crypto: LABSTART

The LabStart project is a completely new investment method. The future world is based on creative projects created today. Today, innovation is the core of our society. Some important social issues such as the ecology of overexploitation or decentralization require innovative solutions to help communities cope with this problem. However, it is very difficult for people to participate directly in creative projects. Given that the creative impact is important to our lives now and in the future, we believe that everyone can participate in this process at every level of responsibility.

LabStart is a chain-based investment platform that re-evaluates how money is transformed. With LabStart, people can easily support creative projects and benefit from their own projects. In addition to participating in new and exciting projects and shaping the future, investors have a number of shares in their intellectual property. Creators can ignore innovative fundraising ecosystems that currently undermine their abilities. In fact, many companies can implement innovative projects through patent applications such as venture businesses, SMEs, independent research institutions, and other companies.

The LabStart platform is a distributed (dApp) based application of Ethereum that provides links between innovative project providers and investors. As a result, anyone can support creative projects on this platform.

After innovation has been developed, more than one patent has been filed for patent protection. Each investor has a portion of the patent that matches the initial investment ratio.

LabStart platform

The LabStart platform is a decentralized (dApp) application built on the Ethereum network that provides links between innovative project carriers and investors. So anyone can support the innovative projects present in the platform.

After innovation has been developed, one or more patents are submitted, to protect the invention. Every investor has a share of patents filed, in proportion to their initial investment.

VISION LabStart

LabStart's vision is to make investments in research accessible to all people around the world, enabling them to have intellectual property by referring to Innovation in human-specific capacity to create new solutions, tools and processes more efficiently to improve the living conditions of all people in the world.

The LabStart decentralized investment platform is a third party service called the place of a research project that requires investment to be 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 exchange market. The complete life cycle of LabCoins is described below:

Why use Token to invest in innovation projects?

Because blockchain technology and smart contracts enable secure transactions and the implementation of complex systems such as Decentralized Organizations. In addition, it allows LabCoin to have its own exchange rate and is relatively independent of the fluctuations of other crypto currency markets.

The main cash flow of the LabStart ecosystem is shown in the diagram below:

LabStart ecosystem

What is LabCoin?
LabCoins is an ERC20 token made on the Ethereum network. They are used to invest in innovation projects presented on the LabStart platform. The number of available LabCoins is predefined and will be distributed during pre-sales and ICO (compare the distribution of LabCoin for more details). One LabCoin is a unit of digital currency, such as Bitcoin. LabCoin will be tradable on the exchange after the ICO expires.

What is LAB?

LAB stands for LabCoin. Most currencies have 3-letter codes (USD, EUR, AUD, BTC) as international standards. The technical term for this abbreviated code is ISO 4217.

How does Labcoins serve investors?
LabCoin is the only currency that allows investors to fund innovation projects featured on the LabStart platform. For each investor, the number of LabCoins invested in the project coincides with the patent share owned at the end of the project (see I / Patent Properties), as well as the weighting of votes in the decentralized Organization that joins. (see IV / Decentralized Organization et V / Follow-up and control).

How does Labcoins serve the project team?
Once the project is fully funded, all LabCoins invested in the project will be converted in fiat currency in exchange for collecting the necessary funds for the project team.

Pre-Sale and ICO LabStart

LabStart token parameters

Token Role: The token / currency utility on the platform.
Token Abbreviation: Abbreviation Token.
Token Name: LabCoin
Max Supply (Hard Cap): 42,000,000 LAB
Token Network: Ethereum (ERC20 canceled)
Emission Level: No new coins will be created

Public Pre-Sale LabStart

Started: March 25, 2018
Expires: April 25, 2018 or if the hard cap is reached
Token Price: 1 ETH = 500 LAB
Minimum Transaction: 0.1 ETH
Hard Cap: 8,400,000 LAB
Distribution: Pre-Sale LabCoins smart contract transfer immediately after receiving ETH

ICO LabStart

Started: May 24, 2018
Expires: June 23, 2018 or if the 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 LAB
Minimum Goal: 1000 ETH
Minimum Not Achieved: The Smart Contract will issue a refund for all contributors.
Distribution: ICO smart contracts transfer LabCoins instantly upon receipt of ETH.

ROAD MAP

February 2017 Global Survey

March 2017 Development of ecosystem concept

The beta platform is June 2017

October 2017 Official platform evaluation and reporting

November 2017 Partner Development

Open Platform 2018 February

March 2018

April 2018 Legal and third division was established

May 2018 ICO

Listed on the Exchange in June 2018

Platform launched in April 2018