1. What is LIBERO BANK?

  • You lock LIBERO (any period from 1 day to 4 years 4 years) in the LIBERO Bank to receive xLIBERO token as a receipt.
  • Proportionally, the longer you lock, the more xLIBERO you will receive. A 4 year lock will give a 1:1 ratio of Libero to xLIBERO conversion.
  • By just holding xLIBERO, you receive BUSD rewards, every day, these amounts are calculated based on your proportion percentage of the overall xLIBERO in circulation, this percentage gives you a proportional access to the funds accumulated from the pool collected from the 7% LIBERO trading volume, accumulated from the buy&sell tax.
  • You will still also continue to receive the daily 0.47% LIBERO interest (auto-compound to 432.02% APY) in addition with 10% using for referral. This means, if you lock your Libero for 4 years, you will get back your locked amount back after just 152 days.
  • xLIBERO holders will receive other benefit such as multichain-farming profits in the future
  • xLIBERO holders can vote in our LIBERO DAO governance for important factors, relevant to the token and the community, such as transaction tax change, etc.
  • You can unlock xLIBERO and convert it back to LIBERO before the end of the lock period, but beware, 90% of your locked LIBERO will be deducted and distributed to current xLIBERO holders.

2. Why LIBERO Bank is an innovative feature that help the LIBERO system long term?

How does LIBERO Bank play a crucial part in keeping LIBERO value sustainable long term?
1st. The more people that lock their LIBERO to xLIBERO, (usually from 2 week to 4 years), the less LIBERO tokens are in circulation. The price of a token is based on supply/demand. So xLIBERO will help reduce the supply and increased the demand of LIBERO as new investors will have to purchase from the limited supply in circulation, this will support the LIBERO price, long term. We are proud to announce, that LIBERO Bank, is the first fixed APY project to implement such an innovative system.
2nd. The more LIBERO that is locked, the less new LIBERO is printed. This is due to the fact that when you lock your LIBERO to xLIBERO you receive the BUSD from the 7% of LIBERO transaction volume and about 0.51% LIBERO rewards everyday compounded to 543.27% a year. If you don't lock your LIBERO you will receive 1.02% rewards everyday. So 50% less LIBERO is printed for all locked xLIBERO which means less inflation.
3rd. xLIBERO is a way for LIBERO holders to receive BUSD rewards, this means that holders don't need to sell their LIBERO to take profits or, if they do sell to take profits, they will sell less to realize their profit when added to the accumulated BUSD. So less selling pressure means better support price.
4th. Crypto markets go though fear and greed cycles and it is clear that we are currently in a fear period. Many people will appreciate their income in BUSD because it feels safe being pegged to the USD. Rewarding BUSD in this market makes LIBERO more attractive in the eyes of potential buyers, raising buying pressure and lowering selling pressure is achieved and this is very important for project long term.
5th. New users will be comforted to see the diamond handed mentality of the Libero userbase, knowing that so many users have put such trust into a project, for such an extended period, in a climate where projects are failing after a few weeks, knowing that there is a strong core base of long term investors, who have locked their Libero for years, guaranteeing the foundation of the project, will help to stabilize and grow the value of the token over time. Summary: As you can see by locking you LIBERO in the LIBERO bank, not only benefits you (return within 136 days) but also benefits all LIBERO holders and provides a great sense of community and longevity for new people entering into the system.

3. Locking mechanism explained.

The locking period will range from 1 week to 4 years, the basic idea is the longer the time you lock, the higher the number of xLIBERO you will have. You can only keep or increase the lock time, you cannot lower your lock time.
So before you lock your LIBERO you should consider how long you will commit your LIBERO to this function.
You can unlock your xLIBERO to LIBERO before the time ends but you can only receive 10% of what you locked, the rest, the remaining 90%, is used to rewards the people who are still locked.
Therefore before locking your Libero you should also decide how many percent of your LIBERO will be used to lock for xLIBERO to receive passive income in Libero and BUSD.
When you calculated the percentage, let's say for example that we will lock 30% of our total Libero, you should then decide how long you will lock your 30% LIBERO for xLIBERO.
If you lock the Libero for 4 years, your exchange of LIBERO for xLIBERO will be 1 LIBERO is equal to 1 xLIBERO
if you lock your Libero for 1 year which is equal to 365 days, 1 LIBERO = 365 / (365*4) = 0.25 xLIBERO
Of course if you are not satisfied, you can increase your lock at anytime to receive more xLIBERO.

4. BUSD rewards from LIBERO Bank can be used to buy Libero, Thoreum, Mvc, Epichero Tax Free.

When user claims their BUSD rewards, they will have 2 choices:
  1. 1.
    Claim to BUSD normally.
  2. 2.
    Or Use that BUSD to buy LIBERO/THOREUM/MVC/EPICHERO tax free
All our users love compounding their rewards and using them to grow, not only the value of their holding, but also the opportunity to receive more in the future. To retain as much funds inside the system we have initiated an open ended relationship with the other Tokens in the Thoreum network and from this great partnership we can allow our users to compound their earnings back into their favorite Thoreum based token tax free, bypassing the buy tax that usually is charged from buying these tokens. This will incentivize users to keep their money inside the ecosystem, stabilizing the value of the token and allowing it to grow naturally over time, it's a win-win for everyone.
So if a user likes a token, for example THOREUM, they can let their xLIBERO rewards grow in unclaimed BUSD. When they see that Thoreum has a good buying opportunity, instead of claiming the BUSD and then buying the THOREUM where they will be taxed 13%, they can, instead, just click 1 button and the system will automatically buy THOREUM at the market value and send it to them immediately without paying the buy tax.

5. How to calculate my daily BUSD rewards.

The rewards depend on 2 factors.
The first is daily volume.
The second is your share percentage of the total locked xLIBERO
If the daily volume is high but the number of locked xLIBERO is also high your rewards might be lower than on other days, but during this time you will still be getting your daily rewards paid out in LIBERO equal to 0.51%.
If the daily volume is high and the number of locked xLIBERO is low meaning you can have a larger percentage of the total xLIBERO you will receive a larger share of the rewards, AND will also continue to receive your daily pay out of 0.51% LIBERO also.
As you can see your daily takings in BUSD depend a lot on daily volume and how others are engaging with the LIBERO bank on a daily basis.
The beauty of LIBERO Bank is their will be a period of fluctuation in the early days as things settle down, but as the nature of the token will push people to lock their tokens for the maximum amount of time, this will mean a large percentage of all tokens will be locked, so will not fluctuate daily, this means that over time the amount of BUSD received by a user will also level off over time, as people find a spot where their BUSD rewards satisfies their requirements.

6. 2 steps to Financial Freedom with Libero Bank: