Project success: Labstart

LABSTART NEW INVESTMENT METHOD IN BLOCKCHAIN-BASED INNOVATION

Introducing LabStart platform

LabStart platform is a decentralized application (dApp) built on the Ethereum network providing a link between innovative project bearers and investors. Thus anyone can support the innovative projects present on the platform.

Once the innovation developed, one or several patents are filed, in order to protect the invention. Each investor owns then shares of the filed patents, in proportion to their initial investment.

The LabStart project is a new investment method of innovation. The future of the project is built on innovative projects created today. Today, innovation is the core of our society. Some of the major social issues, such as ecology, overpopulation or decentralization, require communities to find innovative solutions that will help solve this problem. Nevertheless, it is now very difficult for people to take a direct part in an innovative project. Given the importance of changing lives in our future now and in the future, we believe that everyone should be able to engage in the process at every level of responsibility.

Nowadays, it is very difficult for someone to engage in an innovative project. Indeed, a solution that can be used for individuals who will invest for you in innovative projects of companies that they will choose on their own or become part of an investor group (business type) who is an incubator or start-up partner to enable them to invest in their projects.

LabStart allows companies and organizations to present their innovation projects on special platforms. The goal is to streamline and simplify access to investment for players while eliminating many intermediaries. The LabStart platform is a sort of crowdfunding solution for innovation projects. On the other hand, LabStart creates investment opportunities for people, enabling them to invest in research projects without minimum requirements. Investors collaboratively own the property of the invention by patent. Holding patent parts allows them to choose economic and ethical decisions about the use of patents they support, thus maximizing their return on investment. Decentralized investment platform LabStart is a third-party service where research projects that require investment are displayed. Investors with LabCoins can choose projects they believe in and support them using LabCoin. LabCoin will be issued for the first time during ICO and then can be traded on the stock market.

To reveal innovative things, to distinguish various models of crowdfinding, which includes the idea of patenting. If the innovation project is completed and the technology or product is developed, each investor will have one part of the patent. The use of shared and smart processes is done with blocking technology and smart contracting, using the LabStart platform. A LabStart platform itself - a decentralized application (DAPP), which is the basis of Ethereum provides communication between inventors and investors. Thus, anyone can support an innovative project provided on the platform. After the development of innovation, the application to one or more of possible.

With blockchain technology and smart contracts, the innovations presented by LabStart in crowdfunding use the patent concept on this platform and what the benefits of innovation are presented:

Invest using LabCoins

In order to make investment in innovative projects easier, LabStart has developed its own token: the LabCoin. In addition to being independent from the changing rates of fiat currencies such as dollars, LabCoin allows an interaction made easier with smart contracts, considering it is an ERC20 token.

What are LabCoins?

LabCoins are ERC20 tokens created on the Ethereum network. They are used to invest in innovation projects presented on the LabStart platform. The number of available LabCoins is set beforehand and will be distributed during the pre-sale and the ICO (see LabCoin distribution for more details). One LabCoin is a unit of digital currency, like Bitcoin. LabCoin will be tradable on the exchanges after the ICO has ended.

What is LAB?

LAB is shorthand for LabCoin. Most currencies have 3-letter codes (USD, EUR, AUD, BTC) as an international standard. The technical term for this shorthand code is ISO 4217.

How does Labcoins serve investors?

LabCoin is the only currency that allows investors to fund the innovation projects featured on the LabStart platform. For each investor the amount of LabCoins invested in a project matches the patent shares owned at the end of the project (see I / Patent properties), as well as the weight of the vote in the joined Decentralized Organization. (see IV / Decentralized Organization et V / Follow-up and control).

How does Labcoins serve project teams?

Once a project is fully funded, all the LabCoins invested in the project will be converted into fiat currencies on the exchanges to raise the funds needed for the project team.

LabCoins Funds & Token Distribution:

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

Here is the date and detailed information on pre-sales and ICO:
Pre-Sales
Start: 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
Start: May 24, 2018 00:00:00 UTC
Expires: June 23, 2018 23:59:59 UTC or if hard cap is reached
Token Price (first 15 days): 1 ETH = 400 LAB
Token Price (last 15 days): 1 ETH = 300 LAB
Minimum Transaction: 0.1 ETH
Hard Cap: 25,200 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

After ICO, LabCoins will be able to trade on the exchange. We are currently discussing with Bittrex, HitBTC, EtherDelta, Kraken, Poloniex, and more.
At LabStart, our goal is to simplify and facilitate investment. Therefore, it is very important for platform life that LabCoin is easily accessible and free flowing. Our priority is to create partnerships with major exchanges to give everyone access to LabCoin.

How to join ICO:

Register - Use our form to register KYC compliance (step 1).
Use a supported wallet - Use an ERC20 compatible wallet such as MyEtherWallet, Metamask or Mist. Do not send ETH from the exchange.
Set gas limit - Be sure to set Gas Limit to 300.000 (21 Gwei) so our crowdsale intelligent contract can process your contribution.
Send ETH - Send ETH to our crowdsale smart contract address. (Step 2).
Token Distribution - Token will be instantly distributed to the address you send ETH.
Check LAB balance - Check your LAB balance using etherscan.io or directly in your compatible ERC20 wallet.

About ICO
This is a presentation about ICO offered by LabStart, you can see the video below: