Welcome to the new Lightstreams' channel from official announcements from our team.
Unfortunately, due to the volume of DM's our team members are struggling to respond.
We are currently sourcing more admins for the main Lightstreams channel. Please be patient. 🙏
All, I'd like to take this opportunity to answer some pressing FAQ's that the community has been enquiring about during the last week. We really appreciate all the questions that have come in and do hope this adds more clarity. 😄
https://medium.com/lightstreams/further-clarity-on-questions-from-the-lightstreams-community-a72b2eda57a5
https://medium.com/lightstreams/further-clarity-on-questions-from-the-lightstreams-community-a72b2eda57a5
Medium
Further clarity on questions from the Lightstreams community.
We have been humbled by the incredible response during the last week of the groundswell of those interested in the Lightstreams project…
Future Tech Podcast. Michael Smolenski speacking with Richard Jacobs.
https://twitter.com/lightstreams_io/status/996033928392781824
https://twitter.com/lightstreams_io/status/996033928392781824
Twitter
Lightstreams
Future Tech Podcast. The #blockchain for DApp Speed and Privacy. @mikesmolenski of @lightstreams_io speaking with Richard Jacobs. https://t.co/5ZTXsEWypd @FuturetechP #BlockchainWeekNYC #Consensus2018
Please only use our official channels (check the pinned message) and be very careful for scammers. There is NO info about any presale or ICO, it will be announced in official channels only. Please beware of scams! Admins will NEVER PM you first, always check in the pinned message about who are the official Admins of the channel. If you see any strange activity, please report it to any of the Admins. Thank you!
-FAQ-
What is Lightstreams?
In terms of data storage, current blockchain technology is broken. The cost to store any useful amount of data and the management of data privacy are both major barriers to blockchain's adoption. The award-winning technology already developed by Lightstreams addresses these issues by utilizing a permissioned decentralized storage system integrated into a blockchain network.
Lightstreams Network is an Ethereum-based blockchain protocol that allows advanced DApps to be deployed onto the network. We are a new chain. Our token (PHT) is native to our chain (similar to how ETH is native to Ethereum). Other projects can deploy their own tokens (via ERC-20 contracts) on our chain.
*our whitepaper can be found at: https://s3.amazonaws.com/lightstreams/lightstreams_whitepaper.pdf
So, when you say "Ethereum-based", you will be using the current Ethereum code as a basis? Is it a fork?
It is a partial fork. When we say "Ethereum based" we mean we will be using the latest version of Ethereum code with modifications to extend its capabilities, solving many associated problems while maintaining compatibility with its existing dev tools and ecosystem.
What use cases and industrial sectors are you aiming for, for your privacy solutions?
Our use cases cover pretty much every industry, public or private. There are a few use cases outlined in the WP. We are building the foundation with these added capabilities. It will be up to devs to incorporate these features in to their services. This is part of the reason it's so great we are currently using a modified version of Ethereums codebase. The mostly widely used set of dev tools(IMO) can be applied straight to our protocol.
Will Lightstreams support a subnoscription model, like Netflix, Spotify, Tidal, etc.?
Our aim is for Lightstreams to be a peer-to-peer, torrent style protocol that any project (even Spotify, etc) can use to build their own applications on top of. So, to answer the question, the model for purchasing content will be whatever creative way projects decide to sell content to users.
Will there be an issue with GDRP/is the project GDRP compliant?
GDPR threatens the operation of a number of blockchain projects, due to the lack of privacy controls afforded to users. Many blockchain projects, by virtue of their open nature and lack of data access controls, will automatically be in violations of regulations.
Blockchain projects that choose to build their applications on the Lightstreams network will not only have the advantage of giving the best user experience for their end users but they also can be assured that they have the tools available to be fully compliant in various data privacy regulations.
With whom do you you have partnerships? What DApps do you already have ready to be launched on your network?
We currently have a strategic partnership with TheCoinLab. We will be making some more major announcements about partnerships soon. Please stay tuned.
What is the nature of your partnership with Coinlab, are they advising Lighstreams as a client?
We can't go into that at this time. But we're not a client.
Who can I reach out to regarding project reviews, and other marketing offers?
You can reach out to Marketing@lightstreams.io with any offers.
What is Lightstreams?
In terms of data storage, current blockchain technology is broken. The cost to store any useful amount of data and the management of data privacy are both major barriers to blockchain's adoption. The award-winning technology already developed by Lightstreams addresses these issues by utilizing a permissioned decentralized storage system integrated into a blockchain network.
Lightstreams Network is an Ethereum-based blockchain protocol that allows advanced DApps to be deployed onto the network. We are a new chain. Our token (PHT) is native to our chain (similar to how ETH is native to Ethereum). Other projects can deploy their own tokens (via ERC-20 contracts) on our chain.
*our whitepaper can be found at: https://s3.amazonaws.com/lightstreams/lightstreams_whitepaper.pdf
So, when you say "Ethereum-based", you will be using the current Ethereum code as a basis? Is it a fork?
It is a partial fork. When we say "Ethereum based" we mean we will be using the latest version of Ethereum code with modifications to extend its capabilities, solving many associated problems while maintaining compatibility with its existing dev tools and ecosystem.
What use cases and industrial sectors are you aiming for, for your privacy solutions?
Our use cases cover pretty much every industry, public or private. There are a few use cases outlined in the WP. We are building the foundation with these added capabilities. It will be up to devs to incorporate these features in to their services. This is part of the reason it's so great we are currently using a modified version of Ethereums codebase. The mostly widely used set of dev tools(IMO) can be applied straight to our protocol.
Will Lightstreams support a subnoscription model, like Netflix, Spotify, Tidal, etc.?
Our aim is for Lightstreams to be a peer-to-peer, torrent style protocol that any project (even Spotify, etc) can use to build their own applications on top of. So, to answer the question, the model for purchasing content will be whatever creative way projects decide to sell content to users.
Will there be an issue with GDRP/is the project GDRP compliant?
GDPR threatens the operation of a number of blockchain projects, due to the lack of privacy controls afforded to users. Many blockchain projects, by virtue of their open nature and lack of data access controls, will automatically be in violations of regulations.
Blockchain projects that choose to build their applications on the Lightstreams network will not only have the advantage of giving the best user experience for their end users but they also can be assured that they have the tools available to be fully compliant in various data privacy regulations.
With whom do you you have partnerships? What DApps do you already have ready to be launched on your network?
We currently have a strategic partnership with TheCoinLab. We will be making some more major announcements about partnerships soon. Please stay tuned.
What is the nature of your partnership with Coinlab, are they advising Lighstreams as a client?
We can't go into that at this time. But we're not a client.
Who can I reach out to regarding project reviews, and other marketing offers?
You can reach out to Marketing@lightstreams.io with any offers.
--------
How much did you raise in the seed round?
In our seed round we raised $300k! You can check out this article for more information about that: https://medium.com/lightstreams/lightstreams-300k-seed-round-closed-35f4cc554bf0
Has the Token Sale begun?
A small private round is starting now that is available to institutional funds and strategic partnerships. We will be announcing the opening a pre-sale round shortly.
What are the token metrics?
TICKER: PHT (Photon)
Maximum Cap: $20 million
Total Supply: 300 million PHT
Tokens to be sold: 165 million PHT (55%)
Token price: 0.15$
Blockchain: our own blockchain based on Ethereum
What is the vesting period for the team members of the project that will hold tokens?
Vesting periods for team members will be 2 years. Investor’s bonus terms haven’t been publicly announced.
When will tokens be distributed?
When we announce a specific distribution date it will be posted here in the announcements channel, and sent out via our newsletter.
Will there be KYC?
we have had lots of interest by people wanting to participate in a pre-sale. Right now, we are putting the right processes in place to ensure we comply with global KYC / AML requirements. We will most likely be offering the pre-sale to accredited funds and investors.
What are the KYC terms?
Unfortunately, we cannot accept funds from restricted countries.
"Participation and in the Token Sale and holding of tokens during the distribution period will not be permitted by Restricted Territories Users. ‘Restricted Territories User’ means, citizen, resident of, a person located or domiciled in, or any corporation or partnership created or organized in or under the laws of: the United States of America including its states, territories or the District of Columbia; Israel; Bosnia Herzegovina; Syria; Iran; Ethiopia; Uganda; North Korea; the People’s Republic of China; or any other jurisdiction Lightstreams may add or delete from time to time in the light of the relevant watch lists and as per Lightstreams’ sole discretion."
Is there a newsletter or mailing list?
Yes, you can sign up for it here: https://lightstreams.network/#contact
How much did you raise in the seed round?
In our seed round we raised $300k! You can check out this article for more information about that: https://medium.com/lightstreams/lightstreams-300k-seed-round-closed-35f4cc554bf0
Has the Token Sale begun?
A small private round is starting now that is available to institutional funds and strategic partnerships. We will be announcing the opening a pre-sale round shortly.
What are the token metrics?
TICKER: PHT (Photon)
Maximum Cap: $20 million
Total Supply: 300 million PHT
Tokens to be sold: 165 million PHT (55%)
Token price: 0.15$
Blockchain: our own blockchain based on Ethereum
What is the vesting period for the team members of the project that will hold tokens?
Vesting periods for team members will be 2 years. Investor’s bonus terms haven’t been publicly announced.
When will tokens be distributed?
When we announce a specific distribution date it will be posted here in the announcements channel, and sent out via our newsletter.
Will there be KYC?
we have had lots of interest by people wanting to participate in a pre-sale. Right now, we are putting the right processes in place to ensure we comply with global KYC / AML requirements. We will most likely be offering the pre-sale to accredited funds and investors.
What are the KYC terms?
Unfortunately, we cannot accept funds from restricted countries.
"Participation and in the Token Sale and holding of tokens during the distribution period will not be permitted by Restricted Territories Users. ‘Restricted Territories User’ means, citizen, resident of, a person located or domiciled in, or any corporation or partnership created or organized in or under the laws of: the United States of America including its states, territories or the District of Columbia; Israel; Bosnia Herzegovina; Syria; Iran; Ethiopia; Uganda; North Korea; the People’s Republic of China; or any other jurisdiction Lightstreams may add or delete from time to time in the light of the relevant watch lists and as per Lightstreams’ sole discretion."
Is there a newsletter or mailing list?
Yes, you can sign up for it here: https://lightstreams.network/#contact
Medium
Lightstreams $300K Seed Round Closed
I am happy to announce that the seed-funding round of Lightstreams has officially closed with $300K invested by angels. This means that I…