[ANN] LibreCash – stablecoin with transparent proof-of-reserve backing

[LibreBankDAO]

Hello!
For the last six months, we have been working on the development of a stablecoin with transparent security, controlled by smart contracts and a DAO. We would like to share with you the results of our work.


What is LibreCash?
LibreCash is a stablecoin tied to a one-to-one dollar rate, with emissions and token-burning through smart contracts on the basis of the proof-of-reserve principle. Current implementation: ERC20-token of OpenZeppelin.


What is a stablecoin, and why is it needed?
A stablecoin is a coin or a token with a constant, stable rate and no volatility. If the economic model makes it possible to provide a truly stable value, then there can be many ways to use such a coin, similar to fiat currencies but without excessive regulation by authorities and large commissions for withdrawal. Possible uses include the following:

• Predictable storage and accumulation of funds without withdrawal to fiat.
• Insurance of exchange-rate risks for the period of withdrawal from volatile assets.
• For sellers, the pricing of goods and services without the need for constant monitoring due to a constantly changing exchange rate. For buyers, the payment for such goods and services at reasonable prices.
• Micropayments.
• Lending.
• Signing contracts—short term, long term or contracts with deferred payment.

What is the difference between LibreCash and similar projects?
We know at least 15 projects that aim to create a stablecoin. Some of them have already been known for a long time and have repeatedly appeared in the news, while others are only at the stage of concept elaboration.
The main differences:

• Users initiate issue to circulation of LibreCash token after buying it through the autonomous smart contract.The realization is secured by ETH, which is frozen in the reserve fund as a security. When withdrawing tokens from the turnover, the user receives the security from the reserve fund at the current exchange rate.
• The LibreCash economic model is transparent to the user. The number of emitted tokens, their supply, and the exchange parameters are calculated automatically, protected from forging, and available in DApps and blockchains.
• LibreCash is not based on funds in bank accounts and trust funds, and the security is not related to the assets of the traditional financial system. This setup circumnavigates the risks of centralization and regulation, which prevents loss of token value.

What is LibreBank?
LibreBank is a decentralized autonomous organization (DAO) responsible for ensuring the liquidity of LibreCash, the stability of the system, and the financial privacy of its users. The DAO also takes it upon itself to solve technical, commercial, legal, and any other issues related to the development of the system.
When reading this text, please note that when we use the term "DAO," we don’t mean the technical solution of the Ethereum platform or its analog but rather the organization as a whole, which is decentralized and in which the algorithm prescribes certain rules for the interactions of its members.
We will provide special tokens—LibreBank Reserve Share (LBRS), which are the shares of all LibreBank assets and liabilities—to manage LibreBank and provide liquidity to LibreCash. LBRS owners assume the risk of volatility in the capitalization of the reserve and other funds as well as the potential for increases in their value and profit. Holders also reserve the right to vote in the management of the DAO in accordance with their share.





How does it work?
The release of LibreCash into circulation:
1) The user initiates the purchase through a smart contract.
2) The user pays a fee for the release of LibreCash and transfers ETH to the smart contract address. The received commission and ETH are placed in the LibreBank reserve fund.
3) The user receives LibreCash.

Example:
1) Price: 1 LibreCash = 1 USD, 1 ETH = 499 USD.
2) Commission for the release of LibreCash: 2.5% (0.025).
3) The user wishes to buy LibreCash for 2 ETH.
4) The user transfers 2 ETH, paying a fee of 0.05 ETH (2 ETH * a 2.5% fee). 1.95 ETH (2 ETH − 0.05 ETH) is frozen in the reserve fund as a security for the tokens to be transferred to the user. 0.05 ETH are also placed in the reserve fund as additional supply.
5) The user receives 973.05 LibreCash (1.95 ETH * 499 USD).

The withdrawal of LibreCash from circulation:
1) The user initiates the withdrawal of LibreCash from circulation through a smart contract.
2) The user pays a fee for the withdrawal of tokens from circulation and transfers them to the smart contract address. The received commission is placed in the LibreBank reserve fund. The received LibreCash tokens are withdrawn from circulation.
3) The user receives ETH.

Example:
1) Price: 1 LibreCash = 1 USD, 1 ETH = 501 USD.
2) Fee for the withdrawal of LibreCash from circulation: 2.5% (0.025).
3) The user wishes to sell 973.05 LibreCash.
4) The user transfers 973.05 LibreCash, from which a commission in the amount of 24.33 LibreCash (973.05 LibreCash * 2.5% fee) is deducted. The commission is placed in the reserve fund to increase the stability of the system. The user receives ETH equivalent to 948.72 LibreCash (973.05 LibreCash - 24.33 LibreCash).
5) The user receives 1.893652695 ETH (948.72 LibreCash / 501 USD).

What if ETH fell to 250 USD and the user wanted to sell LibreCash? Building off of the example given above, for a total of 948.72 LibreCash, instead of 1.893652695 ETH, the user would receive 3.79488 ETH (948.72 LibreCash / 250 USD).
The funds would be compensated to the user at the expense of the LibreBank reserve fund.

Another example: What if the ETH price rose to 750 USD and the user wanted to sell LibreCash? For 948.72 LibreCash, instead of 1.893652695 ETH, the user would receive 1.26496 ETH (948.72 LibreCash / 750 USD).
The LibreBank would receive a profit from the growth rate, and the funds would be left in the reserve fund to increase the stability of the system.

The idea behind the project is a social and economic risk-distribution scheme in which the LibreCash holder eliminates the risk of losing funds due to volatility but also abandons the profit potential by shifting it to LibreBank and LBRS token holders.


What has already been developed?

• The LibreCash token. The ERC20 standard is implemented in the version from OpenZeppelin with the possibility of additional emission, liquidation, and transfer of rights of the owner. Source code.
• An autonomous smart contract for the purchase and sale of LibreCash for ETH. Source code.
• A web wallet based on MyEtherWallet that enables the purchase and sale of LibreCash for ETH, as well as the transfer of tokens to other users. Source code.
• A decentralized application (DApp) that provides access to information on funds in the LibreBank balance (data from public block explorers), the number of emitted tokens, and the current exchange parameters and informs users about key project events. Source code.
• The oracle system for loading data about the current exchange rates from external sources into smart exchange contracts LibreCash. Oraclize and LibreBank’s own oracle LibreOracle are being used. Source code: oracles, libreoracle.
• The prototype of an autonomous smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation. Source code.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented. Source code.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting. Source code.

What are we working on?
1) The development of the decentralized system of oracles, the mechanism of their automatic ranking, and the deletion of distorted data, as well as the development of the economic motivation model of data providers.
2) The fully automatic emission and elimination of LibreCash tokens.
3) An economic audit and safety audit in the prototypes’ test network of the emission smart contact, the DAO, and the DApp for voting.


Addresses
Mainnet:
Exchanger = 0x869D0969915436e67cBF0E47a2C110333F00604b
LibreCash = 0x72B91D9941E2BCCeCac2358e6bf044E262D7965b
Report = 0x6AF43411Ee83354C53FC6ff1c8987790fa84AE4d

Rinkeby test network:
Exchanger = 0x9F604D4D39968e9b68565BF90050600981c24D20
LibreCash = 0x41766109E5e40BF7bB57Ce7ae49d139baef73920
DAO = 0x658F994a612188A80c99d721Bb8E3Ded8FCe9B9c
Liberty = 0x60072ecff986b0d4715ac21f203a3c8bccdbebdd
Faucet = 0xE8FEf7656F332633362bAB63e0200E80E8fd4d84


Join our team
If you are interested in our project and think that you can help develop, test, or support it, please contact us at info@librebank.com.
We are continuing to form our team and are looking for people who can contribute to the project.


To our partners
We invite for cooperation:

• Exchange services
• Exchange markets
• Wallets
• Payment services
• Escrow services
• Any other projects that benefit from the integration of a token with a stable value

Contact us at  - partnerships@librebank.com.


More information and contacts
Litepaper https://librebank.com/litepaper.pdf
Presentation https://librebank.com/presentation.pdf
Main Web Wallet https://wallet.librecash.com
Main Web Wallet (Test network) https://testwallet.librecash.com/
Simple Web Wallet https://librewallet.io/
LibreCash Website https://librecash.com
LibreBank Website https://librebank.com

Telegram https://t.me/librebankdao
Twitter https://twitter.com/LibreBankDAO
reddit https://www.reddit.com/r/LibreBankDAO/
Medium https://medium.com/@LibreBankDAO/
Blog https://blog.librebank.com


Updates
First weekly software developers report for April 23-27, 2018 https://blog.librebank.com/software-developers-report-for-april-23-27-2018/
Weekly software developers report for April 30 - May 4, 2018 https://blog.librebank.com/software-developers-report-for-april-30-may-4-2018/
Exchange LibreCash to Euro with Paynote https://blog.librebank.com/librecash-on-paynoteeu/
Weekly software developers report for May 7-11, 2018 https://blog.librebank.com/software-developers-report-for-may-7-11-2018/


The moderators of the topic: LibreBankDAO, WalkieTalkie, CryptoMan7245

[1715216071]

1715216071

[q.stik]

Very nice project LibreCash with great potential to succeed!
I believe this project will make waves in the Cryptocurrency world.
Glad to be part of this project.
Good luck team.

[WalkieTalkie]

Thank you for your feedback. All the upcoming announcements will be posted in this thread.

[JoBiLee]

How can you post a thread without the link to the whitepaper? Where can I find all the details about the project?

[WalkieTalkie]

How can you post a thread without the link to the whitepaper? Where can I find all the details about the project?

Thank you for your question. Currently, the Whitepaper is being developed.
However, you can check the Litepaper of our project here.
If you have any questions after reading the Litepaper, feel free to ask them here.

[Dalazar]

A good project. cryptocurrency is tied to real money that's cool. Do you plan to run a bounty campaign?

[AlexNeto]

Really glad to join LibreBank project.

I personally will make sure that LibreCash is exchangeable for major cryptocurencies at current rate, any time and can be usable as medium of exchange and store of value.

Potential LB partners, who is willing to integrate Libre to your services, please contact me to discuss how we can provide liquidity in your preferred way.

Let’s build global payment network based on LibreCash.

[WalkieTalkie]

A good project. cryptocurrency is tied to real money that's cool. Do you plan to run a bounty campaign?

Thank you for your feedback.
Probably, we will run a bounty campaign later. It will be announced here. Please, stay tuned =)
However, for now we have a bug bounty. Please, check it out here

[JoBiLee]

Sorry, I haven't seen the link to the Litepaper. However, I haven't found the information about the token sale. When will the token sale begin?

[WalkieTalkie]

Sorry, I haven't seen the link to the Litepaper. However, I haven't found the information about the token sale. When will the token sale begin?

We will disclose the information about the token sale a bit later.
Also, you may join our social networks in order to follow our upcoming announcements.

Here are the links:

Telegram: https://t.me/librebankdao
Twitter: https://twitter.com/LibreBankDAO
Medium: https://medium.com/@LibreBankDAO/

[herfie.chen]

A good project. cryptocurrency is tied to real money that's cool. Do you plan to run a bounty campaign?

Thank you for your feedback.
Probably, we will run a bounty campaign later. It will be announced here. Please, stay tuned =)
However, for now we have a bug bounty. Please, check it out here

I have read your litepaper and visited the LIBREBANK website and I see a very interesting concept in this project. How to invest in this project ?

[WalkieTalkie]

A good project. cryptocurrency is tied to real money that's cool. Do you plan to run a bounty campaign?

Thank you for your feedback.
Probably, we will run a bounty campaign later. It will be announced here. Please, stay tuned =)
However, for now we have a bug bounty. Please, check it out here

I have read your litepaper and visited the LIBREBANK website and I see a very interesting concept in this project. How to invest in this project ?

Thank you for your feedback! The information about the dates of the token sale will be available soon. Please, stay tuned!

[bmw_e46]

When do you plan to hit exchanges?

[WalkieTalkie]

When do you plan to hit exchanges?

Hello!
Currently, we work at exchange services that can be our partners and will list our token.
As soon as we come to agreement, It will be announced.

[dudo4ka_player]

What will be the price of the token on different stages?

[WalkieTalkie]

What will be the price of the token on different stages?

The starting price of LBRS will be defined via an auction during the pre-sale. The price will later grow during the token sale to 200 to 1,000% of the pre-sale price.

[dudo4ka_player]

What will be the price of the token on different stages?

The starting price of LBRS will be defined via an auction during the pre-sale. The price will later grow during the token sale to 200 to 1,000% of the pre-sale price.

thank you for your fast reply

[m1xmee]

Why should I expect the growth of LBRS price?

[rendiuno]

in my opinion, project librecash is an interesting project and has a very beautiful concept but I want to ask what is the benefit of your project?

[WalkieTalkie]

Why should I expect the growth of LBRS price?

LBRS price growth is expected to take place due to the growth of the DAO capitalization upon the growth of the estimated value of the reserve fund. It will be also explained in the Whitepaper, that will be posted soon.

[JENREM]

What will be the price of the token on different stages?

The starting price of LBRS will be defined via an auction during the pre-sale. The price will later grow during the token sale to 200 to 1,000% of the pre-sale price.

That's great, a very huge discounts offer will surely have a huge potential market.  With is very nice concept, hopefuly soon bounty campaign will be available as many are waiting and willing to particiapte, count me also.

[WalkieTalkie]

in my opinion, project librecash is an interesting project and has a very beautiful concept but I want to ask what is the benefit of your project?

LibreBank’s mission is to create a stable, liquid, and independent world currency, protected from inflation and deflation, beyond the control of any government

[GOSPOD1N]

Have you already implemented anonymous transactions in LibreCash?

[WalkieTalkie]

What will be the price of the token on different stages?

The starting price of LBRS will be defined via an auction during the pre-sale. The price will later grow during the token sale to 200 to 1,000% of the pre-sale price.

That's great, a very huge discounts offer will surely have a huge potential market.  With is very nice concept, hopefuly soon bounty campaign will be available as many are waiting and willing to particiapte, count me also.

Thank you for your feedback! Everything, concerning Bounty program will be posted in this thread. Also, you may join our social media to get all the upcoming announcements.

[WalkieTalkie]

Have you already implemented anonymous transactions in LibreCash?

Anonymous transaction implementation is planned. Possible implementation option: zk-SNARKs.

[GOSPOD1N]

Have you already implemented anonymous transactions in LibreCash?

Anonymous transaction implementation is planned. Possible implementation option: zk-SNARKs.

thank you very much for the answer

[M1ster.tw1ster]

The idea of  inter-platform token transfer without value loss seems great. Do you plan to implement Atomic Swap?

[WalkieTalkie]

The idea of  inter-platform token transfer without value loss seems great. Do you plan to implement Atomic Swap?

Thank you for the feedback. Yes, it is planned to implement Atomic Swap. Also, we consider integration of Waves and Bitshares using Atomic Swap. This is one of the priorities of our project.

[miner_boy]

Hello, team! I see that you are thinking about running a bounty campaign. If yes, then , how many tokens are you planning to set aside for it?

[WalkieTalkie]

Hello, team! I see that you are thinking about running a bounty campaign. If yes, then , how many tokens are you planning to set aside for it?

Hello! The information, concerning the bounty campaign will be announced soon. Please, stay tuned.

[Melanie Rodriguez]

Pretty nice. As I understand, this would be based by App?

[WalkieTalkie]

Pretty nice. As I understand, this would be based by App?

We plan to implement a mobile wallet application, in which it will be possible to buy/store/send/ sell LibreCash. We can't say the exact dates , but it will be published in the Roadmap, that is coming soon together with the Whitepaper.In addition, we are working on the integration of LibreCash in other wallets including mobile versions of them.

Please, check out our Main Web Wallet https://wallet.librecash.com                                                    
Main Web Wallet (Test network) https://testwallet.librecash.com/                                            
A decentralized application (DApp) https://github.com/LibreCash/dapps/

[kl1nkagg]

Just found this thread. Do you have an airdrop?

[WalkieTalkie]

Just found this thread. Do you have an airdrop?

Hello! We do not have an Airdrop. However, we have a Bug Bounty. Please, check it here

[m1xmee]

What I like is that everyone can join and be a part of this project! I enjoy community driven projects a lot. The stronger the community the better the whole project

[WalkieTalkie]

What I like is that everyone can join and be a part of this project! I enjoy community driven projects a lot. The stronger the community the better the whole project

Thank you for your feedback! We are doing our best.

[nafantc]

Applications will be an indicator for investors, will cause them even more trust and respect for the project

[WalkieTalkie]

Applications will be an indicator for investors, will cause them even more trust and respect for the project

What applications do you mean? Please, be more specific.
The current version of the web wallet is adapted for mobile devices.

[Makaroon]

what does it mean that is tied to the dollar 1 for 1? So if you release x tokens, then the account of the project in the bank is stored x dollars?

[AlexNeto]

what does it mean that is tied to the dollar 1 for 1? So if you release x tokens, then the account of the project in the bank is stored x dollars?

Libre is pegged to USD value for the first two years for the reason of easier market  adoption. But this doesn’t mean that LibreBank stores any Federal Reserve issued tokens or use legacy financial institutions services like traditional banks. Instead, there is multi-asset fund, including top cryptocurencies. Diversification will be increased over time and reserve will include wide range of new generation crypto-assets like commodity/real-estate/gold tokens, futures, colaterated crypto-bonds etc, to hedge volatility risks. LibreCash owner have a righ to claim a share of fund equal to 1 USD by  current market value.

Since 2020 Libre target rate will get indexed against  inflation and have a constant purchasing power against global consumer goods basket. That means - you can buy same amount of goods for 1000 Libre in 2030, 2050 2100 as in base year (2020). Unlike dollar and other gov controlled currencies which constantly loses their purchasing power. Inflation is a hidden tax. Libre (as concept) is inflation free global currency.

[Departament11]

and what's the point of attaching a token to the dollar? What does it give?

[bmw_e46]

Why did you develop your own Oracle?

[WalkieTalkie]

Why did you develop your own Oracle?

To ensure stability and independence of sources and rates delivery to LibreBank smart contracts we developed the LibreOracle system

[WalkieTalkie]

and what's the point of attaching a token to the dollar? What does it give?

As It was said above, it gives stable and constant rate in order to avoid volatility that allows to store funds with no risks of loosing them.

[Markiz11]

can I use your tokens for mining?

[svetasokolova11]

If you do not get a soft cap, a smart contract will return eth?

[WalkieTalkie]

If you do not get a soft cap, a smart contract will return eth?

Hello!

We sell the shares of the fund and all the collected funds during the ICO will remain in the fund.

[janna.bok1]

What exchanges do you plan to add to?

[WalkieTalkie]

can I use your tokens for mining?

LibreCash is an ERC 20 based on Ethereum, with no mining opportunity. PoR implies freezing of the assets for token release.

[WalkieTalkie]

can I use your tokens for mining?

LibreCash is an ERC 20 based on Ethereum, with no mining opportunity. PoR implies freezing of the assets for token release.

[GOSPOD1N]

In which country is your main office located?

[WalkieTalkie]

In which country is your main office located?

We are a decentralized autonomous organization and we are trying to follow this principle in everything. We do not have an office and our team is geographically dispersed.

[mo1.drug11]

I have my own channel on YouTube dedicated to crypto currency, can we cooperate with you?

[WalkieTalkie]

I have my own channel on YouTube dedicated to crypto currency, can we cooperate with you?

Please, contact us via email so we could discuss everything. Also, please, send us the link of your YouTube Channel. Thank you!

[M1ster.tw1ster]

do you have any strong partners?

[evgenii17]

what are your main goals for 2018?

[WalkieTalkie]

do you have any strong partners?

We are in the process of negotiating with some of them. New partnerships will be announced as soon as we come to agreement.

[kl1nkagg]

I think your project is very useful in the banking sphere, do you have plans to move in this direction?

[WalkieTalkie]

what are your main goals for 2018?

The main goals of our project will be described in the Roadmap, which will be posted soon.

[WalkieTalkie]

I think your project is very useful in the banking sphere, do you have plans to move in this direction?

Thank you! Sure, we are open for cooperation with other projects!

[frcat]

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

[WalkieTalkie]

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).

[m.kojevn1kova]

Really good idea, anyway have a plan to make a bounty campaign ?

[WalkieTalkie]

Really good idea, anyway have a plan to make a bounty campaign ?

Hello! The information, concerning the bounty campaign will be announced soon. Please, stay tuned.

[m1xmee]

I will be your investor, I hope this will bring me a profit) A very clever project

[WalkieTalkie]

I will be your investor, I hope this will bring me a profit) A very clever project

Thank you for your feedback!

[masTer11]

Good evening. in which country is your project registered?

[Departament11]

Will you have a promotional video of your project later? A very good option for such a project

[WalkieTalkie]

Will you have a promotional video of your project later? A very good option for such a project

Hello! Yes, we are working on it to release some time later. Please, stay tuned and follow the project.

[WalkieTalkie]

Good evening. in which country is your project registered?

Thank you for your question! We are a decentralized autonomous organization, that is not anyhow connected to any country. We do not have any limitations, however, make sure that you do not violate local laws.

[Power22]

I need to know whether there are any preliminary agreements with the exchanges?

[WalkieTalkie]

I need to know whether there are any preliminary agreements with the exchanges?

Hello!
Currently, we work at exchange services that can be our partners and will list our token.
As soon as we come to agreement, It will be announced.

[bmw_e46]

A good idea. Let's see what happens next. You have a lot of work here, for the competent development of the whole project.

[kl1nkagg]

It is good that the project has control over the issue of the emission of tokens. This is a very important point, it is already possible to say on it how the project is thought out.

[WalkieTalkie]

Thank you for all the feedbacks! We are glad to see the positive feedbacks towards the project.

[masTer11]

Perspective. Quite good, I really like the idea of ​​the project, and the way they painted it in detail

[WalkieTalkie]

Perspective. Quite good, I really like the idea of ​​the project, and the way they painted it in detail

Thank you! If you have any questions concerning the project feel free to ask them.

[sort_cirkit]

It is good to see that many exchanges can be exchanged. A decentralized autonomous organization therefore, it will make the market very hot. It's nice to see the developments are emission, liquidation, and transfer of rights of the owner.

[Feetshot]

On the crypto currency market, there really is not enough stability, maybe this is what scares most users. How will the stability of the coin be achieved?

[tw1sterQQ]

I conducted the analysis, personally I have a positive impression about this project, as well as reading the comments in this thread I see that people in general have the same.

[WalkieTalkie]

It is good to see that many exchanges can be exchanged. A decentralized autonomous organization therefore, it will make the market very hot. It's nice to see the developments are emission, liquidation, and transfer of rights of the owner.

Thank you for your feedback!

[WalkieTalkie]

On the crypto currency market, there really is not enough stability, maybe this is what scares most users. How will the stability of the coin be achieved?

Here is the answer that was posted some time earlier:

Libre is pegged to USD value for the first two years for the reason of easier market  adoption. But this doesn’t mean that LibreBank stores any Federal Reserve issued tokens or use legacy financial institutions services like traditional banks. Instead, there is multi-asset fund, including top cryptocurencies. Diversification will be increased over time and reserve will include wide range of new generation crypto-assets like commodity/real-estate/gold tokens, futures, colaterated crypto-bonds etc, to hedge volatility risks. LibreCash owner have a righ to claim a share of fund equal to 1 USD by  current market value.

Since 2020 Libre target rate will get indexed against  inflation and have a constant purchasing power against global consumer goods basket. That means - you can buy same amount of goods for 1000 Libre in 2030, 2050 2100 as in base year (2020). Unlike dollar and other gov controlled currencies which constantly loses their purchasing power. Inflation is a hidden tax. Libre (as concept) is inflation free global currency.

[WalkieTalkie]

I conducted the analysis, personally I have a positive impression about this project, as well as reading the comments in this thread I see that people in general have the same.

Thank you!

We are doing our best . Please, stay tuned and follow the project.

[Makaroon]

Do you plan to be added to the EtherDelta exchange?

[WalkieTalkie]

Do you plan to be added to the EtherDelta exchange?

Hello!
Currently, we work at exchange services that can be our partners and will list our token.
As soon as we come to agreement, It will be announced.

[M1ster.tw1ster]

tell me please, what specific advantages an investor will get by buying tokens?

[WalkieTalkie]

tell me please, what specific advantages an investor will get by buying tokens?

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.
So, entering pre-sale will allow investors to get tokens way cheaper.

[m1xmee]

Do you have strong partners and what are your priorities in the future?

[evgenii17]

Now it is quite difficult to add a coin to the exchange. Do you think you will succeed?

[WalkieTalkie]

Do you have strong partners and what are your priorities in the future?

Currently, we are open for collaborations and looking for partners .
As soon as we come to agreement, It will be announced.

[WalkieTalkie]

Now it is quite difficult to add a coin to the exchange. Do you think you will succeed?

As it was previously stated, we are open for cooperation.
As soon as we come to agreement with exchanges, we will announce it.

[kl1nkagg]

LibreCash is a stablecoin. I got it. Then why do you need a second one? How it will be used?

[WalkieTalkie]

LibreCash is a stablecoin. I got it. Then why do you need a second one? How it will be used?

We have two tokens:  LibreCash, a stablecoin - a token with a stable exchange rate. 2 - LBRS token, that is used for managing DAO.

[m1xmee]

Why should I expect the growth of LBRS then?

[WalkieTalkie]

Why should I expect the growth of LBRS then?

LBRS price growth is expected to take place due to the growth of the DAO capitalization upon the growth of the estimated value of the reserve fund.

[draka_na_dne]

How can I find you on Medium?

[WalkieTalkie]

How can I find you on Medium?

Here is the link: https://medium.com/@LibreBankDAO/

[Markiz11]

I see a lot of positive feedback. apparently a live project

[moto_e398]

I was really interested. Are there any bonuses when buying your coins?

[WalkieTalkie]

I was really interested. Are there any bonuses when buying your coins?

Hello! 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.

[JoBiLee]

I see a lot of positive feedback. apparently a live project

Agree with you. Looking forward for future updates.

[Departament11]

how do you think the price after going to the exchange will go up?

[WalkieTalkie]

how do you think the price after going to the exchange will go up?

Thank you for your question. The answer was published to the simillar question some time earlier. Here it is:
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.

[m1xmee]

Are there negotiations with large exchanges about adding your tokens ? Can I see the entire list of cryptocurrency exchanges that are being negotiated with?

[WalkieTalkie]

Are there negotiations with large exchanges about adding your tokens ? Can I see the entire list of cryptocurrency exchanges that are being negotiated with?

Currently, we work at exchange services that can be our partners and will list our token.
As soon as we come to agreement, It will be announced.

[z1danS]

finally found an interesting project, I will buy tokens

[WalkieTalkie]

finally found an interesting project, I will buy tokens

Hello! Thank you for you positive feedback. It is appreciated.
Please, follow us here and on social media for the latest announcements

[LibreBankDAO]

Software Developers Report for April 23-27, 2018

Greetings everyone, from LibreBank developers!
Our small but tightly-knit team is here to tell you what we’ve done last week.
 
decodemybrain: Any release is a complex and demanding moment, besides it is an important “toggle switcher,” so to speak: it switches the brain to the change recording and registering mode. Well, you know - you just want to keep refactoring the code again and again...
 
We’ve integrated bug-bounty contracts: if you can find a bug in our contracts, resulting in the possibility to get a large number of tokens, or if you break one of the key conditions, you get the money.
For your convenience, contracts will be published on Mainnet (to get a reward) and on Rinkeby – there you can train without actually spending real ether.
 
For your convenience we’ve implemented a small dApp (see our repository, dev thread), making it possible to easily deploy your contract version for testing in two clicks.
 
Also this week EverCodex helped us to significantly revise dApps in terms of design and user-friendliness. We fixed the layout, added notes and comments to elements. Also, during the process of preparing the release, we refactored the code, which positively affected the stability and speed of operation.
The fix of processing the Metamask transaction cancellation in Firefox was added (the behavior is a bit different from the same in Chrome).
We also thank him for: integration of menu auto generation, fixing the data filtering and adding the feature of Metamask absence processing.
 
Scientistnik: we excluded the developer’s debugging functionality in oracles – change in the request initiator contract, we’ve reduced the default gas prices constants, and completed the proposal of changing the arbitrator in the DAO’s contract, integrated the profiles system in migration and tests, which made the writing and launching process more convenient.
 
We’ve also integrated the feature of contract termination upon its expiration or it becoming irrelevant, which allows us to get rid of the problem of irrelevant contracts and other mess. We’ve added the possibility to re-use the oracle upon being changed, and unified the names of the exchanger’s and the bank’s methods.

[z1danS]

finally found an interesting project, I will buy tokens

Hello! Thank you for you positive feedback. It is appreciated.
Please, follow us here and on social media for the latest announcements

Thanks for the quick response

[Den1ska]

are you on the ICOBench?

[WalkieTalkie]

are you on the ICOBench?

No, not yet. Currently, we are working on different partnerships.
Please, follow us in order to get latest updates

[bmw_e46]

super idea, bought a token and I'm waiting for an exit on the exchange, I hope you will cooperate with large exchanges

[doquangtuan]

a good project. I can read WP at any link?

[WalkieTalkie]

a good project. I can read WP at any link?

Hello! The Whitepaper will be released soon.
We will make an announcement here. Stay tuned

[kar1Haq]

A well-written whitepaper gives more confidence to investors, where the idea of a project will be clearly described . When is it going to be released?

[WalkieTalkie]

A well-written whitepaper gives more confidence to investors, where the idea of a project will be clearly described . When is it going to be released?

Hello!

Whitepaper of the project will be released soon.

[z1danS]

where can I see the detailed roadmap?

[WalkieTalkie]

where can I see the detailed roadmap?

The Roadmap can be seen in the Whitepaper that is coming soon. Stay tuned =)

[z1danS]

where can I see the detailed roadmap?

The Roadmap can be seen in the Whitepaper that is coming soon. Stay tuned =)

Thanks for the answer)

[miner_boy]

What about KYC? will they enter this procedure or not? Usually all good projects are introduced by KYC.

[WalkieTalkie]

What about KYC? will they enter this procedure or not? Usually all good projects are introduced by KYC.

No, there will be no need to go through KYC.

[M1ster.tw1ster]

i think a promising project, especially if they follow the road map. and already have an existing product, in contrast to a heap of projects with just an idea.

[evgenii17]

how many times can a coin grow in the future?

[WalkieTalkie]

i think a promising project, especially if they follow the road map. and already have an existing product, in contrast to a heap of projects with just an idea.

Thank you for your feedback!

[WalkieTalkie]

how many times can a coin grow in the future?

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.

[Power22]

My advice is to discover more and reading about this project

[LibreBankDAO]

Software Developers Report for April 30 - May 4, 2018

This week’s major work guidelines:

During the work week, we focused on optimising the dApps for mobile devices and increasing the overall performance and code integrity.

It’s still far from ideal, but we are doing our best.

We read a ton of manuals and drank an unhealthy amount of coffee, but in the end, all our applications work adequately on any modern device, be it a smartphone or a huge, wide-format, all-in-one PC.

Localisation support has also been integrated (special thanks to the vue-i18n developers, who relieved us of many of the mundane actions that we otherwise would have had to execute).

At the end of the week, we actualized the tests, updated the test scenario migration profiles, and finished working on the deposit contract. 

Here is what we focused on this week:

• dApp: improving the responsiveness of the mobile version of the dApp site
• dApp: adding a language-switching option (English and Russian are currently available)
• dApp: improving the validation of various forms
• dApp: putting everything in a consistent style
• dApp: running complex tests
• Contracts: correcting the contract test
• Contracts: integrating CI Travis and automatic smart-contract code linting
• Contracts: executing deployment without the synchronisation of the public node net
• dApp: adding contract balance output and tracking
• dApp: validating JSON when publishing reports
• dApp: implementing date localisation
• Refactoring the bounty page, contract status, and the report

[kl1nkagg]

Hello. how do you feel about the exchange yobit?

[WalkieTalkie]

Hello. how do you feel about the exchange yobit?

Hello!
Currently, we work at exchange services that can be our partners and will list our token.
As soon as we come to agreement, It will be announced.

[mo1.drug11]

the idea is excellent, I hope the project will progress and make us happy

[genek4epuha]

after what time does your token appear on the exchanges?

[valerij.vetrov]

studied your report of April 27. I'm glad that you are doing well!

[rambler.bog11]

Glad to see your weekly reports. Keep going!

[WalkieTalkie]

the idea is excellent, I hope the project will progress and make us happy

Thanks for your feedback! Stay tuned.

[WalkieTalkie]

after what time does your token appear on the exchanges?

We working on it, but it takes time. We will announce listing on an exchange as soon as we come to agreement.

[WalkieTalkie]

studied your report of April 27. I'm glad that you are doing well!

Glad to see your weekly reports. Keep going!

Thanks for your feedback! Join our social channels to stay tuned.

https://medium.com/@LibreBankDAO/
https://twitter.com/LibreBankDAO
https://www.reddit.com/r/LibreBankDAO/

[LibreBankDAO]

Exchange LibreCash to Euro with Paynote

We’re happy to announce our European partner Paynote.eu.
Paynote.eu is Legal Licensed company of electronic currency exchange, with the great rate, and instant SEPA bank transfers.
You are able to exchange LibreCash to Euro with Paynote.eu now.

[nofork_man]

Who will have the access to smart contracts where all the reserve fund will be stored? How users can ensure that all the reserve fund ( their money litteraly) are being kept in safe?
Moreover, imagine the situation if reserve fund is stolen or just gone due to the hack or some blockchain vulnerability ( if u remember the situation when 70 million USD value in ETH stuck due to the Parity vulnerability), what will happen to the token price and the system at all?

[antropogen0009]

What currencies except ETH will be accepted as reserve? As far As I know BTC smart contracts are still under development, as for the rest popular coins they dont have smart contracs yet as well ( NEO, EOS, TRON etc)
One more question, if the any particular blockchain is being forked and new chain apperas ( like ETC or BCH) who will own the amount of reserve fund in that new tokens??

[Nskaolimpiyskiy]

I have read the remission could be stopped due to the recent market growth or dump.
U are claiming to be decentralized stable coin, but it is not true decentralization if someone can stop the emission/remission. How does this process work at all? It really needs clarification.

[kabackovas]

Will u set the spred by your own or it will be set according to the market by itself?
I need more detailed explanation what for spred is needed on the platfrom. How exactly can it protect the Fund from market manipulation?
Thank u in advance.

[AlexNeto]

Will u set the spred by your own or it will be set according to the market by itself?
I need more detailed explanation what for spred is needed on the platfrom. How exactly can it protect the Fund from market manipulation?
Thank u in advance.

Right now we have released temporary Libre/ETH Exchange Smart-Contact, which is fully autonomous, without owner, with fixed exchange commission 2.5% set in stone, and min-max rate calculation algorithm, based on 5 feeds, to cover volatility  risks and protect from speculative games against reserve.

We aim to decrease a spread in future releases, as well as provide many other exchange methods with low commissions. 

[prygunovpasha]

What exchnages are u going to be integrated? According to your concept there has to be big demand otherwise project would have so sense.
By the way how are u going to encourage the market makers to use your platfrom? Spread allows them to make money, but u guys have firstly properly show it off to the audience.
So Im curious abput the ways how are u going to attract the market makers to use LibreCash??

[okspam]

Who from the team is taking care of this BitcoinTalk thread?

[WalkieTalkie]

Who from the team is taking care of this BitcoinTalk thread?

There is the founder, software developers, business developers and community managers. All of us are here.  

[aragon4ikSS]

Who will have the access to smart contracts where all the reserve fund will be stored? How users can ensure that all the reserve fund ( their money litteraly) are being kept in safe?
Moreover, imagine the situation if reserve fund is stolen or just gone due to the hack or some blockchain vulnerability ( if u remember the situation when 70 million USD value in ETH stuck due to the Parity vulnerability), what will happen to the token price and the system at all?

First of all you have the understand that there are differences between the final version of the platfrom which we are developing now and the semi-centralized version that exists now. LibreCash token is immutable, only the rights for token emission will be delivered to the autonomus smart contract (DAO will have the right to change several parameters like Oracle priority) when work is done and security audit is complete.
If we are speaking about final version:
Smart contracts owner where reserve fund is being held is DAO contract, and the concensys of majority share holders is obligatory for the purpose of trasfering funds. The detailed explanation about DAO model will be included in WP that we are prepearing now for the realese.
If the system is compomised and major part of reserve fund is stolen or will get stuck within the bugged smart contract, so I think it will affect tokens price as well as any other token that may face the same situation. Thats why we care a lot about security and smart contract audit.

[aragon4ikSS]

What currencies except ETH will be accepted as reserve? As far As I know BTC smart contracts are still under development, as for the rest popular coins they dont have smart contracs yet as well ( NEO, EOS, TRON etc)

The task of assets managing in different blockchains may be solved via atomic swaps for thoses tokens where it is possible now as well as usage of gateways and DEX like Waves, Bitshares that announced the support of atomic swaps in the nearest future. We also foresee the implementation of native support even for that currencies which dont have smart contracts yet.
Despite the technology itself is only  at the initial stage we can see the huge progress even now. As an example the swaps between BTC and ETH, LTC and BTC are available now. Zchash is planning to implement the atomic swaps support in August.

One more question, if the any particular blockchain is being forked and new chain apperas ( like ETC or BCH) who will own the amount of reserve fund in that new tokens??

Surely. All the forks that occur will stay within the reserve fund and become the part of the reserve fund.

[aragon4ikSS]

I have read the remission could be stopped due to the recent market growth or dump.
U are claiming to be decentralized stable coin, but it is not true decentralization if someone can stop the emission/remission. How does this process work at all? It really needs clarification.

Good comment, thank u.
You refer to description of security mechanism during the increased market volatility or liquidity swing. For the first time, while token is not used a lot in the reasl sector, the demand may fluctuate that may lead to the liquidity crisis while panic in the market.
The emission/token burning capacity limitations are implemented in the smart contract code. In futher versions more flexible variant will be implemented - DAO will set the limits. Surely taking into account the situation on the market but within the established limits.

[selskoidima]

Who is eligable to issue tokens? As far as I inderstood the idea your DAO will give the access to different parties that would be in respond to token emission. But how are u going to check that parties? KYC or smth?
U know the question of the trust to the persons or apps that will be able to issue tokens is quite urgent.

[aragon4ikSS]

What exchnages are u going to be integrated? According to your concept there has to be big demand otherwise project would have so sense.
By the way how are u going to encourage the market makers to use your platfrom? Spread allows them to make money, but u guys have firstly properly show it off to the audience.
So Im curious abput the ways how are u going to attract the market makers to use LibreCash??

Decentralized smart contracts maintain the exchnage rate within the established limits ( between emission price and redemption price ), that sometimes may be useful for the purpose of savings the deposit in crypto while market fluctuating or going down very hard.
However you are exactly right that marketmakers and exchnages services have an important role for the successful project evolution. LibreCash will have have the real value as a currency and medium of exchnage if its capability to be converted into other currency ( including fiat all over the globe) will be at the high level. Thats why we are considering the exchangers, payment processors, local sellers and market makers as an integral ecosystem elements. We will have the grant system in LBRS tokens that in fact give the opportunity if someone willing to become the part of the system and take part in DAO managing.
At the initial stage, while Libre is not in so big demand, there are special offers for the partners that may be disscussed individualy.
In the future, big investors with high reputation like excnganges or funds may be an escrow or keep the part of the reserve fund if DAO agreed.

[semiwylson]

Who is eligable to issue tokens? As far as I inderstood the idea your DAO will give the access to different parties that would be in respond to token emission. But how are u going to check that parties? KYC or smth?
U know the question of the trust to the persons or apps that will be able to issue tokens is quite urgent.

I did not know that that there will be different parties issuing the tokens, I thought that LibreBank on its own is responsible for that.
If so the question about KYC or probably the other way of verification of issuing parties arise.
Im considering investing and I really hope to get the proper answer from the team.

[johnywalkerrr]

How exactly will u implement the tokens swap? From one blockchain to another?
And one more question, until RSK smart contracts are not ready yet, LibreCash will operate only with ETH, right? Are there any way of including other top ALTs into the reserve fund like Litecoin or Bitcoin Cash?

[ApehaFan777]

I dont really understand why the exchnage rate of LibreCash is tied only to USD? Why not EUR or smth else? Probably it will be changed in future?
I think exchnage rate has to be adjusted according to inflation rate, moreover not the local one in any particular country like the US or GB but international one.

[Boooogieeee]

I dont really understand why the exchnage rate of LibreCash is tied only to USD? Why not EUR or smth else? Probably it will be changed in future?
I think exchnage rate has to be adjusted according to inflation rate, moreover not the local one in any particular country like the US or GB but international one.

Tieing to USD is the temporary event and then when there will be enough LibreCash users, exchnage rate tieing will be switched to against inflation index or putting it better will display the purchase power. So in general your sugesstion is right.
I would even say thats the key feature here as tieing to USD is not fair enough. IMHO

[LibreBankDAO]

Software Developers Report for May 7-11, 2018

Greetings, friends! It’s LibreBank’s development team reporting.

We decided to take a break and have two additional weekend days last week. We are certain that such a break is going to benefit us and that this week, we are going to impress you with new features and expanded capabilities.

So, here’s what we did last week.

Scientistnik:
We mainly focused on refactoring, integrating the Travis CI automatic testing system, and fixing a few display errors found in dApps (for example, we decided to increase the notification display time), as well as completing the following tasks:

• Refactoring: Deposit and Faucet
• Refactoring: Loan, Loans, NewOffer
• Refactoring: DAO and NewProposal
• Placing validators into a common (shared) plugin
• Loan date: present in the form of days

Evercodex:
This week’s tasks were intended to improve the UI/UX, which made working with dApps a lot more convenient:

• A variety of plugins were refactored
• A streamlined form for convenient, machine-treatable report parameter filling integrated (for the owner)
• An additional contact parameter display was integrated
• We also integrated Vuex for centralized, pervasive parameter storage of dApp contracts and settings, which made the app work faster overall.

[wldn]

Hi. I learned your concept and concluded that holders of LBRS will have double risk for investments. If the crypto will fall, then the assets of the reserve fund  will be used + risk of an ordinary LBRS collapse. Why investors will  invest in your project in such a risky scenario?

[antropogen0009]

What currencies except ETH will be accepted as reserve? As far As I know BTC smart contracts are still under development, as for the rest popular coins they dont have smart contracs yet as well ( NEO, EOS, TRON etc)

The task of assets managing in different blockchains may be solved via atomic swaps for thoses tokens where it is possible now as well as usage of gateways and DEX like Waves, Bitshares that announced the support of atomic swaps in the nearest future. We also foresee the implementation of native support even for that currencies which dont have smart contracts yet.
Despite the technology itself is only  at the initial stage we can see the huge progress even now. As an example the swaps between BTC and ETH, LTC and BTC are available now. Zchash is planning to implement the atomic swaps support in August.

One more question, if the any particular blockchain is being forked and new chain apperas ( like ETC or BCH) who will own the amount of reserve fund in that new tokens??

Surely. All the forks that occur will stay within the reserve fund and become the part of the reserve fund.

So u would not create your own atomic swap tech but rely only on the existing ones, right?
If so why have not u consider to issue token on Komodo platform? They already have atomic swaps and DEX where more then 100 000 atomic swaps were already made. So it is ready to use cross platform DEX and it perfectly suits your usecase.
As for the forks, that forks that will appear in reserve funds, they will belong to the DAO itself? Will the LRBS holders have a rights for that new generated coins?
Forks are now some kind of trend both on BTC and ETH and I think team has to think about this topic as there will be a lot of users that would demand forks tokens during the getting back their ETH/BTC for stable coin.

[AlexNeto]

Who is eligable to issue tokens? As far as I inderstood the idea your DAO will give the access to different parties that would be in respond to token emission. But how are u going to check that parties? KYC or smth?
U know the question of the trust to the persons or apps that will be able to issue tokens is quite urgent.

I did not know that that there will be different parties issuing the tokens, I thought that LibreBank on its own is responsible for that.
If so the question about KYC or probably the other way of verification of issuing parties arise.
Im considering investing and I really hope to get the proper answer from the team.

There could be different LibreCash issuance smart-contracts, based on different platforms, but all of them will follow the same general rule: Proof-of-Reserve issuance, when equal value of base asset transferred to the fund (or kept frozen in contract), reserved for future buy-back operation.
Actually, anyone can create this autonomous  blockchain applications and offer it to LB community. After security audit, LibreBank DAO can confirm this contract as a part of system, issue “crypto-licence”, and that means LB is taken responsibility to buy back this tokens, but also claims surplus of reserve.


But, conceptually, LibreCash can be also issued as physical banknotes or chips in some cases.
This is not near future, but I believe that blockchain will thansform the world, and free market economy will become possible. LibreBank supports projects as freesociety.com and will take any opportunity to make this world the place for self owned, free people.

[nofork_man]

Who will have the access to smart contracts where all the reserve fund will be stored? How users can ensure that all the reserve fund ( their money litteraly) are being kept in safe?
Moreover, imagine the situation if reserve fund is stolen or just gone due to the hack or some blockchain vulnerability ( if u remember the situation when 70 million USD value in ETH stuck due to the Parity vulnerability), what will happen to the token price and the system at all?

First of all you have the understand that there are differences between the final version of the platfrom which we are developing now and the semi-centralized version that exists now. LibreCash token is immutable, only the rights for token emission will be delivered to the autonomus smart contract (DAO will have the right to change several parameters like Oracle priority) when work is done and security audit is complete.
If we are speaking about final version:
Smart contracts owner where reserve fund is being held is DAO contract, and the concensys of majority share holders is obligatory for the purpose of trasfering funds. The detailed explanation about DAO model will be included in WP that we are prepearing now for the realese.
If the system is compomised and major part of reserve fund is stolen or will get stuck within the bugged smart contract, so I think it will affect tokens price as well as any other token that may face the same situation. Thats why we care a lot about security and smart contract audit.

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.
When the final DAO implementation is planned?
And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

[Nskaolimpiyskiy]

I have read the remission could be stopped due to the recent market growth or dump.
U are claiming to be decentralized stable coin, but it is not true decentralization if someone can stop the emission/remission. How does this process work at all? It really needs clarification.

Good comment, thank u.
You refer to description of security mechanism during the increased market volatility or liquidity swing. For the first time, while token is not used a lot in the reasl sector, the demand may fluctuate that may lead to the liquidity crisis while panic in the market.
The emission/token burning capacity limitations are implemented in the smart contract code. In futher versions more flexible variant will be implemented - DAO will set the limits. Surely taking into account the situation on the market but within the established limits.

Well but what will u do if that "initial stages of project evolution" will be longer then u expect?
What exactly are u going to do to make coin really used by the core audience?
As for code implementation, imagine u have created the smart contract and deployed it while market is bullish but then market suddenly goes down and u see that u would get broke if u did not stop the redemption. Who will be in respond to make such correction? Team? If so it is not real DAO or decentralization at all as you will rule the project by your own

[DIXItip4ik]

where is all the records of operations will be stored?
I mean u will have different smart contracts with different coins in reserve fund and all the transactions, all the data will be scattered.
Probably u have any plan how to unite all that data and info about transaction within only one blockchain? Or at least just in centralized mode somewhere at the dedicated server?

[ricardovaldossa]

How are u going to use tha reserve fund? They will be just stored or u gonna invest it in some start ups or tech that in future will be able to get the revenue for the LibreBank and increase the market cap overall?
Making it short, do u have any plans of investing your capital ( reserve fund u will obtain) into the commecrial start ups? Thanks in advance for tha answer

[antropogen0009]

I read that u gonna implement the delegation feature and probably that delegate will be able to store some amoount of reserve fund. Right?
If so who will choose who exactly, which delegate will be in respond for the particular part of the reserve fund? Moreover if we will take into consideration that DAO managing is far away from the final stage

[karlos_545]

How are u going to use tha reserve fund? They will be just stored or u gonna invest it in some start ups or tech that in future will be able to get the revenue for the LibreBank and increase the market cap overall?
Making it short, do u have any plans of investing your capital ( reserve fund u will obtain) into the commecrial start ups? Thanks in advance for tha answer

Yes, it is a plan. At least as far as I know.
Reserve fund will be used for the investments in different start ups or project for the purpose of total market cap increasing.
This process, i mean decesions about any investments will be made using the DAO govermance model. So only shareholders will be able to vote for any particular decesion about investment.

[all_inman]

I read that u gonna implement the delegation feature and probably that delegate will be able to store some amoount of reserve fund. Right?
If so who will choose who exactly, which delegate will be in respond for the particular part of the reserve fund? Moreover if we will take into consideration that DAO managing is far away from the final stage

Share holders or LBRS token holders via the DAO mechanism will choose who is eligable to be an escrow and what part of the reserve fund it may store.
In general it will be trust worthy exchnages or persons who have a big trust in the crypto community.

[johnywalkerrr]

where is all the records of operations will be stored?
I mean u will have different smart contracts with different coins in reserve fund and all the transactions, all the data will be scattered.
Probably u have any plan how to unite all that data and info about transaction within only one blockchain? Or at least just in centralized mode somewhere at the dedicated server?

Why is it must to be united?
All the data about all the transactions will be stored in particular blockchain. If your gonna deposit ETH to smart contract or withdraw why do u need data in VTC blockchain as an example? Only data in ETH one is important for u.
However if u wanna check all the transaction u may check the data of each smart contract ( reserve fund) in each particular blockchain.

[semiwylson]

What voting power each LBRS token will have?
Is it fixed or may fluctuate? If I understood everything correctly LRBS is reissuable token, but does not it mean that when new tokens will be emmited the voting power of the existing ones will decrease?
It definitely needes clarification.

[surtur001s]

What voting power each LBRS token will have?
Is it fixed or may fluctuate? If I understood everything correctly LRBS is reissuable token, but does not it mean that when new tokens will be emmited the voting power of the existing ones will decrease?
It definitely needes clarification.

Yes, while new tokens are being emmited or being sold from the auction for the purpose of attracting the capital - the voting power per each LBRS tokens will decrease.
But all that decesions about new tokens emmition or selling at the auction will be made only in accordance with LBRS holders voted. Dont foreget that it is DAO and all the decesion are being made by the majority of the share holders.

[ApehaFan777]

I really like the idea of decentralized stable coin that will exist without any counties borders. But it is impossible as for now due to the law and a lot of the govermental authorities.
Whats your legal status as a company? Where are u registred? Do u have all the permissions for the operations?

[nofork_man]

I really like the idea of decentralized stable coin that will exist without any counties borders. But it is impossible as for now due to the law and a lot of the govermental authorities.
Whats your legal status as a company? Where are u registred? Do u have all the permissions for the operations?

LibreCash wont operate with dollar or any fiat currency thats. Tokens will be backed with ETH or BTC or any other coin that will be added to the platform as a part of reserve fund. Thats why LibreCash does not need any specific licences or permissions for the operation. It is not a Tether that is operating with real dollar.

[Boooogieeee]

Whats about anonymity? How can I ensure that all my transaction data is secure and wont go to 3rd party companies or persons?
Im also curious whats about the KYC verification? Is it needed? Otherwise it provides big opportunities for laundering of money. U know it is quite urgent question and a lot of countries would create the obstacles for the project development if u wont follow all the measures against laundering of money

[kabackovas]

Whats about anonymity? How can I ensure that all my transaction data is secure and wont go to 3rd party companies or persons?
Im also curious whats about the KYC verification? Is it needed? Otherwise it provides big opportunities for laundering of money. U know it is quite urgent question and a lot of countries would create the obstacles for the project development if u wont follow all the measures against laundering of money

All the data will be stored directly in blockchain and wont go anywhere else. Moreover LibreCash will use atomic swaps tech that makes tracking the your financial operations impossible as no one knows what blockchain u would like to use.
As for the KYC I would also like to know the answer as it seems it has to be implemented for sure if project gonna be adopted worldwide.
Hope for the answer from the team

[DIXItip4ik]

Is it security token or utility one? Where all the profit from the team investments will go? Will it be distributed in the way of devidents or what?
And one more, what about taxes? If Im owning big amount of shares and LibreCash cap has grown a lot will I have to pay the taxes? U know u have not an ordinar token thats why I think better to clarify this moment in advance.

[antropogen0009]

How are u going to hedge the risks of lacking the liquidity?  Due to what the situation when u will have no money in reserve fund may happen?
Im curious if u are alrady familiar with all such occasions and did everything that is neded to prevent that.

[surtur001s]

How are u going to hedge the risks of lacking the liquidity?  Due to what the situation when u will have no money in reserve fund may happen?
Im curious if u are alrady familiar with all such occasions and did everything that is neded to prevent that.

The reserve fund will be stored within different blockchains. Such difersification is one of the ways of hedging the risks. Team is also lanning to use the escrows they to store some part of the reserve fund. It may be top exchnages.
Also team may use the limitation for token emission or remission. All these things are the ways how to prevent the liquidity crisis.

[karlos_545]

Is it possible in future to introduce to index or the futures for the LibreCash token? Like it is done for USD, EUR and other fiat currencies.
And one more question, how much funds that u would collected in the upcoming crowdsale u will allocate for the reserve fund?? Or all the funds will be alocated only for the development?

[Ridorie]

All the same I consider that in the future the project and the command will make success in the sphere. It is visible from outside that work nevertheless is conducted and it cannot leave just like that. Soon all work after all will affect the coin price.

[all_inman]

Is it possible in future to introduce to index or the futures for the LibreCash token? Like it is done for USD, EUR and other fiat currencies.
And one more question, how much funds that u would collected in the upcoming crowdsale u will allocate for the reserve fund?? Or all the funds will be alocated only for the development?

It is too early to speak about indexes for LibreCash, it has not event came into the market.
As for the second question, i think 50% or smth like that will be allocated for the reserve fund for the purpose of providing liquidity. It is kinda obvious I think because at the first stages liquidity it is the responsibility of the team

[johnywalkerrr]

Is the LBRS token share actually? or it is just the token that means u have the rights for some part of the reserve fund?
Is it possible LBRS to be traded on stock exchanges?
By the way in what jurisdiction u will operate? Where company that will issue tokens is registered?

[semiwylson]

Have u consdidered the opporunity of using side chains instead of atomic swap tech? I guess it is a little bit simpler, moreover there are several projects on the market providing advanced side chains.
Whats the benefits of using exactly atomic swaps??

[ApehaFan777]

Have u consdidered the opporunity of using side chains instead of atomic swap tech? I guess it is a little bit simpler, moreover there are several projects on the market providing advanced side chains.
Whats the benefits of using exactly atomic swaps??

If side chains are used it means that the reserve fund will be allocated within only one ecosystem. U know it is unsecure. Secondly, all the projects with side chains (Ardor, Lisk, Ark) are not really popular coins, they are just ordinar alts and can not be used as a reserve for LibreCash token. The last but not the list all of the coins I have mentioned dont have smart contracts thats why DAo implementation is also impossible.

[Nskaolimpiyskiy]

Why is is stated in your Light Paper that token will be tied to power purchasing unit in 2020? Why not to be tied to USD forever? Whats the difference between these things at all? Could someone explain me? Thank u in advance.

[selskoidima]

How does the election of the managment team work? There are plenty of LBRS share holders and how exactly some of them will be chosen as one of the manager?
Moreover how many members may be in the management team at all and for how lonf they are being chosen?

[Boooogieeee]

How will u choose the fields or start ups where will u invest the money from the reserve fund? Dont u think it is very risky deal that may cause the liquidity crisis if your choice was wrong? U may loose he reserve fund and LibreBank itseld will be broke.

[kabackovas]

Who will pay for the fees? Lets say Im sending tokens back to the smart contracts and getting ETH or BTC or smth else in exchnage but then my tokens has to be burned and fees must be paid in the basic currency of the particular blockchain. So LibreBank will pay for that fees or what?

[DIXItip4ik]

Who will pay for the fees? Lets say Im sending tokens back to the smart contracts and getting ETH or BTC or smth else in exchnage but then my tokens has to be burned and fees must be paid in the basic currency of the particular blockchain. So LibreBank will pay for that fees or what?

I have not thoughth about that earlier but know it seems very imortant question. As if there is huge demand LibreBank would spend for fees per each transaction enormous sums. How team is going to handle that problem?
Or probably fees will be paid by users?
I really hope for the explanation form the team ASAP!

[ricardovaldossa]

Do u have any plans of debit card implementation in the future? Similar to the Monaco or tenX projects but your card will operate only with LibreCash tokens. It would be reallu killing feature and boost the token popularity and adoption as the problem of cashing out funds from crypto is so urgent now for a lot of users.

[antropogen0009]

Do u have any plans of debit card implementation in the future? Similar to the Monaco or tenX projects but your card will operate only with LibreCash tokens. It would be reallu killing feature and boost the token popularity and adoption as the problem of cashing out funds from crypto is so urgent now for a lot of users.

Idea itself is brillian BUT it is very complex task that requires prpject to be run under strict regulation. Moreover it requires strong partnerships with one of the popular banks but u know they are very conservative in the way of dealing with crypto start ups.
Summing up, even if it is possible it is very and very long run task.

[johnywalkerrr]

Any plan to implement DEX exchnage? It would give more liquidity to the token and mass adoption as all the trades will be against LibreCash.
Moreover that fact u will use atomic swaps will make your DEX the most advanced one.

[semiwylson]

Any plan to implement DEX exchnage? It would give more liquidity to the token and mass adoption as all the trades will be against LibreCash.
Moreover that fact u will use atomic swaps will make your DEX the most advanced one.

DEX is the not the priority for the team. Firstly team has to implement the DAO in a spotless way. As for getting liquidity and adoption it fully depends on the marketing and relations ( listings) on major exchanges.
Nevertheless I like the idea of DEX. Probably it will be inculeded in the roadmap when all the tasks as for now would be completed.

[zajtsewatan]

Im so aware about listings. LBRS will be security token thus it wont be listed on exchnages. Only LibreCash has a chance.
Im also curios how much ETh will u deposit to the autonomus smart contract as a reserve fund after project launch??

[wldn]

I think this will depend mainly on investors...
So it is difficult to say the exact amount, correct me if not so

I think this will depend mainly on investors...
So it is difficult to say the exact amount, correct me if not so

[WalkieTalkie]

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

• The LibreCash token.
• A smart contract for the purchase and sale of LibreCash for ETH.
• A web wallet.
• A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
• The oracle system for loading data about the current exchange rates.
• The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

• shareholders, who have LBRS-tokens and ability to vote;
• delegates, who represent the shareholders interests;
• board of directors, which will include current delegates;
• the constitution of the DAO, the document with main principles of the organisation;
• constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

• to elect a delegate, who will represent his interests;
• to try become a delegate;
• to elect a guarantors.

The board of directors is able (by voting):

• to change the constitution;
• to elect guarantors, who will keep a part of reserve fund for diversification;
• to elect contractors for software development, marketing, business development, etc;
• to change some economic parameters of LibreCash emission and liquidation;
• to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

[WalkieTalkie]

How are u going to use tha reserve fund? They will be just stored or u gonna invest it in some start ups or tech that in future will be able to get the revenue for the LibreBank and increase the market cap overall?
Making it short, do u have any plans of investing your capital ( reserve fund u will obtain) into the commecrial start ups? Thanks in advance for tha answer

Here is can be misunderstanding with terms, but at the moment we use the terms "reserve fund" and "investment fund".

The reserve fund contains backing of emitted LibreCash and additional funds for the LibreCash rate stabilisation (in case the ETH price will drop). This funds can't be used for anything, because it's backing.

The investment fund will contain LibreBank's surplus and income. These funds can be used for investing, including investing into commercial startups.

[WalkieTalkie]

How are u going to use tha reserve fund? They will be just stored or u gonna invest it in some start ups or tech that in future will be able to get the revenue for the LibreBank and increase the market cap overall?
Making it short, do u have any plans of investing your capital ( reserve fund u will obtain) into the commecrial start ups? Thanks in advance for tha answer

Yes, it is a plan. At least as far as I know.
Reserve fund will be used for the investments in different start ups or project for the purpose of total market cap increasing.
This process, i mean decesions about any investments will be made using the DAO govermance model. So only shareholders will be able to vote for any particular decesion about investment.

Thanks for the respond. You're right.

[WalkieTalkie]

Whats about anonymity? How can I ensure that all my transaction data is secure and wont go to 3rd party companies or persons?
Im also curious whats about the KYC verification? Is it needed? Otherwise it provides big opportunities for laundering of money. U know it is quite urgent question and a lot of countries would create the obstacles for the project development if u wont follow all the measures against laundering of money

All the data will be stored directly in blockchain and wont go anywhere else. Moreover LibreCash will use atomic swaps tech that makes tracking the your financial operations impossible as no one knows what blockchain u would like to use.
As for the KYC I would also like to know the answer as it seems it has to be implemented for sure if project gonna be adopted worldwide.
Hope for the answer from the team

We don't verify customers. Implementation of KYC verification depends on our partners. If some of them operate in a jurisdiction, where he/she should verify customers, he/she should do it to comply local laws. Users of LibreBank have ability to choose which partners work with.

[decodedbrain]

where is all the records of operations will be stored?
I mean u will have different smart contracts with different coins in reserve fund and all the transactions, all the data will be scattered.
Probably u have any plan how to unite all that data and info about transaction within only one blockchain? Or at least just in centralized mode somewhere at the dedicated server?

On current version of the contract, logging is implemented on the basis of the events mechanism, accordingly all emission and remission operations, exchange, request and update of the course are logged in the contract.

The current version of dApp's shows full information about the current status of the contract, its parameters, the percentage of collateral and total emissions. This mechanism is decentralized and allows verification
In the future, when you add a token to other platforms, the corresponding accounting functionality will be quickly added to dApp, thereby ensuring the transparency of the system

[ApehaFan777]

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

• The LibreCash token.
• A smart contract for the purchase and sale of LibreCash for ETH.
• A web wallet.
• A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
• The oracle system for loading data about the current exchange rates.
• The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

• shareholders, who have LBRS-tokens and ability to vote;
• delegates, who represent the shareholders interests;
• board of directors, which will include current delegates;
• the constitution of the DAO, the document with main principles of the organisation;
• constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

• to elect a delegate, who will represent his interests;
• to try become a delegate;
• to elect a guarantors.

The board of directors is able (by voting):

• to change the constitution;
• to elect guarantors, who will keep a part of reserve fund for diversification;
• to elect contractors for software development, marketing, business development, etc;
• to change some economic parameters of LibreCash emission and liquidation;
• to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

How exactly your web wallet will work? Will it be multichain or will work only within ETH network and only with tokens based on TOP of ETH?
If yes, would it be possible in future to manage all the tokens that will be issued on different blockchains within one web wallet??  think it will be very convenient for ordinar user

[nofork_man]

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

• The LibreCash token.
• A smart contract for the purchase and sale of LibreCash for ETH.
• A web wallet.
• A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
• The oracle system for loading data about the current exchange rates.
• The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

• shareholders, who have LBRS-tokens and ability to vote;
• delegates, who represent the shareholders interests;
• board of directors, which will include current delegates;
• the constitution of the DAO, the document with main principles of the organisation;
• constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

• to elect a delegate, who will represent his interests;
• to try become a delegate;
• to elect a guarantors.

The board of directors is able (by voting):

• to change the constitution;
• to elect guarantors, who will keep a part of reserve fund for diversification;
• to elect contractors for software development, marketing, business development, etc;
• to change some economic parameters of LibreCash emission and liquidation;
• to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

How exactly your web wallet will work? Will it be multichain or will work only within ETH network and only with tokens based on TOP of ETH?
If yes, would it be possible in future to manage all the tokens that will be issued on different blockchains within one web wallet??  think it will be very convenient for ordinar user

Well, it would be not be a problem at all. IMHO.
If the atomic swap will be implemented properly then connecting the API to thw web wallet would be easy enough.
Im more curious what platfrom will be the next where tokens will be issued? Probably EOS?

[aragon4ikSS]

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

• The LibreCash token.
• A smart contract for the purchase and sale of LibreCash for ETH.
• A web wallet.
• A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
• The oracle system for loading data about the current exchange rates.
• The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

• shareholders, who have LBRS-tokens and ability to vote;
• delegates, who represent the shareholders interests;
• board of directors, which will include current delegates;
• the constitution of the DAO, the document with main principles of the organisation;
• constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

• to elect a delegate, who will represent his interests;
• to try become a delegate;
• to elect a guarantors.

The board of directors is able (by voting):

• to change the constitution;
• to elect guarantors, who will keep a part of reserve fund for diversification;
• to elect contractors for software development, marketing, business development, etc;
• to change some economic parameters of LibreCash emission and liquidation;
• to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

How exactly your web wallet will work? Will it be multichain or will work only within ETH network and only with tokens based on TOP of ETH?
If yes, would it be possible in future to manage all the tokens that will be issued on different blockchains within one web wallet??  think it will be very convenient for ordinar user

Well, it would be not be a problem at all. IMHO.
If the atomic swap will be implemented properly then connecting the API to thw web wallet would be easy enough.
Im more curious what platfrom will be the next where tokens will be issued? Probably EOS?

We are keeping an eye on multiple platfroms included EOS.
They have made recently the swap to the mainet so we will consoder the opportunity of issuing tokens on EOS even more.
But firstly we focus on ETH side. When we properly implement all the features we have planned earlier wintin ETH network, then we will focus the development power on other things

[karlos_545]

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

• The LibreCash token.
• A smart contract for the purchase and sale of LibreCash for ETH.
• A web wallet.
• A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
• The oracle system for loading data about the current exchange rates.
• The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

• shareholders, who have LBRS-tokens and ability to vote;
• delegates, who represent the shareholders interests;
• board of directors, which will include current delegates;
• the constitution of the DAO, the document with main principles of the organisation;
• constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

• to elect a delegate, who will represent his interests;
• to try become a delegate;
• to elect a guarantors.

The board of directors is able (by voting):

• to change the constitution;
• to elect guarantors, who will keep a part of reserve fund for diversification;
• to elect contractors for software development, marketing, business development, etc;
• to change some economic parameters of LibreCash emission and liquidation;
• to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

What elese benefits owning the shares will bring me? Besides the posibilty of increasint the reserve fund and my % of that reserve fund?
Will I be able to stake/mine tokens? According to the idea of unlimited share holders it would be wise to set the exact numer of share holders and give them an ability to set up the node as well

[all_inman]

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

• The LibreCash token.
• A smart contract for the purchase and sale of LibreCash for ETH.
• A web wallet.
• A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
• The oracle system for loading data about the current exchange rates.
• The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

• shareholders, who have LBRS-tokens and ability to vote;
• delegates, who represent the shareholders interests;
• board of directors, which will include current delegates;
• the constitution of the DAO, the document with main principles of the organisation;
• constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

• to elect a delegate, who will represent his interests;
• to try become a delegate;
• to elect a guarantors.

The board of directors is able (by voting):

• to change the constitution;
• to elect guarantors, who will keep a part of reserve fund for diversification;
• to elect contractors for software development, marketing, business development, etc;
• to change some economic parameters of LibreCash emission and liquidation;
• to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

What elese benefits owning the shares will bring me? Besides the posibilty of increasint the reserve fund and my % of that reserve fund?
Will I be able to stake/mine tokens? According to the idea of unlimited share holders it would be wise to set the exact numer of share holders and give them an ability to set up the node as well

is nt it enough for u? I mean growth of the reserve funds and the value per eash your share u own? I guess it is huge field for making the profit from tokens owning. Just imagine how big cash flow here will be when there are at least 1 million active users? The same for the reserve fund. It would be enormously huge if there are enough active users. Thus each your share will be worth more then enough for you mate

[antropogen0009]

How does the election of the managment team work? There are plenty of LBRS share holders and how exactly some of them will be chosen as one of the manager?
Moreover how many members may be in the management team at all and for how lonf they are being chosen?

There will be a trasperent voting. As it is the DAO so all the share holders will have a right to vote for some particular share holders. It is like choosing the delegates in Lisk or ARK.
And then according to the results of that vote the managment team will be chosen

[selskoidima]

How does the election of the managment team work? There are plenty of LBRS share holders and how exactly some of them will be chosen as one of the manager?
Moreover how many members may be in the management team at all and for how lonf they are being chosen?

There will be a trasperent voting. As it is the DAO so all the share holders will have a right to vote for some particular share holders. It is like choosing the delegates in Lisk or ARK.
And then according to the results of that vote the managment team will be chosen

But how many votes are needed for that?
Moreover how many shares I have to own to be eligable to participate in the voting process? Or anyone may take part? Quite important question I think

[prygunovpasha]

How does the election of the managment team work? There are plenty of LBRS share holders and how exactly some of them will be chosen as one of the manager?
Moreover how many members may be in the management team at all and for how lonf they are being chosen?

There will be a trasperent voting. As it is the DAO so all the share holders will have a right to vote for some particular share holders. It is like choosing the delegates in Lisk or ARK.
And then according to the results of that vote the managment team will be chosen

But how many votes are needed for that?
Moreover how many shares I have to own to be eligable to participate in the voting process? Or anyone may take part? Quite important question I think

Anyone could be elected in managment team.
The only question I dont know how many percentage of votes are needed to be chosen into that team. I think there will be no exact number of users that have to vote for some particular person, it has to be in %.

[ApehaFan777]

What are the methods of payment here? May I contribute with Fiat? PayPak or wire transfer are preferable.

[semiwylson]

What are the methods of payment here? May I contribute with Fiat? PayPak or wire transfer are preferable.

As far as I know no. You may invest only crypto. Accepting fiat requires a lot of documents and partnerships with some bank.It is very long process

[selskoidima]

What will u do with unsold tokens? According to your idea tokens has to be stable. So Im curious what way will u choose to maintain the price stable

Im not sure but I think all unsold tokens will be burned.It is the common practice nowdays that allow to decrease the supply

[prygunovpasha]

What will u do with unsold tokens? According to your idea tokens has to be stable. So Im curious what way will u choose to maintain the price stable

Im not sure but I think all unsold tokens will be burned.It is the common practice nowdays that allow to decrease the supply

Whats the sense of decreasing supply here if the aim of the token is having in circulation as many tokens as possible? I mean a lot of users = a lot of tokens. if unsold tokens will be burned im not sure it will be really clever decesion.

[nofork_man]

What will u do with unsold tokens? According to your idea tokens has to be stable. So Im curious what way will u choose to maintain the price stable

Im not sure but I think all unsold tokens will be burned.It is the common practice nowdays that allow to decrease the supply

Whats the sense of decreasing supply here if the aim of the token is having in circulation as many tokens as possible? I mean a lot of users = a lot of tokens. if unsold tokens will be burned im not sure it will be really clever decesion.

All tokens has to be backed here. If there are unsold tokens so then they wont be backed thats why there is only one way out - burning. Bacause tokens without backing in this projcet CAN NOT exist

[kabackovas]

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

• The LibreCash token.
• A smart contract for the purchase and sale of LibreCash for ETH.
• A web wallet.
• A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
• The oracle system for loading data about the current exchange rates.
• The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

• shareholders, who have LBRS-tokens and ability to vote;
• delegates, who represent the shareholders interests;
• board of directors, which will include current delegates;
• the constitution of the DAO, the document with main principles of the organisation;
• constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

• to elect a delegate, who will represent his interests;
• to try become a delegate;
• to elect a guarantors.

The board of directors is able (by voting):

• to change the constitution;
• to elect guarantors, who will keep a part of reserve fund for diversification;
• to elect contractors for software development, marketing, business development, etc;
• to change some economic parameters of LibreCash emission and liquidation;
• to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

SO until DAO is launched project would not be started or what?
If I wrong then how project itself would operate without DAO? On which managing model will you rely though?
Thx in advance for clarification

[nofork_man]

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

• The LibreCash token.
• A smart contract for the purchase and sale of LibreCash for ETH.
• A web wallet.
• A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
• The oracle system for loading data about the current exchange rates.
• The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

• shareholders, who have LBRS-tokens and ability to vote;
• delegates, who represent the shareholders interests;
• board of directors, which will include current delegates;
• the constitution of the DAO, the document with main principles of the organisation;
• constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

• to elect a delegate, who will represent his interests;
• to try become a delegate;
• to elect a guarantors.

The board of directors is able (by voting):

• to change the constitution;
• to elect guarantors, who will keep a part of reserve fund for diversification;
• to elect contractors for software development, marketing, business development, etc;
• to change some economic parameters of LibreCash emission and liquidation;
• to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

SO until DAO is launched project would not be started or what?
If I wrong then how project itself would operate without DAO? On which managing model will you rely though?
Thx in advance for clarification

Project will be started anyway. As all the rest developments project will being changed, fixed, developed overall being in mainet. So it will already exist and team will be doing all their best to push it to the true DAO govermance

[DIXItip4ik]

what are the benefits of being a delegate? Im managing the project, okay, but whats about proces for me?
Will I be able to get some kind of staking reward or just other type of passive incime for being a delegate? Probably the same way as it is imlemented in Lisk

[johnywalkerrr]

what are the benefits of being a delegate? Im managing the project, okay, but whats about proces for me?
Will I be able to get some kind of staking reward or just other type of passive incime for being a delegate? Probably the same way as it is imlemented in Lisk

You will be able to take a decesions in what way project will go in the way of developing and growth. It is some kind of power. U wont get any kind of passive income as far as I know, only power to decide on different questions regarding the project.

[antropogen0009]

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

• The LibreCash token.
• A smart contract for the purchase and sale of LibreCash for ETH.
• A web wallet.
• A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
• The oracle system for loading data about the current exchange rates.
• The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

• shareholders, who have LBRS-tokens and ability to vote;
• delegates, who represent the shareholders interests;
• board of directors, which will include current delegates;
• the constitution of the DAO, the document with main principles of the organisation;
• constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

• to elect a delegate, who will represent his interests;
• to try become a delegate;
• to elect a guarantors.

The board of directors is able (by voting):

• to change the constitution;
• to elect guarantors, who will keep a part of reserve fund for diversification;
• to elect contractors for software development, marketing, business development, etc;
• to change some economic parameters of LibreCash emission and liquidation;
• to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

So who exactly will choose the board directors? As it is written that every share holders will be able to do that as well as each board director ( exisiting one? LOL_)
If Im a director right now what can prevent me from voting for myself?

[Boooogieeee]

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

• The LibreCash token.
• A smart contract for the purchase and sale of LibreCash for ETH.
• A web wallet.
• A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
• The oracle system for loading data about the current exchange rates.
• The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
• The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a user’s vote is determined by the user’s balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
• The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

• shareholders, who have LBRS-tokens and ability to vote;
• delegates, who represent the shareholders interests;
• board of directors, which will include current delegates;
• the constitution of the DAO, the document with main principles of the organisation;
• constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

• to elect a delegate, who will represent his interests;
• to try become a delegate;
• to elect a guarantors.

The board of directors is able (by voting):

• to change the constitution;
• to elect guarantors, who will keep a part of reserve fund for diversification;
• to elect contractors for software development, marketing, business development, etc;
• to change some economic parameters of LibreCash emission and liquidation;
• to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

So who exactly will choose the board directors? As it is written that every share holders will be able to do that as well as each board director ( exisiting one? LOL_)
If Im a director right now what can prevent me from voting for myself?

I dont think it is possible. I mean voting for yourself. I think you will be able to vote ONLY for another person.
By the way Im curious about how exactly voting will be implemented? Each account will have the aliace name? Or we will vote just for ETH address as a representor?

[ApehaFan777]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

[nofork_man]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

[DIXItip4ik]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

A litle bit weird tieing to be honest. Putting it better Im not sure I understand it correctly. It will corresposnd with consumer demand of which particular country? Or will it be globaly? If globaly how to collect all the data?

[ricardovaldossa]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

A litle bit weird tieing to be honest. Putting it better Im not sure I understand it correctly. It will corresposnd with consumer demand of which particular country? Or will it be globaly? If globaly how to collect all the data?

It will rely on data if the most advanced coutries and the average point will be calculated.
The main benefit of Libre is not tying to consumer demand, it is fully transperancy and backing by crypto that could be converted back any time person wants

[surtur001s]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

A litle bit weird tieing to be honest. Putting it better Im not sure I understand it correctly. It will corresposnd with consumer demand of which particular country? Or will it be globaly? If globaly how to collect all the data?

It will rely on data if the most advanced coutries and the average point will be calculated.
The main benefit of Libre is not tying to consumer demand, it is fully transperancy and backing by crypto that could be converted back any time person wants

Agree, it is really benefit here. Market just has not realized it yet, thats the problem, but it will be fixed for sure when Tether will turn into real scam.
By the way I would like Libre to have a Foundation. It will bring more trust from the ordinar users

[all_inman]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

A litle bit weird tieing to be honest. Putting it better Im not sure I understand it correctly. It will corresposnd with consumer demand of which particular country? Or will it be globaly? If globaly how to collect all the data?

It will rely on data if the most advanced coutries and the average point will be calculated.
The main benefit of Libre is not tying to consumer demand, it is fully transperancy and backing by crypto that could be converted back any time person wants

Agree, it is really benefit here. Market just has not realized it yet, thats the problem, but it will be fixed for sure when Tether will turn into real scam.
By the way I would like Libre to have a Foundation. It will bring more trust from the ordinar users

Foundation is not needed here at all. It is just a status, moreover even not the legal one, just forlmal one.
LibreBank will operate not belonging to any particular jurisdiction or authority, it will be fully decentralized stable coin - the thing all the crypto market is striving to obtain now for fixing the profits.

[semiwylson]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

A litle bit weird tieing to be honest. Putting it better Im not sure I understand it correctly. It will corresposnd with consumer demand of which particular country? Or will it be globaly? If globaly how to collect all the data?

It will rely on data if the most advanced coutries and the average point will be calculated.
The main benefit of Libre is not tying to consumer demand, it is fully transperancy and backing by crypto that could be converted back any time person wants

Agree, it is really benefit here. Market just has not realized it yet, thats the problem, but it will be fixed for sure when Tether will turn into real scam.
By the way I would like Libre to have a Foundation. It will bring more trust from the ordinar users

Foundation is not needed here at all. It is just a status, moreover even not the legal one, just forlmal one.
LibreBank will operate not belonging to any particular jurisdiction or authority, it will be fully decentralized stable coin - the thing all the crypto market is striving to obtain now for fixing the profits.

Whats about limitations for buyers? Do u accept buyers from all the countries or some are restricted like the USA or China??

[Nskaolimpiyskiy]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

A litle bit weird tieing to be honest. Putting it better Im not sure I understand it correctly. It will corresposnd with consumer demand of which particular country? Or will it be globaly? If globaly how to collect all the data?

It will rely on data if the most advanced coutries and the average point will be calculated.
The main benefit of Libre is not tying to consumer demand, it is fully transperancy and backing by crypto that could be converted back any time person wants

Agree, it is really benefit here. Market just has not realized it yet, thats the problem, but it will be fixed for sure when Tether will turn into real scam.
By the way I would like Libre to have a Foundation. It will bring more trust from the ordinar users

Foundation is not needed here at all. It is just a status, moreover even not the legal one, just forlmal one.
LibreBank will operate not belonging to any particular jurisdiction or authority, it will be fully decentralized stable coin - the thing all the crypto market is striving to obtain now for fixing the profits.

Whats about limitations for buyers? Do u accept buyers from all the countries or some are restricted like the USA or China??

I think it is on your own discretion and your own risk. This token is a 100% utility. That’s mean that every person who really wants may take part in this ICO

[ApehaFan777]

Why are u making an ICO? I guess IPO would be more suitable here. To establish the big company that will be managed in the decentralized way by according to all the legal terms and regulations. It would give you huge trust from the ordinar investors

[johnywalkerrr]

Why are u making an ICO? I guess IPO would be more suitable here. To establish the big company that will be managed in the decentralized way by according to all the legal terms and regulations. It would give you huge trust from the ordinar investors

It does not suit the teams vision about this project. It will be coin ruled only be the community, no regulation or smth similar. Only community.
Moreover the cost for conducting the IPO are enormous. Whats the sense of wasting the money if there is more suitable option as ICO?

[zajtsewatan]

Why are u making an ICO? I guess IPO would be more suitable here. To establish the big company that will be managed in the decentralized way by according to all the legal terms and regulations. It would give you huge trust from the ordinar investors

It does not suit the teams vision about this project. It will be coin ruled only be the community, no regulation or smth similar. Only community.
Moreover the cost for conducting the IPO are enormous. Whats the sense of wasting the money if there is more suitable option as ICO?

I would also add that without ICO and token model this project would be impossible at all!
Has anyone heard about IPO for blockchain project? As for me not. It is completly different fields IPO and blockchain.
Moreover the reserve fund here will be in crypto. It makes conducting IPO here impossible at all!

[selskoidima]

Why have u chosen DAO as a way of managing your project? Is it really suits good enough the idea of stable coin?
From my point of view the trust worthy company would obtain more trust from the investors rather then just unknown DAO. Most of the people even dont know what is the DAO and how it works.

[surtur001s]

Why have u chosen DAO as a way of managing your project? Is it really suits good enough the idea of stable coin?
From my point of view the trust worthy company would obtain more trust from the investors rather then just unknown DAO. Most of the people even dont know what is the DAO and how it works.

It is just temporary. DAO govermance model is the ideal govermance for all the world. No bad or good leader, only the wisdom of crowd.
Im aware only of one thing - will the DAO be properly implemented here? As there are only few really working DAOs at the market currently but they are not so good, but LibreCash has to be very advanced one.

[johnywalkerrr]

Why do I need to work with crypto currencies? What are your reasons.. Could you list them, please! Is it really important nowadays? Or no, just hype? Does it have a future? Also, tell me a few words about Libre platform! Why do I need to pay attention on you and this platform?? I just need some help here. I would appreciate any attention! thank you!

[nofork_man]

Why do I need to work with crypto currencies? What are your reasons.. Could you list them, please! Is it really important nowadays? Or no, just hype? Does it have a future? Also, tell me a few words about Libre platform! Why do I need to pay attention on you and this platform?? I just need some help here. I would appreciate any attention! thank you!

Nowadays crypto-currencies are primarily a tool for speculation. Also, I want to add and to say you, that a high volatility prevents them from integrating into common economical processes. That’s why I think it is pretty important to understand the crypto currencies and its business) The future stands by this new and innovated economic segment!

[prygunovpasha]

I was reading about this platform, I mean Liblebank and Librecash.. And I have found a question for myself! Why new tokens are created? What is the reason? Does the team of Lible has already made a any good answer for it? I guess you users must know about it and get information as fast as it as possible! the support of the team is always valuable! I guess, this team is respectful

[Nicole1987]

Hi, guys. I like the construction of this idea

[HoskinsMatthew]

sensible website Good luck team.

[ricardovaldossa]

I was reading about this platform, I mean Liblebank and Librecash.. And I have found a question for myself! Why new tokens are created? What is the reason? Does the team of Lible has already made a any good answer for it? I guess you users must know about it and get information as fast as it as possible! the support of the team is always valuable! I guess, this team is respectful

New tokens are created on the platform of Liblebank and Librecash as a solution to the issue face another essential problem, as the Libre team explains us. Guys above us just have discussed this issue very well. So, you can find out more if scroll up) Just spend a little of your time, if you want to get this point. I mean if you really need it)

[zlupin]

The business is very good and if you really thrive in realizing your visions, then I think it will be nice!

[zajtsewatan]

I was studying your platform and found LibreLash. Now I woud like to ask team members or platform participants about this point, I mean LibreLash. What are these main features? I just want to read some new information and refresh the position of Lible platform in my head. I consider it to be pretty goo, but I have to analyze..

[semiwylson]

I was studying your platform and found LibreLash. Now I woud like to ask team members or platform participants about this point, I mean LibreLash. What are these main features? I just want to read some new information and refresh the position of Lible platform in my head. I consider it to be pretty goo, but I have to analyze..

The first thing, that I need to say about LibloCash – it is stable. Its constant rate is 1 LibreCash = 1 USD. But in the future, for example in 2020, rate calculation will be conducted based on the global purchasing power unit. So, with time everything will be changed! Like in any situation in any platform. But we expect it to be amazing!!

[kabackovas]

I was studying your platform and found LibreLash. Now I woud like to ask team members or platform participants about this point, I mean LibreLash. What are these main features? I just want to read some new information and refresh the position of Lible platform in my head. I consider it to be pretty goo, but I have to analyze..

The first thing, that I need to say about LibloCash – it is stable. Its constant rate is 1 LibreCash = 1 USD. But in the future, for example in 2020, rate calculation will be conducted based on the global purchasing power unit. So, with time everything will be changed! Like in any situation in any platform. But we expect it to be amazing!!

another feature is an emission and destruction. They are based on the proof-of-reserve concept of the pledge of cryptocurrency assets. They are - BTC, LTC, ETH, etc. I am sure, that at the first stage Ethereum will be the asset) If you didn’t got, what is Emission – it is when a user transfers an asset as a deposit via a smart contract.

[johnywalkerrr]

what is going on with the emission on the LibreCash platform? What do users do there? If the smart contract is used? It would be very interesting to know, as I consider this planform to be a future leader. I guess, they may set different rules and be pretty successful in their industry of activity! I would like to wish a good luck)!

[nofork_man]

what is going on with the emission on the LibreCash platform? What do users do there? If the smart contract is used? It would be very interesting to know, as I consider this planform to be a future leader. I guess, they may set different rules and be pretty successful in their industry of activity! I would like to wish a good luck)!

I remember, that a user transfers an asset as a deposit via a smart contract. So, yes, the smart contract is issued. Also user pays the token emission fee. I am not sure,  if the prices are known. Then the asset is reserved in DAO LibreBank fund as the backing. Also, the user receives LibreCash tokens. They are based on the current rate.

[prygunovpasha]

what is going on with the emission on the LibreCash platform? What do users do there? If the smart contract is used? It would be very interesting to know, as I consider this planform to be a future leader. I guess, they may set different rules and be pretty successful in their industry of activity! I would like to wish a good luck)!

I remember, that a user transfers an asset as a deposit via a smart contract. So, yes, the smart contract is issued. Also user pays the token emission fee. I am not sure,  if the prices are known. Then the asset is reserved in DAO LibreBank fund as the backing. Also, the user receives LibreCash tokens. They are based on the current rate.

what else yuser can do inside of this platform?I guess, there is a great list, what can be done, but I just need a few poinds for meself to understand the sense. So, I would be very thankful if anyone could answer my quesyion about the LibreBank features. Also, I want to ask, if the Dao is really used inside of this platform?

[ricardovaldossa]

what is going on with the emission on the LibreCash platform? What do users do there? If the smart contract is used? It would be very interesting to know, as I consider this planform to be a future leader. I guess, they may set different rules and be pretty successful in their industry of activity! I would like to wish a good luck)!

I remember, that a user transfers an asset as a deposit via a smart contract. So, yes, the smart contract is issued. Also user pays the token emission fee. I am not sure,  if the prices are known. Then the asset is reserved in DAO LibreBank fund as the backing. Also, the user receives LibreCash tokens. They are based on the current rate.

what else yuser can do inside of this platform?I guess, there is a great list, what can be done, but I just need a few poinds for meself to understand the sense. So, I would be very thankful if anyone could answer my quesyion about the LibreBank features. Also, I want to ask, if the Dao is really used inside of this platform?

Users can check the backing of LibreCash tokens emitted . They are emitted in the DAO’s reserve fund. It is made whatever it is needed, so, in other words, anytime. By the way, with these questions you may take a look at the presentation of LibreCash. It could help ypu to find answers for your questions.

[zajtsewatan]

what is going on with the emission on the LibreCash platform? What do users do there? If the smart contract is used? It would be very interesting to know, as I consider this planform to be a future leader. I guess, they may set different rules and be pretty successful in their industry of activity! I would like to wish a good luck)!

I remember, that a user transfers an asset as a deposit via a smart contract. So, yes, the smart contract is issued. Also user pays the token emission fee. I am not sure,  if the prices are known. Then the asset is reserved in DAO LibreBank fund as the backing. Also, the user receives LibreCash tokens. They are based on the current rate.

what else yuser can do inside of this platform?I guess, there is a great list, what can be done, but I just need a few poinds for meself to understand the sense. So, I would be very thankful if anyone could answer my quesyion about the LibreBank features. Also, I want to ask, if the Dao is really used inside of this platform?

Users can check the backing of LibreCash tokens emitted . They are emitted in the DAO’s reserve fund. It is made whatever it is needed, so, in other words, anytime. By the way, with these questions you may take a look at the presentation of LibreCash. It could help ypu to find answers for your questions.

What is the destruction inside the platform of LibreCash? What users are able to do during this process? I tnkink, what it is made with the help of smart contract, but I would like to be sure..And also, if the fee for destruction is known? It is important for me now. Thank you for your attention

[semiwylson]

what is going on with the emission on the LibreCash platform? What do users do there? If the smart contract is used? It would be very interesting to know, as I consider this planform to be a future leader. I guess, they may set different rules and be pretty successful in their industry of activity! I would like to wish a good luck)!

I remember, that a user transfers an asset as a deposit via a smart contract. So, yes, the smart contract is issued. Also user pays the token emission fee. I am not sure,  if the prices are known. Then the asset is reserved in DAO LibreBank fund as the backing. Also, the user receives LibreCash tokens. They are based on the current rate.

what else yuser can do inside of this platform?I guess, there is a great list, what can be done, but I just need a few poinds for meself to understand the sense. So, I would be very thankful if anyone could answer my quesyion about the LibreBank features. Also, I want to ask, if the Dao is really used inside of this platform?

Users can check the backing of LibreCash tokens emitted . They are emitted in the DAO’s reserve fund. It is made whatever it is needed, so, in other words, anytime. By the way, with these questions you may take a look at the presentation of LibreCash. It could help ypu to find answers for your questions.

What is the destruction inside the platform of LibreCash? What users are able to do during this process? I tnkink, what it is made with the help of smart contract, but I would like to be sure..And also, if the fee for destruction is known? It is important for me now. Thank you for your attention

Hey, I have already read, thay the user transfers LibreCash to the DAO via a smart contract. So, you was right about the use of it. Than a user pays thedestruction fee. It is not known, the same as for emission fee. Then he receives back the basic asset from the reserve fund of the DAO. Which are based on the current rate.

[kabackovas]

 I would like to ask a simple question for this platform team and maybe members, if they know the answer. How does the LibreCash token is based? What does this token support and what can it result. I am asking it, because I am a newcomer here and know a lot of information about it.

[karlos_545]

I would like to ask a simple question for this platform team and maybe members, if they know the answer. How does the LibreCash token is based? What does this token support and what can it result. I am asking it, because I am a newcomer here and know a lot of information about it.

I am a user and I know some answers for your questions. The token is based on Ethereum, as any popular token of today’s period.  It is a support for other blockchain-based platforms andtechnological independence with token transition. I mean  betweenblockchain platforms without depreciation is coming next)

[semiwylson]

I would like to Find out any information about The LibreBank.. And also I want to get the connection of this element with DAO.. Does it supply anything? If it is so, I would like to get the all possible reasons of it.  I Found this platform and I am studying it right now, that’s why I am asking for any help!

[johnywalkerrr]

I would like to Find out any information about The LibreBank.. And also I want to get the connection of this element with DAO.. Does it supply anything? If it is so, I would like to get the all possible reasons of it.  I Found this platform and I am studying it right now, that’s why I am asking for any help!

LibreBank is a DAO meant to supply the liquidity of LibreCash. Also it is done with a good reason – to ensure the financial privacy of the users. LibreBank takes care of the several important opints and elements of this platform. I think that the team worked hard on the project and its idea/ I do wish them to develop in their industry..

[Nskaolimpiyskiy]

I would like to Find out any information about The LibreBank.. And also I want to get the connection of this element with DAO.. Does it supply anything? If it is so, I would like to get the all possible reasons of it.  I Found this platform and I am studying it right now, that’s why I am asking for any help!

LibreBank is a DAO meant to supply the liquidity of LibreCash. Also it is done with a good reason – to ensure the financial privacy of the users. LibreBank takes care of the several important opints and elements of this platform. I think that the team worked hard on the project and its idea/ I do wish them to develop in their industry..

So, what about does LibreBank takes care? Does it control the LibreCash? How does it made? Also, another question, or how to say it right.. mabe it is a reques of information.. Anyway – what is the other role of LibreBank? U guess, that if it is a bank, it must be a storage for something.. Am I right, or no? I am really interested in it

[nofork_man]

I would like to Find out any information about The LibreBank.. And also I want to get the connection of this element with DAO.. Does it supply anything? If it is so, I would like to get the all possible reasons of it.  I Found this platform and I am studying it right now, that’s why I am asking for any help!

LibreBank is a DAO meant to supply the liquidity of LibreCash. Also it is done with a good reason – to ensure the financial privacy of the users. LibreBank takes care of the several important opints and elements of this platform. I think that the team worked hard on the project and its idea/ I do wish them to develop in their industry..

So, what about does LibreBank takes care? Does it control the LibreCash? How does it made? Also, another question, or how to say it right.. mabe it is a reques of information.. Anyway – what is the other role of LibreBank? U guess, that if it is a bank, it must be a storage for something.. Am I right, or no? I am really interested in it

LibreBank cares about the LibreCash emission and destruction control. Also it is an asset storage in the reserve fund and access to the backing check. So you was right about the storage. A bank keeps anything in any case.. It is a regular definition of the bank! Even if it works in the industry of crypto currencies!

[prygunovpasha]

I would like to Find out any information about The LibreBank.. And also I want to get the connection of this element with DAO.. Does it supply anything? If it is so, I would like to get the all possible reasons of it.  I Found this platform and I am studying it right now, that’s why I am asking for any help!

LibreBank is a DAO meant to supply the liquidity of LibreCash. Also it is done with a good reason – to ensure the financial privacy of the users. LibreBank takes care of the several important opints and elements of this platform. I think that the team worked hard on the project and its idea/ I do wish them to develop in their industry..

So, what about does LibreBank takes care? Does it control the LibreCash? How does it made? Also, another question, or how to say it right.. mabe it is a reques of information.. Anyway – what is the other role of LibreBank? U guess, that if it is a bank, it must be a storage for something.. Am I right, or no? I am really interested in it

LibreBank cares about the LibreCash emission and destruction control. Also it is an asset storage in the reserve fund and access to the backing check. So you was right about the storage. A bank keeps anything in any case.. It is a regular definition of the bank! Even if it works in the industry of crypto currencies!

I would like to add about formation of the investment funds of all earnings, as well as effective management and replenishment to improve the system’s stability. So, the team do all their best to develop a platform! And, the other technical, commercial, and legal concerns for the system’s development is done also.

[ricardovaldossa]

Hello, guys. I want to ask about now a regular for me LibreBank, but about LibreBank Reserve Share. As much as I got, it is also called as LBRS.. So, what is it? What is the reason of this creation and the activity also? Is it something special for the platform? I am asking, because the abbreviation attracted my attention!

[semiwylson]

Hello, guys. I want to ask about now a regular for me LibreBank, but about LibreBank Reserve Share. As much as I got, it is also called as LBRS.. So, what is it? What is the reason of this creation and the activity also? Is it something special for the platform? I am asking, because the abbreviation attracted my attention!

I know, that it is a special token meant to manage the DAO. It is a share of all LibreBank assets, considering the primary LibreCash provision of liquidity liabilities. LBRS owners accept the capitalization of reserve volatility risks, value growth potential, and fund profit. I would like to add, that they also have a voice in DAO management based on their stakes

[johnywalkerrr]

I have found this platform and have took a look on it. Most of all I liked the things, that LibreCash they have implemented. There were a lot of points, but I want to tell you about its token. This token is based on the version of ERC20. Also, as I remember, it has additional emission, destruction, and transfer of authority. So, all needed and interesting

[nofork_man]

I have found this platform and have took a look on it. Most of all I liked the things, that LibreCash they have implemented. There were a lot of points, but I want to tell you about its token. This token is based on the version of ERC20. Also, as I remember, it has additional emission, destruction, and transfer of authority. So, all needed and interesting

what about me, I liked an autonomous smart contract. It is made for purchasing and selling LibreCash tokens for ETH. I said about it because as a rule I use ETH. In any place, any case, any situation..  So, this implementation made my life easier. I understand, that a lot of platform is ETH, but appreciate this one, because I like the platform of LibreCash.

[prygunovpasha]

I have found this platform and have took a look on it. Most of all I liked the things, that LibreCash they have implemented. There were a lot of points, but I want to tell you about its token. This token is based on the version of ERC20. Also, as I remember, it has additional emission, destruction, and transfer of authority. So, all needed and interesting

what about me, I liked an autonomous smart contract. It is made for purchasing and selling LibreCash tokens for ETH. I said about it because as a rule I use ETH. In any place, any case, any situation..  So, this implementation made my life easier. I understand, that a lot of platform is ETH, but appreciate this one, because I like the platform of LibreCash.

I met a lot of problems with different kinds of wallets. All of them are difficult and complicated. That’s why I am going to say about the web wallet lite. It is made, as usual wallet,  for the storage and transfer tokens. But in this case we are talking about the of LibreCash tokens. Also these actions can be done among users.

[zajtsewatan]

I have found this platform and have took a look on it. Most of all I liked the things, that LibreCash they have implemented. There were a lot of points, but I want to tell you about its token. This token is based on the version of ERC20. Also, as I remember, it has additional emission, destruction, and transfer of authority. So, all needed and interesting

what about me, I liked an autonomous smart contract. It is made for purchasing and selling LibreCash tokens for ETH. I said about it because as a rule I use ETH. In any place, any case, any situation..  So, this implementation made my life easier. I understand, that a lot of platform is ETH, but appreciate this one, because I like the platform of LibreCash.

I met a lot of problems with different kinds of wallets. All of them are difficult and complicated. That’s why I am going to say about the web wallet lite. It is made, as usual wallet,  for the storage and transfer tokens. But in this case we are talking about the of LibreCash tokens. Also these actions can be done among users.

yes, I agree with a mind about wallets. Most of them are really inconvenient to use. They don’t meet needs of users. But, Web walet has the ability to buy and sell LibreCash tokens for ETH, as it was said above and to transfer tokens to other users. All these processes are based on MyEtherWallet. Actually, it is pretty good wallet..

[semiwylson]

I heard about the Decentralized app. Also it is called like DApp). I like it, because it gives the access to information about LibreBank balance. I mean the data from public block explorers. Also there is the number of emitted tokens, what is important not to forget and the current exchange parameters, which are needed know.

[kabackovas]

I heard about the Decentralized app. Also it is called like DApp). I like it, because it gives the access to information about LibreBank balance. I mean the data from public block explorers. Also there is the number of emitted tokens, what is important not to forget and the current exchange parameters, which are needed know.

I would like to say about an oracles system. This system is made for downloading data. This data is about the current exchange rates of currencies. This information is from external sources to the smart contracts. Also I remember, that the team uses Oraclize. They do it with their own and unique solution, LibreOracle.

[karlos_545]

I heard about the Decentralized app. Also it is called like DApp). I like it, because it gives the access to information about LibreBank balance. I mean the data from public block explorers. Also there is the number of emitted tokens, what is important not to forget and the current exchange parameters, which are needed know.

I would like to say about an oracles system. This system is made for downloading data. This data is about the current exchange rates of currencies. This information is from external sources to the smart contracts. Also I remember, that the team uses Oraclize. They do it with their own and unique solution, LibreOracle.

I want to say about the autonomous smart contract. This is a prototype for selling and purchasing tokens. So, we are talking about the LibreCash tokens. The currencyof exchange is ETH, as usual. It has got the ability to emit tokens. And also to destruct tokens. T looks and sounds very interesting) That’s why let’s keep an eye on it!

[Boooogieeee]

I heard about the Decentralized app. Also it is called like DApp). I like it, because it gives the access to information about LibreBank balance. I mean the data from public block explorers. Also there is the number of emitted tokens, what is important not to forget and the current exchange parameters, which are needed know.

I would like to say about an oracles system. This system is made for downloading data. This data is about the current exchange rates of currencies. This information is from external sources to the smart contracts. Also I remember, that the team uses Oraclize. They do it with their own and unique solution, LibreOracle.

I want to say about the autonomous smart contract. This is a prototype for selling and purchasing tokens. So, we are talking about the LibreCash tokens. The currencyof exchange is ETH, as usual. It has got the ability to emit tokens. And also to destruct tokens. T looks and sounds very interesting) That’s why let’s keep an eye on it!

Also LibreCash uses DAO smart contract prototype. The team uses it for managing the parameters of the emissive smart contract. The significance of a user’s vote is defined by his or her balance in LBRS. They implemented a role for an elected issue resolver, who can veto the result of any vote.
This smart contract is based on the standard Ethereum DAO.

[phamtheanh888]

I like this project. I have found this platform and have took a look on it. Most of all I liked the things, that LibreCash they have implemented. There were a lot of points, but I want to tell you about its token. This token is based on the version of ERC20. Also, as I remember, it has additional emission, destruction, and transfer of authority. So, all needed and very interesting.

[Riedbach]

What recommended parameters to adjust in my wallet for investing in your project?

[johnywalkerrr]

 I was looking at your platform. And now I have a question… How does it work? I mean, if there is a special system.. Like step by step model of circulation? I would be happy to see it.. Also I have one more question - What are you working on? I mean what do you develop ar plan to develop.. What will be the emission.. just general information..

[nofork_man]

I was looking at your platform. And now I have a question… How does it work? I mean, if there is a special system.. Like step by step model of circulation? I would be happy to see it.. Also I have one more question - What are you working on? I mean what do you develop ar plan to develop.. What will be the emission.. just general information..

The release of LibreCash into circulation has several steps. They are: the user initiates the purchase through a smart contract. That the user pays a fee for the release of LibreCash and transfers ETH to the smart contract address. Than the received commission and ETH are placed in the LibreBank reserve fund.
And only here the user receives LibreCash.

[prygunovpasha]

I was looking at your platform. And now I have a question… How does it work? I mean, if there is a special system.. Like step by step model of circulation? I would be happy to see it.. Also I have one more question - What are you working on? I mean what do you develop ar plan to develop.. What will be the emission.. just general information..

The release of LibreCash into circulation has several steps. They are: the user initiates the purchase through a smart contract. That the user pays a fee for the release of LibreCash and transfers ETH to the smart contract address. Than the received commission and ETH are placed in the LibreBank reserve fund.
And only here the user receives LibreCash.

I can say you a few moments, on what is the team working on. Firstly – on the development of the decentralized system,  development of the economic motivation model of data providers. After – on the automatic emission and elimination of LibreCash tokens. And economic audit and safety audit in the prototypes’ test network of the emission..

[Rematsuni]

Greetings guys! It's really good project.
Logical design, wondrous logo.

[wldn]

Greetings guys! It's really good project.
Logical design, wondrous logo.

I completely agree with you

[KotiKo]

I see before me a transparent platform with a decentralized system and the prospect of becoming the leading crypto currency in this area.