Role of Token
Utility token / currency on the platform
No new coin will ever be created
Ethereum (ERC20 extended)
Max Supply (Hard Cap)
March 25, 2018 00:00:00 UTC
April 25, 2018 23:59:59 UTC or if hard cap is reached
1 ETH = 500 LAB
Pre-sale smart contract transfers LabCoins instantly upon receiving ETH
Token Price (first 15 days)
1 ETH = 400 LAB
Token Price (last 15 days)
1 ETH = 300 LAB
Minimum Not Achieved
Smart Contract will issue refunds to all contributors
ICO smart contract transfers LabCoins instantly upon receiving ETH
1 – Register
Use to register for KYC compliance.
2 – Use supported wallet
Use a ERC20 compatible wallet such as MyEtherWallet, Metamask or Mist. Do not send ETH from exchanges.
3 – Set gas limit
Make sure to set Gas Limit to 300,000 (21 Gwei) so that our crowdsale smart contract can process your contribution.
4 – Send ETH
Send ETH to our crowdsale smart contract address.
Please make sure to always copy the address from our website and not from any other sources.
5 – Token distribution
Tokens will be distributed instantly to the address you sent ETH from.
6 – Check LAB balance
Check your LAB balance using etherscan.io or directly in your compatible ERC20 wallet.
LabCoin (symbol: LAB) is a ERC20 token deployed on the Ethereum blockchain. It is the currency used to invest in the innovation projects presented on the LabStart platform. Everybody can use LabCoins to invest and will also be able to trade them on the exchanges once the ICO has ended.
All unsold LabCoins during pre-sale and ICO are burn at the end of each phase.
No more LabCoins will ever be created after the ICO.
Both pre-sale and ICO have a minimum 0.1 ETH contribution per transaction.
For us to be compliant and to offer the token sales to a majority of the countries in the world, we must collect basic KYC (Know Your Customer) data. We will never share this data with any other third party source or use it unwillingly or without first letting you know.
All tokens will be sent right after you participate in the sales (pre-sale & ICO). You will be able to see your LAB in your compatible wallet.
You can check your LabCoin balance on Etherscan.io under the “Token Tracker” heading. Also, wallets have various options to display your ERC20 token.
We don’t. Please do not send ETH from an exchange wallet.
The latest version of the whitepaper posted publicly here is considered the final version. All prior versions are for informational purposes only. Every investor should be familiar with the final version of the LabStart whitepaper before purchasing LabCoins.
LabStart intends to follow through as described in the whitepaper. However, it is impossible to predict the future, and changes in business strategy, the regulatory environment, technologies and other unforeseen circumstances may entail deviations from the described plan. LabStart intends to faithfully follow through on execution of the business plan but retains the right to deviate from the whitepaper as needed to succeed.
If you want to know more about patents and patent jurisdiction, please visit WIPO website: