Labuan

MY-LBU

118

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Earn MY-LBU Coins

Labuan Coins

Discover everything related to crypto in the city of Labuan.

Officially known as the Federal Territory of Labuan, Labuan is a Malaysian Federal Territory. Off the coast of the East Malaysian state of Sabah, its area consists of Labuan Island and six other islands. Labuan's capital is Victoria and is best known as an offshore financial centre offering international financial and business services via Labuan IBFC since 1990 as well as being an offshore support hub for deepwater oil and gas activities in the region. Additionally, it serves as a vacation spot for Sabah travellers, Bruneians living nearby, and scuba divers. The Malay word labuhan, which means harbour, is where the name Labuan comes from.

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Advantages of Labuan City Coins

Discover the unique advantages offered by the coins of the city of Labuan.

Encourage Local
Consumption in Labuan

Boost the Labuan economy by encouraging local consumption, avoid relocation and increase the ability of producers to hire.

Promote Labuan Savings and
Local Wealth Creation

Promote local wealth creation and savings with the validity of the Labuan Coins being limited to a territory and the service of the local economic force (small local shops, local producers, etc.).

Facilitate Economic
Cooperation

Facilitate economic cooperation between you the resident, and Labuan. Encourage city manufacturers to reduce the transportation of products and take action against climate change.

Encourage
Social Initiatives

Receive a basic income each month by participating in common actions - selected by the Labuan community - for the good of the city.

Reduce Wealth
Inequality in Labuan

Provide the vast majority of the newly issued Labuan Coins to the residents as a form of universal basic income to reduce the gap between the rich and the poor.

Protect Labuan from International
Market Volatility

No need to worry about fueling market speculation with derivative assets. The Labuan Coins improve the territory in which they are administered, losing all value outside of it.

MY-LBU PRICE

MYR 1.00

$0.27 USD

+0.44%

50,671 PTS

Rank

0 / 185

Leader

NYC - 53,057 PTS