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Hello,\nSatoshi clubbers! Another AMA took place in Satoshi Club and we would like to\nintroduce to you the AMA session with our friends from Libre and our guests\nwere @libredefijulian and @LibreJosh. The AMA took place on 25 October.<\/p>\n\n\n\n
The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In\nthis AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Gold\nRocket | Satoshi Club:<\/strong> Greetings, dear Satoshi Club\ncommunity! We are pleased to announce AMA with Libre!<\/p>\n\n\n\n Today our guests are @libredefijulian @LibreJosh 😊<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Hello Guys welcome to\nSatoshi Club<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nHi everyone! Happy to be here!<\/p>\n\n\n\n Josh:<\/strong>\nHello all!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Hi guys😊 nice to e-meet\nyou and welcome to Satoshi Club ❤️<\/p>\n\n\n\n Josh:<\/strong>\nThanks for having us, glad to be here!<\/p>\n\n\n\n Gold Rocket | Satoshi Clu<\/strong>b: How are you doing?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nDoing great! Really great to see the community you all have here<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> We are really excited about\nupcoming AMA with you 😊🔥<\/p>\n\n\n\n Let’s start! Introduce\nyourself please. How did you get to be involved in crypto & Libre.<\/p>\n\n\n\n Tell us please about\nyour position in Libre<\/p>\n\n\n\n Josh:<\/strong>\nHey everyone, we are the founders of Libre DeFi. Julian and I are\ncrypto\/blockchain\/web3 enthusiasts, traders and strong proponents of crypto and\ndecentralized finance and we’ve been in this space since 2015.<\/p>\n\n\n\n Julian (CEO) has 8+\nyears in senior management positions for some of the largest tech startups in\nToronto. Lead of Business Development at TUIO, one of North America’s leading\nEducation based payment platforms. <\/p>\n\n\n\n Josh (COO) has over ten\nyears of experience as a web designer and front-end developer. He was the\nmanager of marketing technologies at one of the leading reputation management\ncompanies in North America.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Btw we would like to know more\nabout your team. Who is on the project team core?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nAfter myself and Josh, we have two public Core developers, Ray and Danny, both\nhave been in the blockchain space for 5+ years and have working on any crypto\nprojects. We also have a team of 4 Devs that work behind the scenes as well as\ncommunity marketing members<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> great background for starting a\ngood business👏<\/p>\n\n\n\n Is your team anonymous?<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Great.. I believe you\nhave sufficient members for the stage you are now<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nFor sure! We\u2019re always adding new team members as we scale and grow the\nbusiness<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Give us a brief introduction to\nthe project. What is the essence of Libre?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nJosh and I realized really early on in the DeFi boom that there was a\nsignificant barrier to entry for new users. Even though Defi has so many\namazing things to offer, it can be difficult and cumbersome for people to get\ninvolved. For example, only 1% of Ethereum wallets interact with farming\nprotocols, it\u2019s very clear that the benefits of defi haven\u2019t been fully\nrealized by the masses yet. We\u2019d like to change that. Our goal is to make the\nexperience rewarding for our user base. That\u2019s why we\u2019ve created a one stop\nshop for all things defi. For example, we have single asset, one click farming,\nwhere users can enter high APY farms in under 20 seconds, with the click of a\nbutton and neve have to leave the Libre Dapp.<\/p>\n\n\n\n As we grow, we will be\nreleasing a launchpad, NFT marketplace, Stablecoin and more!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> you have really ambitious plans !!!\n🔥<\/p>\n\n\n\n Thanks for great\nintroduction, we have several questions which were selected for the 1st part.\nReady to start?<\/p>\n\n\n\n Josh:<\/strong>\nYes Lets start!<\/p>\n\n\n\n Q1 from Telegram User\n@chinyere2020<\/em><\/strong><\/p>\n\n\n\n One\nof the major problems of most yield farming opportunities is that users are\nrequired to undergo multiple steps when depositing assets to generate yield.\nHow does the Libre ecosystem solve this problem? Can users their LPs at any\ntime or only at specific times? What are the advantages\/benefits that users of\nLibre yield farming enjoy?<\/strong><\/p>\n\n\n\n Josh:<\/strong>\nLibre users will be able to enter farms much more easily and also earn more\neasily. Our one-click farms allow users to enter using only a sinlge base asset\nsuch as BNB, our protocol then takes care of sourcing the secondary asset,\nwrapping the LP and depositing it and also auto-compounding it so that you reap\nfull rewards. Libre rewards are also important in the long term because we\neventually will allow users to stake Libre to earn USDL – our stablecoin.<\/p>\n\n\n\n They can also withdrawl\nfrom our farms at any time.<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nhttps:\/\/libredefi.medium.com\/what-the-heck-is-a-liquidity-claw-anyway-c3187a7f49d2<\/a>\n<\/p>\n\n\n\n Here is a good article\non our Farming and Liquidity claw as well. I recommend taking a look!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thanks for sharing and\nclarification👏<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Will there be a fixed\nfee for doing so?<\/p>\n\n\n\n Josh:<\/strong>\nThere is a 2% performance fee on all deposits, this is implemented because of\nall of the features that our protocol does on behalf of the user similar to how\nBeefy finance operates.<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Does this fee also\napply to withdrawals?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nNope! No withdrawal fees on the farms<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Awesome<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Sounds great 👍<\/p>\n\n\n\n by the way please share\nwith us your roadmap.<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nhttps:\/\/www.docs.libredefi.io\/roadmap<\/a>\n<\/p>\n\n\n\n Here is our roadmap for\nthe remainder of this year and first part of 2022! We have tons in the works\nthat we still haven\u2019t released yet. But I\u2019ll drop some alpha for what you can\nexpect later next year- it involves a crypto credit card, as well as our very\nown play to earn Libre game<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thanks for your great answers!\nReady to proceed to the next question or want to add something?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nLet\u2019s proceed!<\/p>\n\n\n\n Q2 from Telegram User\n@chinyere2020<\/em><\/strong><\/p>\n\n\n\n -According\nto your tokenomics, 19% of the total supply is allocated to private sale while\n2% is allocated to public sale. When will both of them take place. Will the\nprice per token during the private and public sale different? Will there be a\nmaximum number of tokens that a user can acquire during your private sale(to\navoid whales)?<\/strong><\/p>\n\n\n\n –Users\ncan earn $USDL(Libre Stablecoin) by staking Libre tokens. Will the amount of\n$USDL earned be fixed? What can $USDL be used for by its holders?<\/strong><\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nOur private sale is complete already, you can have a look on our website for\nthe investors that were involved in our Seed and Private rounds. The public\nsale will take place within the next 2 weeks on Polystarter, LaunchX and\nAvaxlauncher. For the prices of the seed it was 0.08, private sale was 0.105\nand public sale will be 0.13<\/p>\n\n\n\n Josh:<\/strong>\nOur stablecoin USDL will always be collateralized by the amount in our tresury\nat a 1:1 ratio. Eventually, Libre plans to have a marketplace where users can\npurchase gift cards and real world goods and that is the ultimate goal of our\nstablecoin.<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nThe goal is to allow our users to earn passive income (USDL) and use that\nincome to purchase real world goods<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> it looks very promising<\/p>\n\n\n\n Thanks for your\nanswers! Let’s proceed to the next question!<\/p>\n\n\n\n Q3 from Telegram User\n@Pavel_Jarosh<\/em><\/strong><\/p>\n\n\n\n One\nof the main focuses of LIBRE is to provide a safe and easily accessible\nplatform for new investors. That\u2019s why you are putting an enormous amount of\nresources towards educational based content creation in the form of videos,\nstep by step guides, as well as live streams and live support directly from\nyour website. Please expand on if the content is available for Libre users only\nor the inteterested can also have an access before starting their journey with\nLibre?<\/strong><\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> [ 🚀 Sticker ]<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nGreat question! Our main focus is educating new users via different mediums.\nOriginally our goal was to have this content ready for launch, but we focused\nmore on making sure we had a useable platform ready for our users on day one\ninstead. So a lot of our efforts to build out our educational content will\nresume in Q1 of 2022<\/p>\n\n\n\n Josh:<\/strong>\nWe also plan to have a fiat to crypto on and off ramps and other features that\nwill benefit new users and should hopefully coincide with the addition of these\neducational resources.<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Exciting, what Fiat\ncurrencies are you looking at starting with?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nUsers will be able to buy crypto with their bank accounts and credit cards from\nwhatever country they are from (there will be some limitiations depending on\nwhere users are located based on regulations)<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Great.. I smell a lot\nof regulatory compliance procedures here 😁<\/p>\n\n\n\n Do you already have any\nregulatory plan in mind?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nWe\u2019re costantly working with our legal and accounting team to make sure we are\nfully compliant!<\/p>\n\n\n\n that\u2019s an important\naspect for us<\/p>\n\n\n\n Q4 from Telegram User\n@Cheriemike<\/em><\/strong><\/p>\n\n\n\n The\nLibre team aims to give back to the world by making charity donations and the\ncommunity can vote on which one they would like to send the team to donate\nto.My question is,will there be a kind of some charities organizations Libre\nteam will list out and make a poll for it\u2019s community to vote on which\norganization you will make donations to?Can you tell us which charity\norganizations will the team focus on supporting?What will be the percentage\nallocated to charity after the community have made their votes?And to what\nextent will this fund reach these charity organizations since you aim to make\nthe world a better place?Can the community also show their support by willfully\nmaking charity donations? Thanks<\/strong><\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nThe Libre team will propose a list of charities that all of our holders can\nvote on. Since we are a governance token, only Libre holders will be able to\nvote on the charities we work with. A big focus of ours is inclusion and diversity\nin terms of the types of charities we aim to work with. There will be a small\nportion of all the trading fees generated via LibreSwap that go to funding the\ncharities we work with<\/p>\n\n\n\n Josh:<\/strong>\nCurrently we have partnered with Eden Reforestation Project for example, which\nis a great initiative and you can learn more on their site as well. Also, 100%\nof proceeds willl go to these charities in the end<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> So how do you come up\nwith the list?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nMost of the list will come from charities that work with The Giving Block since\nthey are already set up for crypto donations<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Oh I get it<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Please tell us how secure your\nplatform is for users.<\/p>\n\n\n\n have you conducted any\nhackathons or audits?<\/p>\n\n\n\n Josh:<\/strong>\nCurerntly, Libre has done an audit with Nonce Audits and we are also finalizing\nan audit with Certik at the moment which is almost done. And we are also part\nof their skynet 24\/7 smart contract monitoring. We also will have timelocks on\nour farming contracts, which add another layer of security.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thank you very much for your\nresponsible approach to this important issue.<\/p>\n\n\n\n Q5 from Telegram user\n@Ask4Unik<\/em><\/strong><\/p>\n\n\n\n You\nsaid users will be able to mint LIBRE NFTs,as well as NFTs from various\npartners in order to boost their LP pairs,also you\u2019ll be partnering with\nvarious metaverse projects so users can participate in NFT easter egg hunt\nwhich will whitelist them to exclusive farm and staking pools.As an interested\nuser,I will like to know who these partners are?Can you please list the various\ntypes of metaverse projects that can participated in NFT easter egg hunt?what\nkind of asset can a user stake? Thanks<\/strong><\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nWe\u2019ll be releasing details of the projects we will be partnering after we\nlaunch. The benefits for users who mint and secure NFTs through these easter\negg huts will be pretty awesome. For example, certain NFTs will get you\nexclusive boosts on your APR in certain farms. Also there will be NFTs that\nwhitelist users to exclusive farming pairs that only holders of those certain\nNFTs can partake in<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> are there any ready-made NFT,\nmaybe you can show us something 😊🙏😍<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Is there details of\nhow users can participate in this NFT Easter Egg Hunt?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nCan\u2019t release anything yet, but soon!<\/p>\n\n\n\n Josh:<\/strong>\nNot at the moment, but stay tuned!<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU): <\/strong>We\u2019ll\nbe releasing more of those details towards the end of November<\/p>\n\n\n\n Jonah\n🏅🎹 | Satoshi Club:<\/strong> Alright Do share with\nus when the details are out<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> don’t forget to share with Satoshi\nClubbers🙏<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nOf course we will!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thanks for detailed answers ☺️<\/p>\n\n\n\n Ready for the next\nquestion?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nready!<\/p>\n\n\n\n Q6 from Telegram user\n@DK177<\/em><\/strong><\/p>\n\n\n\n You\ndistribute staking rewards with $USDL and you have mentioned that $USDL holders\ncan purchase real world goods and a variety of gift cards on the Libre\nMarketplace. As a buyer interested in online shopping, I would like to know more\ndetails on $USDL accepted marketplaces in addition to your own market. On the\nother hand, is it mandatory to hold $USDL to purchase goods on the Libre\nMarketplace? Don\u2019t you have other payment options?<\/strong><\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nWe are currently in discussion with a Canadian based payment provider that has\nover 1000 retail merchants to be their first \ncrypto payment method. Our marketplace will be tied into the retailers\nthat they have on their roster. USDL will be an option as payment, but there\nwill be other crypto options as well. The benefit of using USDL though is that\nit\u2019s essentially free money that our users have earned from staking their LIBRE<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thanks for great answers 😃<\/p>\n\n\n\n It was amazing first\npart of AMA❤️<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong>\nIt was for sure!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Now get ready for the most\nimpressive part of our AMA! live questions!!! 🔥🔥🔥 Do\nyou want to share useful links to your social networks?<\/p>\n\n\n\n Julian\nAlexander (This is my ONLY account, will NEVER DM YOU):<\/strong><\/p>\n\n\n\n t.me\/libredefiofficial\u00a0 <\/a><\/p>\n\n\n\n