In this article, you will learn what is Lingose game ID. Lingose GameFi is an emerging GameFi infrastructure project that has been one of the best-performing assets in 2022. Lingose 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.
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.
What is Lingose Game 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.
What are Lingose Campaigns?
Lingose Campaigns are tasks and quests from participating GameFi and blockchain gaming applications that allow users to earn XP and tokens for completing the tasks. These campaigns are designed to be fun, engaging and rewarding for gamers, allowing them to earn rewards for things featured playing games, joining tournaments or participating in airdrops. The Lingose Campaigns layer will act as an incentive-based platform that will reward users for all sorts of gaming related activities.
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.
Bottom Line
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. This article is about what is Lingose game ID.
