The team behind the LOL project already owns and runs international kindergartens, primary and second schools (www.wells.ac.th) A business school (www.bsm.ac.th) for the past 20+ years, as well as most recently, added a French Government recognized and internationally accredited university (www.eiu.ac) to their already fascinating portfolio.
The company has been offered to go public on traditional stock market to raise funds to further expand its operations in countries like Myanmar, Guinea (West Africa) and the like. However, being one of the most progressive thinking organizations, the team has instead decided to go public on the blockchain (decentralized) space to allow for the wider participation of the masses, not the classes, in the further growth and development of the company and all of its business divisions .
The LOL concept was borne out of two main reasons:
1. To address the utter failures of about 81 education-blockchain ICOs (projects) during the 2017 hype, that disappeared into thin air even before delivering on their promised outcomes. The LOL project is a direct response to fact that indeed blockchain has a lot of industry- changing applications for education - and that blockchain technology has REAL potential to solving some of the REAL problems that have existed in education for decades, with massive scalability and sustainability features. In other words, some of the problems that exist in education could only be practically and consistently overcome using the blockchain technology. The LOL project embraces and celebrates the beauty of the blockchain technology to solving some of the urgent crises faced in education such as affordability, transferability, and verifiability to establish and run more robust, honest and immutably secure education ecosystem.
2. To empower the masses (wider participation) of the general public to become part of the initiative to innovate education. The LOL project is aimed at the masses, NOT the classes. The team realizes that if they went on the IPO pathway, only large institutions would partake in the innovation of one of the fastest growing industries in the entire world. Traditionally, this is what most companies desire. However the progressiveness of the LOL project drove the LOL team to leverage on the power of the people, i.e., the power of the masses - to actively partake in the effort to remedy and fix the already failing education system. For example, graduates don’t deserve to be heavily burdened with student loans when in fact universities make huge amounts of money for delivering tertiary education. This has to stop - and its only through the LOL project could such a debilitating plaque be STOPPED, in the most practical sense of the word STOPPED ! Through the most innovative integration of blockchain - the LOL team intends to offer, for example, an entire nationally recognized and internationally accredited MBA programme and qualification at a mind-blowing total fee of ONLY US$500 - yes ! This is the total costs for our entire MBA programme and qualification ! So one does not need to get a loan or get into huge debts to pursue his / her tertiary education - he / she could do it independently (empowerment of individuals) - and start earning many folds income as a result of being professionally upgraded with advanced qualifications and skills / competencies needed by the job market. In fact, LOL will indeed be the world’s most AFFORDABLE (private) education provider, EVER ! Others may copy our innovative business model later on, but it doesn’t matter, because our ultimate goal is to MAKE AFFORDABLE, TRUSTWORTHY, GLOBALLY ACCEPTED EDUCATION available and accessible for the MASSES ! This is why we want the masses to come join us to make the positive changes needed for the masses!
So, clearly, we had a choice - “Walls Street vs.Cryptos
Main Street” in our efforts to raise funds for further development and growth, as well as innovating REAL change in the already broken education system - and WE AT LOL PROJECT, choose the MAIN STREET - we chose the STO route rather than the IPO route because of reasons explained above !
We urge you to come, and be part of this exciting new movement to changing the face of education and how it is executed ! You can play an active role in making this change, by becoming a part of this life-changing innovation - come be part of the LOL Project!
Token : LOL
Launch Pad : Latoken
Platform : Ethereum
Type : Security
PreICO price : 0.0700 USD
Price in ICO : 1 LOL = 0.07 USD
Bounty : Available
MVP/Prototype : Available
Country : France
Whitelist/KYC : KYC
Restricted areas : USA CHINA
Accepting : ETH
Distributed in ICO : 55%
Soft cap : 10,000,000 USD
Hard cap : 42,000,000 USD