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Libereco Network

This app introduces the Libereco network.

Libereco network

The Libereco network is a cryptocurrency network designed to address the pressing issues of scalability, security, and privacy in the blockchain space. By leveraging an effective consensus mechanism, robust governance structures, and advanced cryptographic techniques, the Libereco network aims to create a decentralized, efficient, and secure financial ecosystem.

It uses a decentralized autonomous organization (DAO) to govern the network and its blockchain, ensuring community-driven decision-making.

The network consists of a single blockchain: Libereco. The Libereco network currently operates as a private network and is used for ecosystem enhancement and testing by users. In the future the network will be accompanied by the entire ecosystem leveraging cuting-edge technologies. The Libereco ecosystem will include a non-custodial wallet and many modern, attractive and decentralised blockchain solutions.

Libereco (LBRC) is a native coin for the Libereco blockchain. LBRC is a store of value and medium of exchange enabling cheap and fast transactions. LBRC use cases include: (1) a gas coin used to pay transaction fee, (2) a governance coin enabling voting on Libereco DAO proposals, and (3) a staking coin. In addition, it is a staking reserve coin for A coins (anchored coins).

Simpleco (SMPLC) is a coin also runnig on the Libereco blockchain. SMPLC is a store of value and medium of exchange enabling cheap and fast transactions. SMPLC use cases include: (1) a gas coin, and (2) a staking coin.

Ombrelo (OMBRL) is one another coin running on the Libereco blockchain. OMBRL is a store of value and medium of exchange enabling cheap and fast transactions. OMBRL use cases are: (1) a staking coin, and (2) governance coin for the Umbrellapps portal. OMBRL is distributed for free to Umbrellapps account holders.

Svingi (SVNG) is a meme coin running on the Libereco blockchain. SVNG is a store of value and medium of exchange enabling cheap and fast transactions. SVNG use case is a staking coin.

A coins (Anchored Coins): The A coins running on the Libereco blockchain: (1) BTCA, (2) ETHA, (3) BNBA, (4) TRXA, (5) GOLDA, (6) SOLA, (7) ADAA, (8) AVAXA, (9) DOGEA, (10) DOTA, (11) MATICA, (12) LTCA, (15) ATOMA, and (14) XMRA. The A coins are anchored to their reference coins, e.g. BTCA is anchored to BTC etc. The A coins are store of value and medium of exchange enabling cheap and fast transactions. The A coins use case is a staking coin on the Libereco blockchain. The price anchoring mechanism for the A coins includes five elements: (1) a minimized total supply, (2) a backing reserve, (3) a staking reserve, (4) an in-built incentive to hold the A coins in small amounts, and (5) an in-built incentive to hold the A coins in the short-term. Currently Libereco blockchain addresses have in-built maximum limits for A coins, for example 0.00003000 BTCA or 0.00500000 ETHA.

Further details such as network architecture, addresses, consensus mechanism, monetary policy, incentives, governance, wallet, security, and privacy will be soon publicly available.

As for now you can collect free coins (e.g. via crypto giveway app) and enjoy using or testing the Libereco network (e.g. via Saketo wallet available under the Earn platform.