Labrys ICO: Blockchain Distributed Ledger Technology For FinTech?
Australian FinTech startup Labrys specializes in Distributed Ledger Technology (DLT) to improve the performance, security, and efficiency of various financial markets. The company is on a mission to establish a collaboration platform with financial and technology institutions in order to make the financial industry and financial markets more inclusive, fair, and nurturing to new ideas. Labrys was founded by a team of strong believers in practical and meaningful technological innovation that will drive the world to a better future.
About Labrys And Labrys Platform
It’s no surprise that it didn’t take long for the market to come up with cryptocurrency and digital assets investment bods – after all, bonds have been an integral part of financial investment ever since individuals and businesses discovered how useful they are. Labrys relies on the latest blockchain technology to offer a unified transaction layer on which better and newer enterprise applications can run on.
The Labrys Platform is essentially a multi-layered architecture of distributed ledgers, redundant data stores, and enterprise services which, together, deliver a high performance, highly secure, and very scalable financial services that all the involved parties can trust. Labrys’ platform aims to revolutionize how bonds are invested, thereby disrupting a market that everyone at some point thought would be impossible to simplify.
Wholly developed to run on Ethereum’s blockchain platform, Labrys aims to forge a resourceful and easier route to the global bonds market. One of the best features that makes Labrys stand out is the fact that the company has managed to tokenize the entire process of bond investment, in the process cutting out the middleman and setting up a dependable and trusted connection between the investor and the user.
The aim of Labrys is to bring not only bonds to the blockchain, but to create new value in the investment process that is rewarded with tokenized bonds. Once an investment process is tokenized, there will be a strong and trusted relationship between the two involved parties, and both will enjoy a cheaper but faster and highly secure transaction processes.
The Labrys platform is made up of three elements:
At the heart of the Labrys distributed ledger platform, which includes the Labrys product stack, is LABcore. This is a proprietary blockchain platform that is purposefully built to necessitate as well as optimize how enterprise applications and services used on the platform are created and run.
This is the suite of Labrys’ modular enterprise software. This is the essential tool that makes it possible for market participants to interact with the platform’s distributed ledger and to access custom capital services and tools.
LABapps is essentially a client-facing web and mobile application that uses a controlled API tool to grant end users and investors access to the LABrem services.
Labrys ICO Details
Labrys is still new in the blockchain and cryptocurrency platform, and as such, they are still working on how to structure their initial coin offering to support platform development. Here are the available details of the ICO:
- Company: LABRYS
- Country: AUSTRALIA
- Token: Ethereum
- Token Name and Symbol: LABRYS, LAB
- Price: 0.10 USD / 1 LAB
- Accepted currencies: ETH
- Softcap: $10 000 000 $
- Hardcap: $30,000,000
- ICO date: TBA