At the height of pirate music in the 2000s, LimeWireLast year it underwent a major change and returned as the NFT platform. The platform, which aims to emulate 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. It has also published the white paper explaining the purpose of this token and the project.

What is LimeWire Token?

Taking a look at the white paper 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 system“It has been indicated 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 had done a presale.

What does LMWR offer its owners?

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

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

What is the LimeWire token 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 an illegal music website, is now a platform for content creators to post music, photos, videos and blog posts.

When will the LimeWire token be released?

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