Bitcoin Forum

IMPORTANT UPDATE

Following an overwhelming embrace of our project in 2017, we have been offered an exciting opportunity to further develop the Alpha version of our platform and test our technology within the Debt Capital Market space prior to our token offering.

As a result, the Labrys development team and our advisors have decided to postpone our ICO for now, shifting our resources towards finalising the Alpha platform and building on our strategic partnerships. We believe this investment will only improve the position of Labrys as it builds toward an ICO.

We are both grateful and humbled by the support Labrys has received from the community, early investors and institutions. We are committed to building blockchain solutions that improve the bond market for all participants and are confident that this decision will be the most advantageous for both our community and the long-term sustainability of Labrys. Please stay tuned for further updates.

Labrys Team.

helping for image :)

Thanks dimox, was hoping someone would help us out with that.

Anyone interested in knowing more about Labrys, please post here, join our Telegram or ask us on socials.

We will be having a bounty campaign, check back here shortly for links, will be up soon.


Thanks guys :)

check my pm please sir  :)
or we also can chat in telegram  ;)

It's very good that you guys are straight forward on your goal that every person is ofcourse, wanting to earn profit. May I just know would you be providing your own e-wallet? And as an addition, how well is your security? Would you guys be taking effect on 2FA or SMS confirmation?

I agree since security should be the top priority for every company. If one discrepancy happens to a customer it would affect your company. It is the smallest details that would a big effect on the company.

From what I understand this would be an exchange site like FOREX and PSE? Would you guys have an escrow for your company?

I think that most foreign exchange sites have an escrow. I just want to know how much would it be for an investment? Would there be a liquidity pool as well for the dividends of each investor?

I can't seem to access the whitepaper...

This would be great actually. However, since your target is to provide revenue for the users or your customers. I'm just curious on how you would earn income and what would be the vision of your company.

Great project - so in summary, this project aims to allow small time investors to access the bond market of traditional companies, through using their cryptocurrency?

I've noticed a few other fintech/investment type ico's recently, but many focus on investing in other coins. Is your intent to flip it and focus investment more on traditional companies and bonds, but with cryptocurrency (through Labrys tokens) being the method of providing the capital?

How about security? Like E-mail verification, Double IP restriction or what so ever, can your investors and/or clients have the assurance that they are secured with your company?

Yes, we will be releasing our own wallet, the Labrys Wallet, where users can manage their bond portfolio directly. The wallet will be secure with industry standard 2FA and private keys encrypted and stored on users device.

How about the same security? What's the difference between the two COINS of the PPP and the PPT? Is there any technical and creative update?

Correct, investors of all sizes and from anywhere in the world will be able to fund their wallet with LAB tokens and gain ownership over bonds on offer to start receiving regular interest payments. Further down the development lifecycle, companies will be able to issue smart bonds directly through the Labrys Platform, completely bypassing traditional methods.

Will your coin be listed on any exchange? Are you guys in need of translators as of the moment as well?

We agree it will be great, users will be able to maintain ownership of their crypto while earning guaranteed interest on it. Our business will earn income by taking a small clipping fee from coupon payments initially. However, when issuing smartbonds, we will be able to provide much more competitive rates then traditional brokers as automation through smart contracts significantly reduces cost.

Our vision is to create a new industry standard to act as the backbone of the debt capital market. We know that this world's largest market must move to a blockchain architecture and we want to make it happen.

I was reading through your picture since I couldn't access your white paper. I think this would be somewhat like an exchange but compared to others, we could access this to our wallet. In regard to the previous messages by some people regarding security, what about our funds? If ever I try to invest on your company, would I have full control on my funds?

Does this mean that we can withdraw our funds anytime also?

Since I am a little investor, would it be possible for me to go on with the big guys? I hope you get what I mean.

We are communicating with small, medium and large exchanges to add LAB tokens as soon as the ICO is complete. Will update as soon as we get confirmations. Join our Telegram channel to be sure not to miss any news  :)

Yes it does! Meaning anyone can get access to a known interest return, for any amount, for any length of time and from their own wallet.

Thanks. And would Lab token holders choose the bonds they wish to invest in, or would the company, or would you be making recommendations on bonds?

Mainly asking to see if there will be a 'financial advisor' aspect to the platform, or if it is more a conduit to bond markets with Lab holders deciding where they want to invest.  
 

Investing $10 into bonds will undergo the same process (bar different security level requirements) as $100,000 investment would. So yes, it is possible.

I like how your team designed the website and wrote the whitepaper a lot. This project is unique to me. But, how about the security? did your team think of it? I hope there will be a 2FA and email verification for a new login, and how you will guarantee that this coin has a bright future?

Does the ICO have airdrop? bounty?

Nice project! Welcome to our website. We are the most informative ICO list, it helps you with funding. Good luck, guys  ;)

We feel we are bringing something quite unique to the space yes. Security will indeed by a top priority in the design of the Labrys Wallet, industry standard 2FA will be implemented and private keys encrypted and stored locally.

The future of the LAB token ultimately comes down to supply and demand once trading on open markets, although, we have designed a token economy in a way that creates price support in two ways.

1. LAB tokens will be locked while in use; decreasing supply
2. To pay users interest payments in LAB tokens, Labrys will buy these off the open market as needed

Hope I've answered your questions.

We will be running a Bounty campaign yes. The thread will be up shortly.

This is one great project. It provides most efficient investment gateway to the global bond market, through the use of smark technology, which anyone in the worlds has the ability to invest in bonds.

This would be great actually. However, since your target is to provide revenue for the users or your customers. I'm just curious on how you would earn income and what would be the vision of your company

How much the minimum deposit? I read your benefits of bonds, how much do i earn in bond?

It is good way to see some type of protection against high volatility in cryptocurrencies by investing in these bonds. It is trillions dollars market which also will shift on blockchain to show maximum safety,transparency and benefits. I have this project on my watch after reading at big about this.

Using Blockchain technology, Labrys will democratise the bond market for all investors and provide access to fixed income markets through a smartphone, tablet or PC. Sounds so good. AMAZING ! IT WILL BE SUCCEED RAPIDLY. Society must aware of it.

Hi, there will be no minimum deposit to contribute to the token sale or purchase bonds. Interest returned from bonds typically ranges from 3-10% depending on risk level, although we expect to be able to return higher rates when dealing directly in smart bonds.

if we can withdraw our funds, is there any fee upon withdrawal? How much will it cost your client with regards to the withdrawal fee? How about withdrawal limit?

by building the Labrys Wallet on Blockchain, they will provide fast and transparent bond investments for users. wow! Labry wallet on blockchain. it will be a bigger project ! goodluck dev !  I will follow your project.

A am a little bit puzzled about the bond market capitalization. Is the capital worth of 217 trillion USD is coming from your team or your stockholders?
You claimed that you are greater than compare to what global stock market has and I saw the big difference of amount. Global stock market only has 76.3 trillion USD.

When we refer to the global debt market cap being $217 Trillion, we are referring to the already existing market. Labrys aims to provide a better alternative for both companies wishing to issue bonds and investors wishing to buy bonds, thus potentially taking some of this market share.

Just a silly question, from where did your team got inspired about the bonds name?

It's a nice idea to radically change the way individuals and institutions invest in bonds using this Labrys.io. Hope this will have a faster progress and development on this idea, for the customers satisfaction.

We decided to use Labrys as it's Greek meaning is "A double-edged sword" which is often used as an analogy for financial markets, in that they can swing both ways. 

New project! Hey, during the ICO what will be the exchange rate for ETH to Labrys?

I know this will be a great project, Hoping I can invest soon. For now good luck and I'm going to spread the good news.

I almost confused with LBRY, but it seems to be a good project, and I also believe that the airdrop helps spread the project.

The ETH/LAB exchange rate will be announced closer to the ICO but will reflect a $0.10USD/LAB price.

when is the start of your bounty campaign? How about social media campaigns and airdrops  will you have those also? I kinda like to join one of your campaign.

great idea smart contracts for bonds! any bounty programme available?

I think this will be a great project, and for that I was hoping I can invest soon here in Labrys. But for now I was looking forward for better progress and development of this project.

There will be bounties for signature use, social media, publications and translations. Details will be uploaded shortly.

I am interested to join your bounty campaign. How much tokens are going to set aside for your bounty campaign?

I'm hoping that you will put a reasonable amount of tokens per bounty so we will be happy in joining it.

Ok. As you say: " Labrys is a decentralized network that extends the efficiency of the global bond market through the use of smartbond technology." What is "smartbond technology"?

Great to hear you are interested, up to 2% of the total tokens created will go to bounties, this is quite substantial and will allow participants to earn big bounties

A smartbond is a bond created by using smart contracts on the blockchain. The Labrys platform will allow companies to easily issue new bonds directly on the blockchain, known as a smartbond.

Even after I just deposited 5 minutes ago, and I decided to invest in another token, are it can be withdrawn?

Our crowdsale will be held through Ethereum and our platform is being build on Ethereum smart contracts.

Great. Companies can issue their bonds easily without having to be as complex as before. However, very few companies know about the project.

total token is 430 m

Labrys Wallet seems interesting, I think this is a great idea because consumers will be able to choose between an ever-expanding range of fixed income options and receive frequent coupon payments that will be deposited directly into their Labrys Wallet.

Is there any more things to come in the future, like any advanced real time things which still you need to add?

Great job. Investing here will sure your crypto. I will spread LABRYS in our community so they will be aware of it.

I like the idea of "smartbond", providing a smart hybrid of fixed income asset investment while riding on cryptocurrency wave. Furthermore, open up for small time investors to access to bond investment.

But I do want to know what is the mechanism or factor that decide which bonds or the ibond investment is limit to US-based bonds?

And what happen to unsold tokens?

thanks

Is Labrys already listed in some exchanges? Like Mercatox, IDEX etc..

Yes we also believe having a fixed return on investment while maintaining complete ownership over the underlying crypto asset is something the crypto community currently lacks but is essential.

Initially, bonds will be purchased from Australian issuers however as the platform grows, other currency denominated bonds will be added, including smartbonds denominated in crypto.

There will be no unsold tokens as tokens will be created as contributions come through, with a max supply cap of 430,000,000 LAB

So the Labrys token will be distributed among public contributors during the crowdsale starting in January, 2018. I think, this is nice, so I'm looking forward to this and hope for a better progress.

Certainly LABRYS will list on exchanges after the ICO ends. They are negotiating with the exchange, will soon have news.

Is LABRYS Crowdsale available internationally? How about investors, do you limit investors from other other countries or do you have countries in particular to join the Crowdsale?

It is possible yes in the future.

Investors from countries that do not legally allow investing in ICO's will not be able to contribute.

Exactly, this is why we need the communities help to raise awareness of what we are doing. If you'd like to help us grow our community and be rewarded for it head over to our BOUNTY THREAD (https://bitcointalk.org/index.php?topic=2492962) for details :)

This project brings a unique idea to bring the technology and all of its benefits to the wider investment and cryptocurrency community for connecting the markets. I hope this project aim its goal and I'm lookin forward to this.

I have one question: Will the project continue if the capital is not enough at the end of the ICO?

This is really great. 100% efficient and great use of technology and use of resources. It maximizes profit and uses the decreases to its least. Highly recommendable. Thumbs up for this one!

If minimum raising amounts are not reached the project will not be able to go ahead, unless we receive substantial funding from traditional venture capital.

The Labrys is making its progress better. By using the unique advantages inherent in Blockchain technology, such as transparency, auditability and smart contracts, Labrys can provide access to bond markets through your smart device. So I hope more people become aware of what good this project is doing.

Like the project! I stay tuned

What is labrys for? Is it a good idea to bond to blockchain?
How long it will take to bond to blockchain and what will happen if some people dont want labrys to bong blockchain? What will you do? And lastly what are the advantages in labrys?thanks for the answer

Uou allow small time investors to invest in your project. Great idea by giving opportunity to small time investors to participate in this kind of project. This will give small time investors to build community with big time investors.

I'm seeing that Labrys is a great project but in bond we get one time profit .Bond profit is fixed but labrys token price is unknown??

what will happen to your investors of you did not reach the amounts of profit you expected to gain?

We aim to do two things at Labrys, remove barriers to entry by making it easy to invest in bonds, and provide infrastructure for companies to issue bonds directly on blockchain - saving them time and money. We think blockchain is a perfect solution for bonds as the process a bond goes through involves many middlemen, which can be automated. If you see our roadmap we aim to have blockchain based bonds live in 2019.

Advantages for users: receive interest payments on crypto holdings while maintaining ownership over underlying assets, giving users a higher return on their capital. As mentioned above, companies wishing to issue blockchain based bonds will save a lot of time and money doing so.

Interest received from bonds will be fixed yes. There will be multiple options available once the full platform is launched such as pegging the underlying asset to a fixed value or letting the underlying asset fluctuate.

Do you the have the lists of a particular country that is not eligible to participate in the company? But what if there's an investor whose eager to invest in your company but he is not allowed to because he lives in a country that is restricted to participate what would you do?

When the full platform will launch after end of ICO??
Then you are telling that we will get extra benefit with LABRYS token??

It seems  very promising project. A smartbond is a bond created by using smart contracts on the blockchain. Like it.

Ok. What is the minimum level for the project to continue after the ICO?

bonds on blockchain. seems revolutionary. are you the first to issue a token like this? i will definitely try your bounty.

Labrys use Blockchain technology to democratise the bond market for all investors and provide access to fixed income markets through a smartphone, tablet or PC. The Finance industry is slowly making a transition towards Blockchain technology

What struck me most was the information contained in the project, very clear, direct and complete, the project so far seems to be promising, I hope it can go forward, so I can know if over time the project will comply with everything it says. success.

Having the ability to provide access to bond markets through your smart device, is a great idea for every users of Labrys. It's an ease of access to each one of us, especially today that smart device are all just everyone to anyone. I hope that Labrys will continue its leading its transition for the Debt Capital Market.

The minimum level of capital for us to continue will be 1 million USD. If the minimum is not raised during our token sale, all contributions will be returned to investors automatically by the smart contract.

If we do not reach our minimum funding target of 1 million USD, all contributions will be returned to investors by the smart contract.

man this seems like a revolutionary idea, i haven't heard of anyone doing this thats as far ahead as you guys! the first mover advantage is huge as others a years away. i have a few questions about the project. theres a lot of circulating coins how will you maintain the value of your LAB token and make it not fall? also will we be able to openly trade these tokens on exchange?

Love it. I am a designer and must say that the design is really good.

Thanks for your comment. Yes, LAB Tokens will trade freely on cryptocurrency exchanges after ICO. As we've mentioned before, the price of LAB Tokens once traded on the open market will be determined by supply and demand and thus price is out of our control. However, we have structured the use of the token in a way that will create price support and limit supply:
- LAB Tokens are locked up in smart contract while in use (reducing circulating supply)
- When paying users' interest payments in LAB, these will be purchased off the open market (creating price support)

if you do not reach the target amount, all contribution will return back to investors but wil they recieve the exact amount of what they invest or just 50% of it?

you have your own wallet too. Good to here that it has private key encrypted, does this also have double IP restriction?

In this event, investors will receive their entire investment back, minus the gas fees used by the network

Hope the project can continue. How long will it take to return the investment to the customer?

About the coupon, maturity and special payments. How much it cost for the fixed administrative fees?

There will be no administrative fees charged, users on the platform will receive a fixed interest on their investments. 

This project can provide access to this market by combining innovative technology with financial prowess and by using the efficiencies of Blockchain technology, such as transparency, auditability and the use of smart contracts, combined with the international appeal of, and access to, cryptocurrency markets, both small and large investors will have an opportunity to invest in bonds without excessive fees
or complex arrangements. Labrys is doing great on its way to market success.

There will be no minimum deposit size through the ICO. Please sign up on our Website (https://labrys.io) so not to miss it.

And then what will happen to your company after you return the investments of all the investors when you did not reach the target sale? Will be having another pre-sale after that?

I don't think so that there have any way to start again pre-sale after failing to reach the target sell.

I believe that this project has a really great potential to success in the market by building the Labrys Wallet on Blockchain, if that happens we can provide fast and l transparent bond investments for users.

if that happens, the company will still look for another way right? You maybe failed for the first attemp but there's always room for a second chance. You can always create a much better platform, a much better concept, a much better strategy. You failed once, but success always comes next.

What if this company got corrupted and cant get a way to give back the money who invests? What will you do? So be careful with your project sometimes theres a scam and i wish this project will be successful

what if you hit more than what you aim, would you consider for another crowdsale?

I agree you. I believe that security would be one of the top most priority of every company. Investrors will only invest in a company if they know their investment will be secured and will have a good profit.

Smart contracts will be written to industry standards and audited by a third party before deployment and will handle the return of funds automatically if minimums are not raised.

There will be a maximum hard limit of $30m USD as we've calculated this is how much we would need to completely develop the platform and acquire a great starting range of bonds.

I'm worried I will not get back the money I invest if the crowd funding does not reach its goal! Is there any data LABRYS has gathered that suggest the funding will be a success?

i think LABRYS will be a good project for the future, cause you have nice concept on there, good luck for you and youre team dev  :)

Being different than other projects currently running in this space it has more chances to see maximum founds through the crowd sale. It attracts small investors or those seek some kind of protection. This idea of bonds is stunning that's why I am following the updates for quite some time.

Tell how will your project work if it is possible to buy bond directly on your website or can a bond be bought on another site when making payment of your project's tokens? What kinds of bond can I buy on your site?

OK, as far as I understand all attracted money (beside operating costs) will be invested in creating bond portfolio. So all of your tokens will be collateralized with bond portfolio?

What's the difference with fiat ETF, which invests in bonds?

In this regard I don't expect rocket-type growth of your tokens unless there is rocket-type growth on bond market, because you are low-risk enterprise?

Am I missing something?