AMA with Leo (lead dev) focus on fLibero & wLibero
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 08:10:14]: Hello everyone and welcome to the AMA with Libero Financial ! Today we have @lionheart1979 The lead Dev of Libero joining us to talk about their exciting new project. Great to have you here again Leo.
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 08:11:34]: hi Gizem, I am excited to be in Thoreum group today to discuss about the future of Libero Ecosystem
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 08:15:13]: Congratulations on the successful launch on Fantom! 🚀
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 08:15:42]: Thank you, our first expansion go smoothly without any hiccup
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 08:16:42]: So, let's start the AMA ❤️
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 08:19:01]: It has been a busy 5 days for both dev team and marketing team. You know, Fantom is a growing blockchain and very promising, but it is also totally new to us, especially in terms of how to make the product viral.
Fantom is now the no.6 block chain with 6.7 billions TVL compare to 13.4 billions of BNBChain, but according to our research, I believe Fantom will grow faster than other bigger blockchains and FLibero will get great benefit from it, and that's why we choose Fantom to be the first block chain we are expanding on.
🎊fLIBERO’S ACHIEVEMENTS IN JUST 5 DAYS SINCE LAUNCH🎊
Up to now in just 5 days since launch, we have achieved 🚀
🔸 6K+ Holders
🔸 $17M MarketCap,
The thick liquidity is very important to high APY token like FLibero, we only got $2M Liquidity when we start BNBChain Libero, but for FLibero we already achieved $7M Liquidity, so we will absorb larger whale dumps and bring more confident to long term holders
In just 5 days, we have already Listed, Ranking & Certified
🔸 Listed on CoinMarketCap, Coingecko, verified on FTMscan, listed on DappRadar, Nomics & more to come.
🏆 Top 1 Fantom Gainer across all DEXes in 24h, according to Dexscreener
🏆 Top 1 Trending Dextools for 4 days straight, since launch
🏆 Top 1 New Fantom Dapp, according to Dappradar
🔸 Audited by Thoreum, RugFreeCoins. (We are forked from Libero BNBChain that audited by Certik)
🔸 Highest Paying Dual Rewards Auto Staking Protocol on Fantom Network Highest Fixed APY - 159,058.06% Especially we FLibero Bank launched yesterday, we are the Highest passive income in stablecoin - 5000%+ wFTM / USDC APR
In just 12 hours after launch
🎁 Total passive income rewarded to holders: $19,752 USD $17,456.94 USD in wFTM $2,319.54 USD in fLibero
🏦 $370,846.92 USD locked in average 3.6 years
💹 Current APY: 8,849.68% (24.25% / day) in wFTM APR 19,364.51% (1.44% / day) in xFLIBERO APY
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 08:29:12]: This is really awesome 😍
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 08:29:42]: In addition to Automatic Hyper Burn of BNBChain Libero, With the Black Hole mechanism that burns 4% on buy&sell volume, Fantom Flibero have already burned 🔸 $410,430.14 USD, 2.26% of total supply in just 5 days.
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 08:30:40]: 2nd question is coming
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 08:33:51]: You are right, when we expand to Fantom, we already know that the biggest difference between Fantom and BNBChain is the ability to marketing massively to Fantom's users
BNBChain is more established and has more marketing channels with bigger audiences, while Fantom marketing channel is usually 1/5 in size.
But we accept the challenge because we have a marketing team that is very professional and dedicated to excellence. Our marketing team never rests! We are working hard day & night to make fLibero viral everywhere on Fantom and even other chains! We believe viral marketing is one of the most useful and most notorious superpowers with its ability to spread ideas with unprecedented speed and scope. That's why fLibero always focuses on cracking the code for viral marketing and we are witnessing fLibero growing day by day.
Our on-going aggressive marketing campaigns are
🔸 Big advertisement banners on Poocoin (yes BNBChain Poocoin),
🔸 Big advertisement banners on Dextools, anyone use Dextools can notice fLibero on the top banner
🔸 Big advertisement banners on many forks pages & Discord such as: WhatTheFork, TitanoForks….
🔸 3 weeks Bounty campaign on Bitcointalk with 5 channels: twitter, discord, video, article, bitcointalk forum.
🔸 Twitter army and twitter shillings with 100+ posts/ comments a day
🔸 ‘Show your earnings/daily’ Contest on discord and twitter to viral 159K% APY
🔸 Featured by most Fatom influencers on twitters: Fantom Space, Fantom Daily, Fantom Hub, Fantom Queen, Selena, TheCryptoFarmer, The Genie, Diva Crypto Altcoin, Andrew Forte, Crypto Tony
🔸 Tweeted by 20 celebs, influencers & reviewed by 10 Youtubers worldwide as x100GEMS, the Highest Fixed APY with Multi-chain farming to support token price
🔸 In partnership with KnightSwap on Fantom to open more mining pools, Expand Community and Brand awareness, support each other in the cross-marketing efforts
🎊Incoming Marketing Campaign:
🔸 Grand Airdrop 61,050 WFTM ($94,733.2) for fLibero Bank Stakers on Apr 28
🔸5 tiered referral programs: you invite friends and earn up to 10% commission in wFTM / USDC + 10% commission in fLIBERO with 5 Referral Bonus Levels.
🔸Especially Refer Libero/Flibero win Lambo program: we will reward referrers with in a 6 months program: each month we will give out a Tesla car prize and after 6 months a Championship prize of 1 Lamborghini worth $230K USD!
🔸 Super hot: A 7 days FLIBERO Billboard at New York Times Tower is being signed, the iconic central tower of Times Square, where new year countdown is made, and top brands get their exposure. This is where big coins like Doge and also Libero advertised and mooned after advertised there.
I believe with this 2 big programs (7 days New York Times Square & Refer LIBERO/FLIBERO win monthly Tesla & 1 Lamborghini), the image of LIBERO/FLIBERO will be boosted massively and it will viral fast on both BNBChain & Fantom network
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 08:51:27]: That's some awesome stuff in plans out there. 😍
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 08:53:51]: Our dev team have a culture of innovate non-stop, so every time we do something want to improve a current product even if it already worked well
so, first of all, FLibero Bank has a more flexible way to rewards stakers: in USDC, in WFTM, or in both USDC/WFTM
Why is this an important improvement?
Libero was born when the market is in bearish period, rewarding users in BUSD make everyone feel Libero is a safe place to stake their token, its rewards keep value in both bull or bear market
Flibero was born when the market started to be bullish. So rewarding users in WFTM, a token that can double value to $3 USD in terms of months, will make everyone feel that staking in Flibero Bank is a chance to take advantage of the bull season. When the bull market becomes fully visible, their rewards of WFTM can double or even triple or quadruple in months, making their locking Flibero in Bank a great decision right now.
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 08:58:30]: Some analysts think that WFTM can reach even $10 with enough time.
so it mean the APR of Flibero Bank is x6 if they stake now when that time is come
That's why in just 5 days our dev team worked very hard and bring a more flexible mechanism to Flibero Bank
In the next week, users can use the xFLibero DAO and their locked xFLIBERO to vote for the rewarding mechanism, they can vote to be rewarded in WFTM or come back to traditional USDC, or a combination of 50/50 WFTM and USDC
And it can be changed at anytime in the future, at different market conditions, thanks to the FLIBERO DAO implementation
The 2nd improvement is the dynamic FLIBERO rewards allocation:
The new mechanism can adjust the FLIBERO rewards dynamically from 1.02% up to 1.5% a day or 23,000.00%+ APY, according to the WFTM/USDC APR.
In simple words, if the WFTM/USDC APR becomes lower the FLBERO rewards will be adjusted to higher automatically, to make sure that the FLIBERO Bank stakers still get good rewards even when the volume goes lower.
You know, in BNBChain the volume is always high so it's not needed, but in Fantom at this period, we just started FLIBERO so the volume is not high yet, we need this feature to reward early Flibero Bank stakers more and encourage them to lock to the bank. In the future when volume is higher, so WFTM/USDC APR is higher, the rewards allocation will be automatically adjusted lower, but not less than 1.02% a day or 4,000%+ APY.
It means if you locked your FLIBERO in the BANK for 4 years, you can take back every FLibero you locked in just 47 to 69 days, plus all the high APR WFTM/USDC rewards in that period, and after that everyday FLIBERO and WFTM/USDC come to you at a great APR cost-free.
That the 2 key improvements we implemented for Flibero Bank, that is not in LIBERO BNBCHAIN
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 09:12:02]: From our group chat, we saw that users are excited about wLibero, such as Mr. Bam
“Many projects that go mutlichain end up doing poorly because it splits the users/resources, but as along as dev team keeps growing both in numbers (to handle additional work) and growing the project and innovating then there shouldn't be an issue. All I see from libero team is constant new products and innovation. The website is being updated constantly, the ad campaigns are great, and wLibero is simply exciting.”
That brings us to the next question:
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 09:12:46 (Apr 5, 2022 at 09:13:14)]: Libero Bank is already a great success with ~$20 Millions locked and $1,5 Million BUSD rewarded. And I believe FLibero Bank will do even greater.
wLibero will play the key role in all the upcoming Libero Ecosystem products, why?
- 1.wLibero will bring Libero to CEX like Binance, Gate.io, etc. where millions of investors are waiting to get a hand on our product. After a while, the brand awareness being bigger, many of them will see the benefit of holding wLibero, a constant 2% yielding a day token that can grow their $1000 to $1.58 millions in 1 year. So not just trading wLibero on CEX, they will invest directly to LIBERO on decentralized blockchains.
- 2.wLibero will have more utilities that Libero as a rebase token cannot technically have. For example: yield farming, lending, borrowing, etc. That will drive up the demand for wLibero, and the only way to get wLibero is to buy Libero and wrap it into wLibero, so the buying pressure will be raised for the current Libero token.
- 3.When you hold wLibero, the amount of wLibero is not increasing even when the amount of Libero inside it will continuously increasing 2.04% a day. It mean while Libero is inflationary token with amount increase over time, we will have WLIBERO as a non-inflationary token with capped supply. Furthermore, we will implement an automatic-burning mechanism in WLIBERO that burning WLIBERO aggressively making it lesser and lesser each buy & sell. So what is the result?
WLIBERO will be a limited supply, hyper deflationary token that will increase value over time. This is so great to have WLIBERO in your hand, a token that increase in value overtime by auto-compounding LIBERO inside it, while its number is limited and decreased every time it is traded. And we will see the demand and price of WLIBERO sky-rocket when the market is aware of it.
4. We have already surpassed 100K holders. This is an important milestone, but we are not satisfied, we aim for 1 millions holders this year. So after the release of WLIBERO, we will have an aggressive partnership program to list WLIBERO on biggest exchanges that we can ( remember we have more than $4 millions USD in marketing fund), as well as making as many partnership as we can with big brands like VISA, Safemoon, etc. So you will see WLIBERO have increasing utilities as well as awareness & holders in a short time
5. To prepare for WLIBERO launch, we have temporarily turned off LIBERO's auto liquidity function. It means we can convert 5% of each transaction, worth hundreds to millions of USD, from LIBERO tax to BNB and use it for WLIBERO liquidity when we launch it on our own DEX.
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 09:37:55]: Amazing 🔥
Libero DEX, what is this? Can you share more about this?
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 09:40:07 (Apr 5, 2022 at 09:40:50)]: Oh, Yes LIBERO's own DEX with many innovations is in preparation and will be launched in the near future. Our own DEX will bring more income for the project, more rewards for users, and when you swap any token you will be rewarded in a way that rewards never seen before. But Libero DEX is another story, I prefer to talk about it on other AMAs.
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 09:42:35]: Great, can’t wait for the next AMA. 😊
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 09:45:51]: Yes, NFT strategy is the integral part of our strategy and it will be implemented after WLibero goes live.
You can imagine that you can mint and own a limited edition Liberio NFT that gives you Wlibero as rewards, for example 1% a day
And inside that Wlibero, your Libero tokens grow at 2% a day , so it's a double effect because your NFT rewards is much higher than the 1%, with the power of auto-compound the wLibero rewards value grow exponentially, it has never be seen in any NFT project!
A rewards grow massively inside a rewards!
That's why we have to wait until wLibero comes out to bring about a NFT project never seen before.
We already have a team working on it, but generally it's a real-world land NFT project. You will own your Libero Land NFT, with limited supply, and reaping double rewards as mentioned above. The rewards in WLibero are not minted but come from our treasury, so it's rare and people will compete for it, driving up demand for WLibero.
I believe this land NFT is the key for the next massive demand of Wlibero.
We may have another AMA when this NFT project is going to come out.
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 09:55:28 (Apr 5, 2022 at 10:17:57)]: Now we're moving to the live question.
and we will open chat for 5 minutes for users to ask questions
Are you ready?
[Users were asking questions]
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 10:06:14]: Thanks everyone for the questions. 😊
You can start with any question you want @lionheart1979
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 10:14:39]: Before answering this question, let me emphasize that all of the innovation on BNBChain will be implemented on Fantom as soon as it works well. And because of the advantage of coming later, the Fantom products usually have better features or work more stably. For example FLibero Bank is rewarding WFTM not just USDC. Same with wLibero and Libero Land NFT, we will have wFLIBERO and FLIBERO Land NFT soon. We are aware that Fantom is a different environment and has a different ecosystem so we will try to make fLibero different and steer away from original Libero if needed to take advantage of the new Fantom Defi environment.
Right now I don't know what will come first, eLibero on Ethereum or wLibero. But for eLibero we want to make sure fLibero grow healthy first and then expand to other chains later. For wLibero we will try to release it as soon as possible when the tech is done and test is thorough.
Yes, WLibeo will have buy & sell tax, we need those taxes to burn wLibero and to control supply.
So when you buy & sell wLibero, 15-20% tax will be applied and part of it will be burned. Because wLibero is a limited supply token, this will make it hyper deflationary and become rarer each transaction. It will make wLibero a scarcer token and we will use the tax to build wLibero liquidity, rewards Libero Land NFT users, rewards people swapping on the Libero DEX, etc. to grow and strengthen our ecosystem.
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 10:22:44]:
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 10:23:27]: Of course not, wLibero:Libero ration is always greater than 1 and always increasing over time. Let me explain how.
When you wrap your LIBERO, the amount of wLIBERO you get is the amount of LIBERO divided by an Index
amount WLIBERO = amount LIBERO / Index
That Index is calculated by our algorithm to make sure that it grows each and every rebase. So when you unwrap your WLIBERO the token amount you receive will be equal to the original amount of LIBERO PLUS the rebase amount you received as if you did not wrap your tokens.
Over time that Index is increased, so amount of LIBERO = amount of WLIBERO * Index will also be increased
Take an example: You wrap 100 Libero today, at the index of 100 brings you 1 wLibero. Tomorrow, when you unwrap your WLIBERO, the amount of LIBERO you get is amount of wLIBERO * index. But tomorrow the index is not 100 anymore, it is 102 because the rebase rewards you 2% a day, so the Index is increased 2% accordingly. So, 1 wLIBERO at the index of 102 brings you 1 * 102 = 102 LIBERO.
You can see that when you unwrap your WLIBERO, the amount of LIBERO you receive = 102 = original amount + rebase amount
That's roughly how the mechanism works.
How will you benefit from wLIBERO? Because wLIBERO amount is not increased, wLIBERO can be used for Yield-farming, Lending and Borrowing and receive staking rewards while still receiving their rebases rewards. wLIBERO price is increased while its amount is still the same. This is a game-changer feature and will facilitate a massive adoption of WLIBERO everywhere it can, such as to put it into a VISA card, and specially bring it to CEX like Binance to reach millions of investors, while LIBERO cannot be there because CEX or VISA cannot handle rebase token.
Libero Leo 🗽🗽🗽, [Apr 5, 2022 at 10:38:15]: And most specially, wLIBERO enables us to make a special kind of NFT where rewards are in wLIBERO, and the wLIBERO rewards have LIBERO reward inside. This double rewards effect will make wLIBERO NFT much more attractive and drive up massive demand.
gízєm 💎 (nєvєr dm чσu fírѕt), [Apr 5, 2022 at 10:40:58]: Thank you very much for this Awesome AMA Leo. We will be looking forward for your future Interactions in announcements 😀