Source. Crypto info.com
What is Lisk?
Lisk is a blockchain application platform built to make blockchain accessible by creating a world in which everyone benefits from this technology. Established in May 2016, Lisk is an open source project focused on blockchain accessibility. Lisk's ecosystem offers everyone the opportunity to benefit from blockchain technology through developer tools, cryptocurrency wallets, and a vibrant community.
The name of the token fueling the Lisk blockchain application platform is LSK. It's a utility token used to pay for transaction fees on the Lisk blockchain.
The initial distribution on the Lisk blockchain was 100,000,000 LSK. Since the launch of the Lisk blockchain in May 2016 individuals are being incentivized for securing it. This incentivization is part of every new block and can not be changed. It's called a block reward. The LSK token supply is disinflationary. While the block rewards started out with 5 LSK for every new block, the algorithm behind decreases it every year by 1 LSK.