Creating a token for an Initial Coin Offering (ICO) can be extremely complicated.
Tokenlab is a new solution which allow anyone - no matter their technical ability - to tokenise their idea.
Tokenlab perform three main functions:
- Help people create their own tokens.
- Help people to buy and sell their own token.
- Help other people to discover the token that they create.
The Tokenlab Process
Creating a token using token lab is designed to be as easy as possible.
First you need to fill in a form where you provide all of the key details about your planned token.
Tokenlab then takes this information and turns it into a token.
Tokenlab then helps you to distribute that token to everyone who is interested in supporting your project.
The Tokenlab Dashboard
Users will be able to login a Tokenlab dashboard. Once signed in they will have range of different options inside of the dashboard.
These include options to:
- Create a campaign
This will allow the user to create a new token campaign. This option includes its own campaign wizard which walks the user through the creation process. The user will have the opportunity to enter simple to understand criteria like the start and end date for the campaign, token price and a target amount to be distributed. Once the campaign has been issued their contract details for the token will be included on the Gander blockchain explorer. This includes key information like market capitalisation, ownership and price.
- My campaigns
When a user has signed into Tokenlab they will be able to view and manage their ongoing campaigns.
- My Investments
Users of the Tokenlab dashboard won’t just be able to create and manage their own campaigns, they will also be able to contribute to other ICOS. Along with viewing key documents like the ICOs white paper, they will also be able to rate and review projects.
Tokenlabs Buyback Program
In order to reward holders of LAB token and enhance the price, Tokenlab will be using revenue that is generated from the Tokenlab platform to buyback LAB tokens. These revenues will come from the fee that issuers pay when they are launching an ICO.
Tokenlab ICO Details
In order to fund the development, marketing and operations of Tokenlab the company is currently running an Initial Coin Offering that ends on the 3rd of December.
Tokenlab will be distributing LAB Token as part of this token sale. This is a transferable ERC644 Token which has its own ticker with the symbol LAB.
ERC644 Tokens are an essence the next level of the ERC20 token. This was created by the Expanse team, which also developed the gamer.tech blockchain explorer.
Holders of LAB tokens have an ownership of the Tokenlab products. Tokenholders will also be rewarded by buybacks from the revenue which is generated with Tokenlab.
Total supply of LAB tokens will be fixed at 100 million. All of the tokens will be distributed to investors in the ICO. All of the tokens that remain unsold will be burnet at the end of the ICO.
Links For Tokenlab
Tokenlab website: https://www.tokenlab.io/
Tokenlab on Bitcointalk: https://bitcointalk.org/index.php?topic=2153185.0
Tokenlab on Facebook: https://www.facebook.com/groups/expanseofficial/
Tokenlab on Twitter: https://twitter.com/tokenlabio