Quote from: karlos_545 on May 28, 2018, 05:01:59 PM

Quote from: WalkieTalkie on May 25, 2018, 02:47:10 PM

Quote from: nofork_man on May 17, 2018, 10:01:10 AM

at what stage of the development are u now? I would like to try out or at least take a look at the product u have as for now.

Here is what we have now:

The LibreCash token.
A smart contract for the purchase and sale of LibreCash for ETH.
A web wallet.
A DApp that provides access to information on funds in the LibreBank balance, the number of emitted tokens, and the current exchange parameters and informs users about key project events.
The oracle system for loading data about the current exchange rates.
The prototype of a smart contract for the purchase and sale of LibreCash for ETH, with the possibility of emission and liquidation.
The prototype of the DAO smart contract for managing the parameters of an independent emission smart contract based on the standard contract of DAO Ethereum. The influence of a users vote is determined by the users balance in the LBRS. The role of an elected arbitrator who can veto the outcome of any voting is implemented.
The prototype of a DApp for the smart contract of the DAO, with the ability to post offers that allow voting.

Look at the section "What has already been developed?" above in the first message of this topic for more details. You'll find some links, additional explanations and source code.
If you have questions, don't hesitate to contact us.

Quote from: nofork_man on May 17, 2018, 10:01:10 AM

When the final DAO implementation is planned?

At the moment we don't have exact date of the final DAO implementation, there are a lot of work should be done for this. It's very important don't rush with final implementation the DAO before tons of public tests of it. We should remember experience of the first DAO.
We're going to publish some details about it in the roadmap.

Quote from: nofork_man on May 17, 2018, 10:01:10 AM

And one more, u said that for any transaction from the reserve fund the share holders consensys is needed BUT how much share holders can exist? I mean those one that will have a right to vote?

There aren't any restrictions for quantity of shareholders. We're still working on it, but here is the preliminary management model of DAO. It will include:

shareholders, who have LBRS-tokens and ability to vote;
delegates, who represent the shareholders interests;
board of directors, which will include current delegates;
the constitution of the DAO, the document with main principles of the organisation;
constitution guarantors - a few persons or/and organisations, which will control the decisions comply the constitution.

Every shareholder is able (by voting):

to elect a delegate, who will represent his interests;
to try become a delegate;
to elect a guarantors.

The board of directors is able (by voting):

to change the constitution;
to elect guarantors, who will keep a part of reserve fund for diversification;
to elect contractors for software development, marketing, business development, etc;
to change some economic parameters of LibreCash emission and liquidation;
to invest DAO's surplus and incomings.

The constitution guarantors are able (also by voting) to veto any decision, made by the board of directors.
And once again - this is the draft of the management model.

What elese benefits owning the shares will bring me? Besides the posibilty of increasint the reserve fund and my % of that reserve fund?
Will I be able to stake/mine tokens? According to the idea of unlimited share holders it would be wise to set the exact numer of share holders and give them an ability to set up the node as well

is nt it enough for u? I mean growth of the reserve funds and the value per eash your share u own? I guess it is huge field for making the profit from tokens owning. Just imagine how big cash flow here will be when there are at least 1 million active users? The same for the reserve fund. It would be enormously huge if there are enough active users. Thus each your share will be worth more then enough for you mate Cool