The Berlin-based startup MADANA will begin on 1 August, the process of waitlisting for presale tokens PAX. The upcoming campaign will be the first major ICO, to be held on the blockchain Lisk.

šŸ“¢ Starting August 1st, @MADANA_HQ opens up the whitelisting process for its pre-sale. This marks a huge milestone for the whole #Lisk ecosystem. We are proud to support #MADANA in its mission to give power over the #data back to the users via the #blockchain. Read on in #blog below. šŸ‘‡

ā€” Lisk (@LiskHQ) 26 July 2018

The MADANA team is developing an open platform for data analysis, putting in the forefront their privacy. Based on the blockchain Lisk ecosystem will allow users to control their data, as well as offer solutions for their anonymous monetization.

In addition, the project aims to provide processing methods that will comply with the provisions described in the may EU Regulation on the protection of the shared information (GDPR). This, in turn, will create new business models for the future of decentralized applications (DApps).

“One of the main advantage of using Lisk is a technology Saidjanov. Deploying a private sydeny, dApps can better be designed and scaled without the fear that working on other circuits other dApps will have a negative impact on them. Upcoming release Lisk Core 1.0 will be an important step in the implementation of this technology,” ā€” said in a blog MADANA.

The startup team also notes the role of the CEO Lisk max Kordek, who from the beginning acted as his adviser, and in February of this year invested in MADANA 200 thousand euros from its own Fund to invest in promising sydeny Lisk.

ICO MADANA is carried out with the approval of the Federal office of financial supervision of Germany (BaFin). As they say on the campaign page, the project has established hardcap in the amount of 37.5 million euros. Main stage ICO begins on September 1, 2018.

We will remind, earlier this year analyst with the independent rating Agency Weiss Ratings Juan Villaverde criticized the excessive, in his view, the focus of the platform Lisk on siddaiah, also putting into question its competitiveness among other leading platforms to develop blockchain-based applications, such as Ethereum, EOS and Cardano.

Representatives Lisk, however, disagreed with this assessment, noting that the platform has tools to simplify the work of developers that want to create a new sidechained or use an existing one.