Answers to common questions about LaborCoin, the DAO, governance, Passport verification, and the exchange.
LaborCoin is a blockchain-based system designed to help workers build shared resources through voluntary participation, collective funding, and democratic governance.
LaborCoin was created to explore new ways for workers and supporters to coordinate resources, build collective funds, and provide assistance to people engaged in strikes, labor actions, mutual aid efforts, and other community-supported initiatives.
LABR is the primary transferable token within the LaborCoin ecosystem.
LABR can be purchased through the LaborCoin Exchange and may be held, transferred, bought, or sold according to the rules of the system.
LABRV is the LaborCoin governance token.
LABRV is non-transferable, cannot be purchased, and is granted through DAO registration.
LABRV is used exclusively for governance participation.
Gitcoin Passport is a digital identity verification system that helps establish that a participant represents a unique human user.
Passport verification helps protect the system from duplicate registrations, Sybil attacks, automated manipulation, and artificial voting power accumulation.
LaborCoin uses Gitcoin Passport as an anti-Sybil system rather than a traditional customer account system.
The goal is to help establish that participants represent unique human users without requiring LaborCoin to collect, store, or manage sensitive personal information.
Passport verification helps reduce duplicate accounts and governance manipulation while allowing users to maintain control of their own wallets and verification methods.
LaborCoin does not create user accounts, maintain customer profiles, or operate as a centralized financial institution.
Common ways to improve a Passport score include:
No.
DAO registration is not required to purchase, hold, or sell LABR.
DAO registration is only required for governance participation.
The exchange currently enforces a maximum wallet limit of 10,000 LABR.
Individual buy and sell transactions are currently limited to 5,000 LABR.
The exchange currently enforces a 12-hour cooldown between transactions.
LABR is sold through a deterministic bonding curve.
As more LABR enters circulation through the exchange, the price increases according to predefined smart contract rules.
Ten percent of every LABR purchase is directed to the DAO treasury.
LABR sales currently include a ten percent tax. Five percent supports the DAO treasury and five percent is distributed among eligible LABR holders.
Registration is optional.
Users who wish to participate in governance must register in order to receive LABRV voting rights.
Registration grants LABRV governance rights and enables proposal creation and voting.
Yes.
Users must hold at least 1 LABR to register with the DAO.
No.
LABRV cannot be traded, sold, or transferred.
Verified LABRV holders may submit treasury proposals through the governance portal.
Governance proposals may direct treasury transfers approved through the voting process.
Proposals require participation from at least 25% of registered voting power and approval from at least 67% of participating votes to pass.
These requirements are enforced automatically by the governance contracts.
Once a proposal passes, it enters a 7-day execution window.
During this period any user may execute the approved proposal through the governance interface.
If an approved proposal is not executed within the 7-day execution window, it expires and can no longer be executed.
Individual treasury proposals are currently limited to 5% of treasury assets.
This helps reduce risk and prevents any single proposal from immediately exhausting treasury resources.
One verified identity helps maintain fair governance participation and reduces the risk of duplicate voting.
The governance system uses cryptographic signatures, expiration windows, and unique nonces.
These protections help prevent previously authorized actions from being reused maliciously.
Yes.
LaborCoin smart contracts are deployed publicly on Polygon and all on-chain activity can be independently verified.
LaborCoin is intended as a utility and governance ecosystem.
Participation should not be viewed as a guarantee of profit, appreciation, income, or financial return.
No.
No returns, appreciation, distributions, or financial outcomes are guaranteed.
No.
Blockchain systems involve risks including wallet compromise, user error, smart contract vulnerabilities, regulatory changes, market volatility, and network disruptions.
Users are solely responsible for securing their wallets, devices, recovery phrases, and private keys.
Yes.
Digital asset regulations continue to evolve worldwide and users are responsible for complying with the laws applicable in their jurisdiction.