2019-6-18 13:52 |
Facebook has outlined the economics of its new Libra cryptocurrency, revealing it will create a secondary token intended specifically to pay dividends to early backers. It’s called the Libra Investment Token, and it will only be available to members of the Libra Association (which maintains the network) and other accredited investors.
Money raised by selling the Libra Investment Token is said to be placed in low-risk assets, and revenue generated is to go towards supporting operating expenses of the Libra Association itself and other development costs, including grants to non-profits. Once those are paid for, some of the remaining returns will be distributed to Libra Association members in the form of…
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