Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of LABEL Foundation are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review LABEL Foundation token by explaining what the coin is about, insights on the project listing the pros and cons, the supply and how legit/safe the token is for investment.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
About LABEL Foundation
What is LABEL Foundation?
LABEL is an unparalleled NFT infrastructure built on top of Ethereum Network, powered by LBL utility and governance token to establish a fair profit-sharing ecosystem with the permissionless integration of IP rights. LABEL provides a decentralized P2P incubating platform to invest in the world-class entertainment-education content through the DAO voting system to further allow contributors to claim profits through the NFT shareholding mechanism. The LABEL aims to return the true value back to the creators of digital education content and creates a space for creators, inventors, consumers, and distribution platforms to gather and coexist within the single ecosystem.
The $LBL is an Ethereum-based utility and governance token that is primarily oriented to drive the growth on the LABEL platform and is a critical unit to integrate all its features and to provide increasing levels of decision-making ability and control over the decentralized platform to the stakeholders. LBL Holders are entitled to the additional rewards, provided they engage in staking their LBLs in the DAO, which also enables the holders to participate in the major governance voting processes. LBL Token is primarily utilized to build the robust token economy in the LABEL Platform by serving as a payment, staking, and governance unit.
LABEL Foundation Supply
There are 529,312,500.00 LBL in supply worldwide.
Pros and Cons of LABEL Foundation
Pros of LABEL Foundation
- There is a surge in the market price currently
- Project whitepaper available
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website
Cons of LABEL Foundation
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is LABEL Foundation Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, LABEL Foundation have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is LABEL Foundation Safe?
Being willing to invest in any token is a question entirely up to you to answer. LABEL Foundation token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about LABEL Foundation on the comment section below. Don’t forget to rate and leave a review.