Lingose (LING) soars after OKX, Bybit and Bitget listing

LAGOS (CoinChapter.com) — Lingose (LING) has soared by almost 15% in the last 24 hours following the simultaneous listing of the token by several cryptocurrency exchanges including OKX, Bybit and Bitget.

In detail, Lingose a newly formed cryptocurrency has risen rapidly since its launch and currently changes hands at $0.01194655. The token which is deployed on Binance Smart Chain(BSC BEP-20) aims to provide an independent platform to boost users’ interest in blockchain gaming.

Lingose through its official Twitter handle announced the token listing on several notable exchanges. It said the listing “is an important milestone for us to achieve the widespread development of Game ID.”

Moreover, the listing propelled LING to hit an all-time high of $0.02321284 on Sep 14, according to data from Coingecko. At press time, LING has a 24-hour trading volume of $2.3 million and is set to reclaim the two-cent mark.

Additionally, Lingose has launched Ethereum, BNB chain, OKC chain and Polygon. The project is also poised to launch on more public chain platforms, according to its announcement. Currently, Lingose boasts of more than one million users and a community of over 256,000. There are more than 42,000 independent addresses on the chain.

What Is Lingose LING?

Lingose is a GameID protocol based on the on-chain behavior. The project aims to create a system based on blockchain data, which provides qualification proof by capturing users’ on-chain behavior.

The project intends to empower Web3 GameFi players by recording their on-chain behaviors to demonstrate their GameFi value. Notably, every step and achievement of users in the GameFi will become their own value reflection, to better build their own web3 identity brand.

Accordingly, Lingose noted that it has discovered the value of online behavior that was not valued by people before. Notably, as more people join the project, the ecology will continue to grow. This will invariably expand the value of the project and it will continue to rise in the future.

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Furthermore, the new project will allow users to establish and develop their own game identity brand in web3. It noted that once a user joins he or she can rely on their own game behavior to complete the tasks set on the webpage. This means users will be able to earn rewards once they login into the project GameFi platform. It stated:

“Lingose has developed a variety of product systems to facilitate the recording of users’ online behaviors. What can be seen so far are: Lingose ID, user-behavior capture system, experience points, POP, and reputation system.”

LGT and LING Tokenomics

Furthermore, Lingose has adopted the dual NFT + dual token model. This model is unique to the project, which is a very interesting setting. Dual NFT gives users different permissions and capabilities and encourages people to better participate in the ecological construction.

As a result, the project has two main tokens, the internal token LGT, and LING for the entire ecological construction. Notably, both coins perform their respective functions, hence aiding Lingose’s ecosystem in its mission to grow.