Las Vegas, USA, twenty ninth June 2022 — The unique Liberty Greenback, a US-based various foreign money based in 1998 — predating Bitcoin by a decade — has been reimagined for the crypto age as LD2, a valuable metals-backed digital token protocol and cryptocurrency. Every LD2 token is a receipt for a custom-minted, one troy ounce silver or gold coin.
Initially an Ethereum-based ERC-20 token, LD2 is now increasing the primary issuance of its limited-edition LD2.zero digital tokens by way of a transfer to the extra eco-friendly WAX blockchain (powered by EOSIO). LD2.zero tokens are actually out there for buy with WAX tokens.
“The Liberty Greenback was extraordinarily profitable, not solely as a personal, various foreign money, but in addition as an influential mannequin for the cryptocurrency motion. By reimagining the Liberty Greenback by way of LD2, we’ve got merged this tried and examined various foreign money mannequin with blockchain know-how,” stated LD2 co-founder, Additional von NotHaus. “Shifting from Ethereum to WAX was a pure selection for us. With zero gasoline charges and carbon-neutral transactions, WAX is a greater match with the ethos of LD2.”
LD2 joins different fashionable content material creators already on the NFT-focused WAX blockchain, from the likes of Atari and Funko to Marvel and DC. Past the fungible LD2.zero, LD2 is now constructing a premier NFT 2.0 resolution on WAX, which is able to deliver real-world asset backing and value stability to NFTs for the very first time. By using LD2’s WAX-based token, this new resolution can connect real-world worth by way of silver bullion to any digital NFT asset on the WAX blockchain.
100% Backed, Redeemable and Exchangeable
Blockchain know-how permits LD2 to retain the spirit, ideas, methodology and group that made the Liberty Greenback particular, whereas additionally providing the chance to develop performance with new options, liquidity and utility.
“Full transparency and safety, together with excessive transaction velocity and quantity, are only a few of the advantages provided by the WAX blockchain that allow us to deliver this real-world worth to cryptocurrency customers in all places, and now to NFTs as effectively,” stated Steven Brendtro, co-founder of LD2. “There’s by no means been a greater time to use the teachings and success of the Liberty Greenback mannequin to cryptocurrency and NFTs.”
LD2 digital tokens perform as blockchain-based digital warehouse receipts. Merely put, which means a buyer buys the bodily silver up-front, and as a substitute of taking speedy supply of that silver, receives a warehouse receipt within the type of a digital token. LD2 LLC solely sells silver, not tokens — the digital tokens are at all times the receipt.
Because the bodily silver cash are bought up-front, these tokenized receipts may be redeemed at any time for the bodily silver cash. Token holders’ silver cash are secured in a completely insured vault that’s topic to strict third-party audits regularly, with outcomes recorded on-chain. The US$50 value for the silver LD2.zero cash consists of prepayment of storage and insurance coverage on this vault for ten years from issuance.
Solely 10,000 LD2.zero tokens had been initially issued, backed by a limited-edition, one troy ounce sensible uncirculated (BU) .999 high-quality silver coin with the beautiful twentieth Anniversary Liberty Greenback design. LD2.zero cash are actually even scarcer, with lower than 3,000 remaining for buy. Along with their crowdsale, LD2.zero is at the moment listed on the Alcor decentralized trade and the tokens (with the bodily silver possession) may be transferred peer-to-peer by way of WAX-compatible wallets with no transaction/gasoline charges.
Constructed on an Wonderful Legacy
The unique Liberty Greenback certificates had been backed by actual gold and silver cash. Created in 1998 by Bernard von NotHaus, a world-renowned various foreign money pioneer, over US$50 million value of Liberty {Dollars} entered circulation throughout its first decade. In all, Liberty Greenback served over 250,000 customers and was accepted by greater than 5,000 retailers in all fifty states. The Liberty Greenback ultimately went on to safe the title of being the only hottest various foreign money in the US.
The Liberty Greenback’s huge recognition attracted the eye of the US authorities effectively earlier than Bitcoin upended the worldwide notion of other currencies. Nonetheless, following a ten-year authorized battle, Bernard walked away a free citizen with only a slap on the wrist, whereas federal prosecutors had been compelled to return the lion’s share of Liberty Greenback property seized of their preliminary raid to the certificates holders. This represented a significant win for various foreign money holders and cryptocurrency customers around the globe.
The legacy of the Liberty Greenback and its superb historical past is predicted to be mirrored by the worldwide attain of LD2, co-founded by Bernard’s son, Additional von NotHaus, and former Regional Forex Officer for the unique Liberty Greenback, Steven Brendtro.
Extra Cash & NFT 2.0: Actual-world worth coming to NFTs
Following the upcoming sale of the remaining limited-edition LD2.zero tokens, LD2 will launch open-ended variations of silver after which gold coin-backed digital tokens, named LD2.silver and LD2.gold, respectively. These tokens, as with all tokens issued on the LD2 protocol, will likely be backed by high-quality high quality cash, however with completely different designs than the limited-edition model. An LD2-developed and patented real-time bodily asset-backed debit card can also be within the works for future launch.
LD2 additionally immediately advantages from launching on the NFT-centric WAX blockchain, residence to fashionable creators equivalent to Topps, Funko, and Marvel, together with sport platforms Alien Worlds, Farmers World, Splinterlands, and HodlGod. The NFT area is booming with development and innovation, nevertheless it notoriously suffers from inherent danger — NFTs can lose all of their worth at any time. That’s, till now:
LD2 is on the bleeding fringe of next-generation NFT 2.0 know-how. Not like different backing choices that depend on empty, fiat tokens which change into equally nugatory in a market correction, LD2 attaches warehouse receipts on to NFTs, which immediately ties the NFT to vaulted bodily valuable metallic. Possession of the hooked up warehouse receipt may be simply transferred from individual to individual, as with every LD2 protocol token. The NFT 2.0 resolution now carries real-world worth and has change into a price-stable asset.
It ought to come as no shock that NFT house owners are enthusiastic about bringing real-world worth to their NFTs, particularly to video games that pay rewards. LD2 could make this occur by not solely issuing ultra-collectible silver-backed LD2 NFTs, but in addition providing the bodily backing to present NFTs from different content material creators and establishing itself because the in-game foreign money of selection for NFT gaming platforms.
“Our imaginative and prescient is to create the final word type of crypto-liquidity backed by actual gold and silver that belongs to the customers,” stated Additional von NotHaus. “We’re pleased with LD2.zero, and sit up for taking the following step and launching LD2.silver very quickly. LD2.silver will permit much more people to reap the benefits of actual, value-backed cash and the advantages that brings to society, together with much more as we develop into the NFT area.”
LD2.zero tokens are actually out there for buy with WAX tokens.
“LD2 is actually the most effective product of its kind on the earth and we’ve got the most effective, most skilled workforce to execute its success,” Additional von NotHaus stated.
For extra particulars about LD2 tokens, please click on right here.
To entry the XLDZ / WAX buying and selling pair, please click on right here.
About LD2 LLC
LD2 LLC is an American firm based in 2018 with the mission of re-popularizing value-backed cash as a silver and gold coin-backed digital token protocol and cryptocurrency. Bodily cash are secured in an insured and audited vault, assured to again digital LD2 tokens on a 1:1 ratio. A restricted version silver coin-backed LD2.zero coin is offered on the market now, with lower than 3,000 cash remaining. Following LD2.zero, silver coin-backed LD2.silver tokens will likely be made out there as uncapped issuances on cryptocurrency exchanges.
LD2 Official Channels
Web site: https://ld2coin.io
Twitter: https://twitter.com/Ld2Coin
Discord: https://discord.gg/MzJrJmJEcG
Electronic mail inquiries: data@LD2coin.io
