LALA Auction Is Now LIVE - Get Your Bid's Registered
Dear LALA Family,
The 2.37 million LALA Tokens which did not pass the compliance are being auctioned today - 7th March at 2:00 pm SGT.
ETH will be only acceptable currency in this Auction. For avoiding last hour rush, Auction platform was opened yesterday - 6th March, 2:00 pm SGT, 24 hours before the auction time so that you can deposit Ether and be ready to bid when the auction platform opens today, ensuring a fair chance for everyone.
Anyone can register on the LALA auction platform and deposit ETH but cannot place bid before 2:00 pm SGT, today. All the remaining ETH or left over ETH beyond 2.37 million tokens will be refunded immediately.
Note: You can still register and deposit your ETH Now. If you are already registered with tokensale.lalaworld.io - The LALA Auction Platform, no need to register again!!
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 will definitely fetch you LALA Tokens.
These Tokens belong to the community and will be Auctioned in a reverse Dutch Auction. There is an early bid advantage as the auction will be closed after receiving bids for a maximum of 3 Million Tokens.
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. Price will decrease by 5 cents every 3 hours with the final price floor at 25 cents.
For e.g. Between 2:00pm - 5:00pm starting 7th March 2018, minimum price per LALA Token will be 50 cents, after that between 5:00pm - 8:00pm minimum price per LALA Token will be 45 cents and so on, until the price reaches floor of 25 cents.
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 7:00 pm 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.
LALA Auction platform is open for all to participate!
The highest and lowest bid for the LALA will be displayed live on the auction dashboard.
Let The LALA Bidding Begin….
