Another Monday have passed this week, and another article from Lucky Seven was done.
As the articles name already suggests, it will be talking about Free Libra Coin.
There has been one article in TELOSNEWS.COM about it before too, but it is good there is now a bit longer one available too, especially, since I still fail to understand all related to it.
Read it from one of these places:
After having taken a look at OpenLibra, Pascal decided it was not good enough and decided to make his own Free Libra Coin alternative for it.
Free Libra Coin is a stable coin that will be stabilized with other Stable Coins and anyone is free to join it. Pascal will naturally take care of adding Telos and XBTX to it but other developers need to take care of adding their own coins there.
The idea with Free Libra is that it is not controlled by humans since humans always error. Instead, it is controlled by an AI, created by erroneous humans. This should make it always fair as Minx AI will simply be looking to sell attached coins for the best price on best-priced exchange to keep the price stable.
People can transfer their coins into Free Libra Coins, in which case new Free Libra Coins will be created based upon the price of Coins you are transferring there.
Free Libra will work fully on POS only protocol, which means only clients and wallets, no nodes. And people with existing coins in their wallets will get compensated for keeping their wallets open when new coins are created due to new coins being transferred into libra coins.
In addition, using Free Libra Coins will have zero fees.
You can check more about the project and follow its progress on Free Libra Coin website.