Wala has created the world's first borderless, rewards driven, zero fee financial platform that will be powered by the Dala utility token. Through Dala, Wala makes use of the best of blockchain, cryptocurrencies, and tokenization to start a financial revolution for the next 3.5 billion consumers.
DALA UTILITY TOKEN
The Dala utility token is a general-purpose ERC-20 crypto-token created to enable free banking for emerging market consumers. The token is fractionally divisible and is independent of all local currencies and cryptocurrencies. Consumers will be able to engage in the Dala ecosystem by making transfers using their own token wallets, via the Wala Financial Platform, or through other applications built using the Dala API. ECOSYSTEM
The first application to make use of Dala will be the Wala Financial Platform. Upon launch, the Dala token will have immediate utility within the Wala Financial Platform where a user can transfer Dala to other Wala users for free, remit across borders, and redeem for airtime, data, and other value-added services. Together, the Dala token and the Wala Financial Platform can remove all barriers enabling free and accessible financial services. DALA TOKEN REWARDS MODEL
To enable a robust Dala ecosystem, Wala will incentivize users through a rewards model and seed partner service providers. The Dala token rewards model has been proven, supports the acquisition of billions of consumers globally and drives adoption of merchants, SMEs, banks, and corporations. GOVERNANCE
The Dala Corporation is a Cayman Islands entity established to represent Dala token holder interests. Dala is intended to become a fully-decentralized autonomous organization. However, due to the infancy of the crypto governance space, the Dala Corporation will assist with providing a governance forum in the short-term. The Dala Corporation long-term goal is to maximize the value of the ecosystem. The largest driver of Dala network value is the size and utility of the network to end-users which the Corporation will drive through token rewards and open-source tools.
The Wala Financial Platform is designed to transition cashbased consumers into the digital financial economy. The token is fractionally divisible and more isolated from the volatility of local currencies and global cryptocurrencies. Consumers will be able to engage in the Dala ecosystem by making transfers using their own token wallets, via the Wala Financial Platform, or through other partner applications that make use of the Dala API. Upon launch, the Dala token will have immediate utility within the Wala Financial Platform where a user can transfer Dala to other Wala users for free, remit across borders, and redeem Dala for airtime, data, and other value-added services.
October 25, 2017
October 31 2017
Attention. There is a risk that unverified members are not actually members of the team
Personal Evaluation for Wala + Dala. ICO will only have a slight chance of gaining value immediately after launch in my opinion due to distribution model and other competing more mature forces in the Blockchain industry. Wala does have a growing user base and funding. The team is young and getting larger with branding in all the right areas. Wala does have over 1 million users and appear to be growing every day. Eventually they could earn value but it would be a medium term hold in my opinion at the minimum, and then it becomes a question of does Bitcoin or another that have been at it longer solve the same solutions over the same adoption period? Dala will hit all the same regulatory issues with banks and banking systems most cryptocurrencies face until the issue is solved for the whole community. I see value in Wala Corp but I am uncertain of Dala’s future as a DAO (Decentralized Autonomous Organization). Dala will need to establish itself in a vary fast paced well funded new technology arena and will need time and proven usage too do this. The 30 million is a very reasonable ICO compared to many on the market the last year but 1 billion Tokens might be a mistake hurting the value after launch as I see no need for 1 billion tokens when 100 000 000 easily works for Dala’s purposes.
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