LALA World - Unbanked Families

Blockchain comes as a blessing in disguise to truly create a decentralised, peer to peer network, distributed among the value holders. From humble beginnings in 2008, Blockchain and cryptocurrencies are becoming mainstream today. Further, developments in the blockchain space continues to take place at a faster pace than ever before. Several corporate, governments and developers are working on different aspects to improve this technology but there are three major aspects of Blockchain being implemented over the next few months which we believe will work wonders for LALA World and the unbanked. These are :

1. True and immune decentralization: Most people on the planet do not have the capability to own large computers, servers or any of the existing sophisticated machinery to operate a node in the system, but they do have smartphones.With decentralised projects and beginnings of Atomic Swaps, this could truly create a decentralised world in the coming years and decades.

2. Scalability and efﬁciency on-Chain: These two go hand in hand. Scalability needs to have a throughput of millions of transactions per second, on-chain. And the efﬁciency must be increased by a factor of 80 to 90 in order to be considered disruptive while run secure by design. Many solutions are being proposed which will further help our cause.

3. Privacy, open and unrestricted access: People work for their money and must have full, uncensored and unrestricted access to their own money. Banks, capital markets and the centralised controls continue to suppress the unbanked. LALA is creating that ecosystem to truly revolutionise the way peer to peer markets works for this population.

With over 2 billion people suffering for so long, ﬁnancial inclusion is the top agenda everywhere today: ﬁnancial institutions, governments, central banks, NGOs, large corporations, and technology companies. So far, various solutions have been tried and tested, with or without the involvement of banks, attaining some levels of success. According to the World Bank, 700 million of the previously unbanked became account holders from 2011 to 2014. However, 2 billion adults globally still remain without an account with a bank or even with an authorized non-bank service provider.

BLOCKCHAIN + FINANCIAL INCLUSION = LALA WORLD ECOSYSTEM

Lala World
Global Wallet, Local Partnerships
LALA World (“LALA”) is all about migrants and their unbanked families. Its an ECOSYSTEM enabled by the LALA Wallet as a PLATFORM, a single sign on platform revolving around their issues and problems. Employment issues, digital ID’s, communities build up, government and NGO partnerships, health issues, and of course, a new financial ecosystem for the huge underbanked population by capitalizing the Blockchain revolution to bridge the gap between cash, digital and the crypto world.

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 and associated products like insurances, domestic and Cross-Border remittances, cards 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

Product

LALA Transfer
A Peer-to-Peer local and global remittance backed by crypto as well as fiat

LALA Bill Pay
Local and International bill payments for you and your family.

LALA Lends
Domestic and International peer to peer lending via crypto and fiat, individual and small businesses

LALA Card
Crypto and Fiat card synced to your Wallet and usable at millions of PoS globally

LALA Kit
Contains a mobile phone with pre-loaded LALA Wallet, LALA Insurance, LALA Card, Partners' products etc.

Wallet
LALA Wallet is your single point access to all ﬁnancial services in the LALA World ecosystem. You have multiple top up and cash out options, hold ﬁat or multiple cryptocurrencies, with a host of ﬁnancial services like money transfer, lending, bill payments, cards and other normal banking products at your ﬁngertips. LALA Wallet also allows you to share your micro projects globally, allows you to raise issues which are suppressing the unbanked and build your own communities, thereby creating a true Ecosystem beneﬁting everyone.

When you download for the ﬁrst time, one of the most secure multi-currency wallets is automatically created, which the user can then fund with ﬁat or cryptocurrencies. We are also working with various banks and payment processors across geographies to enhance the acceptance globally.

Central to this Wallet platform will be our LALA Tokens that will allow seamless transfers and payments for various transactions and services. LALA Wallet also includes an API for third-party developers so they can interact with the Wallet, access balances, send transactions, invoices, and build other third-party applications on top. This will further enhance the LALA Wallet acceptability and usage. Third Party API business model will create more partners who can distribute LALA Services globally to strengthen this network.

The user can conveniently convert a wide range of Blockchain assets such as LALA, BTC, ETH and DASH by simply using his LALA Wallet which has an inbuilt exchange mechanism. If the user is not crypto savvy, they can also choose to store the currency in local Fiat and not use crypto at all, giving ultimate freedom to the user and truly bridging the old world to the new.

Card
Within the LALA Wallet, user can choose to order a LALA Card, a virtual and/or physical debit (and in time to come credit card). As a security measure, we allow a user to lock and unlock his card through the LALA Wallet App. Furthermore, the user can also set limits for his family members and sync all the cards to the same Wallet. This makes our system more secure than traditional credit and debit card systems.

Blockchain and LALA Tokens become very central to this as users can sync multiple cards to the same LALA Wallet, which can then be used as both Fiat and Crypto medium of exchange without incurring any high fees for such transfer at any time. Further, we will also be coming up with a loyalty mechanism tied to the LALA Card, so that more you use the wallet, the more you are rewarded as a LALA Token holder.

Not only are the fees, much cheaper than traditional Wallets, but also payback rewards are massive, leading to almost nil fee when used globally. Customers will be allowed to top-up their LALA Card with ETH/BTC/LALA Tokens, bank transfer, credit card, debit card or via a pre-approved credit limit. Other third party partners like Apple Pay, Samsung Pay and Android Pay will be integrated in time to come.

Roadmap

We have a clear path to our vision and we have prepared a development roadmap for our technology. Our team prefers a staged approach which means that each stage will have its deliverables:

Stage 1. We are launching a basic version of LALA Wallet in Malaysia and India by ﬁrst week of November. An initial POC with two products will be released by November as well, just in time for this Pre-ICO. The System will be working on Ethereum Testnet blockchain with real user data. This will help us prepare smart contracts and get feedback from the community, real users and make sure that this solution is viable.

Stage 2. LALA Alpha platform will be deployed on Ethereum Mainnet blockchain. Client onboarding via LALA ID, feedback gathering and improvement. Preparation for beta. This should happen by January 2018 in India, Malaysia, Bangladesh, Vietnam, Turkey & UAE.

Stage 3. A full working product will be ready by February 2018 with a fully functioning backend server with telematics integrations for real customer data gathering and prediction. This will include a Fiat Wallet, Cross border remittance and P2P lending to begin with.

Stage 4. LALA Beta. Fully functioning platform with key features in place to be released by March 2018 and open to selected group of geographies and customers. We are looking at over 10 Countries right now as depicted on the partnership page.

Stage 5. LALA 1.0. Opening system for public usage and enabling massive adoption across geographies will happen by April 2018

Stage 6. Further development to increase amount of transactions usability and throughput of the platform.

ICO
LALA Token is an ERC20 loyalty token, also referred to as utility token, with the functionalities as described in this Whitepaper. The funds raised in the initial coin offering ("ICO") will be used to further scale the platform, expand in more countries, assistance for local communities to build, investments in a small LALA Fund for the migrants, unbanked and hire more people on technology and business development. This is further detailed in next section.

We would like to highlight that LALA Token does not constitute a security in any form in any jurisdictions, and this Whitepaper is not a solicitation of investment and does not relate to any form of an offering of securities in any jurisdiction.

1. HIGHLIGHTS OF LALA ICO

• 1 ETH will buy 1000 LALA Tokens.

• There is a minimum purchase amount of 100 LALA Tokens or 0.1ETH per purchase.

• Pre-ICO sales period will be from 25 November 2017 at 9 PM (Singapore time) to 15 December 2017 at 9 PM (Singapore time). LALA reserves the right to revise and amend the Pre-ICO sales period at its sole and absolute discretion.

• Feedback & review period will be from 16th to 31st December 2017. This will include feedback, implementation, launches in a few countries, numerous partnerships, testing and other signiﬁcant news in various countries

• ICO sales period will be from 5 of January 2018 at 9 PM (Singapore time) to 5 February 2018 at 9 PM (Singapore time).

• US Dollars, Ether, BTC, and other cryptocurrencies as determined by LALA can be used to purchase LALA Tokens. Further details can be found at www.lalaworld.io

2. LALA TOKENS CREATION, RESERVES AND BREAKDOWN

LALA intends to raise 150,000 ETH from the pre-ICO and the ICO for further expansion, development and other growth activities. That is a total of 150 million LALA Tokens to be distributed to purchasers during the pre-ICO and the ICO.

LALA will create a further 100 million LALA Tokens for a total of 250 million LALA Tokens (“Total Tokens Created”), subject to other features of LALA World.

Distribution of the Total Tokens Created will be as follows:

• 60% of the Total Tokens Created will be sold during the pre-ICO and the ICO period. • 15% of Total Tokens Created will be allocated to LALA founders, early investors, technology teams, existing and future employees of LALA, and held in a pro-rata lock-in contract for at least 6 months • 10% of Total Tokens Created during the ICO will be granted to advisors, consultants, community developers and will be locked in a pro-rata smart contract for 6 months, unless speciﬁcally agreed beforehand.

• 15% of the Total Tokens Created will be credited to the reserve. This reserve may be used for future token sale or other purposes as LALA in its sole and absolute discretion may determine.

The reserved LALA Tokens may be used for the activities below, if LALA deems necessary:

A. Establishing research labs in cooperation with high proﬁle universities across geographies for betterment of local communities.

B. Creating tutorials and educational materials for LALA network and developers using different Blockchains such as Ethereum and Bitcoin.

C. Organizing events and conferences to raise the awareness of the LALA network technology and facilitate market adoption.

Distribution of LALA Tokens will start within 30 days after the end of the ICO and trading should ideally commence on Q1 of 2018 when holders of LALA Tokens can start trading and transferring their LALA Tokens.

3. PARTICIPATION AND BONUSES

Purchasers of the ﬁrst 125,000,000 LALA Tokens will receive a loyalty bonus on their initial investment. LALA Tokens issued for the loyalty bonus will be in addition to the Total Tokens Created.

The purpose of the loyalty bonus is to create a discussion on issues raised by the LALA project, to attract the attention of leading experts in the industry, and to raise funds to prepare the promotion and public relations of the LALA project, as well as to prepare for a quality ICO.

During the eligible period, LALA shall be offering following bonus LALA Tokens to early purchasers :

For clarity, the above bonus LALA Tokens will be in addition to the Total Tokens Created, and will be allocated to purchasers in addition to the LALA Tokens purchased. For example, if a purchaser purchases 50,000 LALA Tokens among the ﬁrst 25,000,000 LALA Tokens sold, the purchaser will receive 50,000 LALA Tokens as purchased and an additional 12,500 LALA Tokens as a bonus (which represents 25% of 50,000 Token purchased), amounting to 62,500 LALA Tokens.

All funding during the ICO and pre-ICO will be kept in a multi-signature address, with a multi key structure. Keys of this multi-signature account will be kept with LALA, Sankalp Shangari and its investors or advisors that will be chosen closer to the ICO date

Roadmap