An Ecosystem for migrants and their unbanked families. LaLa World ICO rating – not rated.
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Ended ICO : 05/01/18 – 05/02/18
About LaLa World ICO (token sale)
LALA World is an Ecosystem of real life partnerships with governments, NGO’s, local communities and an integration of biometrics, blockchain and distributed ledger technology that aims towards financial inclusion.
LALA World ICO (“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.
LALA’s vision is very simple – financially include the unbanked into the system who have been suppressed for the longest time. Access to basic financial services is a must in today’s day and age. Blockchain has come in as a blessing by creating a truly peer to peer ecosystem on a distributed network. We are aware that to change from the old Fiat system to this new decentralised ecosystem, will take time. That is why we are taking this journey to start with best of both worlds and eventually move to a truly decentralised network. Engaging everyone, especially the unbanked population in the electronic finance system via Blockchain will raise incomes of the poor and also improve health care and education systems. LALA is working with grassroot communities via NGO’s, Local JLG (Joint Liability Groups), Local governments and exploring numerous partnerships. We cannot do this alone. But we can give the tools and incentives to our partners to all come together, transact via one LALA Token, One LALA ID and bring financial services to your doorstep (aka Smartphone).