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2. LAB

$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.
Community's voice
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:
Total Raise
Total Supply
Public listing
7.2M USD
300M
0.16 USD /
Allocations of LAB token
Allocation details in the below table
Allocation
of total supply
LAB
Details
Alab Studio Treasury
15
45M
The reserve is mostly used in governance, funding projects, buy back Ting and floor sweeping.
Funding round
20
60M
Released 5
monthly, locked for the first 4 months after game launch.
Team
15
45M
Released 5
monthly, locked for the first 4 months after game launch.
Dev & marketing
10
30M
Unlocked.
Advisors
5
15M
Released 5
monthly, locked for the first 4 months after game launch.
Play & Earn
10
30M
Unlocked at game launch.
Community events
5
15M
Stretch goals events, community milestones airdrops.
Liquidity Pools
10
30M
30
of which will immediately be put in LP, 5
to be added every month following the public sale.
Staking rewards
10
30M
Unlocked.
Last modified 3mo ago