Depending on the amount of LMWR you hold in your LimeWire account, you will be able to claim additional token rewards on a regular basis.
Holders of the LMWR token are exposed to significantly reduced fees when buying, selling or trading NFT collectibles on the LimeWire marketplace.
Holders enjoy early access to NFT drops on the marketplace, exclusive announcements ahead of time, access to LimeWire merchandise, and much more.
Over time, LimeWire will be introducing mechanisms for the community to vote on platform functionalities, partnerships, and artists featured on the marketplace.
What is LMWR?
LMWR is a utility token deeply embedded into the LimeWire ecosystem. There is a total of 1,000,000,000 (1 billion) LMWR tokens, the vast majority of which is locked inside LimeWire's treasury, a dedicated artist fund, a fund reserved for token holder rewards, a liquidity pool, as well as core team members and partners.
What can I use the LMWR token for?
By holding LMWR token in your LimeWire account, users will be able to regularly claim LMWR token rewards, reduce their commission fees while trading on the LimeWire marketplace, cast votes for artists to be featured on LimeWire and platform features, as well as actively participate in our vibrand community.
Who are the investors behind this token?
In early 2022, LimeWire successfully raised a total of USD $10.4 million in a strategic token sale led by Kraken Ventures, Arrington Capital, GSR, Crypto.com Capital, CMCC Global, Hivemind as well as, 720Mau5, the fund behind Canadian music producer Deadmau5, as well as DAO Jones, a group of investors including Steve Aoki.
When is the public token sale?
The public sale of the LMWR token is scheduled for Q4 of 2022 and will take place on a well-known token launch pad or cryptocurrency exchange. To stay up-to-date and be the first to know as soon as a public sale date has been set, please join the LimeWire Discord channel and follow us on social media.