LABEL is thrilled to announce that Label Foundation’s utility and governance token $LBL is going to be offered via the Public Sale through the IDO to be conducted on the NFTb platform — the Binance-backed multi-chain DeFi and NFT launchpad platform. The IDO date is scheduled for the 16th of December at 1 pm UTC. The sale period will occur over 2 hours, the first hour will be open to users that have staked in NFTb’s Tiered Staking Model followed by a round open to the public. In total, they are offering a bit more than 16 million LBL tokens with the $0.003 price per LBL, and the allocation will be released 1 hour before the scheduled IDO time.
LABEL Foundation’s Progress Summary
The LABEL team is building an ecosystem that establishes a fair and decentralized incubating system, that purports to provide the content creators in the MOOC industry easier access to the investment, promotion, and distribution of their IP rights hence aims to improve an unfair profit structure that exists in the sphere, striving to prevent copyright infringement cases across the industry.
Before they go public, we would like to wrap up the progress carried out during the previous 2 months, but please do note, that they have just initiated the progress, as they will keep providing new announcements and updates to their community during 2022.
They recently announced the successful $1M raise in the private sale round from leading VCs in the blockchain space, later Label has successfully completed SlowMist Smart Contract Audit and cooperated with Curvgrid team to build MultiBaas bridge to Binance Smart Chain mainnet to commence Multichain NFT infrastructure initiative. The bridge is now deployed along with their BSC token contracts, hence it will open them a wide range of opportunities to perform within the Binance Smart Chain’s ecosystem.
Simultaneously, they have been communicating with Label’s constantly growing community and they have been building a vibrant community and kept collaborating with their thought leaders, which currently yields in successful results, that shows us up to 5 million impressions on their Twitter! Furthermore, they have recently established a strategic partnership and received an investment from Solaniu. So and so, they are making huge progress for such a short period of time and they are committed to keep up with this momentum.
LABEL IDO Details
1) Date & Time: December 16, 2021, 13:00 UTC (convert to your timezone)
2) IDO Place: NFTb Launchpad
3) Token Ticker: $LBL
4) Total LBL offered on NFTb: 16,666,666 $LBL
5) Price per LBL: $0.003
6) Max Allocation per User: 200 BUSD
7) IDO Period: 2 hours (1 hour for Private and 1 hour for Public)
8) Total Raise: $50,000 USD
9) Token Vesting: 40% unlock at TGE / 60% are vested linearly for 3 months
10) Token to be Raised: BUSD
11) Total Supply: 3,000,000,000 LBL
12) Token Address:
ETH: https://etherscan.io/token/0x2162f572B25f7358db9376AB58a947a4e45CeDE1
BSC: https://www.bscscan.com/address/0x77edFaE59a7948d66E9911A30cC787d2172343d4#code
How to participate in IDO?
- On 16 December, users who have staked in NFTb’s Tiered Model can purchase $LBL on a first come first serve basis.
- The sale will take place on https://nftb.io/launchpad/LABEL
- Users are eligible for this purchase if they have staked in NFTb Tiered Model and meet the requirement for each access tier.
- Allocation of $LBL tokens will depend on the Tier of the user.
- Users who have staked in NFTb’s Tiered Model will have 1 hour to purchase their allocation. Any remaining project tokens will be open to the public to purchase (without having to stake in NFTb’s Tiered Model).
- Users will need to connect their wallets that have staked in NFTb’s Tiered Model to access sales.
- Funds will be raised in $BUSD.
Private Pool Details
- Date & Time: December 16, 2021, 1:00PM UTC
- Eligibility: Staked a relevant amount in the NFTb Tiered Model
- Private sale duration: 1 Hour
- Total private pool raise: $45 000
- Total number of tokens: 15,000,000 LBL
Tier 1 — NFTB Staked in Tiered Model: 20,000 NFTB
- Allocation: To be released 1 hour before IDO
Tier 2 — NFTB Staked in Tiered Model: 37,500 NFTB
- Allocation: 1.75x Allocation given to Tier 1
Tier 3 — NFTB Staked in Tiered Model: 50,000 NFTB
- Allocation: 4x Allocation given to Tier 1
Public Pool Details
- Date & Time: December 16, 2021, 2pm UTC
- Eligibility: Stake at least 1 NFTB in NFTb’s Tiered Model
- Public sale duration: 1 hour
- Total public pool raise: $5 000+ the rest from the private pool — if any
- Total number of tokens: 1,666,666 LBL
Please note that you must complete all the whitelist tasks, in order to be qualified to participate in the LBL IDO on NFTb:
- Follow @LABELFoundation on Twitter
2. Retweet the IDO post and like it:
3. Join the Telegram Community
4. Subscribe on TG Announcement Channel
5. Add CoinMarketCap Watchlist
6. Subscribe Medium LABEL Foundation
Fill the form to let their team consider your participation chance.
To celebrate the upcoming IDO on NFTb, they are excited to announce that LABEL Foundation will conduct a “whitelist” event in order to provide an access to 80 pre-selected users, that will fulfill the requirements below and get randomly handpicked by the team to get on whitelist to participate in the IDO on NFTb. The main advantage of getting on the “Whitelist” will allow the users to directly purchase the $LBL tokens without a need to stake “NFTb” tokens in their platform. They would like to thank their loyal community for the overwhelming support and invite them to join them in the next phase of their growth! They wish all of you good luck!
→ Here’s the link to the form: https://forms.gle/xm2eSgoUPPgK3wqu7
About NFTb
NFTb is the Complete Multi-chain DeFi and NFT platform for Communities. Their mission is to help creators get comfortable and love using DeFi dApps. NFTb offers a premium NFT marketplace where users can access buyers from anywhere around the world and multi-chains, a DeFi platform giving users access to yield farming opportunities and a launchpad created to help creators and projects to build early support. NFTb is backed by the Binance Accelerator Fund, Rarestone Capital and Spark Digital Capital.
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