LABS
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LABS

LABS Group 2-5 years
Website https://labsgroup.io/
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OTH RELPs
White Paper
Avg Price
0.00%
1D

$ 0.0006 USD

$ 0.0006 USD

Market Cap

$ 1.265 million USD

$ 1.265m USD

24h trading volume

$ 537,334 USD

$ 537,334 USD

7d Vol

$ 2.943 million USD

$ 2.943m USD

Circulating supply

2.2168 billion LABS

Related information

Issue Time

2021-03-16

Platform pertained to

--

Current price

$0.0006USD

Market Cap

$1.265mUSD

Volume of Transaction

24h

$537,334USD

Circulating supply

2.2168bLABS

Volume of Transaction

7d

$2.943mUSD

Change

24h

0.00%

Number of Markets

21

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Introduction

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Aspect Information
Short Name LABS
Full Name Liquid Assets Brokerage System
Founded Year 2021
Main Founders Yuen Wong, Mahesh Harilela, and Gerald Chan
Support Exchanges Uniswap, PancakeSwap, KuCoin, SushiSwap, BKEX, Gate.io, Hotbit, BitMart, Digifinex, LBank etc.
Storage Wallet Metamask, Trust Wallet

Overview of LABS

The Liquid Assets Brokerage System (LABS) iis a decentralized finance (DeFi) protocol that aims to enhance the liquidity and stability of decentralized exchanges (DEXs) by incentivizing users to provide liquidity to token pools. Founded in 2021, LABS is supported by a team of experienced developers and financial experts, and it currently supports several popular DEXs, including Uniswap, SushiSwap, and PancakeSwap. LABS provides a storage wallet for its native token, LABS, and it is a prominent protocol in the DeFi space, particularly in the area of liquidity provision.

Overview of LABS

Pros and Cons

Pros Cons
Established Founders New in the market (2021)
Traded on multiple exchanges Limited wallet options
Unique real-estate focus Potential regulatory uncertainty

Pros:

- Established Founders: The LABS was put together by a group of well-known founders including Yuen Wong, Mahesh Harilela, and Gerald Chan. Their collective experience and reputation could lead to a better decision-making process that will positively affect the growth and stability of the token.

- Traded on multiple exchanges: LABS is listed on several exchanges, including Uniswap, PancakeSwap, and KuCoin. This availability offers investors multiple platforms to buy or sell the tokens, increasing its accessibility and liquidity.

- Unique real-estate focus: LABS has a unique focus on the real estate industry. This sector-specific focus can enable the token to cater to niche demands and make it appealing to investors interested in this field.

Cons:

- New in the market: As the LABS was only founded in 2021, it's relatively new in the cryptocurrency market. Newer cryptocurrencies may lack the established trust and recognition enjoyed by older cryptocurrencies. Due to its novelty, it might also face more risks and uncertainties.

- Limited wallet options: Currently, the LABS can only be stored in Metamask and Trust Wallet. The lack of storage options may limit user flexibility and convenience.

- Potential regulatory uncertainty: The LABS, like other cryptocurrencies, could face regulatory uncertainty. Given its focus on the real estate sector, it may be subject to additional regulations related to property transactions and securities. Any changes in the regulatory environment could influence the token's value and adoption.

What Makes LABS Unique?

The Liquid Assets Brokerage System, or simply LABS, introduces a novel approach in the world of cryptocurrencies with its focus on the real estate sector. Traditionally dominated by large-scale institutional investors, the real estate market can have high barriers to entry for individual investors. LABS, by leveraging the versatility of blockchain and the inclusivity of decentralized finance (DeFi), aims to democratize this often exclusive market.

One of the chief distinguishing factors of LABS is its dedication to making real estate investment accessible to everyone. By tokenizing real estate assets, LABS allows even small investors to participate in property ownership - something not commonly seen in the traditional real estate market or other cryptocurrencies, for that matter.

However, it's also clarified that while this real estate focus sets LABS apart, it also brings about unique challenges. Other cryptocurrencies can operate with relative freedom from physical assets regulation, but LABS, given its intrinsic link to the real estate sector, might find itself at the crossroads of digital assets and property transaction laws. It can potentially face extra scrutiny or regulations, which could influence its value and adoption rate.

In summary, LABS combines the blockchain's potential with the aspirations of revolutionizing the real estate market. However, like any innovation, it navigates within a delicate balance of opportunities and regulatory challenges.

Market & Price

Coin Airdrop

LABS conducted a coin airdrop in 2021 to distribute its native token, LABS, to early adopters and supporters of the protocol. The airdrop was designed to reward those who contributed to the development and growth of LABS, and it helped to bootstrap the protocol's user base and liquidity.Circulation

The total circulating supply of LABS is currently around 100 million tokens. The distribution of LABS tokens is as follows:

  • Team: 20%

  • Investors: 20%

  • Airdrop: 20%

  • Ecosystem: 40%

The LABS team has a vesting schedule in place to ensure that tokens are not released into the market too quickly. This helps to prevent the price of LABS from becoming too volatile.

Market & Price

How Does LABS Work?

The LABS Group token operates on a model that differs from traditional cryptocurrency mining like Bitcoin. Instead of being generated through the energy-intensive process known as 'mining', LABS are pre-mined and issued on the Ethereum blockchain as an ERC-20 token. This process occurs through what is known as a token sale or initial coin offering (ICO). This operation mode does not require mining software or equipment, unlike Bitcoin and other proof-of-work (PoW) cryptocurrencies.

Regarding processing speed, since LABS is issued on the Ethereum blockchain, its transaction confirmation times and processing speed are affected by Ethereum's block times, which is approximately 15 seconds. This is significantly faster than Bitcoin's average block time of 10 minutes.

However, LABS's reliance on the Ethereum network also exposes it to issues of network congestion, potentially leading to slow transaction times and higher fees during periods of high demand. Conversely, Bitcoin's longer block times have the advantage of maintaining consistent fees and transaction confirmation times, at the expense of processing speed.

In summary, the operation mode of LABS makes it more accessible to a wider range of people, as it does not necessitate advanced mining equipment. However, its reliance on the Ethereum network for its transactions can potentially subject it to slower confirmation times during periods of high use.

How Does LABS Work?

Exchanges to Buy LABS

There are a number of cryptocurrency exchanges that support buying LABS. Here are some of the most popular ones:

1.Uniswap: Uniswap is a decentralized exchange (DEX) that allows users to trade Ethereum-based ERC-20 tokens. LABS is an ERC-20 token, so it can be traded on Uniswap. The currency pair for LABS on Uniswap is LABS/USDC.

See this link for details on how to buy LABS: https://www.binance.com/en/how-to-buy/labs-group

To buy LABS on Binance, you can follow these steps:

  • Create a Binance account: If you don't already have a Binance account, you can create one for free. To do so, go to the Binance website and click on the “Sign Up” button. Enter your email address, password, and country of residence, and then click on the “Create Account” button. You will then need to verify your email address and phone number.

  • Deposit funds into your Binance account: Once you have a Binance account, you need to deposit funds into it. You can do this by using a variety of methods, such as bank transfer, credit card, or debit card. To deposit funds, go to the “Wallet” tab on the Binance website and click on the “Deposit” button. Select the currency you want to deposit and the amount you want to deposit, and then follow the instructions on the screen.

  • Buy LABS: Once you have funds in your Binance account, you can buy LABS. To do this, go to the “Exchange” tab on the Binance website and search for “LABS”. Click on the “Trade” button next to LABS, and then select the market order option. Enter the amount of LABS you want to buy and click on the “Buy LABS” button.

  • 2.SushiSwap: SushiSwap is another DEX that allows users to trade Ethereum-based ERC-20 tokens. LABS can also be traded on SushiSwap. The currency pair for LABS on SushiSwap is LABS/SUSHI.

    3.PancakeSwap: PancakeSwap is a DEX that allows users to trade Binance Smart Chain (BSC) tokens. LABS is a BSC token, so it can be traded on PancakeSwap. The currency pair for LABS on PancakeSwap is LABS/BNB.

    4.BKEX: BKEX is a centralized exchange (CEX) that supports a wide range of cryptocurrencies, including LABS. The currency pair for LABS on BKEX is LABS/USDT.

    5.KuCoin: KuCoin is another CEX that supports LABS. The currency pair for LABS on KuCoin is LABS/USDT.

    6.Gate.io: Gate.io is a CEX that supports LABS. The currency pair for LABS on Gate.io is LABS/USDT.

    7.Hotbit: Hotbit is a CEX that supports LABS. The currency pair for LABS on Hotbit is LABS/USDT.

    8.BitMart: BitMart is a CEX that supports LABS. The currency pair for LABS on BitMart is LABS/USDT.

    9.Digifinex: Digifinex is a CEX that supports LABS. The currency pair for LABS on Digifinex is LABS/USDT.

    10.LBank: LBank is a CEX that supports LABS. The currency pair for LABS on LBank is LABS/USDT.

    These are just a few of the many exchanges that support buying LABS. The specific currency pairs and token pairs that are available will vary depending on the exchange.

    Exchanges to Buy LABS

    How to Store LABS?

    LABS Group Token (LABS) can be stored within digital wallets that support ERC-20 tokens because it is built on the Ethereum blockchain. Currently, the recommended wallets for LABS are Metamask and Trust Wallet.

    1. Metamask: This is a software wallet that can be added as a browser extension or downloaded as a mobile app. It provides a user-friendly interface, and apart from securely storing your LABS tokens, Metamask also allows you to interact with decentralized applications (Dapps) directly from your browser.

    2. Trust Wallet: This is a mobile wallet app that supports multiple cryptocurrencies, including ERC-20 tokens like LABS. It offers various features such as staking, buying, exchanging cryptocurrencies, and interacting with Dapps.

    It's essential to ideally choose a wallet that suits your specific needs and convenience. Digital wallet types can vary from software wallets (online, mobile, or desktop) to hardware wallets that store your cryptocurrencies offline. Always remember to ensure the security of your wallets by protecting private keys and keeping regular backups.

    Is It Safe?

    The safety of LABS depends on a number of factors, including the security of the Binance exchange, the stability of the LABS protocol, and the overall security of the cryptocurrency market.

    Binance Exchange

    Binance is a reputable cryptocurrency exchange that has a number of security measures in place to protect its users' funds. These measures include two-factor authentication (2FA), address whitelisting, and anti-money laundering (AML) compliance. Binance has also been audited by a number of security firms, and it has a good track record of protecting its users' funds.

    LABS Protocol

    The LABS protocol is a decentralized finance (DeFi) protocol that is designed to be secure. The protocol uses a number of security measures, including smart contracts and oracles. Smart contracts are self-executing contracts that are stored on blockchain. Oracles are trusted third-party sources of data that are used to feed information into smart contracts.

    Cryptocurrency Market

    The cryptocurrency market is a volatile market, and the value of LABS can fluctuate significantly. This means that there is some risk of losing money when investing in LABS.

    Overall, LABS is a relatively safe investment, but there is some risk involved. Investors should carefully consider their own risk tolerance before investing in LABS.

    How to Earn LABS Coins?

    Anyone considering purchasing LABS tokens should ideally have an understanding and interest in both the real estate market and cryptocurrency sector. This is because LABS Group Token is unique in its focus on real estate, creating a different kind of opportunity and risk compared to typical cryptocurrencies.

    1. Those who understand and wish to engage with real estate investments, but want to avoid the high costs and formalities of the traditional real estate market, may find LABS appealing. LABS tokenizes real estate assets, lowering the barriers to entry and offering the potential of fractional property ownership.

    2. Individuals interested in diversifying their crypto portfolio may also consider LABS. Traditional cryptocurrencies like Bitcoin or Ethereum are largely unrelated to physical asset values, while LABS ties its worth to real estate property, possibly providing an alternative investment avenue.

    3. Tech-savvy investors who are comfortable with using the Ethereum Blockchain, as LABS is an ERC-20 type token. The buyers should be familiar with the exchanges LABS is traded on and understand how to use crypto wallets like Metamask and Trust Wallet.

    Before deciding to buy LABS or any other cryptocurrency, it's crucial to do thorough research and even consult a financial advisor if needed. Understanding the token's use case, the team's legitimacy, short and long term goals, potential regulatory implications, and the overall market conditions is essential.

    It's also important to recognize that investing in newer cryptocurrencies can bear a significant risk. While LABS has a specialized use case and established founders, it's still relatively new to the market (founded in 2021), and much is dependent on the project's progress and the wider acceptance of tokenized real estate.

    Finally, individuals should only invest what they are willing to and can afford to lose. Cryptocurrencies are known for their volatile nature, and the value can fluctuate greatly.

    Conclusion

    LABS Group Token (LABS) is a unique cryptocurrency in the market with a focus on tokenizing real estate assets. This special emphasis offers a novel approach and potential investment opportunities, giving even small investors the possibility of entering the property market. The token was founded in 2021 by a group of established individuals, increasing its prestige and potential for solid decision-making and development.

    LABS is traded on multiple platforms like Uniswap, PancakeSwap, and KuCoin, which offers easy accessibility for those interested in purchasing and trading the token. However, with its relative novelty in the market, there are inherent risks and uncertainties to consider.

    Currently, it's difficult to predict with certainty the future financial prospects of LABS. Cryptocurrencies, in general, have a reputation for being volatile, and new entrants like LABS are not immune to this. Although the token's unique real estate focus could mean potential appreciation and profit for investors, it's also equally possible for the value to decline.

    Moreover, the distinct real estate aspect brings about its unique set of challenges, including possible regulatory scrutiny and the need to navigate property transaction laws. These factors could potentially influence LABS's future prospects and should be carefully considered by potential investors.

    As with any investment, careful research and consideration of personal risk tolerance are necessary for those interested in the LABS token. Potential investors should ideally understand the ins and outs of both the real estate market and the cryptocurrency sector to maximize their chances of making informed choices.

    FAQs

    Q: Which exchanges list the LABS token for trading?

    A: You can buy or sell LABS tokens on platforms such as Uniswap, PancakeSwap, and KuCoin.

    Q: Where can I store my LABS tokens?

    A: LABS tokens can be stored in digital wallets that support ERC-20 tokens, specifically Metamask and Trust Wallet.

    Q: What separates LABS tokens from other cryptocurrencies?

    A: The distinctive aspect of LABS is its focus on the real estate sector by tokenizing property assets, which is a unique proposition in the cryptocurrency landscape.

    Q: Given its launch in 2021, what challenges does the LABS token face?

    A: Being new to the market, LABS has to build trust and recognition amongst potential investors and navigate potential risks and uncertainties associated with newer cryptocurrencies.

    Q: Who would find investment in LABS token appealing?

    A: Those interested in real estate investment but wanting to bypass the traditional costs and barriers, or individuals looking to diversify their cryptocurrency portfolio with tokens tied to physical asset values may find LABS appealing.

    Q: What are the potential gains and risks of investing in LABS?

    A: While LABS offers a unique investment opportunity with its link to real estate and potential for profit, it's also subject to market volatility common to cryptocurrencies and potential additional regulations due to its property transaction connections.

    Q: How do transactions with LABS token work considering transaction speed and fees?

    A: Transactions with LABS are dependent on the Ethereum network's block times which are faster than Bitcoin, but they could be subject to slower transaction times and possible higher fees during periods of high network demand.

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