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BSCNews: Libero Financial AMA Transcript
"Libero Finance is transforming DeFi with the Libero Autostaking Protocol"
Stephanie (BSC.News)
Hello everyone and welcome to the AMA with Libero Financial! Today we have @MrJarvisP joining us to talk about their exciting new project. Great to have you here 😁
MrJ
Hi Thanks for having me
And hi to the awesome family you have here
We really appreciate the opportunity to get to come and talk to your viewers about Libero
Stephanie (BSC.News)
Great! So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you beforehand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway.
so to kick things off, for those who may be unfamiliar...
MrJ
Good evening and thank you for having me here, we appreciate the opportunity to come here and talk to your users about Libero Financial.
For those that don't know me my name is Mr.J and I am the Chief Partnership Manager for Thoreum Capital and have had the pleasure to be working with them and their Users full time since Thoreum's inception.
Personally, I have been working on and off and investing in crypto for around 7 years but only recently started working full time in the crypto space, my background is in Management, Advertising and Social Media my Bachelors Degree is in English Language from the UK and have further studies in marketing, social media and finance.
Before working with Thoreum I worked primarily in marketing, working for a large real estate developer, before taking over the sales, management, advertising and social media for that business.
Though I have enjoyed these roles, none of them compares to being on the forefront of forging a new path in the, as yet uncharted regions of DeFi, being one of the early pioneers and having the opportunity to guide and shape this interesting new space is so exciting and can't wait to see the landscape of Crypto that we are all building together.
That's a little background on me and my involvement.
Libero team are a diverse group of highly skilled developers, security experts, viral marketers, and professional yield farmers having profound experience in defi & farming.
We have been analysing all the successful products in Defi space and want to bring a break through product to the market. Our team has exhaustively studied what causes projects in the DeFi space to implode. We have subsequently implemented redundancies and safety measures in both the contracts and the tokenomics to prevent attack vectors, single-source oracle exploits, possible minting & rug codes and other issues that could potentially stop a project in its tracks.
Backing us through the rain or shine is our strategic investor Thoreum.capital, who has very strong financial as well as user base support, they have a famous community of diamond hands investors (61,893++ holders) & strong local communities worldwide (18 local groups & 300,000 members in total). We have a direct advisory board comprised of core members of Thoreum capital.
Our competent team has the knowledge, drive, and aptitude, capable of scaling Libero to the moon, and beyond. From deep knowledge of farming & defi, to unparalleled viral marketing execution, and robust influencer connections with fail-safe digital marketing strategies, the team at Libero is on a mission to make Libero the game changer in crypto space, opening up a new era of Defi 3.0 & Fixed APY.
Stephanie (BSC.News)
Well awesome! Sounds like you guys have a great team so let's talk about the project itself
MrJ
Libero Finance is transforming DeFi with the Libero Autostaking Protocol (LAP) that delivers the industry’s highest fixed APY, compounding rewards every 30 minutes, and a simple buy-hold-earn system that grows your portfolio in your wallet fast with fixed interest of 2.04% per day or 158,893.59% a year without you having to do anything.
Libero team focused on innovation that creates benefits and value for Libero token holders. Our core mission: provide an innovative and exciting Defi 3.0 auto staking protocol backed by multichain farming, while ensuring that the platform is stable, secure and easy to navigate. In order to maintain the success and longevity of the project, LIBERO is inherently designed to reinvest as much funding as possible back into the LIBERO ecosystem by using multichain farming & transaction tax.
The Best Auto Staking + Defi 3.0 Multichain Farming Protocol, through below mechanism:
- World's Highest Fixed APY - 158,893.59%
- Automatic Staking and Compounding in Your Wallet!
- Get Rewards Every 30 Minutes / 48 Times Daily!
- Defi 3.0 Multichain Farming to support high reward
- Burning 2 - 4% supply every week.
- Rug-Proof: No minting to wallet, Audited by THOREUM & RugFreeCoins
Libero = Financial Freedom
- Libero rewards holders with 2.04% daily interest, auto-compounding every 30 minutes, making 158,893.59% APY.
Simply hold $LIBERO, then investors just wait & see their 1,000 $LIBERO become 1,588,935.90 $LIBERO in a year. Backed by 's innovative Treasury algorithm using automatic buyback & burn to support the price.
The protocol will use Defi 3.0 Multichain Farming to increase the Treasury exponentially at a rate of ~50% a year or more to better support LIBERO price floor. That's reason that we are confident that we can support 50% higher APY than all current fixed APY projects while still being sustainable.
Stephanie (BSC.News)
oh wow. thank you for all that information! I love your sticker
But let's unpack a bit as there was a lot I wanted to touch on. So first let's talk about your token
MrJ
Libero token is the token with AutoStaking protocol, plus Defi 3.0 Multichain farming to grow buyback fund, delivering exceptional benefits for its holders:
- Easy and Safe – We provide auto staking right in your wallet when you purchase $LIBERO. No need to move your tokens to our website. From the minute you buy, you are staked, and set to receive rebase rewards. The easiest auto-staking in DeFi.
- 158,893.59% APY, the highest Fixed APY on all blockchains – APYs that fluctuate means you can never tell how many tokens you will receive. Other DeFi protocols pay out a high APY that can fluctuate by 90% in a day. LAP pays $LIBERO holders a fixed interest rate of 2.04% daily or with compounding 158,893.59% annually, that tops the industry.
- Fast Rebase Rewards every 30 minutes. Other popular staking protocols pay rebasing rewards every 8 hours which means if you want to unstake you have to time it to get maximum rewards. The Libero Auto-staking Protocol pays every 30 minutes or 48 times every day, making it the fastest auto-staking protocol in crypto.
- Price floor supported by multichain farming profit: We will use the buy&sell tax to create the Libero Insurance Treasury fund and the treasury fund to multichain farming. The LIT funds are bridged to other EVM-compatible blockchains - like Avalanche, Fantom, Solana, Metis, Polygon, etc. to farm at the highest APY farms and the profit returned to the LIT fund. We aim to deliver ~50% additional returns a year or more to better support LIBERO price floor. We are confident that we can support 50% higher APY than other high APY projects while still be sustainable.
- Automatic Hyper Burn: Every week, 2 to 4% of the total circulating supply will be burned. This percentage will evolve over the days based on our Automatic Hyper Burn algorithm. The burn calculation will be updated daily according to the number of holders and the tokens held by each.
Tokenomics:
- Burn Fund: 20%. Will be used to burn 2-4% of total circulating supply every week.
- Reserve fund: Strategic partnership (Exchanges listing, KOLs, future investors...): 10%.
- Mining Incentive Fund: In case not all token is sold at presale, this fund will use all the token left for holder's mining incentive program.
- Team: 10%. Vesting 0.4% weekly (~6 months fully vested)
- Marketing:4%
- Public sale: 36%
- Liquidity: 18%.
- ITO fee: 2%.
Transaction fee:
Buy Fee: 13%
Sell Fee: 20%
Transfer Fee: 0%, until we listed on CEXs ( Gate.io, Binance, etc.). After listed tx fee will be 13%.
Any change to these number will be voted via LIBERO DAO
MrJ, [2/4/2022 11:15 PM]
Transaction fee:
Buy Fee: 13%
Sell Fee: 20%
Transfer Fee: 0%, until we listed on CEXs ( Gate.io, Binance, etc.). After listed tx fee will be 13%.
Any change to these number will be voted via LIBERO DAO
Stephanie (BSC.News)
Brilliant! APY is amazing.
MrJ
Thanks, we love it too!
Stephanie (BSC.News)
So to touch more on the ecosystem using the $LIBERO token
MrJ
It's really exciting!
The program starts with 1 billion $LIBERO reserved exclusively for the burning purpose and will increase over time. In order not to be a pump and dump program we will perform the burn operations in a linear and automatic.
With our Hyper burn program, 2-4% of total circulating supply is automatically burned every week, so LIBERO's total supply will constantly be deflating against your balance, while your balance is constantly increasing against LIBERO's total supply. This built-in mechanism creates a true supply/demand metric to the LIBERO token as it becomes ever scarcer against your balance with time.
In simple words, if you just hold LIBERO, your share of total market cap will ever-increasing. Even if market cap is not grow ( no new investor), the USD value of tokens in your wallet will still be growing. If market cap is grown by having new investors, your USD value of tokens will grow even more thank to your share/total supply increasing continuously every week.
Your share/total supply will increase 2-4% after each burning!
Stephanie (BSC.News)
That's very cool! Its an important concept for the users as well
MrJ
We are really proud of it!
MrJ
Great question!
LIBERO has 6 innovate key points that other Defi 3.0 projects and TITANO doesn’t have
1/ ~1.6x Higher APY. LIBERO delivers 158,893.59% fixed APY compared to 102,483.58% fixed APY.
2/ Multi-chain farming using LIT fund. The LIT funds are bridged to other EVM-compatible blockchains - like Avalanche, Fantom, Solana, Metis, Polygon, etc. to farm at the highest APY farms and the profit returned to the LIT fund. We aim to deliver ~50% additional returns a year or more to better support LIBERO price floor. We are confident that we can support 50% higher APY than other high APY projects while still being sustainable.
TITANO RFV fund sits in the wallet and will not grow at this speed.
3/ Automatic Hyper Burn. Every week, 2 to 4% of the total circulating supply will be burned. This percentage will evolve over the days based on our Automatic Hyper Burn algorithm. The burn calculation will be updated daily according to the number of holders and the tokens held by each.
With our Hyper burn program, 2-4% of total circulating supply is automatically burned every week, so LIBERO's total supply will constantly be deflating against your balance, while your balance is constantly increasing against LIBERO's total supply. This built-in mechanism creates a true supply/demand metric to the LIBERO token as it becomes ever scarcer against your balance with time.
In simple words, if you just hold LIBERO, your share of total market cap will be ever-increasing. Even if market cap does not grow (no new investors), the USD value of tokens in your wallet will still be growing. If market cap is raised by having new investors, your USD value of tokens will grow even more thanks to your share/total supply increasing continuously every week.
This is an innovative feature only in LIBERO, TITANO doesn’t have this feature.
4/ Rug-proof. No minting code in the contract. Unlike Titano, LIBERO dev is unable to rug by minting billions of tokens for themselves even if they want to.
5/ Fully decentralized, Auto-rebase without the need of an external wallet. Unlike Titano which uses a centralized wallet to call the rebase function from outside the contract every 30 minutes, which will bring in a disaster if that wallet is not working as intended, like losing a key, power outage, software/hardware issues, etc. In that case Titano will have no rebase reward at all or even can kill the project if that wallet is hacked and call in with a mega-number reward which inflates the token infinitely. The rebase (auto-reward) of LIBERO is coded natively in the LIBERO contract which is no need for external rebase call so it cannot be hacked and will not be affected by centralized problems.
6/ Liquidity per circulating supply ratio is higher, better protect everyone when a whale dumps. High APY projects like TITANO or LIBERO need a very big liquidity to sustain the rewards, so if anyone with a big reward wants to cash out it will not impact the price. The higher the ratio between Liquidity/Circulating supply the better the price protection when someone dumps their holdings. LIBERO is proud to say that our liquidity/Circulating supply = 1.2M/7.2M, around 1/6 while TITANO is 2.7M/56M around 1/20. So LIBERO liquidity/Circulating supply ratio is 3.5 times higher than TITANO which means the protection for everyone when a whale dumps and reduces the price is 3.5x better.
If you weren’t early to $TITANO you can be early to $LIBERO!
Stephanie (BSC.News)
Very neat! thanks for the clarification
MrJ
You are welcome
MrJ
The multichain farming is the most valuable component of LIBERO.
5% of all buy & 10% of all sales go to the LIT farming/buyback wallet. But the funds in this wallet don't just sit there.
The funds are bridged to other EVM-compatible blockchains - like Avalanche, Fantom, Solana, Metis, Polygon, etc. to farm at the highest APY farms and the profit returned to the LIT fund. So the LIT fund will grow exponentially with at least 50% additional value a year.
Because there are many new and potential blockchains, we can always find a bull market somewhere to farm, even when BTC or BNB go red.
Multi-chain farming fund stored in BUSD to make sure it can only go up in value and cannot be affected by bad market conditions, better support price floor.
You might ask : What’s the main purpose of LIT fund?
Buybacks & Burn function will use this LIT fund to support the LIBERO's price.
During a buyback, $LIBERO tokens are bought back, paired with $BNB, and "burnt" to the $LIBERO/$BNB PancakeSwap V2 liquidity pool.
This not only increases the token price, but it also increases the pair's liquidity.
There are two major accomplishments here:
First of all, you no longer need to always keep up with the latest and greatest farm across all these different blockchains. You can just buy the tokens, relax, hold, and reap the earnings via 2.04% daily reward or a compounding 158,893.59% APY and buybacks from farming rewards.
Secondly when the price falls after a sell, 10% of the sale will be invested in aggressive yield farms that will be used for a future and powerful compounded buyback.
There are two major accomplishments here:
First of all, you no longer need to always keep up with the latest and greatest farm across all these different blockchains. You can just buy the tokens, relax, hold, and reap the earnings via 2.04% daily reward or a compounding 158,893.59% APY and buybacks from farming rewards.
Secondly when the price falls after a sell, 10% of the sale will be invested in aggressive yield farms that will be used for a future and powerful compounded buyback.
Stephanie (BSC.News)
Sounds very attractive! this image is a nice summary
MrJ
Thanks
Stephanie (BSC.News)
But most importantly
MrJ
Of course this is the most important we take this matter very seriously.
🛡YOUR FUND AT LIBERO IS SAFE🛡 LIBERO is audited by
🟩Thoreum Auditing team
🟩RugFreeCoins
Stephanie (BSC.News)
Great! Last but not least
MrJ
Yes, we do have some exciting news!
1/ Just 6 days after launch, LIBERO has achieved
- Reached $20 Million marketcap
- 12K+ Holders
- Trending #4 in Top Searched Cryptocurrencies World Wide last 7D, according to CoinMarketCap
- Top 7 most viewed Cryptocurrencies World Wide, according to CoinMarketCap
- Trending #3 on Dextools
- Top 1 on Dappradar New project by Users
- Top 2 on Dappradar New project by Volume
- Libero ads is everywhere on BSCscan, on Poocoin, on Rugfreecoin in all over the world: Spain, German, USA, UK, Russia, Arab, Vietnam
2/ We've paid $20K USD for Certik audit and will onboard Certik on 23rd Feb 2022. This extra efforts shows how the team at Libero prioritizes investor's safety and long term benefits.
3/ We will have a special AMA with Lion Heart - Lead Dev of Libero.financial on Feb 7th, 2022, 14:00 UTC. As a gesture of appreciation, we'd be rewarding:
💝$100 to each question picked from Google Form (5-10 questions)
💝$1000 to the best question picked by 🦁 Lion Heart during Live AMA
4/ Plus, there will be mining pool for our true holders. You can stake LIBERO-BNB and earn LIBERO. Total reward is 70,000,000 $LIBERO (worth ~250,000 USD) in 3 weeks. Which means your daily rewards is not 2.04% but even more than that!
Stephanie (BSC.News)
How exciting! Would you be able to provide us with social media links so that our community could follow?
MrJ
Thank you for all your great questions!
Make sure to follow us on social media and join our community for the next announcements.
This has been alot of fun
I can't wait to hear from the community
Stephanie (BSC.News)
Great! Make sure that you guys go and check out Libero Financial! Their platform offers you exposure to the best projects on BSC all while rewarding you for using their innovative ecosystem !
Community Q&A
MrJ
Libero enables its holders to extensively compound their investment and returns, as the protocol auto rewards its holders with 2.04% a day with the compounding APY of 158,893.59% every 30 minutes, 48 times a day.
Seeing the size of this APY, one may wonder — how is such APY attainable?
1. The protocol will use Defi 3.0 Multichain Farming to increase the LIT exponentially at a rate of ~50% a year or more to better support LIBERO price floor.
Unlike Titano who have a static LIT fund that do not yield profit. We will use the LIT fund and the treasury fund to multichain farming. The LIT funds are bridged to other EVM-compatible blockchains - like Avalanche, Fantom, Solana, Metis, Polygon, etc. to farm at the highest APY farms and the profit returned to the LIT fund.
LIBERO seeks yield-generating opportunities across different protocols and chains. Not just stay at BSC, the money from Treasury will be bridged to Fantom, Avalanche, Ethereum or any emerging blockchains which have high profit yield farms and substantial APYs enabling Libero to deliver ~50% additional returns a year or more to better support LIBERO price floor. That's why we are confident that we can support higher APY than other projects while still sustainable.
2. Protocol-owned Liquidity
Employing the use of protocol owned liquidity (POL) in combination with the underlying mechanics of LIBERO is a key distinction that enables Libero to generate an additional revenue stream ( Pancakeswap give 0.25% each transaction for Liquidity provider) allowing it to deliver additional added value and increased APY to its token holders.
3. 13% Buy and 20% sell fees
The protocol takes a portion of the trading fees (buying and selling) and utilizes these to further sustain and back the protocol and its liquidity.
4. Additional revenue-generating streams
A lottery system will be introduced to the protocol, and more mechanism will be added as LIBERO grows and matures over time. However, the above are the core revenue-generating mechanisms that Libero resorts to from its inception.
MrJ
LIBERO = Financial Freedom:
1/ World's Highest Fixed APY 158,893.59%
2/Defi 3.0 Buyback fund grows ~50%/year from Multi-chain farming to support APY.
3/ Automatic Hyper Burn that increases investors' USD value over time
Competitive Advantage:
1. Innovative Defi 3.0 tokenomics bring High revenue stream of income (from multichain farming & buy/sell tax) to buyback & burn, raising price floor exponentially with time.
2. Thick Liquidity with highest ratio of Liquidity/Circulating Supply of all high APY tokens so price is less affected by whale dumps.
3. Strong & experienced marketing & support from Thoreum Capital to accelerate the grow.
Last modified 1yr ago