The site, based in Vancouver, presently functions much like an online bookstore, allowing users to purchase books, but it also plans to offer several additional options for publishers and consumers, including an all-you-can-read subscription model and a sponsorship model, which will allow an individual or institution to pay to unlock a book or several books for a specific audience to read for a period of time for free.
Source: Legible Launches Browser-Based Reading and Publishing Platform