What is Labra Finance (LABRA) | What is Labra Finance token | What is LABRA token

What is Labra Finance (LABRA) | What is Labra Finance token | What is LABRA token

Labra Finance (LABRA) is a deflationary meme token. Every holder is staking automatically. The staking reward comes from transactions. 1% of every transaction goes to holders and 1% of every transaction gets burned immediately. The goal is to have a true competitor for Doge but smarter. Incentivizing holders and burning 1% on every transaction makes it more fun. There is a serious team behind Labra and 70% of the maximum supply has already been burned. Labra is short for ''Labrador Retriever''. Which is the most popular dog in the whole world. The ticker that is being used is $LABRA. So it easily recognizable. What is Labra Finance (LABRA) | What is Labra Finance token | What is LABRA token

In this article, we'll discuss information about the Labra Finance project and LABRA token

Labra is a deflationary meme token. Every holder is staking automatically. The staking reward comes from transactions. 1% of every transaction goes to holders and 1% of every transaction gets burned immediately.

The goal is to have a true competitor for Doge but smarter. Incentivizing holders and burning 1% on every transaction makes it more fun. There is a serious team behind Labra and 70% of the maximum supply has already been burned.

Labra is short for ''Labrador Retriever''. Which is the most popular dog in the whole world. The ticker that is being used is $LABRA. So it easily recognizable.

Tokenomics

  • Maximum supply: 1000 Trillion LABRA
  • Burned Supply: 700 Trillion LABRA
  • Circulating Supply: 300 Trillion LABRA
  • Reserved: 5% for Marketing, cost of Developers
  • Proof of burn on Etherscan

Token Details

  • Ticker: $LABRA
  • Token Type: ERC20
  • 0x106d3c66d22d2dd0446df23d7f5960752994d600

Stake & Return

  • Each transaction has a 2% fee. 1% is burned, and 1% gets redistributed to all holders.
  • The 2% fee on every swap is to prevent price manipulation and encourage holding.

Token Details

  • Ticker: $LABRA
  • Token Type: ERC20
  • 0x106d3c66d22d2dd0446df23d7f5960752994d600

All initial liquidity has been locked and 70% of the maximum supply is burned. The maximum supply is 1,000,000,000,000,000. But now only 30% remains in circulation with everyday 1% of every transaction is getting burned. This means it is truely deflationary.

What do we want to achieve? We want to be the most fun meme token in the crypto space. Which is hard to achieve because of $doge position. But with a smart strategy, we are aiming for the moon.

Who is behind Labra Finance? Labra Finance is developed by a group of DeFi enthusiasts.

What is next for Labra Finance? The team is focused on getting visibility first before reaching out to exchanges.

The team is actively sharing the progress of Labra Finance on their Socials.

How and Where to Buy Labra Finance (LABRA) ?

LABRA token is now live on the Ethereum mainnet. The token address for LABRA is 0x106d3c66d22d2dd0446df23d7f5960752994d600. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough ETH in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet

If you don't have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

Transfer $ETH to your new Metamask wallet from your existing wallet

Next step

Connect Metamask wallet to Uniswap Decentralized Exchange and Buy, Swap LABRA token

Contract: 0x106d3c66d22d2dd0446df23d7f5960752994d600

Read more: What is Uniswap | Beginner's Guide on How to Use Uniswap

  • Swap ETH for LABRA! (Slippage 5%, Timeout 20mn)

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once LABRA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com   ☞ https://www.bittrex.com   ☞ https://www.poloniex.com   ☞ https://www.bitfinex.com   ☞ https://www.huobi.com

Find more information LABRA

WebsiteExplorerExplorer 2 ☞ Whitepaper ☞ Source CodeSocial ChannelSocial Channel 2Coinmarketcap

🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you're a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

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