LABS token is intended to use as an ecosystem token.
16 Jan 2023, 01:34
LABS token is intended to use as an ecosystem token.
1. LABS can be used to buy NFTs in the Staynex ecosystem, but not the Staynex Pass (Real estate).
It will give you more perks on top of the Real Estate(RE) NFTs. For example : a PFP project, that gives you further discounts on Staynex Pass.
There will be levels and you can upgrade this NFT.
People ask why not use LABS to buy Real Estate, because when there is an in, there is an out. If you use LABS to buy RE, the RE owner will dump the LABS for fiat. We don't want that. Moreover, RE is a stable investment so highly likely it will be pegged to a Stable.
2. There will most likely be a burn mechanism for the transactions, to make LABS deflationary
3. How does staking X amount of tokens for Y free nights at Z hotel?
4. Looking at DEFI protocols that will enhance the platform.
TLDR, Labs will be used to enhance your experience in Staynex, get free stays, rewards, and further use cases to be added.
We don't want to be a security token.