Next steps for Libero
Dear Libero users,
We greatly value your opinion and would like to gather your feedback on the next steps for Libero. We have outlined three options below, and we would appreciate it if you could share your thoughts on which direction to take.
1. Maintain the status quo and wait for an opportune moment
This option involves keeping Libero as it is and waiting for a favorable market condition or opportunity to arise.
2. Launch a KOL token conversion
We understand your interest in launching a KOL token and then convert Libero to KOL. While this option holds promise and focuses on the development of the project, we would like to bring to your attention the current market uncertainties. Considering the circumstances, the chances of a successful presale and significant KOL growth are currently low. Therefore, we believe that it may not be the ideal time to proceed with the launch of a KOL token.
If you still wish to pursue this option, we will postpone the launch until a more favorable time in the future. We want to ensure the best possible outcome for the project and its stakeholders, and we will carefully assess market conditions before proceeding with the KOL token conversion.
3. Migrate Libero to Libera
The Libera token has demonstrated its strength and offers a clear model. Libera is now going multichain and transforming into a high APR farming token with a 1% burn on every transaction. This opens up new opportunities for earning significant returns. You can maximize your earnings by auto-compounding your tokens in Libera Vaults or simply hold Libera to benefit from passive income generated by every LIBERA transaction (at Libera Bank on BNB chain and in your wallet on the other chains)
With a substantial liquidity pool of $3.17 million on a $22 million market cap, Libera provides a solid price floor and stability. Even when faced with a recent sell-off, the price only experienced a modest decrease. This resilience enables Libera holders to earn more passive income from transaction taxes.
By migrating from Libero to Libera, you will enjoy a more stable price and increased passive income from the larger volume of Libera transactions. Different from a new token KOL conversion, the conversion from Libero to Libera will be conducted at an equivalent value WITHOUT any tax implications. Additionally, Libero Bank will also be converted to Libera Bank, ensuring a seamless transition for all holders.
If the vote passes, Libero liquidity will also migrate to Libera’s, and the $Libera price will not be affected.
🗳🗳🗳
To ensure fairness, we will conduct a voting process over 1 month based on your xLibero holdings, 1 xLibero = 1 vote. This will give all long-term holders, including those who may not frequently access our channels, an opportunity to be aware of this announcement and participate in the vote.
Your opinion matters to us, and we look forward to hearing your preference. Please take the time to vote and share any additional thoughts or suggestions you may have on our Telegram Group.
Please cast your vote here: https://snapshot.org/#/liberofinancial.eth/proposal/0x45021efc008f4821a4de559f449f0b9f118127b37b7760c5dadc3da6313f312d
Thank you for your continued support.
