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:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

The full process - Image

This self-sustaining system encourages participation, accelerates innovation, and ensures transparency, creating a unique environment for scientific progress.