Libra LIBRA
LIBRA
0.0005185
$
3.65 %
Change 24h
Market Cap
$ 3,959,014
Volume 24h
$ 6994.6
Circulating Supply
7,649,685,061
Total Supply
100,000,000,000
LIBRA
$
# | Exchange | Pair | Price | Volume 24h |
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Description
Forked from Facebook Libra codebase back in 2020, the "Open Libra" project presents a "liberated Libra". On top of the best-in-class Diem technology, a community of creators and entrepreneurs assembled to have a regulatory-pure, community owned, community driven, egalitarian coin.
The project saw the Mainnet genesis back in October 2021, and recently (December 23') went through a major upgrade that integrated recent technical developments introduced to the diem core code mostly by the Aptos team.
On top of the technical substrate, the community introduced a set of "policies" that define the economical mechanism design of the community. That includes a first-ever implementation of a novel concept called Proof-of-Fee to include validators in the validation set in a fair, permissionless and inclusive manner.
The project launched in a fair launch, no investors, no VCs, no pre-mined coins. Purely an exercise in meritocratic approach to economy.