🏛️Tokenomics

Many X2E projects have enjoyed initial success by offering tokens as rewards for specific behaviors. However, due to the lack of business model and utility, most of the tokens were not consumed/burned within the ecosystem but only used as a cash outlet, resulting in the price of the token continuously declining in inverse proportion to the amount of liquidity accumulated.

In designing the Laboon Token Economy, the most important thing we thought of was to create a sustainable structure based on a solid business model.

A. Who can receive Laboon Token

Laboon Tokens will not be randomly given to anyone. For NFT purchasing users who actively participate in the Laboon community ecosystem, the Laboon Tokens allocated for the period will be differentially distributed according to their rank and participation level. The active community activities of NFT whale users will be an important resource for running the advertising business in the future.

B. Laboon’s Advertising Business Model

The main source of revenue in the Laboon ecosystem is advertising revenue. The Laboon community platform, where NFT purchasing users are gathered, will be the best advertising product for Web 3.0 projects that want to promote their projects or sell NFTs. Advertisers will pay Laboon Tokens for advertising, and the ad revenue will enter the Laboon Reward Pool and be utilized as prizes in the Giftbox.

C. U.Point and Laboon Token

U.point is used as the main currency in the service to minimize the ecosystem balance and gas costs due to token price fluctuations. However, in order to support transparent and accurate rewards and transactions, we intend to utilize Laboon Token, which is recorded on the blockchain for ecosystem participation rewards, advertising costs, and prize costs. Laboon Token can be converted to U.point at the exchange rate, but U.point is not exchanged for Laboon Token.

D. Affiliate & Sponsored NFT Giveaways

In addition to purchasing Laboon Tokens to pay for advertising, advertisers can also provide sponsored NFT Airdrops and Mintlists for Laboon ecosystem participants (VIPs). Alternatively, Laboon can negotiate with major Web 3.0 projects directly to purchase popular NFTs at a discount through joint purchase block deals.