lelaapril2004: LabStart - a Blockchain-based investment platform

Website - https://labstart.tech/

The blockchain is better than Kickstarter

Everything that is connected with science and business we have got used to call a word a venture. It not always correct but today this concept appropriate we begin the review of the platform which will connect the inventor of the investor and the businessman in one ecosystem having given the chance to work more effectively and without intermediaries.

We speak about the project under the name LabStart – the decentralized platform which thanks to a blockchain and smart contracts can make investment into scientific projects simpler and less risky without resorting to services of intermediaries and the state institutes.

In this part we will try to explain why this startup is necessary to modern business and why the decentralized technologies do it unique.

The science moves forward

Unless it doesn't seem to you that for the last ten years the world has changed even more than for previous ten? We have received electric vehicles about concepts of which only heard on Discovery smartphones with the touch display which can more than personal computers a few years ago and have even got rid of a photo and video cameras as our phones have taken away to themselves and this functionality.

All thanks to the fact that the science doesn't stand still and every day someone registers the new patent with the new ideas and breaks in traditional perception of the world. But people who create the future – inventors were surrounded with a lot of legislative and financial restrictions which slow down development of science so and our society.

Nevertheless the number of the registered patents grows every day. The countries which couldn't compete even at the minimum level with the developed world now are included into the list richest on GDP indicators per capita (for example Singapore).

Now present that the same potential will develop without any restrictions among which mediation, dumping of value of inventive work and as a result decrease in motivation to work at people who understand regularities of a peace arrangement and are able to use them for mankind.

All this can provide LabStart by means of reasonable architecture of interaction on the platform and of course a blockchain.

For the aid to inventors – a blockchain and LabStart

For certain you know that already now there are platforms on which it is fashionable both to raise funds and to offer on an invention and development. One of them and the most popular to be Kickstarter thanks to which the world has seen a set of useful inventions ( for example graphene earphones or drum sticks for virtual drums are abruptly ).

It is impossible to belittle Kickstarter advantages – in due time it was necessary. But today we see that he possesses several shortcomings which aren't peculiar to LabStart :

Productive investments. When you invest money for Kickstarter that practically nothing from it you receive for yourself. It means that your investment is rather a victim or a gift. For yourself you receive something like a gift from the inventor no more too.
Target use of means. On Kickstarter almost completely there is no control of use of investments and inventors aren't obliged to make anything legally. Everything keeps on respectability of the parties but this side play can be removed by means of smart contracts and a blockchain too.

And if can seem to you that such order of things is the victim towards inventors that is a lie. If the inverter isn't interested in investment of capital looking at the liberal order on Kickstarter that financing goes inertly and half-heartedly. Unless only the project very much to be pleasant to group of philanthropists.

Within the law

From the legal point of view the LabStart platform works at a basis of understanding of patent law. Therefore already now still before I was the ICO team of creators I have created periodic department. The main issue which they will resolve is that how to distribute the right for an invention among the whole team of people – the inventor and investors who will begin vivifying which forces science to develop.

Now is one of right dilemmas which to try to solve the leading lawyers of the world and it is similar that the blockchain is capable to help. The point is that in the distributed register it is quite possible to establish precisely who exactly is the carrier of the right and to be sure that this information will be changed or lost.

The protected investor and the inventor

Patent law on " fingers "

Continuing acquaintance to LabStart we would like to illustrate with an example how simple and convenient will be interaction with the platform of each of the parties. Besides it will bring an essential gain of profit for everyone as we and spoke in the first part of the review.

Inventor John

We will present that John has invented technology which will help to construct the engine which gets energy from air – the legendary concept. But that to construct it not enough only one light thought and calculations on a board but also what helps inventions to appear with our life in the form of real objects – money.

He can receive them in two ways :

From the intermediary ( who by the way too will get him from the intermediary ). As the result financing will be poor because of all commissions collected each of participants of fund raising.
To use the LabStart platform and to make everything much easier and more effective

We won't even begin to consider the first case. First our realities and so are impregnated by him and secondly we already spoke about it in the first part of the review. And the following option – just a subject of our review.

And so John having collected all necessary data exposes the project of the engine on LabStart and specifies what means to him are necessary for the embodiment in life of the idea and describes why all this has to earn (without disclosing highlights which in the future and will become a subject of patent law of John and investors).

The detailed description is necessary in order that the LabStart team could estimate, ambitions of the inventor are how real and whether the project is roguish. It is some kind of boundary of protection with which the platform protects investors from dangerous investment of capital. But it is necessary to remember: venture investments are always risk ( as practice shows justified ).

After careful check John's project arrives on " show-window " of the platform where everyone can make investments in him and receive a benefit share respectively with the contribution. About it further.

Joan's investor

She they are who to hunt for breakthrough inventions like what at John and wants to earn from them. But till LabStart platform launch she had no possibility of direct link with those who generates the new ideas – only intermediaries who not only can't provide honest and transparent interaction though charge a considerable fee for such services.

Having come on LabStart she sees that a certain John waits for financing for development of the legendary engine and he needs 1 million dollars that the idea has become a reality. For the fact that someone will make investments in his project he will grant a part of patent rights on an invention and will allow to earn from it.

Already now Joan sees that John has collected is admissible 400 thousand dollars and wishing not to become less. She understands how favorable can be use of such engine and what than more will be investors the will be higher the competition when it is possible to trade in the right for operation of an invention of John. Therefore she puts 600 thousand more and becomes the largest investor and acquires the greatest right to benefit from what was developed by John.

The gained number of investments means that crowd funding is ended and John can start realization of the ideas and as terms of the contract say to provide a product to the specified term. But it is not the only way to end fund raising. Also there can be a situation when the project doesn't gather sufficient financing before the end of collecting and then the platform automatically closes crowd funding and returns all investments to investors - it is one more boundary of their protection.

Now when John will show a product and will provide technology of creation of the engines of the company can acquire the right for production and their sale. They will pay a royalty for such right to the owner of the patent – to John and investors in that part which they have enclosed in creation of the engine. By the way on LabStart John himself can define a share which he wants to receive from payments for a product what to be a measure of protection of the creator from claims on his rights from unfair investors.

With a blockchain is cheaper

The businessman too in plus

Having paid a lot of attention to the inventor and the investor we have almost told nothing about one more participant of process which gives him sense – the businessman who will use that together have created the two first the participant.

You shouldn't even say that LabStart will make investments into inventions more widespread and will give the chance for more hard work in this direction is and it is so clear even from the nature of the platform. We will begin our today's part of the review from more pragmatic and ordinary benefits – the prices for the right of use of an invention.

We will assume that now the average price for use is 1 thousand dollars. Actually can be both less and more but it isn't so important for our arithmetic example. But she isn't taken at random, and has a number of components which create her:

Actually the price which was exposed by the inventor and investors
The price from investment banks of various companies and other intermediaries
Other factors where enter transportation costs workdays of everyone who worked on sale of technology, etc.

How do you think whether LabStart from $1000 will be able, to make $500 without having done much harm at the same time to either the investor or the company which will acquire the right or to the inventor? Now you learn for certain!

And so about $400 make margins of intermediaries of this one thousand. At first sight it seems impossible but actually it is the truth. If told that about one participant it would be quite bold statement though not fantastic. In reality the technology will reach the company so far passes through tens of hands each of which wants to earn from an invention.

Further there are expenses of which it is impossible to avoid. This research of technology each of participants to understand at what price can realize a product and a coma it will be interesting. In fact it is possible to get rid of them only when using LabStart.

How many does make reward which is earned by the author? As the statistics about 1/3 from the final price which will be paid by the company which will really use a product shows. Here also it turns out that John from the first part will receive about 333 dollars for the motor.

And now we will present that all vicious circle of intermediaries and their expense just wasn't and the company would acquire the right at the inventor and investors – owners of the patent. They knowing the actual cost of a product in the market could put the price much more competitive up to decrease by 50%. Even the price in 500 dollars will bring more benefit on LabStart than 1000 without her use. Here also it turns out that the companies get a product cheaper half at the same time rewards the inventor and motivates him to further developments.

Which cryptocurrency pay inventions

- Bears the name LabCoin and reduction of LAB according to the adopted standard for cryptocurrencies. It will be started in order that the investor could do the investments with all attributes of security characteristic of cryptocurrency.

Usually sceptics haven't enough such argument and they continue to insist that usual money transfer would be far more convenient than purchase and converting of tokens. But there is an argument more significantly – deleting of borders.

When you want to receive good investment that to anything to receive funds only from one country or an economic zone with monocurrency system. Much better if know about your project around the world and the procedure investment is considerably simplified.

Quite so the situation is with tokens of LAB and cryptocurrencies in general. Any of any country can invest tokens and not think of that what national currency the inventor needs subsequently he will have an opportunity to receive any of them having embraced LAB tokens.

On it we finish the review on the LabStart platform. We hope that at them all to turn out and venture investments will be able to become even more widespread and inventors will have an opportunity to create new projects. So good luck of LabStart

LabStart Official Video :

https://youtu.be/ZjwG_b8MEaI

Invest using LabCoins

To make investing in innovative projects easier, LabStart has developed its own token: LabCoin. Aside from being independent of changes in fiat currency rates like dollars, LabCoin enables easier interaction with smart contracts, considering it is an ERC20 token.

LabStart intends to follow up as described in the white paper. However, it is impossible to predict the future, and changes in business strategy, regulatory environment, technology, and other unforeseen circumstances may lead to deviations from the plan outlined. LabStart intends to faithfully follow up the execution of a business plan but retain the right to deviate from the white book it takes to succeed.

Toke parameters

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

Sales Token

ALL UNSOLD TOKENS WILL BE BURNT

Pre public sale Beginning : 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

Started : May 24, 2018 00:00:00 UTC
Expires : June 23, 2018 23:59:59 UTC or if hard cap is reached
Stage Token Price 1 ( first 15 days ) : 1 ETH = 400 LAB
Stage Token Price 2 ( last 15 days ) : 1 ETH = 300 LAB
Minimum Transaction : 0.1 ETH
Hard Cap : 24,450,000 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