Warm regards all, in this post I will discuss about ICO LabStart which is a blockchainm based investment platform, the innovation presented this platform gives advantages compared to others !!! Try to imagine how easy this platform provides to make a new breakthrough in the world of investment, therefore to find out more about this project we see more deeply.
LabStart is a blockchain-based investment platform that aims to reevaluate how funded innovations are, it is very difficult for a person to be directly involved in an innovative project. Indeed, solutions are available to an individual either to put a person’s money in a bank that will invest for you in innovative projects of the company they will choose themselves or be part of an investor group (angel business type) who is an incubator partner or who is instantly acquainted with startup to enable them to invest in their projects.
LabStart allows companies and organizations to present their innovation projects on special platforms. The goal is to streamline and simplify access to investment for players while eliminating many intermediaries. The LabStart platform is a sort of crowdfunding solution for innovation projects. On the other hand, LabStart creates investment opportunities for people, enabling them to invest in research projects without minimum requirements. Investors collaboratively own property of the invention through patents. Holding the parts of patents allows them to choose economic and ethical decisions about the use of patents they support, thus maximizing their return on investment. Decentralized investment platform LabStart is a third-party service where research projects that require investments are displayed. Investors with LabCoins can choose projects they believe in and support them using LabCoin. LabCoin will be issued for the first time during ICO and then can be traded on the stock market.
With blockchain and smart contract technology, the innovations presented by LabStart in crowdfunding use the patent concept on this platform and what are the innovations advantages presented:
This is a presentation on ICO offered by LabStart, you can see the video below:
More info on LabCoin:
Role of Token: Utility token / currency on the platform
Token Abbreviation: LAB
Token Name: LabCoin
Emission Rate: No new coin will ever be created
Token Network: Ethereum (ERC20 extended)
Max Supply: 42,000,000
Characteristics of coins:
LAB is shorthand for LabCoin. Most currencies have 3-letter codes (USD, EUR, AUD, BTC) as an international standard. The technical term for this shorthand code is ISO 4217.
In order to make investment in innovative projects easier, LabStart has developed its own token: the LabCoin. In addition to being independent from the changing rates of fiat currencies such as dollars, LabCoin allows an interaction made easier with smart contracts, considering it is an ERC20 token.
LabCoins are ERC20 tokens created on the Ethereum network. They are used to invest in innovation projects presented on the LabStart platform. The number of available LabCoins is set beforehand and will be distributed during the pre-sale and the ICO (cf. LabCoin distribution for more details). One LabCoin is a unit of digital currency, like a Bitcoin. LabCoin will be tradable on the exchanges after the ICO has ended.
LabCoin is the only currency that allows investors to fund the innovation projects featured on the LabStart platform. For every investor the amount of LabCoins invested in a project coincide with the patent shares owned at the end of the project (cf. I/ Patent properties), as well as the weight of the vote in the joined Decentralized Organization. (cf. IV/ Decentralized Organization et V/ Follow-up and control).
LabCoins Funds & Token Distribuiton :
Here are listed details dates and information regarding the pre-sale and the ICO:
Start: March 25, 2018 00:00:00 UTC
Ends: April 25, 2018 23:59:59 UTC or if hard cap is reached
Token Price: 1 ETH = 500 LAB
Minimum Transaction: 0.1 ETH
Hard Cap: 8,400,000 LAB
Distribution: Pre-sale smart contract transfers LabCoins instantly upon receiving ETH
Start: May 24, 2018 00:00:00 UTC
Ends: June 23, 2018 23:59:59 UTC or if hard cap is reached
Token Price (first 15 days): 1 ETH = 400 LAB
Token Price (last 15 days): 1 ETH = 300 LAB
Minimum Transaction: 0.1 ETH
Hard Cap: 25,200,000 LAB
Minimum Goal: 1000 ETH
Minimum Not Achieved: Smart Contract will issue refunds to all contributors
Distribution: ICO smart contract transfers LabCoins instantly upon receiving ETH
After the ICO, LabCoins will be tradable on exchanges. We are currently in discussion with Bittrex, HitBTC, EtherDelta, Kraken, Poloniex, and more to come.
At LabStart, our aim is to simplify and facilitate investment. Hence, it is essential for the life of the platform that the LabCoin is easy to access and free flowing. Our priority is to make partnership with the main exchanges so as to grant access to LabCoin to everyone.
How to join ICO:
Register – Use our form to register for KYC compliance (step 1).
Use supported wallet – Use a ERC20 compatible wallet such as MyEtherWallet, Metamask or Mist. Do not send ETH from exchanges.
Set gas limit – Make sure to set Gas Limit to 300,000 (21 Gwei) so that our crowdsale smart contract can process your contribution.
Token distribution – Tokens will be distributed instantly to the address you sent ETH from.
Check LAB balance – Check your LAB balance using etherscan.io or directly in your compatible ERC20 wallet.
That’s a little review from me regarding ICO LabStart, do not miss this opportunity because the token sale is underway, I highly recommend this platform to you investors because I am sure that the future of this platform will be very profitable for you.
For more information about this platform you can visit the following website: