• Software
  • Wallet

LaLa World 4.25/5 (1) - Ecosystem for migrants

LALA World (“LALA”) is a wholesome ecosystem for the unbanked, starting with the migrants and their families back home. The ecosystem not only revolves around financial inclusion, but also bringing together communities at grassroots level, solving real life issues faced by this population and using the most advanced technology to bring everyone together. The base of this Ecosystem is the LALA Wallet platform. By creating a whole new peer to peer infrastructure, LALA aims to revolutionize the way individuals, small businesses and micro entrepreneurs transact, make domestic and cross border payments, borrow money and associated products like insurances, cards, wealth and other general...

Token sale ended

4.3
Hype5.0
Security4.0
Team3.0
Vision5.0
  • Token: LALA
  • Price: 1 ETH = 1000 LALA
  • PreICO start: 25 Nov 2017
  • PreICO end: 15 Dec 2017
  • ICO start: 5 Jan 2018
  • ICO end: 13 Jan 2018
  • Country: Singapore
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LALA World (“LALA”) is a wholesome ecosystem for the unbanked, starting with the migrants and their families back home. The ecosystem not only revolves around financial inclusion, but also bringing together communities at grassroots level, solving real life issues faced by this population and using the most advanced technology to bring everyone together.

The base of this Ecosystem is the LALA Wallet platform. By creating a whole new peer to peer infrastructure, LALA aims to revolutionize the way individuals, small businesses and micro entrepreneurs transact, make domestic and cross border payments, borrow money and associated products like insurances, cards, wealth and other general banking products.

The key to LALA’s success is in its experienced team and their global network and partnerships. We believe it is all about execution in the end. With relevant experience running such projects, monumental partnerships already in place, great technology team behind us and ground level support, we believe we are blessed to have all come together for LALA.

To accomplish this herculean task, we need partners. We are aware of our migrant and network strength, but also at the same time, aware of our weaknesses. We cannot build everything alone. Therefore, LALA has struck various partnerships across Asia, Africa, Middle East and CIS. That means real customers, real people and use cases. A fiat prototype is being tested across users in Malaysia and India. This will provide us with valuable feedback and make the system more robust. An Ethereum and Hyperledger based domestic and cross border financial system (LALA Transfer) Proof of Concept (PoC) as well as a peer to peer lending platform (LALA Lends) is being developed by our highly qualified blockchain developers. That should be complete just before LALA Tokens hit the exchanges.

The current financial system is broken for this suppressed population. Several papers, articles and theories have been written on this. It has been a herculean task to bring them into the mainstream. From a controlled and centralised financial system, LALA is truly bringing a whole new ecosystem (financial and grassroots community levels) to eliminate the need for intermediaries which drastically reduces costs and creates efficiencies. Storing transactions on Blockchain eliminates complicated procedures and clearinghouses, saving time, money and the risk of error. The allowance of frictionless savings and investments gives people more control over their financial destiny. LALA uses Smart Contracts embedded into transactions that further simplify complex procurement, negotiation and verification processes.

Team

Sankalp Shangari

Founder & CEO

Ranjit Kumar

Chief Revenue Officer

Juri Kopotko

Chief Technology Officer

Ajay Bhatia

Global Head of Strategic Partnerships

Vivek Kumar Tripathi

AVP Technology

Deepoo Gupta

Sr.Blockchain Developer

Sachin Sharma

Blockchain Developer

Anurag Verma

Blockchain Developer

Karthikeyan Thangavel

Blockchain Developer

Advisors

Partners & Investors

Milestones

  • Q2 2016
    Office setup
  • Q3 2016
    Expansion Development started
  • Q4 2016
    Government, corporate and local partnerships
  • Q1 2017
    Started blockchain Development flat wallet Prototype started to develop
  • Q2 2017
    First product Prototype Hiring senior managers ICO preparation started
  • Q3 2017
    Feedback and testing Development partnerships on LALA transfers and licenses
  • Q4 2017
    Pre ICO First wallet release in 4 countries Selected services
  • H1 2018
    sICO Expansion across products and markets Local force and partnership full swing
  • H2 2019
    Comprehensive wallet with various services across 25+ countries

Token

  • Platform: Ethereum
  • Price: 1 ETH = 1000 LALA
  • Accepting: BTC, ETH, USD
  • Token distribution: 60%: Crowdsale 15%: Founders, early investors, technology teams, existing and future employees of LALA 15%: LALA reserve 10%: Advisors, consultants and community developers
  • Hard cap: 150,000 ETH = 150,000,000 LALA

Proof Points
4/5

Legal entity

Registered Address: Singapore, Singapore

https://opencorpdata.com/sg/201615515E

Prehistory of project

According to the roadmap, blockchain activities started only in Q1 2017.
No other project prehistory found.

Product or its MVP

LALA Wallet test app is ready for download https://play.google.com/store/apps/details?id=io.lalaworld.lalawallet&hl=en

Blockchain experience

Advisor Thomas McAlister – Advisor at https://www.ankorus.org/

Advisor Han Kyul Park – Advisor at https://boscoin.io/wp-content/themes/boscoin//src/pdf/BOScoinWhitePaper.pdf

Advisor Prakash Somosundram – Co-founder of https://www.aditus.net/#team

Escrow

Only in-app escrow for users found https://lalaworld.io/whitepaper.pdf (page 25)

No ICO escrow information.

Comments

Update: 14.01.2018

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