The cryptocurrency world is abuzz with anticipation as Lingo, a novel gamified rewards ecosystem working with Real-World Assets (RWA), has unveiled its plan to kick off a Public Presale on June 27, 2024. This significant event follows the resounding success of its Private funding phase, which netted $12 million and witnessed an extraordinary $35 million oversubscription from investors.
Built upon the Solana and Base networks, Lingo aims to revolutionize the way users engage with decentralized finance and rewards programs. At the core of its ecosystem sits the $LINGO, the native token that empowers users to earn points, claim enticing rewards, and even partake in staking mechanisms to garner real-life rewards – a true manifestation of the RWA-powered rewards concept.
Lingo’s journey has been supported by an array of prominent investors, including Zerostage Capital, Solidity Ventures, Maven Capital, Morningstar Ventures, and GBV Capital. These financial backers not only bring capital but also strategic support, bolstering Lingo’s mission in creating an engaging and valuable rewards system. Moreover, the project has also garnered strategic endorsements from influencers such as Altcoin Daily, Ivan on Tech, and Carl The Moon, figures with substantial followers in the crypto space.
Strategic partnerships have been a cornerstone of Lingo’s roadmap. Collaborations with Web3 projects like Travala, Magic Eden, and Fizen illustrate Lingo’s dedication to creating a rich, integrated ecosystem. Moreover, partnerships with over 3000 recognized brands in more than 80 countries, including heavyweights like Netflix, Spotify, and Starbucks, demonstrate the widespread applicability and potential of the Lingo platform.
Lingo is not just a concept—its rapidly growing base of over 700,000 active users signifies a passionate and engaged community. This is further exemplified by its recent SocialFi campaign, ‘Lingo Island’, which created a considerable social media splash with over 8 million tweets and 500,000 participants in less than a month.
Guiding Lingo’s strategic direction is a cadre of industry specialists and top-tier advisors, amongst them Rachel Howes, Duncan Murray, Adrien Delaroche, and Paul Bunting. Their expertise is anticipated to steer Lingo towards its official launch in Q3 2024.
Crypto enthusiasts and potential investors eyeing the public presale can obtain more information and participate through Lingo’s official website when the presale goes live. This event marks not only a pivotal milestone for Lingo but also signifies a new chapter in how reward systems could intersect with digital assets and blockchain technology. With such profound support, strategic partnerships, and a growing user base, Lingo is well-positioned for an impactful entrance into the marketplace.
