LABEL is building a token economy with $BLB (UTILITY TOKEN) tokens and $LBL (GOVERNANCE TOKEN) tokens. $BLB tokens have no restrictions on issuance and have a different spending mechanism than $LBL tokens. $LBL tokens are governance tokens that are used and supplied for in-app payments, marketplace payments, Listen-And-Earn, staking, governance, and burning.
In addition to purchasing through exchanges, both LABEL tokens can be obtained in the form of rewards through contributions to the LABEL 2.0 ecosystem or by participating in various activities. To participate in LABEL, players must purchase Headphones using tokens. Token holders will not only b e able to participate in the ecosystem, but also have the opportunity to participate in various events and obtain ecosystem rewards. Based on this process, the ecosystem and platform will be flexibly expanded, and various music content will be actively consumed, thereby establishing a virtuous cycle of LABEL tokens.
Total of 3,000,000,000 LBL tokens are issued and distributed in the following way: