The How
How it works
Labda operates as a decentralized marketplace that connects researchers, funders, and problem-solvers within a transparent and collaborative ecosystem.
Here's how the platform works:
Posting Research Projects: Researchers share their projects on the Labda platform, detailing the scope, goals, and funding requirements. Each project is assigned a value in "Research Points," which translates to its cost in Labda tokens or ETH.
Funding Projects: Users browse projects and choose which to fund using Labda tokens or ETH. Contributions go directly to the researchers, allowing for a streamlined and efficient funding process.
Role of Validators: Validators ensure the platform's blockchain operates securely and efficiently. They stake Labda tokens to validate transactions and maintain the network, earning rewards for their contributions.
Problem-Solving with Blockchain Scientists: Researchers can propose specific challenges requiring solutions. Blockchain scientists take on these tasks, earning Research Points as compensation for their work.
Earning and Using Tokens: Labda tokens function as the ecosystem's currency. Users can earn tokens by staking as validators or solving challenges. These tokens can then be reinvested into projects or traded.
This self-sustaining system encourages participation, accelerates innovation, and ensures transparency, creating a unique environment for scientific progress.
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