Labrys (LAB) - ICO Fail or Short Lived | Coinopsy
Labrys (LAB) - Dead Coins

Labrys (LAB) - ICO Fail or Short Lived | Coinopsy

Labrys was founded in 2017, it is not trading on any exchanges. Labrys was added to the dead coins list due to being ICO Fail or Short Lived. Founder/CEO is Taber Silver.

Summary

  • Main reasons for dead coin listing ICO Fail or Short Lived.
  • Started 2017, Ended 2019.
  • Social media ended active.
  • Trading ticker (LAB).
  • 430,000,000 Tokens total.
  • Not available to trade on any exchanges.
  • Was built on Ethereum blockchain.
  • Website is still up.
  • The Founder/SEO is Taber Silver.

Further Details

Notes

Failed ICO.

Links

https://web.archive.org/web/20171107140557/http://www.labrys.io/ https://labrys.io/ https://www.facebook.com/labrys.io/ https://twitter.com/labrys_io

Screenshot

Screenshot Archived:

COPY PASTE FROM OLD WEBSITE

ABOUT LABRYS

We are building a platform to radically change the way individuals and institutions invest in bonds. Built on Ethereum, the Labrys Platform will utilise the benefits of blockchain to forge the most efficient investment gateway to the global bond market. Through the tokenisation of bonds, we are able to eliminate middlemen, establishing a direct relationship between issuer and investor.

Bond market

A bond is a financial instrument issued by companies in order to borrow large amounts of capital. The bonds are purchased by investors to recieve regular interest payments higher than those traditionally offered by banks. The bond market is the world’s largest asset class, valued at over $217 Trillion USD in 2017. In comparison, the total value of the global stock market is only $76.3 Trillion USD and the total market capitalisation of all cryptocurrencies is merely $175 Billion USD. As strong believers in the blockchain movement, Labrys is excited about the potential to bring a substantial amount of capital into the cryptocurrency ecosystem by building a bridge between these two markets.

Limitations

Plagued with fees and inefficiencies, the bond brokerage market is structured in a way that forces the bond through many hands before reaching the investor. This inflates fees, forcing large minimum investment amounts which can start as high as $500 000 USD restricting investors to those of high net worth. The Labrys platform will remove these inefficiencies by making middlemen redudant.

Labrys Wallet

The Labrys Wallet is the tool to gain ownership of blockchain based bonds. It is the gateway to all communication with the underlying Ethereum smart contracts, which secure the investments. Users will manage their own bond portfolio from within the Wallet which includes the buying and selling of bonds and collection of interest payments.

Stake LAB Tokens

To gain ownership of a bond, user's must lock up their LAB tokens in a smart contract for the duration of their investment, thus reducing the circulating supply. By doing so, user's will be entitled to receive regular interest payments direct to their Labrys Wallet.

Interest payments

Interest payments will be paid directly to the Labrys Wallet in the form of LAB Tokens. As the total supply of tokens is fixed, these tokens will be bought on the open market, creating price support.

BOARDERLESS INVESTING

By brining bonds to a decentralised platform, Labrys makes investing in bonds an inclusive and permissionless process. This democratisation of the bond market will enable accelerated growth by reaching investors previously locked out of the market.

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