LaborCrypto™ Tokens: The LaborCrypto Tokens will allow people to purchase the tokens and receive a 5% revenue share for each holder. LaborCrypto will operate more like an employee-owned company, though there will be no ownership of the company. Utility Tokens: LaborCrypto™ will AirDrop Utility Tokens to purchasers of the LaborCrypto Tokens. The Utility Tokens are only to be used to purchase services on the LaborCrypto™ Platform or any affiliate platform which LaborCrypto™engages in using the Utility Token, LBR, as a form of payment. Indeed, people will initially receive Utility Tokens so that they may work and hire within the LaborCrypto marketplace. However, individuals will not receive Utility Token Revenue Sharing unless they themselves actually use the platform. There will be no revenue share for someone who doesn’t show up for work. Only Utility Token holders who actively use the platform will enter revenue sharing pool. The tokens are not being offered or distributed, and cannot be resold or otherwise transferred by their holders, to citizens that are by definition natural or juridical persons, having their habitual residence, principal place of business or site of incorporation or organization in country or area where transactions with virtual tokens are banned or in any way restrained by applicable laws or rules, or shall be so restricted or prohibited at any time. (“Restricted Persons”). At this point, Restricted Persons includes Non-“Accredited Investors” in the United States, as well as individuals in China, and North Korea, and anyone else who does not conform to the investment regulations of the jurisdiction they live in.
Laborcrypto does not accept participation from restricted persons and have the right to deny or cancel LBR token purchase attempts any time at our sole discretion when the information provided by the purchasers within the KYC procedure is insufficient, inaccurate or misleading, or the purchaser is deemed to be a restricted person. KYC and AML: In order to comply with all regulations, LaborCrypto™ is using a strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regimen to ensure that individuals who should not be investing do not invest. This will ensure that, in the event that the LBR token is seen as security, LaborCrypto™ will have complied with the SEC regulations. Additionally, LaborCrypto™ is taking great pains to comply with international law and will ensure that no money laundering is taking place through the ICO.
The contract address will be shared on our site during the crowd sale. Please note that we will never share that Crowd Sale contract address on any platforms, social media or chat channels.
You need to make sure that your contact address is correct. Please note that we do not share the contract address through any means, by email, social media or in any chat channels. You need to visit our site to get the correct official address.
Your token will be issued to you once the ICO is completed as soon as the ETH is transferred successfully to the contract.
