Libra Coin is a fork from Facebook's Diem (Libra) blockchain that was announced in 2019. Libra Coin operates on its own high-performance Layer 1 blockchain, known as the 0L Network. In October 2021, Libra Coin began mining.
Like Bitcoin, there were no pre-mined coins or dedicated token allocation to any parties; all coins were minted through a mining process. Unlike Bitcoin, which undergoes continuous issuance, Libra Coin has a fixed supply. By December 2023, all the Libra Coin had been issued, establishing a capped supply and making the coin permanently deflationary.
Fiercely independent, the project has a long-term view because it is unburdened by venture capital funding, "labs" entities, a foundation, and the influence of other blockchain ecosystems. Carpe diem.
Comswap Wrapped LIBRA Price Analysis
As of December 25 2024 Comswap Wrapped LIBRA has a marketcap of $1.5M.
This is {{percentagefromath}} from its all time high of $0.00569709.
In terms of its tokenomics, there's a total supply of 95B with 8.7% currently outstanding.
Keep in mind Comswap Wrapped LIBRA has a fully diluted value of $17M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
