Lingo Announces Public Presale for June 2024
Lingo, an innovative Web3 rewards platform, has officially announced the date for its much-anticipated public presale. The presale for Lingo’s token is slated to commence on June 27, 2024, at 11 AM EST, 5 PM CET, and 11 PM HK. This event follows the substantial success of its private funding round, where Lingo impressively raised $12 million, despite an oversubscription that reached $35 million. The public presale will be accessible via Lingo’s official website, inviting a broader audience to participate in this promising venture.
Achievements and Strategic Partnerships
Lingo boasts a robust user base of 700,000 active users, underscoring the platform’s appeal and utility in the current market. Its reward ecosystem has strategically partnered with top-tier Web3 projects such as Magic Eden, Travala, and Fizen. These partnerships allow users to redeem rewards across more than 3,000 brands including global giants like Spotify, Netflix, Starbucks, Nike, and PlayStation. Such collaborations are vital to Lingo’s mission of providing tangible, valuable rewards to its users.
A key focus for Lingo is spearheading the Real-World Assets (RWA) movement. The company leverages RWA to deliver concrete rewards through its cutting-edge ecosystem. Lingo’s investors, who collectively manage over $3 billion in assets, play a crucial role in fortifying this initiative. This innovative approach not only enhances user experience but also promotes a sustainable, growth-oriented business model.
Revolutionary Business Model and Exclusive Benefits
Lingo’s business model is built on reinvesting platform fees into RWAs, fostering consistent value and compounding growth in the rewards pool. This model ensures that both the users and the ecosystem benefit from continuous value appreciation. Such strategic reinvestments depict Lingo’s commitment to delivering long-term benefits and solidifying its position in the rewards space.
Moreover, Lingo offers exclusive benefits to holders of its distinctive tickets—First Class, Business Class, Priority Pass, and Economy Pass—from Lingo Islands. These holders are granted special pricing, priority access, and increased chances of allocation during the presale, enhancing their investment experience. These perks underscore Lingo’s dedication to rewarding its loyal supporters and creating a preferential ecosystem for its community.
Beyond its strong financial performance and strategic models, Lingo has garnered support from the Google Cloud Web3 Startup Program and secured $50 million in branding contracts with mainstream celebrities and creators. These endorsements further validate Lingo’s potential and credibility in the field. With its official launch scheduled for Q3 2024, Lingo is poised to lead the RWA and rewards space, promising a groundbreaking experience for its users and investors alike.
