$LAB tokens will serve as Alab Studio governance token and will influence all the Studio’s future projects starting with Safrootics, like the Safrootics marketplace where players use $LAB to purchase in-game items and NFTs.
Holders receive a share of the voting power for making decisions about the game’s direction, this share of voting power is directly proportional to the amount of $LAB tokens they hold, $LAB will also be involved with occasional in-game events as well as liquidity pools in external exchanges.
Main Safrootics marketplace currency
$LAB will serve as the marketplace’s main currency for trading Safrootics NFT assets including Tic NFTs and in-game items within the Safrootics marketplace and external NFT marketplaces.
At launch players with $TING tokens will be able to convert their $TING tokens for $LAB tokens directly from the user dashboard in order to trade in the marketplace. Likewise other currency pairs liquidity pools like MATIC/$LAB and ETH/$LAB will be available on exchanges.
Quick details about LAB
$LAB tokens will be used for the funding round token sale, they’ll be issued and unlocked in a predetermined schedule which lasts for a certain amount of months from the date of public game launch. The maximum total supply of $LAB tokens will be 300,000,000 $LAB which is planned to be allocated as follows:
Allocations of LAB token
Allocation details in the below table