AMA with Label Foundation

🎙 Join us for an AMA in the @Decentralized_Club Telegram group, where our honorable guest, the Chief Security Officer of Label Foundation will be answering your questions and providing more insight about their project.

Also, stand a chance to get rewarded. 😉

📝 Guidelines:

Segment 1: Introduction (@cryptoTALK01 will interact with the Label Foundation team).
Segment 2: Twitter Questions.
Segment 3: Website Questions.
Segment 4: Live Telegram Questions.

➖ A pool worth 100$ USDT to be airdropped.

1️⃣ 4 best Telegram questions get 10$ USDT each.
2️⃣ 3 best Twitter questions get 10$ USDT each.
3️⃣ 3 best Website questions get 10$ USDT each.

📌 In order to be eligible for any prizes, you must join Label Foundation Official Telegram & Twitter before AMA! ‼️

➖ Date & Time: 18.11.2021 🗒 at 1.00PM (UTC) | 6.30PM (IST) | 8.00AM (EST) ⌚️

➖ Website Question Posting Link: ➡️

AMA with Label Foundation

➖ Twitter Question Posting Link: ➡️

➖ For more details:

https://label.foundation/

https://www.facebook.com/labelfoundation

➖ Timer for this AMA: ⌚️ https://decentralizedclub.live/ama-with-label-foundation/ ⌛️

📌 TnC:

▪️To be eligible for the rewards, please join the following Telegram and Twitter groups:

👉 https://t.me/decentralized_club
👉 https://t.me/Label_foundation

👉 https://twitter.com/dens_club
👉 https://twitter.com/LABELFoundation

🌍 Know more:

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38 thoughts on “AMA with Label Foundation”

  1. Is it possible that the community can contribute to the contents of LABEL? Will you allows the public to post contents about music and teach other users?

    • Telegram Username: @Jmagsss
    Reply
  2. Is your project’s focus only revolves around music and songs? How about videos and dancing? Do you also support other types of entertainment or is it just strictly into music?

    • Telegram Username: @Jmagsss
    Reply
  3. The companies “Clesson” and “Opentrack” are based from Korea. Will this mean your products and services are only limited to Korean users under the Korea?

    • Telegram Username: @Jmagsss
    Reply
  4. What label foundation do the developers of these projects plan on integrating to the Blockchain world?

    • Telegram Username: Yomcy01
    Reply
  5. Do you have mathematician in the team who has a formula of how many new tokens should be released when a certain amount of asset circulation is achieved to control sales on your platform?

    • Telegram Username: Yomcy01
    Reply
  6. Can you share with us about your partnerships & influencers you are collaborating with for the progress of the Label foundation Token??

    • Telegram Username: Yomcy01
    Reply
  7. Why deploy $LBL token on ETH blockchain, you have options like BSC, Polygon, solana etc. So why choose ETH Blockchain?

    • Telegram Username: @Shankaradling
    Reply
  8. It is important to know what the team behind the project is like, what their experience is and what heights they can take the project to, because the team behind the project is the foundation of that project, Please can you tell something about your team?

    • Telegram Username: @Tukaram_72
    Reply
  9. LABEL is a revolutionary MOOC platform. But why do you think the necessity of MOOC in blockchain? Can you tell us the reason why you chose to develop LABEL? What problems does you plan to solve?

    • Telegram Username: @albertjaison
    Reply
  10. So LABEL foundation is an NFT entertainment platform where content creators can publish their contents. But will there be any free contents or is everything paid subscriptions? Can the listeners promote their favourite creators by giving them bonuses?

    • Telegram Username: @albertjaison
    Reply
  11. LABEL allows its users to create NFTs and invest in incubating process. So can non NFT creators also invest in these incubation process? So who will have the ownership? Will it be like fractionalized NFTs? Please explain

    • Telegram Username: @albertjaison
    Reply
  12. Regarding Label’s content, I read that your most important mission is to provide HIGH QUALITY content, so what mechanism do you use to verify and ensure this?

    • Telegram Username: @Kherrera22
    Reply
  13. According to your tokenomics you allocate 7% to “Reserve”, why, what will be the function of this fund in the future?

    • Telegram Username: @Kherrera22
    Reply
  14. Label will mainly target the advanced level of students who really want to improve their skills on the LABEL platform. Label will be available for all levels, from beginners to professionals? What teaching strategies does the label platform include?

    • Telegram Username: @Josegamboac
    Reply
  15. NFT LABEL. The idea behind the platform is that creators can NFTize their content while investors and other users can benefit from NFTs by investing. Will Label NFT achieve a fair distribution of the benefits that everyone should be in a win-win position? How do you work to achieve this?

    • Telegram Username: @Josegamboac
    Reply
  16. In reality, governance is created specifically for token holders to allow users to have a decentralized approach to decision-making processes at Label Foundation. How does Label governance work? What type of Governance does Label have? Requirements to participate in Label governance?

    • Telegram Username: @Josegamboac
    Reply
  17. As your whitepaper mentioned, the $ LBL token has payment, governance and participation functions. Can you explain each of these functions in which the $ LBL Token is Useful? What is the purpose of using the token?

    • Telegram Username: @Lestmarisv13
    Reply
  18. Label Foundation has successfully passed the audit by SlowMist, a renowned blockchain-based auditing company. Estima Labes performs multiple audits on your platform? What tools and security layers does Label Foundation have?

    • Telegram Username: @Lestmarisv13
    Reply
  19. Although the initial availability of content on the Foundatiin label will focus on music, it will become more dispersed as we move towards further expansion and decentralization. Towards which branches of entertainment do you intend to expand the Label platform?

    • Telegram Username: @Lestmarisv13
    Reply
  20. LABEL provides the opportunity to create intellectual property rights such as NFT for content creators. What are the current NFT use cases in Label? Will Label continue to add more NFT use cases as it grows?

    • Telegram Username: @Lestmarisv13
    Reply
  21. The Label Foundation was founded in South Korea, and yes, the main partners like Clesson and Opentrack are also from South Korea. Does Label estimate to achieve the globalization of the platform? How do they work for this? In which languages ​​does Label estimate this available?

    • Telegram Username: @Pelusapinto21
    Reply
  22. The LABEL incubation system provides within its services the “verification interlock” function. Could you explain to us exactly what this function consists of? What role does it play within your platform?

    Thank you!

    • Telegram Username: @shitosan
    Reply
  23. The $LBL is an Ethereum-based token. Taking into account that many times the transaction fees on the Ethereum network are quite high, how do you solve this problem? Do you expect to integrate your coin soon to another blockchain network?

    Thank you!

    • Telegram Username: @shitosan
    Reply
  24. I understand that Label is an educational content incubation platform, but what kind of content do you handle on your platform, all allusive to music? Do you have any courses where some kind of certification is given or do users just learn by watching?

    • Telegram Username: @JuanSB07
    Reply
  25. In “Opentrack” I could see that LABEL has the support of several music education and systemic companies in South Korea that have various instructions. Does it mean that you focus on the education of people located in South Korea or your education is totally global? How do you teach people from different regions?

    • Telegram Username: @Raisbelys
    Reply
  26. Can you explain me how I can start learning with Label Foundation, are the services or contents offered free or paid? What are the different learning plans you offer? And for the paid services, how can I pay, in crypto or with your native token?

    • Telegram Username: @RosemaryBianco
    Reply
  27. One use of your $LBL token is that users can receive payments within your platform, but if the token is based or built on Ethereum, isn’t it a problem for users and teachers to have to pay high gas bills? Can you explain me where it can be traded and if you will have more chains available in the future?

    • Telegram Username: @LeyaNir
    Reply
  28. LABEL provides in-house produced content and diverse content through partnerships with various educational platforms. So, could you give us details about this diverse content, what is it specifically about, and how many companies are associated with the platform so far?

    • Telegram Username: @AgenciaATM
    Reply
  29. I saw that some LBL tokens are used as a platform fee and also have a commission fee, so can you explain how both fees are structured? What would be the fees we can find when using your platform? Is it really profitable for the users?

    • Telegram Username: @CarlosZamo
    Reply
  30. I have read on your platform website that the main function is to provide high quality educational content. So, I would like to know what kind of content can be obtained and provided on LABEL. How extensive can the educational subject matter be on the platform?

    • Telegram Username: @AgenciaATM
    Reply
  31. I have read that you have an NFT marketplace, where it is a space to exchange NFT created within the same system. So, when making these transactions, users will have to pay fees for each exchange? Explain a bit about the process and the fees that are set.

    • Telegram Username: @CharlotteD07
    Reply
  32. LABEL has an incubation system where they provide verification interlocking functions and more. Now, how can users enjoy this system, will they have to pay for its acquisition, and what are the advantages offered by the system?

    • Telegram Username: @CharlotteD07
    Reply
  33. Does Label have a free and a paid service system? What benefits can I get under the free system and what are the advantages of the paid service? Do the tools and functions vary? What are your subscription plans?

    • Telegram Username: @KevSalom
    Reply
  34. You mention that $LBL can be used as a payment method for educational content on the platform. Do you have other payment methods to facilitate access to non-cryptographic users who wish to use your platform? Is the payment rate for these educational contents a one-time fee?

    • Telegram Username: @KevSalom
    Reply
  35. LABEL provides self-produced content and diverse content, where users can generate revenue by creating content. So how are these rewards distributed, for views, promotions or productions on your content by the public, could you please explain?

    • Telegram Username: @VickyJ09
    Reply
  36. The native LABEL token can be used in a number of ways, such as payment unit, participation, and governance. But, how would the issue of participation be handled specifically? Will users have to pay to acquire information? Or to publish your content? Could you give us more details.

    • Telegram Username: @VickyJ09
    Reply
  37. Instead of just prmoting educational content through partnerships why did LABEL had the need to produce its own educational content?

    • Telegram Username: @danWickerjil
    Reply

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