Frequently asked questions

What is Libereum?

Libereum is a Dutch company registered with the Chamber of Commerce (KvK 71886168). Libereum issues the crypto token Liber and builds a network of users in the sports industry. The first phase of the mission is to acquire football clubs in one of the top sporting divisions of Europe.

What is crypto token Liber?

Liber is an ERC20 token which will focus on building a network of users in the sports industry.

What is an ERC20 token?

ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. ERC stands for Ethereum Request for Comment, and 20 is the number that was assigned to this request.

What is Ethereum?

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality

What is blockchain?

A blockchain is a growing list of records, called blocks, which are linked using cryptography. Blockchains which are readable by the public are widely used by cryptocurrencies. Private blockchains have been proposed for business use.

Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data. It is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority.

Though blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been claimed with a blockchain.

Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has inspired other applications.

What is a smart contract?

A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible.

What is an ICO?

ICO stands for Initial Coin Offering and it is a means of raising capital through a crowdfunding campaign with the use of crypto-assets as investment. A digital asset, the coin or the token, is issued for a purpose and are sold to raise money for the said purpose. After the ICO process is done, the coins are traded on crypto-exchanges and market supply and demand decides on their fair pricing.

Why is there a three level ICO affiliate bonus?

We want to reward people that invest in Libereum. Investors that spread the word will be rewarded for doing so. Some have argued it seems like a pyramid scam. A pyramid scam is endless. The ICO affiliate bonus ends after three levels and ends entirely once the ICO ends.

When will Liber be listed on exchanges?

Once the ICO ends Liber will be traded on several exchanges. We cannot place a fixed date on it. But we foresee a rapid sale because the ICO will start after the first football club is announced.

What are exchanges?

Exchanges are virtual places on the internet, like sites and apps, where you can buy and sell digital assets like crypto tokens like Liber and crypto currencies like Bitcoin. A digital asset can be exchanged for another digital asset or fiat currency like the Euro or US Dollar. They are a matching platform between buyers and sellers.

Will Libereum take profit if a football club is generating revenue?

If the clubs are doing well, Libereum will do well because of its coins Liber as a direct result of it. Well performing clubs can ask more money from their sponsor, more fans will come to stadium, the players will be worth more, etc. All elements that benefits Libereum indirectly. We also want a high acceptance rate of our token. If the fans get the feeling we are robbing their club of their income, how will they feel about Libereum?

How will Libereum as a company make money?

Libereum will generate revenue with the help of our football clubs, but not at the expense of our clubs. The clubs will have Libereum Ambassadors to make sure the financials of the clubs are in the interest of the club, Libereum and their investors.

Holding Libereum B.V. has three subsidiaries:

  • Libereum B.V. holds the Liber coin.
  • Libereum Football B.V. will be the owner of the football clubs.
  • Liberize B.V. will be used for all other products like merchandising.

Libereum B.V. profits by issuing the Liber coin.

Libereum Football B.V. profits when the football clubs do well. If the football clubs grow the company grows. We are not interested in the profits from the clubs, those stay with the club so it can organically grow and invest in all necessities.

Liberize B.V. profits by working on all other products related to Libereum like merchandising, partnerships with other external companies.

What are Libereum Ambassadors?

The clubs will have Libereum Ambassadors, to make sure the financials of the clubs are in the interest of the club, Libereum and their investors. The ambassadors role is to assist football club management, not replace them. The ambassadors are like maritime pilots that help the club’s management to navigate the dynamic blockchain river, avoid sandbanks and stay in profitable waters.

Why do we believe the value of Liber will rise?

Because of our strategy of creating a constant demand for the Liber token from the economy around the football clubs we own. The tickets, drinks and snacks, season passes, club sponsoring, Player sale, all will be converted into and payable in Liber. This will happen gradually over time without disrupting the clubs economy. Initially the focus will be on football clubs, but later we will add other sporting and non-sporting entities to our portfolio.