LABS AMA with Gains Associates on the 19th of June

LABS Group is an innovative, digital investment platform that gives access to fractionalized property ownership and allows the trading of real estate assets-backed tokenized shares on a regulated security exchange. It uses blockchain technology and smart contracts to guarantee transparency over an open ecosystem where property developers and investors can collaborate effectively.

With that, LABS is thrilled to announce the launch of the world’s first community-powered and owned NFT fractionalised Resort together with an auction on the NFTs.

To further dive into LABS Group’s current status and future plans, an associate from the company's token model, GAINS, conducted an exclusive interview with Mr. Yuen Wong, the CEO of the LABS Group and the genius mind behind the first community-powered and owned resort NFT launched by LABS and Gravity Resorts.

Tune in below for more about the AMA if you have missed it!

> Ayeley Commodore-M | GAINS Associates 🐋:

Let’s begin with some background information. Tell us a bit about you. What did you do before crypto and did you have any other previous venture in crypto?

> Yuen:

My name is Yuen, and I’m the founder and CEO of LABS Group, which is a digitised real estate investment ecosystem powered by blockchain.

> Yuen:

My background has always been in the internet, blockchain and real estate, and that’s why I’m doing this great project with a great team!

> Yuen:

Prior to launching LABS, I was Managing Partner for a UK property company and I’m still involved at times in Bitmart exchange as a managing partner doing project collaboration. This allows me to learn what makes or breaks a blockchain project.

> Yuen:

🖼 Lastly, you can always follow us here: https://linktr.ee/labsgroupio

> Yuen:

Done

> Ayeley Commodore-M | GAINS Associates 🐋:

Awesome. Just a reminder for people who are new to crypto. Please tell us, what the LABS project is about in a few simple sentences?

> Yuen:

As mentioned, LABS is a digitised real estate investment ecosystem powered by blockchain. With that, we make real estate investment possible for everyday investors.

> Yuen:

LABS has a 3 prong strategy: 1. Crowdfunding and trading platform 2. Collaterised lending platform 3. NFT on real estate which focuses on resorts and hotels.for a start

> Yuen:

And today’s discussion I would like to share with you all more on the last one, as LABS group will be introducing: The world’s first community-powered and owned NFT fractionalised Resort

> Yuen:

And we will conduct an auction on the NFTs (which fractionalises the entire resort) in coming July😎

> Yuen:

That is, bringing resort and Bitel investments directly to retail investors.

> Yuen:

Done

> Ayeley Commodore-M | GAINS Associates 🐋:

That's amazing. Correct me if I’m wrong but this means by owning an NFT you could be owning a part of a resort, right?

> Yuen:

That’s correct. But, more than that. Give me a sec to show you how good it is:

So the NFTs collectively owns the 100 percent profit sharing, and each also gives you specific rights and incentives.

> Ayeley Commodore-M | GAINS Associates 🐋:

Cool

> Yuen:

And we are adding more to it, LABS will have a collaterised lending platform where NFT holders can stake the NFT and borrow against it, meaning that one can achieve financial leveraging just like traditional real estate investors. In fact, that’s how property investors get rich… By leveraging on safe assets.

> Yuen:

Done

> Ayeley Commodore-M | GAINS Associates 🐋:

It’s been almost 6 months since the token sales. How did you handle the funds raised? And are you planning to do any future raises?

> Yuen:

Markets have been testy recently, I can only say we are glad that the price still stays well above the public offering price. For short term speculators, I have nothing to share with them unfortunately. For long term holders and believers, I can confidently say that ultimately the real value will show, and together we can move the cheese of the traditional ways of doing things.

> Yuen:

Hence the LABS team is working hard on improving the concept while building the solutions. For example, this current NFT Resort project is innovative and grond breaking, in terms of concept and solutions. It uses the blockchain and NFT to fractionalise the entire resort and give rewards and incentives accordingly.

> Yuen:

The funds, hence, are used wisely to do the planning, implementation and marketing. One has to understand that it is never easy to marry blockchain with the real estate world. The latter is so traditional and protected world that needs cons disrupting. It also moves slow while blockchain world is moving so fast.

> Yuen:

For this project, we are indeed raising what we call a LABS RED (real estate digitisation) Fund to commit on the resort so that it can be later be auctioned off utilising the NFT.

> Yuen:

In fact, LABS Group can commit the entire fund itself together with its partner.

> Yuen:

However, our belief and spirit are that we want to make this community-powered and owned resort, hence we are raising on this.

And more here: https://gravityresortskk.labsgroup.io/

> Yuen:

Yes, it is about glamping. Glamorous camping. A luxurious way of reaching nature.😌

> Yuen:

Anyone who might be interested to play a part in this revolutionary project can find more info here: contributors.labsgroup.io

> Yuen:

Done

> Ayeley Commodore-M | GAINS Associates 🐋:

On which markets can interested individuals get their hands on the token. Also, what is the token use case and how does it capture the value of the ecosystem you are building?

> Yuen:

LABS tokens are on kucoin, gate, bitmart and uniswap.

> Yuen:

And it is such a coincident that LABS has a token model called GAINS😎

And that means:
Governance
Access (to projects)
Incentives
Nomination
Staking (for rewards)

Back to that NFT resort campaign, for example, LABS allows token holders and members incentives and early access to the project investment, which is happening. We would like to extend to Gains Associates for that as well since you guys have been supporting us.

And also, on this project, LABS Group will make profits from being the campaign and project managers, transactions from the NFT trades, and transactions made from future lending and borrowing and even swapping of the resort NFT. These profits will go to the LABS ecosystem and hence LABS token stakers, as mentioned and in accordance with our GAINS model.

> Ayeley Commodore-M | GAINS Associates 🐋:

What stage is the project at? There is also the auction of the NFTs coming in July. Beyond that, what should we expect from LABS?

> Yuen:

Well, we have raised more than half of the LABS RED Fund which will be used to acquire the resort (a deal has been signed with Gravity Resorts our strategic partner) within a few days of announcing it. And hence auctions on the NFT will go ahead in July on Refinable, another partner that identifies our vision. LABS will seed the fund as well and back it up for it to go ahead in any case.

Apart from that, our platform has successfully integrated with Polygon and can go live anytime. We are also building the bridge for our tokens to be swapped between Matic network and ethereum, and later BSC.

> Yuen:

We are also working with our partneron the collaterised lending platform as mentioned earlier.

> Yuen:

And of coz, ofthe first ever community powered and owned NFT fractionalised Resort project is a success, then we will go full speed to duplicate the model, and really disrupt the resort investment sector by bringing deals directly to our backers. We already have a pipeline of projects all ready to go. Exciting time!🤩

> Yuen:

📎 Kunang Kunang - The first-ever community powered and owned NFT fractionalised Resort

> Yuen:

More about the resort itself…I’m sure you will love it😌

> Wonderful BTS:

Does LABS has made cross-border real estate investment easy and carried out all the due diligence for the investors?

> Yuen:

Yes indeed. For this coming one, we have ensured GCA, a Hong Kong listco that specializes in conducting feasibility studies and valuation reports to do just that, the due diligence. They have even sent s team to go there to conduct a site visit. Hence all retail investors in our NFT resort can have the peace of mind. Yes, it is real estate investment made easy, whether locally or cross-borderly😌😊

> Abdullah Syakeb:

What’s roles of LABS RTS (Rewarding Timeshare) NFT?

> Yuen:

Staying rights, profit-sharing rights, hotel incentives, swapping and trading rights, bragging rights… And even naming rights for some of the winners

> CATS ❤️❤️:

Do you have plans to complete the world’s first community-powered?

> Yuen:

I think you are referring to the resort project completion? The resort will be fully built and operable on Dec 2021 and official opening in Fen 2022. For the first two years, a minimum of 10 percent return is guaranteed, based on the nominal price.

> VisiV:

Labs announced that NFTs auction, Can you tell us more about NFTs auction? How can we get NFTs? Does everyone have right to participate in NFTS Auction?

> Yuen:

Yes, the auction will be opened to the public and it will be conducted on Refinable which means it is BSC based. All auctions will start at low price to encourage involvement. Details will be shared soon and major marketing campaign will also start very soon. Stay tuned!

> Anitax:

If LABS Group is successful with their resort, they claim they will duplicate the model in other regions of the world. Therefore, do you have plans to expand this proposal to other regions of the world such as America, Europe or Africa where the model could have potential?

> Yuen:

Well while we want to first focus on SEA (South East Asia) and East Asia first, due to the higher returns and sexy venues, we are open to all projects globally. Since LABS is a global project with global vision. Since LABS vision is to encourage involvement for all and to encourage financial inclusions.

> 🔵Moises:

How is the LABS RED fund different from other funds? Is it an indispensable fund for the operation of your project? What role does Labs Red play for NFTs?

> Yuen:

LABS RED Fund is simply a way to quickly commit to real estate projects and then quickly have it fractionalised for everyday investors to be a part of it. As mentioned, LABS had the capability to commit to this current one by itself since we purposely chose the right sized one for our first project which is absolutely groundbreaking (you will find out why so when we release more details later). However, we really want it to be community-powered and owned, hence we are encouraging involvement from LABS communities and our partners’ communities. Our mission statement for this project is Resort and hotel investment and enjoyment for everyone.

> Yuen:

Ok all, thanks for your time. Don’t forget to follow LABS closely and support us in this movement to disrupt the old ways of doing things to bring the new cheese to the new world. Those interested to get involved in the LABS RED Fund can reach out to us to get incentives. Those who are interested to own a part of the resort and write yourself with us into the blockchain history please stay tuned with us.

> Yuen:

That’s all guys, see you real soon

> Ayeley Commodore-M | GAINS Associates 🐋:

Thanks, Yuen, for coming in today. It was a pleasure having you in our group, and taking the time to answer our questions. I am certainly looking forward to getting an NFT during the auction next month, so I can go glamping with other LABS holders. Anything else you’d like to say? Where can we follow you to stay updated?

> Yuen:

🖼 Follow us here: https://linktr.ee/labsgroupio contributors.labsgroup.io https://gravityresortskk.labsgroup.io/

About LABS Group

LABS is a blockchain-based real estate investment platform looking to simplify investor access and capabilities within the asset class. Using the LABS platform, anyone can easily tokenize and fractionalize their real estate, allowing them to sell or trade it in order to gain instant liquidity. LABS Group also offers a regulated securities market for tokenized real estate trading, a crowdfunding platform, and a lending application that allows for peer-to-peer lending based on the collateralization of tokenized real estate assets. LABS Group is redefining the real estate industry, making it more accessible to everyone.

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More information about RTS-NFT

LABS is the FIRST End to End Crowdfunding service specializing in the Real Estate Market. Other Social Links: reddit.com/r/LabsGroupio/ | t.me/labsgroupio