The Lab Times SNS

General
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Executive Summary:
The Lab Times aims to transform into the first community-owned satirical news platform on the Internet Computer through SNS decentralization. As the leading source of blockchain humor and parody news since [inception date], we seek to pioneer a new model of decentralized journalism that combines entertainment with community governance.

Mission Statement:
To decentralize satire and democratize humor while building a sustainable, community-owned Web3 media platform that keeps the Internet Computer and 99.9% of the broader crypto ecosystem honest through the power of parody.

Current State & Achievements (1 month):

  • 30+ original satirical articles published
  • 500,000 impressions on X
  • 700 social media followers
  • Featured by prominent IC ecosystem projects
  • Zero lawsuits (surprisingly)
  • Consistent track record of predicting project failures through suspiciously specific “parody” articles

Technical Architecture:

  • Frontend: Built on ICP using React
  • Backend: Fully deployed on Internet Computer canisters
  • Content Management System: Custom-built on-chain solution
  • Archive System: All articles stored on-chain with permanent accessibility
  • Decentralized content voting mechanism
  • Token-gated premium content system
  • DAO governance integration for editorial decisions
  • Community submission and curation system

Tokenomics:

  • Token Ticker: TIMES

  • Total Supply: 27,000,000 TIMES

  • Minimum SNS Raise: 3,000 ICP

  • Maximum SNS Raise: 10,000 ICP

  • Distribution:

    • Community Treasury: 10% / 2,700,000 TIMES
    • SNS Initial Sale: 40% / 10,800,000 TIMES
    • Conversion Fund: 45% / 12,150,000 TIMES
    • Team Fund: 5% / 1,350,000 TIMES

  • Community treasury is reserved for DAO initiatives

  • ICP raised by the SNS sale will be used for:

    • Minimum 1000 ICP dedicated to DEX liquidity
    • DEX liquidity will be locked using Sneedlock
    • Token registration fees
    • Canister maintenance
    • Software development
    • Marketing and partnerships

  • Legacy $LAB token will be converted to TIMES

    • Conversion rate: 1 $LAB = 1.002375 TIMES

  • Team fund tokens require a 1-year vesting period.

Tokenomics FAQ:

  • Why do legacy $LAB holders only get 45% of the token supply?

    • The legacy $LAB token is a basic meme token
    • It does not allow owners to vote through a DAO
    • It does not control a treasury for maintaining and growing the project
    • In order for the project to grow, it needs to attract funding by offering new SNS investors a decent entry point
    • It also needs to protect the value of legacy $LAB token holders
    • This distribution represents the fairest compromise

  • How much will each TIMES token cost during the SNS sale?

    • The price per TIMES token will depend upon how much ICP was raised.
    • If 3,000 ICP is raised, price will be: 0.000278 ICP/TIMES
    • If 10,000 ICP is raised, price will be: 0.000926 ICP/TIMES

Conclusion:
The Lab Times SNS represents a unique opportunity to decentralize humor while building a sustainable, community-driven platform for blockchain satire. Through this transition, we aim to preserve our core mission of keeping the crypto space honest through humor while empowering our community to shape the future of decentralized journalism.
NOTE: This proposal contains forward-looking statements that may or may not be entirely satirical.
DYOR (Do Your Own Ridiculing)

6 Likes
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LAB and The Lab Times is a necessary staple in the ecosystem!

5 Likes
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will make sure not to miss this one! I really enjoyed your X articles and I think they’re much welcomed, especially during these harsh times.
Good luck !

3 Likes