Blockchain

Lingo Announces Public Presale for Its Token

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    Paris, France, June 24th, 2024, Chainwire

    Lingo, the innovative project that seeks to build a rewarding token, is thrilled to announce its Public Presale. As a leading gamified, RWA-powered rewards ecosystem, Lingo is designed for the next billion wave of consumer crypto. Users can stake or quest $LINGO to potentially win real-life rewards.

    Lingo’s Reward Ecosystem

    Lingo’s rewards ecosystem partnered with top Web3 projects like Magic Eden, Travala and Fizen. The partnership network resulted in rewards redeemable for over 3,000 brands, including Spotify, Netflix, Starbucks, Nike, and PlayStation, providing tangible value to its users. This is a key element to mass adoption that is amongst the main challenges in crypto adoption. By participating in the Lingo network, users can potentially earn real-life rewards as active and passive ecosystem participants.

    The RWA Narrative

    With Lingo investors managing over $3 billion in assets, Lingo aims to be positioned at the forefront of the Real-World Assets (RWA) movement. Building on Base and Solana, Lingo leverages RWA to power tangible rewards through its innovative ecosystem. As potential interest in RWA is on the rise, Lingo is poised to lead this frontier in the crypto industry.

    How It Works

    Lingo introduces a new model of generating tangible community rewards supported by Real World Assets. The business model reinvests platform fees into RWAs, creating consistent value and compounding growth in the rewards pool.

    Exclusive Benefits for Lingo Island Participants

    Lingo Islands, Lingo’s recent SocialFi campaign that went viral on crypto Twitter with over 8 million tweets and half a million participants in less than four weeks, offers exclusive benefits. Holders of First Class, Business Class, Priority Pass, and Economy Pass tickets will unlock special pricing, priority access and increased chances of allocation.

    Public Presale Details

    • Sale Platform: Official Lingo website https://mylingo.io
    • Official Announcement: Lingo’s official X account https://x.com/lingocoins
    • Launch Date: June 27, 2024, 11 AM EST, 5 PM CET, 11 PM HK

    Community and Network Growth

    Lingo has achieved the following traction:

    • Private Round: $12 million raised, with $35 million in oversubscription
    • User Base: 700,000 active users
    • Support: Google Cloud Web3 Startup Program grant
    • Global Brand: $50 million in branding contracts with mainstream celebrities and creators, including Kingsley Coman, Bryan Habana and P-Square.

    The Lingo Team

    Lingo’s team comprises industry experts from former Binance, ConsenSys and Google top executives, led by a co-founder who previously founded John-Paul (acquired for $150 million). Lingo advisors include Duncan Murray (ex-Black Rock), Rachel Howes (ex-Managing Director at Booking), Paul Bunting (SMB Director at Microsoft), and Adrien Delaroche (Principal Web3 at Google).

    Investors and Partners

    Lingo is supported by leading investors, including Morningstar Ventures, GBV Capital, Zerostage Capital, Solidity Ventures, Maven Capital, and more. Strategic investors include influential figures like Carl The Moon, Altcoin Daily, Ivan on Tech, Brian Jung, Miles Deutscher, and more.

    Lingo on a Journey

    Users can join Lingo in revolutionizing mainstream crypto adoption and potential real-world rewards. Interested users can stay tuned to Lingo’s official channels for more details on how to participate in the public presale and contribute to the future of consumer crypto.

    About Lingo

    Lingo is a leading gamified, RWA-powered rewards ecosystem, designed to bring real-life rewards for the next billion wave of consumer crypto. Backed by top-tier investors and advisors, Lingo is set to launch in Q3 2024, aiming to lead the RWA and rewards space with its revolutionary model.

    Links:

    • Website: mylingo.io
    • Twitter: x.com/lingocoins

    Contact

    CEO
    HM Rawat
    Lingo
    [email protected]

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    Bybit Bolsters Compliance with Appointment of New Chief Legal & Compliance Officer

    2024-09-30T13:18:52Z

    DUBAI, United Arab Emirates, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce the appointment of Robert MacDonald as the new Chief Legal & Compliance Officer. With a distinguished career spanning both the public sector and traditional finance, Robert brings a wealth of expertise in regulatory compliance and combating financial crime, reinforcing Bybit’s commitment to legal integrity, principled compliance, and robust governance.

    Robert’s leadership will be instrumental in paving a sustainable and responsible path for Bybit’s continued growth. He began his career practicing criminal law as a barrister in London, specializing in the field of financial crime, before serving the U.K. Ministry of Justice. Over the next decade, Robert embarked on a cross-continental journey mostly in traditional finance and banking, working for global institutions including one of the world’s largest asset managers, South Korea’s most popular eCommerce company, and crypto exchange Binance. 

    In his new role, Robert will oversee a joint legal and compliance team in navigating the rapidly evolving regulatory landscape. The team is comprised of a dedicated taskforce of legal counsels who cover a wide array of global legal issues and topical research, as well as a versatile compliance function including: a regulatory compliance function looking after licensing and registrations matters across jurisdictions and adherence to local requirements; a global compliance team of Money Laundering Reporting Officers; and specialists in compliance operations focusing on a safe and responsible client onboarding process including rigorous compliance controls throughout the user lifecycle.

    “Bybit’s vision is to build a company that stands the test of time—lasting a hundred years or more,” said Helen Liu, Chief Operating Officer at Bybit. “A strong foundation begins with a culture of compliance and a dedication to doing things the right way. We’re thrilled to have Robert on board, as his decade of experience and keen insight into evolving regulatory trends will be invaluable to our continued growth and long-term success,” she added.

    Robert said he sees inconsistencies in regulatory frameworks across jurisdictions as the key challenge to the industry. “There is a lack of uniformity in how cryptocurrencies are classified and regulated, which creates uncertainty for businesses and investors. Additionally, many governments are grappling with issues related to consumer protection, money laundering, and taxation,” said Robert MacDonald, Chief Legal & Compliance Officer at Bybit.“ The focus on stabilizing and regulating stablecoins and ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations are also pressing challenges. These issues give legitimate crypto exchanges with the technical know-how and right culture an opportunity to change the digital asset industry for the better. For regulators, the evolving nature of the technology and the fast-paced growth of the crypto market is a pain point, and many acknowledge a growing demand for more comprehensive regulations and clearer guidelines,” he continued.

    Undeterred by the challenges, Robert said Bybit’s invitation presented him an opportunity to make a difference in the industry. “I am thrilled to join Bybit at this exciting time, this role brings together my legal, compliance and previous crypto experiences. Bybit is on an incredible growth trajectory, and doing this in a sustainable manner by ensuring we build a world-class legal and compliance function with adherence to local regulations is key.”

    #Bybit / #TheCryptoArk

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, readers can please visit Bybit Press 

    For media inquiries, readers can please contact: [email protected]

    For more information, readers can please visit: https://www.bybit.com

    For updates, readers can please follow: Bybit's Communities and Social Media

    Contact

    Head of PR
    Tony Au
    Bybit
    [email protected]


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