Recap AMA CRYPTOVN X LABS Group

Recap AMA CRYPTOVN X LABS Group

Time: 12:00 PM (UTC) June 16, 2021

The ama session will have 3 parts:

?1. Part 1: Introduction/Questions from CryptoVN Team

?2. Answer question from Twitter

?3. Live AMA

Introducing the world’s first community owned NFT resort

 

PART 1:

Host: 

Q1: Can you introduce yourself and LABS Group?

Yuen Wong – CEO at LABS Group:

Yes sure.

I’m them and I’m the CEO of LABS Group.

LABS is a Real Estate Investment Ecosystem utilising NFT and Defi to serve everyday investors.

LABS uses a 3 prong strategy, one is crowdfunding with a trading platform, the other is collaterised lending platform, and lastly we have the NFT on real estate, particularly resorts and hotels.

LABS has been listed on Kucoin, Bitmart, Gate and Uniswap.

And we have several partnerships with Enjin, Polygon, XIN Group, Refinable and others.

Host: 

Q2: Can you tell the community some of the LABS Group achievements?

Yuen Wong – CEO at LABS Group:

Well, apart from successfully completed our fund raise and exchange listings, LABS group is launching the first ever community powered and owned NFT fractionalised Resort in the coming month.

Let me show you all some nice pictures of the resort here:

LABS Group had just started raising our LABS RED (real estate digitisation) fund, which will be utilized to commit on the resort acquisition.

Then the entire resort will be fractionalised into 365 NFT and put on auction with Refinable, starting at cost price.

The NFT, named as LABS RTS (Rewarding Timeshare) NFT, collectively represent 100% of the resort’s profit share, and will include many incentives and rights, such as staying right on specific days of the year for 30 years.

All these will be put up for auctions in July.

This is the first time everyday investors can invest directly into a resort which will be community owned.

Through the use of blockchain and NFT technology, we are able to resolve all the pain points of traditional timeshare, and disrupt this sector totally.

 

With blockchain and NFT, transparency and accountability can be ensured. Plus, our RTS (Rewarding Timeshare) NFT is not than just staying rights, they will actually give you As for the LABS RED (real estate digitisation) Fund, we started the fund raising just yesterday and have already raised more than 1M USDT, very encouraging.

Total raise is 3.65M USDT, so if anyone from CryptoVN are interested, you can contact us and we will give you incentives rewards, including the profit sharing.

Emailing LABS Real Estate Digitisation Fund Synopsis.pdf

So this LABS RED Fund and RTS NFT projects are the most important project for LABS in June and July.

Once proven successful, LABS Group will duplicate the model and start to go fast and furious on other resorts and hotels in the region, especially in SEA.

Hopefully we can have something in Vietnam as well, as I have heard so many good things about Vietnam real estate market.

Profile of our community powered and owned NFT fractionalised Resort.

Really nice concept and design. Will be completed end of this year with official opening in Feb 2022.

Host:

Q3: Can you share LABS Group roadmap?

Yuen Wong – CEO at LABS Group:

Yes. As mentioned, currently we are raising for our LABS RED (real estate digitisation) fund.

In July, we will launch the auctions on our RTS (Rewarding Timeshare) NFT, all 365 of them, each starting at 9999USDT.

Our crowdfunding platform can be live now but our focus will be firstly the NFT.

We have successfully integrated with Polygon for our crowdfunding platform.

In Q3, we will also work with our partners to work out in the collaterised lending platform.

 

And this can be used on the RTS NFT as well, allowing the holders to stake and borrow against the NFT, so as to achieve financial leveraging.

And once our first community powered and owned NFT fractionalised Resort project is successful, LABS Group plan to quickly duplicate the model and gain traction globally.

Btw, here’s the website for our NFT resort project.

https://gravityresortskk.labsgroup.io/

And if you like to invest in our LABS RED Fund, you can find more info here:

http://contributors.labsgroup.io

A guide to show you the process.

All due diligence has been done and will be shared.

Projected returns per year is 15 plus percent per annum.

Miss Universe (Indonesia) Culture and Tourism is there to help us to on site promo video.

 

 

PART 2:

1. @lnghchu4

NFT ecosystem is huge and there is fierce competition in the DeFi+NFT space Which NFT project do you see as your competitors? And how do you plan to compete with them?

Yuen Wong – CEO at LABS Group:

Well, there are indeed many NFT plus Defi projects out there.

However LABS is different. LABS is focused. LABS is in real estate the largest asset class. Land is hybrid, marrying the traditional asset with blockchain.

We are building a Defi collaterised lending platform that would allow traditional real estate projects, represented by NFT, to be able to be staked and borrow against in order to achieve liquidity and leveraging, which both are the largest challenges in real estate investment.

So far other NFT projects are all about digital arts, IP, gaming items, but LABS is the first to do NFT on real estate in a big way.

If we succeed in this, then it will be huge.

2. @MinhCrypto12345

Lately labs have focused a lot on NFT. So what are the benefits of NFT to the Labs real estate investment ecosystem?

Yuen Wong – CEO at LABS Group:

Well, as detailed in LABS whitepaper, the LABS token is the GAINS model.

 

GAINS referring to governance, access (to projects), incentives, nomination and staking.

LABS ecosystem profit will go to the LABS token stakers.

Thru LABS RED Fund and RTS NFT programs, LABS will be able to generate profits in fund management fees, NFT campaign management fees, transaction fees and etc.

All these will go to LABS ecosystem profits and heavily reward the LABS token holders.

Just imagine if our initial project prices to be a success, how big a market we have ready for us to go capture and seize the moment.

3. @Shindz3

LABS is the first NFT real estate platform. What potentials do you see in NFT real estate and how do you explore and exploit it? What is your vision in this industry? Can LABS lead the industry?

Yuen Wong – CEO at LABS Group:

As NFT is unique and each is its own, certain unique features and or storage of value can be designed.

This can be used to innovate the sector and change the way things are done in a better and more efficient way.

LABS intend to use this be technology to change the way people invest in real estate such as serviced apartments, resorts and hotels.

And with this we can bring deals directly to everyday investors, cutting out the middlemen to being extra values.

Furthermore, LABS has made cross border real estate investment easy, having fine all the due diligence on behalf.

Hassle free, easy as ABC investment with derived extra values.

4. @Pandora_VN

What are your top 3 priorities for 2021? Can LABS share some of your plans for the coming year as well as your token development plan and strong community so that people can have a good look at your project?

Yuen Wong – CEO at LABS Group:

3 top priorities:

1. Complete the world’s first community powered and owned NFT fractionalised Resort successfully, and allow all to see the beautyof such greeting breaking concept.
2. Complete our collaterised lending platform.
3. Go successful full launch with our Polygon integration crowdfunding site and launching it with interesting deals.
4. @BENSTOCK26

Everyone knows, if you want to go fast, go alone, but if you want to go far, you go with your partners, so with Your Project which partners will promote and help Your Project reach and achieve the project’s goals?

Yuen Wong – CEO at LABS Group:

Yes, partnerships are very important and we LABS consider them critical in our success.

Hence we have Enjin the largest NFT project out there on ethereum as partner in NFT, Polygon as our scaling solution provider for our platform, Refinable as our Binance smart chain NFT issuer and marketplace.

And also DeCredit building with us together in our collaterised lending platform, DragonBite providing loyalty points someone for our RTS NFT program.

And since LABS is a unique hybrid play, we also have traditional partners such as GCA who guide us in due diligence on property deals.

Last but not least, our resort developer and manager partner for our first and many Moe coming deals, Gravity Resorts.

All these partners will help to ensure that LABS will be a successful real estate investment ecosystem powered by blockchain.

 

 

PART 3:

1. @noone127001

So many Rug Pulls heppenig nowdays. and almost 90% project with anonymous team do rug pulled. How can we sure that You are not like them and we can invest in your project safely?

Yuen Wong – CEO at LABS Group:

Please take a closer look at ours team members.

Besides the fact that I’m a managing partner of Bitmart exchange, I am also a director of a US public company.

And I have founded LABS Group since 2018.

And LABS Group is chaired by Mr Mahesh Harilela, a member of the renowned Harilela family in Hong Kong, which owns a total of 19 hotels.

So…you judge yourself

2. @shohan1244

Do you have any plans to add Nft’s to your ecosystem as this is the hottest topic in the crypto space?

Yuen Wong – CEO at LABS Group:

Please take a look at my previous answers and highlights. They are all on LABS coming NFT project.

Btw, I want to use this chance to offer some incentives to this supportive community which had supported LABS right from the start. See below:

                       

I’m happy to have my team explained in details if need be.

3. @Stevensas

As an individual user ,In what ways can I contribute to the development of LABS? Do you have Ambassador programs and what are its benefits?

Yuen Wong – CEO at LABS Group:

Yes we do. We believe that LABS should be community powered and owned, and hence our first NFT project is just that:

 

The world’s first community powered and owned NFT fractionalised Resort.

See the above diagram..We are encouraging the communities to help promote LABS projects that everyday investors including you,b you, you and I can participate in.

4. @zamnfa

In decentralization, We all know that speed is needed, as is the current problem faced by the expensive Eth Gas Fee and the slowing of the transaction process. what are your plans to deal with this problem on LABS ?

Yuen Wong – CEO at LABS Group:

Well our answer:

Polygon.

Aka Matic network

5. @MichaelePotts

Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project??

Yuen Wong – CEO at LABS Group:

Yes. Our GAINS model, the G stands for governance.

We will let the community decide on major decisions even on projects.

For example, our coming NFT resort (Kunang Kunang in Indonesia), the community or holders can decide if they want to sell the resort if a really good offer comes in as a chance for them to liquidate and make good money.

Ok guys, that’s all for tonight.

With your support, LABS will be a successful real estate investment ecosystem powered by blockchain.

 

? LABS Group AMA event winners:

 Twitter segment:

1. @lnghchu4
2. @MinhCrypto12345
3. @Shindz3
4. @Pandora_VN
5. @BENSTOCK26

 Live asking segment:

1. @noone127001
2. @shohan1244
3. @Stevensas
4. @zamnfa
5. @MichaelePotts