LABEL Foundation (LBL) is a cryptocurrency launched in 2021 and operates on the Ethereum platform. It has a total supply of 3 billion tokens, with a circulating supply of 1.1 billion tokens. The token's price performance is tracked on various exchanges, including Gate.io and HTX, and its market capitalization is around $8.169 million. LABEL Foundation's all-time high was recorded at BTC0.051160, and its all-time low was at BTC0.074563.
The crypto LABEL Foundation (LBL) is used to facilitate various activities within its ecosystem. Primarily, it allows investors and content creators to connect and trade NFTs, ensuring fair profit-sharing and integrating with IP rights. The LBL coin is also used for decision-making and controlling the LABEL platform. Additionally, it supports the Listen-And-Earn mechanism, TRACKS, which rewards users with tokens based on their music playback time, which can then be used to support musicians or spent within the platform.
To store LABEL Foundation (LBL) tokens safely, it is recommended to use a "Cold Wallet," which is a wallet that is totally offline. This type of wallet provides the highest level of security for storing your coins or tokens.
To buy LABEL Foundation (LBL) tokens, you can follow these steps:
Buying from Centralized Exchanges (CEX)- Register and Verify: Find a reliable CEX that supports LBL trading, such as Binance or KuCoin. Register an account on their official website or app, and verify your identity using a government-issued ID. Enable two-step verification for added security.
- Buy Base Currency: Use fiat to purchase a base currency like USDT, ETH, or BNB through the CEX's OTC trading service or a financial service platform like PayPal or Robinhood.
- Transfer Base Currency: If the CEX you're using doesn't support LBL trading, transfer your base currency to another CEX that does.
- Buy LBL: Use your base currency to buy LBL in the spot market.
- Choose a DEX: Select a DEX that supports LBL trading, such as Uniswap or Pancakeswap.
- Get a Wallet: Download and install a Web3 crypto wallet like Metamask or an app wallet like Trust Wallet, which is supported by the DEX.
- Buy Mainnet Currency: Purchase the mainnet cryptocurrency corresponding to the DEX (e.g., ETH for Ethereum-based DEX or BNB for Binance Smart Chain-based DEX).
- Swap for LBL: Use your mainnet currency to swap for LBL on the DEX.
Remember to check the exchange's customer service and announcements for any regional restrictions or tax implications.
