Lala World, a Decentralized Financial Ecosystem, is now part of the state of the art crypto exchange market, KuCoin. The new token is now available, and users can deposit. Supported trading pairs include LALA/BTC, LALA/ETH.
The schedule below is as follow:
LALA Withdrawal: 20:00 May 20, 2018 (UTC+8)
LALA Buying order: 21:30 May 20, 2018 (UTC+8)
LALA Selling order: 22:00 May 20, 2018 (UTC+8)
About Lala World
LALA World (“LALA”) is all about migrants and their unbanked households. It’s an ECOSYSTEM authorized by the LALA Wallet as a PLATFORM, a single sign-on platform revolving around their concerns and difficulties. Employment issues, digital ID’s, communities build up, government and NGO partnerships, health issues, and a new financial ecosystem for the substantial underbanked population by capitalizing the Blockchain innovation to link the gap between cash, digital and the crypto world. By building a whole new peer to peer ecosystem, LALA intends to revolutionize the way individuals, small businesses and micro-entrepreneurs transact, make payments, borrow money and associated products like insurances, domestic and cross-border remittances, cards and other general banking products.
The business is launching an Ethereum-based token that will be the catalyst for the whole LALA ecosystem, which is itself supported by the LALA wallet platform. This single interface strives to connect the unbanked population with various development drives that reach far beyond the financial system. It involves employment, digital ID, government organizations, and health.
Although the company is favoring heavily on the ERC20 protocol, it is also studying at ERC223 and may one day launch its blockchain.
Buyers of the first 125 million LALA tokens are qualified to receive a loyalty bonus on their first investment. This reward is as high as 25% for the first 25 million tokens.
LALA’s team is directed by founder Sankalp Shangari, an ex-banker who has had ended at Deutsche Bank and J.P. Morgan Chase. He arrives to have a solid track record administering with government, banks and other financial institutions. This sort of arrangement is needed for a project of this kind.
Shangari has four other core team members spanning revenue, technical, partnership and AVP technology areas. The advisory team is even more prominent and consists of blockchain specialists from around the world. It may account for the lack of conclusive blockchain activity at the main organizational level.
LALA is a profoundly aggressive project that endeavors to go beyond bringing the unbanked online. It strives to revolutionize the way people, companies and entrepreneurs transact, make payments and borrow money. The ICO has a robust profile but may operate into implementation dangers as the size and extent of the project expands.