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Crypto News

LimeWire’s Token Launch Allows Payment Through Various Cryptocurrencies

Author

Jay Solano

Tags

Reading time

2 mins
Last update

Author

Jay Solano

Tags

Reading time

2 mins
Last update

Author

Jay Solano

Tags

Reading time

2 mins
Last update

limewire

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LimeWire, the content-sharing service, has integrated several cryptocurrencies to enable users to purchase a new token for its ecosystem. In order to purchase the LimeWire Token (LMWR), LimeWire claims that XRP is the newest cryptocurrency to be added to the list of accepted payment methods.

According to an announcement on Twitter, LimeWire stated that it would include XRP as a payment option during the public sale of its LMWR Token if the proposal was retweeted enough times. Upon receiving 300 retweets, LimeWire added XRP to its platform.

On the LimeWire website, users can purchase the platform’s token using various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Tether (USDT), USD Coin (USDC), Algorand (ALGO), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), and Pepe (PEPE).

In 2010, the once-famous file-sharing website LimeWire was shut down. But LimeWire rebooted itself last year to function as a market for non-fungible tokens (NFTs), and it has now developed into a membership platform.

The LimeWire platform, which was relaunched in mid-2022 as a digital collectibles marketplace, has now transformed into a complete membership platform. This platform enables creators, artists, and brands to establish exclusive, membership-based communities that facilitate connections with their most devoted fans and followers.

According to LimeWire, the LMWR token will be fully integrated into all aspects of its platform, offering various benefits to users, including token rewards for loyalty and engagement, community voting rights, discounts, and even royalty distribution.

According to LimeWire, the token will be listed on at least four cryptocurrency platforms when the LimeWire Token public sale is concluded.