You will have a token sale? Or how you will distribute your tokens? And where is profit for users if price will be stable?
LibreCash is a stablecoin tied to a one-to-one dollar rate
Hello! Thank you for your question!
In order to avoid misunderstandings, we need to clarify that we have two tokens: LibreCash, a stablecoin - a token with a stable exchange rate. 2 - LBRS token, that is used for managing DAO.
LibreCash already allows you to store funds in the cryptocurrency without fear of loosing it due to rate changes. In addition, you can use a token with a stable rate in trading in a period of exit from volatile assets.
In the future, tokens with a stable exchange rate can be used as well as fiat - to pay for goods, services, issue loans, etc.
Token sale of LibreCash is not planned. The release of tokens into a turnover occurs only through the smart contracts of LibreBank.
You can buy and sell LibreCash for Ethereum using our wallet. Also, in the coming days we are announcing the possibility of exchanging LibreCash for fiat.
Token LibreBank Reserve Share (LBRS) is the share of the entire project, including all assets of the reserve and other funds (security of LibreCash is frozen in the Reserve Fund).
The LBRS token sale is planned in several stages: pre-sale with the auction price, then the main token sail with a price 2-10 times higher than the auction. All funds received during the token sale, as well as the entire potential profit of LibreBank, will be reallocated to the reserve fund and to the development of the project. The increase in the volume of the reserve fund and the successful operation of the project will entail an increase in the capitalization and value of shares, respectively, an increase in the market price for the LBRS tokens.
In the future, there will be an opportunity to exchange LBRS tokens on the assets of the fund (burning, remission).
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