LaLa World - 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
- 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
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.
Founder & CEO
Chief Revenue Officer
Chief Technology Ofﬁcer
Global Head of Strategic Partnerships
Partners & Investors
- Q2 2016Office setup
- Q3 2016Expansion Development started
- Q4 2016Government, corporate and local partnerships
- Q1 2017Started blockchain Development flat wallet Prototype started to develop
- Q2 2017First product Prototype Hiring senior managers ICO preparation started
- Q3 2017Feedback and testing Development partnerships on LALA transfers and licenses
- Q4 2017Pre ICO First wallet release in 4 countries Selected services
- H1 2018sICO Expansion across products and markets Local force and partnership full swing
- H2 2019Comprehensive wallet with various services across 25+ countries
- 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
Registered Address: Singapore, Singapore
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
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
Only in-app escrow for users found https://lalaworld.io/whitepaper.pdf (page 25)
No ICO escrow information.