With its listing on 5+ major exchanges earlier today, the LMWR token has attracted renewed interest. In this article, you can find out more about the LMWR token and the platform, which belongs to the LimeWire crypto project.
A Review About LimeWire Crypto and LMWR Token – 2023
The news of the listing was announced in a tweet from LimeWire crypto‘s Twitter account.
Through providing fans with unique access to their journey, LimeWire is a platform that allows content producers, artists, and brands to construct membership-based communities and recurring revenue streams. The LimeWire network uses blockchain technology to make exclusive content and assets ownable and tradeable, enabling fans to directly contribute to the success of creators in addition to simply consuming their work.
LimeWire Originals NFT Collection
LimeWire Originals, which was introduced in the middle of 2022, is a small collection of 10,000 digital collectible avatars that exist on the Ethereum blockchain. Owning a LimeWire Original signifies the highest degree of community membership available.
In order to manage supply, incrementally increase utility, and preserve creativity for collaboration opportunities and working with other communities, the collection is sold and minted in batches on a regular basis. The following members-only benefits are available to owners of a LimeWire Original.
LimeWire Pro Upgrade
Users that have LimeWire Original installed will automatically obtain an account upgrade to LimeWire Pro, which is normally only accessible through a monthly subscription fee or by possessing a certain number of LMWR tokens. A long number of advantages come with Pro, including a “Pro” badge next to your user name, the ability to move direct messages to your favorite creators to the top of their inboxes, and the ability to have your remarks displayed above the comment section of a content post.
LMWR Token Reward
All owners of a LimeWire Original will be eligible to receive a one-time LMWR token reward for each NFT they possess upon the debut of the LMWR token.
Access to LimeWire Events and LimeWire Originals Partnerships
Holders get +1 access to live events that LimeWire hosts all around the world. For instance, holders had free access to exclusive LimeWire events in New York and Ibiza in 2022, as well as the Decentraland Metaverse Music Festival and all-summer VIP access to superclubs in Ibiza thanks to a collaboration with Ushuaïa and Hï.
Tokenomics
The LimeWire ecosystem’s utility token, the LMWR, will be based on the ERC-20 standard and will be used to reward loyal users with a variety of perks and advantages through a gamified loyalty-tier structure. The following three pillars broadly describe the utility of the LMWR token:
i. Loyalty Tiers & Benefits
- Perks and benefits for LMWR holders.
ii. Payment & Rewards
- Interacting with the LimeWire platform.
iii. Governance & Decentralization
- Participating in the LimeWire ecosystem.
With a view on the platform’s long-term goals, the LMWR tokenomics were created. The LimeWire Token’s set 1,000,000,000 (1 billion) supply has no inflationary potential and will never rise over that amount. With a view on the platform’s long-term goals, the LMWR tokenomics were created. The LimeWire Token’s set 1,000,000,000 (1 billion) supply has no inflationary potential and will never rise over that amount.
They were able to close a $10.4 million strategic and private pre-sale of the LMWR token in the middle of 2022 with the help of a large group of reputable investors, including Kraken Ventures, Crypto.com Capital, GSR, and Arrington Capital.
Team
The executive team of LimeWire is made up of seasoned professionals from the crypto, tech, and entertainment sectors. With offices in Berlin, Germany, Tallinn, Estonia, and Vienna, Austria (HQ), they currently consist of a group of roughly 30 individuals.
- Julian Zehetmayr: Founder, Co-CEO
- Paul Zehetmayr: Founder, Co-CEO
- Marcus Feistl: COO
- David Spitzer-Dulagan: CTO
- Ivis Buric: CCO
- Reinhold Lackner: CFO
The names listed above are fixtures of this team.
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