A tokenized bond issuance and investment platform
Smart contract blockchain
Labrys are building a platform to radically change the way individuals and institutions invest in bonds. Built on Ethereum, the Labrys Platform will utilise the benefits of blockchain to forge the most efficient investment gateway to the global bond market. Through the tokenisation of bonds, we are able to eliminate middlemen, establishing a direct relationship between issuer and investor.
At this stage, Labrys doesn't explain their ideas and features in many details. Labrys wants to provide the technology needed to effectively issue bonds as tokenised assets directly on the blockchain. This will allow to eliminate middlemen and most importantly establishing a direct relationship between issuer and investor. A bond is a financial instrument issued by companies in order to borrow large amounts of capital. The bonds are purchased by investors to receive regular interest payments higher than those traditionally offered by banks. The sole idea sounds very promising, however the team seems to have problems effectively working on the final product.
User ReviewWrite review 4 reviews
Hmm... At the point of writing this review, it's very hard to get any information about this project. Their site doesn't provide any information and it only allows to register for the newsletter. Maybe this is a type of marketing campaign, where they start as this mysterious project, however I don't like the lack of transparency. However, the sole idea and descriptions of the project that I managed to find, sounds very interesting and potentially useful. If they deliver a fully working platform and technologies, they may become successful.
After reading the white paper I have seen that Labrys will be paying their users in LAB tokens, meaning that they will have to buy tokens off the open market. Also, I read that the tokens are locked in when being used on the Labrys platform. I see this token price going sky high (Continuous demand and restricted supply). This project looks very promising, will be keeping my eye on this...
Will be telling my crypto pump group about this one. Looks amazing. I spend most of my time online sifting through list sites like this one looking for projects that stand out. It's getting further between but good to see there are still great projects out there.
Have completely gone through the Labrys whitepaper and can safely say I'm very excited for this ICO. I recommend everyone go through their whitepaper. So many projects using tokens just for the sake of it, a blockchain solution in the big institutional world of finance makes a lot of sense. Great work guys, exciting times ahead :)
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