Max Kordek, the co-founder and president at LiskHQ, announced the launch of a new $50 million fund, reserved for investments in promising Lisk sidechain projects that will raise money through ICOs.

The fund is entirely based on Max’s personal LSK assets, that pledged 1,700,000 LSK to this initiative.

This unexpected news comes just a week before the relaunch event, further increasing the enthusiasm of the community.

This great initiative will boost the development of high-quality sidechains, attracting the best talent and creating a lot of benefits for the Lisk ecosystem.

The financial support will be the vehicle to help to turn ideas into real products: investments will be valued in the range from 5,000 EUR to 500,000 EUR, according to the Lisk price at each time, and they are not limited to one-time only.

In the long list of disclaimers, Max highlighted that receive an investment does not mean to have him as Advisor, nor that he is endorsing the project, as The Pioneer’s Vault does not provide investment advices.

Probably in the future there will be other incentives for developers and entrepreneurs and it will be possible to see hundreds of sidechains running on Lisk platform. Nowadays there are only 4 projects that intend to conduct an ICO or already have an ICO running on Lisk, as sum up by Invest in Blockchain article: Sapiens, a project that aims to decentralize every aspect of the academic and certification system (read here our interview to the Founder); Mooseicon, a decentralized organization for musicians; Moracle, a decentralized and programmable oracle and CoinAngels, a startup accelerator that helps digital driven companies in their early stage.

If you have in mind to develop a project based on sidechains you can apply to The Pioneer’s Vault sending an email to [email protected] with information about your idea.

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Lisk Magazine is a project supported by Lisk Italian Group.