this are some funds
0.005 will give LISK a market value of 210.000.000 USD so 1/3 of Ethereum. Personally i would say this is much to high, but we will see how the people will value the LISK.
1. If ronny doesn't want this auction on OPEN.LISK i will still create a new coin for it and will exchange it later manually in "real" LISK. Donwside is, that after the auction, the bidders are not on our platform. So i ronny or openledger is willing to take our word and collateral i think it would be best if he supports us on the OPEN.LISK pair (we would need to get some of this funds and openledger will get the LISK from us later)
2. How big should the collateral be?
- not to small and not to big. i am really tight with funds right now, so what about 5 time the original value? So, if i did the math correct for every 1LISK we need 0,0002 BTC in collateral or the every other bitshare asset as bitUSD etc. or OPEN or META assets as collateral. If you are not comfortable with the collateral ratio just cut some of your contribution.
3. we are still looking for trusted people in the community to hold the collateral. I like the idea that this should be people who didn't contributed Lisk at all.
The contributors right now are:
1. shentist : 2.000
2. onceuponatime: 1000
3. Pheonike: 500
4. llildur: 174
5. liondani: 600
6. tarantulaz 675
7. Erlich Bachman 2000