Transparency Report
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With recent price increases in the cryptocurrency markets, we have been considering opportunities to leverage our funds for the growth of our project. Our liquidity fund has more than tripled in the recent months and has generated well over $2,500 in fees.
Our current token distribution is:
The majority of the tokens is held by the community, 18% is currently reserved and will be re-distributed to the community in the future (through new CEX listings, OTC and/or collaborations). The team currently holds 10% of the supply while we maintain a 5% Marketing budget in Libertas tokens. In order to avoid selling these, we have decided to remove 10% of our current liquidity for the foreseeable expansions of our ecosystem. The Libertas tokens that will be removed from the liquidity will be repurposed for the launch of our tipping functionality, and the ETH removed will be used to cover marketing expenses. This way we will avoid liquidating any of our tokens on the market and continue to commit to providing over $295k of liquidity on Uniswap.
This approach will also remove a portion of the Libertas supply in the open market available to be purchased.
Soon, we will be announcing the launch of our tipping functionality and how we are aiming to incentivise users to send tips in the initial days.
We would like to take this opportunity to remind our community that you can begin uploading your content, and when the tipping functionality is live you will have the edge as you will be ready to receive tips immediately.
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