In the expansive realm of blockchain technology, opportunities for diverse applications abound, giving rise to a plethora of unique and innovative projects. In this context, Lingose (LING) distinguishes itself with its inventive method of tracking user actions across the GameFi ecosystem.
What is Lingose
Lingose (LING) is a crypto project operating in the GameFi space. It is a passport in Web3 game adventures, featuring a game ID system that tracks user accomplishments. This system tracks user accomplishments across the project's ecosystem, functioning as a social identity that integrates credential data. Essentially, Lingose serves as a tool that connects and gathers Web3 gamers while also capturing data related to their behavior.
The Lingose team
While the identities of the Lingose team members remain anonymous, their expertise in the gaming industry is evident. The team's focus on establishing strong fundamentals positions the project as a prominent player within the GameFi space.
How does Lingose work
Lingose aims to create a blockchain-based game ID system that utilizes data to provide qualification certificates by tracking user behavior on the chain, such as achievements or milestones within blockchain-based games. This approach allows users to create their own on-chain resume, transforming their actions into measurable value and rewarding behavior deserving of acknowledgment.
LING tokenomics
Lingose introduced its native cryptocurrency, LING, in late August 2022, with a maximum supply of 10 billion units. LING operates primarily as the governance token for the Lingose platform. It also offers rewards to specific NFT holders, including high-level identity NFTs. Additionally, LING grants game publishers access to the platform's value-added services.
LING distribution
Lingose allocated its tokens as follows:
- 5 percent to the seed round
- 10 percent sold in a private round
- 7 percent for marketing purposes
- 10 percent retained by the project team
- 8 percent for staking and liquidity
- 15 percent to the community treasury
- 20 percent to the ecosystem fund
- 25 percent for user rewards
