LABEL Foundation is pioneering a revolutionary Listen-And-Earn platform, TRACKS, within the Web 3.0 music ecosystem. By seamlessly blending blockchain technology with the music industry, LABEL Foundation offers users the unique opportunity to earn tokens based on their music playback time. This innovative Music-Fi model not only rewards listeners but also empowers musicians, fostering a vibrant community where users can further engage by investing in music distribution, IP, and musician incubation. With the advent of LABEL 2.0, the NFT Marketplace is expanding to include musicians' assets, creations, and educational content, maximizing value for participants and users alike. Dive into the evolving landscape of digital music with LABEL Foundation and discover how we’re enhancing the music experience for everyone.
The LABEL Foundation Ecosystem
Listen-And-Earn Mechanism: TRACKS
LABEL Foundation has developed the world's first platform that includes a Listen-And-Earn mechanism, TRACKS, for the Web 3.0 music platform ecosystem. This innovative feature provides a Music-Fi ecosystem that rewards users with tokens based on their music playback time. Users can contribute to revitalizing the Web 3.0 music platform ecosystem by giving tokens rewarded while listening to music to musicians or spending them within the LABEL platform. This creates a symbiotic relationship between listeners and musicians, fostering a more engaged and supportive community.
Expanding the Web 3.0 Music Platform
In addition to the Listen-And-Earn mechanism, the Web 3.0 music platform will be expanded so that users can contribute to the ecosystem and receive rewards for various roles such as music distribution, IP investment, and musician incubation. This multi-faceted approach ensures that every participant in the ecosystem has the opportunity to benefit and contribute to the platform's growth.
LABEL 2.0: Enhanced NFT Marketplace
LABEL 2.0 extends NFT Marketplace capabilities for musicians. By expanding support for musicians' assets, creations, educational content, and IP sales through blockchain-based technology, LABEL 2.0 maximizes the value of musicians' participation and increases user spending within the ecosystem. This enhancement ensures that musicians can fully leverage their creative output and engage with their audience in new and innovative ways.
Tokenomics and Market Data
Current Market Data
- Current Price: $0.0076
- Market Cap: $14,494,384.04
- 24h Price Change: 11.00%
- 7d Price Change: -11.38%
- 30d Price Change: 119.95%
- 24h High: $0.0081
- 24h Low: $0.0066
- All-Time High: $0.0452 (2022-04-26)
- All-Time Low: $0.0013 (2023-08-17)
- Circulating Supply: 1,913,869,062.47
- Total Supply: 3,000,000,000.00
Token Utility and Governance
The LABEL Foundation crypto token, known as $LBL, is a utility and governance token used within the LABEL ecosystem. The token serves multiple purposes:
- Payment: $LBL tokens are used for purchasing or selling NFT IP (NFT Equity for IP) and Items (NFT items of famous artists) in the NFT Market.
- Governance: $LBL token holders can participate in governance voting processes and stake tokens to receive VP (Voting Power) to participate in important voting proposals.
- Staking: $LBL token holders will be able to participate in staking from 2023, qualifying them to receive compensation from the DAO Funds.
- Profit-Sharing: $LBL token holders can claim profits through the NFT shareholding mechanism, contributing to a fair profit-sharing ecosystem.
Token Distribution Model
The LABEL Foundation token distribution model involves allocating tokens to different stakeholders, including the team, investors, and community. The distribution model can be divided into paid and free of charge models:
- Paid Models: Includes distributing tokens from the investor token pool and the community pool through SAFT (Simple Agreement for Future Tokens), Private Token Sale, launchpads, and Public Token Sale.
- Free of Charge Models: Includes distribution of tokens from the founders' and team's pools and the community pool through Token Transfer for founders, Token Incentive Schemes for team and advisors, airdrops, staking/yielding rewards, etc.
The Team Behind LABEL Foundation
Core Team and Expertise
The LABEL Foundation crypto token is backed by a core team that focuses on building a robust and highly efficient non-fungible tokens (NFTs) infrastructure for content creators. The team's expertise lies in the NFT and blockchain sector, with a strong background in blockchain technology, NFTs, and the entertainment industry. They have developed the world's first platform that includes a Listen-And-Earn mechanism, TRACKS, for the Web 3.0 music platform ecosystem.
Notable Advisors, Partners, and Investors
Notable advisors, partners, and investors involved with the project include Label Advisors, Label Investors, Label Backers, Style Protocol, and DWF Labs. DWF Labs, a top crypto investor named by Coindesk, has invested $1 million in LABEL's ecosystem to support its development.
Track Record and Vision
The LABEL Foundation team has a strong background in blockchain technology, NFTs, and the entertainment industry. They have devised a decentralized P2P incubating platform that allows contributors to claim profits through its native NFT shareholding mechanism. This system provides content creators in the MOOC industry easy access to investment, promotion, and distribution of their IP rights. The team's ability to attract top stars to their platform is also a testament to their credibility and expertise in the industry.
Conclusion
LABEL Foundation is at the forefront of revolutionizing the music industry with its innovative Listen-And-Earn platform, TRACKS, and the enhanced NFT Marketplace capabilities of LABEL 2.0. By seamlessly blending blockchain technology with the music industry, LABEL Foundation offers a unique opportunity for users to earn tokens based on their music playback time, while empowering musicians and fostering a vibrant community. With a strong team, notable advisors, and a clear vision for the future, LABEL Foundation is poised to enhance the music experience for everyone. Dive into the evolving landscape of digital music with LABEL Foundation and discover how we’re enhancing the music experience for everyone.
