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Send money domestically or internationally by using LALA Tokens at very little fee and receive rewards as well.
International bill payments can be done in LALA tokens and be eligible for rewards for more and more transactions
LALA Token holders will have quick loan disbursements at lower interest rates and qualify for other micro lending schemes.
LALA Token holders who refer other users to the LALA Wallet will gain another set of free Tokens and also get a share of the transactional revenue for every person referred by them, for life as long as they continue to hold LALA Tokens
LALA investors (short term and long term) will be able to participate and lend their tokens to community projects at attractive interest rates. They can also borrow fiat or other crypto against other LALA Tokens.
LALA long term investors 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.
This Token Sale Agreement ("Agreement") governs the token sale ("Token Sale") of cryptographic tokens called LALA tokens ("LALA Tokens"). Please read the terms of this Agreement carefully. By purchasing or otherwise holding the LALA Tokens, you shall be bound by the terms of this Agreement. If you do not agree to any of these terms, please do not purchase any LALA Tokens.
Each of the purchasers or otherwise holders of LALA Tokens (the "Purchaser" individually, and the "Purchasers" collectively) and LALA World Pte. Ltd. ("Company") is a "Party," and together the "Parties" to this Agreement.
|1.||Pre-Initial Coin Offering ("Pre-ICO")||25 November 2017 at 2100hrs (Singapore Time) to 15 December 2017 at 2100hrs (Singapore Time)|
|2.||Initial Coin Offering ("ICO")||5 January 2018 at 2100hrs (Singapore Time) to 5 February 2018|
|No.||Total aggregate number of LALA Tokens purchased by Purchasers||Percentage of Token Bonus (in terms of percentage tothe LALA Tokens purchased by each Purchaser)|
|1.||0 - 25,000,000||25%|
|2.||25,000,001 – 50,000,000||12.5%|
|3.||50,000,001 – 75,000,000||6.25%|
|4.||75,000,001 – 125,000,000||3.125%|
|1.||To be issued, sold and distributed to the public by way of Token Sale.||60%|
|2.||To be allocated to the Company’s founders, early investors, technology teams, existing and future employees of the Company, at the Company's sole and absolute discretion.||15%|
|3.||Allocated to advisors, consultants, community developers, at the Company's sole and absolute discretion.||10|
|4.||Reserved for Referral Tokens, community, future token sale or otherwise, at the Company's sole and absolute discretion.||15%|
Token Sale shall be conducted in accordance with the processes outlined in the Website.
EACH OF THE PURCHASERS AGREES AND ACKNOWLEDGES THAT ALL PURCHASES OF LALA TOKENS ARE FINAL AND NON-REFUNDABLE. BY PURCHASING LALA TOKENS, THE PURCHASER ACKNOWLEDGES THAT, THE COMPANY AND ITS OFFICERS AND EMPLOYEES SHALL NOT BE REQUIRED TO PROVIDE A REFUND FOR ANY REASON WHATSOEVER, AND THE PURCHASER WILL NOT RECEIVE MONEY OR OTHER COMPENSATION FOR ANY LALA TOKENS THAT ARE NOT USED OR REMAIN UNUSED, EXCEPT AS MAY BE REQUIRED BY APPLICABLE LAW OR REGULATION.
The Company makes no representations concerning the tax implications of the sale of LALA Tokens or the possession or use of LALA Tokens. The Purchaser bears the sole responsibility to determine if the purchase of LALA Tokens, or the potential appreciation or depreciation in the value of LALA Tokens over time has any tax implications for the Purchaser. By purchasing LALA Tokens, and to the fullest extent permitted by law, the Purchaser agrees not to hold any entities of the Company and its officers and employees liable for any tax liability associated with or arising from the purchase of LALA Tokens.
The Purchaser and the Company agree that if any term in this Agreement is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of this Agreement, which shall continue to be in full force and effect.
The failure of the Company to require or enforce strict performance by the Purchaser of any provision of this Agreement or the Company's failure to exercise any right under this Agreement shall not be construed as a waiver or relinquishment of the Company's right to assert or reply upon any such provision or right in that or any other instance. The express waiver by the Company of any provision, condition, or requirement of this Agreement shall not constitute a waiver of any future obligations to comply with such provision, condition or requirement. Except as expressly and specifically set forth in this Agreement, no representations, statements, consents, waivers, or other acts or omissions by the Company shall be deemed a modification of this Agreement or be legally binding.