Naoki Matsumoto. Yusuke Takahashi. Daichi Kinoshita. …€¦ · LABO is an open-source messaging platform from Japan as well as a social network utilizing the power of the Ethereum

Naoki Matsumoto. Yusuke Takahashi. Daichi Kinoshita.

Version1.4 : January 5, 2018 LABO Corp. All Right Reserved.

LABO Whitepaper Rev 1.4

Contents

Background What is LABO

LABO Token Sale Budget Allocation Token Features

What is Ethereum and ERC-20 Governance LABO App images and features

Security Use Cases The Team and resources on LABO 　The Team 　Official Website 　Official Slack

　Official Twitter 　Official Facebook 　Official Bitcointalk

　Official Telegram

The Roadmap Cautions, Risks, and Disclaimer

LABO Whitepaper - © 2018 LABO Corp. All Right Reserved. - -2


Background

Very few, if at all had imagined what was taking place at the moment when Bitcoin was born in 2009. After 8 years, the market capitalization had gone from 0 to 70 billion dollars, which is accompanied by various projects launched around Blockchain technology. As of December 2017, The Cryptocurrency market as a whole has rapidly grown to 5,000 dollars. However there remains much room for further growth when compared to stocks, fiat, and gold, and the growth of the cryptocurrency market will likely continue.

Currently, Japanese investors account for much of the cryptocurrency market trade volume, which seems to indicate the beginning of assuming a role as the leader in the future of cryptocurrency. However, on the other hand, there are not many projects in Japan which utilize blockchain technology and distributed networks in the real sense.

Manipulation of information is rampant on the Internet today, and in mainstream media. Search results are naturally prone to manipulation by search engine companies, and crawlers, automations, and over-standardized methods have led to low quality articles placed in higher ranks in search results. You may have experienced, when you search, the top 10 search results were mass-produced low quality articles and you either give up the search, or move to the next page with very little expectation. This type of issue is a threat to the credibility of media.

LABO Whitepaper -© 2018 LABO Corp. All Right Reserved. - -3

Total Market Capitalization

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Information manipulation in media was an issue which stems from business models prior to so-called Web 2.0, and this may be solvable with the distribution of information resources. We have high expectations in Ethereum network Dapp and smart contract encompassed in it. Our goal is the Internet as an environment completely free from manipulation of information.

However, the current Internet is full of content from the Web 2.0 era which is comfortable at first glance, but consistently susceptible to information manipulation. We don’t seem to have free choice, but most are free of charge. Who would want to use a distributed network if it means such comfort will be compromised? We believe the question is reasonable. Many users currently have difficultly grasping this. That is why we will provide distributed network in the familiar form of messenger.

Cryptocurrencies increase in value, and the future of finance will shift from centralized to decentralized all over the globe. At the same time, blockchain technology will pioneer a brand new future. We think that many developers and users need to experience distributed network first-hand, operating with ease. We will hold an ICO to offer a solution for this. The “LABO project,” is the latest development in blockchain and distributed network technology.



What is LABO

LABO is an open-source messaging platform from Japan as well as a social network utilizing the power of the Ethereum network. 10 years have gone by since the birth of Blockchain technology but one can hardly claim the technology has penetrated to the general public or adopted by the mainstream society.

LABO messenger is a user friendly mobile interface for typical smartphone users which provides a means to access Decentralized applications (Dapp) running on top of Ethereum network.

If we take “WhatsApp” messenger which is used by many people , we may be able to illustrate it better. In WhatsApp messenger, anyone can send and receive messages and “stamps” easily. Similarly, LABO uses distributed network technology on Ethereum network so that anyone can exchange messages, manage cryptocurrencies, send and receive cryptocurrencies, exchange with fiat, and make payments in a brick and mortar store.

Traditional SNS and messaging applications are run by operating companies, and services are provided largely for the purpose of growth and development of the operator. This means the purposes of the operating company and the users don’t necessarily align. The freedom enjoyed by users is restricted at the operator’s discretion. For example, the operator can view user information, such as the contents of messages sent and registration information, if they deem it necessary.



We are here to question the status quo that is accepted by everyone, and offer a solution: the development of a decentralized platform.

The LABO token in LABO network is a modular utility token for increased activities in the LABO network. With LABO platform and token , users will have total freedom which was unattainable in Web2.0 era.

Such freedom translates into an array of things such as governance in LABO client, a curation function as social network, anonymous communication, and settlements. In other words, we would like to show user acquisition strategies for expansion of LABO network by introducing price-competing market which propose price two-way rather than solely by companies, such as Sticker market, and transfer capacity expansion function market for sake of user-friendliness.

To demonstrate our research results of user acquisition strategies we have devised for expansion of LABO network, at LABO project, LABO token is issued, and a subsequent token sale will be held. With this solution, centralized SNS and messaging applications can utilize distributed network technology to strive for a decentralized future.

We have the page, “Understanding LABO in 3 minutes”, which briefly summarize superiority of LABO, so we recommend you to read it. https://laboproj.io/wp-content/uploads/2017/12/LABO-in-3minute-1.pdf


https://laboproj.io/wp-content/uploads/2017/12/LABO-in-3minute-1.pdf


LABO Token Sale

LABO stands for “Leading Anyone to Blockchain Ownership” coined by us. With complete service operation of LABO platform as the purpose, we will hold a LABO token sale.

The Token sale will begin on Monday, January 22, 2018, 15:00PM JST, and end on Tuesday, January 30, 2018, 15:00PM. Purchase will be possible with Ether, the official currency of Ethereum. The details and total issue volume is as follows:

Token name : LABO

Total issue volume : 28,000,000 LABO

Base standard：Ethereum ERC20

55% of total issue volume (15,400,000 LABO) will be on sale.

The rate will be 1LABO ＝ 0.001ETH



The period of token sale will be as follows

○Pre-registration period: 2017/12/21 15:00 ~ 2018/1/22 15:00 (JST)

○Pre-sale: 1/22 15:00 ~ 1/24 15:00 (JST)

○Week 1: 1/24 15:00 ~ 1/27 15:00 (JST)

○Week 2: 1/27 15:00 ~ 1/30 15:00 (JST)

Also the following bonus will apply during token sale period: ○Pre-sale：20% bonus(Min:30ETH Max:150ETH)

※Upper sales limit will be 30% of total ICO

○Week 1：14% bonus(Min: 100LABO=0.1ETH Max:100ETH)

※Upper sales limit will be 30% of total ICO

○Week 2：9% bonus (Min: 100LABO=0.1ETH Max:100ETH)

At the end of sales period, or when upper sales limit has been reached, token sales will be terminated. In the event where 2000ETH could not be raised, all ETH will be returned to investors.



Burning of LABO token and restriction of token reserved by the Company

Of all token sold during token sale, all tokens that have not been sold by the end of the sales period will be “burned” within 3 months.

Also, served tokens held by the Company will be “locked up” for 6 months and will not be withdrawn. Even after 6 months, it may not be sold at price below 5 dollars USD.

The breakdown of total issue volume is: ・Sold during token sale 55% (15,400,000 LABO) ・Reward for referral program 4% (1,120,000 LABO)

・Reward for bounty campaign 1% (280,000 LABO)

・Reserved by LABO Corporation 20% (5,600,000 LABO)

・The management, team members, affiliates, developers, and others 20% (5,600,000

LABO)

Budget Allocation

The funds raised from token sale are to be spent stipulated as below: ・Development of LABO ICO token sale infrastructure platform

・Development, operation, and maintenance of “LABO,” a mobile application

・Promotion and marketing of LABO project and its related services

・Assignment of developers and engineers

・Legal department

・Application fees for approval as domestic operator

・Expenses toward employee, developers, and partners

・Enhancement of User Support

・Server enhancement

・Marketing costs for user acquisition

etc.



Token Features

The LABO token in LABO network is a modular utility token for increased activities in the LABO network. With LABO token, users will have total freedom which was unattainable in Web2.0 era. The total freedom we mentioned in this case means an array of things such as governance in LABO client, curation function as social network, anonymous communication, and settlements.

Also we would like to demonstrate research results of user acquisition strategies for expansion of LABO network by introducing price-competing market which proposes two-way pricing rather than solely by companies, Sticker market, and transfer capacity expansion function market.The following is a list of LABO token feature (Including features implemented after approved ): ・Group chat ・Restricted participation to group chat ・Push notification ・Remittance in chat ・Remittance to address expressed in QR code ・High level encryption of communications ・Pre-approval of contacts



Group chat feature will function with issuance of shared group chat ID.

All communications within group chat will be encrypted based on shared group chat ID, and a key specific to the group chat will be issued.

Even if an outsider eavesdropped into this chat log, decryption is not possible without the specific key owned solely by group administrator. Also, if group administrator had transferred the power to another member, this specific key will be changed.

Pre-approval of contact is expected to be used by celebrity figures of respective fields. If contact request was made by someone who you have not contacted in the past, the minimum LABO token required as deposit for new contacts can be set up. This is similar to follow request in modern SNS, and set amount of token will go to the recipient at the time of approval.



What is Ethereum and ERC-20 Ethereum

An information exchange network requires a medium for it.

We considered the use of various distributed autonomous networks, and Ethereum was selected as the most appropriate after careful evaluation. This is because the Ethereum network is powered by self-executing functions of Smart Contract and has a track record of extensive Dapp developments, and our vision has a much higher possibility of being realized on it.

Smart Contract functions in Ethereum can be regarded as an automated execution of a contract on-line. In the real world, if creditor A wants to collect his credit from debtor B, the methods for execution available are either persuading debtor B to pay up, or get a hold of debtor B’s account information and resort to legal means of debt collection executed by the state. If, however, this contract was defined in Smart Contract which was registered on Ethereum network, this debt collection can be automated.

In the application, if the user wants to add push notification function offered company X, he/she can do so automatically without any contact with company X. Needless to mention, if company X’s fee doesn’t suit, company Y or Z can be selected. Actually, X, Y, and Z here represent nodes, not companies.



The de facto standard is ERC20, which is for utilizing rich track records of DApp developments. The advantages of using ERC20 is largely that it’s already being used in various distributed network services using DApp and ERC20. Distributed storage service Swarm, Whisper which is for P2P communication, and TrustDavis for evaluation of reliability. Our LABO application utilizes these as well.

The reasons for utilizing de facto standard are such as it’s already being used for individual projects, and bugs and vulnerabilities are reported frequently and fixed in great numbers. We do not have the time for re-invention of wheels, as we are aiming to achieve release of product versions as quickly as we can.



Governance

The major flaw in networks until Web 2.0 was ordinary users had no influence on the network as a whole. In order to use the service, he/she were required to accept the terms by the provider unconditionally as a matter of fact.

In the LABO network, although a user is required to accept our terms in the beginning, but after that he/she has direct influence over all decisions within the network, including method of software development. Tokens are used for decision making with regard to certain proposals, and as a result the direction of software development will be democratically determined. More specifically, LABO tokens are replicated every time certain decisions are made for creation of tokens pertaining to individual decisions.

At initial stage, said flow will be collaborative especially in software development, and LABO tokens are paid as rewards to anyone posting issues on public repository about LABO network on github specifically. At this stage, we have not been able to process all decisions regarding the software democratically, but in the future we will be paying attention to Dapp projects to automate all decisions about network.

LABO token smart contract on Ethereum network has been published on the github public repository in its entirety and can be confirmed by everyone. Included in it is token sale details written as code.



LABO App images and features

In this chapter we take a closer look and introduce images and features of LABO application.

The above image represents messaging and wallet screen in LABO. In consideration of intuitive user operation, its UI is no different from traditional messaging apps. From the location of Ethereum icon within screen one can remit LABO token or ETH. The UI is currently wireframe stage and possibly subject to change after release of β version. Needless to say, after that, users will determine democratically based on Ethereum network with respect to the extent possible.



LABO application also comes equipped with Ethereum wallet function. According to the development schedule, the wallet function will be ETH only until product version development, but including Bitcoin and other major coins will likely come as a result of user decisions.

Also in α version, only wallet managed on LABO application are implemented, but in the future, we would like to partner with companies with hardware wallet technology, and make use of hardware wallet that can be managed on smartphone if possible.

・Use case

Usually managed by walls on LABO app. (hot wallet), but by connecting hardware wallet to smartphone, another wallet tab will appear and can be managed in cold wallet.



Security

Still, security is a big issue. We investigate vulnerabilities in each version of protocols and search closely for exploit, and writing modification program to absorb such behavior. In addition to these tasks, we need to consider security issues in development of our own application.

In LABO app. message encryption function is done using specific information provided by Ethereum network, but for content that require confidentiality, additional encryption are being evaluated currently. Taking ideas from Ethereum network’s plan to adopt PoS (proof of stake) in SERENITY, in LABO application also trusted third node is selected and given the role of Certificate Authority, which will make establishment of CA on blockchain possible. CA will still have the issue of trust (or why should we) theoretically, but PoS may improve it.

As for security, we will make careful observations as to which scheme is best for us to adopt by considering all of the following: direction of Ethereum itself and its development status, development status of Dapp like TrustDavis, and their stability and vulnerability, and how they affect operability. These decisions are also the part which will be decided by users in the future.



Use cases

○ Sale of products and information

・User A makes payment for purchase at general store B using LABO app’s QR code service.

・User B who wants to purchase information from User A pays with LABO app. and User A

sends User B information only viewable on LABO app.

・User A who is a musician wishing to publish his music provides it to node B which provide

music-sharing service using LABO token, and receive set amount of LABO token from listeners.



○ Remittance management

・A group of 7 friends go to a restaurant and user A pays for everyone. User A displays QR

code and everyone else reads it and sends him/her his share of the cost.

・User A wants to send gift money to his/her grandchild who lives far away and entered

school. Congratulation message and ETH is sent using LABO app.

○ Messaging

・Entrepreneur A and Investor B exchange highly encrypted messages with each other by

spending LABO token.

・A, who wants to receive push notifications pays LABO token to B that provides a node for

push notifications, and receives push notifications.

・Journalist B who wants to interview Famous painter A contacts A directly by paying

amount of LABO token set by A.



The Team, and resources on LABO The Team

Naoki Matsumoto 　　( CEO )

In his years at technical high school he majored in mechanical technology and studied mechanical design and engineering. In 2010, after graduation he took a job at major component manufacturer. Due to his father managing a company, he began to take interest in management, and studied on his own. At age 20 he made investment in solar power generation business, and he has started businesses since then. In 2014, he came across Blockchain technology, and studied it being convinced of its potential. He also began investing in Bitcoin. With further development and wide adoption of distributed ledger technology and Ethereum network as goal, he launched LABO.

Yusuke Takahashi 　　 ( CMO )

He studied Economics in college. After graduation he joined an Internet startup finding it best for accelerating his growth. As a result of his achievements there he was selected as head of web advertisement operation. While managing advertisements amounting to million dollars, he also assumed the role of designer. He also took part in UI and UX design of job hunting app, allowing him to have insight in app design. In 2015, he joined a major IT company as media director for portal websites and apps with emphasis on SEO and SNS inflow strategy. He doubled PV of existing media which resulted in profit of tens of millions of yen. Invited by CEO Matsumoto, he is now in charge of web marketing at LABO, where he strives for wider adoption of blockchain technology.

Daichi Kinoshita 　　 (CTO)

Due to his father managing an IT company, he was taught programing at 3rd grade. After graduation from high school, he went to vocational college to study development of video games. There, he was awarded Bim Flontier award and Kobe Mayor's Award with his BuildLiveKobe. Upon graduating he joined a game studio. The game he developed in his first year went No.1 in AppStore’s game ranking. Then he resigned and worked freelance, being involved in many projects by major companies. He saw potential in blockchain technology and has been devoting himself in Research and Development since then.



Official website https://laboproj.io

Official Slack https://join.slack.com/t/labo-message/shared_invite/enQtMjk3MDI2ODU4OTY3LTZmMTEwMGNmOGUwOTNkZGZhZjVmNjAxMmNhZDEyZDUyYWUyMDU1Y2YyZTYxODFjMzI3NDc1MTIzMGRjMTYxNjM

Official Twitter https://twitter.com/LABO_messaging

Official Facebook https://www.facebook.com/LABOInc-168091483797165/

Official bitcointalk https://bitcointalk.org/index.php?topic=2666507.msg27194687#msg27194687


https://laboproj.io

https://join.slack.com/t/labo-message/shared_invite/enQtMjk3MDI2ODU4OTY3LTZmMTEwMGNmOGUwOTNkZGZhZjVmNjAxMmNhZDEyZDUyYWUyMDU1Y2YyZTYxODFjMzI3NDc1MTIzMGRjMTYxNjM



https://twitter.com/LABO_messaging

https://www.facebook.com/LABOInc-168091483797165/

https://bitcointalk.org/index.php?topic=2666507.msg27194687#msg27194687


The Roadmap

We are aiming for completion and release of product version of LABO platform in 2019. After end of token sale, we would like recruit test users from the public for our app development.



Cautions, Risks, and Disclaimer

・This Whitepaper describes the first sale of LABO token.

・LABO token do not have constitute securities in any legal jurisdictions.

・This Whitepaper is not intended to solicit investments, and doesn’t constitute public offering of a

security in any legal jurisdictions. ・Purchase of LABO is token LABO is final and conclusive, and not subject to refund.

Limitation on purchase

Citizens and residents of countries or regions where purchase of LABO token or similar crypto-token may be prohibited or considered non-compliant with applicable laws and ordinances are not authorized for purchase of LABO token therefore cannot purchase it. Residents of People’s Republic of China specifically cannot purchase LABO token via Token Sale.

Purchase of LABO token may only be carried out by individuals, businesses and companies that are sufficiently knowledgeable in crypto-token and blockchain-based software systems. Purchaser of LABO token shall have sufficient understandings of storage and transmission mechanism of crypto-token in general. LABO corporation and its directors and employees shall not be held liable for loss of LABO token arising from action of purchaser or lack thereof. If the purchaser does not have the experience or expertise required, such person should not purchase LABO token nor participate in LABO token sale.

When purchasing LABO token, one is strongly encouraged to evaluate all risks and cost of purchase of LABO token carefully and receive independent advice as necessary. Those who are not in the position of accepting or understanding the risks associated with LABO token sale, including development of LABO platform are strongly discouraged from purchase of LABO token until such person received necessary independent advice.

Risks

Before purchasing LABO token, the purchaser should decide on the purchase after careful evaluation of various risks as stipulated below.

・Purchased LABO tokens will be stored in the wallet managed by the purchaser himself. If the

LABO token purchaser does not properly keep the record of exact password, LABO token may be lost. Also, if the purchaser doesn’t securely protect his password and was deciphered or became known to someone, it may also lead to loss of LABO token.

・The purchaser acknowledges that several services on LABO platform is still in development and are

subject to significant changes before the launch of services. The purchaser also acknowledges that his expectations on the LABO platform layout and features may not be fulfilled due to a variety of reasons.



・The purchaser acknowledges that LABO will make its best efforts to release LABO platform and its

services on schedule, but delay of official release is still possible.

・The purchaser acknowledges that our development of LABO platform may not be done by

inevitable accident or other reasons despite of efforts.

・The purchaser acknowledges that secondary projects like transferring money in this white paper

may not be done.

・Similar to other crypto-tokens , LABO token’s value can fluctuate substantially, and its value may

decrease due to various reasons. The reasons include supply and demand, overall crypto-token market conditions, political and geographical conditions, changes in regulations in certain legal jurisdiction, and technical reason.

・Currently, LABO can not be exchanged to legal tender or other crypto currencies with unspecified

people.

・LABO token is issued on Ethereum blockchain. Therefore Ethereum protocol’s failure or

unexpected behavior may affect transfer of LABO token and/or purchaser’s ability to securely store them. Such effect may affect the value of LABO token negatively.

・LABO token is to be listed on overseas exchange, but, despite of efforts by LABO Inc., this may not

be done.

Disclaimer

LABO corporation, its directors and employees shall not be held liable for the any indirect, special, incidental, consequential and all other damages or losses incurred by the purchaser arising out of or related to acknowledging or accepting the contents of this white paper, whether whole of in part (including profit, revenue or lost profit and loss of use, or loss of data), whether in contract, tort or otherwise, to the fullest extent permitted by applicable laws, regulations and rules.

LABO corporation, its directors and employees shall not be held liable for loss of purchaser’s LABO token after transfer of token to the purchaser for whatever reasons including not recording or backing up exact password information, password deciphered by others due to mismanagement of password by the purchaser.

LABO Corporation will make its best efforts in commencement of operation and development. However, a person who intends to purchase LABO token shall acknowledge



and understand that LABO Corporation makes no guarantee whatsoever regarding commencement of LABO platform services. Also, a person who intends to purchase LABO token shall acknowledge and understand that LABO corporation (including its employees) has no obligation or not responsible for any loss or damage arising out or related to of inability to use LABO token.

Regulatory agencies cautiously review businesses and activities related to crypto token all over the world. In relation to it, regulatory measures, investigations or decisions may affect LABO Corporation’s business and may restrict or prevent future developments of operation. Purchaser of LABO token shall acknowledge that LABO Corporation’s business model, LABO platform and existing platforms may undergo changes or may require modifications due to new regulations and compliance requirements coming from laws applied in certain legal jurisdictions. In that case, the purchaser or a person who intends to purchase LABO

token shall acknowledge and understand LABO Corporation and its affiliated companies shall not be held liable for direct and indirect loss or damages arising out of such changes.

This whitepaper and all other materials or explanation by LABO Corporation and its directors and employees are not solicitation for investments and may not be regarded as such. These do not constitute a public offering of a security nor relates to it or regarded as such. This white paper does not publish nor contains no information which may be regarded as a proposal or rationale for investment decision.

LABO corporation and its directors and employees are not tax, legal or financial advisors in any way, and may not be regarded as such.

Acquisition of LABO token does not grant purchaser any rights or influence on organization and governance of LABO Corporation.

Disclaimer of representation and warranties

LABO Corporation does not intend and explicitly disclaims promise of representation and warranties regarding accuracy, truthfulness, and completeness of information contained in this whitepaper toward any entities or persons.

Purchaser’a Representation and warranties

By participating in LABO token sale, the purchaser represents and warrants the following:



・The purchaser has the authority and full ability to purchase LABO token in accordance with laws of the area the purchaser resides. ・The purchaser bears sole responsibility on decision regarding suitability of LABO token purchase. ・The purchaser does not purchase LABO token or participate in LABO token sale as an agent for another person or organization. ・The purchaser carefully evaluated risks, cost and all other disadvantages of LABO token purchase and understood risks, cost and all other disadvantages of LABO token purchase. ・The purchasers are not purchasing tokens as speculative investment. ・The purchaser recognizes and agrees that LABO token does not constitute securities of any kind in the purchaser’s legal jurisdiction.

・The purchaser recognize and agree that this whitepaper does not constitute prospectus or tender offer document of any kind, and is not intended to be public offering of a security or Invitation to invest in securities in the purchaser’s area. ・The purchaser recognize and agree that information described in this whitepaper are not reviewed or approved by regulatory agencies based on legal and regulatory requirements or regulations in any legal jurisdictions and there are no such plan, and even if this white paper was published, distributed or disseminated to the purchaser, it does not mean compliance with applicable legal and regulatory requirements or regulations. ・This whitepaper and its copies, whether in whole or in part, being distributed or disseminated, and the purchaser accepting it are not forbidden or restricted by laws and regulations in the purchasers area, and if restrictions on possession of token are applied, the purchaser will comply with all such restrictions without LABO corporation bearing any responsibilities whatsoever and at the purchaser’s own expense. ・If a person wishes to purchase LABO token, such purchaser recognize and agree that LABO token are not classified nor handled as following: (a) Bonds, shares or share certificates issued by LABO corporation (b) Rights, options or derivatives of bonds, shares or share certificates (c) CDF Contract or rights based on other contracts with securing profit or avoidance of loss as purpose or purpose on the premise (d) Interests in collective investment scheme (e) Interests in business trust分 (f) Derivative of interests in business trust (g) All other securities or types of securities

・The purchaser recognizes that LABO token is currently not cryptocurrency in act on settlement. ・The purchaser recognizes that he or she can not exercise any rights of LABO Inc. by LABO token.



・The purchaser sufficiently understands software systems based on blockchain, Ethereum wallet and other related token storage mechanisms, operation, functions, use, storage, and transmission mechanism and other important qualities of blockchain technology and smart contract technology. ・The purchaser fully acknowledge and understand that if he/she wishes to purchase LABO token, there are risks associated to business and operation of LABO corporation. ・The purchaser recognizes and agrees that LABO corporation shall not be held liable for the purchaser’s any indirect, special, incidental or consequential and all other damages or losses arising out of or related to acknowledging or accepting the contents of this White paper, whether whole of in part (including profit, revenue or lost profit and loss of use, or loss of data), whether in contract, tort or otherwise. ・The purchaser will not use this token sale for unlawful activities including but not limited to money laundering and terrorism financing. ・From the time of acknowledging that the purchasers acquired this whitepaper in whole or in part, and/or owning a copy, above representation and warranties are authentic, complete, accurate and conductive to misleading.

Updates on Token Sale information

LABO Corporation reserves the right to, and may at its sole discretion make changes, modify, add, and remove part of this whitener and terms and conditions by publishing such modification on LABO website. The purchaser are regarded as accepting such modification by purchasing LABO token. The purchaser shall not purchase LABO token if, at any point, does not agree with latest version of this whitepaper and terms and conditions.

Information on market and industry

This white paper contains information and projections on market and industry that are derived from internal investigation, report and research, as well as market research as needed, general publicly available information and industry journals. Such investigation, report, research, market research, general publicly available information and publications generally state there are no guarantees on accuracy or completeness of information even though information sources are considered reliable. LABO corporation has not independently carried out a review of any information extracted from third party sources nor substantiated the accuracy and completeness of such information, nor confirmed the economic outlook such information relies on. Therefore, LABO corporation, its directors and employees do not represent or warrant accuracy or completeness of such information, and have no obligation to provide update information on such information.



Revision History

December, 27 2017 : Added log in “Background”, “What is LABO”, and “Token features”

December, 29 2017 : Added log in “What is LABO” and modified “Token features”.ICO schedule change

January, 5 2018 : Concerned about Ethereum's hard fork and changing the schedule of ICO


Documents

Naoki Matsumoto. Yusuke Takahashi. Daichi Kinoshita. …€¦ · LABO is an open-source messaging platform from Japan as well as a social network utilizing the power of the Ethereum