Black Mask: LabStart ( LAB ) - Investment Platform for Innovation Projects

Website - https://labstart.tech/

Introduction

Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents ( segmented file transfer or multisource file transfer ) that verify ( untrust ) each other called miners, which are, for the most part, general public and actively protect the network ( the web ) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.

All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status ( records ) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust ( e.g. central bank, notaries, banks, paypal, etc. ). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

For this reason, the project I am going to present you is LabStart, an investment platform based on blockchain technology that facilitate access to investment for innovation projects, avoiding intermediaries.

Definition

As I said before, LabStart ( LAB ) https://labstart.tech/ is an investment platform based on a chain of blocks that offers a safe and decentralized alternative to the traditional innovation investment ecosystem

Goals

The main objective of LabStart is to simplify and facilitate the investment. Because it is essential that LabCoin be easily accessible and free of circulation, the ensuing goal is to partner with the main exchanges to allow access to LabCoin to everyone.

As secondary objectives, the platform aims to allow anyone to invest directly in the innovation projects presented and allow investors to own a part of the patents resulting from the project. In addition, in order to respond to the growing challenges of our society, LabStart aims to bridge the gap between people and possible innovative solutions. Finally, another objective of the LabStart project is to rationalize and simplify access to investment, which will allow companies and organizations to present their innovation. in a dedicated platform.

How it works

Allowing investors to own intellectual property, LabStart's vision is to make investment in research accessible to people around the world.

Thus, to streamline and simplify access to investment by stakeholders, while eliminating many intermediaries, LabStart allows companies and organizations to present their innovation projects on a dedicated platform and acts as a kind of crowdfunding solution for these innovation projects.

In addition, by creating investment opportunities for people and allowing them to invest in research projects without minimum requirements, investors are collaborative owners of the ownership of inventions through patents.

The decentralized investment platform of LabStart is a third-party service where research projects that need investments are shown. The proprietary investors of LabCoins can choose projects in which they create and back them with LabCoin. LabCoin will be issued first during the OIC and then negotiated on the market exchanges.

Thanks to blockchain technologies and smart contracts, it is possible to share intellectual property and supervise projects, security and transparency of investments, as well as the situation of each investor on a project is also guaranteed by the use of several cryptocurrency technologies. Finally, a legal department is responsible for validating all legal aspects with the competent administrations.

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LabStart Official Video :

https://youtu.be/ZjwG_b8MEaI

Invest using LabCoins

To make investing in innovative projects easier, LabStart has developed its own token: LabCoin. Aside from being independent of changes in fiat currency rates like dollars, LabCoin enables easier interaction with smart contracts, considering it is an ERC20 token.

LabStart intends to follow up as described in the white paper. However, it is impossible to predict the future, and changes in business strategy, regulatory environment, technology, and other unforeseen circumstances may lead to deviations from the plan outlined. LabStart intends to faithfully follow up the execution of a business plan but retain the right to deviate from the white book it takes to succeed.

Toke parameters

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

Sales Token

ALL UNSOLD TOKENS WILL BE BURNT

Pre public sale Beginning : March 25, 2018 00:00:00 UTC
Expires : 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 of LabCoins smart contract transfers directly after receiving ETH

ICO

Started : May 24, 2018 00:00:00 UTC
Expires : June 23, 2018 23:59:59 UTC or if hard cap is reached
Stage Token Price 1 ( first 15 days ) : 1 ETH = 400 LAB
Stage Token Price 2 ( last 15 days ) : 1 ETH = 300 LAB
Minimum Transaction : 0.1 ETH
Hard Cap : 24,450,000 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