In a recent update from LaLa World ,
Having their ICO successful and reaching the hard cap in just 7 days;
A lot of eyeballs are upon the Singapore based blockchain project to make the Unbanked undocumented verified through a digital global id and bring them under the umbrella of financial ecosystem.
Roughly 2% of the total tokens among the distributed tokens were not claimed by the investors which prooves the credibility and trust people have for the project.
The listing news for exchange of the tokens is yet to be released and I shall be writing another article about it.
In a recent interview with CEO and Co-founder Sankalp Shangari he explained to the world roadmap and the vision on how LaLaWorld stands out of competition .
LALA TALKS | #LaLaWorld CEO & Founder #sankalpshangari on updates and the road ahead
WATCH IT HERE>> https://t.co/Kh4FO7MIxv
With a Telegram community of 7900+ members talking about the price of the token to rise anywhere between 10-20X price of
ICO price (1 Ether = 10000 LaLa Tokens) further gives a concrete evidence that there is a potential and massive demand from investors and traders for LaLa Tokens that further gives motivation to the LaLaWorld team that they are going in the right direction and working hard to make LaLa World beat the competition and achieve its purpose.
LaLaWorld is all set to create a benchmark accompanied by Social Impact that the company wants to achieve .
About LaLa Token Auction
KYC non-compliant tokens will be Auctioned in a reverse Dutch Auction.
Keeping in mind the ICO price and due to huge demand of LALA to date, auction for 2.37 million LALA will start at a price of 50 Cents per LALA Token on 7th March 2018, 2pm SGT with registration starting 24 hours prior on 6th March. Price will decrease by 5 cents every 3 hours with the final price floor at 25 cents.
For e.g.Between 2pm-5pm starting 7th March 2018, minimum price per LALA Token will be 50 cents, after that between 5pm-8pm minimum price per LALA Token will be 45 cents and so on, until the price reaches floor of 25 cents.
Auction will be closed after receiving bids for a maximum of 3 Million Tokens. After receiving all the bids, LALA Tokens will be allocated to early bidders of 2.37 million tokens at lowest bid (Last bid) of the auction.
For e.g. suppose a participant, Daniel, places his bid at 47 cents per LALA at 7pm SGT for 10,000 LALA Tokens. Last bid placed in the auction, for 3 million tokens, is 39 cents. Therefore, Daniel and all other first participants of 2.37 million tokens will be allocated tokens at 39 cents, the last and lowest bid.
ETH will be only acceptable currency in this Auction. For avoiding last hour rush, Auction platform will be opened on 6th March, 2pm SGT, 24 hours before the auction time so that participants can deposit Ether on the platform prior to opening of the platform. This will also ensure fair chance for everyone.
Participants can register on the platform, deposit ETH But cannot place bid before 7th March 2pm SGT. All remaining ETH or left over ETH beyond 2.37 million tokens will be refunded immediately.
LALA Auction platform is open for all to participate!
Note: Multiple bidding is allowed. Minimum purchase is 1000 LALA Tokens and maximum purchase is 250,000 LALA Tokens.
- Note: The benefit of early bidding is that you will definitely receive LALA Tokens.
- Note: You can check the highest and lowest bid on the dashboard anytime which will be displayed live.