LABEL Foundation announces official implementation of the Binance Smart Chain
Tortola, British Virgin Islands, 8 December 2021 The LABEL Foundation recently announced its readiness to deploy Intelligent Chain on Binance using a bridging network developed in partnership with Tokyo-based blockchain company Curvegrid. The implementation of the bridge marks the beginning of LABEL’s integration into the Binance Smart Chain ecosystem.
LABEL can be understood as a blockchain-focused international educational content platform that provides an incubation system that supports various promotion, sales and investment processes to remove the barriers 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 blockchain and education partnerships. He partnered with OpenTrack, Clesson’s leading music education platform. This partnership will provide a range of world-class teachers who deliver original content across the LABEL ecosystem. They also announced their intention to bring world-class artists like Scoop DeVille, Mark Lettieri, Docskim and many more Grammy nominated artists to their token incubation and non-discrimination (NFT) platform – the size of their intellectual property.
Therefore, the main goal of the LABEL Foundation is to provide users with high quality educational and entertainment 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 improve the performance of its decentralized application (DApp).
Creative platform
The NFT framework was built by LABEL on the Ethereum and Binance Smart Chain network and is supported by the LBL utility and native token control code for the sole purpose of creating a platform rights corporation. Thus, LABEL is a decentralized peer-to-peer (P2P) incubation platform that invests in quality educational and entertainment materials through a decentralized autonomous organization (DAO) voting system so that donors can benefit from NFT ownership mechanisms.
In addition, the LABEL platform is creating an ecosystem focused on creating an impartial and decentralized incubation system with the aim of providing content creators in the MOOC industry with improved accessibility. This is an attempt to reinforce the seemingly unfair profit structure that is prevalent in the industry, as well as to prevent piracy across the industry.
Bridge to BSC
According to recent developments, LABEL is now officially a bridge to the Binance Smart Chain, and the token is provided through the MultiBaas middleware created by Curvegrid.
The bridge will connect the main Ethereum network to the Binance Smart Chain, allowing for seamless transfer 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. In the Solana ecosystem, Solanium is a platform based in Amsterdam that is primarily used for management voting, decentralized fundraising, and timely betting. In addition, the LABEL DEX Initial Offer (IDO) must also go to RedKite and NFTb for a public sale.
According to the whitepaper, LABEL aims to provide the infrastructure and framework for music distribution based on the use of blockchain technology through the aforementioned incubator system. This allows you to find and invest in them experts, specialists and specialists. In addition, LABEL will create a fair environment for profit sharing through effective system integration, including in the interests of intellectual property rights. Finally, with the creation of the NFT marketplace, LABEL will set in motion an ethical cycle that will drive the global value chain by incorporating and facilitating trade in IP rights in NFTs. To this end, she is also working with various entertainment and media organizations to focus on developing their respective incubation systems.