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Real World Assets (RWA) Boom Has a New Crypto Contender – Lingo (LINGO)

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The demand for cryptocurrency projects that feature tangible value as an offering has surged in the last couple of years. This is possibly why Lingo, an RWA-based initiative, has been gaining traction even before its official presale launch within blockchain circles.

While similar projects exist, many believe that Lingo may revolutionize how one invests in real-world assets powered by blockchain technology.

The RWA Domain is Growing – And So Will Lingo

Cryptocurrencies are inherently volatile, which means that investors who park funds in projects are often at risk of losing their profits. This is exactly why RWA as a concept has gained popularity. These assets can be tokenized while also being tied to physical assets that are bound to grow in value irrespective of market conditions.

Several projects have tried to attempt this but have often seen little success. This is because a project of this nature may require strong backing. This is where Lingo manages to stand out as an initiative that is already backed by leading names within the finance space.

Lingo

It is a gamified, RWA-powered ecosystem founded by HM Rawat and David Amsellem. David Amsellem is the entrepreneur behind the world’s number one premium loyalty program, John Paul, which was sold to Accor Hotels for $150 million in 2016. The project aims to disrupt the traditional loyalty program model through a blockchain-based overhaul that prioritizes community benefits.

Put simply, the Lingo project has introduced a new business model that generates tangible community rewards supported by real assets. The project utilizes platform fees, reinvesting them into RWAs like real estate assets, which are owned by Lingo’s holding company and managed by its community DAO, to create consistent value and compound the rewards pool. This means that despite crypto market conditions, it will continue giving a good yield for investors in the long run.

Exciting Rewards for Everyone in the Lingo Community

If these yields were not enough already, the project’s rewards element makes the platform extremely appealing. It has managed to set up an ecosystem where investors can earn points by participating in the project. These points can then be redeemed for rewards, which include real-life experiences and products. This token utility may make it an appealing choice for investors going forward.

To make this possible, the initiative has already partnered with the Fizen app to offer rewards from over 3000 brands spread across 80 countries.

The list of companies that the project is now associated with includes names like Marriott, Starbucks, PlayStation, Nike, and many more.

Lingo

In an attempt to attract investors and create a major foundation for its launch, the developers have ensured that the brand presence is evident in major crypto summits and events, which could attract potential investors.

The current roster of investors that the project has managed to acquire is already massive and includes big names like Maven Capital, Morningstar Ventures, Skynet Trading alongside popular influencers in the space like AltcoinDaily. Other big names that have backed the project include  Tal Cohen, the MD of Kraken exchange, DAOmaker founder Chris Zaknun, and Manta Network founder Kenny Li.

This level of growth has positioned it already as a venture which could end up being a top gainer in the future. The RWA sector already has a TVL of $2 billion globally and is speculated to be one of the most successful domains within the crypto space in the coming years. With its unique concept that ties RWA and blockchain technology in a simple but effective manner, the Lingo project may indeed be able to revolutionize the space going forward.

If one is looking to learn more about the developments and its upcoming presale, they can follow Lingo’s social media channels on Twitter and Discord. This could also be a great way to connect with the community and understand the project completely before the presale goes live.

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