In this post:
- The first real-world assets-based reward ecosystem, Lingo, recently announced that its token’s Token Generation Event had kicked off.
- $LINGO is the ecosystem’s utility token, backed by real-world assets. It provides stability and long-term growth for the Lingo community.
- The token went live on several centralized exchanges in December last year, including KuCoin, Uniswap, BitMart, Gate.io, and MexC.
Lingo announced that its RWA-powered assets, the Token Generation Event, had gone live. The team also revealed that it will be deployed on Solana to improve its scalability and system performance.
The project is backed by industry experts and celebrity reach including Ed Sheeran, Ronaldinho, Dembele, 80 UFC athletes and more. Lingo also revealed its investors will include Tal Cohen, Managing Director at Kraken, Chris Zaknun, founder of Daomaker, Cyrus Fazel, Swissborg CEO, Kingsley Coman, and more.
Lingo leverages real-world-assets to fuel community rewards
Lingo is the largest community-driven RWA in the space, with RWA-powered rewards tokens designed to onboard the next billion users into Web3. The platform currently has over 8 million users and 800,000 Daily Active Users. The project is currently the most viral RWA altcoin in the crypto space, with over 15 million tweets in 6 weeks.
Lingo also revealed that LINGO holders have staked more than 46% of the tokens claimed since the launch.
“Thank you for being part of our rewards ecosystem – this is only the beginning and we’re releasing more exciting developments soon as we’re building the World’s Most Rewarding token!”
–Lingo RWA-powered rewards ecosystem.
The crypto project highlighted that it was the first token that leveraged Real World Assets, gamification and crypto culture to fuel and disrupt community rewards. Lingo believes that its asset tokenization will reach $16 billion by 2030.
Backed by investors managing over $3 billion in assets, Lingo’s rewards ecosystem has partnered with over 3,000 global brands, including Spotify, Uber, Netflix, Starbucks, Nike, and IKEA. The project also acknowledged its network of 100,000+ hotels and gift card partner Fizen app will help its rewards reach across 80 countries globally.
Lingo engineers its platform for exponential growth
Every LINGO platform fee will contribute to the RWA pool that powers its rewards ecosystem. The project maintained that its model was designed for exponential growth, which will encompass an organic community, more RWA, and higher rewards.
The platform currently has a wide social network of over 2 million followers across X, Discord, and Telegram. It also has over 1.5 million wallets connected on the blockchain, 180,000 weekly active wallets, and over $150 million in holdings.
Lingo will be listed in major exchanges, including Coinranking, FXEmpire, Messari, Gate.io, MEXC Global, KuCoin, and BitMart. The platform will also be built with Google Cloud, Solana, Base, Fizen, Binance Pay, Sweatcoin, and more.
Lingo is also planning to deploy its Solana, which will improve its scalability and system performance. The platform is also preparing important exchange liquidity provisions that will improve its market accessibility along with trade activity.
The platform’s upcoming flagship product launch will also enable it to strengthen its presence in the crypto space. It is also establishing billion-dollar investment partnerships that will deliver support to propel the project forward.
The project has partnered with Stewards Investment Capital to reshape the landscape of RWA tokenization. The partnership aims to combine Lingo’s innovative consumer-first approach with Stewards’ experience in RWA management, which has deployed over $1 billion in RWAs.
Astra Nova also announced its partnership with Lingo on January 23 and said they will roll out special campaigns designed for their Lingo community. The company also revealed that Hassam-Moussa Rawat, CEO and Co-Founder of Lingo, was Astra Nova’s new advisor. The firm hopes Hassam’s expertise will be key in strategic partnerships and transforming how they reward and empower their community.
