This project is called LALA World , which means “happy”, it acts as a supporter of financial freedom, accessibility and happiness for the poor in the world. The Institute protects itself as one that can make changes to more than 2 billion people, which are often ignored by large financiers, as they are considered not worthy of risk.
They are aimed at achieving this feat through interaction with governmental and non-governmental organizations, as well as the inclusion of technology of blockades, biometrics and distributed books.
LALA World intends to distribute 150 million of its tokens to investors, which corresponds to 150,000 ETH. This means that 1 ETH is estimated at 1000 LALA tokens. Below are the highlights of the long-awaited ICO:
- The pre — sale begins on November 25 and ends on December 9, 2017, the participants of this event will be granted a loyalty bonus.
- There will be feedback and consideration between the 16th-31st December 2017
- ICO itself will start on January 5, 2018
- ICO will end on February 5, 2018
- ETH, BTC and other crypto currencies are acceptable and will be converted to tokens during the process.
In addition to the 150 million tokens that will be offered under the ICO, LALAwill create another 100 million, bringing them to 250 million. Then the tokens will be distributed according to the following criteria:
- 60% will be allocated for ICO
- 15% reserved for project owners and pioneers
- 10% will be provided to advisory and advisory parties
- 15% will be left in reserve.
The funds raised in the ICO will be used in a variety of ways, including:
- Integration of the block chain
- Advertising and marketing
- Business expansion
- Administration of the institution
In an effort to realize its idea of inclusiveness, LALA has developed a platform known as the ecosystem. Individuals gain access to the ecosystem by creating a LALA purse, followed by a LALA identifier. From here, ecosystem services can be used that include:
= Wallet LALA =
This is the main module of the entire LALA ecosystem. It comes in the form of an application that monitors all other components of the system. After downloading, users can buy and sell Fiats and other crypto-currencies, pay bills, transfer money and manage any other traditional banking transactions in a convenient order. In fact, the application uses LALA tokens for smooth transactions. The application has a built-in exchange office, through which customers can convert digital currency formats. Developers are also unanimous, with the inclusion of API, which allows you to integrate third-party systems. Loyalty to the system does not go unnoticed, since ordinary users get bonuses for the constant use of the application. Besides,
= LALA ID =
Most non-bank people owe their troubles to one major problem, the inability to prove their identity. Thanks to ID LALA, this project aims to create a unique digital identity for every person that is generally accepted. To increase its reliability, the identifier uses biometric functions, rather than photographs.
= Translations of LALA =
Once the wallet and ID are configured, users are going well. One of the services that they entrust after verification is the transfer of LALA. This service allows them to transfer tokens to another user at affordable prices. The markers can then be removed in the form of a fiat or the recipient’s preferred crypto currency.
= LALA Lends =
In the first world, peer-to-peer and micro-loans are the norm and are easily accessible. On the contrary, people in the developing world are unlikely to be able to access this, the situation that LALA has decided to put an end to. Through its credit service institution offers in the p2p application and microcredits, as well as loans at the community level.
= Map LALA =
Users can order a physical card, which in addition to the application can be used when working with the LALA wallet.
Technical paper https://lalaworld.io/whitepaper.pdf
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