LABS is an ecosystem that facilitates real estate investments through fractional ownership, DeFi, and governance. It also includes Staynex, a vacation membership platform, and a securities exchange for greater liquidity. LABS also has a lending feature that allows investors to bond their LABS security and stable tokens for collateralized lending, granting access to liquidity and expanding investments. Thus, as of now, LABS is considered Shariah Non-compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal" | Passed |
| Project | LABS is an all-in-one ecosystem for real estate investments, which divides them into fractional parts. It operates through the LABS ecosystem token, decentralized finance (DeFi), and governance, with a mission to make real estate accessible to everyone worldwide via Web3 transactions, digital assets, blockchain technology, and collaborations with property developers and operators. Additionally, Staynex, a cutting-edge vacation membership platform, rewards members and enables them to trade, sell or rent unused stays. Furthermore, the LABS securities exchange creates a secondary market for project investors, providing greater liquidity and almost instantaneous transfer of assets via blockchain. LABS also has a lending feature that allows investors to bond their LABS security and stable tokens for collateralized lending, granting them access to liquidity and the ability to expand their investments in real estate. This feature also allows holders to invest in other projects within the LABS ecosystem, utilizing their tokens as collateral. Although LABS utility token does not participate in lending activities, it governs the LABS ecosystem that provides lending services. | Failed |
| Financials | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal" | Passed |
| Token | The LABS token provides various benefits and incentives for investors, including the right to stake tokens for a percentage of profit generated by the LABS platform, voting rights in the platform's governance, access to exclusive real estate deals, the ability to nominate projects for investment, and staking rewards in a decentralized rewards pool. Holding LABS tokens allows investors to have a say in how the platform is run and the types of investment opportunities available, as well as receiving discounts on real estate investments based on the amount of tokens held in their wallet. | Passed |
| Staking Method | LABS token holders can join a decentralized rewards pool and earn a portion of the platform's net profits, which will be distributed quarterly and daily directly into their staking wallets. The percentage of net profits will be determined by a governance vote after the first year. Staking rewards will be distributed evenly across wallets based on the amount of time each wallet has staked. | Grey |
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