Lingose GameFi Guide

Lingose GameFi Guide

Andrew Chen
Fact Checked
Oct 30, 2022

In this guide, we overview Lingose (LING) which is an emerging GameFi infrastructure project that has been one of the best-performing assets in 2022.

Find out why it has outperformed the market and other GameFi protocols, and why we believe it has strong potential to become the leading platform in the virtual economy.

Table of Contents

Lingose GameFi Overview

Platform Highlights

  • Popular multi-chain GameFi Passport ID and Metaverse Passport
  • One of the top performing tokens in the GameFi sector throughout 2022.
  • Available on large centralized exchanges like Bybit, Gate.io and Binance.

What is Lingose?

Lingose is building a critical piece of GameFi infrastructure as it aims to establish a universal Game ID protocol that is bound by smart contracts. This would enable blockchain users to create an on-chain credential that will track user behaviors and provide scoring as you interact with Web3 protocols and games.

Lingose ID App
The Lingose Games ID App.

Lingose ID

The Game ID being built by Lingose is referred to as the "Lingose ID". This will act as a passport for users' Web3 gaming adventures and will track your accomplishments as you navigate the multi-chain gaming world. The Lingose ID will act as a social identity passport that will track your EXP in various games and highlight all of your achievements to other gamers.

The technical term for the smart contract behind Game ID is Proof of Play or 'POP' - which is an NFT based on the ERC-721 standard. The Lingose ID will be deployed multi-chain and is already compatible with games on various networks including ETH, BNB Chain, OKC Chain and Polygon.

Proof of Play 'POP".

Lingose Tokenomics

Lingose has created a novel token economic model that is designed to empower users in Web3.0 gaming by incentivizing campaigns that payout LGT rewards. The team behind Lingose believes that this mechanic can greatly increase participation and network effects of the Lingose Game ID. The campaigns will look similar to Xbox or Playstation Trophies, where users need to complete set tasks to earn rewards.

In accordance with their official token distribution, Lingose has set aside 25% of the total supply of 10,000,000,000 LGT tokens for user rewards. Outside of this, another 20% will go to the ecosystem fund and 15% for the community treasury which highlights that Lingose are putting a lot of capital aside to bootstrap growth. You can read more about their token distribution here.

Lingose Tokenomics.

Final Thoughts: Is Lingose a Good Investment?

Lingose has been one of the top-performing protocols in the GameFi space and has seen a meteoric rise in price since it launched its IDO on Bybit's Launchpad in September 2021. The project aims to build a universal gaming passport that will track your accomplishments across multiple games and blockchains. This makes it a great 'index' investment for crypto gaming.

The Lingose team is experienced in the gaming industry and their advisory team includes some of the biggest names in NFTs and Web3 gaming. We believe that the Lingose project has strong fundamentals and is well-positioned to become a leading player in the GameFi space.

As more games adopt the Lingose ID protocol, we expect to see increased demand for the LING token. We believe that Lingose is a strong GameFi investment and has the potential to become the leading platform in the virtual economy.

Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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