Bringing stability to the Meme Realm
LIBRA is not just another meme coin, it’s a project rooted in both community-driven innovation and a commitment to creating a sustainable future. By leveraging our pairing with DCD, which creates correlation to BTC and ETH, LIBRA brings much-needed stability to the Cardano meme world while still embracing the fun and lighthearted nature of meme culture.
Tokenomics
75% Distributed to the Community via Snek.fun (with 25% Paired with ALL ADA received from Snek.fun in a Splash Pool and BURNT)
25% Paired with DCD in a Minswap Pool
How we achieve stability and why pair with DCD
Unlike other meme coins that rely solely on hype, LIBRA’s foundation is built for long-term growth. Some of it is paired with DCD, a token that has been launched since December 2023 and is paired with BTC and ETH from Wanchain, SHEN and ADA.
Over the last 9 months DCD has shown to be very stable and to have an upward tendency when it comes to price appreciation over the long term – the majority of the Top Cardano Native tokens cannot say this. This stability arises from DCD’s correlation with BTC and ETH, indicating that diversifying across three assets (ADA, BTC, and ETH) is preferable to relying solely on ADA in the long term.
The DCD pools can be found on Minswap, and the token has demonstrated remarkable price stability, giving LIBRA a unique edge in the meme coin space. While other meme coins can be volatile, LIBRA’s ties to multiple assets ensure that our community has a solid and reliable foundation for the future.
Roadmap
Our Approach: Community-Driven, No False Promises.
At LIBRA, we believe in transparency and the power of community. We won’t make outlandish promises or guarantee moonshots overnight — our success will depend on the strength of our community. With a strong foundation through our DCD and multi-asset strategy, our aim is to empower the LIBRA holders and creators to shape the project’s future together.
We provide the stability and platform—now it’s up to the community to take LIBRA to the next level. LIBRA is pegged to a solid foundation with a focus on stability, indirectly linked to BTC and ETH, so you can feel confident in the long-term prospects of the token while still having fun with meme culture.
How to get LIBRA
Initially you’ll be able to get it from Snek.fun, and after launch, it will become available on Splash and Minswap. We strongly recommend using Limit Orders (rather than Market Orders) for both buying and selling of the token since there will be arbitrage amongst the pools.
Arbitrage example: If you buy a large amount from the ADA/LIBRA pool, someone with BTC will be able to swap from BTC to DCD, then from DCD to LIBRA and then sell these LIBRA in the ADA/LIBRA pool you just bought from. This temporarily brings the price of LIBRA down in the ADA/LIBRA pool, but it ensures long term stability since as you can see LIBRA is effectively correlated to BTC, and if BTC appreciates over time, the exact opposite of the transactions mentioned above will occur (people will want to get the BTC back and will have to force LIBRA’s price back up, in the meantime the BTC has served as a support for its value).
The takeaway is the following: only use Limit Orders to both buy and sell LIBRA so you can do it in a predefined price you’re comfortable with.