This guide walks new users through the complete LaborCoin onboarding process. Follow these steps to access the exchange, register with the DAO, and participate in governance.
LaborCoin operates on Polygon and uses Gitcoin Passport verification to help prevent duplicate accounts, governance abuse, and automated participation.
You will need the following:
Install MetaMask and either connect an existing wallet or create a new wallet if you are new to cryptocurrency.
Your wallet allows you to interact with the LaborCoin exchange, DAO registration system, and governance platform.
Store your recovery phrase securely. Never share your recovery phrase with anyone.
MetaMask is a self-custody wallet. You control your own funds and recovery phrase.
LaborCoin cannot recover lost recovery phrases or wallet access.
LaborCoin operates entirely on the Polygon network.
Ensure MetaMask is connected to Polygon Mainnet before attempting to use any LaborCoin feature.
LABR is purchased using POL on the Polygon network.
Before using the exchange, ensure your wallet contains sufficient POL.
POL may be purchased through supported exchanges and then transferred to your Polygon wallet.
Visit Gitcoin Passport and connect your wallet.
Gitcoin Passport allows users to build a reputation score using verification methods known as "stamps."
LaborCoin uses Passport verification to support one verified identity per participant.
If your Passport score is too low, you may need additional verification.
A score of at least 15.0 is required.
Common ways to increase your score include:
Passport requirements may evolve over time as anti-abuse protections improve.
Visit the LaborCoin Exchange.
Connect your wallet, ensure you hold POL, and complete Passport verification.
Once verified, you may purchase LABR through the on-chain bonding curve exchange.
DAO registration is NOT required to purchase, hold, or sell LABR.
Exchange access and DAO membership are separate systems.
DAO registration is optional.
Registration is only required if you want governance rights.
To register:
Once registered, you receive LABRV governance voting rights.
LABRV holders may:
POL can be obtained through many cryptocurrency exchanges and then transferred to a Polygon wallet.