LBRY Credits (LBC)

From CryptoWiki
LBRY Credits
Total supply437,203,009 LBC

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:
  • “Watch, read and play in a decentralized digital library controlled by the community."

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

=Treasury=====Token

Launch

Token Allocation

Utility

  • People can pay creators in LBRY Credits to view uploaded content.

Other Details

Stablecoin

Coin Distribution

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].

How it works

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Privacy Method

Compliance

  • SEC won the summary judgment against LBRY for not registering their token sale as a security offering (7-11-2022).
  • From Decrypt (30-3-2021):

"The Securities and Exchange Commission (SEC) has charged crypto firm LBRY with selling unregistered securities. According to the SEC before developing the network, it sold the tokens as investment contracts, with the assumption that their value would go up. All told, alleges the SEC in a complaint filed today in a US District Court, "LBRY received more than $11 million in U.S. dollars, Bitcoin, and services from purchasers who participated in its offering. The SEC is seeking a permanent injunction against the company and its employees as well as civil penalties and disgorgement."

Their Other Projects

Roadmap

Decentralize Organization

"LBRY as a protocol is decentralized, but it's organization is still fairly centralized.

While the incentives of the LBRY Inc. are fairly closely aligned with the success of the LBRY protocol itself, they are not necessarily perfectly so.

A community-owned non-profit organization increases stakeholders that care about LBRY and gives a name, place, and framework for anyone who want to build on or with LBRY. It also reduces potential conflicts of interest LBRY may face in terms of community organization and community management.

Success

  1. Launch a separate organization with a seed amount of LBC that is owned by community members of the LBRY protocol.
  2. If successful, create a program for creating more of these, especially for different countries, cultures, or regions."

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partners

Team

  • Full team can be found [here].
  • Grintsvayg, Alex; Founder & CTO
  • Kauffman, Jeremy; Founder & CEO
  • Finer, Josh; Founder & Chief operations & Growth Officer
  • Robison, Jack; Founder. Core Developer
  • Kiselak, Jimmy; Founder. Core Developer

Funding

Partners

(:

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