Introducing Staking

Libertas Project
2 min readJan 25, 2021

After listening to our community and after careful consideration, we have decided to implement slight changes to our tokenomics model.

As you may recall, we wanted to reward the top 100 Libertas holders with a proportional share of 4.5% of all the tips sent through our platform. This would of course greatly reward our early adopters, but would potentially discourage newcomers from purchasing Libertas in hopes of getting rewards.

Given that we are interested in the healthy growth and sustainability of our economic model, we decided to introduce staking. Every holder who chooses to stake, will be able to receive a proportional share of 4.5% of all the tips sent through our platform.

Along with our deflationary mechanics, we believe the new model will benefit the platform as well as anyone holding Libertas, immensely.

Our estimated time of delivery remains unchanged. We are working hard to bring staking along with tipping in Q1 2021. Our next release will also come packed with several additional updates.

In the near future we will be announcing details of our testing phase, in which community members who choose to opt in, will be sent test tokens on the Kovan testnet so they can participate.

Our staking and tipping contract code will be made public on our GitHub Repo:

Libertas Project

Libertas is a decentralized audio and podcast streaming service built on the Ethereum Blockchain.

Recommended from Medium


See more recommendations