What is Liberland Dollar $LLD!?

Liberland, a micronation founded in 2015, has its own unique currency system. Here's a breakdown of how it functions:  

Liberland Dollars (LLD)

• Official Currency: The Liberland Dollar is the official currency of Liberland.

• Purpose: It's designed for use within Liberland's economy, facilitating transactions, contracts, and various financial activities.  

• Blockchain-Based: LLD operates on the Liberland Blockchain, a system built on the Parity Substrate framework (similar to Polkadot). This ensures transparency and security.  

• Functionality: LLD can be used for:

  • Paying transaction fees within the Liberland Blockchain.  

  • Running smart contracts.  

  • Operating businesses within Liberland.  

  • Adjudicating legal issues through Liberland's courts.  

  • Creating and managing contracts on the blockchain.

  • Incorporating real-world data through "oracles."

Liberland Merit (LLM)

• Political Token: LLM is a separate token used for political participation within Liberland.  

• Acquisition: Citizens can earn LLM by contributing to Liberland's development.  

• Usage: LLM is used for:

  • Staking and pooling to claim Liberland citizenship.  

  • Voting in elections and referendums.

  • Participating in "citizen headcount vetos" of legislation.  

How it All Works Together

• Edge Wallet Integration: Both LLD and LLM are supported on the Edge wallet, making it easy for citizens to manage their Liberland digital assets.  

• Financial Freedom: Liberland's currency system aims to provide financial freedom and empower its citizens.

• Economic and Governance Activities: The blockchain-based system facilitates efficient and transparent participation in Liberland's economic and governance activities.  

Important Notes:

• Micronation Status: Liberland is a micronation and not recognized by any established country. Its currency system is primarily used within its own community.  

• Volatility: Like any cryptocurrency, LLD's “value” in other currencies can be volatile.

• Future Development: Liberland's currency system is still under development, and its future evolution may bring further changes and features.

In Summary

Liberland's currency system, with its LLD and LLM tokens, represents an innovative approach to finance and governance within a micronation. By leveraging blockchain technology, Liberland aims to create a transparent, secure, and empowering system for its citizens.

Learn more & participate by visiting liberland.org