AMA about project sustainability & xLIBERO
Sneak peek about Libero V2
MrJ, [15/02/2022 5:01 PM] Afternoon everyone and welcome to the second AMA with our head developer Libero Leo. Thank you all for all your questions. We had a great time choosing the very best to help promote this awesome token.
Hope all of you are pumped for the ama we noted that after the first ama the price of the token 4x
We know you guys love to get all the up to date and current information regarding these projects which launched through the fair launch platform for thoreum.
Awesome to see so many of you guys in the chat showing love for the project as you always do.
And I think Libero Leo is here now, I know we have alot to talk about and I know that he is eager to tell you guys all about v2 for libero.
Also keen to highlight the rest of the team and the work that they have been doing
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:07:55]: hi Mr. J, hello everyone, I am very happy to be here today with the great communities of THOREUM and LIBERO
MrJ, [Feb 15, 2022 at 14:08:06]: You simply can't open a website without seeing huge adds for Libero everywhere
Hi mate and welcome welcome, thank you so much for taking time out of your busy schedule to be here. The crowd really loves you and everything you have done with the project so far.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:09:26]: Thank you, I have 1 week not to log in my account and seeing ~500 dm, LIBERO is getting hot now :)
MrJ, [Feb 15, 2022 at 14:10:12]: HAHAHA i don't know how you can stay away that long, I go offline 24 hours and everyone assumes I have died 😂
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:10:52]: Ha ha, most of my time is with the team discussing and doing a lot of works
but seeing ~3500 people online today on the AMA is awesome
MrJ, [Feb 15, 2022 at 14:11:35]: Ohh for sure, the community looks after itself, along with the awesome mods.
As always we should take a moment to thank Thoreum for that !
I'm really looking forward to hearing all the new news about Libero and getting to know more about you, the team, and plans for the future. It is all very very exciting.
We will get started with the questions from the users in just a few seconds. We had a truly amazing turn out of questions and it was awesome to see that many were true and real questions related to the project, not only those fishing for the competition rewards. An awesome indication of the type of community that the Thoreum family and now Libero is growing.
So Leo, without further hold up if you are ready we can get started with the first question?
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:15:06]: Yes, I am ready for the hardest questions :)
MrJ, [Feb 15, 2022 at 14:15:31]: Well let's get started then.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:16:48]: Thank you for choosing the first question that is easy for me :)
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:18:12]: As you know, with the help from Thoreum, marketing team is very experienced and hard working, in the last 17 days we have done many marketing campaign that a normal company have to do it in month
let's look at what the marketing achieved so far:
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:20:42]: Up to now in just 17 days since launch, we have achieved 🚀 🔸22,000 visitors to the website everyday 🔸Of the 22,000, 12,000 is the new visitors to the website —> a lot of new interest in the project 🔸 40K+ Holders 🔸 $72M MarketCap 🔸 $9M Liquidity 🔸 x13.7 presale token price with healthy bullish chart 🔸 Volume $1M+ to $5M+ daily 🔸 $3 Million USD burnt 🔸 $2.7 Million USD treasury accumulated in just 17 days
MrJ, [Feb 15, 2022 at 14:21:22]: WOW these numbers are just insane!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:22:18]: We can't have that success if the marketing team is not professional or dedicated, I would like to use this opportunity to thanks Thoreum's great marketing team
In 17 days, we Listed, Ranking & Certified
🔸 Listed on CoinMarketCap, BSCscan, DappRadar, Coinbase, Crypto.com & more to come.
🏆 28 hours on top Gainer CoinMarketCap
🏆 Top 1 Trending CoinMarketCap, Top 2 Dextools, Top 3 Crypto.com
🏆 Top 1 projects with the highest social signal on #BSC
🏆 Top 5 Most viewed on CoinMarketCap
🏆 Top 1 Holder Growth on Dapp.com
🏆 Top 1 Users & Volume New Dapp on DappRadar
🔸 Libero logo verified by Pancakeswap, Poocoin, Trust Wallet, Dextools, BscScan
MrJ, [Feb 15, 2022 at 14:23:28]: they are the best
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:23:46]:
Advertising & viral Marketing
🔸 Libero ads is everywhere on BSCscan, Poocoin, Bogged, CoinsBreak, RugFreeCoins, DappRadar… in all over the world: Spain, German, USA, UK, Russia, Arab, Vietnam…
🔸 Featured by BSCnews, BSCArmy, Dapp Center, BSCDaily, BNB Swap BSC, Crypto Bull Tony, Zach Boychuk, ProfessorAstrones
🔸 Tweeted by 25 celebs, influencers & reviewed by 65 Youtubers worldwide as x100GEMS, the Highest Fixed APY with Multi-chain farming to support token price
MrJ, [Feb 15, 2022 at 14:24:12]: We should also thank the community for these numbers, everyone taking time to share the project gets these numbers popping.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:25:05]: Yes Mr. J, and I would like to announce that just today, we just finished an EXCLUSIVE deal with Btok (a 5 millions active user per day Chinese messaging platform) signed to show CONVERSATION PAGE ADS starting within this week!
MrJ, [Feb 15, 2022 at 14:25:19]: OMG
I remember the last project from thoreum that had this similar deal, The price of the token EXPLODED due to this. Well done!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:26:36]: Oh, really, thank you! And I expect more Big marketing push coming, our marketing team seems to work without rest :)
MrJ, [Feb 15, 2022 at 14:26:58 (Feb 15, 2022 at 14:27:11)]: I'm also correct to say that though all this has been spent. we have barely begun to touch the advertising budget ?
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:28:15]: yes, we have the Treasury fund to support marketing, I just checked, there's still 955,656.95 USD there after our big spending!
MrJ, [Feb 15, 2022 at 14:28:34 (Feb 15, 2022 at 14:30:57)]:
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:31:55]: Our strategy is to make the whales see that dumping is bad for themself, and make more incentive for them to cash out their profit gradually
MrJ, [Feb 15, 2022 at 14:32:34]: I really think this is such an important aspect of the project.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:34:13]: One of the strategies that is effective until now is a good tax structure that LIBERO currently has. Normally in other projects, the motivation behind a whale dump is to make a price crash and they will buy back later with a cheaper price and repeat that. But in LIBERO, they cannot do this easily. The total buy+sell tax is currently 33% so if they make a dip less than 35% they can't even have profit by doing so.
We still have room to increase the sell tax if needed, currently it's 20% and we think when time going forward, whale getting bigger, we can increase this tax to between 20-25%
MrJ, [Feb 15, 2022 at 14:35:11]: This is so true, even for Whales the best strategy is to pull out their rewards slowly overtime to help maintain the value of the tokens.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:36:19]: Yes, you are right, we have introduced "3 steps to financial freedom" and many people already follow it according to our data.
MrJ, [Feb 15, 2022 at 14:36:49]: Why bother trying to crash the value of the token to rebuy when the APR is so amazing, you lose that apr everyday you are out of the project.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:37:33]: Indeed, so the second strategy is not anti-whale but to make everyone, including whales aware that LIBERO is their golden goose and don't want to kill it, or even want to protect it.
MrJ, [Feb 15, 2022 at 14:38:16]: YES I really LOVE this concept. Many users are asking for the 3 steps to be included as a feature of v2, an automatic withdrawal of 1% every day after 14 days. Do you think a process like this could be possible?
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:39:08]: How to make LIBERO a golden goose for everyone? If they see their assets growing everyday while they still can gradually take out their capital, and the price is not crashing, they will be confident to keep their LIBERO holdings, no one wants to kill their golden goose . Take Mr. John for example
MrJ: MR JOHN IS THE BOSS!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:41:01 (Feb 15, 2022 at 14:41:24)]: As you know Mr. John is an early holder and quite famous in LIBERO community because we can see his real-time holding tweeted everyday. I think he got about $250K LIBERO now, so he is definitely is a whale. So his "goose" is about $250K USD big.
MrJ, [Feb 15, 2022 at 14:41:55]: That's a very heavy goose!
Thanksgiving at the MR JOHN house this year is going to be amazing!\
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:42:36]: And he is cashing out at the rate of 1% a day , so his "egg" is about $2,000 USD/day after tax. Even after cashing out the "egg", his goose still becomes fatter everyday because LIBERO still gives him another 1.04% a day and this 1.04% continues to compound and make his LIBERO goose holding bigger, which means the 1% egg is also bigger everyday.
ha ha, indeed
MrJ, [Feb 15, 2022 at 14:43:36]: This is the point, you get gifted 2% per day and you cash out 1% so you have some profit daily AND your holdings increase. AMAZING!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:44:06]: Because we have a thick liquidity, so the price does not lower much even if everyone cash out 1% of their holding. So everyday when he is cashing out, his assets are still going higher, and he is more convinced that LIBERO will be his golden goose. Why should he sell all his bags and kill his golden goose, instead of making his goose fatter and fatter and his egg bigger and bigger everyday by following my "3 steps to financial freedom"?
MrJ, [Feb 15, 2022 at 14:44:08]: But after 2 weeks, that's the advice!
AND with each small sale, those taxes go to make the project stronger long term!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:46:06]: You are right, the link to the 3 steps is here https://libero.financial/steps?lang=en. So the point is if the more someone follows my 3 steps, the more he will realize that LIBERO is their golden goose, less reason to sell and he will tell it to other people.
And by viral marketing, more people join, the game will continue for a long time.
MrJ, [Feb 15, 2022 at 14:47:06]: I love this strategy! It's so easy to follow.
Doesn’t require watching token price!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:47:32]: This is a picture that envelope everything in LIBERO's 3 steps to financial freedom strategy
MrJ, [Feb 15, 2022 at 14:47:32]: Can rest easy every night!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:48:14]: Yes, and we have added a "Cash out 1%" button in the dashboard so everyone can do it easily everyday.
MrJ, [Feb 15, 2022 at 14:48:26]: NO WAY!!!!!!!
Community is going to LOVE THAT!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:49:36]: ha ha, I love to see LIBERO's holders click it everyday and gradually realize that they already have a golden goose that lays eggs everyday to bring them financial freedom!
MrJ, [Feb 15, 2022 at 14:50:55]: I know for those who have an account for each family member having this will speed up their daily transactions.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:51:37]: done
Yes, I am happy to know that 1 click everyday brings you financial freedom !
MrJ, [Feb 15, 2022 at 14:52:39]: I even heard about people throwing a few dollars in accounts as gifts for people. It doesn't cost much to set up an account with a few Libero in it. The idea is if they aren't crypto savvy they will accidentally leave it a year to come back and find out they are millionaires.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:53:57]: Yes, it's so easy. I hope many more and more people will follow this 3 steps strategy and we will have LIBERO millionaires like SHIBA's soon
What if I don't sell 1% after fourteen days, will I be at a loss?
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 14:58:51]: There will be no problem if you hold and not cash out 1% everyday, the current system already supports that! Take a look at Titano, they don't have this strategy and don't encourage their holders to follow this 3 step strategy, and are still standing for 3 months. So you don't have to concern about this strategy if you don't like it. But let me share with you my experience
MrJ, [Feb 15, 2022 at 15:00:06]: That's a really good point.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:00:26]: The longer you hold, the bigger your assets will grow. Still, we recommend selling 1% after 14 days with a reason. The more you hold and not cash out, as you have not reached break even with your initial capital, the weaker emotionally you would be, and therefore the easier you would be manipulated by whales. How?
When whales try to manipulate the price, they will do a serial dumps, and after seeing this, people with weak emotions will be more easily affected, because you are not break even yet, so the fear of losing everything will grow "what if the price goes lower and lower". That fear will trigger your panic sell, even though it causes you loss.
But if you follow LIBERO's 3 steps strategy. Once you have reached break even, you'd be strong emotionally, and less likely to be manipulated by whale's actions. If whales sell and you don't panic sell after that, it would be the whales who make losses, not you, because of the 35%++ tax system they'd have to buy back at a higher price than what they got for selling.
MrJ, [Feb 15, 2022 at 15:03:23]: I know that HODLING long term is the best strategy but you are correct it just isn't human nature, this strategy is perfect it allows you to cash out a little, grow your holding, and protect the project long term. It really is win win win.
Even whales should love it!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:04:51 (Feb 15, 2022 at 15:05:23)]: Yes Mr. J, even whales will love it. Besides, if you do this at some point you won't be concerned about price or looking at the chart every hour anymore, since even if price stays the same or goes lower your LIBERO still x2 after 35 days, why do you bother if you already take your initial back.
MrJ, [Feb 15, 2022 at 15:05:40]: Yeah once I have out my initials in my hand everything else is cream on top. Ride Libero to the MOON!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:09:27]: To answer this you need to understand the rebase mechanism. If no one buys & sells, while you gain 2,04% daily, the price will go down 2,04% daily because more tokens are in the market. So your total value in USD is not increased even if your token is increased. So if you have billions of tokens and the price goes down at the same rate, you cannot have more USD value.
So without buy & sell and new holders, the system is stay the same, what matter is not the number of token you hold, but the increase of LIBERO market cap and your percentage of this marketcap
what you should look at is : 1. Your share/market cap 2. LIBERO's market cap
MrJ, [Feb 15, 2022 at 15:11:08]: I think that this is such an important question, also for those getting into the project today and weren't with us from the start. Those joining today are on exactly the same train track, yes they are a few stops back but everyone can reach the same goal.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:11:32]: If LIBERO market cap grow, and your share/market cap is stay the same, your USD value still growing at the same rate as market cap grow, regardless of how many billions dollar you hold
MrJ, [Feb 15, 2022 at 15:12:25]: The burn also really affects the value of the tokens you are holding as they are always safe but the percentage of the total tokens in circulation you hold increases.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:12:37]: We have a very innovative solution to increase your shares/market cap: the Automatic Hyper Burn. So even if you don't buy more, every week the burn happens and your shares/market cap still increase.
yes, you are right Mr. J
MrJ, [Feb 15, 2022 at 15:13:15]: HAHAHA i'm sorry this is your ama, i just get so excited by this project I can't help myself.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:13:43]: Even if many people will buy more, but your share is not decrease if you don't sell, because your number of tokens is growing at the same rate at total supply, 2.04% a day
ha ha, no, thank you to confirm my answer
MrJ, [Feb 15, 2022 at 15:14:33]: It proves that this is a great project as even I can understand it in it's simplicity!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:15:33 (Feb 15, 2022 at 15:20:10)]: So the conclusion is, if you just hold , your token will grow 2.04% a day, and your shares/market cap will increase by the speed power of burning, so if price does not increase your USD value is still going up.
If the market cap is increased, and because your shares/market cap still increasing, your USD value will grow even further
MrJ, [Feb 15, 2022 at 15:16:58]: There is also the human factor, few will be able to hold 100% through all that growth, people will cash out and take profit. So there will be few that have the diamond hand nature to hold to that point.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:17:28 (Feb 15, 2022 at 15:19:33)]: So because our Automatic Hyper Burn already helped you, you don't have to worry about your shares/market cap being diluted like in other projects that don't have this mechanism. You just have to look at LIBERO's market cap growth.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:19:09]: And thanks to our quick growth recently, our market cap is already x10 compared to 17 days ago, and I see it still accelerating. and with all the innovative products in development, I see that 1 billion market cap is able to be reached, not for long.
MrJ, [Feb 15, 2022 at 15:19:51]: 1 billion market cap incoming, you heard it here first!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:20:52 (Feb 15, 2022 at 15:23:15)]: Yes, we come from 5 million at start to 74.4 millions USD mcap now, amazing!
MrJ, [Feb 15, 2022 at 15:21:41]: You are correct it is only 1 order of magnitude larger. So we just need to do the same again!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:22:12]: Done
MrJ, [Feb 15, 2022 at 15:22:43 (Feb 15, 2022 at 15:23:04)]: And with this community, Thoreum, the advertising, partnerships and still so much to announce there is no plans to slow down any time soon.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:23:48]: Sure, when I see 12K new users going to our website everyday, I know that a lot more will come for us.
MrJ, [Feb 15, 2022 at 15:24:45]: I know many of our users know projects that come from Thoreum always keep a few surprises in the back pocket and don't even announce them on the white paper. They really know how to keep the hype train moving.
The simple nature of this coin is really the strongest point and I hope each of you are going out to your crypto communities and telling them BUY-HOLD-EARN it really is that simple.
Then you can start to talk about strategies and how best to implement them.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:26:49]: Yes, Thoreum's holders are famous for their diamond hand, and most of them are profited a lot, I love to have them here and supporting LIBERO to bring financial freedom to our holders
MrJ, [Feb 15, 2022 at 15:27:02]: So True
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:29:17]: Yes, I know that many holders a curious about v2, and why it roll out so fast, let me make it clear that v2 is not a replacement of v1, our project is doing well in every measure, all the mechanism is working fine, such as
MrJ, [Feb 15, 2022 at 15:29:43 (Feb 15, 2022 at 15:29:54)]: That is reassuring to hear!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:30:55]: auto hyper burn, burned ~3 millions USD, tax system which prevent a lot of pump & dump, multi-chain farming with getting 100%++ APY
so we will not change that, but we will adding to that
MrJ, [Feb 15, 2022 at 15:31:30]: hmmmmm interesting! What sort of things?
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:31:52]: So the v2 come with several points:
- 1.We will Introduce LIBERO v2 in the next few weeks, officially named xLIBERO.
- 2.People still keep their LIBERO as they want and receive 2.04% daily rewards compounded to over 158,000.00% APY as normal.
MrJ, [Feb 15, 2022 at 15:32:14]: xLibero is a cool name
i want it on a shirt before the end of 2022
But apart from the cool new name, what features can we expect from XLibero
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:34:23]:
3. People who like passive income in BUSD will lock their LIBERO from 2 weeks to 2 years to receive xLIBERO, the longer you lock the bigger the number of xLIBERO you receive. You can switch your xLIBERO back to LIBERO after the lock timer finishes. 4. Holders of xLIBERO showed their faith in the system (by locking their LIBERO for a long time) so they will be shared revenue with the whole LIBERO ecosystem. For example, holders of xLIBERO will be rewarded with BUSD from trading volume, and also 0.5% to 1.5% percentage of LIBERO per day depending on the revenue of the system.
MrJ, [Feb 15, 2022 at 15:35:08]: NO WAY! THAT IS INSANE!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:35:38]: Ha ha, yes, this one is very innovative, no rebase token has it yet.
MrJ, [Feb 15, 2022 at 15:36:08]: Do you like your cake and you get to eat it and you get MORE CAKE later also!!!!!!
DUDE I gotta get LIbero now! When this word gets out! FORGET IT!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:36:51]: Right! and because our volume is very high, about 1.5M to 5M USD a day, we expect that we can taxing the whale about 4-6% more (transaction tax) and transfer that tax to the xLIBERO holders
MrJ, [Feb 15, 2022 at 15:37:24]: As appreciation for locking away their tokens! I see.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:37:35]: So it means: the one who sells gives money to the one who stays. and the one who stay longer get the bigger benefit
MrJ, [Feb 15, 2022 at 15:38:09]: Like a supercharged vault!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:38:34]: 5. Furthermore holder of xLIBERO can participate in LIBERO future governance by voting with their xLIBERO holdings, 1 xLIBERO = 1 vote, For such decision as: raising/lowering tax, big farming/investing decision, percentage of LIBERO rewards to a new product, etc.
MrJ, [Feb 15, 2022 at 15:39:53]: AMAZING, I know we will all be super excited to hear more about XLibero in the coming days, but thank you for that exclusive sneak peak for our dedicated listeners.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:40:24]: Yes, we will constantly bring the newest Defi invention to LIBERO ecosystem, this is the first one
MrJ, [Feb 15, 2022 at 15:41:00]: Especially here at Thoreum the users LOVE looooong term projects and it sounds like locking away your Libero is going to suit them to the ground!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:41:22]: Great to hear that mr J
MrJ, [Feb 15, 2022 at 15:42:07]: As a holder of Libero though does this mean that Libero itself will get abandoned.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:43:59]: Of course not, xLIBERO will not replace LIBERO. If you want passive income then you lock LIBERO to get xLIBERO, you get more BUSD but less LIBERO per day. If you like just LIBERO you keep your LIBERO. As my estimation holders will do both, part in LIBERO and part locked in xLIBERO for few weeks or even months or years
Then come to the next question, how will xLIBERO help the LIBERO ecosystem
MrJ, [Feb 15, 2022 at 15:44:50 (Feb 15, 2022 at 15:45:04)]: yes diversification I think will be key
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:46:13]: Ok, then how does xLIBERO help the LIBERO system?
- 1.LIBERO officially become an effective passive income system: rewards paid in both BUSD and LIBERO, so even price of LIBERO go down, if the volume is normal your rewards in BUSD is still going up day by day, and at some day you will be break even and profit without selling any LIBERO!
the market for passive income is very big, people will consider putting money on the bank for few percent per year or put their money in xLIBERO bank
MrJ, [Feb 15, 2022 at 15:47:23]: It's really interesting that we will be able to get a pay out in a non native token. I know this will get people very excited.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:47:26]: that's billions dollars market, we will extend our holders and market cap very fast
So xLIBERO will not replace LIBERO but expand it to passive income holders
MrJ, [Feb 15, 2022 at 15:48:48]: Again both projects support each other, giving different choices to people depending on their short and long term goals.
I mean.... It's Genius really!
Even whales will love it and flock at the opportunity, especially those that feel they 'missed' Libero!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:51:12]: Yes, I think it will happen like this: People will do half/half. One for offense and one for defense:
MrJ, [Feb 15, 2022 at 15:51:50]: I think again it will really cater to the HUMAN nature of wanting to cash out... and also to hold for the long term.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:52:09]: You will use half of your LIBERO to get passive income by locking half of your LIBERO to get xLIBERO. By holding xLIBERO day by day, you get BUSD as passive income and still have some percentage (0.5% to 1.5%) LIBERO per day.
MrJ, [Feb 15, 2022 at 15:53:01]: Really reassuring to hear xLibero is an added feature to the already wildly popular Libero token.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:53:02]: The other half of your LIBERO you will keep in pocket, to get 2.04% per day compound to 158,000% per year. And get the benefit of price increase and you can cash out at any time.
MrJ, [Feb 15, 2022 at 15:53:20]: AMAZING
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:53:48]: It's just my guess, let's see how many percents of LIBERO will be locked to xLIBERO, remember people can still unlock and get back LIBERO when the lock timer ends.
MrJ, [Feb 15, 2022 at 15:54:00]: and safu?
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:54:13]: yes!
At some point your BUSD will outgrow your initial investment
MrJ, [Feb 15, 2022 at 15:54:52]: But if it worked the first time, why cash out. Reinvesting or at least moving funds into a longer term strategy is always a great opportunity!
Yes, the strongest point of including non native tokens into the project!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:55:37]: So the 2 point is: xLIBERO will help LIBERO system attract more passive income holders ( which is huge). Currently our volume is at 1.5 to 5M USD per day, and can make a Treasury fund of ~1 Millions in just 17 days using 5% transaction tax. So if we get 4% tax to reward xLIBERO holders, I believe our passive income will be very attractive.
you are right, it is the 3rd point: People have more reason to buy, more reason to hold, less reason to sell. Imagine that 50% LIBERO will be locked, it reduces selling pressure, because part of the rewards is in BUSD part in LIBERO, less LIBERO is being given out everyday.
MrJ, [Feb 15, 2022 at 15:56:40]: For sure, and the fact that so much of the project is simply automated and passive will really appeal to long term investors.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 15:58:02]: Yes, I think it will really be a break-through, this never happens in the Defi world of any high APY project such as Ohm or Titano, you have high APY plus great passive income in BUSD.
MrJ, [Feb 15, 2022 at 15:59:05 (Feb 15, 2022 at 16:01:26)]: I know people will be relieved that V2 is all about added features, and flexibility, after what happened with Titano I know there were many rumors that v2 was a security patch.
I think we have time for one more question then we will be opening up the chat for you guys to ask your questions live for Libero Leo so get your questions at the ready.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:01:43]: Oh, we don't have the security problems that Titano has, you can see it in the audit, we will focus our energy on growing the new features to make LIBERO a billions market cap token.
MrJ, [Feb 15, 2022 at 16:02:23]: YES here you guys have it straight from the source.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:03:55]: In our last AMA, I already said that even LIBERO v1 is more sustainable than Titano, but at that time it's all in theory. But the last 10 days we have data that prove all of my points.
MrJ, [Feb 15, 2022 at 16:05:17]: It's great when data proves a theory!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:05:25]: A. We are better at whale dump:
- 1.Titano don't have any anti-whale mechanism, so they have to block whales and lose all the whale's trust. We still have room to raise the sales tax to 25% and we can lower the selling limit to prevent a big whale dump when the market needs it.
- 2.We have bigger liquidity/market cap to protect prices better. Even after 16 days our liquidity is now already bigger than Titano in 90 days while their market cap is higher than us. That means if the same whale with the same amount of USD dumped on the market our price goes down less than Titano.
MrJ, [Feb 15, 2022 at 16:08:07]: WOW that little bite of info is like a warm reassuring hug
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:09:36 (Feb 15, 2022 at 16:11:04)]: 3. We have a Libero Insurance Treasury fund protected by stable coin, while Titano only has the fund in BNB, if the market goes down, Titano with BNB will go down and have less fund to protect the price or buyback and burn. While our LIT value in USD can only go up.
MrJ, [Feb 15, 2022 at 16:10:07]: Yes, in this case stable coins would be much better, you are right!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:10:39]: 4. We already accumulated ~3 millions in Treasury & LIT funds in just 16 days compared to their ~10 millions in 90 days. And not accumulating faster, LIBERO will grow our LIT buyback & burn fund faster by multichain farming with ~100% profit a year. Titano funds just sit still and make no added value.
As you can see we do not choose to go their path of implementing the P.L.A.Y lottery system, why?
MrJ, [Feb 15, 2022 at 16:12:07]: And all the Thoreum projects know how to farm right, to get the best returns for the long term, having this working behind the scenes is a huge asset.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:13:45 (Feb 15, 2022 at 16:14:19)]: yes you are right to the point mr. J, I think eventually Titano will realize that they are lagging behind and may copy our ideas such as multichain farming. But they need highly skilled multichain farming experts to do it, while we already have MVC & Thoreum experts in advisory boards, they have already proven success such as x2 their farming fund in just 3 weeks.
MrJ, [Feb 15, 2022 at 16:14:41]: Even partnership with Epic Hero this week I see, rewards from dungeons being paid out in Libero is awesome to see the entire ecosystem working together.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:14:47]: Ok continue to the reason we are not follow Titano's play but implement our break-through xLIBERO:
The PLAY idea is you giving your token with less interest rate than normal in exchange for a chance of lottery to get like 20K USD a week, for just 10 people with the highest probability.
MrJ, [Feb 15, 2022 at 16:17:01]: This was always a thorn in the side, even from the LAMBO draw for thoreum we proved our users don't like 1 person to win and everyone else to lose. Everyone wins together is a much better strategy!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:17:05 (Feb 15, 2022 at 16:28:12)]: This system is not effective because 1. The prize tends to come to the whales who stake more and have more lottery tickets than others, with the cost of the normal users with lower holdings.
your are right
- 1.The PLAY system cannot reduce inflation because while most players don't have interest or have low interest, the number of tokens printed is not reduced, they just change hands and given to whales, they will dump it for sure.
MrJ, [Feb 15, 2022 at 16:20:01]: Yeah even if a salmon gets a win and it is a life altering amount for sure they will sell and that just dumps the value of the token, and for what?
After this question guys we will be opening up the floor for your live questions so have them at the ready for Libero Leo!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:21:38]: Yes the system is ineffective, I think Titano will find out after few months less and less people will participate after realizing that they never have a chance and their interest rate is used to give to big players to have whale dumps
That's the 2 main reason we see that PLAY is not effective, we have to have our own invention, and it's xLIBERO
You can see that xLIBERO help reduce the number of LIBERO token given out, because people receive BUSD instead of LIBERO
so we will have less LIBERO selling pressure , and more buying pressure because people now have BUSD, some people will use it to buy more LIBERO
MrJ, [Feb 15, 2022 at 16:23:45]: That's true. I love how we have kept the aspects that work and that we like and replaced with hardcore farming that thoreum is known for the parts that we dont like.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:24:49]: Besides that xLIBERO make more revenue streams for holders --> people have more reason to hold, less reason to sell --> price is stable and going up —> more people profited from the system --> market viral fast --> more people to join --> platform expand, volume higher --> more BUSD profit stream --> more reason to buy --> If a whale sell off many other whales/people will take the opportunity to load up.
Because xLIBERO is distributed BUSD equally, not a given few have big bag like PLAY, so all people will be profited
I think xLIBERO will help LIBERO a lot! Let's see
MrJ, [Feb 15, 2022 at 16:26:12]: YES and that is great for the whole community!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:26:27]: done
MrJ, [Feb 15, 2022 at 16:26:28]: I don't doubt it for 1 second.
Well that was really exciting, great to get a sneak peak into xLibero and a recap of what we have achieved in the last 17 days.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:27:28]: thank you
MrJ, [Feb 15, 2022 at 16:27:34]: I'm going to open the chat in a few seconds so please get your questions ready.
[Users are sending questions - Total asked 397 questions]
MrJ, [Feb 15, 2022 at 16:29:16]: YIKES
You guys are crazy!
Please give Leo a little time to go through your questions. I can see that we already have a few awesome ones that he will want to be jumping on.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:31:06]: Yes, please give me few minutes
MrJ, [Feb 15, 2022 at 16:32:29 (Feb 15, 2022 at 16:35:52)]: While we wait for him i would love everyone to take a min and visit our new youtube chanel https://www.youtube.com/channel/UCkuCIjs-w5EpMlb9WGB4Lug
Go there now, subscribe
We are going to be posting lots and lots of videos you are not going to want to miss out
How to's, upcoming, ama's etc etc
If you are loving Libero you know you're going to love xLibero!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:35:04]: Ok, this is the first question I chose to answer:
MrJ, [Feb 15, 2022 at 16:35:16]: Both these projects are from the fair launch platform of Thoreum who we have to give a shout out to today for allowing us this awesome platform to announce our sneak peak.
What makes you feel confident about the survival & sustainable success of Your project in the near future?
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:36:14]: Yes, Thoreum is perfect, the last 3 ITO of THOREUM Platform are amazing, always x7 to x15 with sustainable tokenomics
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:38:02]: Before answering this question, I think I have to thank Titano for their innovative auto-rebase idea and a proven track record of success in the last 3 months. It makes me more confident to build LIBERO with more innovative and sustainable features.
MrJ, [Feb 15, 2022 at 16:39:11]: Yes, knowing where you come from and standing on their shoulders is important.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:39:18]: I have to compare Titano with Libero a lot to make our holders see my points, but I respect them. You can see that we do not encourage talking bad about Titano on our LIBERO chat.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:40:35]: Continuing with the question, what makes me confident about the survival & sustainability of LIBERO in the near future?
As you can see, compared to TITANO which still exists for 3 months. LIBERO is not less, and we we have more reasons to stand longer:
- 1.With Multichain farming, Treasury & LIT buyback funds are growing faster. In just 17 days we got to ~3 Millions USD fund while they got ~10 Millions in 3 months --> our buyback & burn fund will be bigger than them in the next 3 months with this growth rate.
MrJ, [Feb 15, 2022 at 16:42:48]: Yes I think the roadmap and the tokenomics have been explained and they are sound.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:42:55]: 2. LIBERO has thicker liquidity, in just 17 days our current liquidity is 9.2 millions USD already bigger than TITANO 90 days at 8.9 million USD --> LIBERO will have better price protection when whales dump, giving people more conviction to hold and just cash out profit.
- 1.LIBERO burns faster, we burned ~3 million USD in 17 days compared to their ~11 millions in 90 days --> our burn is 1.5x faster --> LIBERO gives more value to holders because their share/market cap grows faster.
- 2.Holders is catching up, we are at 40K holders after 15 days they are 42K after 90 days --> LIBERO brand awareness growing faster, also mean that more holders to come and buy —> make a bigger and bigger liquidity —> to support the price longer
- 3.After a failed PLAY system, TITANO have no mechanism to reduce selling pressure, while in just 15 days we are introducing LIBERO v2, officially named xLIBERO, with profit sharing in BUSD from the LIBERO ecosystem —> more reason to hold, less selling pressure.
- 4.Titano moves slower, after 3 months besides PLAY they have no new feature. We innovate faster, introducing xLIBERO in 2 weeks, after xLIBERO, xLIBERO NFT & new Farm are already planned.
So even Titano can exist for 3 months, I am confident we will stand much stronger and longer in near and mid term
MrJ, [Feb 15, 2022 at 16:47:23]: Xlibero NFT?
Another sneak peek?
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:47:36]: Oh, Yes you can call it v3 :)
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:47:49]: But I think for another AMA bro
MrJ, [Feb 15, 2022 at 16:48:09]: Already my hype is overloaded i can not HANDLE MORE
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:48:17]: Ha ha
MrJ, [Feb 15, 2022 at 16:48:33]: WoW what an in depth answer. I think the user will be very happy with that deep dive and come away reassured about the long term plans for Libero and xLibero in the future.
As I said earlier these guys always have something working in the background. Something big up their sleeves.
To keep you guys coming back for more. Well Leo please choose a second question, i know it's hard as there are so many good ones.
For those joining in now!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:50:15]: Yes please be patient with me
MrJ, [Feb 15, 2022 at 16:50:21]: Libero V2 Confirmed as XLibero
These 2 tokens will run together not as a replacement
Between the tokenomics of these 2 tokens you are going to have .....
Short term investments
Long term investments
Super charged vaults
That give non native tokens (BUSD)
Huge advertising ongoing
2. Is this the final complete version of Libero? Will we have any major changes in the future? It is believed that most projects will not be able to exist in the long run. That may be true. What lessons have you learned from your experience or when evaluating other projects in this industry? @lionheart1979
MrJ, [Feb 15, 2022 at 16:52:36]: And finalized package with Btok just announced
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:52:43]: That's the last question
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:53:25]: a long question but most is answered in the first question so I will answer the part 2 of it
MrJ, [Feb 15, 2022 at 16:53:39]: yes i think it is an important one
please take your time
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:55:04]:
- 1.Could you please explain what will be the main difference between Libero 1.0 and Libero 2.0 and how it will positively affect the Libero users? —> Answered above.
- 2.Is this the final complete version of Libero? Will we have any major changes in the future? It is believed that most projects will not be able to exist in the long run. That may be true. What lessons have you learned from your experience or when evaluating other projects in this industry?
We evaluate a lot of projects, I think > 300 Defi projects before coming to this idea: LIBERO = Auto Staking + Defi 3.0 multi chain farming + Automatic Hyper Burn. And Libero was born 17 days ago
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:57:11]: We started LIBERO as a simple to understand for the mass yet effective in tokenomics & execution to keep the sustainability and make others is hard to follow.
We have some initial success as I mentioned above, but I think the key to success is "NON-STOP INNOVATION"
MrJ, [Feb 15, 2022 at 16:57:58]: Many people have really appreciated the simple tokenomics.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 16:59:52]: We will focus on continue to bring newest and most sustainable Defi ideas to LIBERO's ecosystem at the speed that other cannot follow
MrJ, [Feb 15, 2022 at 17:00:15]: I have no doubt in that ability.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:00:23]: Even if it is very complicated, but on the surface we will bring a very simple concept so everyone can join and benefit
MrJ, [Feb 15, 2022 at 17:00:45]: Who brings out a v2 of their platform in such a short amount of time? NOBODY that's who 😂
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:02:34]: The motivation behind is I want to create products that can bring financial freedom, yet are simple to use for everyone. We all know that nothing can last, but we will try to make our projects last as long as possible, and benefit as many people as possible.
MrJ, [Feb 15, 2022 at 17:03:28]: Well with constant innovation, adaptation and integration projects can continue to evolve over a very long time frame.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:03:51]: Thank you, so the first phase of LIBERO from 1 to 6 months is to expand the community as big as possible, 1 millions holders is targeted.
MrJ, [Feb 15, 2022 at 17:04:07]: That would be amazing!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:04:20]: And I want to make them rich, because I think a rich community is a happy and ready community
MrJ, [Feb 15, 2022 at 17:04:44]: I am sure the community will be very happy to hear that!
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:05:44]: After phase 1, if that happen I think we also need a lot of luck & blessing, we will roll out new products and especially partners with Thoreum ecosystem to grow LIBERO to a complete passive income ecosystem, with mobile apps, wallets, Dexs, NFT for example
MrJ, [Feb 15, 2022 at 17:06:34]: The fact that you guys are already thinking 10 steps ahead should be reassuring to holders.
I know it is for me
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:06:50]: We have no definite roadmap in mind, who know what future can bring, but we are open to change and innovation
MrJ, [Feb 15, 2022 at 17:07:07]: We have already seen big changes.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:09:28]: We can complete this with the support of Thoreum and their trusted ecosystem. I like the people in Thoreum, they have a work ethic that I admire, and are very proactive. Thoreum has already gained trust from hundreds of thousands users by refunding millions of Dollars lost in their farm using their own pocket.
MrJ, [Feb 15, 2022 at 17:10:31]: Yes we are really excited to see that refund roll out and fulfill the legacy established all those months ago by Thoreum.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:11:22 (Feb 15, 2022 at 17:11:38)]: Yes, they are going to compensate people who were harmed in their previous projects like Garuda & goCerberus, even though the hack is not their fault. We LIBERO are committed to the same level of working ethics.
MrJ, [Feb 15, 2022 at 17:12:11]: I think all the projects launched by Thoreum have similar ethics and morals and that is what has allowed the community to grow to such an awesome presence in the defi space.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:13:07]: So, thank you Thoreum, with your support and our strategic partnership, I am very confident that what we do will change lives, and I wish we are all blessed to have financial freedom, not long from now.
That's good for now, thank you Liberators & Thoreons for watching this 3 hours AMA.
MrJ, [Feb 15, 2022 at 17:13:59]: Well with Libero and X Libero i think we will all be taking a big step in that direction.
Wow, has it been 3 Hours? It has flown past!
Far too much exciting news from Libero and thank you so much Libero Leo for joining us today.
Thank you for all the sneak peeks.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:14:56]: I have to thank you mr.J, I know you contributed a lot to Thoreum's projects
MrJ, [Feb 15, 2022 at 17:15:03]: And answering some frankly very tough questions.
With this community it's SUPER EASY but thank you I really appreciate it.
Libero Leo 🗽🗽🗽, [Feb 15, 2022 at 17:15:42]: I will come back to work, Thank you and have a good day everyone, bye for now
MrJ, [Feb 15, 2022 at 17:15:51]: Thank again
Everyone check them out
Awesome team and great community.
Thank you all for hanging in. We really appreciate all the great questions and we will be back again with more awesome AMAs very shortly.
I'll open the chat up now.