LaunchBlock ($LBP) is a Ethereum based decentralized digital asset fund raising platform. Providing all users and DAO members an ecosystem to access early stage investment opportunities whilst providing the services and utility of decentralized finance (De-Fi).
By removing the barrier to entry, and providing full educational and background information on the projects, we decrease time and expense for users searching for significant opportunities.
The platform operates as an all-in-one solution for projects launching on Ethereum, with support for additional chains such as BNB Chain, Polygon, Cronos and others (See Roadmap for more information). Supported by the LBP token providing access for DAO members and users to participate in activities on the launchblock.com platform opportunities based on their tier level within Launchblock.com.
The native digital cryptographically-secured fungible ECR-20 token of the Launchblock.com platform (ticker symbol LBP) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Launchblock.com, engineered to be an interoperable utility token on the platform. LBP is a live asset dedicated to the various use cases specified in the Whitepaper.
The LBP token is a utility token that is used to provide accessibility to the family of users on the Launchblock.com platform, offering an efficient and safe process of payment and settlement to the user base within the ecosystem. LBP provides the economic incentives which will be distributed to encourage users to contribute to and participate with the use cases on the Launchblock.com platform, creating a mutually beneficial system where every participant is fairly compensated for their efforts. Given that additional LBP will be awarded to a DAO members based only on its actual usage, activity and contribution on the Launchblock.com platform and/or proportionate to the frequency and volume of transactions, users of the platform and/or holders of LBP which did not actively participate will not receive any LBP incentives.
LBP token is at the forefront of the platform, functioning as an access token which allows users to gain tiered access to exclusive privileges and preferential terms. Other financial incentives shall be built accordingly, providing opportunity for all users in the ecosystem.
LBP holders will be provided a variety of privileges and preferential terms for holding LBP tokens (these benefits will not be available to users without LBP tokens), who will be limited by the default restrictions. To allow easy access to LBP for users to access the platform functionalities, other users holding tokens would need to be incentivised to play the role of liquidity providers and stake their digital asset pairs into the decentralised market making pools to provide the necessary liquidity for transactions. To encourage this behaviour which assists in market adoption, these liquidity providers would be rewarded with LBP (i.e. "liquidity mining". The various use cases offer the users the opportunity to capitalize on the various opportunities available at Launchblock.com.
