LIBRACOL

About LIBRAPROTOCOL

LIBRAPROTOCOL will join a small number of other digital currency projects that have a token burning program in place. This means that periodically, the team at LIBRAPROTOCOL will remove a pre-defined number of tokens from the total supply.

This follows a somewhat similar principle to a conventional stock buy-back program, insofar that the respective company will purchase its own shares to reduce the overall circulating supply. This typically has the desired effect of increasing the value of the stocks in question – as there is a lower supply of shares in the open marketplace.

In the case of LIBRAPROTOCOL, the team behind the project will execute a manual token burning policy that is democratic. That is to say, the LIBRAPROTOCOL community will have a direct say in when tokens should be burnt. This decision- making process will be achieved in a fair and transparent way – not least because the proposal will be voted on by token holders.

Features

We understand that liquidity is crucial in any trading environment. By definition, decentralized liquidity is simply the accessibility of tokens operated and controlled by a smart contract--hosted by a decentralized exchange.

Historically, market makers have been used to provide a service for buyers and sellers on traditional order book exchanges for a better user experience.

The main function of these market maker services was to fill buy and sell orders promptly and reduce overall market volatility caused by large orders.

However, traditional order books have long been outdated by newer technology, and have been replaced by liquidity pools in a decentralized venue.

Just as market makers are compensated for providing a service in the order book environment, proper incentives for adding liquidity are a key factor in any decentralized environment.

Problems arise when the liquidity pool provider loses the incentive to add tokens into the pool, which occurs after the token pair is subjected to impermanent loss resulting from arbitrage.

 

Technical Info

The Libraprotocol network has a Token Design (LIBRACOL). The LIBRACOL token is the governance token for the Libraprotocol protocol. The LIBRACOL offer is set at 21 Trillon and will never increase and 47% of the tokens have been burnt. 

Token Details
Token Name : LIBRAPROTOCOL Symbol : LIBRACOL
Launch Date : May 15, 2022
Blockchain : BSC
Total Supply : 21 000 000 000 000
Burn : 9,870,000,000,000