Label Foundation (LBL)
LABEL is an unparalleled NFT infrastructure built on top of Ethereum Network, powered by LBL utility and governance token with a unified goal to establish a fair profit-sharing ecosystem with the permissionless integration of IP rights.
Pool information | |
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Swap Rate | 1 LBL = 0.003 BUSD |
Sale Start Time | December 16th, 2021, 13:00 UTC |
Sale End Time | December 16th, 2021, 15:00 UTC |
TGE | December 17th, 2021, 12:30 UTC |
Token Distribution | 40% unlock at TGE 60% are vested over 3 months |
Total raise | 50,000 BUSD |
Initial Market Cap | 322,500 BUSD |
Initial Token Circulation | 107,500,000 / 3,000,000,000 |
Token information | |
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Name | LABEL Foundation |
Token Symbol | LBL |
Total Supply | 3,000,000,000 LBL |
Token address | 0x77edFaE59a7948d66E9911A30cC787d2172343d4 |
$LBL Token
The $LBL Token is an Ethereum-based utility and governance token that can be used in a variety of ways to drive the growth of the LABEL ecosystem. The $LBL Token is primarily used to build the basic token economy on the LABEL platform by serving as a payment, staking, and governance unit.
Staking
LBL token holders can stake their tokens to receive staking rewards from DAO Funds or to participate in major governance voting processes. Special offers, promotions, and bonus opportunities will also be offered exclusively to LBL token holders.
Governance
LABEL introduces a DAO (Decentralized Autonomous Organization), which is going to become the main governance voting system on the LABEL platform. Holders that stake their LBL tokens may vote for or against various proposed changes to the LABEL ecosystem.
Payment
LABEL platform users can utilize LBL tokens as payment for all educational content on the platform. LBL tokens are paid once a month to the owner of the beneficiary rights of the NFT content. Some of the tokens are also accumulated in DAO Funds as platform fees. The commission rates set aside in DAO Funds can be modified by LBL holders through the governance mechanism.