AMA focus on Libera Miner
BERLIN(sigma male), [Jun 8, 2022 at 10:01:12]: Hello, and We welcome you all to this AMA that covers the future development of the LIBERO ecosystem. As you all know, LEO is the leading DEV of libero.financial. Hey LEO Its been a great pleasure for me to welcome you here, I hope you are good today We know as a DEV you don't even have time to look at the clock😊
Libero Leo 🗽🗽🗽, [Jun 8, 2022 at 10:05:18]: Good morning!
Nice to meet you again, I am very happy today to talk about our newest innovation: Libera Miner
BERLIN(sigma male), [Jun 8, 2022 at 10:06:02]: A very good morning how's you day I know as a dev you barely get any spare time
Libero Leo 🗽🗽🗽, [Jun 8, 2022 at 10:06:49]: yes we are so busy in the last month , you see market is so red, and we have to speed up everything to keep things continue to move on
BERLIN(sigma male), [Jun 8, 2022 at 10:07:59]: Yes its a night mare for many paperhands shall we begin with the questions?
Libero Leo 🗽🗽🗽, [Jun 8, 2022 at 10:08:55]: sure, I am ready
BERLIN(sigma male), [Jun 8, 2022 at 10:09:04]: Here is the first question:
Libero Leo 🗽🗽🗽, [Jun 8, 2022 at 10:12:46]: more than 1 month a go we see that the crypto market is about to enter a bear stage. We know that in bull market people will buy tokens but in bear market people will not because of fear. And Libero is an inflationary token, giving less reason for people to buy. That's why we invented Libera as a way to keep the system alive.
and not only survive, it will provide use cases for Libero to continue to grow
Libera came to light as a limited supply & hyper deflationary token, with highest burn speed in the whole crypto market: 25% per sell. The beauty of Libera is that, regardless of what they do, the more people engage with Libera, the more Libero is burned or locked.
As Crypto Addict said in the telegram chat "- When someone buys Libera, they buy Libero. When they lock Libera, they lock Libero, and when they sell Libera, they sell and burn a ton of Libero"
It is clear evidence that the biggest Libero holder now is Libera wallet of wrapping/zapping Libero (https://bscscan.com/address/0xd01c6969c7dc0b086f118ba3b4d926da73aca2c7), accounting for 22% total Libero circulating supply. If we don't have Libera, these tokens will be sold in the market & Libero price will be just 40% of current price.
As you can see in this picture, if people is not wrap/zap to Libera and sell all the 10 billions in that contract, the price will immediately reduce 56.9%
In bear market, investors have no motivation to invest in inflationary tokens, and are more inclined to sell. If all of them sell, Libero’s price would be reduced to only one third of current price. Thanks to Libera, Libero’s price could be at its current level.
And not only keeping the price decline relatively slowing down, Libera has another important mission: to help the holders who stay can still continue to make profit.
That's about Libera Miner, the most advanced miner now in the crypto space. We learned and implemented the best practices from successful miner like emp money, drip garden, baked bean and added our enhanced mechanism.
If Libero holders wrap to Libera or zap to Libera-BUSD and participate in the Libera Miner, they will surely make a good profit!
While other ecosystems surrendered and introduced nothing new, we created Libera in the 1 month, and locked 22% of total circulating supply and saved the system from 56% price loss.
Currently about 20% of Libero supply is still in circulation, LIBERA have locked about 17.76% of Libero total supply, so if this trend continues, circulating Libero supply will dry out. If this trend of locking (wrapping or zapping Libero means locking Libero into the Libera system) continues, the lock value can be doubled, then there will be almost no $Libero circulating anymore.
In numbers, if we can double the lock, there will be only around 2.3% Libero circulating supply left, so the price will definitely remain stable and will increase after the market condition is better and after we introduce new utilities. That is our plan to help Libero with LIBERA.
BERLIN(sigma male), [Jun 8, 2022 at 10:29:00]: Well To be honest I really love the innovation you bring in Defi world Recently I saw a user who bought $32 worth LIBERA stands a chance to win $102 that's almost 3x
so moving forward to our next question
Libero Leo 🗽🗽🗽, [Jun 8, 2022 at 10:33:14]: Recognizing the market down trend, we think that the shift to Libera is need to be done as soon as possible. The more people participate in Libera the better for Libero inflation control. As I said above if we continue this shifting and double the Libero wrapping/zapping to Libero, there will be only 2.3% Libero circulating supply left and then we will introduce new utilities to Libero and we can see a supply shock, we just need a right time and a right market condition to do that. And I think it worked well.
For example mr. John, one of our early holder have sent us his screenshot, he wrapped everything to Libera 1 month ago and I think he is happy now because his money is not decreasing while the market is red, but the price of Libera is very stable thanks to Libera highest burning speed and deflationary mechanism
If you still holding Libero, you have 2 options to earn now
- 1.Wrap/zap your Libero to Libera-Busd and participate in Libera Miner to earn 3% daily passive income in Libera & busd, or to lock in Liberator Bank to earn long term benefit from trading volume and Miner deposit fee.
- 2.Lock in Libero Bank to earn Libero and Busd. This option is good if you believe that Libero price will go up again and you can reap the benefit of a long term Libero holder
Or you can do both, because the more xLibero you hold the higher the rewards you can earn in Libera Bank, thanks to our special compound bonus mechanism to rewards xLibero holders
All in all, you can see that a shift is needed and the faster the shift the better for both our holders and our ecosystem. If you check the whole market, we are the only rebase token in this bear market that introduces a complete inflation control system in just a few weeks that can lock 22% of circulating supply, and still offers our holders a chance to make more money in this bear period.
I personally feel that our holders are hit hard in this bear market and I want to do my best to support them in this rough time, I strongly believe that eventually this rough time will pass and a bright future will come for us if we keep innovating and working hard.
BERLIN(sigma male), [Jun 8, 2022 at 10:48:16]: 22% supply locked in few weeks that's the clear indication of trust toward team
Our next question is:
Libero Leo 🗽🗽🗽, [Jun 8, 2022 at 10:49:44]: thank you Berlin! and sure, we will try our best
Our priorities now is to develop new features in Libera so holders would wrap/zap to Libera, reducing circulating supply of Libero, and the target is to achieve x2 current Libero locked amount. It alone will help Libero a lot.
When holders wrap and enter Miner or Bank, or other Libera features, the desired lock rate is achieved, which ensure the development of both tokens, Libero and Libera.
Not only mr. John, many Libero holders have gained from thess developments. For example who is now in the Libera Miner have already earned 3% a day from their zapped Libera-Busd LP. I don't see a reason why people should not move their Libero to the Libera in this bear market, to keep their value and benefit from current and future developments.
For Libero, we have many ideas to implement in Libero v2, such as a never seen before tax system that rewards buyer! Yes, not only 0% tax, buyers are rewarded more Libero when they buy. When the market changes to a bullish condition, this will help increase buy pressure a lot. This is just one of the ideas we are working on, and more to come. So we just need more time and a good market condition.
While waiting for that condition and coding to be done, we will focus on Libero inflation control and bring more features to encourage people to wrap/zap to Libera. We may propose a new DAO proposal to further reduce emission of Libero to 0.5% a day while keeping Libero Bank at the current 0.5% a day. So people who stay outside Libero Bank will not benefit as much if they lock to Libero Bank or wrap/zap to Libera Bank/Miner. We want to see a point where most of the Libero is locked ( either in Libero Bank or in the Libera system) and the price will stop declining. After that, we will introduce new features to Libero, maybe a DAO vote for Libero v2, and we will see Libero go up from there, with the help of a better market condition.
With Libera: we will introduce interesting games to further increase burning rate (which also burns Libero inside), more features, for example Libera Miner earning Libera at 2% daily rewards. Other features will be announced in the future.
BERLIN(sigma male), [Jun 8, 2022 at 11:07:17]: many users ask the same thing " why LIBERO left behind and all focus is on LIBERA" now It's all clear that LIBERA is the golden key for LIBERO ❤️❤️
moving to our next question
LIBERO ECOSYSTTEM ’S ACHIEVEMENTS IN 129 DAYS
Even though the general market is down, Libero has achieved important milestones to build the basis for future development.
🔸130K+ Holders despite price goes down and at dip because of red market.
🔸80% total supply burned & locked (20% burned & 60% locked). Only 20% circulating.
🔸Passive income Programs:
🤑Libero Bank: Total passive income rewards: $2,917,715.91, in which $2,452,307.33 in BUSD in 95 days.
🤑fLibero Bank: Total passive income rewards: $168,831.79 in which $91,654.36 in FTM in 34 days.
🤑Liberator Bank: Total passive income rewards: $275,689.3 in which $187,050.3 in BUSD in 28 days.
And 🤑Libera Miner: Just launched 6 days and achieved 🚀
🔸Highest profit stable coin miners +3% daily in $BUSD & $LIBERA
🔸Total value locked $382,930.08 - Fastest Growing & Most Profitable Stable coin Miner on BSC
🔸Audited by Thoreum
🔸Total Biggest Deposit Prizes rewarded: Over $16.2K USD in just 5 days, reaching $4K+ a day
🔸Regular Grand Airdrop $100,000 BUSD for Libero Bank Stakers and for $97,753 BUSD for Liberator Bank Stakers on June 20.
🔸$20K BUSD lottery prize / month for 5 months, and a special 🚘Lamborghini prize in Nov 2022, for Liberator Bank Stakers.
🔸 Libera Miner ads is everywhere on Poocoin, on BSCScan, on forks website (Listing & Banner ad)
🔸 Tweeted by many celebs, influencers & reviewed by youtubers worldwide as Selena, CaptainCrypto, Alt Crypto Gems, Crypto Yada…
🔸Shill contest on voice chat
🔸Twitter & Coinmarketcap shill campaigns.
🔸[Dappradar.com] Booking Ads
🔸New/updated banner ads with multi-languages on Poocoin, CNtoken: Chinese, Russia, Pakistan, India, Indonesia, Turkey, France, Bangladesh, Italy, Netherlands, Germany, Thailand, Spain, Portugal, Vietnam, Philippines
🔸New marketing campaigns on Twitter, Facebook
🔸Finalizing discussion with Bitmart for listing Libera
🔸Planning to introduce fLibera, fLibera Bank & fLibera Miner - the Libera version of fLibero
🔸In discussion of partnership with SLAM and betting games partner Our marketing team is working hard day & night to make Libero & Libera viral everywhere!
BERLIN(sigma male), [Jun 8, 2022 at 11:17:30]: That is simply wow!! upcoming plans🤑🤑🤑
BERLIN(sigma male), [Jun 8, 2022 at 11:18:32]: the question from our next user, He wanna knows what your strategy If you were on his place😍😍🤑
Libero Leo 🗽🗽🗽, [Jun 8, 2022 at 11:19:58]: After entering Libera Miner, compounding your rewards will greatly increase your ROI potential. Think of this as compound interest on your investment and a way to help sustain the pool long-term. When you are ready to take profits, claim your LP tokens and put them in our Liberator Bank to earn Libero, BUSD from trading volume and Libera-BUSD LP from 3% miners' deposit.
Staking in Liberator Bank also give you more compounding bonus to the Miner, so it's best to enter both Liberator Bank/Miner.
You can also take the rewards generated on the 7th day and invest back into Libera Miner. That will produce more compound bonus, and you can continue the process all over again. It is an infinite loop of money printing...
The best strategy that the team can recommend is to compound for 6 days and claim 1 day a week. This will increase the users investment at the same time increasing the daily yield earnings. This strategy has already been tried and tested by several projects and is proven effective both for the short and long term.
For example, if you follow “compound for 6 days & claim 1 day a week” strategy from your $1000 investment,
- on the 1st day, your daily income will be $30
- on the 54th day, your daily income will be $100
- on the 84th day, your daily income will be doubled: $200
On the other hand, if you didn’t follow the “compound for 6 days & claim 1 day a week” strategy and claimed each day, then on the 54th day, your daily income will only be $30.
So it's clear that you should follow the 6-1 strategy, to encourage users to do that, we have the compound bonus system that rewards you if you continue to compound for 5 consecutive days. And also an early withdrawal tax to discourage you claim too soon ( before the 7th day)
That's our own enhancement implemented to help players follow the rules, because we know that if you follow the rules everyone will win.
BERLIN(sigma male), [Jun 8, 2022 at 11:28:34]: thank you for sharing the strategy in details with examples that makes up the mind more clear to users❤️
moving to next question
Libero Leo 🗽🗽🗽, [Jun 8, 2022 at 11:32:41 (Jun 8, 2022 at 11:33:21)]: LIBERA Miner is designed for individuals with a long-term vision. It is not for those who want instant profits that ultimately harm others. LIBERA Miner can be viewed as a system whose life span rises and falls based on the combined actions of the community, just like any other coin or token that you may hold. But, unlike your average coins and tokens, Libera Miner allows you to stabilize and increase your earnings by taking long-term advantage of its incentives/bonus/tax features.
The LIBERA Miner is the latest miner game in the industry and we learned from all the best practices from emp money, drip garden, baked beans and many projects out there. Even more, we have added our own enhanced anti-dumping and anti-whale measures in place to ensure the longevity of the project. These measures include: new deposits incentives, compounding incentives, daily biggest depositor prize, maximum deposits limit, maximum withdrawal limit per day, accumulation cart cutoff time, anti whale tax, early withdrawal tax, incremental compound & withdrawal tax, maximum payout, etc.
You can refer to our docs to know more about them here: https://docs.libero.financial/libera/libera-miner-the-worlds-first-auto-compounding-miner/libera-miner-frequently-asked-questions#what-makes-libera-miner-live-longer-than-other-miner-platform
The life of Libera Miner depends on users, how they play in the system. The more people deposit or the more people compound, the longer the Libera Miner will last. The object of the game is to collectively survive and benefit everyone as long as possible. This in turn earns you more LIBERA-BUSD in the long run.
Other projects have been surviving for 6 months to 15 months without a sign of declining, so I believe our Libera miner, with better mechanisms, will live longer.
Below are some preferential treatment for new players:
Biggest Depositor Reward everyday
Every day, the highest depositor of the day will be rewarded 0.5% to 1% of total locked value, very attractive! At the time of writing, the Daily Biggest Depositor Reward has grown to over $3800 per day. Yesterday, the largest depositor was somewhere around $2.5K. So YES someone deposited $2.5K and won back $3.75K!
This is a key to keep new comer the reason to continue to deposit into the system
0.1% more buying power everyday for new deposits to balance between early and late investors. Libera Miner increases buying power over time and as the balance of the contract grows ensuring that you will always get a fair rate. There is still a benefit to getting in early because the earlier you invest the larger your income in the future and outperform the competition to ROI with others.
The time multiplier is designed to attract new waves of capital after we have reached saturation and the contract growth has slowed, by increasing the buying power of new capital from 0.1% up to 0.5% non compounding every day. This means there will always be a time in the future where it makes sense for fresh capital to come in and kick start new wave miners!
While existing miner games give early investors over 1000% more buying power than players who get in later, allowing them to drain the contract and disincentives new capital from coming in. Libera Miner has many enhanced mechanisms to balance between new and existing players to make sure the contract is always attractive for new investors and discourage old investors to just drain the contract by continuous withdrawal. They are:
The 24 hours accumulation cutoff time is the amount of time it will take for your "accumulation cart" to be full of rewards. Once the cart is full, it will stop filling until you've taken some action in the game. This is to prevent whales from letting their rewards accumulate for a long time, and removes the false impression the contract value is going up when most of it is rewards the whale is waiting to withdraw at once.
Zero Activity cutoff time Every 48 hours (can be adjusted to 36 hours) without being claimed or compounded, the pending reward will be rolled back into the contract pool and restart from 0. This will encourage users to interact with the project and participate in future incentive programs.
Incremental compound & withdrawal tax: From 0% to 100% ROI tax will be the same between everyone. Each time after the user reaches 100% ROI, 200% ROI the compound and withdrawal tax system will increase 100% to 200% accordingly to make sure that users continue to participate healthy (i.e still compounding) not just withdraw and drain the contract.
Maximum Earnings: Users can only earn a maximum of 300% of their initial deposit from this system, including referral rewards. For example if Helena deposits 100 LP tokens, she will be entitled to earn a total of 300 LP tokens (calculated as 100 * 3) over the lifetime of her contract. Should she reach the cap or want to earn more, she will need to deposit more LP tokens to participate in the pool. This total also includes referral bonuses, so if you do not deposit any LIBERA-BUSD LP into the pool, you will not be eligible for referral rewards as a promoter. Lastly, only after-tax LP token claims count towards your total earning, so even if you are subject to the whale tax, you can still claim the maximum of 300% deposit over the lifetime of your deposit, it will just take longer to reach the cap.
Early withdrawal tax: For the longevity of the contract, you should compound for 6 days and claim on day 7, and repeat it. Or you can withdraw early and pay extra 90% early withdrawal tax. This tax is to discourage players from draining the contract too soon.
Whale Tax: <1% = no tax; 1% = 5 percent each withdrawal ; 2% = 10; 3% = 15; 4% = 20; 5% = 25; 6% = 30; 7% = 35; 8% = 40; 9% = 45; 10% = 50. These percentages are calculated on your total ownership of the pool. For example if the contract balance is 1,000,000 LP you will be taxed as a whale if you deposit more than 10,000 LP.
Maximum withdrawal limit per day: Again, to prevent whales from continuing to drain the contract, which causes the death of many other projects, the maximum withdrawal limit of each user is set to 2,000 LP a day, so whales can only withdraw a maximum 102,000 LP a year (51 weeks) without paying early withdrawal tax. If they want more they have to withdraw earlier than 1 week and be subject to early withdrawal tax.
Maximum deposits: Maximum deposits is set to 50,000 LP so a whale can only earn a net maximum 100,000 LP from
You can save it to read later, what I mean here is that: we have many better deposit incentives, compound incentives and withdrawal control mechanisms, all of them are better than other projects currently on the market. So I am confident we have all the keys for a long lasting project!
BERLIN(sigma male), [Jun 8, 2022 at 11:50:29]: Zero activity point😍😍😍😍 these 8 bold points give the awesome feeling for holders who afraid of whales
moving to the next question
Players who are both xLIBERO and xLIBERA holders will earn a total extra bonus of two categories when they stake in Libera Miner. Getting a total 105% compound bonus in 5 days means to get the maximum bonus of each category.
Stake 50K LIBERA-BUSD LP in Liberator Bank (https://libera.financial/bank/libera-busd) for 1 year and receive 200K xLibera as a certificate, you will earn 5% extra compound bonus for Emerald class. This bonus increases 5% every 24 hours that you compound without withdrawing and reach 25% max by the 5th compound, or a total 75% for 5 days. You can start with 500 Libera-busd LP (which cost about $650 usd) in Liberator Bank to get the first tier with 7.5% bonus.
Moreover, you can stake 30 Million LIBERO in Libero Bank (https://libero.financial/libero-bank) for 4 years and receive 30 Million xLibero as a certificate, you will earn 1.5% extra compound bonus for 30M xLibero held. This bonus increases 1.5% every 24 hours that you compound without withdrawing and reach 7.5% max by the 5th compound, or a total 22.5% for 5 days. You can start with only 2 millions xLibero ( about $300) to get a 1.5% compound bonus.
Even without holding xLibera and xLibero, you can earn a basic compound bonus 0.5% - the minimum compound bonus and always presents. This bonus increases 0.5% every 24 hours that you compound without withdrawing and reach 2.5% max by the 5th compound, or a total 7.5% for 5 days.
In total, you earn a 105% compound bonus in 5 days, and you can continue the process all over again. It is an infinite loop of money printing.
The whole Libero ecosystem is designed to reward and increase passive income for our true diamond hand holders: Libero Bank stakers, Liberator Bank stakers, Libera Miner stakers….
After claim your rewards, you can deposit to Liberator Bank to have a chance to win $20K BUSD lottery prize every month, and a special 🚘Lamborghini prize in Nov 2022
We also have extra compound bonuses for holders of partnered tokens who want to partner with us to expand Community and Investors, and support each other in the cross-marketing efforts.
Libero Leo 🗽🗽🗽, [Jun 8, 2022 at 12:03:05]: For short term, After LIBERA-BUSD LP Miner, there will be: +$LIBERA miner: earning 2% $LIBERA / day
However, if you prefer to earn more, LIBERA-BUSD Miner is already the best option. It is recommended to Zap in LIBERA-BUSD LP & put them in $LIBERA-$BUSD miner. Because with the upcoming $LIBERA Miner, this miner delivers a 2% return on investment every day, while LIBERA-BUSD Miner delivers a 3% return on investment every day. After that, we will have on Fantom:
+$FLIBERA miner: earning 2% $FLIBERA / day +$FLIBERA-USDC miner: earning 3% $FLIBERA-USDC / day
Also, LIBERA-BUSD Miner is better because the price’s impact of $LIBERA-$BUSD LP will be less compared to $LIBERA alone. Giving you a safer investment long term. After getting $LIBERA-$BUSD LP rewards from $LIBERA-$BUSD miner, you can earn more $BUSD by breaking the LP, save the BUSD and put the LIBERA back either in the future LIBERA Only Miner or Zap it to LIBERA-BUSD and deposit in LIBERA-BUSD Miner
For the long term, we are building a very innovative system that brings more backed value to LIBERO/LIBERA, it means your token can not go down more than a certain level and only go up from there. But I will save it for another AMA. In the meantime, please enjoy our miners system and make money while waiting for our exciting new innovations to come.
BERLIN(sigma male), [Jun 8, 2022 at 12:09:45 (Jun 8, 2022 at 12:10:29)]: Thank you! LEO for your precious time, all pleasure is mine to have a great AMA , We wish you all the best and please take a good nap as well We all know how hard working you are as a leader DEV
Libero Leo 🗽🗽🗽, [Jun 8, 2022 at 12:12:23]: Thank you Berlin, thank you Crypto Addict, Leicester and other members in our community of Libero holders, you are the motivation that I continue to work and contribute to this project. I hope we will get pass this troubled time and get a good benefit from our Libero Ecosystem.