Hello androda and thanks for your enthusiasm. Also, thank you for your relevant questions.


LabCoins (LAB) is a utility token that gives us flexibility and control over the evolution of the project, as well as the "currency" used to invest the project presented on the platform.

I agree with you that for every ICO project, tokens could at the end of the day be replaced by ETH. Some other ICOs (like ours) issue tokens because it allows them to uncorrelate the price of the token from the ETH market. If in practice we are still in a speculation market which makes the price of tokens still linked to the ETH market, on the long term, the prices should be uncorrelated.

Even if correlated to the cryptocurrency market price firstly, in a second time and on longer-term, the LabCoin (LAB) price will mainly be correlated to the value of the innovation projects on the platform and will gradually uncorellate itself from the price of other cryptocurrencies such as Ethereum.

Moreover, from a technical point of view, issuing our own ERC20 token allow us to develop services and interfaces around it, and to make the interaction between our platform and other Ethereum blockchain based services more clear and convenient.


The transaction fee on the platform might change in the future. Its basically a maintenance fee that will allow our team to maintain the platform and to upgrade it.

As for the payement, our goal is that the investors could choose in which currency they would like to be paid. For now we only support ETH and LAB payement but we will add more currencies in the near future.


Regards

a very interesting project will surely succeed for its future with a lot of support and investors who join.success always this project.

Thanks for the support everyone!

Hello,

Thanks for your interest. The advantages of our platform is that it offers companies and project teams in needs of funding for an innovation project a new way to fund their project. Hence, in a lot of cases, companies struggle to obtain money from banks. Recently, kickstarters have been a funding alternative trying to give a solution to this issue. However, kickstarters do not allow to directly invest in a project.
More recently, other alternatives such as The DAO (rip) or Aragon have proposed to use blockchain to directly invest in new companies, allowing investors to detain shares of the company. However, no proper solution yet exist to invest in a specific project of a company. The LabStart platform will allow that (for innovative projects). Investors will be able to invest in innovation projects via the LabStart platform. At the end of the innovation project, every investor will own shares of the resulting patents.

To sum up, from a company point of view, LabStart is a new way to fund an innovation project. It allows companies to raise funds for a R&D project, without selling any company shares.
From an investor point of view, LabStart is a way to invest in innovation project and to own shares of the resulting patents, allowing ROI through licences and patent sales.

For more info, I advise you to read this article.
Please also read our whitepaper to fully understand the LabStart project.

Regards

Pre-sale is now live! Thanks everyone, don't forget to register for KYC verification first!

Thanks to everyone who participate, please note that KYC verification can now take up to 24h.

Hopefully, the project team can be more creative in managing this project so that a lot of people who are interested in supporting and join in this project because it is seen from the concept's been nice living in developed again.

I would like to join, but I first of all I need to find as much information about the project as possible. Also need to study the whitepaper, but for now the project looks reliable.
 

What do you guys think how the token is going to be profitable?