Label to host NFTb IDO on the 16th

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[Blockchain Today Correspondent Han Ji-hye] NFT-based lecture fee sharing platform LABEL (LABEL) announced on the 16th that it will conduct IDO at Binance Smart Chain-based NFT marketplace NFTb.

IDO refers to a method of raising funds on a decentralized exchange. Participation in IDO requires staking on NFTb’s Tiered Model. After that, after accessing the website, you can participate with the personal wallet ‘Meta Mask’ in which ‘NFTb’, the ecosystem token of the NFTb network, is staked. More details can be found on the label’s official website and official SNS channels.

LABEL is a platform that builds an ecosystem by making the content of creators NFT based on block chain technology, and maximizing the interests of creators with the right to use NFT for LBL token holders.

In addition, an incubating system that supports investment, distribution, and public relations will be introduced to break down the high barriers to entry for existing lecture production and investment. Ultimately, a label is a project that offers solutions to ameliorate content creators’ unreasonable profit distribution structure.

“Label is an innovative blockchain technology-based project that improves the chronic problems of lecture content platforms such as the existing MOOC service,” said Kim Hyung-jun, Chief Operating Officer of Label. We are very happy to attract holders and to be one step closer to our goal.”

On the other hand, LABEL supports Binance Smart Chain (BSC), a blockchain platform developed by Binance, the global No. 1 cryptocurrency exchange, and will be able to transmit its own token LBL (LBL) in both BEP-20 and ERC-20.

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