Lightstreams ICO Review And PHT Token Analysis



5 months ago

Lightstreams ICO About

Lightstreams ICO review: Ethereum-based blockchain protocol that specialises in supporting Decentralised Applications (DApps) that require high speed and privacy for sharing content. The protocol is designed to be an open ecosystem that is version compatible with the main Ethereum protocol such that existing developer tools and libraries can be using with Lightstreams. DApps are a new breed of application that run on a peer-to-peer network in contrast to traditional applications that run on centralised servers. DApps promise to revolutionise almost every industry by removing the reliance on intermediaries to manage interactions between users in a system. In turn, this disruptive technology will unbundle many markets and open the way for new business models that are more efficient, have lower costs and can democratise access to all.

Lightstreams key differential is it solves the problem of blockchain data storage when sharing content between users. Data storage size, speed and privacy are key elements for any DApp to be viable. Current blockchains can only store a limited amount of data and high fees are charged for this service. Lightstreams allows for uncapped data storage with no associated blockchain transaction fees. Current blockchains also have slow transaction speeds which can make the user experience of DApps seem unresponsive in comparison to traditional applications. Lightstreams solves both transaction speeds and data transmission by utilising a fast consensus mechanism and a peer-to-peer file sharing respectively. Finally, current blockchains have next to no privacy. Lightstreams solves this by designing an award-winning file sharing protocol call Permissioned Blocks that bring both privacy and confidentiality to sharing content.

Lightstreams ICO Categories


Lightstreams ICO Review

Lightstreams ICO review: it addresses one of biggest questions floating around in the world of Blockchain and Cryptocurrencies and that is whether it is scalable or not and what’s stopping the Blockchain to becoming mainstream. Lightstreams Photon Token is about to be launched and it has already created ripples in the Blockchain Market as Lightstream’s technology is capable of emerging as the solution to current limitations of Decentralized Apps and Blockchain projects running on Ethereum’s Smart Contracts protocol. As Lightstreams seems to make an honest attempt with a very convincing answer to these questions it is important to understand how.

Though digital currencies developed with the aid of Blockchain Technology are now more popular than ever, there’s still a long way to go for them to become the mainstream alternative for payment transfers and transactions. Ethereum’s Blockchain allows for a Smart Contract feature making it easier for businesses and startups to develop their own tokens with their own pre-defined terms and conditions, however, the pertinent problem of scalability haunts all such protocols as they fail to provide a solution to issues of data protection and privacy and also with growing congestion on Ethereum’s Blockchain and with its Proof of Work Consensus mechanism the transaction verification process is extremely slow and the wait time for transaction processing is constantly increasing. As of last month, the wait time on Ethereum’s Blockchain was as long as 6-8 hours. Moreover, the transactions costs are higher. Adding to the problem is growing security concern as complete decentralization followed by POW (Proof of work) protocol allows every node on the network an access to the data which is crucial. The problem of data storage when sharing content on Blockchain network is a major hindrance to developing decentralized apps.

Lightstreams addresses these three major problems of Data storage, slow transactions speed, and data security and confidentiality. What’s exciting about Lightstreams technology is that it provides a convincing solution to the problems which is stopping blockchain to go mainstream and also provides Businesses and DApps with enhanced privacy controls and faster transactions. It is a modification of Ethereum protocol with added security and faster transaction processing abilities while still being compatible with Ethereum’s ecosystem. This means that Lightstreams is developed on Ethereum’s Blockchain but it allows for faster transaction processing, lower transaction costs, and most important of all an unbreachable data security.


Lightstreams Network promises its users with great user experience and most important of all it provides the Blockchain projects with necessary tools which are fully compliant with various Data privacy regulations. While the upcoming European General Data Protection Regulation (GDPR) enforcement on 23d May is threatening the operations of a number of Blockchain Projects because of an inherent lack of Data and privacy Control for the users the noncompliance with data privacy may lead to their closure and amount to a violation of data privacy regulation. Hence, it is very important for such Blockchain projects to resort to a Network protocol that helps overcome such issues and makes the operations compliant with existing and upcoming Data privacy regulations. The Lightstreams Network offers a complete solution to such Privacy compliance requirements and it wouldn’t uncommon to see several Blockchain projects shifting to the Lightstreams’ Network in very recent future.


Decentralization has already been redefining the existing and upcoming business models. DApps stand for Decentralized Applications and unlike traditional applications that run on centralized servers Decentralized Applications run on peer to peer networks. The Ethereum Smart contract feature along with its Blockchain technology has fairly set the road ahead for DAPPs but there are limitations. While DAPPs are the future of Blockchain projects the existing technologies do not provide a comprehensive solution addressing the scalability issues of such protocols. Here it is important to understand that as more and more businesses are becoming decentralized the Market for DApps will take quantum leaps in terms of growth. Lightstreams is looking forward to spearheading the market providing the essential network helping overcome the limitations of the current generation of DApps. You can think of Lightstreams as the ultimate resort of Blockchain Projects and DApps facing scalability issues on Ethereum’s or other such Networks that fail to provide Data protection and fast transaction processing.


Lightstreams in terms of technology is much ahead of its competitors and existing Blockchain networks. Comparing Lightstreams on these parameters which are essential to scaling we can get a better picture of why Lightstreams has a potential of becoming an indispensable Network for Dapps and other Blockchain projects.

> Data Storage - Storage of Data on a Decentralized network is essential to scalability and operations of any decentralized app or Blockchain project the current solutions fail to offer flexibility in terms of volume and cost-effective storage. While on Ethereum’s Network only a limited amount of data can be stored it also charges a fee for data storage restricting the use of such data storage. This negatively impacts the ability to scale and expand in terms of innovation and reachability.

> Speed - The transaction processing speed of Ethereum’s network is very slow and its block time is around 14 seconds which with increasing traffic on its Blockchain is becoming a serious concern for scalability of major Blockchain projects. While they are relying on solutions like sharding it is yet to be proven and tested.

> Privacy Protection - Privacy protection is the most important aspect that has been limiting the Dapp Market and other Blockchain projects from scaling. While there are projects like Swarm and ZK snarks that do tend to offer a solution but they have costs attached to it (Swarm) and fail to offer the privacy protection (Zk- Snarks).

The Light stream network not only assures of Data privacy and protection, it also allows for storage and transfer of large files along with a much better transaction speed when compared to other Blockchain Networks. It is based on Proof-of-Authority Consensus mechanism for issuing new blocks and securing the Blockchain. The Lightstream Network will also make use of Tendermint consensus which will give an approximate block time of just 1-3 seconds.


There’s not an iota of doubt the Lightstream has a promising technology and has all the attributes of becoming a leader in the DAPP market given how convincingly it offers a solution to major problems Blockchain projects are facing today. Being a part of this innovation is definitely a chance you wouldn’t want to miss. Lightstream will be operating through its own token called Photon (PHT). The maximum cap for Lightstream token sale is $20 Million and a total of 165, 000,000 Photons will be sold during the open sale. A soft cap for initial sale is 300,000,000 photon.

On top of the bright prospects of Lightstreams technology, there is much more to this Project which makes it exclusive and one of the hottest upcoming ICOs. There is a big question mark on what could be the best solution addressing the questions of scalability of existing and new blockchain projects and major investments are coming in for developing such solutions. Lightstreams Network is one of its kind solutions and it is very likely that it quickly becomes a hot favorite and the only question that remains is how to make it to the Presale and Crowdsale of Lightstream ICO.

Moreover, as Lightstreams is all set to launch their ICO, it boasts of a performance-driven, strong and diverse team of experienced experts. Michael Smolenski, CEO Light streams, an ex Goldman Sachs software Engineer, has a proven record of contributing to several successful Blockchain ventures including a range of awards (Consensus Blockchain Hackathon 2017 applying Lightstreams technology to micro-insurance, Santander Bank Global Distributed Ledger 2016 for a Real Estate blockchain concept called Midasium and Citibank Mobile Challenge 2015) to his credit. With specialized industry experts like Nick Brown (Business Development Head) and Steve Keane (Digital Design Lead) who have a vast pool of experience of over 20 years, the team behind Lightstreams is versatile. The Advisory board hosts experienced experts across the spectrum and is equally diverse and successful.


Anybody who’s keeping a close watch on what’s happening in the Digital world today knows that Data Protection and Privacy is the talk of time. Be it blockchain projects which offer distributed ledgers and decentralized data storage or other projects like Facebook where everything is fairly centralized - Data storage and privacy is important so much so that even the governments are responding with stricter data privacy and protection regulations. In the wake of such measures, a threat of closure looms over a range of blockchain projects in particular because of the absence of a Network protocol which allows for quicker transfers, storage, and data protection. Lightstream is the key to unlock the potentials of Blockchain as it offers a proven solution to all major concerns of scalability. It will be the hottest upcoming ICO as it offers a long-term and trusted solution developed by an equally trusted and strong team of experts.

Lightstreams ICO Comments

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  • 5 months ago Peter Garland

    How do Livestreams aim to solve existing privacy issues?

  • 5 months ago Red Willis

    The Lightstreams design focuses on the requirement of privacy, ... and health sectors are prime examples where confidentiality is essential when dealing with ... The Ethereum blockchain has the capability to store limited data that is not ... blockchain allows for an associated smart contract to manage

  • 5 months ago Draymond Green

    How does Lightstreams approach this blockchain privacy issue?

  • 5 months ago Hunter Levesque

    The approach is two-fold: the peer-to-peer IPFS database guarantees highly-secure and encrypted storage of sensitive information, free of the shackles of centralisation (whilst also storing potentially confidential data off-chain).

  • 5 months ago Hunter Levesque

    Here's a fantastic review of Lightstreams. Very insightful!

  • 5 months ago Hunter Levesque

    Why is it a misconception that private blockchains offer you security?

  • 5 months ago Gabriel Stephen

    On the surface, most of the supposed applications for private Blockchains are issues that can be solved with a simple shared database (or a Google Sheets document). The biggest public Blockchains operate on Proof-of-Work (we’ll soon see Proof-of-Stake adoption), which ensures security due to significant expenditure on the users’ part. Miners that act dishonestly, under a PoW scheme, operate at their own financial loss. With a private Blockchain, there is no such incentive. The integrity of the database is the only as strong as the honesty of each participant. The security framework is not so much trustless as it is a social contract: nodes are expected to behave, but can act maliciously until they are removed, usually by the consortium through an off-chain decisioning process.

  • 5 months ago Jonas Panerio

    What industry sectors can benefit greatly from Lightstreams application?

  • 5 months ago Klay Thompson

    According to CEO, Mike Smolensky, "The protocol opens up lots of exciting new opportunities, for example peer-to-peer content sharing whereby artists can publish and sell content directly to fans. It could also be used in healthcare, enabling patients to retain and manage their health records on their own devices which they can then grant access to and share with medical physicians and third parties when needed. Right now this isn’t possible because of limitations of privacy within DApps.”

  • 5 months ago Draymond Green

    Lightstreams really picking up steam. Here's a great review from Coin Crunch!

  • 5 months ago Draymond Green

    And another one from Crypto Fairy as well!

  • 5 months ago Peter Garland

    I’m curious if the team has dapps already in the works to build off the platform?

  • 5 months ago Paul Walterson

    Do you have any ideas of the duration of the formative period before supply begins to increase?

  • 5 months ago Red Willis

    New coins will be minted for block rewards to miners. The max supply and monetary policy will be managed by using the TCG voting process.

  • 5 months ago Red Willis

    There has been a bunch of interest from devs to get dApps running on their chain. No announcement made as of yet though.

  • 5 months ago Jonas Panerio

    Has the Token Sale begun?

  • 5 months ago Red Willis

    Not yet. It'll start this coming May 30th

  • 5 months ago Dustin Foreman

    Has Lightstreams considered placing ERC20 Tokens that at least can be distributed?

  • 5 months ago Jonas Panerio

    TraderCobb recently interviewed the CEO of Lightstreams --->

  • 5 months ago Klay Thompson

    New interview by Tech Bullion with Lightstreams CEO - Michael Smolenski:

  • 4 months ago Steve Kerr

    Lightstreams CEO has released an update regarding the token sale. The Token Sale hard cap is ETH 80,000 or $20,000,000, whichever is reached first. The Photon token price in ETH will be calculated at the Token Generation Event (TGE). "We are raising a maximum of $20m. Only 55% of tokens will be sold during the Token Sale. Metrics are consistent with the white paper."

  • 4 months ago Meghan Lambert

    it addresses one of biggest questions floating around in the world of Blockchain and Cryptocurrencies and that is whether it is scalable or not and what’s stopping the Blockchain to becoming mainstream.

  • 4 months ago Meghan Lambert

    it addresses one of biggest questions floating around in the world of Blockchain and Cryptocurrencies and that is whether it is scalable or not and what’s stopping the Blockchain to becoming mainstream.

  • 4 months ago Peter Garland

    Any feedback about this? How did they performed on their token sale?

  • 4 months ago Peter Garland

    Pretty ambitious. Because of the hype they got they increased their cap. Hmm.

  • 4 months ago Paul Walterson

    They haven't made any announcement about it. Hopefully they will consider.

  • 4 months ago Red Willis

    Even though CEO is very good, the rest of the team is average in our opinion. This wouldn’t be a big problem, but there is only one blockchain developer and one frontend engineer. 5 advisors are listed on the webpage and 3 of them has Lighstreams on their Linkedin profiles. Their profiles are quite impressive in our opinion and their combined skills are well suited for this project. We have individuals with strong start-up background, serial Founders of projects, serial CEOs, experienced blockchain and ICO advisors. John has multiple years of experience in Trivago, Dimitri is a head of research and co-founder of Ocean Protocol. The only disclosed partner so far is CoinLab, but project has successfully raised 300K in seed round from strategic partners.

  • 4 months ago Paul Walterson

    They just changed it from Mainnet to Erc20.

  • 4 months ago Dustin Foreman

    I think Lightstreams will only run KYC not whitelisting. It was mentioned by one of their admins when I asked it on Telegram.

  • 4 months ago Red Willis

    No full announcement has been made about it although they are sure to do KYC but for whitelist they are actually considering it as its very important.

  • 4 months ago Red Willis

    ICOPicker is currently running a pool for Lightstreams. You might want to check it out on their Telegram channel.

  • 4 months ago Dustin Foreman

    Can you provide details about the pool they're running?

  • 4 months ago Red Willis

    Details is here: then you may join the channel here: and here

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Token Info

  • Symbol/Ticker PHT
  • Platform Ethereum
  • Type ERC20
  • Bonus Yes

Presale Info

  • Presale Price 0.15 USD
  • Presale Start Date 05/30/2018
  • Presale End Date 06/30/2018

Investment Info

  • Tokens for Sale 165000000
  • Total Token Supply 165000000
  • Price Per Token 1 PHT = 0.15 USD
  • Soft Capital 2,000,000 USD
  • Hard Capital 20,000,000 USD
  • Accepting ETH

May 2017 Prototype

Proof of Concept was demonstrated at Consensus 2017 Hackathon.

Q2 2018 Token Sale

First tokens for fueling the network are available for sale.

Q3 2018 Authority Nodes

Launching of network infrastructure.

Q4 2018 Self-Governance

Commencement of decentralised governance where token holders decide policies.

87% Ian Balina
89% Diddy Carter
92% Oh Hey Matty


  • 47.2%
  • 87.0%
  • 87.7%
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5 months ago

  • Token PHT
  • Platform Ethereum
  • Price 1 PHT = 0.15 USD
  • Soft Capital 2,000,000 USD
  • Hard Capital 20,000,000 USD
  • Accepting ETH
  • Country Estonia
  • Restrictions China
  • Know Your Customer Yes
  • Whitelist Yes

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