What are LaborCoin (LABR) and the LaborCoin DAO?
Power to the People
LaborCoin (LABR) is an ERC-20 token designed to support collective action and advance the interests of working people.
The system includes built-in limits on ownership, buying, and selling to promote fairness and prevent concentration. Sales of LABR are subject to two core mechanisms:
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1. Dividend Distribution
A portion of each sale is distributed proportionally to all LABR holders.
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2. Solidarity Treasury
A portion of each sale is directed to the LaborCoin DAO treasury. Holders participate in governance through a separate voting token and collectively decide how these funds are used to support organizing, strike efforts, and material needs.
Important
LaborCoin is not a traditional investment or speculative meme token. It is designed as a functional system with embedded constraints and governance mechanisms.
Full technical details will be made publicly available in a forthcoming update.
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What is a DAO?
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A Decentralized Autonomous Organization (DAO) is a governance system that allows participants to make decisions collectively. The LaborCoin DAO enables workers to vote on how treasury funds are allocated.
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Current Status
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The LABR token is deployed but not yet available for purchase
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The DAO infrastructure is live, with user self-registration currently in development
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Links to the exchange, DAO interface, and community forum will be published soon
Important Notes
Upon full implementation, ownership of the LaborCoin (LABR) token will be transferred from the Creator to a DAO-controlled executor contract. The Creator will not allocate or reserve tokens for themselves and will only acquire LABR through the public exchange after launch.
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At launch, 10% of the total LABR supply will be made available on the exchange. The remaining supply will be released from the exchange treasury in increments of 10 million tokens for every 10 million tokens sold, maintaining a 1:1 release ratio tied directly to market demand.
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LaborCoin (LABR) and the LaborCoin DAO are designed to operate in accordance with applicable United States laws and established standards for decentralized, peer-to-peer digital asset systems.
