San Francisco-based Bitcoin Startup Lab, a Bitcoin pre-accelerator firm, has introduced LABB, a community-centric BRC-20 token designed to empower BTC entrepreneurs, per a Dec. 13 statement shared with CryptoSlate.

The LABB token aims to foster a community of visionaries intending to launch Bitcoin-focused startups. The token acts as a supportive gateway, providing utility for entrepreneurs on the Bitcoin blockchain.

Albert Liang, the Founder of Bitcoin Startup Lab, emphasized the significance of the token’s launch, stating:

“The launch of our Community BRC-20 token $LABB is a pivotal moment in our journey to empower Bitcoin entrepreneurs to build together a sustainable Bitcoin global economy. We’re offering more than just tools; we’re cultivating a community rich in support, innovation, insight, and collaboration.”

Interestingly, the token’s debut aligns with the recent surge in interest surrounding Bitcoin-based BRC-20 tokens observed in recent months.

What is LABB?

The LABB token shares similarities with Bitcoin, sporting a capped total supply of 21 million. 60% of the token supply is earmarked for the community, while 20% will enter the Treasury. The remaining 20% will be evenly split between investors and the core team.

While similar to other BRC-20 tokens, LABB functions more as a digital asset with the potential for greater

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Author: Oluwapelumi Adejumo

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