Token Utility
CoinLab will become a DAO (Decentralized Autonomous Organization) with the only token - $CLAB. Holders use $CLAB as an native currency in CLAB Ecosystem on top of that it’s also tradable, and has buy-back feature. $CLAB also has some other functionality such as:
- Define Tier to join Private Pool
- Game Incentive from CoinLAB Game Guild
- Staking Reward
CoinLAB holder is able to claim rewards that have been distributed by CLAB by add LP CLAB token in the provided vaults.
Tier Definition:
| Bronze | Silver | Gold | Diamond |
Total Points Required | 400 | 3000 | 4000 | 10,000 |
Minimum CLAB Staked | 0 | 1,000 | 3,000 | 10,000 |
KYC | Yes | Yes | Yes | Yes |
Social Task For Whitelist | Yes | Yes | Not required | Not required |
Private Slot | Raffle | Raffle | Guaranteed | Guaranteed |
Total Points = CLAB Staking Points + Social Task Points
· CLAB Staking Points: 1 CLAB staked = 1 Point. Snapshot moment: End of Registration Phase.
· Social Task Points: Referral Point + Daily Quests
Note: You have to stake the minimum CLAB requirement for your desired Tier. The remaining points for the Tier can be obtained by either staking more CLAB than the minimum, or complete social tasks
Game Incentive from CoinLAB Game Guild
- Investors, who add LP for CLAB/BUSD will receive CLAB token from treasure pool when playing selected game in CoinLAB Game Guild.
- The amount of $CLAB tokens mintes each day is equal to 50% of the tokens has been purchased the previous day. 20% will be returned to our team (Marketing team and Project Development team) and 80% is be added to the Reward (pool)
Staking Reward
- Holders could take CLAB to receive token from partners of CoinLAB
Last modified 1yr ago