Label (LBL)

What Is Label?

LABEL is a blockchain-based, NFT, copyright fee sharing platform that introduces an incubation system that supports investment, distribution, and promotion processes to break down high barriers to existing content production and investment and dismantles the current unfair profit distribution structure.

Label Unique Features

Content Access

• Free subscription service
• Paid subscription service

Incubating

• Incubating Process
• Partner Platform Revenue API Connection
• Voting
• Distribution Support
• Community Promotion Support
• Secondary Creation IP Permission

NFT Market

The NFT Market is the space for trading NFTs created inside of the Incubating System. NFTs generated in the incubating are kept in private wallets, and NFT owners can trade NFTs for their shares in the NFT Market.

Roadmap

2020 – Q3:

• LABEL Idea & Business Feasibility Verification Phase
• TEAM Building
• Whitepaper 1.0 Ver. Release

2020 – Q4:

• Architecture Configuration and Design
• OPENTRACK Platform UI/UX Design
• OPENTRACK CP Partner Recruitment

2021 – Q1:

• OPENTRACK Beta Version Launch
• Design of a multilateral Settlement Contract Structure according to the Stake in Production Beneficiary Rights.

2021 – Q2:

• OPENTRACK 1.0 Launch

2021 – Q3:

• The beginning of application and operation of the multilateral settlement contract structure according to the stake in the production beneficiary rights in the OPENTRACK Platform
• Private Round Token Sale

2021 – Q4:

• OPENTRACK 2.0 Launch (LMS System Update and etc)
• Label Wallet Development

2022 – Q1:

• Label Wallet Application in OPENTRACK
• Label Reward System Application

2022 – Q2:

• NFT Transaction System Design
• NFT CP Partner Recruitment

2023 – Q1:

• Launching the 1.0 NFT Exchange System in Open Incubating

2023 – Q2

• DAO Funds Launch
• Govenance System Beta Test

2023 – Q3

• Govenance System Launch

Label Token Economy

The $LBL is an Etherum-based utility and govermance token that is primarily oriented to dive growth on the L ABEL ecosystem. LBL Token is primarily utilized to build the robust token economy in the LABEL Platform by se rving as a payment, staking, and governance unit.

Payment:

The LABEL platform’s users can utilize the LBL token as payment for all education content provided on the platform. The LBL token paid by users as a payment fee is paid once a month to the owner of the content’s beneficiary rights NFT, some of which are accumulated in DAO Funds as platform fees. The commission rate accumulated in DAO Funds and several other aspects can be modified in the governance mechanism by the LBL holders once it’s launched.

Staking:

LABEL Holders are entitled to the additional rewards, provided they engage in staking their LBLs in the DAO, which also enables the holders to participate tin the major govermance voting processes

Governance:

LABEL introduces a DAO – Decentralized autonomous organization, which is going to become the main govemance voting system in the LABEL Foundation. Hence, holders that stake their LBL token can vote for or against various proposed changes to the LABEL ecosystem.

Detailed Token Metrics

TBA

Token Distribution

Token Release Schedule

TBA

Partners & Advisors

Team Members

Token sale page

https://redkite.polkafoundry.com/#/buy-token/133

https://nftb.io/launchpad/label/

Investors

Alphabit Fund, Icetea Labs, NFTb Labs, GBIC, Mindtulness capital, adaptive LABs, HG Ventures, IOST, Pragma, Clesson, Opentrack, PlanHearSound, Xangle, Slow mist, CHA&Know law offices