AMA focus on Libera (wLIBERO) & FUTURE DEVELOPMENT OF LIBERO ECOSYSTEM
AMA RECAP MAIN POINTS
1. Libera is the new name for wLibero & will launch on first week of May, latest 7th.
2. Libera will have 5% buy & 16% sell tax
3. Holders of Libera can stake in Libera Bank to get xLibera and earn both Libero & BUSD rewards.
4. BUSD rewards comes from both DEXes & CEXes trading volume.
5. Wrap fee from Libero to Libera is 30%. All the fee will be used for Libero holders to stake and earn Libera to increase Libero's value.
6. Libera token have 5 new exciting features to boost its price, including: Auto LP Nuking, Circuit Breaker, Hourly biggest buyer rewards
7. Libera Bank will have different staking durations
8. Libera Bank will have LP staking (Libera-Libero, Libera-BUSD, etc.) with accelerated rewards ( the LP staking have up to x4 rewards than single staking)
9. The wrap/unwrap fee from Libero to Libera will decrease over time until it reaches 10%.
Gabin, [Apr 27, 2022 at 08:07:41]: Hello guys and welcome to the AMA with Libero Financial ! One more time we have @lionheart1979 The lead Dev of Libero here ! Let's focus on wLibero and on the future development, thanks Leo for being with us today !
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 08:07:44]: Good morning
Gabin, [Apr 27, 2022 at 08:08:14 (Apr 27, 2022 at 08:08:50)]: Good morning too Leo, hope ur well !
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 08:10:31]: Thank you, same to you, I am excited to be here today to talk about the Libero project's development
Gabin, [Apr 27, 2022 at 08:14:07]: I'm, thanks! we're all excited about that, it's been a long time! Alright, let's start
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 08:16:43]: Thank you, it has been a stellar months for us. Even though the general market is down, Libero has achieved important milestone to build the basis for future development.
🔸 110K+ Holders despite price goes down and stable at dip because of red market. That shows the super high interest of investors on LIBERO. 🔸 $9.5 Million USD burned (16.64% total supply) 🔸 $10 Million USD total treasury
🔸LIBERO BANK, our own innovation that no other fixed APY projects have. Launched for 54 days, and expanding fast everyday
- Over 2 Million Dollars in BUSD rewarded
- Over 2.66 Million Dollars in Libero rewarded
- Over 3.3 Billion Libero staked, worth $7 Million USD, locked for 3.6 years on average.
- Total Passive income ($LIBERO + $BUSD) rewards surpassed $4.6 Million USD, so ~ 66% of total locked capital already paid 🚀 in just 54 days.
- 490% APR reward in BUSD, the highest stable coin APR on the whole Defi market
After 66 days, a holder who staked Libero for 4 years can take back every staked Libero, plus all the Crypto highest BUSD rewards in that period. After that, 1% daily APR Libero & 1.34% daily APR BUSD will come to you at a great APR cost-free
🔸Multichain expansion: The first place is on Fantom as FLIBERO
- 9K+ Holders
- Top 1 Hottest pairs on Dextools Fantom
- Insane 1022.48% FTM APR or 2.8% / day Plus 23,865.66% FLIBERO APY 1.5%/day 🚀
- Total Passive income ($FLIBERO + $FTM) rewards surpassed $315K USD, worth of ~ 47% of total locked capital already paid, in just 23 days
- Times Square Billboard Campaign, April 16-23rd & Times Tower on April 30th (tentative).
that's the major milestone we have achieved, and this bring us a great ground to launch our next innovation: Libera
FYI, Libera is the new name for wLibero
Gabin, [Apr 27, 2022 at 08:26:29]: Indeed, that is already a lot!
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 08:30:04]: Before updating on the development of Libera, let me reintroduce it to our audience
1. LIBERA (former name wLibero or wrapped Libero) is a breakthrough innovation enabling a 158K% Fixed APY Auto-staking Token, for the first time ever, to be listed on Centralized Exchanges (CEX) with hundreds of millions of traders.
Making the history of Defi, Libero Financial Freedom will launch The World first positive rebase token to be listed on Centralized Exchanges (CEXes). You can wrap Libero to LIBERA and unwrap it to Libero easily through our Dapp.
Holders of LIBERA will have 3 incomes sources
🚀Libero growing inside LIBERA at fixed daily interest of 2.04%, compounding to 158K% fixed APY
🚀BUSD passive income from trading volume of LIBERA on DEXes, such as Pancakeswap, Knightswap, Babyswap, etc. For reference, passive income from Libero trading volume is now average 490% BUSD APR based on Libero performance on BNBchain
🚀Passive income from the trading volume of LIBERA on Centralized Exchanges (CEXes) such as: Digifinex, BitMart, LBank,…
We are in discussion with DigiFinex, BitMart, LBank and others to list and promote Libera on these CEXes. The discussions went well and they are just awaiting our LIBERA launch to list the token on their CEXs and share the trading volume with us.
2. Stake LIBERA in yield farming protocols:
We are in discussion with close partners to open more mining pools, stake LIBERA or LIBERA-BNB, LIBERA-USDT to earn other tokens while still receiving 158k% Libero APY rewards inside LIBERA. For example, you can stake LIBERA to earn other tokens like BNB, BUSD, Thoreum, MVC, Epichero, Knight, Baby, etc. and earn 159K% Libero APY at the same time! All of our staking partners are excited and waiting for the launch of LIBERA too.
So you may wonder why we change the name from wLibero to LIBERA?
Because we want to emphasize that LIBERA is a new innovative play in the Defi space with many features never seen before. We also need an easy to use name to list on CEXs and an easy to viral name for our marketing plans.
You can say LIBERA completely renovated Libero. Here are the new innovations that LIBERA bring to Libero's ecosystem
- 1.LIBERA is Limited supply and deflationary token (unlike LIBERO is inflationary token with unlimited supply) LIBERA has a limited supply of 50 millions tokens, in which 18% will be burned at launch, and more will be burned every week based on Libero's burning speed.
- 2.LIBERA is the first self-yielding deflationary token that yields 158K% APY inside itself. It means just by holding LIBERA you can get 158K% APY of Libero or 2.04% value increase everyday. So the number of LIBERA in your wallet does not increase like Libero, make it no more inflation and no more price decrease over time, while still yielding a very high amount of Libero inside it.
- 3.If you lock LIBERA in LIBERA Bank you can earn BUSD passive income. Holders of xLibera (locked LIBERA) earn high Libero APY rewards plus high APR BUSD rewards from both DEXes and CEXes trading volume. For reference Libero Bank rewards are now 4K% APY LIBERO and 490% APR BUSD - highest on the whole Defi market.
But this is not all, today I will introduce to our
LIBERA features that going to make it a game changer in the fixed APY space:
1/ A reduction of tax: Buy Fee: 5% Sell Fee: 16%.
Unlike other fixed APY projects with a buy fee usually ranging from 13% to 16%. LIBERA buy fee is only 5%. This will encourage users to be easier to decide when buying and make bigger volume and also higher buy pressure for LIBERA.
2/ Hourly Biggest Buyer Auto BNB rewards
Every hour forever, we take 1 percentage of trading fees and reward the biggest buyer during that hour, which automatically sends BNB into their wallet at the end of every hour. This will encourage buyers to compete to make a big buy every hour to have a big reward of the hour, this is both a fun and rewarding game to our buyers.
3/ Automatic LP Nuking
For every sell, 25% percentage of the sell will be burned to dead address from the LP. This is a new mechanism that will Lift the price floor with each sell through liquidity pair adjustments in favor of the LIBERA holders.
This mechanism is never seen before and will be a game changer in making the price stability, let's wait and see it in action
4/ Ultimate Gamification
A lottery game to be implemented soon to both add to your LIBERA bag and reduce your sell tax from 16% to 5% in your next sell if you win. More gaming and degen mechanics coming soon!
All of these features are already built-in to the LIBERA contract and it's done and tested, our dev is making the final front-end modification. And you will have it at the launch time.
Gabin, [Apr 27, 2022 at 09:05:03]: Yup this Libera definitely seems to be THE game changer that we're all waiting for ! 🔥
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 09:06:10]: Oh, I forgot #5
Gabin, [Apr 27, 2022 at 09:06:47]: We want more 👀
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 09:08:42]:
5/ Circuit breaker mechanism to prevent panic sell
An advanced circuit breaker is implemented in the LIBERA contract: If price is reduced 1% in 1 hour, the sell tax will be set to 25% automatically in the next hour. This will prevent panic sell and bring people time to consider their panic decision.
In short, with these new 5 mechanisms in LIBERA, we think that for LIBERA, unlike other high fixed APY token, will have buy pressure greatly increased and the sell pressure will be greatly reduced. Combined with LIBERA being a deflationary token with an aggressive burning mechanism that becomes rarer over time, the supply shock will soon be achieved. Plus the CEXes listing and we will see LIBERA prices sky-rocket at some point.
Gabin, [Apr 27, 2022 at 09:16:55]: Thanks, can't wait to see this ! ⚡️
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 09:17:22]: Yes, We cannot forget Libero Bank, the feature that differentiate us from other fixed APY project and make Libero success
We already renovate Libero Bank and you will have Libera Bank with advanced improvements
LIBERA BANK - A COMPLETE RENOVATION OF LIBERO BANK
1/ Higher BUSD rewards by combining both DEXes & CEXes trading volume In Libero Bank, you can lock Libero to xLibero and earn 4K% APY Libero & 440% APR of BUSD rewards from Libero decentralized exchanges trading volume. While xLibero already has the highest BUSD APR rewards on the whole Defi world, Libera makes it even higher by listing on CEXs and rewards the CEXs trading volume to xLibera holders.
2/ Flexible Locking Durations
Unlike xLibero where each user has only 1 lock duration for their entire bag, in Libera Bank users can divide their bag into many parts and stake Libera for different durations such as 1 month, 3 months, 12 months, etc. Same as Libero Bank, the investors who staking in short term will receive less xLIBERA while users who choose to lock their staked tokens in 90-day increments will receive higher amount in Libero & BUSD APY.
3/ Accelerated LP
Staking In Libero Bank users can only lock Libero in exchange for xLibero, in Libera Bank users can also lock Libera LP such as Libera-BNB, Libera-BUSD, Libera-Libero to receive accelerated xLibera amount (to encourage users to lock their LP and increase protocol's sustainability).
For example if you lock 1 Libera for 1 month you only receive 1xLibera, but if you pair 1 Libera with BUSD and and lock your Libera-BUSD LP for 1 month you receive 6 xLibera. Because the Libera Bank rewards user based on the amount of xLibera they hold, so it means you get 3x higher APR with the same value you lock.
Gabin, [Apr 27, 2022 at 09:27:46]: Feel like i'm going to participate in this bank too aha 👀
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 09:29:01]: Yes, the new Libera Bank will be the place where holders will come when they wrap Libero to LIBERA.
Gabin, [Apr 27, 2022 at 09:33:27 (Apr 27, 2022 at 09:34:56)]: Thanks !
We can wrap a Libero bought from a Dex as a wLibero and send it to a Cex, but if we transfer it to a different Cex and want to send it to Dex and open it, will it cause any problem in the supply of the Libero when we sell arbitrage difference?
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 09:35:29]: No, it cannot be tax free to prevent people from taking advantage of the new LIBERA tax structure and harm the price.
You can see that the fee for buying LIBERA is 5%, so if the conversion is free, people can buy LIBERA and unwrap to Libero and avoid the 10% tax difference. For selling, LIBERA is 16% compared to 25% of Libero so people can wrap Libero to Libera and sell to take advantage of lower tax.
If the conversion fee is low, people will take advantage of the wrapping mechanism to buy/sell Libero for Libera and buy/sell back to take advantage of the conversion fee over the buy/sell tax.
With Libera & Libero's tax structures, people who sell Libero to buy Libera or sell Libera to buy Libero are paying about 30% tax. So we have to make the conversion fee to 30% to make sure the system is balanced and no one can take advantage of it to harm Libero or Libera's price.
Gabin, [Apr 27, 2022 at 09:40:40]: Nice, this is fair ! 💫
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 09:42:22]: For the second question, we will set the transfer tax of Libera to CEXes to about 16%, equal to the sell tax, so if you transfer Libera to CEXes and sell there tax-free you still cannot avoid the tax system.
In short, our carefully chosen tax-structure will make sure no one can game the system and make Libera a fair game for all, both DEXes and CEXes users.
Gabin, [Apr 27, 2022 at 09:47:55]: Thanks !
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 09:48:15]: Great question, thank you
Gabin, [Apr 27, 2022 at 09:48:40]: Pleasure is mine !
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 09:49:44]: For an ecosystem to succeed, it needs to continue to create demand, so new products or features are always needed to retain the users interest and attract new users.
I believe that LIBERA is The new product we need right now, because it contains most of the advancement of Defi space recently. You cannot find another token on the market that yields both 158K% APY and 490% BUSD while listing on CEXes, with the whole new features that Libera has. We already have more than 100K holders, and with our marketing power & budget, the demand for LIBERA will increase from its launch.
So Libera will be a success in my estimation.
Because we have many mechanisms to control Libera in circulation, such as hyper-burning, auto LP nuke, etc. I think the price of Libera will go up easily, especially since this is the lowest time of the Libero's price on the market.
So we will use the LIBERA treasury to increase the value of LIBERO. For example 30% of the wrapping fee mentioned above will be added to the treasury. That treasury can be used for LIBERO to earn from in order to boost the demand for LIBERO
We also have an upcoming Node system in plan, where you have to tie up LIBERO and LIBERA to earn high APR rewards, this will boost the demand for the 2 tokens.
Other products will be introduced to use both LIBERO and LIBERA, to further strengthen the tie between the tokens in the ecosystem
Another example is that, in the new LIBERA bank you can stake the LIBERO-LIBERA LP to have x2 rewards compare to only staking LIBERA
These bonding mechanisms between the 2 tokens, will make sure that if LIBERA succeeds LIBERO will succeed too, and the same way for LIBERO's success to improve LIBERA's value.
You know that LIBERO already has a great brand awareness, our strategy is: with LIBERA listing on CEXes and our marketing power, we will further strengthen this brand to make the ecosystem stronger.
In the future, we will have the 3rd token and it will help the other existing tokens via a special mechanism. You will see it soon after LIBERA launch and running well.
Gabin, [Apr 27, 2022 at 10:02:35]: Awesome news ! 🔥
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 10:02:41]: done
Gabin, [Apr 27, 2022 at 10:04:24]: Thanks !
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 10:06:24]: Yes, the price between Libero & Libera is highly correlated
There will be an INDEX number - the conversion rate between Libero & Libera, computed automatically by the total supply of the 2 tokens. Because the LIBERO total supply is ever increasing against the limited supply of Libera, this INDEX number makes sure that the conversion ratio of LIBERA always increases proportionally to the increase in number of Libero.
For example, when we launch Libera the conversion INDEX will be around 715
the next day, the number of Libero increased 2.04%
so the conversion INDEX will be increased 2.04% to 715 * 1.0204 = 729.586
This is to make sure that the Libero inside LIBERA continues to grow at the same rate as the Libero outside.
Now we will talk about the price
The price will not always equal to the INDEX conversion rate, it is decided by the market
For example, we will launch LIBERA with the price equal to price of LIBERO * INDEX. But for the first days because of the demand for LIBERA is so high, people will buy it on the market and the price ratio will be higher than the INDEX
This will create demand for people to buy LIBERO and wrap to LIBERA to get all the advantages of LIBERA without paying a high price difference.
Another example is when price of LIBERA/Libero getting lower than the INDEX, people will buy LIBERA on the market instead of wrapping
This dynamic will continue even more when we introduce new product such as Bonding LIBERO-LIBERA to get a Node,
Gabin, [Apr 27, 2022 at 10:16:04]: Yeah I get it ! Both are working together to grow up 🔥
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 10:16:27 (Apr 27, 2022 at 10:17:24)]: So the market will decide what is the price ratio between LIbero and Libera, but it will be around the INDEX and create arbitrage opportunities for smart players.
Gabin, [Apr 27, 2022 at 10:21:06]: It is so exciting! Can’t wait for the release of Libera 💫
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 10:21:34]: done
Gabin, [Apr 27, 2022 at 10:22:44]: Thanks, so, one more question !
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 10:24:58]: As mentioned above, we are waiting for the front-end completion
our devs have been working days and nights to bring the most advanced features of defi into Libera, we worked 14 hours a day at least for the past weeks, so you can see a great amount of work have been done
We are also in talk with CEXes and partners to make sure LIBERA will have many use-case once it launched and run smoothly
Gabin, [Apr 27, 2022 at 10:27:00]: A big amount of work have been done, well done 👌🔥
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 10:29:46]: We planned to launch on 30 April but because of the sophistication of the new features and to make sure everything goes well, we don't want to rush. So we decided that we will launch LIBERA in the first week of May, latest is 7 May but it may be sooner.
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 10:31:55]: So prepare your Libero to wrap to Libera and enjoy our new chapter of the journey!
Gabin, [Apr 27, 2022 at 10:34:59]: Thank you very much Leo for all of this ! 👍
Then, we will close this AMA and reopen the chat, many thanks to all for participating ! 🙏
Have a good day guys and don't forget to prepare ur Libero ! 🔥🔥
Libero Leo 🗽🗽🗽, [Apr 27, 2022 at 10:35:42]: Thank you Gabin, have a great day!