Background History

LimeWire first launched in 2000 as a Peer-2-Peer (P2P) platform, allowing users to share files such as music, videos, applications and other media. In short, it was a platform that highlighted decentralization in its purest form, eliminating the need for intermediaries. Because of its ease of use and diverse content, the platform quickly gained traction worldwide. However, it was eventually shut down in 2010 due to a court order after several legal battles over piracy and distribution.

The New LimeWire

LimeWire’s new Web 3.0-enabled Marketplace is making a comeback in the decentralized space and aiming to allow bands, artists and creators alike to build membership-based communities for their loyal fans. They want to decentralize the music distribution industry with LMWR by enabling artists to transact with their fans directly, free of middlemen. Fans will have access to exclusive content that is unavailable elsewhere, and musicians will be able to keep a larger portion of the profits from their work.

Road Map

The LimeWire team had been secretly building their project and have already achieved multiple milestones on their Road Map since late 2022. Some of these include partnerships with Algorand, licensing with UMG, signing headline artists and launching their marketplace after their 10,400,000 USD private sale.

Tokenomics & Distribution Schedule

LMWR has several use cases within the LimeWire ecosystem, which include:

• Governance: Holders have voting rights and can participate in governance decisions
• Staking: Users can stake their LMWR tokens to earn rewards
• Liquidity: LMWR tokens are used to provide liquidity on decentralized exchanges (DEXs), where users can trade them for other cryptocurrencies
• Yield farming: Users can earn additional LMWR by providing liquidity to designated pools on DEXs
• Ecosystem reserve: Tokens that are allocated to the reserve are used to fund development

LimeWire Tokenomics

The token's total supply is capped at 1 billion, with about 30% allocated to the project team, advisors, and early investors. The remaining 70% are being made available to the public through various token sales, including private sales, public sales, exchange listings and rewards.

The team’s and advisor’s tokens have vesting periods of 24 months, ensuring that the team is incentivized to work towards the long-term growth of the project. The tokenomics and release schedule appears to be reasonable, with the majority of tokens allocated to the public. However, we haven’t yet seen anything spectacular that sets it apart from projects like Audius.

LMWR Distribution Schedule

Impact on DeFi

LimeWire Competition Scan

The LMWR cryptocurrency could have a major impact on the DeFi ecosystem. It is a familiar name which can positively impact trust and do wonders for creators’ credibility as they try to monetize their work and communicate with their audience in a more meaningful way. The token can be used to purchase merchandise, tickets for gigs, and other similar items launched by creators for fans. Additionally, LMWR is a deflationary token, meaning that its supply decreases over time. This could increase its value over time, making it an attractive investment option.

Opportunity for Investment

You can use bitcoin (BTC), ethereum (ETH), USD coin (USDC), tether (USDT) ERC-20, binance coin (BNB), algorand (ALGO) or even pepe (PEPE) ERC-20 to buy LMWR tokens.

LMWR Sale non-US

‍In order to sign up for the sale (non-US):

1. Ensure you have an Ethereum Wallet, such as MetaMask and a minimum of 200 USD’s worth of funds
2. Sign up for the LMWR token Sale here
3. Complete the KYC process. Keep your identity documentation like passport or driver’s license handy. This is to verify that there is only one single wallet entry per actual participant

LMWR Sale US

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US Citizens can visit the Republic website and follow the sign-up process to take part. You will require a minimum of 250 USD for taking part in the sale and can even pay by Fiat or card.

Token Holder Tiers