Previously, we have spoken about why we believe the world needs censorship-resistant platforms for sharing content freely, and how we are utilising the blockchain to enable free-speech.
Today we would like to take a closer look at the Libertas ecosystem, and the utility of our token within.
Initially we created the LIBERTAS token to secure immutability of the data within our platform, however in recent weeks we have been exploring additional avenues of rewarding token holders as well as our early supporters.
A quick reminder of our token distribution model:
With this model we have attempted to provide our token a fair launch into the market, while maintaining 20% of the supply within the ecosystem to incentivise the team and its expansion, business development and growth initiatives as well as providing liquidity to achieve long-term development of the ecosystem.
We have launched the token with an initial supply of 100m, team tokens (10%) being distributed over time under a lockup giving us 10% of the supply to be used for our marketing and business development efforts.
A large portion of our supply is freely available on the market for anyone who wishes to support the project from its early days, giving its supporters a large upside potential. This also makes us fully self-funded, independent of any VCs with full focus on our community and product.
In order to achieve sustainable growth and price increase of the token and therefore reward its long-term holders, we have decided to implement a 1% token burn on every transaction conducted within the ecosystem. This mechanism will ensure that the circulating supply of the tokens will decrease overtime.
In addition to deflationary mechanics, every transaction within the ecosystem directly supporting the content creators through donations, subscriptions or pay-per-view models, will have its revenue (9% of the transaction amount) split equally between the development fund and the top-100 token…