5 reasons to buy LBY (URGENT! MARKET IS CRASHING)

Zebra
6 min readNov 26, 2021

Looking into the past it’s quite crazy how much has changed. Just stop for a second and think where cryptocurrencies were 5 years ago. I’ve been here for a while and throughout all this time I’ve asked myself where the value of cryptocurrencies come from, and the answer for the most part has been “speculation”. See, if you look at it, most of the cryptocurrencies are there because of the blockchain technology and some magical project. But here is the problem, nearly all of these projects could be created without blockchain or at least without a cryptocurrency. Digital assets are supposed to have utility. But they don’t!

So we find ourselves in this situation where the crypto market is heavily extended and the problem is that there is no business around it. There is nothing that can sustain the price except mass hypnosis, and that’s exactly what has been going on. But trust me when I say: “The overinflated balloon will pop!”

Libonomy is a project that I found quite randomly while reading Forbes. In an article there was a quote from the founder of Libonomy about stablecoins and the technology’s ability to force itself through all the regulations that were discussed at that time. That was about a year and a half ago, since then I’ve been closely following the project and invested some time in studying and testing it with a bunch of developer friends. So the short version, Libonomy is a new blockchain that uses artificial intelligence to optimize consensus and overall efficiency. And it works!

Top 5 reasons to buy LBY NOW, actually urgent

#1 There is a working real world business already

It’s clear for most people that meme coins are a joke, but what’s not so clear is that most other blockchain projects very surprisingly offer very little utility for their assets as well. Let’s take one example — decentralized finance. Many will say that DeFi is the future of finance, perhaps, but there is not much logic in it at the moment and value is generated not because of the financial activities, but because of the market speculation.

Libonomy project is young, but it does something different. And that’s putting real life business before anything else. Libonomy just partnered with Vip 2 Fan, a company that is effectively tokenizing celebrities. Fans want to connect with their idols, they want to support them and feel special. And, for celebrities — that’s another channel of income and a way to give something back to their communities. So there you have it — a working business model way before the technology is even known to masses.

#2 — Technology before the marketing

2.4 trillion dollar market cap and barely any working businesses. That’s the heinous reality of the cryptocurrency industry today. Look at the ecosystem. Where do you think the money is coming from? It’s all marketing!. Of course there are some exceptions, but most of the top cryptocurrencies are either projects that have no business and are trying to improve Ethereum which btw doesn’t have a real world business model either (ADA, AVAX and DOT), or centralized cryptocurrencies (SOL, BNB and XRP) or layer 2 solutions (MATIC), or meme coins (DOGE, SHIBA). And they all have something in common: an overinflated price and no business that supports it. Cardano is a smart contract blockchain with a market cap of over 50 billion, it was founded 4 years ago and their smart contract still doesn’t work properly. Do you see how insane this is? 50 billion, 4 years and there is nothing working! Charles is a glorified Q&A host on YouTube who still tries to act like he is “in it for the technology”. Easy to say, Charles, when you have a couple of billion in the bank thanks to the cryptocurrency ADA.

#3 — Technologically superior

What’s the most important foundational value of blockchain? That’s right, decentralization. The rest of the qualities like scalability, security, anonymity are also important, but only if we have decentralization. If we don’t, there is no point in even calling the project a blockchain. Unfortunately the harsh truth is that projects like Binance smart chain and Solana have gained a lot of popularity, but they are centralized services. Improving scalability is much harder on decentralized systems than on centralized ones, and that has put centralization as the go-to way of achieving scalability.

The big deal about Libonomy isn’t just its universal nature, allowing it to be used by any decentralized project — private, public and cross chain, but also that it does everything while staying true to blockchain fundamentals. Scalability is reached through smart programming, not through comptonizations, interoperability is reached on chain, not through layer 2 solutions. Think about government use cases like voting or healthcare databases — they need scalability, but there is no way in hell they will be built on centralized blockchains like Binance or Solana or slow and costly blockchains like Ethereum.

#4 — Ability to adapt

What makes Apple and Samsung smartphones arguably the best in the world? Why was Facebook the number one social media platform, but has now fallen off? The answer is simple — they failed to adapt to market trends in time. This is completely the same in the blockchain industry. Ethereum has played a huge role in blockchain development. And, it undoubtedly was the best smart contract blockchain in the world, but is it still? It’s certainly the most popular. But for how long?

Other projects have emerged trying to fill the needs that Ethereum failed to. And Libonomy is the best of them all. And the reason for that isn’t the popularity, or the market cap, or the news coverage. No. Libonomy is the best because of its technological superiority and its ability to adapt through time. Projects like Ethereum are impossible to upgrade without creating a completely new chain (known as forking). But technology is moving fast, and blockchain just like any other technology needs to keep adapting. Libonomy does it by throwing the old algorithms out of the window and by putting in an artificial intelligence engine — one that is not limited by a human mind.

#5 — Timing is perfect

Libonomy has quickly surpassed any other blockchain in the world when it comes to technology — scalable, eco-friendly, dynamic and interoperable. Libonomy valued technology higher than marketing and that’s why it has reached the best blockchains status while others are struggling to make its ecosystem functional with millions of dollars more capital than Libonomy.

And Libonomy has reached this milestone with no big moves widely marketed. None of the significant listings has yet to happen. Libonomy has yet to be exposed to the crypto community. But it soon will and the doors will be hit loose. Libonomy is the definition of a hidden low market cap gem. Remember, when you will be reading about Libonomy on Forbes or Bloomberg, the best opportunity will already be behind you. If you bought Bitcoin in the last year and sold it today, you’d be close to 10 x’ed your money. That’s very nice. But if you bought it 2 years ago, it would have been up to 20x, 4 years ago almost 70 x. Project matters, but timing matters as well. Libonomy is your opportunity to not miss it again.

The bad sides

Yes, yes. There are some not so great sides that need to be discussed like LBY performance on the market up till now. So the thing is — most of the cryptocurrency trading volume is generated by market makers — bots that trade and artificially build the popularity of an asset when in fact there really isn’t a lot. Libonomy seems to stay true to its nature and doesn’t fake its popularity. Even though not much, it’s at least honest. Looking at the price drop after the initial offering, I’d say that’s very much expected unless thousands of dollars are wasted to build up fake volume. And lastly, perhaps the project is lacking a bit of documentation, but the good side is that the team is very active on their social channels, so that’s not an issue either. Imagine that the worst thing about the project is staying honest and lacking a couple of written pages. Yea.

Conclusion

So that’s about it. Now go do your own research. And follow the project for large milestones like listings, partnerships. Remember, once everyone hears about it, it will be too late. And no, this is not a “get rich quick” scheme, it’s more of a “get rich for sure” scheme.

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Zebra

Eat grass here and there, make a comment here and there.