LeBar features and functionality are work in progress and is expected to be completed and fully implemented on the SAMBAR platform by 1st quarter 2021.
Answer: LeBar is a price-stable crypto currency and is implemented on blockchain. LeBar
Answer: All LeBar purchase funds are deposited into a Bank of America account ending in 79613 and all transactions related to LeBar will be audited by a reputable accounting company.
Answer: No. The price of a LeBar is pegged to 1 USD, and this price relationship never changes.
Answer: The price of Bitcoin swings considerably on a daily basis, and this volatility is a significant barrier for keeping purchasing power stable like the US dollar or other major world currencies such euro or pound.
Answer: LeBar is used on SAMBAR platform as the medium of exchange, and they provide the foundation for future functionality of the platform such as group trades and others. Since each LeBar is pegged to 1 USD, our goal is to provide a crypto currency with price stability for mass adoption. If the user is assured that the purchasing power of their LeBar will remain stable, they will adopt LeBar as a medium of exchange over price-stable alternatives.
Answer: Consumers and merchants using LeBar as a medium of exchange for services and goods and are not in speculation business trying to profit from price swings. Unlike bitcoin, LeBar is pegged to 1 USD and it is worth the same every day. This creates and environment where both parties can trust the value of goods and services they sell or buy remain the same with no major price fluctuations.
Answer: Yes. We see many use cases for LeBar outside SAMBAR platform domain such as 1) Dollarization 2) A low-volatility crypto asset 3) A financial instrument in Credit and Debt Markets and 4) For broader blockchain economy.
Answer: LeBar provides a crypto alternative to USD and credit cards and its unique attributes such as convenience, control, and anonymity are attractive to many users. Second, it costs merchants no overhead to accept LeBar with added benefit of eliminating fraudulent transactions, and transactions fees can be much lower than traditional credit cards.
Answer: Yes. Starting in the first quarter of 2022, a user may return excessive or unused LeBar and get 1 USD for each LeBar.
Answer: By first quarter of 2021.