man this seems like a revolutionary idea, i haven't heard of anyone doing this thats as far ahead as you guys! the first mover advantage is huge as others a years away. i have a few questions about the project. theres a lot of circulating coins how will you maintain the value of your LAB token and make it not fall? also will we be able to openly trade these tokens on exchange?
Thanks for your comment. Yes, LAB Tokens will trade freely on cryptocurrency exchanges after ICO. As we've mentioned before, the price of LAB Tokens once traded on the open market will be determined by supply and demand and thus price is out of our control. However, we have structured the use of the token in a way that will create price support and limit supply:
- LAB Tokens are locked up in smart contract while in use (reducing circulating supply)
- When paying users' interest payments in LAB, these will be purchased off the open market (creating price support)