Label Foundation - Seoul

LABEL is a blockchain-based education content incubation integration service. LABEL induces high-quality education content through the education content incubation system and creates a digital space for content creators, investors, distributors, and consumers to coexist in a total decentralized ecosystem, by utilizing transparent settlement systems on the basis of smart contracts. LABEL team builds up an ecosystem that establishes an incubating system, that will purport to provide an easier access to investment / promotion / distribution and improve an unfair profit structure that exists in the current sphere, striving to prevent copyright infringement cases across the industry. The pillars that will be developed inside of the LABEL Value Chain ecosystem are as following: Incubating  

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System The core idea behind the “Incubating System” is that anyone can register their digital course related to the career or job training and education inside of the LABEL. For the course to be eligible for the listing on the platform, it has to go through the voting system, where the votes are governed by the users and the selection process is carried out according to their votes. Once the selection process is over, the selected course will be provided with the investments in LBL tokens, that are contributed by either partner sales platforms, consumers or individual investors. Settlement System through the usage of NFT and Smart Contracts The courses, that have successfully received investments, will be registered as an NFT standard, which will clearly illustrate the share ratio of the ownership according to the contributions of instructors, voters and investors. The information on sales revenue from partner platforms will be released on the NFT Page, and the revenue generated by the course will be accurately distributed based on the NFT Equity Ratio that is registered in the Smart Contract. NFT Market The Course Creator, as well as the voters and inventors that have participated in the incubating process, including the selling platform itself and publicist can sell or trade their NFT share ratio in the NFT Market. The presence of the NFT Market enables the NFT owners to quickly liquidate their position and recover some of their expected future profit, whereas buyers can keep getting their stable profit slices continuously.