LABEL Foundation announces official implementation of the Binance Smart Chain

Press release

Tortola, BVI, December 8, 2021 The LABEL Foundation recently announced its readiness to deploy on Binance Intelligent Chain using a cross-chain bridge it developed in partnership with Tokyo-based blockchain development company Curvegrid. The implementation of the bridge marks the beginning of the integration of LABEL into the Binance Smart Chain ecosystem.

LABEL can be understood as a blockchain-oriented international educational content platform that provides an incubation system that supports various promotion, sales and investment processes to remove the obstacles and challenges associated with current content production and investment procedures.

In light of this development, the LABEL Foundation has expanded its ecosystem to include important partnerships in the blockchain and education industries. It has partnered with OpenTrack, a leading music education platform from Clesson. This partnership will provide a number of world-class teachers who deliver original content within the LABEL ecosystem. They also announced that they have committed to bringing world-class artists like Scoop DeVille, Mark Lettieri, Docskim and many more Grammy-nominated artists to their platform for token incubation and non-discrimination (NFT) – the size of their intellectual rights Property.

The main goal of the LABEL Foundation is therefore to provide users with high quality educational and recreational resources. With the move to the Binance Smart Chain ecosystem, LABEL will of course be able to leverage the best features of the mainnet to scale and increase the performance of its decentralized application (DApp).

A creative platform

An NFT framework has been built by LABEL on the Ethereum network and the Binance Smart Chain and it is supported by the LBL utility and governance code of the native token, with the sole purpose of establishing a platform rights corporation. Therefore, LABEL is a decentralized peer-to-peer (P2P) incubation platform that invests in quality educational and entertainment material through a voting system of a decentralized autonomous organization (DAO) so that donors can benefit through NFT ownership mechanisms.

In addition, the LABEL platform creates an ecosystem that aims to establish an unbiased and decentralized incubation system with the aim of providing content creators in the MOOC industry with improved accessibility. This is an attempt to strengthen the seemingly unfair profit structure that is common in the industry and also to prevent piracy cases across the industry.

Bridge to BSC

According to the latest developments, LABEL is now officially a bridge to Binance Smart Chain and the token is provided via the MultiBaas middleware built by Curvegrid.

The bridge will connect the Ethereum mainnet with the Binance Smart Chain, which enables the smooth transport of LBL tokens from ERC-20 to BEP-20 and vice versa.

In addition, Solanium will join LABEL as a strategic advisor and support the expansion of the LABEL ecosystem. Within the Solana ecosystem, Solanium is an Amsterdam-based platform and is primarily used for governance voting, decentralized fundraising and timed staking. In addition, LABEL’s Initial DEX Offering (IDO) is also set to take place on RedKite and NFTb to conduct a public sale.

According to its whitepaper, LABEL aims to provide an infrastructure and a framework for music distribution based on the use of blockchain technology through the incubator system mentioned above. This enables experts, specialists and specialists to be found and invested in them. In addition, LABEL will create a fair environment for profit sharing through effective system integration, also in the interests of intellectual property rights. Finally, with the establishment of the NFT marketplace, LABEL will set an ethical cycle in motion that will boost the global value chain by embedding IP rights in the NFT and making them easily tradable. To this end, she also works with various organizations in the entertainment and media industries to focus on developing their respective incubation systems.

Contact via media

​​CEO name: Hyungsoon Choi
Email: official@label.foundation