What is the LimeWire Crypto? Analyzing LMWR Tokenomics and Price

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14 Mar 2024

Many are familiar with LimeWire in the context of downloading files. But what is the LimeWire crypto? The LimeWire (LMWR) token has been making headlines recently because of its recent price surge, which has resulted in an influx of traders and investors wanting to analyze this crypto further to see what it is all about and if it has a solid future. So, if you’d like to know more about the project and explore the LMWR tokenomics, price, etc., you’ve come to the right place!

Overview

In today’s article, we’ll first dive into the basics of the LimeWire crypto project. Once we establish the fundamentals, we’ll explore the history of LimeWire, gaining insights into the project’s origins. A brief overview of the project’s team and community will also be provided, along with an assessment of the legitimacy of the LMWR token. Our primary focus, as altcoin investors, will be on the LimeWire token. As such, we’ll conduct a detailed examination of LimeWire tokenomics and dive into aspects such as the LimeWire coin price. Additionally, we’ll outline key levels of support and resistance for the asset using technical analysis basics.
Furthermore, we’ll present a speculative LimeWire token price prediction. That said, the true value lies in Moralis Money, an exceptional tool empowering you to formulate your own short-term LimeWire token price prediction as market dynamics evolve. This tool enables you to conduct your own thorough research for the LimeWire crypto ($LMWR) for a well-informed investment decision.
For those considering acquiring LMWR, we’ll provide hassle-free guidance on where and how to buy LMWR. Lastly, we’ll briefly highlight LimeWire platform features, guiding you on where to learn more and initiate your use of this platform as a creator.

What is the LimeWire (LMWR) Crypto?

The LimeWire (LMWR) crypto is the backbone of LimeWire’s innovative ecosystem. It is the fuel behind a groundbreaking approach to the LimeWire content subscription platform, which aims to revolutionize the creator economy. Co-CEOs Paul and Julian Zehetmayr lead a visionary team on a clear mission. Their goal is to redefine how artists and their most devoted fans interact and contribute to the success of the creators they admire. LimeWire stands out as the first Web3 subscription platform, harnessing the power of blockchain technology to introduce a novel concept of ownership at its core.

The LMWR token plays a pivotal role in LimeWire’s ecosystem, facilitating transactions, rewarding user activity, and enabling governance within the community. Through blockchain and NFT technology, LimeWire empowers fans to access exclusive content and own and trade digital collectibles associated with the content they support.
This ownership-based content system introduces a new dimension to the relationship between creators and their fanbase. After all, it allows users to actively participate in the long-term success of the artists they follow. The integration of LMWR aims to create a vibrant and decentralized creator economy where the LimeWire community, from creators to fans, plays an active role in shaping the platform’s development and direction.

History

If you were old enough in the early 2000s, odds are you’ve heard of LimeWire. Back then, LimeWire emerged as a pioneering peer-to-peer file-sharing platform. Furthermore, it became a household name synonymous with the digital music revolution.
The original LimeWire platform facilitated the exchange of music files, allowing millions of users to discover and share their favorite tracks with unprecedented ease. However, its popularity also brought about legal challenges, leading to its eventual shutdown in 2010.
Fast forward to today, LimeWire is making a comeback, reimagined and revitalized by a visionary team led by co-CEOs Paul and Julian Zehetmayr. The new LimeWire is not a mere resurrection but a transformative force in the creator economy.
This modern incarnation leverages blockchain technology and Web3 principles to reinvent how content creators, artists, and brands engage with their most dedicated fans. The platform focuses on building membership-based communities, allowing creators to forge a direct connection with their audience.
According to the project’s official X account, LimeWire dates all the way back to 2011:
However, it wasn’t until 2023 that the project launched its own cryptocurrency – the LimeWire coin. The latter is an important part of the project’s vision for the LimeWire ecosystem. You can explore this vision and the details of the ecosystem in the project’s whitepaper:
The motivation behind the new LimeWire stems from the belief that existing creator platforms lack brand neutrality, user experience, and the concept of ownership. LimeWire strives to address these gaps by offering a content-neutral, globally recognized brand and a one-stop-shop platform with an easy-to-use interface.
The image below outlines the core milestones of LimeWire’s path so far:

Team

At the forefront of the LimeWire crypto’s visionary quest are co-CEOs Paul and Julian Zehetmayr. Renowned for their success with companies like MobFox and APILayer, they bring unmatched entrepreneurial acumen to LimeWire.
COO Marcus Feistl, former Bitpanda Country Manager DACH, leads strategic operations, while CTO David Spitzer-Dulagan spearheads the technological innovation integral to LimeWire’s success. Driving LimeWire’s creative identity is CCO Ivis Buric, whose global brand experience with Bitpanda and Chevrolet ensures a captivating user experience. Reinhold Lackner, LimeWire’s CFO, oversees financial strategies, fortified by a background in change management and startups.
This tight-knit team, distributed across Vienna, Berlin, and Tallinn, unites diverse skills in technology, finance, and brand development, propelling LimeWire’s mission to redefine the relationship between creators and audiences through its Web3 subscription platform.

Community

Aside from the above-outlined “limewire.com” website, the project also has a special website for the LimeWire token, “lmwr.com.” This site is a great place to explore the details of this crypto, including the LimeWire tokenomics, which we’ll cover later on. Plus, it also offers links to this crypto project’s socials and community outlets:
As outlined in the above screenshot, the best outlet to join the LimeWire community seems to be the project’s Discord server. However, you can also follow the project’s X and Instagram accounts to stay up-to-date. In addition, as you can see in the above image, this page is also where you can download the project’s whitepaper. This document contains all the details about the LimeWire ecosystem and the LMWR token.

Is the LimeWire Token Legit?

The LimeWire team took a serious and professional approach in its attempt to revive LimeWire. The fact that all core team members are fully doxxed gives the project additional credibility. Plus, the token is already live on one of the safest programmable blockchains – Ethereum.
With all that in mind, it is safe to say that the LimeWire token is legit. However, it’s important to keep in mind that crypto regulations vary across the globe. Consequently, your country may recognize LimeWire as an illegitimate venture. Plus, despite highly ambitious goals, there are obviously no guarantees that this project will be successful.
Only time will tell if LimeWire will deliver on its promises and fulfill its vision. These are the project’s core goals for 2023 and the first quarter of 2024:

LimeWire Tokenomics Review: Full LMWR Analysis

Let’s have a look at the LimeWire tokenomics together:

Token name: LimeWire Token
Symbol/ticker: LMWR or $LMWR
Network: Ethereum
Token type: ERC-20
Smart contract address: 0x628A3b2E302C7e896AcC432D2d0dD22B6cb9bc88
Minting transaction timestamp: March 24, 2023, at 18:43:11 (+UTC)
Total supply: 1,000,000,000 $LMWR
Initial allocation:
- 43% to the LimeWire ecosystem fund (15% treasury, 15% community rewards, 13% artist fund)
- 18% team
- 12% private sale
- 10% public sale
- 8% strategic round
- 5% liquidity
- 4% for advisors
- Vesting periods range from 0 – 48 months

Are LimeWire Tokenomics Any Good?

Looking at the above details, it is worth pointing out that, in our opinion, the LimeWire tokenomics are quite decent. Of course, there are some downsides. For instance, the fact that the team took 18% of the initial supply that is locked only for twelve months is not ideal. However, it is important to point out that this type of vesting is far from the worst either. On the other hand, the capped total supply is a positive aspect of the LimeWire tokenomics. This means there will never be more than one billion $LMWR tokens. Hence, the only inflationary forces will come from the above-outlined vesting schedule.
Another important factor is the public sale prices ($0.16, $0.20, and $0.30). You should keep them in mind when looking at LimeWire coin prices.

LimeWire Crypto Price Analysis

The LimeWire coin was listed on May 15, 2023, at approximately $0.18. The initial interest pushed the price up to $0.42 on the second and third day of trading; however, the price started to pull back on the third day. This downward movement continued for the next three months or so.
As you can see in the above daily chart on a logarithmic scale, the LMWR token lost about 85% from its peak at $0.42 by August. The bottom, which is also the asset’s all-time low (ATL), came in on August 12, 2023, at $0.05957. So, if you remember the public sale prices mentioned in the above LimeWire tokenomics section, you can see that everyone who bought at those prices was at a loss at the time.
However, since that low, the LimeWire coin recovered despite the absence of any positive LimeWire token price prediction. Starting on August 24, 2023, the asset pulled off a 100%-plus rally in just nine days. After that local high at $0.13, $LMWR pulled back by approximately 38%. Next, it bounced back up to $0.11 from one of its previous levels of resistance. But eventually, the coin’s price came back down and found support at around $0.78 on October 20, 2023.
The LimeWire crypto didn’t stay at the aforementioned level for long, as it started another rally the next day. This move started off quite slowly; however, on November 1, 2023, the price started to pump heavily. It reached as high as $0.53 by November 7, 2023. This also marks the asset’s current all-time high (ATH) price.
Given the fact that the token increased in value by nearly 600% in just 16 days, the ongoing pullback was to be expected.

LimeWire Token Price Prediction

Before we share our LimeWire token price prediction, we need to point out that all crypto price predictions are highly speculative. After all, cryptocurrencies are highly volatile, and no one really knows what will happen next.
As such, if you want the most reliable LimeWire token price prediction, you need to check out the $LMWR price on a live chart, combine those insights with real-time, on-chain data, and develop your own short-term prediction.
With that said, we can still have fun and speculate on what may come next for the LimeWire coin. The most likely short-term targets are the levels outlined in the above chart (blue lines). However, given the LimeWire tokenomics that indicate a capped supply, we can expect $LMWR to continue moving up if the rest of the crypto market remains bullish. As such, it wouldn’t be surprising to see the asset enter price discovery mode sooner rather than later.
So, if we focus on KuCoin’s chart (it is currently the largest $LMWR market) and use the Fibonacci retracement tool, we get the targets as seen in the following image:
So, based on that method, our optimistic mid to long-term LimeWire token price prediction points to $3.39 (the “4.236” extension).

Is the LimeWire Crypto a Good Investment?

Throughout the above sections, we’ve offered you more than enough information to decide whether or not you find the LimeWire crypto project and its token interesting. And unfortunately, we cannot answer the question on your behalf. After all, only you know your current financial situation and your risk tolerance. Therefore, it is up to you to form your own conviction and take action accordingly.
You can use the Moralis Money $LMWR token page to decide whether you think the LimeWire token is a good investment. Moreover, you can find all the resources and tools to research the LimeWire crypto properly on that page. Among other details, it also offers you the asset’s real-time, on-chain metrics (a.k.a. alpha metrics).
With these invaluable insights, you can determine if the token is gaining or losing on-chain momentum. And since the on-chain activity always precedes price action, you’ll be able to position yourself favorably. Essentially, this page allows you to determine if/when to buy the LimeWire coin!
So, follow the above “$LMWR” link or use the interactive widget below to answer the above question with confidence.

Where and How to Buy LimeWire Crypto

There are many places where you can buy the LimeWire crypto asset. However, many of them are centralized and require you to give up control over your assets. As such, we recommend you focus on using decentralized paths. Fortunately, the best and cheapest crypto swap option awaits you right on the token page from Moralis Money:
So, how to swap on the Ethereum network, including the LMWR token, in a user-friendly manner? Just focus on the Moralis Money swap feature, connect your wallet, select the token you wish to use to buy $LMWR, enter the amount, and execute the swap. If you need some help, just check out the animation below:

Exploring the LimeWire Crypto Platform

Aside from investing in the LimeWire crypto project by buying $LMWR, you can also earn as a creator. If that interests you, make sure to explore the LimeWire help center. There, you find two options: one explains how to earn on the LimeWire platform, and the other how to use the LimeWire AI studio:

What is the Limewire Crypto? Analyzing LMWR Tokenomics and Price – Key Takeaways

The LimeWire crypto project aims to become a go-to decentralized platform for building membership-based communities.
LimeWire is a popular brand name that established itself back in the 2000s as a peer-to-peer file-sharing platform. However, it was shut down in 2010 due to legal issues with copyright violations.
The new LimeWire project utilizes blockchain technology to allow fans to access exclusive content and own and trade digital collectibles associated with the content they support.
Essentially, the LimeWire project aims to create a decentralized content and community platform.
The project also introduces its own utility token, LMWR, to facilitate transactions, rewards, and governance within the ecosystem.
Looking at the LimeWire tokenomics, a relatively low total supply of one billion tokens could help push the price of $LMWR higher.
Our speculative and optimistic LimeWire token price prediction points to $3.39.
To determine if/when to buy the LimeWire coin, use the Moralis Money $LMWR page. That page is also the best place to buy $LMWR in a user-friendly, decentralized manner.
If you are a creator and wish to use the LimeWire ecosystem, make sure to explore it via the project’s knowledge base (help center).

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