Ticker: LIBRACOL
Type: Token
Company: Libraprotocol
Contract: 
Total: 11 130 000 000 000
Max: 11 130 000 000 000
Online
“Decentralized finance is made possible by using decentralized exchanges in collaboration with liquidity pool smart contracts. For any token on the smart chain to have an availability to be swapped on a decentralized exchange, it must have an available liquidity pool of tokens for swapping.
The challenge remains on how to properly incentivize users to keep such liquidity pools maintained.
Recognizing this, developers have attempted to satisfy these conditions by using various tokenomic structures with incentives for the user to supply liquidity into the pools. An automatic liquidity acquisition can be featured as an alternative solution compared against the traditional “farming reward” structure.
An automatic liquidity acquisition function where users are offered rewards (via reflection) in lieu of traditional farming rewards. These reflections would act to distribute tokens proportional to volume, and could thus provide a more reasonable incentive for holding. Although reflection and automatic liquidity acquisition may contribute to stability, an inherent burn which can achieve token scarcity with a depreciating token supply.
The combination of these tokenomics seeks to eliminate the flaws of various predecessors, while providing useful incentives for use case and adoption. Effectively, any application that is added with these smart contract functions could have the effect of amplifying LibraProtocol’s tokenomics.
LibraProtocol is designed to have three main components:
-The first is the “reflection” where LibraProtocol transactions are charged a fee which is distributed among the token holders.
-The second is a commission levied on transactions that will be allocated to various pools of liquidity on Pancake Swap and other platforms.
-The third component is a token burn that occurs with every transaction taxed a 10% fee split in two ways.
5% goes to thinking rewards and 5% goes to cash pools. 2.5% of the 5% sent to the liquidity pools is converted to Binance Coin (BNB) to ensure the liquidity of the LibraProtocol and Binance Coin pair.
Some token burns will be done manually by the team.”
| Total Commits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Branches | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Releases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Watchers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Advertise
Stay in the loop. Subscribe for updates.
Subscribe for updates.
Recent posts:
Tips On How To Research And Choose A Trustworthy Bitcoin Mixer
Master the art of choosing a trustworthy Bitcoin mixer through this detailed guide. Delve into researching mixers with proven track records, reading user reviews, analyzing privacy policies, and assessing anonymity features. Uncover the advantages of CoinJoin-powered mixers for secure transactions.
The Evolution of Cryptocurrencies: A Brief History
This article explores the evolution of cryptocurrencies since the invention of Bitcoin in 2009 up to the present day. It explains how cryptocurrencies are built on blockchain technology and examines altcoins, regulation, institutional adoption, DeFi, and NFTs. The article also discusses the challenges facing the cryptocurrency market, such as scalability and regulation, and the potential future of cryptocurrencies. Despite these difficulties, cryptocurrencies have a promising future, with the acceptance of cryptocurrencies as a valid payment method continuing to grow.
Construction Giant XCMG Chooses Conflux for NFTs and Future Global Blockchain Applications
Construction equipment manufacturer XCMG has partnered with blockchain platform Conflux and Singapore-based fintech firm Zen Spark Technology to explore new use cases for blockchain and Web3 technology in the global market. The partnership will leverage the strengths of each company to develop innovative solutions for traditional industries. XCMG also announced its entry into Web3 by revealing a Bored Ape Yacht Club NFT as the brand’s Metaverse Ambassador and plans to issue its first NFT collection for overseas markets with Conflux.
The Crypto Trading Bot Launched by ATPBot Can Be Called the ChatGPT of AI-Trading Bot
ATPBot’s AI-trading bot is the first of its kind, utilizing AI technology to provide efficient and stable trading strategies for crypto investors. Similar to ChatGPT’s capabilities, ATPBot uses data and algorithms to reduce emotional interference and human error in the trading process. ATPBot boasts unique advantages compared to other trading bots in the market, including extensively tested and verified trading strategies and a professional management team. Join the ATPBot community today to enhance your investment experience.
Best Ways To Convert Crypto To Cash in 2023
The article explains how the cryptocurrency market has bounced back in 2023 after a tumultuous year in 2022. It also provides guidance on how to convert cryptocurrency to cash, including using exchanges like Coinbase or Binance, finding a buyer through services like Paxful or LocalBitcoins, and keeping accurate records for tax reporting. The article also suggests that Hodling may be the best option for long-term gains.
Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures
Narwhal Finance announces a $1M seed funding round led by Animoca Ventures to become the #1 decentralized cross-market trading platform, offering leveraged trading with copy trading function and full transparency. The platform aims to provide an exceptional decentralized leveraged trading experience accessible to all.
Winz.io Nominated for Multiple Prestigious Gambling Awards
Winz.io, an online casino and sportsbook, has received multiple nominations for prestigious gambling awards, recognizing its outstanding performance in the past year. The casino has been nominated for Best Casino 2022 by Casinomeister and The Most Transparent Casino by Casino Guru, among others.
Virtual Duo Babka and Nushi Honor Game Developers Worldwide at GDC
Babka and Nushi are virtual influencers from the future who have traveled back to GDC 2023 to meet their favorite game creators, #LivingLegends. At the event, game-makers of all sizes will have the chance to share the limelight and promote their games on stage, live stream, and on social media. Follow Babka and Nushi on Twitter and Instagram and join in the celebration of the global games industry’s creativity!
Submit your Guest Post / Press Release
Contact
