LABI is a decentralized, rapid-deflationary currency based on the Huobi ECO Chain. Its an experiment conducted by decentralized blockchain enthusiasts, with its liquidity mining pool permanently locked and 50% of the smart contract ownership transferred to a black hole address for destruction upon issuance.

LABI features unique reward and deflation mechanisms as well as liquidity trading mining capabilities.
Every transfer transaction on the LABI chain incurs a 6% tax: 3% is added to the MDEX liquidity pool, 1% is burned in a black hole address in real-time, and 2% is distributed in real-time to other holders outside of the black hole address.