Lingo Is Coming to AngelBlock!

13 Jun 2024 · 10 min read

Lingo Fundraise

What is Lingo?

AngelBlock X Lingo Raise

AngelBlock X Lingo Milestones

We are excited to share that on June 18th, at 1:00pm CEST, we will be hosting Lingo! An RWA-powered rewards ecosystem for the next billion wave of consumer crypto. Lingo's investors collectively manage over $3 billion in assets, and its rewards ecosystem is partnering with over 3,000 brands, including Spotify, Netflix, Starbucks, Nike, and PlayStation.

Previously AngelBlock secured an allocation in the private sale round, and this time Lingo has ensured an exclusive allocation for our community for the public sale coming on June 18th.

What is Lingo?

LINGO 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.

To achieve this, LINGO has introduced a new business model that generates tangible community rewards supported by real assets. The project utilizes platform fees, reinvesting them into RWAs such as real estate assets, which are owned by Lingo’s holding company and managed by its community DAO. This approach ensures consistent value creation and compounds the rewards pool.

What about the $LINGO token?

On the Lingo platform, users can earn $LINGO by staking their tokens and generating value. Its rewards marketplace features an in-app loyalty points system, offering monthly rewards to users. These points are redeemable for a wide range of real-life rewards, including coffee, shopping, tickets, hotel stays, and more. The rewards are redeemed on a dedicated dApp, which comes with exciting features like daily tasks, seasons, mystery boxes, and much more.

As a real-world utility token, $LINGO gives users tangible rewards. All the fees generated on the platform power the rewards ecosystem by reinvesting in RWAs, thus fueling exponential growth and higher rewards. Investing in RWAs generates monthly cash flow, and 100% of that yield will be used by the project to buy back its token every month, further fueling its ecosystem. The project also aims to use $LINGO as a governance token in the future, allowing users to vote on ecosystem decisions such as the next reward pool.

Traction

$9 million private round fully subscribed.
200,000 users on the waitlist in under 2 months.
Supported by Google Cloud Web3 Startup Program.
$50 million branding contracts secured with 500+ KOLs and celebrities (with over 300 million followers). (I.e Ronaldinho, Dembele, Kingsley Coman)
Team (20+)
Co-founder previously founded John-Paul ($150m exit to Accor).
Team members from Binance, Consensys, Google, and Microsoft.

Investors

Notable figures include David An (Greenfield Capital), Chris Zaknun (Founder of Daomaker), Maven Capital, GBV Capital, Morningstar Ventures, Solidity Ventures, Meta Bros, Skynet Trading (top trader on Binance), Kenny Li (founder of Manta Network), Cyrus Fazel (Founder of Swissborg), Kingsley Coman (Bayern Munich), Arnaud Lagesse (Forbes Africa Cover), and more.

KOL Investors

Miles Deutscher. Austin and Aaron Arnold (Altcoindaily). Ivan on Tech. Boxmining. Ash Trading. Hustlepedia. ReadyplayerH. Virtual Bacon. Shah. Brian Jung. CryptoGodJohn. Brian D Evans. Michael Van de Poppe. Joe Parys. Cyclop.

Learn more about Lingo:

AngelBlock X Lingo Raise

AngelBlock Raise Goals

Hard Cap: $50,000
Soft Cap: $15,000

The launch price for $LINGO is set at $0.2. However, investors on AngelBlock will be able to access it at $0.16. Raise Details

Round: Public Sale
The circulating supply of $LINGO at the time of launch will be 150,000,000 tokens.
The total supply of $LINGO is set at 1,000,000,000 tokens.
The initial market capitalization of $LINGO is set at $30,000,000 with the fully diluted market cap at $200,000,000.
The minimum investment to participate in the Lingo raise is set at $500. For investors who have not completed KYC, their maximum contribution in the raise is set at $999. You can read more about that in the KYC process we have implemented below.
Investors will be able to participate in the raise with USDT on ETH mainnet. The token claim however will be on Base.
Cliff: 3 months
Linear Vesting: 12 months
TGE Unlock: 10%

Notes:

It’s important to note that $LINGO will be listed on a Tier 1 CEX (centralized exchange) at launch.
For users that might miss the opportunity to invest in Lingo through our protocol can check for more opportunities to invest in lingo through here.

AngelBlock X Lingo Milestones

Our approach to governance is a distinctive feature of AngelBlock, setting us apart from the competition. For each project listed on AngelBlock, a set of milestones is established before the fundraising event begins. Each milestone includes clear deliverables, timelines, the proportion of the budget to be unlocked for the projects, and the amount of tokens to be released.

To make the raise more competitive, we adjusted certain milestone parameters and implemented only Milestone 1. This means the entirety of the funds will be released at TGE, as the threshold meets the materiality criteria for Milestone 1 in a community-based round and Lingo’s TGE is imminent.

Milestone 1

Delivery date: Lingo's TGE
Funds released: 100%

How to Participate in the raise? NEW tiers system - 2h priority access per group

Staking Tiers

At AngelBlock, we've instituted a distinctive staking tiers system designed to create a fair and rewarding environment for investors. By staking $THOL tokens, you are placed into specific tiers which each have their own level of priority access and ticket sizes to the fundraising projects. Here's a detailed look at our staking tiers:

Standard User (Tier 0): Users who've staked 0 – 20k $THOL fall into this category. Standard users can invest up to $2k, and they gain access to the fundraise after the first three tiers have had their opportunity.
Value Investor (Tier 1): Users staking 20k – 100k $THOL become Value Investors. These users have the opportunity to invest up to $10k and gain early access to fundraises after the first two tiers have participated.
Angel Investor (Tier 2): With 100k – 500k $THOL staked, investors fall into the Angel Investor tier. These investors have access to larger investment ticket sizes of up to $25k, along with the privilege of second priority access for the given fundraises.
Institutional Investor (Tier 3): Our top-tier users, staking 500k+ $THOL, are labeled as Institutional Investors. These individuals enjoy the most substantial benefits, being able to invest up to $50k and gaining first priority access to fundraises.

Note: Each tier enjoys a 2-hour window of priority to invest in the project, starting with Institutional Investors, followed by Angel Investors, Value Investors, and lastly Standard Users. You can learn more about our staking tiers here.

You can get THOL here:

Visit Uniswap and swap your preferred tokens for THOL
Visit MEXC and get THOL through the USDT/THOL trading pair.
Visit BitMart and get THOL through the USDT/THOL trading pair.

The KYC process Participation in the Lingo raise for contributions exceeding $999 requires completion of a Know Your Customer (KYC) process. This process is designed to prevent fraud and illegal activities. The KYC process is managed by Fractal ID, an identity solution provider for the web3 space. Completing the KYC process prior to the raise can help avoid potential delays that may occur due to high demand during the raise. For more information about the KYC process and how to complete the identity verification check out our dedicated article.
Participating in the raise After completing your KYC and acquiring the required amount of THOL for the staking tier you desire, participating in the raise is a straightforward process. You can see the process of participating in a raise on AngelBlock with our step-by-step guide here
Post-Raise Governance On AngelBlock, the role of an investor extends beyond merely contributing capital. Upon making an investment, the contributor is assigned a Badge, a unique, non-transferable ERC-1155 token. This Badge symbolizes the investor's voting power during milestone voting, thus participating in critical project decisions. Due to their non-transferable nature, these Badges ensure only the original investors can take part in milestone voting, upholding the integrity of the project's development direction. It is essential for investors to vote from the wallet that initially received the Badge. You can learn more about badges and how they work by visiting our blog here. Reminder: Keep the wallet you plan to invest in safe at all times. If anything happens to your wallet, there is no other way to claim your tokens or vote during the milestone process.