Uulala ICO: Company Review and UULA Token News Updates

Uulala ICO: UULA Tokens For Cash, Credit & Cryptocurrency?

When looking at current trends within the finance industry, we can see that the asset transfer market has faced the most upheaval in the past couple of years (especially since the introduction of blockchain technology).

To go into further details, we can see that global monetary remittances amounted to a total of $429 billion in 2016, which is nearly 3X the money that was doled out to countries in the form of foreign aid (that same year). However, as per data released by the World Bank, this money is laden with high processing charges, and anywhere between 7.5-15% is lost in transaction fees.

What Is Uulala?

Uulala is a minority-owned US-based crypto company that has among its stakeholders a wide array of first or second generation Latin Americans. As per the official website, the goal of Uulala is to create a platform that is able to “facilitate and accelerate” financial inclusion among communities in South America who still don’t have good access to banking facilities.

What Is Uulala Offering?

Development Opportunity:

This platform will offer underprivileged members of society with financial tools that can help them build their credit profile. Not only that, the system can also be used for other purposes such as:

• Sending/ Receiving money from all across the globe
• Participating in e-commerce related activities.

Societal Impact:

As mentioned previously, Uulala has been designed to help drive change within the Latino community. This will be done by conduction educational rallies that will help ward out fears that currently exist within SA communities regarding conventional banking systems.

Security:

Another key facet of Uulala is that it helps facilitate secure financial transactions via the use of certain safety protocols and remittance mechanisms.

Why Choose Uulala?

Uulala makes use of a proprietary “dynamic fragmentation methodology” that helps cryptographically splice data-sets into tangible segments. This is primarily done via the use of technological mechanisms such as the:

• Reed Solomon erasure code
• Checksum algorithms

Additionally, the platform also employs the use of AES-256 encryption modules that help completely decentralize the network via an SSL connection (which can be spread across multiple cloud storage providers).

AES-256 makes sure that each and every value entry is protected from third party users, as well as hackers. Not only that, it also serves as a excellent shield against brute force cracking attempts aimed at corrupting or stealing vital data.

Other Key Features Of Uulala

Remittance Capabilities:

This platform allows for seamless domestic and international transfers to take place between two wallets without the need of an intermediary financial institution.

Low Fee Rates + Functionality:

A highly underrated aspect of Uulala is that it charges extremely low processing charges. Not only that, it also allows users to pay their utility bills via mobile top-up cards.

Incentives:

For using the platform, customers are given a wide array of monetary benefits. As per the whitepaper, users can get up to 6% cash back on each and every transaction.

Micro Credit Opportunities:

Uulala has teamed up with various retail giants in countries like Brazil, Ecuador to make digital credit more widely available even for remote lying communities within SA.

Who Is Behind Uulala?

Oscar Garcia is the CEO of Uulala. He has been in the financial domain for 15 years, and in this time period has worked to uplift South American communities within Mexico, Argentina from a socio-economic perspective.

Similarly, Frank Dicrisi is the financial head of this project. Apart from working at Uulala, Frank is also currently the VP of Atlantic-Pacific Processing Systems , Inc.

Uulala UULA For Cash, Credit & Crypto ICO Details

All internal transactions will be governed through the use of a native currency. The sale of these tokens will take place via a pre-ICO and a main crowdsale event. According to the website, there is a soft-cap of $5 mil and hard-cap of $50 mil in place.

The distribution of raised funds will be done as follows:

• 50% of the money will be used for acquisition purposes.
• 10% will be set aside and reserved for the founders of Uulala
• 20% will be used for admin costs and further platform development.
• The remaining 20% has been reserved for legal and R&D purposes.

For any further details or queries, users can get in touch with company reps via FB, Telegram or Twitter.