LimeWire Is Launching Its Own Cryptocurrency

LimeWire, which was shut down in 2010 and returned as a content platform last year, is issuing its own token.

At the peak of pirate music in the 2000s, LimeWireLast year, it went through a big change and returned as the NFT platform. The platform, which aims to rival the OpenSea platform in the NFT sector, is now issuing its own token.

LimeWire will be released on the Ethereum network “LimeWire Token (LMWR)He shared the details about. It has also published the whitepaper explaining the purpose of this token and the project.

What is LimeWire Token?

When we take a look at the whitepaper published by the platform, we can see that the token “Increasing the user experience on the LimeWire platform and various benefits through a gamified loyalty tier system“It is stated that it will provide.

LimeWire will launch its token in mid-2022 with the giants of the cryptocurrency industry such as Kraken Ventures, Crypto.com, and Capital. worth $10.2 million He also shared that he made a pre-sale.

What will LMWR offer to its owners?

LimeWire Token holders will be divided into three categories based on the number of tokens they own. While every token holder will have voting rights in the LimeWire community, those holding less than 15,000 tokens will have limited voting rights.

limewire token

Holders of 15,000 or more tokens 12% annual LMWR award and early access to LimeWire exclusive items. 50 thousand or more token holders 15% annual LMWR awardwill have access to invites to LimeWire parties and their own exclusive community feed.

What will the LimeWire Token be used for?

The LimeWire Token can be used to send discounts, subscriptions, donations or messages to creators on the platform. Content producers will also have the opportunity to receive their earnings through LMWR.

By LimeWire and content?

LimeWire, once a pirate music site, is now a platform for content creators to share music, photos, videos and blog posts.

When will the LimeWire Token be released?

LimeWare Token will go on sale on May 2. Total LMWR supply 1 billion pieces declared as. 200 million of these tokens were sold in private sales and 2.5 million in community sales.

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