LINGO Tokenomics

LINGO Token ($LINGO) is the native utility token of the LingoAI ecosystem. The initial total LINGO supply is 100 billion. It encompasses the supply, distribution, utility, and governance to ensure a balanced and sustainable ecosystem.

Token Distribution

The 70% of total supply, 70 billion LINGO are for community rewards.

Incentive

Users are not only able to use a wider range of trusted AI products like LingoPod, but are rewarded with tokens in return through mining of contributing real corpus data including speech, text, video, corpus and maintaining technical nodes.

There are different roles in ecosystem. Any user in the ecosystem could place their role and be rewarded accordingly.

Miners

Ordinary users can get a LingoPod to contribute corpus data. Professional translators can proofread and validate corpus data. Developers can assist enterprise or individual user to fine-tune AI models or privately deploy the model in a crowdsourcing way to earn LINGO.

Node Providers

When all the earned or purchased Lingo tokens in the mining pool are sufficient for staking, they can stake and become node providers. Node providers can be node initiators or delegates, both of them will receive corresponding rewards.

Utility

Staking

Any LINGO holders can stake LINGO to staking pool, alternatively they can delegate tokens to node leaders who could stake to become nodes providers. The staked tokens will be used as mining collateral. Miners and node providers will receive the shared mining rewards.

Payment for Services

Users can use LINGO tokens to pay for premium services, data access, and other offerings on the platform in the ecosystem. Enterprises and the government can purchase through fiat currency. Users paying tokens for services in the ecosystem will be less than other similar fiat services.

Governance

Governance is a cornerstone of the LingoAI ecosystem, empowering users to actively participate in the decision-making process. Users can submit proposals and vote on key topics such as corpus data categorization, mining mechanisms, and service fees. To submit a proposal, users must provide a deposit, which is fully refundable upon the proposal’s approval.

To ensure the integrity and quality of data processing, LingoAI will establish a ReviewDAO. Members of the ReviewDAO are responsible for reviewing all data processing activities. To join the ReviewDAO, users must deposit tokens as collateral. If a ReviewDAO member fails to meet the required time limits or does not thoroughly review the process, their deposits will be forfeited and redistributed to the mining rewards pool for node providers.

Token Burn Mechanism

LingoAI Foundation will implement a structured token deflation mechanism. This involves regularly buying back and burning a portion of the utility tokens to reduce the total supply.

Profit Allocation for Buyback and Burn: The LingoAI Foundation will allocate up to 30% of its quarterly profits for the purpose of buying back and burning tokens. Foundation will conduct token burns every quarter. To prevent excessive reduction in token supply and ensure long-term stability, the annual token burn cap will be set at 20% of the total initial supply.