cryptonewsland.com
- LimeWire has finished its public sale, raising almost $18 million.
- The token sale started on May 2 and finished on May 11 at rates of $0.20 and $0.30.
- LimeWire was one of the most popular torrenting sites before becoming a creator platform.
LimeWire has concluded the public sale of its namesake token LMWR, obtaining $17,752,179 in over a week.
✅ The #LMWR token sale is now closed & we raised $17,750,000.
— LimeWire (@limewire) May 11, 2023
Next steps:
🔥 As promised, remaining tokens will be burned – we'll provide details shortly.
📄 Info on the claim process is available at https://t.co/Q5JjPgfMmn
📈 Exchange Listings (May 16) will be announced soon pic.twitter.com/4p2dTWcas2
During the public sale, participants were given the option to purchase the tokens for $0.20 and $0.30, with the former under a lock-in contract of 6 months. Meanwhile, tokens purchased at $0.30 should be available for withdrawal immediately.
According to the team, all unsold LMWR tokens will be burned, which may result in a higher price valuation for tokens in circulation.
In addition, LimeWire is set to announce the list of partner exchanges that will open trading of LMWR tokens. Among these, KuCoin was the first exchange to have been confirmed.
📢 LimeWire ( $LMWR ) is available on #BurningDrop
— KuCoin (@kucoincom) May 10, 2023
✅ Stake $KCS, $USDT or $ETH to subscribe
🔥 Burn $POL to mine more $LMWR airdrops
⏰ Subscription period: 10:00:00 on May 11, 2023 to 18:00:00 on May 11, 2023 (UTC)
👀 See details ⬇️ https://t.co/rYIt931j0T pic.twitter.com/G1lgWqolvp
The LMWR token sale opened on May 2 and allowed people from different countries to participate. Interested LMWR buyers got the option to purchase using major cryptocurrencies if they were non-US citizens. Meanwhile, American participants had the extra option of using their bank cards to join the public sale.
LimeWire was one of the most popular torrenting sites before. However, given the rise of blockchain technology, the team has rebranded to become a Web3-based creator platform.
Specifically, LimeWire aims to cater to artists and content creators to monetize their content and engage their fans in a more profitable and decentralized manner.