[ANN] LibreCash – stablecoin with transparent proof-of-reserve backing

[surtur001s]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

A litle bit weird tieing to be honest. Putting it better Im not sure I understand it correctly. It will corresposnd with consumer demand of which particular country? Or will it be globaly? If globaly how to collect all the data?

It will rely on data if the most advanced coutries and the average point will be calculated.
The main benefit of Libre is not tying to consumer demand, it is fully transperancy and backing by crypto that could be converted back any time person wants

Agree, it is really benefit here. Market just has not realized it yet, thats the problem, but it will be fixed for sure when Tether will turn into real scam.
By the way I would like Libre to have a Foundation. It will bring more trust from the ordinar users

[all_inman]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

A litle bit weird tieing to be honest. Putting it better Im not sure I understand it correctly. It will corresposnd with consumer demand of which particular country? Or will it be globaly? If globaly how to collect all the data?

It will rely on data if the most advanced coutries and the average point will be calculated.
The main benefit of Libre is not tying to consumer demand, it is fully transperancy and backing by crypto that could be converted back any time person wants

Agree, it is really benefit here. Market just has not realized it yet, thats the problem, but it will be fixed for sure when Tether will turn into real scam.
By the way I would like Libre to have a Foundation. It will bring more trust from the ordinar users

Foundation is not needed here at all. It is just a status, moreover even not the legal one, just forlmal one.
LibreBank will operate not belonging to any particular jurisdiction or authority, it will be fully decentralized stable coin - the thing all the crypto market is striving to obtain now for fixing the profits.

[semiwylson]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

A litle bit weird tieing to be honest. Putting it better Im not sure I understand it correctly. It will corresposnd with consumer demand of which particular country? Or will it be globaly? If globaly how to collect all the data?

It will rely on data if the most advanced coutries and the average point will be calculated.
The main benefit of Libre is not tying to consumer demand, it is fully transperancy and backing by crypto that could be converted back any time person wants

Agree, it is really benefit here. Market just has not realized it yet, thats the problem, but it will be fixed for sure when Tether will turn into real scam.
By the way I would like Libre to have a Foundation. It will bring more trust from the ordinar users

Foundation is not needed here at all. It is just a status, moreover even not the legal one, just forlmal one.
LibreBank will operate not belonging to any particular jurisdiction or authority, it will be fully decentralized stable coin - the thing all the crypto market is striving to obtain now for fixing the profits.

Whats about limitations for buyers? Do u accept buyers from all the countries or some are restricted like the USA or China??

[Nskaolimpiyskiy]

As far as I understand u not gonna obtain any kind of specific licences, right? U will be just crypto based stable coin? I mean it would not work like tether where I may exchange token for 1 dollar.
So I curious what exactly benefits such decesion bring?

Tieing to dollar requires a lot of legal procedures, working in accordance with local authorities, mayintaining money laundery police, partnering with banks are obligatory etc
It is not very convenient to have a stable coin tied to dollar, better to tie the stability to smth else, like as an example the concumer demand

A litle bit weird tieing to be honest. Putting it better Im not sure I understand it correctly. It will corresposnd with consumer demand of which particular country? Or will it be globaly? If globaly how to collect all the data?

It will rely on data if the most advanced coutries and the average point will be calculated.
The main benefit of Libre is not tying to consumer demand, it is fully transperancy and backing by crypto that could be converted back any time person wants

Agree, it is really benefit here. Market just has not realized it yet, thats the problem, but it will be fixed for sure when Tether will turn into real scam.
By the way I would like Libre to have a Foundation. It will bring more trust from the ordinar users

Foundation is not needed here at all. It is just a status, moreover even not the legal one, just forlmal one.
LibreBank will operate not belonging to any particular jurisdiction or authority, it will be fully decentralized stable coin - the thing all the crypto market is striving to obtain now for fixing the profits.

Whats about limitations for buyers? Do u accept buyers from all the countries or some are restricted like the USA or China??

I think it is on your own discretion and your own risk. This token is a 100% utility. That’s mean that every person who really wants may take part in this ICO

[ApehaFan777]

Why are u making an ICO? I guess IPO would be more suitable here. To establish the big company that will be managed in the decentralized way by according to all the legal terms and regulations. It would give you huge trust from the ordinar investors

[johnywalkerrr]

Why are u making an ICO? I guess IPO would be more suitable here. To establish the big company that will be managed in the decentralized way by according to all the legal terms and regulations. It would give you huge trust from the ordinar investors

It does not suit the teams vision about this project. It will be coin ruled only be the community, no regulation or smth similar. Only community.
Moreover the cost for conducting the IPO are enormous. Whats the sense of wasting the money if there is more suitable option as ICO?

[zajtsewatan]

Why are u making an ICO? I guess IPO would be more suitable here. To establish the big company that will be managed in the decentralized way by according to all the legal terms and regulations. It would give you huge trust from the ordinar investors

It does not suit the teams vision about this project. It will be coin ruled only be the community, no regulation or smth similar. Only community.
Moreover the cost for conducting the IPO are enormous. Whats the sense of wasting the money if there is more suitable option as ICO?

I would also add that without ICO and token model this project would be impossible at all!
Has anyone heard about IPO for blockchain project? As for me not. It is completly different fields IPO and blockchain.
Moreover the reserve fund here will be in crypto. It makes conducting IPO here impossible at all!

[selskoidima]

Why have u chosen DAO as a way of managing your project? Is it really suits good enough the idea of stable coin?
From my point of view the trust worthy company would obtain more trust from the investors rather then just unknown DAO. Most of the people even dont know what is the DAO and how it works.

[surtur001s]

Why have u chosen DAO as a way of managing your project? Is it really suits good enough the idea of stable coin?
From my point of view the trust worthy company would obtain more trust from the investors rather then just unknown DAO. Most of the people even dont know what is the DAO and how it works.

It is just temporary. DAO govermance model is the ideal govermance for all the world. No bad or good leader, only the wisdom of crowd.
Im aware only of one thing - will the DAO be properly implemented here? As there are only few really working DAOs at the market currently but they are not so good, but LibreCash has to be very advanced one.

[johnywalkerrr]

Why do I need to work with crypto currencies? What are your reasons.. Could you list them, please! Is it really important nowadays? Or no, just hype? Does it have a future? Also, tell me a few words about Libre platform! Why do I need to pay attention on you and this platform?? I just need some help here. I would appreciate any attention! thank you!

[nofork_man]

Why do I need to work with crypto currencies? What are your reasons.. Could you list them, please! Is it really important nowadays? Or no, just hype? Does it have a future? Also, tell me a few words about Libre platform! Why do I need to pay attention on you and this platform?? I just need some help here. I would appreciate any attention! thank you!

Nowadays crypto-currencies are primarily a tool for speculation. Also, I want to add and to say you, that a high volatility prevents them from integrating into common economical processes. That’s why I think it is pretty important to understand the crypto currencies and its business) The future stands by this new and innovated economic segment!

[prygunovpasha]

I was reading about this platform, I mean Liblebank and Librecash.. And I have found a question for myself! Why new tokens are created? What is the reason? Does the team of Lible has already made a any good answer for it? I guess you users must know about it and get information as fast as it as possible! the support of the team is always valuable! I guess, this team is respectful

[Nicole1987]

Hi, guys. I like the construction of this idea

[HoskinsMatthew]

sensible website Good luck team.

[ricardovaldossa]

I was reading about this platform, I mean Liblebank and Librecash.. And I have found a question for myself! Why new tokens are created? What is the reason? Does the team of Lible has already made a any good answer for it? I guess you users must know about it and get information as fast as it as possible! the support of the team is always valuable! I guess, this team is respectful

New tokens are created on the platform of Liblebank and Librecash as a solution to the issue face another essential problem, as the Libre team explains us. Guys above us just have discussed this issue very well. So, you can find out more if scroll up) Just spend a little of your time, if you want to get this point. I mean if you really need it)

[zlupin]

The business is very good and if you really thrive in realizing your visions, then I think it will be nice!

[zajtsewatan]

I was studying your platform and found LibreLash. Now I woud like to ask team members or platform participants about this point, I mean LibreLash. What are these main features? I just want to read some new information and refresh the position of Lible platform in my head. I consider it to be pretty goo, but I have to analyze..

[semiwylson]

I was studying your platform and found LibreLash. Now I woud like to ask team members or platform participants about this point, I mean LibreLash. What are these main features? I just want to read some new information and refresh the position of Lible platform in my head. I consider it to be pretty goo, but I have to analyze..

The first thing, that I need to say about LibloCash – it is stable. Its constant rate is 1 LibreCash = 1 USD. But in the future, for example in 2020, rate calculation will be conducted based on the global purchasing power unit. So, with time everything will be changed! Like in any situation in any platform. But we expect it to be amazing!!

[kabackovas]

I was studying your platform and found LibreLash. Now I woud like to ask team members or platform participants about this point, I mean LibreLash. What are these main features? I just want to read some new information and refresh the position of Lible platform in my head. I consider it to be pretty goo, but I have to analyze..

The first thing, that I need to say about LibloCash – it is stable. Its constant rate is 1 LibreCash = 1 USD. But in the future, for example in 2020, rate calculation will be conducted based on the global purchasing power unit. So, with time everything will be changed! Like in any situation in any platform. But we expect it to be amazing!!

another feature is an emission and destruction. They are based on the proof-of-reserve concept of the pledge of cryptocurrency assets. They are - BTC, LTC, ETH, etc. I am sure, that at the first stage Ethereum will be the asset) If you didn’t got, what is Emission – it is when a user transfers an asset as a deposit via a smart contract.

[johnywalkerrr]

what is going on with the emission on the LibreCash platform? What do users do there? If the smart contract is used? It would be very interesting to know, as I consider this planform to be a future leader. I guess, they may set different rules and be pretty successful in their industry of activity! I would like to wish a good luck)!