrency holdings that can beĀ tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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