Lingo : Making blockchain less intimidating and more rewarding

Lingo is the most talked about topic on social media. But what is this hype all about? Founded by Hassam Rawat and David Amsellem, Lingo is a Web3 loyalty program that offers real-world, months rewards to its holder just for holding and staking it. Furthermore, these rewards points are redeemable for real-life products and experiences such holidays, concert tickets, and more. But for the time being, the company is starting by offering holidays and hostel rewards first.

Run by strong teams and partners

One of the things that stood out to me immediately about this company is the strong teams behind this company and how they have a lot of experience building reward platforms: namely the two founders. Lingo was founded by HM Rawat and David Amsellem, who were behind John Paul, the world's top premium loyalty program that sold to Accor hotels in 2016 for $150 million. So these two founders are very experienced in building rewarding system platforms, and they really know how to build value, get people and grow that value.

Lingo has members on their team who were previously executives of big companies such as Finance, Google Microsoft, John Paul, Credit Agricole, and FC Bayern Munchen.

Lingo has also created partnerships with a network of brands such as Nike, Spotify, Starbucks, Netflix, Uber, Marriott, and PlayStation to offer the most attractive rewards to their users.

Powerful investors

If the credential of the team wasn't enough to convince you of their capability, then why not we move on to the adversors behind Lingo. Lingo’s investors consist of VCs, Web3 founders, creators, and celebrities. Some of the bigger names include Tal Cohen from Kraken USA, Chris Zaknun from DaoMaker, Cyrus Fazel from SWISSBORG, and Kingsley Coman from Bayern Munich. All these are big names in their various industries, and now they are coming together as an alliance to create something even greater.

Customer first policy

If there is one thing that Lingo isn't shy to brag about, it would be how they are always putting their customers first. In an interview with Crypto Coin Show, co-founder H.M Rawat pointed out that as a crypto company, it is quintessential that they put their community first. This means that unlike traditional companies that hope to reap the maximum from the minimum reward it gives its customers, Lingo offers its customers the maximum reward while putting "profit" in the backseat.

Defying traditional tokenomics

The company's mission of putting their customers first also dictates the way they reward system functions. All holders of Lingo token are eligible to earn rewards, in a way similar to how a traditional loyalty program works. However, Lingo’s allows user to continuously accumulate valuable rewards for life by just purchasing the Lingo community reward tokens just one time, as long as they keep staking the tokens.

Definitely worth a try

Yes, this is definitely something you should try out. While there are many hypes in the world that are not worth following, this is definitely an exception.

What makes this company noteworthy is obviously the credential of the team.Not only do they have the experience, they are also backed by strong investors to support them on their vision to build this huge web3 RWA powered rewards platform and this is something to be super excited about.