Right now we have released temporary Libre/ETH Exchange Smart-Contact, which is fully autonomous, without owner, with fixed exchange commission 2.5% set in stone, and min-max rate calculation algorithm, based on 5 feeds, to cover volatility  risks and protect from speculative games against reserve.

We aim to decrease a spread in future releases, as well as provide many other exchange methods with low commissions. 

Who from the team is taking care of this BitcoinTalk thread?

First of all you have the understand that there are differences between the final version of the platfrom which we are developing now and the semi-centralized version that exists now. LibreCash token is immutable, only the rights for token emission will be delivered to the autonomus smart contract (DAO will have the right to change several parameters like Oracle priority) when work is done and security audit is complete.
If we are speaking about final version:
Smart contracts owner where reserve fund is being held is DAO contract, and the concensys of majority share holders is obligatory for the purpose of trasfering funds. The detailed explanation about DAO model will be included in WP that we are prepearing now for the realese.
If the system is compomised and major part of reserve fund is stolen or will get stuck within the bugged smart contract, so I think it will affect tokens price as well as any other token that may face the same situation. Thats why we care a lot about security and smart contract audit.

Good comment, thank u.
You refer to description of security mechanism during the increased market volatility or liquidity swing. For the first time, while token is not used a lot in the reasl sector, the demand may fluctuate that may lead to the liquidity crisis while panic in the market.
The emission/token burning capacity limitations are implemented in the smart contract code. In futher versions more flexible variant will be implemented - DAO will set the limits. Surely taking into account the situation on the market but within the established limits.

Decentralized smart contracts maintain the exchnage rate within the established limits ( between emission price and redemption price ), that sometimes may be useful for the purpose of savings the deposit in crypto while market fluctuating or going down very hard.
However you are exactly right that marketmakers and exchnages services have an important role for the successful project evolution. LibreCash will have have the real value as a currency and medium of exchnage if its capability to be converted into other currency ( including fiat all over the globe) will be at the high level. Thats why we are considering the exchangers, payment processors, local sellers and market makers as an integral ecosystem elements. We will have the grant system in LBRS tokens that in fact give the opportunity if someone willing to become the part of the system and take part in DAO managing.
At the initial stage, while Libre is not in so big demand, there are special offers for the partners that may be disscussed individualy.
In the future, big investors with high reputation like excnganges or funds may be an escrow or keep the part of the reserve fund if DAO agreed.

How exactly will u implement the tokens swap? From one blockchain to another?
And one more question, until RSK smart contracts are not ready yet, LibreCash will operate only with ETH, right? Are there any way of including other top ALTs into the reserve fund like Litecoin or Bitcoin Cash?

Tieing to USD is the temporary event and then when there will be enough LibreCash users, exchnage rate tieing will be switched to against inflation index or putting it better will display the purchase power. So in general your sugesstion is right.
I would even say thats the key feature here as tieing to USD is not fair enough. IMHO

Hi. I learned your concept and concluded that holders of LBRS will have double risk for investments. If the crypto will fall, then the assets of the reserve fund  will be used + risk of an ordinary LBRS collapse. Why investors will  invest in your project in such a risky scenario?

There could be different LibreCash issuance smart-contracts, based on different platforms, but all of them will follow the same general rule: Proof-of-Reserve issuance, when equal value of base asset transferred to the fund (or kept frozen in contract), reserved for future buy-back operation.
Actually, anyone can create this autonomous  blockchain applications and offer it to LB community. After security audit, LibreBank DAO can confirm this contract as a part of system, issue “crypto-licence”, and that means LB is taken responsibility to buy back this tokens, but also claims surplus of reserve.


But, conceptually, LibreCash can be also issued as physical banknotes or chips in some cases.
This is not near future, but I believe that blockchain will thansform the world, and free market economy will become possible. LibreBank supports projects as freesociety.com and will take any opportunity to make this world the place for self owned, free people.

Well but what will u do if that "initial stages of project evolution" will be longer then u expect?
What exactly are u going to do to make coin really used by the core audience?
As for code implementation, imagine u have created the smart contract and deployed it while market is bullish but then market suddenly goes down and u see that u would get broke if u did not stop the redemption. Who will be in respond to make such correction? Team? If so it is not real DAO or decentralization at all as you will rule the project by your own