Librium (EQL) ICO Review
Librium is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.
|Ico Time||Unknown – Unknown|
|Price||1 EQL = 0.058823 USD|
|Hard Cap||18,000,000 USD|
More about Librium (EQL) ICO:
Librium is a hybrid between a SaaS marketplace and a freelance platform, built on the Blockchain. Librium empowers Digital Businesses through Service Providers to source and enhance workers around the world.
Initial ecosystem traction will be obtained by integrating Librium inside SparkSales.io, a rooted player in the “sales-as-a-service” space. SparkSales.io launched in 2016 through partnerships with a select collection of global e-commerce businesses and will transition its existing economy to Librium. Its workforce will be able to earn Librium EQL tokens by producing sales for digital partners.
The Librium Network implements an identity and reputation system, allowing workers and digital partners to showcase a consistent profile across the whole ecosystem. Workers get a LibriumCred, while digital partners get a LibriumScore. Both are also used by the Librium Award System. Indeed, good actors of the Librium Ecosystem, as vetted by their results and previous interactions, will be rewarded tokens.
Last but not least, the Librium Loan System allows workers to invest working time for digital partners. As such, they are highly incentivized to work hard, as they get returns on their investments when the business grows. In parallel, digital partners get freelance work in order to de-risk and bootstrap their operations.
The global labor market is broken. Unemployment exists at the same timeworker shortages do. Librium is a hybrid between a SaaS marketplace and afreelance platform, that aims at eliminating that wasted Human Capital. Work-ers of the ecosystem are freelance experts, providing value to Librium’s digitalpartners. Their skills are leveraged by the Apps of the ecosystem, also knownas Service Providers (SPs). The team will first focus on e-commerce businesses,leveraging its past experience in the field.The Librium Foundation, as defined in section5, will build the necessary infras-tructure and set of tools – the Librium Network – for the Librium Ecosystem totake place. This will allow developers to build new platforms (SPs) and plugthem easily in the network. The foundation maintains a single defined goal:grow the ecosystem. To this end, it will notably manage a token reserve toreward good actors of the ecosystem, through the Librium Award system.Initial ecosystem traction will be obtained by integrating Librium inside Spark-Sales.io, a rooted player in the “sales-as-a-service” space. SparkSales.io launchedin 2016 through partnerships with a select collection of global e-commerce busi-nesses and will transition its existing economy to Librium. Its workforce will beable to earn Librium EQL tokens by producing sales for digital partners.The Librium Network implements an identity and reputation system, allowingworkers and digital partners to showcase a consistent profile across the wholeecosystem. Workers get a LibriumCred, while digital partners get a Librium-Score. Both are also used by the Librium Award System. Indeed, good actorsof the Librium Ecosystem, as vetted by their results and previous interactions,will be rewarded tokens.Last but not least, the Librium Loan System allows workers to invest workingtime for digital partners. As such, they are highly incentivized to work hard,as they get returns on their investments when the business grows. In paral-lel, digital partners get freelance work in order to de-risk and bootstrap theiroperations.
470 billion hours of human capital wasted from lack of work annually1• $3 trillion of potential earnings lost from unemployment annually2• $10 trillion of lost economic opportunity annually by 2030 from labormismatch within countries3• 915 million people lacking work while maintaining access to the internet4The founders of Librium launched SparkSales.io in 2016 to fill a labor shortagein an ecommerce business. Through the success of SparkSales.io, Librium wasborn. Librium is a hybrid between a SaaS marketplace and a freelance platform.Librium enables; (1) seamless cross border transactions through cryptocurrency(2) identification and verification of talent through a reputation system, and(3) identification and verification of job opportunities through Service Providers- the Apps of the ecosystem. The Librium Network is designed to connect aglobal talent pool, including people from politically unstable regions or internetusers who are unbanked, with the global economy. Librium brings the world’slabor markets to equilibrium.The Librium Ecosystem allows app developers to build tools that identify jobopportunities. Workers are then empowered to engage those job opportunitiesin a manner that helps them to work more efficiently than they would have oth-erwise. These tools and platforms, which constitute the Apps of the ecosystem,are called Service Providers. The entire ecosystem shares a uniform identifica-tion and reputation system. Traditional freelance platforms merely put workersin contact with employers.For example, let’s talk about Jose, from Venezuela. Jose is a college educatedindividual, who is under employed and desires better earning opportunities andmore flexibility in his work schedule compared to the jobs available locally.SparkSales.io, the first Service Provider of the Librium Ecosystem, enables Joseto work by putting his English language knowledge to work with a structuredchat technology. In this example, the Service Provider, SparkSales.io leveragesJose’s talents to sell exciting products on-line, for multiple e-commerce busi-nesses across the world. Jose earns more than he would have otherwise, andthe e-commerce business who engaged Jose through the SparkSales.io platformis earning more than they did before. Freelancing should not be restricted tocoding, writing, and graphics and Service Providers help to identify those op-portunities unlocking jobs all around.
In order to fund the development of the Librium Ecosystem, Librium will launchits token crowdsale event on December 8, 2017. The total Librium EQL tokensupply will be restricted to 1 billion (1,000,000,000) EQL, of which 400 millionwill be offered for sale, representing up to $18 million USD dollars in exchangefor ETH. Those 400 million EQL will be sold at a discount to early buyers, ata rate sliding from 20 Librium per 1.00 USD equivalent in ETH, down to 17per 1.00 USD equivalent in ETH. Early buyers will effectively get up to 20%more Librium per ETH. Of the remaining 600 million EQL tokens, half shallbe distributed through the Librium Award system to incentivise the ecosystemgrowth, while the other half shall be maintained in reserve.
• 1 Billion (1,000,000,000) total Librium Tokens to be generated
• 40% offered for sale, 60% to be held by SparkCo and Librium Foundation
• Funding target of $18 million USD equivalent in ETH
• Librium Tokens will be offered on a private Pre-sale.
• Librium Token Generation Event to take place right after the crowdsale.
• The Librium Token Crowdsale Event bonus structure is as follows:–$0 – $1m = 20% bonus; 20 EQL per $1 USD equivalent in ETH–$1m – $3m = 15% bonus; 19 EQL per $1 USD equivalent in ETH–$3m – $7m = 10% bonus; 18 EQL per $1 USD equivalent in ETH–$7m+ = 0% bonus; 17 EQL per $1 USD equivalent in ETH
labor market is broken. Unemployment exists at the same timeworker shortages do. Where labor supply is plentiful, workers are underpaid,and where labor supply is in shortage, businesses experience restricted growth.Annually, unemployment results in ~3 trillion dollars of lost potential earnings,while labor shortages result in ~10 trillion dollars of lost economic opportunity.Labor markets are restricted by borders, access to opportunities, complicatedsegmentation, and opaque regulatory challenges. Businesses suffer the same.Just as uneaten food is wasted, human capital that is not used, is lost, andbusiness opportunities not acted on expire.Librium’s vision is to eliminate the travesty of wasted Human Capital to driveforward our shared global economy. Operating without the former limitationsof cross-border transactions, the Librium Network aims to engage a decentral-ized workforce in real-time earning and time-investing opportunities, realizedthrough the enhancement of workers’ skills by Service Providers (SPs) – theapps of the ecosystem. Librium acts as a hybrid between a SaaS marketplaceand a freelance platform.SPs are independently operated entities who act on under-realized business op-portunities by providing workers of the Librium Ecosystem with new tools toprovide value to Digital Businesses. Like traditional app stores, Librium pro-vides a complete infrastructure in which new Service Providers can plug easily.By doing so, they make use of the existing reputation system and paymentsystem, and have direct access to the global laborpool and digital partners.The first SP already constructed to take advantage of the Librium Network isSparkSales.io which is a standing and viable business. The Librium Network’sblockchain-based identity and reputation system enables connecting the rightbusinesses, service providers, and workers.Creating a new digital workforce ecosystem that is not only decentralized butalso completely open to new actors, Librium shall incentivise new services andsystems to enable the efficient growth of existing digital businesses. The follow-ing sections will describe SparkCo’s plan for propelling an entirely new economy:theLibrium Ecosystem.
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Librium (EQL) ICO Scam or Not?
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