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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.
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.
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.