LABS Group CEO Shares About the First Community-Owned RTS-NFT Resort — KuCoin AMA Recap

2021/07/21 13:30:57


  1. LABS is a blockchain-based real estate investment platform looking to simplify investor access and capabilities within the asset class. Using the LABS platform, anyone can easily tokenize and fractionalize their real estate, allowing them to sell or trade it to gain instant liquidity. LABS Group also offers a regulated securities market for tokenized real estate trading, a crowdfunding platform, and a lending application that allows peer-to-peer lending based on the collateralization of tokenized real estate assets. LABS Group is redefining the real estate industry, making it more accessible to everyone.

Dear KuCoin Users,

Time: July 16, 2021, 10:00-11:09 (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with Yuen Wong, CEO of the LABS Group, in the KuCoin Exchange Group, who gave an overview of LABS and discussed the recent project their team is working on — the first community-powered and owned Rewarding Timeshare (RTS) NFT resort, Kunang Kunang.

Project Introduction

LABS is a blockchain-based real estate investment platform looking to simplify investor access and capabilities within the asset class. Using the LABS platform, anyone can easily tokenize and fractionalize their real estate, allowing them to sell or trade it to gain instant liquidity. LABS Group also offers a regulated securities market for tokenized real estate trading, a crowdfunding platform, and a lending application that allows peer-to-peer lending based on the collateralization of tokenized real estate assets. LABS Group is redefining the real estate industry, making it more accessible to everyone.

Official Website:

White Paper:

Follow LABS here:


Yuen Wong — CEO of the LABS Group

Yuen Wong is the CEO of the LABS Group and the mastermind behind the first community-powered and owned resort NFT launched by LABS and Gravity Resorts. He focuses on business strategy/development, go-to-market strategic planning and has been an advisor to many major blockchain projects over the past years.

Q&A from KuCoin

Q: Other than what was mentioned in the introduction, is there anything else you want to share about LABS?

Yuen: So let me introduce myself a little.

My name is Yuen, and I'm the founder and CEO of LABS Group, a digitized real estate investment ecosystem powered by blockchain. My background has always been in blockchain and real estate, and that’s why I’m doing this great project with a great team!

LABS is a Digitized Real Estate Investment Ecosystem powered by blockchain and community.

LABS' 3 Prong Strategies:

1. Crowdfunding and Trading Platform

2. Collateralized Lending Platform

3. NFT rewards solutions on Resorts and Hotels

LABS redefines the real estate investment world by resolving the pain points, including illiquidity and high entry costs. And we want to bring real estate investment deals directly to everyday investors. So this brings us to our current project: The world's first community-powered and owned NFT fractionalized resort.

Watch the "Behind the Scenes with LABS Group: Interview with Bernard Lau (CEO & Co-Founder of Gravity Resorts)" on YouTube:

Above, you can find more info about the resort that we fractionalize with NFTs, by issuing 365 NFT to fractionalize it to reduce the cost of investment while enabling us to design special rights and benefits onto each.

So with our NFT, you not only get the profit-sharing rights, they collectively represent 100 percent of the resort profit, and each of them separately represents a specific day of the year for the complimentary staying rights. Plus other incentives such as VIP packages and discounts.

All above for 30 years.

We started a couple of years ago but went the wrong direction, thinking that STO is the right way to go. I guess it is, but the timing isn't here yet. So we adjusted the strategy and integrated deck and NFT to solve the pain points in the real estate investment sector.

You can actually find our live auctions here:

Q: Since you have already mentioned the fractionalized resort RTS-NFT auction that officially started recently, if you may, most of the upcoming questions will be related to that for this AMA session.

Why is the Kunang Kunang project so groundbreaking? How does it work?

Yuen: Sure, let's focus on this project as we think it is really groundbreaking as it is the first time everyday investors get such direct resort and hotel investment and enjoyment deals and can be involved in.

It is groundbreaking because:

- LABS fractionalizes the entire resort by 365 NFTs so that people can invest at a low cost.

- And with NFT technology, we design and allocate incentives and rewards to each of them—the staying rights for the specific days of NFT.

- And our RTS-NFT (Rewarding Timeshare) NFT is much better than timeshare because we give rewards too.

The NFT holders will get profit-sharing from the resort for 30 years, with a projected return of 15% per year.

On top of all these, the NFT holders will get other rights and benefits, such as special discounts, letting and swapping rights, financing, and trading. You also get to brag about it by showing your soon global real estate portfolio to others on your digital wallets.

Lastly, cross-border real estate investment is now easy since LABS has done the due diligence and legal compliance on behalf, including the feasibility study, valuation report, and even site visit.

In case anyone wants to see our valuation report, please DM me for that. The whole resort is valued at 3.65M, and we are starting all bids at 9,999 USDT. Hence the market will decide what they wish to pay. And remember, you can break even by the 7th year, yet you get 30 years of all rights, backed by the professionally managed resort.

Q: What is the motivation for starting the RTS-NFT project?

Yuen: LABS’ vision is to make the investment world a fairer place for everyone.

And we look at real estate, the largest asset class, over 200 trillion USD. And yet, most people don't have a chance to get involved due to high initial and involvement costs, plus it is really difficult to do cross-border investments.

Hence we want to improve the situation and utilize blockchain, DeFi, and NFT to resolve the pain points, including the lack of liquidity.

We are also working with DeCredit to come up with our collateralized lending platform for our real estate tokens so that our users can stake the tokens and borrow against them, hence achieving financial leverage.

And lastly, we want to encourage financial inclusion.

Remember, many in the world can't invest because they can't even get a bank account. With our solutions, now they can as they just need a digital wallet and internet access.

Q: Why invest in the Kunang Kunang project through NFT?

Yuen: Well, because not only do you get to invest, you also get to enjoy.

And this is the first time direct resort investment and enjoyment deals are brought to everyday investors without middlemen.

And with NFT, everything is tradable, transparent, trackable, and accountable.

Remember, 30 years of profit-sharing and staying rights, alongside other benefits and incentives.

Q: What are the benefits for RTS-NFT holders?


See above, quick and simple.

For details, see here:

Q: Can you tell us why LABS chose the BSC marketplace — Refinable as the RTS-NFT auction platform?

Yuen: This is because, at that time, Ethereum transactions were really expensive. So, BSC makes sense.

And that we have a really supportive partner in Refinable.

They understand our needs and give great support. For example, they allow our auctions to be conducted in USDT, which really helps since real estate assets are pegged to fiat values.

Q: What's the next plan for the RTS-NFT project?

Yuen: LABS Group is currently in talks with several property developers as they are really keen on this new solution.

The special situation now also makes them more open to new ideas, and we have shown them why it is better.

Hence we will introduce more and more resort and hotel projects for our backers to be able to invest in and enjoy at the same time.

The next ones could be from Thailand, Japan, Mexico, Singapore, Africa, or Cambodia, as these are the ones we are talking to currently right now in more advanced stages.

As we bring on more projects to our LABS ecosystem, more Istria will be generated, and these profits will be used to buy back LABS tokens from the open market and distribute them to LABS token stakers.

Hence win-win for all since we are moving the cheese of the traditional middlemen and introducing a more efficient and effective way of resort and hotel investment.

Free-Ask from KuCoin Community

Q: How did the LABS team come up with the idea to create a solution for the timeshare industry using NFT technology? Could you tell us about the benefits of this model you created for crypto users and non-crypto investors?

Don't you think 9,999 USDT for NFT is still a very high entry point for an average retail investor? Why not fractionalize these big fractions into smaller ones?

Yuen: I will focus on the second part since the first had been addressed earlier.

In the future, we could make it lower by issuing more NFTs to represent the resort. However, there is a trade-off between uniqueness and price level since each NFT in our case represents a specific day of the year.

Remember, all NFT holders will get 30 years of rights and benefits entitlement.

Q: How will LABS generate profits/income to sustain, and what is the revenue model? How will it benefit LABS and your investors?

Yuen: LABS ecosystem profits can come in many forms, including onboarding fees, success fees, transactional fees, project manager fees, and trading fees.

These will be considered as LABS ecosystem profits which will then be used to buy back LABS tokens from open markets and then distributed to the LABS staking pool holders.

Q: What is the utility of $LABS tokens, and how are they used in the network?

Yuen: LABS tokens are ecosystem tokens (utility tokens) with our special G.A.I.N.S. model:

- Governance: Our token holders can vote on important matters of interest.

- Access: LABS token holders can get early access to real estate projects that the ecosystem introduces.

- Incentives: LABS token holders can get incentives should they decide to get involved in our projects in our ecosystem.

- Nomination: LABS token holders can nominate projects they wish to be launched on our platforms and be rewarded.

- Staking (for rewards): LABS token holders can stake the tokens to get rewards. LABS will use its governed 80 percent profit generated by the LABS ecosystem to buy back LABS tokens from the open market in a quarterly manner and distribute them to the staking pool in accordance with the size and days staked in the pool.

By buying back from open markets with the ecosystem profits, the token price would be boosted, and holders will be rewarded when the ecosystem gets even bigger traction.

This unique mechanism will address the needs of short-term investors and mid- to long-term holders.

Q: Can you tell us what makes your project different from other projects?

Yuen: LABS is a Digital Real Estate Investment Ecosystem, a business that was started in 2018 with the aim of disrupting the real estate investment world by changing the way people invest in it.

LABS will achieve this by resolving the 3 Main pain points in the industry:

1. Illiquidity

2. High initial investment costs

3. High transactional costs

4. Difficulty in performing cross-border property investment management

With a team of experts and professionals in blockchain, real estate, finance, and legal, and now the perfect market timing, LABS is the answer.

Q: Southeast Asia is a very vibrant market, and many projects developed over there. So, what do you think about Southeast Asia, and do you have any plans to develop there?

Yuen: LABS, indeed, will firstly focus on resort and hotel projects from this region due to factors, including proximity, close network, higher yearly returns, and also being attractive touristy areas.

As for investors, it will be global as LABS is indeed a global project.

Thanks all, and hopefully, we can get to communicate and share updates again soon.

Thanks and see you all soon, and one last video:

Bye for now. Stay cool and stay strong.

Giveaway Section

KuCoin and LABS have prepared a total of 167,000 LABS to give away to AMA participants.

1. Free-ask section: 12,500 LABS

2. AMA activity: 154,500 LABS

Activity 1 — Quiz: 120,000 LABS

Activity 2 — Price Guess: 34,500 LABS

. . .

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