Lingo is revolutionizing the rewards system by integrating cryptocurrency with real-world assets. Utilizing the Base network, Lingo allows users to receive tangible benefits from their cryptocurrency interactions. Through the use of Real-World Asset (RWA) backed rewards, Lingo aims to make cryptocurrency more inclusive and attractive to a broader range of people by adding gamification elements to the experience.
Utilizing Real World Assets (RWAs) as the foundation of its rewards system, Lingo's platform stands out for its approach. RWAs are tangible physical assets that are introduced into the blockchain, providing users with a stable value that is not influenced by the fluctuations of the cryptocurrency market. This ensures a more dependable experience for users, as the rewards are supported by real assets that maintain their value even during times of digital market volatility.
The way the business operates is by using platform fees to invest in RWAs, which then creates a pool of rewards for users. This helps shield users from changes in the market, making Lingo a reliable choice for those looking for tangible value in their cryptocurrency endeavors. With a variety of brand partners, including Spotify, Netflix, Starbucks, Nike, and PlayStation, Lingo offers users a wide selection of options for redeeming their rewards within the Fizen App.
Lingo's rewards are supported by a collection of tangible assets, primarily short-term rental properties, as stated in their Lightpaper. The income generated from these assets is used to provide rewards to users. Lingo specifically targets major international cities such as Paris, Dubai, and Miami when choosing assets, aiming for consistent and reliable returns of around 6%. The properties are designed for short-term rentals and aim to generate a return of 7-9% to benefit the community.
In contrast to other tokenization platforms, Lingo does not tokenize properties directly, but instead uses the income it earns to support its utility token. By doing this, Lingo emphasizes rewarding users over real estate investment. Additionally, Lingo benefits from bulk discounts through partnerships, increasing the value of rewards for users.
The Lingo Airdrop offers users a fun and engaging way to earn rewards through daily activities and a referral program. By collecting tickets over a month, users can exchange them for $LINGO tokens and actual prizes. Users can participate in the airdrop by cracking an egg on the Lingo Islands platform daily and making a transaction on the Base network. This allows users to interact with the platform's features while earning rewards.
This airdrop stands out because it offers a combination of both digital and tangible rewards. Participants have the opportunity to receive tokens as well as physical prizes such as the newest iPhone, vacation packages, NFTs, and exclusive products from Lingo's partners. By offering both types of rewards, Lingo is able to appeal to a broader range of people beyond just those interested in virtual prizes.
Joining the Lingo airdrop is simple and straightforward, especially for beginners. Here are some steps to help you get started:
The tokens will be given out after the Token Generation Event (TGE) takes place, approximately one month after the airdrop finishes. To maximize your rewards, engage in daily tasks, finish transactions on the Base network, and promote your referral link.
Ensuring safety and maximizing benefits are important when participating in the Lingo airdrop. It is crucial to verify that you are on the official Lingo Islands website before linking your wallet. Avoid sharing your wallet's private keys or seed phrases with anyone. Additionally, ensure that your wallet is connected to the Base network and have a sufficient amount of BASE tokens to cover gas fees.
For maximum benefits from this campaign, be sure to participate in daily activities, monitor your ticket count, and stay updated on new opportunities and tips by following Lingo's community channels.
Future Goals of Lingo
The founders of Lingo, HM Rawat and David Amsellem, are experienced entrepreneurs who previously created the loyalty company John Paul. Accor Hotels purchased John Paul for $150 million. Their aim is to revolutionize the loyalty program industry, which is worth $200 billion, using blockchain technology.
Lingo's plan for the future is to create a thriving community in the Web3 space, release an app featuring more than 100,000 hotels, have the token available on popular exchanges, and increase their ambassador network to 1 billion followers. Through acquiring more assets, collaborating with other Web3 platforms, and implementing a governance system, Lingo aims to expand its user base and establish a significant presence in the Web3 industry.
Note from the editor: This article was written with the help of artificial intelligence and has been reviewed and verified by Jason Newey.
Jason Newey is an experienced journalist who focuses on NFTs, the Metaverse, and Web3 technologies. He has a strong background in digital media and blockchain technology, allowing him to effectively communicate complex ideas in his articles in an engaging and informative manner.
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