LAB (often referred to as LAB Terminal) is a multi-chain trading infrastructure that allows users to trade, deploy, and analyze tokens across various blockchains. In essence, it serves as a unified trading terminal accessible via web app, Telegram bot, and browser extension, aimed at streamlining the fragmented crypto trading experience into one platform.

Project Function

• Low Trading Fees: LAB Terminal charges only a 0.5% trading fee.
• Native Multi-Chain Support: LAB is a cross-chain platform from day one. It launched on Solana and TON and is expanding to all major chains (including non-EVM chains), so users can trade assets across Solana, Ethereum, BNB Chain, Base, and others.
• High-Speed Execution Algorithms: The platform offers unique trading algorithms and a high-performance execution engine that give traders an edge. These algorithms pre-process market data and optimize order execution, yielding better entry prices and ultra-fast trade confirmations.
• Advanced Trading Tools: LAB Terminal provides a professional-grade toolset typically found on advanced exchanges. Users have access to AI-powered trading signals, advanced order types like limit orders, stop-loss and take-profit presets, MEV-frontrunning protection, custom gas controls, and even on-chain perpetual futures trading.
• Integrated Browser Extension & Telegram Bot: To enhance user experience, LAB offers a browser sidebar extension that lets users trade directly from any webpage. Uniquely, LAB is also accessible via a Telegram mini-app/bot, allowing instant trading from within the Telegram messenger interface.
• Referral and Loyalty Program: LAB features a 4-level referral system that rewards users for inviting others. Traders earn up to 41% of the trading fees generated by their referrals across four referral tiers. In addition, the platform’s usage is gamified via a loyalty point system: by trading on LAB, users accumulate points that translate into larger $LAB token allocations during airdrop seasons.

Token Utility 

LAB is the utility and rewards token of the LAB ecosystem. Key use cases for LAB include:

• Platform Rewards & Loyalty: LAB is distributed to the community through the two-season airdrop program. 
• Deflationary Model: LAB employs a deflationary token model designed to accrue value to token holders over time. Notably, 80% of all platform revenue (trading fees, etc.) is allocated to buybacks, token burns, and reward pools.

About The Founders

Naveen Rao (Co-Founder and CEO): Naveen previously co-founded Nervana Systems, a company focused on deep learning hardware/software, which was acquired by Intel in 2016. After that acquisition, he headed AI work at Intel (led its AI division) before founding MosaicML, an AI/ML infrastructure company. MosaicML was acquired by Databricks in 2023 in a deal of $1.3B (per press sources).

Vova Sadkov (Co-Founder and COO): Vova is a serial entrepreneur, co-founding various businesses in the EdTech and MedTech industries before pivoting to Web3.

Risks of LAB

Like an investment in other crypto LABs, there are some general risks to investing in LAB. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto LABs and Uphold’s platform, please refer to the Risks Specific to Holding Digital LABs statement.

In addition to these general risks, an investment in LAB is subject to the following specific risks:

• LAB operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto LAB Statement is not an exhaustive description or summary of all risks associated with LAB. Investors should conduct their own research and perform their own assessment before trading any crypto LAB to determine the appropriate level of risk for their personal circumstances.

The LAB community and Lab Terminal founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of LAB have no recourse to the LAB community, Lab Terminal founding team, or Uphold if LAB declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto LABs, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing LAB on the Uphold Platform, Uphold performed due diligence on LAB and determined that LAB is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of LAB, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of LAB.
• Any marketing materials put forward by the LAB social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with LAB, including any code defects, security breaches and other threats concerning LAB and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with LAB, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of LAB.