Label Foundation has announced an official provision of Binance Smart Chain - press release
Label Foundation has announced an official provision of Binance Smart Chain - press release
press release
label can be understood as a blockchain-oriented international platform for educational content that is an incubation system that willingly supports various promotional, sales and investment processes, in relation to the obstacles and challenges to remove existing content production and investment processes.
Before this development, the Label Foundation has expanded its ecosystem with important partnerships within the blockchain and educational industry. It has already worked with OpenTrack, a leading music mediation platform that is operated by Clesson. The partnership will provide a number of first-class lecturers and provide early content within the label ecosystem. They announced that they have committed to bring world-class artists such as Scoop Deville, Mark Lettieri, Docskim and many other grammy-nominated artists on their platform to incubate and nfitize their IP rights.The main goal of the Label Foundation is therefore to provide its users high-quality educational and entertainment resources. Apparently with its migration to the Binance Smart Chain ecosystem, label will be able to use the best functions of the Minneet to scale and increase the performance of your decentralized application.
an innovative platform
by label an NFT framework was built on the Ethereum Network and Binance Smart, and supported by the LBL service program and governance token, with the only goal of establishing a fair profit participation industry with admission-free insertion of IP rights. Label is therefore a decentralized P2P incubation platform (peer to peer) that invests in high-quality entertainment and education material via the DAO voting system (Decentralized Autonomous Organization) and enables donors to collect profits through the NFT ownership mechanism.
In addition, the label platform creates an ecosystem that aims to establish an impartial and decentralized incubation system with the aim of offering content manufacturers in the MOOC industry an improved accessibility. It is therefore striving to improve an apparently unfair profit structure that often prevails in the industry and also prevent cases of copyright violations in the entire industry.
bridge with BSC
According to the latest developments, Label is now officially connected to Binance Smart CHAIN (BSC) and the token is via the Multibaas-Middleware built by Curvegrid. The bridge is supposed to connect the Ethereum Mainnet to Binance Smart CHAIN, which enables the smooth movement of LBL-tokens from ERC-20 to Bep-20 and vice versa.
In addition, Solanium will join Label as a strategic consultant and the expansion support the label ecosystem. In the Solana (SOL) ecosystem, Solanium is a platform based in Amsterdam and is mainly used for governance votes, decentralized fundraising and time weight token stakes. In addition, the IDO of Label is expected to take place on Redkite and NFTB to carry out public sale.
according to his White paper , label aims to offer a unrivaled sales framework and an unrivaled infrastructure based on the use of blockchain technology via the above-mentioned incubation system. This enables experts, experts and specialists to be found and invested alike. In addition, Label will also create a fair environment for profit sharing in the sense of intellectual property through effective system integration. Finally, Label will start a positive loop with the establishment of its NFT market, which initiates the global value by Chain by making the IP rights embedded in the non-fungal tokens. For this purpose, she also works with various organizations from the entertainment and media industry to focus on the cultivation of its respective incubation system.
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