Important Update Announcement: DuckDAO IDO Delayed for 48 hours
Dear LABS Group community,
Overwhelming interest by everyone who was interested in participating in the IDO has rendered DuckSTARTER’s servers unreachable, of which led to many different issues whilst trying to enter our sale.
On top of all members of the community attempting to access the sale, there were also many bots interfering with the process.
All funds are safe, and all contributors have successfully secured their respective allocations, regardless of the commodity.
The DuckDAO team has tried extremely hard to scale up server performances during the hour long IDO window, but despite their efforts the support was way above expectation, therefore there were no guarantees to provide a both safe and smooth experience for all users.
While a small number of users were able to successfully participate before the servers failed, the vast majority of users were blocked by the security failsafes, and unable to access the sale. In total, around one-third of the LABS pool was sold successfully. The remainder of the two-thirds will be made available to whitelisted users on a first come first serve (FCFS) basis at launch.
In light of this situation, the LABS Group and DuckDAO team have decided to delay the remainder of the token sale until Sunday, March 7 at 3:00 PM UTC.
The DuckDAO team is now upgrading all servers and traffic management to handle any issues that may possibly come up during our next sale, ensuring all measurements are in place to ensure the best user experience and safety.
About $LABS
$LABS is the native cryptocurrency of the LABS real estate investment platform, allowing our users to access the network’s groundbreaking services. In the current real estate investment industry, you essentially need to be a high net worth individual to participate. You also have your money locked in a costly and illiquid asset, making it hard to capture the full value of the investment if you need to sell it in a pinch. LABS has created a platform to make this old way of real estate investing obsolete.
Users can tokenize their real estate with LABS as a unique, non-fungible token, allowing it to be broken up into as many shares as the user likes and sold on the open market. Through this model, LABS enables users to invest in real estate worldwide, starting with just $100. Whether you want to invest in properties in New York, Dubai, Tokyo, or anywhere in between, LABS facilitates this transaction to grant users financial exposure to extremely sought-after real estate assets.
More information on LABS, feel free to follow the socials below:
