Libre x Satoshi Club AMA Recap from 25th of October.

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Libre and our guests were @libredefijulian and @LibreJosh. The AMA took place on 25 October.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram community

Gold Rocket | Satoshi Club: Greetings, dear Satoshi Club community! We are pleased to announce AMA with Libre!

Today our guests are @libredefijulian @LibreJosh 😊

Jonah 🏅🎹 | Satoshi Club: Hello Guys welcome to Satoshi Club

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Hi everyone! Happy to be here!

Josh: Hello all!

Gold Rocket | Satoshi Club: Hi guys😊 nice to e-meet you and welcome to Satoshi Club ❤️

Josh: Thanks for having us, glad to be here!

Gold Rocket | Satoshi Club: How are you doing?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Doing great! Really great to see the community you all have here

Gold Rocket | Satoshi Club: We are really excited about upcoming AMA with you 😊🔥

Let’s start! Introduce yourself please. How did you get to be involved in crypto & Libre.

Tell us please about your position in Libre

Josh: Hey everyone, we are the founders of Libre DeFi. Julian and I are crypto/blockchain/web3 enthusiasts, traders and strong proponents of crypto and decentralized finance and we’ve been in this space since 2015.

Julian (CEO) has 8+ years in senior management positions for some of the largest tech startups in Toronto. Lead of Business Development at TUIO, one of North America’s leading Education based payment platforms.

Josh (COO) has over ten years of experience as a web designer and front-end developer. He was the manager of marketing technologies at one of the leading reputation management companies in North America.

Gold Rocket | Satoshi Club: Btw we would like to know more about your team. Who is on the project team core?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): After myself and Josh, we have two public Core developers, Ray and Danny, both have been in the blockchain space for 5+ years and have working on any crypto projects. We also have a team of 4 Devs that work behind the scenes as well as community marketing members

Gold Rocket | Satoshi Club: great background for starting a good business👏

Is your team anonymous?

Jonah 🏅🎹 | Satoshi Club: Great.. I believe you have sufficient members for the stage you are now

Julian Alexander (This is my ONLY account, will NEVER DM YOU): For sure! We’re always adding new team members as we scale and grow the business

Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of Libre?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Josh and I realized really early on in the DeFi boom that there was a significant barrier to entry for new users. Even though Defi has so many amazing things to offer, it can be difficult and cumbersome for people to get involved. For example, only 1% of Ethereum wallets interact with farming protocols, it’s very clear that the benefits of defi haven’t been fully realized by the masses yet. We’d like to change that. Our goal is to make the experience rewarding for our user base. That’s why we’ve created a one stop shop for all things defi. For example, we have single asset, one click farming, where users can enter high APY farms in under 20 seconds, with the click of a button and neve have to leave the Libre Dapp.

As we grow, we will be releasing a launchpad, NFT marketplace, Stablecoin and more!

Gold Rocket | Satoshi Club: you have really ambitious plans !!! 🔥

Thanks for great introduction, we have several questions which were selected for the 1st part. Ready to start?

Josh: Yes Lets start!

Q1 from Telegram User @chinyere2020

One of the major problems of most yield farming opportunities is that users are required to undergo multiple steps when depositing assets to generate yield. How does the Libre ecosystem solve this problem? Can users their LPs at any time or only at specific times? What are the advantages/benefits that users of Libre yield farming enjoy?

Josh: Libre users will be able to enter farms much more easily and also earn more easily. Our one-click farms allow users to enter using only a sinlge base asset such as BNB, our protocol then takes care of sourcing the secondary asset, wrapping the LP and depositing it and also auto-compounding it so that you reap full rewards. Libre rewards are also important in the long term because we eventually will allow users to stake Libre to earn USDL – our stablecoin.

They can also withdrawl from our farms at any time.

Julian Alexander (This is my ONLY account, will NEVER DM YOU): https://libredefi.medium.com/what-the-heck-is-a-liquidity-claw-anyway-c3187a7f49d2

Here is a good article on our Farming and Liquidity claw as well. I recommend taking a look!

Gold Rocket | Satoshi Club: Thanks for sharing and clarification👏

Jonah 🏅🎹 | Satoshi Club: Will there be a fixed fee for doing so?

Josh: There is a 2% performance fee on all deposits, this is implemented because of all of the features that our protocol does on behalf of the user similar to how Beefy finance operates.

Jonah 🏅🎹 | Satoshi Club: Does this fee also apply to withdrawals?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Nope! No withdrawal fees on the farms

Jonah 🏅🎹 | Satoshi Club: Awesome

Gold Rocket | Satoshi Club: Sounds great 👍

by the way please share with us your roadmap.

Julian Alexander (This is my ONLY account, will NEVER DM YOU): https://www.docs.libredefi.io/roadmap

Here is our roadmap for the remainder of this year and first part of 2022! We have tons in the works that we still haven’t released yet. But I’ll drop some alpha for what you can expect later next year- it involves a crypto credit card, as well as our very own play to earn Libre game

Gold Rocket | Satoshi Club: Thanks for your great answers! Ready to proceed to the next question or want to add something?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Let’s proceed!

Q2 from Telegram User @chinyere2020

-According to your tokenomics, 19% of the total supply is allocated to private sale while 2% is allocated to public sale. When will both of them take place. Will the price per token during the private and public sale different? Will there be a maximum number of tokens that a user can acquire during your private sale(to avoid whales)?

–Users can earn $USDL(Libre Stablecoin) by staking Libre tokens. Will the amount of $USDL earned be fixed? What can $USDL be used for by its holders?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Our private sale is complete already, you can have a look on our website for the investors that were involved in our Seed and Private rounds. The public sale will take place within the next 2 weeks on Polystarter, LaunchX and Avaxlauncher. For the prices of the seed it was 0.08, private sale was 0.105 and public sale will be 0.13

Josh: Our stablecoin USDL will always be collateralized by the amount in our tresury at a 1:1 ratio. Eventually, Libre plans to have a marketplace where users can purchase gift cards and real world goods and that is the ultimate goal of our stablecoin.

Julian Alexander (This is my ONLY account, will NEVER DM YOU): The goal is to allow our users to earn passive income (USDL) and use that income to purchase real world goods

Gold Rocket | Satoshi Club: it looks very promising

Thanks for your answers! Let’s proceed to the next question!

Q3 from Telegram User @Pavel_Jarosh

One of the main focuses of LIBRE is to provide a safe and easily accessible platform for new investors. That’s why you are putting an enormous amount of resources towards educational based content creation in the form of videos, step by step guides, as well as live streams and live support directly from your website. Please expand on if the content is available for Libre users only or the inteterested can also have an access before starting their journey with Libre?

Gold Rocket | Satoshi Club: [ 🚀 Sticker ]

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Great question! Our main focus is educating new users via different mediums. Originally our goal was to have this content ready for launch, but we focused more on making sure we had a useable platform ready for our users on day one instead. So a lot of our efforts to build out our educational content will resume in Q1 of 2022

Josh: We also plan to have a fiat to crypto on and off ramps and other features that will benefit new users and should hopefully coincide with the addition of these educational resources.

Jonah 🏅🎹 | Satoshi Club: Exciting, what Fiat currencies are you looking at starting with?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Users will be able to buy crypto with their bank accounts and credit cards from whatever country they are from (there will be some limitiations depending on where users are located based on regulations)

Jonah 🏅🎹 | Satoshi Club: Great.. I smell a lot of regulatory compliance procedures here 😁

Do you already have any regulatory plan in mind?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): We’re costantly working with our legal and accounting team to make sure we are fully compliant!

that’s an important aspect for us

Q4 from Telegram User @Cheriemike

The Libre team aims to give back to the world by making charity donations and the community can vote on which one they would like to send the team to donate to.My question is,will there be a kind of some charities organizations Libre team will list out and make a poll for it’s community to vote on which organization you will make donations to?Can you tell us which charity organizations will the team focus on supporting?What will be the percentage allocated to charity after the community have made their votes?And to what extent will this fund reach these charity organizations since you aim to make the world a better place?Can the community also show their support by willfully making charity donations? Thanks

Julian Alexander (This is my ONLY account, will NEVER DM YOU): The Libre team will propose a list of charities that all of our holders can vote on. Since we are a governance token, only Libre holders will be able to vote on the charities we work with. A big focus of ours is inclusion and diversity in terms of the types of charities we aim to work with. There will be a small portion of all the trading fees generated via LibreSwap that go to funding the charities we work with

Josh: Currently we have partnered with Eden Reforestation Project for example, which is a great initiative and you can learn more on their site as well. Also, 100% of proceeds willl go to these charities in the end

Jonah 🏅🎹 | Satoshi Club: So how do you come up with the list?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Most of the list will come from charities that work with The Giving Block since they are already set up for crypto donations

Jonah 🏅🎹 | Satoshi Club: Oh I get it

Gold Rocket | Satoshi Club: Please tell us how secure your platform is for users.

have you conducted any hackathons or audits?

Josh: Curerntly, Libre has done an audit with Nonce Audits and we are also finalizing an audit with Certik at the moment which is almost done. And we are also part of their skynet 24/7 smart contract monitoring. We also will have timelocks on our farming contracts, which add another layer of security.

Gold Rocket | Satoshi Club: Thank you very much for your responsible approach to this important issue.

Q5 from Telegram user @Ask4Unik

You said users will be able to mint LIBRE NFTs,as well as NFTs from various partners in order to boost their LP pairs,also you’ll be partnering with various metaverse projects so users can participate in NFT easter egg hunt which will whitelist them to exclusive farm and staking pools.As an interested user,I will like to know who these partners are?Can you please list the various types of metaverse projects that can participated in NFT easter egg hunt?what kind of asset can a user stake? Thanks

Julian Alexander (This is my ONLY account, will NEVER DM YOU): We’ll be releasing details of the projects we will be partnering after we launch. The benefits for users who mint and secure NFTs through these easter egg huts will be pretty awesome. For example, certain NFTs will get you exclusive boosts on your APR in certain farms. Also there will be NFTs that whitelist users to exclusive farming pairs that only holders of those certain NFTs can partake in

Gold Rocket | Satoshi Club: are there any ready-made NFT, maybe you can show us something 😊🙏😍

Jonah 🏅🎹 | Satoshi Club: Is there details of how users can participate in this NFT Easter Egg Hunt?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Can’t release anything yet, but soon!

Josh: Not at the moment, but stay tuned!

Julian Alexander (This is my ONLY account, will NEVER DM YOU): We’ll be releasing more of those details towards the end of November

Jonah 🏅🎹 | Satoshi Club: Alright Do share with us when the details are out

Gold Rocket | Satoshi Club: don’t forget to share with Satoshi Clubbers🙏

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Of course we will!

Gold Rocket | Satoshi Club: Thanks for detailed answers ☺️

Ready for the next question?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): ready!

Q6 from Telegram user @DK177

You distribute staking rewards with $USDL and you have mentioned that $USDL holders can purchase real world goods and a variety of gift cards on the Libre Marketplace. As a buyer interested in online shopping, I would like to know more details on $USDL accepted marketplaces in addition to your own market. On the other hand, is it mandatory to hold $USDL to purchase goods on the Libre Marketplace? Don’t you have other payment options?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): We are currently in discussion with a Canadian based payment provider that has over 1000 retail merchants to be their first crypto payment method. Our marketplace will be tied into the retailers that they have on their roster. USDL will be an option as payment, but there will be other crypto options as well. The benefit of using USDL though is that it’s essentially free money that our users have earned from staking their LIBRE

Gold Rocket | Satoshi Club: Thanks for great answers 😃

It was amazing first part of AMA❤️

Julian Alexander (This is my ONLY account, will NEVER DM YOU): It was for sure!

Gold Rocket | Satoshi Club: Now get ready for the most impressive part of our AMA! live questions!!! 🔥🔥🔥 Do you want to share useful links to your social networks?

Julian Alexander (This is my ONLY account, will NEVER DM YOU):

t.me/libredefiofficial

t.me/libreannouncements

twitter.com/libredefi

Part 2 — live questions from the Telegram community

Q.1 from telegram username@Alixbella

🤑🤑Where can I get the Token at the moment it was listed? Can you give us the names of the exchanges where the $ LIBRE token was listed? How does the token work within the platform and what does it provide us? Can you simplify the entry into DeFi by creating an automated single asset entry cultivation protocol? How would they achieve this goal? @libredefijulian @LibreJosh

Josh: The token will be available on pancakeswap/quickswap/trade joe and also a CEX. There are many use cases for the token on the platform which we have covered earlier such as our one-click yield farming, our stablecoin, marketplace etc.

Q2. from telegram username @Dino916

You said that next Bull Run will be Precipitated by adoption across polygon and BSC networks,

What is the main reason that You think so?

Julian Alexander (This is my ONLY account, will NEVER DM YOU)]: Great question! We believe that retail users will be flocking to networks such as BSC, Avax and Polygon mostly because of the low cost and speed of transactions. It’s really difficult to convince new Defi users to pay excessive gas fees that come along with Ethereum based transactions. Yield generation as a whole is still very underutilized in crypto, and we feel that once there is more awareness from retails users of the benefits, there will be a massive rush to be involved in these protocols

Q3. from telegram username @Rakshhitx5

I read Libre have four partners Marsh capital, Magnus capital, LaunchX and Engage. So can you tell us what are their role in Libre? How they will contribute to the growth of Libre?

Josh: These partners have deep connections within the industry and can help us accelerate our project development more easily. They also connect us to other KOLs within this space and provide a ton of insight as they have incubated hundred of other successful projects.

Q4. from telegram username @cryptoflower13

🌼 You mention that users will be able to connect their wallet to Libre Daap and buy cryptocurrencies with their credit card or bank account, is there any kind of limitation for users on this? Is it restricted for some countries? What types of bank accounts do you accept?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): There will be limitiations for certain countries based on regulations that those countries have in place. Users will be able to use a variety of credit cards and direct bank payments as well

Q5. from telegram username @jirencrypto

When will the launch of Libre take place? How long will we have to wait after the launch of your token before we can start farming and betting on your platform?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Our launch is scheduled for beggining of November. Our platform will be live on DAY ONE. so users can stake and farm immediately after launch

Q6. from telegram username @Xusuo

what are the meaning of “LIBRE” for your project name, where do you get the name ? is there any special or unique meaning from that name ? thanks

Josh: Libre means “free, having liberty”, which aligns perfectly with the decentralized and web3 movement to move away from traditional banking and centralization.

Q7. from telegram username @centoscu

What are the wallets to connect and use Libre project, which wallets can I use? Is it only for metamask because I have trust wallet. Can I use my trust wallet?

Julian Alexander (This is my ONLY account, will NEVER DM YOU)]: To start we will be using Metamask and Trust Wallet

Q8. from telegram username @maybe33

Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.

Julian Alexander (This is my ONLY account, will NEVER DM YOU)]: Great question. Our goal for Libre is to be around for this bull run, and however many bull runs come after it. We have a 5 year plan and our mantra is “just keep building.” Lot’s of projects fall short because of the lack of utility they bring, our goal is to adapt with whatever the market trends bring our way and constantly provide value for our users

Q.9 from telegram username @MdLuffyo

How important is innovation for the Libre team and keeping up with the trends in the market, what are you doing to improve Libre? Can people use Libre easily, how simple is Libre’s interface, do you think? Can we do what I want in Libre with “One Click”?

Josh: Innovation is extremely important and it’s something we plan to continually strive for. We are an agile team and are always willing to pivot as the market changes and progresses. Our interface, we believe is very user-friendl;y and sleek and automates a lot of the proceesses other UI’s don’t which is great for an end user.

Q10. from telegram username @Karry1999

Is LIBRE Will be a Multi Chain Platform If yes , Can you tell me Which chains are you planning to Integrate Initially ?

Julian Alexander (This is my ONLY account, will NEVER DM YOU): Being Cross chain is something we beleive strongly in. When we launch we will be available on Avalanche, Binance smart chain, Polygon. We will be launching on Solana, Fantom and Etheruem in the near future