Well, to give you a very basic idea before we dive into the details, we at LALA WORLD PTE Ltd., have an objective,a vision and that is to integrate cryptocurrencies into the everyday lives of people, making them easy to buy, hold, spend or sell, making this operation cheaper, safer and decentralized. We are here to enable and empower the unbanked and the underserved.
Yes, cryptocurrencies the buzzword these days have attracted a humongous amount of attention in recent times. While the debates regarding their regulations rage on, one thing is for sure- the future of currencies is digital and the “Blockchain Technology” is here to stay!
LALA World (“LALA”) introduces a new financial infrastructure for the underbanked population (and mind you, that population is quite huge out there) by capitalizing the Blockchain revolution to bridge the gap between cash, digital and the crypto world. LALA World, is the new agone-stop Wallet based on Ethereum Blockchain, allowing investors to capitalize on the rise of Blockchain, as well as the underbanked into the financial ecosystem. LALA World was founded in April 2016, in Singapore. By September 2016, our India office was up and running. The year 2017 has seen us expanding to Dubai and Malaysia, and entering into partnerships in the Middle East and Africa. The next couple of years will see us taking our footprint into countries like Australia, Canada, UK, Hong Kong, etc. In fact, we are talking about entering the remaining continents on this planet! And of course, before all that, the Initial Coin Offering (ICO) will be upon you! It is coming soon, very soon!
You would definitely want to know how we want to achieve our objective, right? Well, there are a lot of things that we would be discussing in the upcoming blogs. 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 by creating a whole new peer to peer infrastructure. The premise of your LALA Wallet starts by creating a single digital identity that you can carry globally – LALA ID, protecting your security on Blockchain and giving you the freedom to conduct various financial services, all in one single Wallet. And the wallet is just one of the immediate products that we are offering along with LALA Transfer, LALA Bill Pay followed by other LALA products like LALA Lends, LALA Card, LALA Insurance, LALA Wealth, LALA Kit, etc. that will be available to our customers as we grow. More about them, later!
Know more about us
Technology continues to make life easier. Everything, from shopping to social connect, to digitizing the cable network, has been done to provide the factor of convenience. With the advent of technology, transferring money in the form of cash, cheque, demand drafts, or money orders, may seem like ancient and useless methods. These methods are far less popular when compared to faster electronic methods for transferring money between accounts, states and even across borders. But the cheapest method of transfer still varies from person to person depending on their circumstances and their ability to afford the cost.
Unfortunately, when it comes to transfer of money through phones and other advanced digital options, convenience comes with potential risks. There is a need to protect funds and personal information by being aware of the drawbacks to such methods and the security issues that entail them. There is an abundance of hacking and cloning methods, and tools, that are not very difficult to get hold of.
To prevent people from falling victim to these risks, fintech corporations have come up with the concept where you can encrypt your assets to send them safely to another user, without being bound by excessive regulations and through a completely legal process. Cryptocurrency is a digital currency system that makes use of peer-to-peer (P2P) exchange platforms, is normally decentralized and facilitates the capability of processing digital transactions. The currency holders maintain virtual wallets which can hold such transactions.
Cryptocurrencies have been in existence for quite some time, but were not properly acknowledged. In the present scenario of digital advancements and evolution of money transfers, the process and concept of cryptocurrency has come into limelight. They have generated the tremendous amount of attention as well as controversies after they started being used as a convenient alternative to the world’s leading currencies like the US dollar, the Euro, and commodity assets such as gold and silver. These currencies are quite comparable to those of real money that can be used in purchasing products and obtaining services. Their flexibility allows them to be used for buying automobiles to buying a cup of coffee.
LALA World is introducing an Ecosystem for the underbanked population by harnessing the power of Ethereum & Hyperledger blockchains and bridging the gap between real and crypto world. It is a new-age one-stop wallet based service that, with the help of tokens based on Ethereum’s technology, provides financial inclusion to the underbanked population of the world as well as allows investors to capitalize on the rise of blockchain technology. By creating a whole new P2P infrastructure, LALA aims to revolutionize the way individuals, small businesses and entrepreneurs transact, make payments, borrow, lend, and conduct other basic financial services.
The LALA World Ecosystem is a complete financial ecosystem that consists of 5 major products;
- LALA Transfer 2. LALA BillPay 3. LALA Lends 4. LALA ID 5. LALA Card
LALA Transfer is a Peer-to-Peer local and global remittance that can hold fiat as well as cryptocurrencies. It is an essential service required for migrants working abroad who send money home to their dependents. LALA Bill Pay is designed to be a local and international utility, which facilitates any bill payments via country-specific partners for both Crypto and Fiat currencies.
LALA Bill Pay can process bill payments at the push of a button. This is being facilitated by building partnerships and cooperation with local government agencies.
LALA Lends is a borrowing & lending service that provides the money-lending facility in the form of digital currency, with EMI’s. It provides Peer-to-Peer and EMI based lending for small business and micro-entrepreneurial projects.
LALA Card, a virtual and/or physical debit card (and in time to come credit card), is synced to the LALA Wallet and ensures that you have easy access to your assets. It will be usable at millions of PoS globally.
LALA Wallet will be your single point access to all financial services in the LALA World ecosystem based on your global identity – LALA ID.
LALA ID will be able to consolidate all physical and digital identity into a single secure & private ambient identity, pointing to a secured trusted dataset about the individual, thereby enabling easily individualized interactions in the physical and digital world across multiple vertical applications and complement existing identity solutions.
International migration is an integral part of world economy. According to the United Nations, there were close to 230 million migrants worldwide, excluding refugees, in 2015. These migrants leave their homes and lands in search of greener pastures, to find an opportunity to eke out a meaningful living for the safe and secure future of their families.
Most migrants come from poor and developing nations to search for work in the countries of their more privileged brethren. Almost all migrants aim to earn enough for their own survival in the new country as well as save some money to send to their families back home. Migrants sent almost 600 billion US dollars to their families back home in 2015. And yet they had to shell out a whopping 54 billion USD as transaction costs on these remittances. That is a loss of $9 for every $100 they send. For many, $9 can mean the cost of ration for a week. High transaction costs are a problem that has plagued the migrant community for years now.
The 2030 Agenda for Sustainable Development of the United Nations calls on all countries to implement planned and fair migration policies to benefit the future wave of migration that is foreseeable and imminent in the coming years. One of the major points in this agenda is to reduce the transaction costs of migrant remittances.
It is obvious that what migrants earn at their workplace is definitely greater in value than the currency in their home countries. This clearly explains the pain points of migrants when they pay such exorbitant remittance charges for sending money home. What they need is a financial system that eases this huge burden from their shoulders. That such a system will have far-reaching and positive ramifications on the economies of both the home country and the adopted country of the migrants is a given.
The LaLa World Ecosystem: A Sustainable Solution
LaLa World aims to create an inclusive financial ecosystem that will serve the underbanked and underserved. The engines of the global economy can fire on all cylinders only when the vast majority of individuals on this planet becomes part of it. LaLa Wallet, the core of this new-age financial ecosystem, is a unique one-stop financial services platform that offers a fast, affordable and flexible solution for a range of financial transactions. It is powered by the revolutionary blockchain technology that uses cryptocurrencies as well as digital and fiat money to create a seamless financial system.
At the center of this unique system is LaLa World’s own crypto – LaLa Coin. The Wallet allows conversion of LaLa Coin into other crypto assets as well as fiat Money. Together they power LaLa Transfer, an efficient, cheaper and faster remittance service.
Is It Secure?
In this day and age of internet hacks, identity thefts and theft of digital assets that can leave anybody heartbroken, LaLa World assures the next level of security through LaLa ID. Ask any migrant the importance of a secure and authentic ID and you will realize what we are talking about. LaLa ID is a single, safe, secure, global ID that is on the Blockchain and totally under your control. A unique, all-encompassing identity akin to the social security number in the United States and the Aadhar in India, LaLa ID aims to be a truly global ID that you can carry anywhere in the world without having to maintain any physical form of the identity.
LaLa ID is incorruptible, far superior to existing IDs and is available on demand. The LaLa ID is a consolidation of biometrics, national ID systems, digital records and a multi-level verification system that makes it truly comprehensive. LaLa ID and the LaLa Wallet marry in a fine amalgam to allow migrants to move about with confidence and carry on with their financial transactions in a safe, secure and seamless manner.
Rewarding Remittances: Changing the Game?
Whoever thought that remitting money could be rewarding? Well, it could be psychologically rewarding for a working migrant when he thinks of all the good things his money could buy for his family back home. But all the poor guy has ever known is the ridiculous charges he has to pay just to send his hard-earned money to his family.
With LaLa Transfer, remittances are rewarded. Every time you transfer money, you get rewarded economically with LaLa Coins. You also get incentives for referrals. As much as 20% of the net transaction fees is used to buyback LaLa Coins and are distributed among the network. So you get paid for simply using your LaLa Wallet.
Serving the Underserved
The migrant labor market is huge and is expanding at a rapid rate. More and more skilled migrants are traveling to distant lands to earn a decent living. These are the people who are readily exploited by elements of the mainstream financial system. Living in a strange new world and culture, they are unsure of where to put their money, who to trust and where to go in times of financial difficulties. Intermediaries, brokers, high exchange and transaction rates, employer compliance and financial laws of the country they work in are enough to overwhelm them.
LaLa wallet endeavors to empower these migrants whose only aim in life is to earn enough for themselves and for their families back home so that they live a life of dignity and fairness. In fact, a happy migrant workforce is an asset to any country’s economy. By partnering with multi-national employers, governments and financial institutions, LaLa World aims to create a safe, secure and affordable financial ecosystem. Such a flexible system can help them make daily financial transactions along with remitting money to their loved ones as and when they please. With this we hope to make lives for these migrants and their families easier.
Hello people! We introduced you all to LALA World’s Bounty Campaign in the previous blog. As promised, here we are to talk more about the campaign.
Of course, the details are available on Bitcointalk forum: https://bitcointalk.org/index.php?topic=2296769.0
And you also know by now that the budget for this bounty campaign totals 7.2 Million LaLa Tokens, 3% of the supply equals 4500 ETH or 1,350,000 USD according to our hard cap of 150,000 ETH.
All these Bounties will be paid directly to all eligible wallets at the end of Main ICO Phase.
The General Rules for the Bounty Program are as follows:
- Payment Address will not be changed. Once the bounty seeker applies for eligibility using an address, that address will be locked. Everyone is responsible for protecting their address and private keys. So please do not click on any links you receive through suspect looking email ids or slack PMs.
- The Bounty seeker must join our telegram group to participate in this Project’s bounty program. Without joining the telegram group, you will not be counted on any Bounty. The telegram link is: https://t.me/LaLaWorld
Let us look at some details today for the Translation Bounty Campaign:
Budget is 20% of total bounty pool (1,440,000 LALA Tokens), reserved for all valid translators and community managers. Translate LaLa Token ANN thread, Whitepaper and Manage local community/thread and get your Reward.
Payments will happen as follows:
- Whitepaper translation: 200 stakes
- ANN Thread Bounty thread translation: 150 stakes
- Moderation: 5 stakes for each post (only OP)
To reserve a language, please post your interest with some of your previous translation work.
- After finishing your translation, fill in this form with your translation and other details: https://goo.gl/forms/ZYvVkWd2dJGi8xGG2
- Spreadsheet link of completed translations: https://docs.google.com/spreadsheets/d/1p_Uc-jO0ce3RSqKQ8hZbOATJ2vIVNAWeL5lgvZP7ecY/edit#gid=1069866250
Here are the Rules and Terms for Translation Bounty:
1: Translations must be original. Using any kind of tools such as Google are not allowed. If found using these tools, the translator will be blacklisted.
2: ANN thread translator will be responsible for the moderation as well (we have additional rewards for moderation). The translator must keep the thread active by translation of official announcements, news, posts.
3: We do not want any Single Post Dead Thread. If you failed to keep the thread active and up to date, your reward can be reduced to 50% of the actual payment, or you would simply be disqualified.
4: Increasing the moderation post count by spam posts, posting false posts or paying other to ask questions in your thread is not allowed.
5: Newbies, i.e. users with no previous experience of translation will not be accepted. Always ask before beginning translation and post your previous translation work.
5: Manager and owners reserve the rights to add rules, or make any kind of reasonable changes.
More on LALA World’s Bounty Program in our next blog! Stay tuned!
Hello people! We hope that you all have gotten a better understanding about LALA World’s Bounty Campaign by now. Let us take some time to delve more on the same.
As you know, the details are available on Bitcointalk forum: https://bitcointalk.org/index.php?topic=2296769.0
And yes, the budget for this bounty campaign totals 7.2 Million LaLa Tokens, 3% of the supply equals 4500 ETH or 1,350,000 USD according to our hard cap of 150,000 ETH.
All these Bounties will be paid directly to all eligible wallets at the end of Main ICO Phase.
The General Rules for the Bounty Program are as follows:
- Payment Address will not be changed. Once the bounty seeker applies for eligibility using an address, that address will be locked. Everyone is responsible for protecting their address and private keys. So please do not click on any links you receive through suspect looking email ids or slack PMs.
- The Bounty seeker must join our telegram group to participate in this Project’s bounty program. Without joining the telegram group, you will not be counted on any Bounty. The telegram link is: https://t.me/LaLaWorld
Let us talk about Blog and Social Media bounty:
We will reward all Bloggers, writers, youtubers, video creators, graphic designers and content creators who will add their support to promote LaLa token by writing reviews, blogs, articles in their website and blogs, and create video presentation reviews on their youtube channels and other sources.
Budget: 25% of total the Bounty Pool will be allocated for Blog and Media Bounty Participants. (1.8 million LaLa tokens)
We’ll divide all Videos and Blog/Articles in 3 Categories and will reward them as follows:
- High Quality: 150 Stakes
- Good Quality: 70 Stakes
- Normal Quality: 40 Stakes
You can use our White Paper and website for getting the content (links provided in T&C section). You can also subscribe to our newsletter to get updates which can be used for content creation.
Link for resources: https://imgur.com/a/Cytrx
How to Participate?
Write your Article, Reviews, or Create Your Video and Submit your entry Using the form below: https://goo.gl/forms/MU19L0lUGFrWpvZu1
Here is the list of all blogs and videos: https://docs.google.com/spreadsheets/d/1p_Uc-jO0ce3RSqKQ8hZbOATJ2vIVNAWeL5lgvZP7ecY/edit#gid=1063049049
Here are the Terms, Rules and Conditions:
1: Low Quality Articles and Videos are not Accepted.
2: Article and Videos Must Be genuine. Copying content, articles or ripping off stuff is not allowed. (You can use official Images, Logos, Graphics, etc, posted on the Lala World website, ANN thread, Facebook page and Twitter handle)
3: Articles must be Longer than 500 words; less than 500 words will not be accepted.
4: Videos must be at least 1:30 minutes long; shorter than that will not be accepted.
5: Article must have these 2 Links, (a) official website: / ; and the (b) Whitepaper: /whitepaper.pdf ; and an additional link of your own Bitcointalk profile at the bottom of your article to prove your authorship.
6: In the description of the Video, you must have one link of your official website, one link of the whitepaper, and one link of your own Bitcointalk profile to prove your authorship.
7: Medium, Steemit, Newbium, and other general/free blogging platforms are allowed but only one post of any person will be accepted in those platforms, and 3 Posts/Articles will be accepted for .com, .net, .org, and other premium websites and blogs.
9: Manager and Owners will have the rights to change any rules, or make any changes if necessary.
NEED FOR FINANCING
It’s a proven fact that a business can’t survive without financing. Sooner or later, every business goes for a round of investment in one form or another. Some entrepreneurs bootstrap their businesses from their own pockets, but later on go for a venture funding or an IPO, depending on the stage their business is in. Others would prefer to start their business with a seed funding and then raise multiple rounds of funding.
Getting financed by an investor or an institute is a difficult task and takes weeks, even months. It involves a lot of boardroom meetings and heated discussions. And we are talking about established entrepreneurs and strong projects. In contrast, in the case of self-own small-scale businesses, raising a loan from a formal institute like bank is almost impossible.
LALA WORLD intends to fill this finance gap by extending loans to small-scale entrepreneurs and self-employed. It will help them to get financed by pledging LALA Tokens. Have a look at what huffingtonpost has to say about LALA word here.
CASE OF THE SMALL BUSINESS OWNERS
Small-scale businesses usually don’t have high-quality collaterals against which they can avail loans from the banks. Their businesses are pretty straightforward, having little or no innovation, hence they are not able to impress angel investors and other formal funding institutes. These businesses are often run by entrepreneurs living in tier-II, tier-III cities and sub-rural areas who don’t have flashy degrees to showcase, but some basic education.
But that this doesn’t mean that they are technologically illiterate!
Most of these entrepreneurs have Smartphones and use mobile apps in their daily lives.
“Today, if you look at financial systems around the globe, more than half the population of the world – out of six billion people, more than three billion – do not qualify to take out a loan from a bank. This is a shame”
- – Muhammad Yunus
MICRO-LENDING TO THE RESCUE?
To help these small entrepreneurs and to promote SMEs, many emerging economies offer various loan schemes via State-owned banks. However, these are not successful due to the huge demand for loans and many of those becoming non-performing loans.
Nonetheless, many small finance banks have popped-up in the emerging economies. However, their interest rates vary from 15% to a whopping 40%. Entrepreneur taking loans from these banks often find themselves in a debt trap.
United Nations Capital Development Funds (UNCDF) is actively working to finance the less fortunate in the world’s 47 least developed countries. UNCDF provides capital and technical support through inclusive finance programmes to ensure that more households and small businesses gain access to financial services.
BlOCKCHAIN & MICROLENDING
Let’s analyze why Blockchain is relevant to plug holes in the present micro-lending process.
The Digital Identity
Micro-lending involves financing the small business owners. They live in tier-III and rural cities. It is difficult to expect that they would have complete KYC documents. There are many immoral people who can even produce fake or forge documents for availing loans.
Blockchain can store Identities immutably, so that they can’t be forged or misused by an impersonator. Thus, the lenders can extend credit to a borrower without worrying about ending up in a ‘bad loan’ situation.
High Transaction Cost
The cost involved in the traditional processes of lending to the small businesses is so much that it doesn’t make economic sense for the lenders to extend their services to these small entrepreneurs.
Blockchain removes a lot of intermediaries and eliminates much of the paperwork, thereby reducing the cost of lending.
Reliable Credit History
The way the present credit scoring companies collect transactional data gives the half picture about the actual economic well-being of an individual or a firm. The data is collected without their knowledge and often has errors. These ratings don’t take into consideration the micro-transactions made in cash or those made in cryptocurrencies. Furthermore, these credit histories are not alter-proof.
Blockchain is a perfect platform to record each and every transaction immutably and build a history of credit data.
Lengthy Processes
The physical verification processes are lengthy and can takes days even weeks. Even if the verification is successful, the time required for the funds to get actually credited in the account of the borrower is considerable, which leaves the borrower financially vulnerable for many days.
Blockchain-based Smart Contracts can streamline and automate many operational processes to expedite verification and overall lending process.
Read more: Digital Economy Impact Blockchain
LALA WORLD V/s THE TRADITIONAL MICROLENDING
LALA WORLD has embarked on a mission to help migrants who don’t have access to finance since they don’t have a history of credit information or collaterals to pledge, which are required by traditional lending institutes. It has an idealistic vision of building a global financial system, in which migrants would still be eligible for loans in the target country on the basis of the transactions they made in their home country. They would be able to build their credit score by getting verified by more number of people in the LALA World’s ecosystem. What’s more, they would be able to pledge liquid assets for availing loans.
This is how LALA’s WORLD’s global financial ecosystem is going to take over traditional micro-lending processes:
Blockchain is an invaluable tool that has been chosen by LALA World to achieve its goals. However, the true strength of LALA World’s lending platform is in the sheer number of partners it brings to the table. It recently tied-up with world’s largest migrant database management platform – MiGram. It has been constantly striving to join more and more people in its endeavor – “Making Human Lives Better.”
Just about a year ago terms like “blockchain,” “Bitcoin” and “cryptocurrency” would have at best garnered a raised eyebrow signifying wariness or plain ignorance. Today, however, the situation has changed, if not drastically. We often get dragged, happily, into discussions on things like the “Next Big ICO,” mining (not metal ore, of course!) and smart contracts. And yet only a few million people around the world truly know about what blockchain technology is and how it is poised to revolutionize the financial markets around the globe. This is a mere handful as compared to the 7.5 billion people who currently live on this planet.
Cryptocurrencies (Bitcoin, anyone?) are based on blockchain technology. While we won’t go into details of what this technology is, we must emphasize that cryptocurrencies are its finest offspring. If there was anything truly democratic in this world, cryptocurrencies are those. Consider this – nobody manufactures them, nobody controls them and yet they hold the power to perform financial transactions in an open and safe environment.
Take your time to mull over this exciting piece of information and digest it to create a vision of a world with true financial freedom. In the meantime, allow us to hold your hand to show you a possibility that is both exhilarating and life-altering.
But first, the dark clouds!
According to the Global Findex Database, more than 2 billion adults remain without a bank account. The majority of this population resides in the developing and grossly underdeveloped regions of the world. That is understandable. But it is not just individuals. Many small businesses and micro-enterprises do not have access to safe and secure banking. These people and businesses often reach out to spurious middlemen and unscrupulous lenders who exploit them for their own advantage. The result – financial losses to the business and loss of confidence in the possibilities of growth and progress.
Banks and other financial institutions find such complex markets risky and hesitate to participate, whereas these are the very regions that have the highest potential for growth if given financial inclusion and participation in the mainstream banking system.
The silver lining!
Blockchain technology, as we mentioned earlier, has the ability to truly bring about unprecedented levels of financial inclusion in a never-before-seen democratic fashion. It can create a safe, secure and highly flexible ecosystem. It can effectively bring many stakeholders under a common umbrella to provide financial inclusion and monetary stability to the millions of underbanked and underserved.
Using cryptocurrencies to power the current financial engine, a system can be developed to integrate cryptocurrencies into the lives of the people around the world. The result is an operation that is cheaper, safer and decentralized.
The Hoopla about LaLa!
LaLa World aims at creating a unique financial services ecosystem that will integrate the power of blockchain technology and cryptocurrencies into the existing financial framework. This marriage of old world and new world systems is the key to providing the advantages of cryptocurrencies using the massive reach and network of the current financial framework.
LaLa World has created an Ethereum-based wallet that offers facilities like peer-to-peer transfer of local and global remittance, local and international bill pay and a globally acceptable LaLa Card. The most exciting feature of this system is its facility to promote peer-to-peer lending and borrowing via EMIs. This will greatly impact small and micro businesses which do not have the wherewithal to apply for loans from banks and non-banking financial institutions. This can be a major boost for entrepreneurial projects by passionate and talented individuals wanting to bring about a positive change within their communities.
Lala World is set to change the game as far as usability and flexibility is concerned. Imagine using your crypto-coins via your smartphone, virtual card or a physical card. The LaLa Wallet has an inbuilt exchange mechanism that can be used to convert one “coin” into another.
Parting Thoughts
Surprising as it may seem, 64 million adults (that’s 12 % of adults in the world) in sub-Saharan Africa have mobile money accounts. That is compared to just 2% of the adult global population in the world who has such an account. While we may harp on the speed at which the developed world has caught on to the “digital wave,” these numbers tell a different story. This means that people in all parts of the world – developed, underdeveloped or developing – are ready to join the digital banking bandwagon. They only need to be given the opportunity.
The World Bank and other such umbrella organizations have always aimed to provide financial inclusion as a means to end poverty in this world. A democratic, safe, secure and flexible financial infrastructure like LaLa World will play an integral role in the achievement of these lofty goals.
As you all know very well by now, LALA World (“LALA”) is all about providing much needed and much delayed financial services to migrants and their unbanked families. It is a financial Ecosystem, enabled by the LALA Wallet that works as a single sign-on platform. LALA serves to resolve employment issues, provide digital IDs, contribute to communities build-ups, provide for government and NGO partnerships, support in resolving health issues, and of course, providing a new financial ecosystem for the huge underbanked population in the world by capitalizing on the Blockchain revolution to bridge the gap between real cash and digital cash worlds.
By creating a whole new peer-to-peer ecosystem, LALA aims to revolutionize the way individuals, small businesses and micro-entrepreneurs transact, make payments, borrow money, etc. It also aims to revolutionize associated products like insurances, domestic and cross-border remittances, cash cards, and other general banking products.
We are announcing a Bounty Program for LaLa World, and the details are available on Bitcointalk forum: https://bitcointalk.org/index.php?topic=2296769.0
We have a budget total of 7.2 Million LaLa Tokens, 3% of the supply equals 4500 ETH or 1,350,000 USD according to our hard cap of 150,000 ETH.
All these Bounties will be paid directly to all eligible wallets at the end of Main ICO Phase.
The General Rules for the Bounty Program are as follows:
- Payment Address will not be changed. Once the bounty seeker applies for eligibility using an address, that address will be locked. Everyone is responsible for protecting their address and private keys. So please do not click on any links you receive through suspect looking email ids or slack PMs.
- The Bounty seeker must join our telegram group to participate in this Project’s bounty program. Without joining the telegram group, you will not be counted on any Bounty. The telegram link is: https://t.me/LaLaWorld
Let us look at some details today for the Social Media Bounty Campaign:
20% of the total Bounty Pool (1,440,000 LALA Tokens) is allocated for Social Media Campaign bounties, which will be divided equally between Facebook, Twitter and Instagram bounties!
Bounty payments will happen as follows: 5 Stakes per Week for every valid Twitter, Facebook and Instagram User.
Now, here is what you need to do to join the bounty hunt:
For Twitter:
- Follow the Official Twitter Handle: https://twitter.com/MyLaLaWorld
- Fill this form: https://goo.gl/forms/kq9IHfY9qSYhh5Zc2
- Spreadsheet: https://docs.google.com/spreadsheets/d/1p_Uc-jO0ce3RSqKQ8hZbOATJ2vIVNAWeL5lgvZP7ecY/edit#gid=905527113
For Facebook:
- Like Official Facebook page: https://www.facebook.com/MyLaLaWorld
- Fill this Form: https://goo.gl/forms/qwbZUyubBlaPYGe73
- Spreadsheet: https://docs.google.com/spreadsheets/d/1p_Uc-jO0ce3RSqKQ8hZbOATJ2vIVNAWeL5lgvZP7ecY/edit#gid=236722768
For Instagram:
- Follow Official Instagram profile: https://www.instagram.com/lalawallet/
- Fill this Form: https://goo.gl/forms/XBHtAilXTyqnat493
- Spreadsheet: https://docs.google.com/spreadsheets/d/1p_Uc-jO0ce3RSqKQ8hZbOATJ2vIVNAWeL5lgvZP7ecY/edit#gid=1999412462
And here are the Terms and Rules specific to the Social Media Campaign:
1: Twitter Accounts must have a Minimum of 200 Followers; Facebook
accounts must have a minimum of 200 friends; Instagram accounts should
have minimum 100 followers.
2: Twitter/Facebook/Instagram accounts must be original. Fake, dead,
inactive, or bot accounts will not be accepted.
3: You must be an active Twitter/Facebook user, retweet/like/share
tweets/post at least 5 times a week. For Instagram, you should be
active and like at least 5 posts a week as well.
4: Joining with multiple accounts is not allowed. Users found to be
using multi accounts, will be blacklisted.
5: A user can participate in all three campaigns at the same time.
6: Owners and Managers have the right to change the rules, or apply
more and do any other reasonable changes in this bounty (Including
payment structure and amount)
We will be talking about the other platforms for Bounty Campaign in our upcoming blogs! Stay tuned!
Traditional banking started some four centuries ago when a bunch of extremely clever Assyrian and Sumerian traders began making grain loans to farmers and traders carrying goods between cities. Lenders in ancient Greece and Rome sat outside temples and made can and also deposited money. The birth of the banking system as we see today can be traced back to Renaissance Italy, in the affluent cities of Florence, Genoa, and Venice. Little did these “first bankers” realize that their actions would spawn, arguably, the most essential and robust system that would drive the economic engine of the world.
The Rise of the Goliath
Historically, bankers, through the absolute power of money, have always endeavored to make profits for themselves and their stakeholders. They have cared less about the people on whose genuinely they have built their financial empires. Their priorities have always been with the rich and affluent customers who have the ability to bear their exorbitant transaction charges and sundry fees. With the nationalization of banking institutions and the wide variety of choices available to the paying customer, banks have reluctantly aimed at providing financial services to the poor and marginalized people of the world.
Is Goliath undermining financial inclusion?
Financial gurus and umbrella organizations have realized, almost as an afterthought, that unless true financial inclusion occurs, the global economy cannot aim to run with its real potential. But the traditional banking system is so entrenched in its processes and limits and transaction charges that it creates hurdles for people to have unfettered access to their own money. The time was ripe for a financial revolution.
Here comes David!
The introduction of Bitcoin was marked by a frenzy rarely seen in the financial system of the world. While we have been witness to the “Apple moment” and the “Google moment,” we haven’t seen anything even close in the dour, dry markets of money. But the audacity of Satoshi Nakamoto to introduce a currency that is independent of any government or isn’t controlled by any bank was nothing short of a David and Goliath moment.
But the greatness of the founder(s) of Bitcoin can be truly gauged by understanding the source code of Bitcoin – blockchain technology. While Bitcoin is nothing without Blockchain, the technology itself has unlimited uses. And today, “blockchainepreneurs” are disrupting traditional sectors, industries, and markets by tapping the limitless potential of this exciting technology. And a subset of these, “the cryptopreneurs,” are using this technology to create a financial ecosystem that is democratic and genuinely inclusive. Such a system has the power to reach even the most marginalized of people in the world in an attempt to bring them into the mainstream and make a positive impact in their lives.
LaLa World, a blockchain-powered financial ecosystem
LaLa World, the brainchild of experts in the financial system, was a result of dissatisfaction about the inherent shortcomings and apprehensions of the traditional financial system to bring the underbanked and underserved population of the world into the financial mainstream. LaLa World decided to venture where “no banker has gone before.” LaLa World aims to touch the lives of the vast population of the world whose lives haven’t been affected by the global financial system.
At the heart of LaLa World is the LaLa Wallet, a peer-to-peer ecosystem that aims to revolutionize the way in which people and micro and small businesses make transactions, payments and borrow money. It will also change how people buy insurance, remit money, perform daily transactions through cards (both virtual and physical) and purchase banking products.
Serving the underserved; banking the underbanked
There are still more than 2 billion unbanked people in the world. That is more than 25% of the global population. More than 50% of adults in the poorest households are unbanked. How could one expect the global economy to fire on all cylinders when one in every four people in the world isn’t part of its financial system? Also, the traditional system’s over-dependence on physical processes and a cumbersome identification process makes it difficult for many people to have even a bank account, leave alone more complex financial transactions.
The emergence and popularity of connected smartphones have offered a flexible, seamless and secure device to the financial systems to exploit and bring more people under the global umbrella. LaLa World appreciates the importance of such a connected technological device to join the millions of underbanked people to a unique financial ecosystem that is powered by blockchain technology.
Anybody can own the LaLa Wallet on their smartphone and be connected with a world of opportunities and possibilities. The Wallet is secured by a global ID that includes state-of-the-art biometrics and physical identifications all digitized into a unique ID – LaLa ID. The Wallet allows peer-to-peer microlending, affordable domestic and international remittances and daily financial transactions, all of which can be done using crypto or fiat assets. A digital card (debit and credit) can be used for any and all transactions that can be done with a traditional card but with the added advantage of very low or zero charges and with the opportunity to earn more crypto assets with every transaction performed. Yes, using LaLa Wallet is rewarding as much as it is comfortable.
Towards absolute financial inclusion
The World Bank believes that financial inclusion is a key enabler to reduce poverty and bring about prosperity. It has also charted out the Universal Financial Access Plan where it aims to bring about 100% financial inclusion by the year 2020. LaLa World has a unique business proposition, one that is driven not by profits but by the passion for reaching every underbanked and underserved person in the world. It aims to be a pure vehicle of financial inclusion. LaLa World is all geared up to bring this dream into reality.
Welcome To LALA WORLD
Lala World
Our Vision is to reach a global audience of 100 Million by 2020 and presence in at least 50 countries.
Copyright © 2019. LALA WORLD PTE LTD All Rights Reserved.
Copyright © 2019. LALA WORLD PTE LTD All Rights Reserved.