Authoreon is decentralizing authorization, authentication, verification and certification and thus securing previously unsecure instances and functions. The Authoreon solutions prevent fraud, cyber attacks, material and immaterial identity theft, and they provide an all-over traceability to supply and ownership chains.
With cyber-attacks, password breaches, identity theft and document fraud on the rise, it becomes very obvious that the current online safety measures are not sufficient.
In addition we face increased national security concerns — often in conflict with privacy and data protection regulations, as well as major challenges in IOT security, copyright and intellectual property protection, and reputation management.
Furthermore, increased quality awareness calls for a traceable product identity and history in the supply chain and ownership chain.
PROBLEM:
“Document fraud is an important enabler of organized crime and terrorism, clearly. There is a whole subset of criminal activity and a criminal sector that is involved in stealing passports and producing sophisticated passports and supplying them to the criminal market.”
— Europol Director Rob Wainwright
SOLUTION:
Authoreon is also addressing this use case by enabling the issuing authorities to store document data securely in the blockchain, as well as by providing the corresponding verification tools e.g. to police and border patrol.
PROBLEM:
All the devices that are connected to the internet create access points with which hackers can infiltrate a company’s network.
SOLUTION:
Securing access by authorization in the Internet-of-Things, is another area Authoreon will address.
PROBLEM:
The 2017 Identity Fraud Study from Javelin Strategy & Research finds that Identity thieves, who commit financial fraud with stolen account information, hit 15.4 million Americans in 2016 (16% up from 2015) and stole $16 billion dollars, which is a nearly billion dollar year-to-year increase.
SOLUTION:
Authoreon will provide an immutable digital identity for consumers, as well as the corresponding verification tools for verifying parties. Secured by our Access Lock layer, the Smart-Contracts-as-a-Service will efficiently protect your identity
PROBLEM:
Companies know where things start and where they end up. But how they get there, and what happens between each checkpoint, is relatively unknown. E.g. Food is an extremely sensitive product. It needs to be carefully handled, it needs to be kept within certain temperatures to ensure quality, and it needs to be tested so that spoiled orders don’t end up at a grocery store deli counter — or served in your Chipotle bowl. The challenge with adhering to all these regulations comes down to the fact that many of the processes that make up a food product’s supply chain are severely outdated. They are done manually, with orders being tracked by warehouse workers.
SOLUTION:
Authoreon will provide an effective and automated supply chain management solution. Secured by our Access Lock layer, the Smart-Contracts-as-a-Service will efficiently track, monitor and control shipments of products such as food and other quality products.
Authoreon is based on Ethereum, a public, open-source, censorship- resistant and innovative blockchain protocol and distributed computing platform, that provides a decentralized Turing-complete virtual machine (the Ethereum Virtual Machine (EVM)) enabling the execution of smart contracts.
The Ethereum Blockchain achieves consensus using a Proof-of-Work algorithm, which uses a hash function to create conditions under which each single participant is allowed to announce conclusions about the submitted information. The results can then be verified by all other participants in the system. A false result is excluded by the parameters of the hash function, as it will fail to compute. Participation in the system will be incentivized by the common mining functionality.
Smart contracts usually also have a user interface and often emulate the logic of contractual clauses. Proponents of smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both. Smart contracts aim to provide security superior to traditional contract law and to reduce other transaction costs associated with contracting.
The Synapse layer is responsible for storing data safely and effectively and verifying identities against the stored access authorization. As the intermediary between the blockchain (Proof-of-work) and the access lock layer (Proof-of-Stake), the synapse protocol also generates temporary access for authorized instances. It also keeps the blockchain light and fast by substituting the stored data — resulting in an increased performance, faster block processing times, as well as the ability to process more transactions in a single block.
The access lock layer acts as the gate keeper, processing incoming requests to the synapse layer and granting temporary access if the requesting instance is authorized. For this purpose we developed the key-algorithm, providing one static key with a dynamic (temporary) key only if the other key is still valid by authorization and vice versa. Access is only granted to two dynamic keys. This mechanism replaces the traditional two-factor authentication enabling a wide range of potential applications.
Monetization
Since we propose solutions to different use cases, different customer groups — each with a different pain and different transaction volumes — we have an individual module-based pricing. This applies to a monthly subscription fee per module, as well as to an individual transaction fee.
Authoreon aims to be at the forefront of authorization platforms in the blockchain. For this purpose Authoreon is proposing this Initial Coin Offering (Crowdsale). Participants send funds to an Ethereum Smart Contract. The Smart Contract mints tokens instantly and sends to user’s online account. These are available for withdrawal upon the close of the crowdsale. Once completed (total duration or maximum tokens issued) the Ethereum funds are then transferred to a Coinbase multi-sig escrow wallet.
The Authoreon ICO is targeting fund raising from a minimum of $500.000 to a maximum of $34,000,000 USD due to development, current cash flow and scalable marketing needs. Autheon token (AUTH) will be available for ETH 0.00133333. Contributions are accepted in ETH only at this point. Bonuses of 25% to 5% in Autheon tokens are offered to early contributors.
Authoreon.io Pte. Ltd. (in the course of incorporation) is the operating entity that will be contracted by the foundation to build and deploy the core decentralized application, as well as be a candidate for future implementations. Please note that the foundation ultimately has the final decision as to where funds will be allocated and what companies will be contracted. Some functionality, security audits, etc. may require third-party vendors and service providers to work independently or jointly with Authoreon.io Pte. Ltd. (in the course of incorporation).
Our five year goal is to be at the forefront of securing authorization,authentication, verification and certification in the blockchain, with users and customers all over the world, securing thousands of assets and transactions per day — for private users, corporations, governments and organizations.
We envision numerous SCaaS modules to serve a wide range of use cases, and a high adoption rate due to the platforms’ usability as well as the fact that Authoreon will be owned by the crowd!
Blokchain maybe some people do not know what blockchain this time I will discuss a platform related to blockchain All transactions that occur, must be announced to be verified by all computer holder of that big book before declared legitimate. Verified transactions are placed in encrypted blocks, which are 'chained' permanently with blocks of transactions before and after. That's why this platform is called Blockchain Service Infrastructure Titanium The Main Strength of Blockchain Unleashed Titanium Blockchain Infrastructure Services (TBIS) finally answers the question What if all IT companies can be decentralized, including data centers, firewalls, load-balancers, routers, switches, network equipment and servers? "TBIS intends to disrupt the current market leader in the provision and virtualization space of Service To Be Owned: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Company as Service ™ (CaaS), Bring Your Own Cloud ™ (BYOC) DEXchange ™, Monitoring as Service (MaaS), Blockchain as Service (BaaS), Mining as a Service ™ (MIaaS), Instant ICO Incubator ™ (III), etc. TBIS is developed on the blockchain platform, so all changes in the environment and assets will be recorded on an unchangeable ledger, to correlate with IT change management standards and the ITIL methodology. The Follow-the-Sun, autonomous healing, and management of enterprise follow-the-Sun management and monitoring services will enable TBIS to virtually guarantee nearly 100% of the device, Because TBIS will operate on blockchain, days of denial of distributed Attack Service (DDoS) and other black hat hacker attacks will be more effective
Business development
We will market our platform to ensure healthy growth. This is not only important to ensure that TBIS remains the best platform for applying smart contracts, but also to market participants, since their ability to generate BARs will depend entirely on the size of the user base. We intend to acquire new users via targeted marketing, first focusing on targeting initial users and businesses already building blockchain technology. We will soon expand our efforts towards additional channels to bring new users to the TBIS platform and Etiquette in general. We intend to appeal to both personal and business uses. It is said that we see business growth holistically. We believe shows first value, while attracting attention through collaboration. As noted in our roadmap we intend to arrange at least one hackathon to jump start market contract For this event, we intend to create a voter token and to have participants select the winner. This winner will receive free audits and initial availability of their market-developed smart contract. We will also form partnerships with other blockchain innovators to create mutual value for our users. We will focus our business development efforts on those technologies with identifiable synergies and compatibility with TBIS.
Details about the token
The Token BAR will be offered at a rate of 300 BAR for 1 ETH, for a sales duration of approximately sixty (60) days. During the first 72 hours, all purchased BARs will be sold at a reduced rate. Sales are scheduled to start on January 1, 2018, at 1 pm (GMT-7). A hidden, undisclosed hard cover will be signed cryptographically using the hash algorithm's hash fragility and was released as part of a smart contract. If this cap is achieved, it will be revealed and the sale will end soon. Otherwise, the sale will expire after the end of the sale. The cap can be verified by comparing the revealed values with hashes included in the initial contract. A security cap of 350,000 ETH will Be hardcoded into the contract, as a safety net against unforeseen complications. This security cap is not a hard cover for TBIS, and is not meant to be reached. The TBIS team has set a minimum goal (denominated in US Dollars) is a necessary foundation for the core platform of TBIS to be completed and released. If the minimum objective is not reached at the end of the selling period, all Ether contributions will be marked for a refund. Anyone who donates will be able to withdraw their Ether from the sales contract. The soft cap figure will be $ 1,000,000. Hard Hat The figure will be $ 35,000,000. Titanium BAR Pre-Sale and Early Bird Bonus Period Prior to the sale of the BAR tokens January 1, 2018, a pre-sale period of approximately one month will occur During that time, investors willing to invest a minimum of $ 5,000 in the project will receive a 20% bonus. This will equalize around 1.2 BAR for $ 1 USD. Three (3) bonus periods will be offered at the beginning of the sale to provide ancient birds small incentive contributors. During the first 24 hours of the funding period, the exchange rate will be 1.15 BAR for $ 1 USD, 15% bonus. For 48 hours after that, the exchange rate will be 1.1 BAR for $ 1 USD, 10% bonus. For 48 hours after that, the exchange rate will be 1.05 BAR for $ 1 USD, 5% bonus. After the initial bird period, the BAR's price will remain at 1 BAR for $ 1 USD for the remainder of the sale. Note The exact start date, the duration of the discount period, and the duration of the sale will be determined by the block number, and thus estimated with accuracy a few minutes Half of the tokens (10% of the total token pool sold) maintained by the TBIS team will be frozen for one year (12 months) from the end of the sale, and the remaining 10% frozen for the additional year (24 months total). This freezing period ensures that no developer Token will enter the circulation before the live TBIS platform. Any tokens purchased as part of the sale will be immediately allocated to the buyer, but will be locked from the transfer until the minimum goal is reached. In short The amount of time after the sale begins, this token will be used on the main network of TBIS demo applications, once the minimum limit is reached Referral Bonus During the pre-sales and general ICO crowdfunding period, the referral bonus of 5% will be paid to the existing Titanium BAR Token owner, they refer others to the Titanium BAR Token on sale which proceeds to purchase the minimum amount of Titanium Token BAR, equivalent to 0.01 ETH or more
"Our mission is to leverage the unchanging strength of the blockchain to be provided with virtual infrastructure services for businesses and individuals, creating a previously unlikely Titanium guarantee of clothing reliability. "Our team strongly believes in the power to disrupt the blockchain. Already, global business and finance are being transformed and disrupted by blockchain technology TBIS has completed trials showing that it is possible
Since the emergence of the idea of interconnected networks in the 1960s, very little has changed with regard to Internet infrastructure. While the internet is now unlimited more and more servers are interconnected, home computers, and most importantly, the users, The functional technology framework has not changed since the first imagined computing pioneers of the 60s and 70s. Of course, server technology has been increasing since the first networking arrangements such as the ARPANET, but the underlying infrastructure has not changed - still based on large, centralized data centers controlled by large companies that have their own interests; these interests are not necessarily yours In 1999, the invention of virtualization software allowed for the creation of virtual machines (VMs) on high-capacity servers. These rescued companies are worldwide billions of dollars and enable the rapid growth of webhosting industry consumers because hundreds of sites with low traffic can be hosted in very small amounts of shelf space as "servers" can be brought into being with a single touch of a button But even in this situation, the number disproportionate force placed in it relatively few company hands. Even today, up to 70% of internet traffic passes through server farms that are concentrated in Northern Virginia and operated by one company.1 While the status quo works, this is far from the ideal decentralization and democratic internet imagined by our technological ancestors and which is now a possibility. Welcome to the new world provided by Titanium Infrastructure Services (TBIS) We are a Revolution
Our platform will require users to have a clear understanding of the rights and responsibilities of all parties involved in the use of TBIS. As soon as the sale of tokens we have concluded, we will invest the time and capital needed in developing the user agreement for the placement of smart contracts and market sellers. Future law Costs are also taken into account here. Bugs ideals and unexpected deficiencies are an inevitable risk with any programming code, regardless of how carefully they have been reviewed and reviewed. TBIS will endeavor to provide users with the maximum amount of collateral possible by implementing enhanced security measures in any appropriate contract. The ability to stop structured and pre-defined rogue contracts prevents high-value losses and ensures a secure platform for everyone, without using or relying on controversial forks. We also realize that
TEAM TITANIUM
Titanium has many excellent assets and advantages, but nothing stands out beyond The Titanium Core Team. Combined, the Titanium Core Team has more than two hundred (200) years of combined experience in a global enterprise infrastructure environment. For seventeen years of experience in the technology sector, specializing in enterprise infrastructure management, Founder and CEO of Titanium, Michael Stollaire, made it a habit to identify the most elite talent in technology, and ensure it keeps close contact with these individuals for years. Over time, Mr. Stollaire asked for help or two for some people on the list, to help her with projects at Accenture, Boeing, Devon Energy, etc. However, with the commencement of The Titanium Project, every resource I have got to mate over two decades is brought into the crease, forming the "A-Team" of the world's best talent technology
The goal of the Titanium Blockchain Infrastructure Services is to provide the ability to virtualize the equipment, run the whole of a simple router, to specialized equipment such as cryptocurrency miners. Through TBIS virtualization will be helpful to ensure that your equipment will be up-to-date, patched and ready to work to protect your business interests.
The Token BAR will be offered at a rate of 300 BAR for 1 ETH, for a sales duration of approximately sixty (60) days. During the first 72 hours, all purchased BARs will be sold at a reduced rate. Sales are scheduled to start on January 1, 2018, at 1 pm (GMT-7). A hidden, undisclosed hard cover will be signed cryptographically using the hash algorithm's hash fragility and was released as part of a smart contract. If this cap is achieved, it will be revealed and the sale will end soon. Otherwise, the sale will expire after the end of the sale. The cap can be verified by comparing the revealed values with hashes included in the initial contract. A security cap of 350,000 ETH will Be hardcoded into the contract, as a safety net against unforeseen complications. This security cap is not a hard cover for TBIS, and is not meant to be reached. The TBIS team has set a minimum goal (denominated in US Dollars) is a necessary foundation for the core platform of TBIS to be completed and released. If the minimum objective is not reached at the end of the selling period, all Ether contributions will be marked for a refund. Anyone who donates will be able to withdraw their Ether from the sales contract. The soft cap figure will be $ 1,000,000. Hard Hat The figure will be $ 35,000,000. Titanium BAR Pre-Sale and Early Bird Bonus Period Prior to the sale of the BAR tokens January 1, 2018, a pre-sale period of approximately one month will occur During that time, investors willing to invest a minimum of $ 5,000 in the project will receive a 20% bonus. This will equalize around 1.2 BAR for $ 1 USD. Three (3) bonus periods will be offered at the beginning of the sale to provide ancient birds small incentive contributors. During the first 24 hours of the funding period, the exchange rate will be 1.15 BAR for $ 1 USD, 15% bonus. For 48 hours after that, the exchange rate will be 1.1 BAR for $ 1 USD, 10% bonus. For 48 hours after that, the exchange rate will be 1.05 BAR for $ 1 USD, 5% bonus. After the initial bird period, the BAR's price will remain at 1 BAR for $ 1 USD for the remainder of the sale. Note The exact start date, the duration of the discount period, and the duration of the sale will be determined by the block number, and thus estimated with accuracy a few minutes Half of the tokens (10% of the total token pool sold) maintained by the TBIS team will be frozen for one year (12 months) from the end of the sale, and the remaining 10% frozen for the additional year (24 months total). This freezing period ensures that no developer Token will enter the circulation before the live TBIS platform. Any tokens purchased as part of the sale will be immediately allocated to the buyer, but will be locked from the transfer until the minimum goal is reached. In short The amount of time after the sale begins, this token will be used on the main network of TBIS demo applications, once the minimum limit is reached Referral Bonus During the pre-sales and general ICO crowdfunding period, the referral bonus of 5% will be paid to the existing Titanium BAR Token owner, they refer others to the Titanium BAR Token on sale which proceeds to purchase the minimum amount of Titanium Token BAR, equivalent to 0.01 ETH or more
TOKEN SALE
Summary Mechanics and Sales Details This token is not an offer to sell or request an offer to purchase a TBIS token, called "BAR", and provided for it the information purpose only in respect of the TBIS platform. The following summary reflects TBIS's current expectations with respect to token mechanics and BAR sales are subject to change at any time. Soon, TBIS tokens (BAR) will be sold. As part of this sale, a fixed pool of BAR will be generated. No more BARs to be made in the future. BAR will become currency deflation. After the sale closes, some BAR tokens will be allocated and awarded to the TBIS team as an incentive for the success of our platform, and a separate portion will be held as a reserve fund and a spending fund. Society will hold 60% of all BAR, TBIS team will hold 20% BAR (depending on freezing period), 10% BAR will be provided for various public bounty and 10% of BAR will be allocated for Crypto Pool disturbance pool BAR serves some major operational functions with respect to TBIS platform for its holder 1. BAR will be the only tool to pay for products and services within the TBIS ecosystem. 2. The owner of the BAR will be allowed to participate in the selection of milestones, which will be used to open reserves for BAR expenditures. 3. BAR will be the primary mechanism to verify third party smart contract market in a decentralized and secure manner. 4. When the TBIS smart contract is deployed by the user, the BAR paid as fee will be resold and redistributed to the ecosystem with market value
Titanium BAR Pre-Sale and Bonus Period
Prior to the sale of the BAR tokens 1 January 2018, a pre-sale period of approximately one month will occur During that time, an investor who wants to invest a minimum of $ 5,000 in the project will receive a 20% bonus. This will equate around 1.2 BAR for $ 1 USD.bonus will offered at the start of sales to give ancient birds a small incentive contributor. During the first 24 hours of the funding period, the exchange rate will be 1.15 BAR for $ 1 USD, 15% bonus. For 48 hours after that, the exchange rate will be 1.1 BAR for $ 1 USD, 10% bonus. For 48 hours after that, the exchange rate will be 1.05 BAR for $ 1 USD, 5% bonus. After the initial bird period, the BAR price will remain at 1 BAR for $ 1 USD for the remainder of the sale.
Bonus Referral
During the pre-sales and general ICO crowdfunding period, a referral bonus of 5% will be paid to existing Titanium BAR Token owners, if they refer others to the Titanium BAR Token on sale which proceeds to purchase a minimum amount of Titanium Token BAR, equivalent to 0.01 ETH or more.
Secondary Milestone Voting
The TBIS team is committed to fulfilling our promise.We believe in our products, and wish to demonstrate good faith while remaining responsible for its success.So we apply the settlement-based release model.Aactive users involved in the TBIS Platform will be votes in determining whether deadlines and milestones have taken place meet The TBIS team will open the voice for every milestone when released, and TBIS the user will have a window of time to signal the milestone as "complete" or "incomplete". If the majority of the voices signaled the feature as "complete", then the backup associated with the stage milestone will be released.If a milestone is considered "incomplete" engage with the community for feedback to determine our shortcomings, and address them as necessary. Voting will then be repeated after a cooldown period, a maximum of three votes in total. In the case of three votes failed, the key will be released at the discretion of the team, no less than one month after the final vote. It protects the long-term functionality of the TBIS platform from being locked in a manipulation vote or a debatable issue. Specific pairs that have access to locked in voters are recorded.
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:
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.
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.
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.
What is LALA World ?
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 (“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.
The current financial system is broken for this suppressed population. Several papers, articles and theories have been written on this. It has been a herculean task to bring them into the mainstream. From a controlled and centralised financial system, LALA is truly bringing a whole new ecosystem (financial and grassroots community levels) to eliminate the need for intermediaries which drastically reduces costs and creates efficiencies.
Storing transactions on Blockchain eliminates complicated procedures and clearinghouses, saving time, money and the risk of error. The allowance of frictionless savings and investments gives people more control over their financial destiny. LALA uses Smart Contracts embedded into transactions that further simplify complex procurement, negotiation and verification processes.
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.
BLOCKCHAIN + FINANCIAL INCLUSION = LALA WORLD ECOSYSTEM
THE LALA WORLD ECOSYSTEM
LALA 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.
The more you use your LALA Wallet, the more you are rewarded economically, not only by cheaper transactions, but also via LALA Tokens for activities like sending new remittances, topping up user’s balances, or cashing out other users balances at other ends, along with number of other LALA referral products and services as described below.
For mass acceptance of LALA Wallet, we have teamed up with various employers, NGO’s, contractors, support groups who bring these migrants to new countries. Along with their initial training, we will be conducting LALA Camps not only to educate them about new countries, but also adapt to their new LALA Wallet and how it can help them in a strange new country. Newer ways of interacting between themselves, support groups and any other issues they face can be all reached out via one single platform LALA Wallet
LALA ID One Global ID, on Blockchain and under your control
“Digital Identity is a must for the millions of migrant labour population that visits through our platform every year and we are excited to take the first step with LALA for a truly global experience”
Dato Ratha Vellai, Bestinet Sdn Bhd Malaysia
LALA had a vision — to provide a digital identity to every
person on the planet, starting with migrants and their unbanked families.
LALA TRANSFER LALA’s management team and its partners are one of the most experienced crew who have run payment wallets, money exchanges, remittance and lending businesses for over 10 years in over 15 different counties. On top of solid experience and a great network, we have also built a great crypto offering — “LALA Transfer”, for efficient, cheaper and faster remittance services globally.
LALA Wallet, LALA ID and LALA Token are the central pieces to the LALA World ecosystem. LALA Wallet allows seamless onboarding, LALA ID creates easy verification, AML / KYC and LALA Token provides the single mechanism for users, partners, money transfer agents / operators, to make quick and cheaper transfers within communities domestically as well as cross border.
LALA LENDS Peer to peer and micro-lending has been on a steep rise over the last five years. But if one looks around, its primarily the developed nations and companies who have blossomed into unicorns while the industry has promised to eliminate poverty, offering low-barrier loans to those historically unbanked financially.
So-called “bottom-of-the-pyramid” solutions have led to strategies that many claim simply do not work and actually make poverty worse. This is where the Ecosystem approach comes handy. LALA team has extensive experience of mitigating this. LALA World supports individuals and small and medium sized businesses by offering them.
Micro loans, backed by LALA Token investors (and investors are rewarded). We are also working with some large funds & government partnerships to provide us underwriting capability to fund some loans.
P2P loans inside the LALA Wallet from LALA Community — both in Fiat as well as Crypto.
Community based projects (for e.g. small solar farm in a remote village) or small retailer loan based on their sales, trade data and invoice all embedded inside LALA ID and one Score — LALA Score.
LALA 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.
LALA KIT
LALA Kit is for everyone. A small business, grocery store, unbanked or a migrant labour. Buy LALA Kit from your nearest store or partner locations and be plugged in to the financial system instantaneously. No bank integrations, no filling of forms, no long queues, just activate your ID and sync with the phone inside, start using, get paid, receive money. LALA kit can also be pre-ordered online and delivered straight to you at a very affordable cost. A migrant labour, for example, can even get LALA Kit before he boards the plane from Bangladesh to Malaysia.
OTHER LALA PRODUCTS
We are focussed and the vision of our management is very clear. Therefore we want to start with products and partnerships that we have built with over a decade of experience. We do not claim to know everything and clearly realise our strengths and weaknesses. Also, there are things that are best left to experts who are good at doing that. Therefore, we believe in stronger partnerships. We are good at creating this ecosystem, working hard, willing to learn but as we expand and grow, we need partners. Please feel free to reach out to us at hello@lalaworld.io if you would like to partner with us.
Above mentioned products, in some shape or form are already being launched in various jurisdictions. MOU’s and definitive agreements are being signed across Asia, Africa and Middle East. Products like LALA Insurance, LALA Wealth, LALA ATM’s, LALA Force, LALA Franchise etc are all planned after 12 months. Right now we are on track to create a global Wallet for the unbanked. Roadmap and further plans are detailed in sections below.
LALA TECHNOLOGY AND MVP
DESIGN AND APPROACH
Most LALA Wallet users have smartphones but cannot afford expensive machines. Blockchain is maturing and reaching to a stage where there is currently a need for a single class, secure strong governance (decentralized) value exchange that uses maximum distributed computing so it is efficient and scales to millions of transactions per second when powered/powering billions of devices (single class of machines) while maximizing security and minimizing transaction fees (to almost zero). To achieve this, we are focussing on the following stack of technologies:
DEVELOPMENT 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.
OUR GLOBAL PARTNERSHIPS
LALA INITIAL COIN OFFERING
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.
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.
Therefore,
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:
Token Bonus Structure
LALA ICO PROCESS
LALA REFERRAL PROGRAM
A. Each Crowdsale participant (Pre-ICO and ICO) will be provided with a unique referral URL LALA.BUY.XXXXXX.
B. A referrer will receive an additional amount of Tokens equal to 5% of the Tokens bought by all their referred buyers.
C. This additional 5% is taken from the reserved 15% company Tokens as well as buy backs in the future.
D. When LALA launches its Wallet, these referral URLs get converted to Net Transaction Fee referrals where you will receive 5% of your referred users Net transaction fees every time they use their Wallet as long as both referral and referee hold LALA Tokens. T h i s referral bonus will be allocated via smart contracts automatically on a monthly basis, moving on to weekly and then daily basis eventually.
E. Once you create your account or login, a referral link is generated and once you refer anyone, a list will generate under your referral link.
Referral link sent to friends via messengers
Referral link in your accounts on social media
Signatures on forums
Articles and blog reviews
Youtube videos about the project
Mentions of the project in blockchain social media groups
LONG TERM INVESTORS
A. Besides price appreciation, we have devised innovative schemes for our long-term investors & supporters to help this noble cause. For every LALA Token invested by these investors in community projects, LALA will invest an equivalent amount of tokens or community narrowing help for the poor and deserving. Investors can earn not only interest on the Tokens they already hold but also work towards a social cause
B. LALA long term investor can choose and vote for various community projects, including their own charities for helping this ecosystem as well as put forward their own communities that they want to support. These communities, micro lending projects and other local help can then be used by other investors and LALA team itself to successfully execute these projects
SHORT TERM INVESTORS
A. We are making every effort for short term investors to participate in this ICO and help this cause
B. There are referral programs, bounty campaigns, and we are working tirelessly to make sure that there is considerable price appreciation when LALA is listed in a few months
C. Referral programs ensure that you not only get additional LALA Tokens but you also get a share of the transactional revenue for every friend referred by you for life as long as you continue to hold LALA Tokens
REAL USERS
A. LALA Wallet has been devised in such a way that the users are rewarded at every step. For example updating KYC information, referring other users, community projects etc.
B. LALA and the team is for real development of the unbanked. Users, investors and other members who participate and help other users will be rewarded. Token holders will also be rewarded for acting as cash top up and cash out points via local GPS tracking.
C. From time to time we will come up with various projects that LALA fund or community members nominate. Anyone participating on these projects will be rewarded in LALA Tokens.
EXPANSION ROADMAP
SHORT TERM — MARCH 2018
2.MEDIUM TERM — DECEMBER 2018
3.LONG TERM — DECEMBER 2020
CONCLUSION
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).
Postingan
