Facebook Libra (or Globalcoin)

[Stilicho]

Hello guys,

could you please help me to better understand Facebook coming coin project?
I am interested in these topics.

1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?

thanks

Stilicho

[bibop555]

Hello guys,

could you please help me to better understand Facebook coming coin project?
I am interested in these topics.

1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?

thanks

Stilicho

Ok  1, globalcoin it a real name for coin
       2, facebook dont sell coin so you cant buy it , and GBC coming up
     

[Kemarit]

As far as I know, Facebook coin or whatever name is will not be releasing it this year. You can't really move that quick and have the coin ready after just announcing it in the last couple of months maybe at the background they are working with CFTC or even SEC to iron out everything. Most likely this coin will be available in 2020 timeframe. So I don't think that anyone here in the community can answer your questions unless they have some inside information about this coins though. So, you need to wait a bit longer and I'm sure they will announce it publicly if they are going to offer it to crypto enthusiast or if it will be for their internal used only.

[Gypsy.Danger]

Its too early to conclude about it. We can just wait right now, because we want to know more about their project and the functionalities on the coin itself. We must also observe properly their whitepaper and many more, etc.

[Red-Apple]

based on the things that i have read about this new coin, it will have an stable price which means there is not going to be any kind of trading or profit in investing in it. the reason why Facebook is creating it is to make money from two things, the transaction fees they will charge as a payment processor like PayPal charges and also from the extra data that they will start gathering and sell to the government agencies.

[EdvinZ]

Yes, Facebook is really going to launch its own cryptocurrency. In principle, its name is not so important. For speculators, the main thing to know is that this coin is announced as a stable coin. That is, to earn on the fluctuations of the rate of this digital asset will not work.

[avikz]

Hello guys,

could you please help me to better understand Facebook coming coin project?
I am interested in these topics.

1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?

thanks

Stilicho

I don't think that facebook will start selling their coins in the ooen market. Because every country has their own regulations in place which may not work well if they try to sell the same coin in different markets. However, since facebook has not yet made anything official, we can only speculate!

I would rather request you to read the below article to get some more insights of this project,

https://gizmodo.com/everything-you-need-to-know-about-facebooks-upcoming-cr-1835333424

Frankly speaking, we all know as little as you know!

[tsaroz]

AFAIK, Libra is the name of the project. Facebook has summoned some blockchain developers and working on it for quite a time now. Google and Amazon are doing similar things.
As for the name, I think it's not still finalised as they leak a new name everyday. They are publishing the whitepaper on 18th of June so you don't need to wait long for it.

[xenomorphe1]

We don't really have more information about Globalcoin. Just that it should be a stable coin.
Why do you want to buy a stable coin? You can already buy USDT, USDC or DAI.

[4rzun4]

Let's wait for further news on June 18, maybe the whitepaper will be launched and at least you can see information about this Globalcoin project. For now I think only the news is unclear. Please be patient, because I'm sure many people have been waiting for further news. Including me.

[Thanasis]

Hello guys,

could you please help me to better understand Facebook coming coin project?
I am interested in these topics.

1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?

thanks

Stilicho

Not sure this is the coin from facebook but if this is means then it is their wish to sell their coin as they want.I guess they will sell the coin from their own platform rather than choosing an exchange to sell it.

If the price regulated means it is regulated so it is not really a crypto currency.

[Ghebung Masam]

I am also interested in Facebook coins but that is only limited to discourse and I think this will add to the confidence in the crypto world, maybe it is still long enough to be traded.

[tabas]

1. Libra and Globalcoin is just the different name for the same Facebook coin?

From what I understand, the project is called project Libra and the coin that they are about to create is Globalcoin which is made by Facebook. It's usual to say that it is facebook coin.

2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be

There's no exact date and announcement when they will launch or conduct the sale or if there will be.

4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?

It is stable coin AFAIK so price won't fluctuate.

[tonyja2017]

Hello guys,

could you please help me to better understand Facebook coming coin project?
I am interested in these topics.

1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?

thanks

Stilicho

I think they won't sell their token to anyone. because they do not need capital, they have a huge professional and capital team. In addition, to participate in the crypto market, they must work with the SEC to be listed on CMC. everything seems difficult but i believe they will. Globalcoin is the official name of the Facebook coin.

[Ridwan Fauzi]

I am also interested in Facebook coins but that is only limited to discourse and I think this will add to the confidence in the crypto world, maybe it is still long enough to be traded.

Choose bitcoin if you are a trader, FB coin is stable coin which mean you will get a small profit from it because the price movement is slow rather than bitcoin unless you will use it as trading pair. I got weird when many people have a same thing to wait this coin will be listed on an exchange or even there is someone who say that many investors out there who has interested to this coin. Because it's stable coin and not deserve to be choose as investment place.

[kindbtc]

It will be a stable coin backed by usd so personally im not attracted to such a coin but im excited about the fact that it will definitely help bring not only adoption but new investors to crypto market that can result in crypto market going completely parabolic next year.

[elitemobb]

As far as I know, the company has postponed the launch of its own token since I assume that first of all they will regulate the issue with the SEC only after that they will release their token because everything should be legal.

[aioc]

Hello guys,

could you please help me to better understand Facebook coming coin project?
I am interested in these topics.

1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?

thanks

Stilicho

You are asking people here who are not part of the project, it is not yet released on what kind of coin they are going to launch there is no whitepaper being release, all of the questions cannot be answered accurately, we need to be patient and wait for the whitepaper to come out before you can ask questions, all of these will only fall into speculations.

[Gypsy.Danger]

Yes, Facebook is really going to launch its own cryptocurrency. In principle, its name is not so important. For speculators, the main thing to know is that this coin is announced as a stable coin. That is, to earn on the fluctuations of the rate of this digital asset will not work.

That is good to hear that facebook coin was a stable coin. But still confused what are the functions on that coin and what is a good side on the coin in terms for longer term of holding.

[martychubbs]

Hello! I am confused with Facebook as I read they are not selling right now. Really, a lot of things you questioned about are remain to bee seen.