GAINS Associates
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GAINS Associates

LABS — Telegram AMA — June 19

On Saturday, June 19, we had the pleasure to welcome to our Telegram chat:

Yuen Wong, CEO.

We asked him questions about the development of LABS.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Summary

LABS is a leading blockchain-based ecosystem for real estate investments. The platform seeks to bring more people into the space by fractionalizing investments.

LABS is introducing the world’s first community-powered and owned NFT fractionalized Resort. All securities on LABS will be traded on a real estate-focused licensed security exchange that allows the legal trading of security assets on the secondary market. Real Estate assets are freely tradable offering higher liquidity than the traditional real estate investment.

Investors will have higher liquidity access to their assets through a real estate-focused securities exchange and LABS’ collateralized lending products. Holders of staked LABS tokens will enjoy the benefits of a shared pool of rewards from the overall LABS business.

The LABS utility token supports the entire LABS ecosystem. It helps drive utility and rewards through crowdfunding, token issuance, lending, and the LABS exchange. LABS tokens are on Kucoin, Gate, Bitmart, and Uniswap.

Introduction

Q — Ayeley from GAINS: 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?

A — Yuen from LABS: My name is Yuen, and I’m the founder and CEO of LABS Group, which is a digitized real estate investment ecosystem powered by blockchain. 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!

Before 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.

About LABS

Q — Ayeley from GAINS: What the LABS project is about in a few simple sentences?

A — Yuen from LABS: As mentioned, LABS is a digitized real estate investment ecosystem powered by blockchain. With that, we make real estate investment possible for everyday investors.

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

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 fractionalized Resort. And we will conduct an auction on the NFTs (which fractionalizes the entire resort) in coming July😎. That is, bringing resort and Bitel investments directly to retail investors.

Q — Ayeley from GAINS: Correct me if I’m wrong but this means by owning an NFT you could be owning a part of a resort, right?

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

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

And we are adding more to it, LABS will have a collateralized 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.

Q — Ayeley from GAINS: It’s been almost 7 months since the token sales. How did you handle the funds raised? And are you planning to do any future raises?

A — Yuen from LABS: 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.

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 groundbreaking, in terms of concept and solutions. It uses the blockchain and NFT to fractionalize the entire resort and give rewards and incentives accordingly.

The funds, hence, are used wisely to do the planning, implementation, cvbn, 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 slowly while the blockchain world is moving so fast.

For this project, we are indeed raising what we call a LABS RED (real estate digitization) Fund to commit to the resort so that it can later be auctioned off utilizing the NFT. In fact, LABS Group can commit the entire fund itself together with its partner. 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. It is about glamping. Glamorous camping. A luxurious way of reaching nature.😌

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

Q — Telegram user 🔵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?

A — Yuen from LABS: LABS RED Fund is simply a way to quickly commit to real estate projects and then quickly have it fractionalized 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.

Q — Telegram user Wonderful BTS: How does LABS make cross-border real estate investment easy and do all the due diligence?

A — Yuen from LABS: 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 a team to go there to conduct a site visit. Hence all retail investors in our NFT resort can have peace of mind. Yes, it is real estate investment made easy, whether locally or cross-border😌😊

Q — Telegram user Abdullah Syakeb: What’s the role of LABS RTS (Rewarding Timeshare) NFT?

A — Yuen from LABS: Staying rights, profit-sharing rights, hotel incentives, swapping and trading rights, bragging rights… And even naming rights for some of the winners

Q — Telegram user VisiV: Labs announced the NFTs auction. Can you tell us more about the NFT auction? How can we get NFTs? Does everyone have the right to participate in NFTs Auction?

A — Yuen from LABS: 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 a low price to encourage involvement. Details will be shared soon and a major marketing campaign will also start very soon. Stay tuned!

Token

Q — Ayeley from GAINS: 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?

A — Yuen from LABS: LABS tokens are on Kucoin, Gate, Bitmart, and Uniswap.

And it is such a coincidence 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 per our GAINS model.

Business Development

Q — Ayeley from GAINS: 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?

A — Yuen from LABS: 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 the Matic network and Ethereum, and later BSC.

We are also working with our partner on the collateralized lending platform as mentioned earlier.

And of course, if the first-ever community-powered and owned NFT fractionalized 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!🤩

Kunang Kunang-The first-ever community-powered and owned NFT fractionalized Resort

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

Q — Telegram user CATS ❤️❤️: Do you have plans to complete the world’s first community-powered resort?

A — Yuen from LABS: I think you are referring to the resort project completion? The resort will be fully built and operable in December 2021 and officially opening in Fen 2022. For the first two years, a minimum of 10 per cent return is guaranteed, based on the nominal price.

Q — Telegram user 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?

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

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? — Ayeley Commodore-Mensah from GAINS Associates

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. That’s all guys, see you real soon.

Follow us here and here — Yuen from LABS

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