Libra Logo PNG
Balance, harmony, and constancy carry the Libra logo. The cryptocurrency rate rises and falls but never deviates far from a constant straight line. Therefore, according to the emblem, the monetary system is reliable and suitable for settlements.
Libra: Brand overview
| Founded: | 2019 |
| Founder: | Calibra |
Meaning and History
The appearance of the Libra token was announced on June 18, 2019, at the same time the founders of the blockchain presented a corporate logo: the brand name, supplemented by three wavy lines. It was invented by the staff of the Character design agency. As it turned out later, the startup bank Current already had a similar emblem. Moreover, it was developed by the same studio from New York.
Current representatives sued over trademark infringement and hired private law firm Goodwin Procter to investigate. Among the lawsuit’s defendants are Character, the intellectual property owner of Calibra and the parent company of Facebook.
What is Libra?
Libra is a web-based payment service and its eponymous cryptocurrency. Previously, this project was called Facebook Coin because it was initiated by Mark Elliot Zuckerberg, the founder and head of the infamous social network.
Internet bank founder Stuart Sopp said competitors had stolen a logo that was created back in 2016. The wavy line conveys the importance of the corporate movement, he said. It took the Current six months to translate this idea into graphic form.
Also, the Libra logo has been heavily criticized by users on several occasions. The main questions and concerns were related to the non-obvious meaning of the wavy lines. Some believed that this is a mathematical tilde placed in front of a number to indicate approximate equality. In their opinion, such an association did not characterize the cryptocurrency from its best side and worked, rather, as anti-advertising.
Others have suggested that the logo has something to do with the horoscopic sign of Aquarius. It seemed to them a contradictory confusion because there is a separate Libra zodiac sign in astrology, and it has a completely different symbol.
Libra: Interesting Facts
Facebook (now Meta Platforms, Inc.) launched the Libra project, aiming to change the global financial system with a digital currency and blockchain. Despite facing legal hurdles, the project marks a big step in the evolution of digital payments and cryptocurrencies.
- Name Change to Diem: In December 2020, Libra was renamed Diem to leave behind initial controversies and show a commitment to following laws and simplifying the approach.
- The Beginning: Facebook announced Libra in June 2019, aiming to make a stable digital currency that could be used worldwide, especially by those without bank accounts using its huge network.
- The Diem Association: Facebook set up the Diem Association in Geneva, Switzerland, to manage the currency and ensure it’s run fairly by members from different industries.
- Stablecoin Design: Diem planned to be a stablecoin backed by real assets like bank deposits and government securities to avoid the price swings common with other cryptocurrencies.
- Global Concerns: Right after its announcement, governments and financial authorities worldwide scrutinized Libra, worried about privacy, money laundering, and its effect on the global economy, leading to major changes in its design.
- Partners Leaving: Due to these regulatory uncertainties, early partners like PayPal and Visa left the project before its launch.
- Regulatory Compliance: The Diem Association has since focused on following laws, anti-money laundering standards, and protecting consumers, working closely with regulators.
- Novi Wallet: Facebook introduced a digital wallet named Novi, designed to work with Diem for secure and easy use of digital currency.
- Broader Effects: Libra (Diem) has sparked significant discussions on the role of big tech in finance, the future of stablecoins, and the need for new laws for digital currencies.
The Libra (Diem) project demonstrates the challenges and potential of introducing a new digital currency and highlights how digital payments and blockchain are changing.
Font and Colors
The Facebook crypto project emblem consists of two parts. On the left, there are three tildes, one above the other. The name of the registered trademark is written on the right. The word “libra” has a simple font, sans serif, and decorative elements. All letters are lowercase, including the first “l,” which must be capitalized according to the spelling rules.
The designers have kept the classic proportions, aligning “l,” “i,” and “b” in height. And to make everything look as harmonious as possible, they balanced the rectangular lines with symmetrical circles in the letters “b” and “a.”
Another distinctive feature of the logo is its color palette. The graphic sign and the inscription have a light blue-violet shade. It stands out brightly against a white background.
Libra color codes
| KSU Purple | Hex color: | #452c8f |
|---|---|---|
| RGB: | 69 44 143 | |
| CMYK: | 52 69 0 44 | |
| Pantone: | PMS 267 C |
What is a Libra’s rising sign?
A person born under the sign of Libra can have absolutely any ascending sign. It is calculated individually in the astrological natal chart by date of birth.
Is Omega symbol a Libra?
Omega is the symbol of the Libra zodiac sign. As for the cryptocurrency of the same name, its emblem is three wavy lines.
What is the Libra logo?
The Libra cryptocurrency logo contains three wavy lines that are lined up on top of each other. The use of the tilde contradicts the brand name (Libra) because the emblem looks more like the zodiac symbol for Aquarius.
What God symbolizes Libra?
The symbol of Libra corresponds to the ancient Greek goddess of justice, Themis.
