South Korean exchange Coinone has listed Label Foundation, a blockchain-based protocol for incubating global educational content (LBL),

Label Foundation – Major Milestone

This move is huge for LABEL Foundation given the Korean regulatory system. The strict crypto laws have made it difficult to list on South Korean stock exchanges.

Additionally, exchanges who are not in compliance with regulatory requirements face severe scrutiny from local financial regulators. This has resulted in a market that is limited to top exchanges who are able to comply with the new regulations.

Coinone is South Korea’s fourth largest platform for digital assets and offers the perfect platform to LABEL Foundation. The exchange will also list LBL trading pairs along with KRW (South Korean Currency), on its spot-market trading platform.

South Korea’s market is the largest worldwide, so users can purchase LBL tokens with their KRW. LBL token owners will also be able deposit tokens on the exchange platform, which offers seamless trading.

An Innovative Blockchain Platform

LABEL Foundation was built upon and incorporates a unique incubator system that allows course creators to get the funding they need. Investors have the option to fund projects and receive rewards.

Users vote on the courses that they like and then incubate them. The course that is selected receives funding from the investors, who each get a portion of an NFT.

The shares can be retained and the profits from course sales can be used to pay for their own shares. Or they may liquidate their shares in supported markets that allow them to trade other digital or crypto assets.

The Ecosystem is undergoing more changes

Coinone has listed the LABEL Foundation LBL (LBL) after Clesson, its parent company received substantial equity funding from two major South Korean investment funds.

LABEL Foundation is a key stakeholder and has made significant inroads into the blockchain industry. Its decentralized approach to education has allowed creators as well as instructors to benefit from the solutions and products.

Label Foundation is proud to have made several partnerships since it was launched. OPENTRACK supports the label, which is a top music education platform in South Korea. OPENTRACK provided the best instructors, and is releasing their 2nd edition of content. OPENTRACK has also partnered up with ONTO Wallet, and other top musicians like Philip Lassiter or Carlton Lynn.

Label Foundation plans to expand its ecosystem with the addition of a marketplace and NFT platform. This will make it possible to tokenize secured IP rights that are sold to customers through the incubation platform.

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