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London Real

Hassam Rawat - Lingo’s Goal To Onboard The Next Billion People To Web3: Real Assets, Real Rewards, Real Adoption

London Real

Brian Rose

Investing, Cardano, Crypto, Bitcoin, Brianrose, Ethereum, Londonreal, Technology, Cryptocurrency, Business, Defi

4.41.9K Ratings

🗓️ 25 November 2024

⏱️ 102 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Lingo is the world's most rewarding crypto.

0:04.0

You buy lingo and then you get free stuff.

0:06.0

Vacations and Nike shoes and all by phones,

0:09.0

you can get really cool stuff, like a cyber truck.

0:11.0

So that's how it works.

0:12.0

You hold some lingo and then you can win some stuff.

0:14.0

Why do that?

0:15.0

And is that also part of building a community?

0:18.0

It felt like it was more meaningful to people

0:20.0

than just, hey, here's a token, you just made 500 bucks,

0:22.9

so good profit, go and sell it.

0:25.0

It transcends money, I think.

0:26.2

And if we can do that at scale with like hundreds

0:28.3

of thousands of people, I think it can be something good for it.

0:31.9

But then how do we finance this?

0:33.3

The way it works is every time people trade the token,

0:35.9

we charge some fees, and then we acquire real world assets with those fees.

0:39.3

These assets generate cash flow.

0:41.3

And we use 100% of the cash flow to finance rewards for the community.

0:44.3

And then what rewards do we give?

0:46.3

We let the community decide.

0:48.3

How important is a live token to what you guys are trying to do for your community and promise. It's hyper important. It's the core of everything we're doing.

...

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