LABS Group Close Oversubscribed Private Sale
LABS Group, an innovative firm working to revolutionize the real estate investment market for end-users, announced that the private sale is officially closed! We are humbled by the support of our investors, partners, and community that have taken an interest in LABS Group and what we are trying to do.
We have received an overwhelming amount of requests to qualify for our Private rounds of the LABS token sale. We do apologize not everyone was able to enter the private rounds as we were 5x oversubscribed. We will be offering opportunities to purchase into the LABS Group token sale in the coming weeks.
We are building this platform to democratize real estate for everyone, so investing can be as easy as shopping online.
Private Sale Details
With the finalization of the private sale process, LABS Group raised a significant amount of funds to continue to grow its business operations. LABS raised 6.05M in Private sales, with the remaining $400K USD going into Public Sales. The public sale will give the community every opportunity possible to get into our token sale before our Token Generation Event (TGE)
Token Allocation Breakdown
Funds Allocation Breakdown:
Public Sale
LABS will begin its public sale in March 2021, meaning we are getting closer and closer to the platform launch scheduled for April of this year. According to studies, over 57 percent of the global population prefers to invest in real estate; LABS will offer everyone a new way to get equal, fair, and transparent access to the real estate market.
Public sales will be done on several launchpads over a short few days and ending with an Initial Dex Offering on UniSwap.
More details of the public sale will be announced to the public via our social channels in the next few weeks.
Partners, Investors and Community
LABS was able to sign a few partnerships with prominent partners in the last few weeks and we wanted to spotlight some of these partnerships.
Enjin
Enjin will be one of our tech partners in creating NFTs for some of the real estate assets onboarded into the LABS Platform.
Centrifuge
Centrifuge will work with us to offer collateralized lending with the investors on LABS that hold security tokens. We believe this is an innovative way to allow for more liquidity in the secondary market.
Polkacover
Polkacover will help us with an Insurance product offering for the DeFi lending space.
LABS would not be here without the support of our many investors and community support. Here is a big thank you to Double Peak, Boxmining, Plutus VC, Megala Ventures, CoinUnited, Genesis Block Ventures, Blocksync Ventures, YBB, Spykefast, Signal Ventures, Sky Ventures, and all the many private and community members that invested in LABS Group.
What is the LABS Platform?
Traditionally, the real estate investment market has been primarily sectioned off for high net worth individuals and corporations with deep pockets. Even with access to residential real estate, which tends to be cheaper than commercial, there is still an extremely high entry barrier based on wealth. LABS Group is changing this dynamic, making the entire real estate market fully accessible to everyone. Using the LABS platform, investors will be able to gain exposure to valuable real estate assets starting with as low as $100. Users will be able to invest in various properties they could never have previously accessed, such as properties in the US or Dubai.
LABS will introduce fractionalized asset ownership and trading, allowing for greater exposure to new markets and more money making opportunities. However, LABS isn’t stopping at fractionalized real estate trading, as they offer many other decentralized real estate focused services. Through the platform, users will be able to crowdfund around real estate assets, partake in collateralized lending to leverage investments, and conduct regulated securities trading without oversight or exorbitant fees from third-party services providers. LABS intends to return the power previously held by REITs and wealthy real estate investors back to regular people, making the real estate industry a more equitable sector.
For more information on LABS, feel free to follow the socials below:
