What is LimeWire (LMWR)?

LimeWire: From File Sharing to Web3 × AI Ecosystem

(Source:@limewire)

The relaunch of LimeWire is not simply a reproduction of past successes, but rather focuses on AI × blockchain × decentralized computing power, creating two major innovative platforms:

1.LimeWire AI Platform: A New Era of Creation
This platform combines LimeWire's professional file handling capabilities with generative AI tools, allowing users to:

• Upload, store, and share files of any size across devices.
• Collaborate using AI tools for content creation and editing.
• Receive platform rewards during the creation process (must hold and use LMWR)

This is an all-in-one toolbox designed for digital creators. Whether you are a musician, designer, or content creator, you can unleash your creative potential through the LimeWire AI platform.

2. Blocknode by LimeWire: DePIN × GPU Market
Training and deploying AI models requires a significant amount of computing power, and Blocknode is a decentralized GPU infrastructure market (DePIN). This platform addresses the following issues:

• Small AI projects cannot bear the high cost of GPUs.
• Large enterprises often waste GPU resources idly.
• Decentralized markets can match resource demand and supply, achieving efficient utilization.

Blocknode provides enterprise-level GPU instance leasing and usage, allowing resource providers to earn income through GPU rentals, while developers and AI teams can acquire efficient computing power at a lower cost.

LimeWire's token economics

The initial total supply of LMWR is 1 billion pieces (1,000,000,000 LMWR). Through the ongoing token burn program, according to official data released, as of July 2024, the total supply has decreased to 633,045,269 pieces, which is designed to be deflationary, benefiting the long-term value maintenance of the token. Its token distribution structure is as follows:

• Token Burns - 36.7%
  It is expected that more than one-third of the token supply will be destroyed to control the total circulation and achieve a deflationary effect, thereby enhancing the token's value and scarcity. This is the largest portion of the overall token distribution.

• Token Sales (Private and Public Sales) - 23.8%
  Allocated to investors participating in private placements and public offerings for early-stage fundraising for the project, this portion will be subject to certain unlocking periods and phased release plans.

• Team - 14%
  Allocated to the core development team and contributors as a reward for their long-term participation and commitment, typically with a linear release period to avoid short-term selling.

• Community Rewards - 10%
  Airdrops for community contributors, participation rewards for activities, and ecological promotion to incentivize user participation and enhance community engagement.

• Treasury - 10%
  Tokens held in the project treasury, used to support future development, operations, partnerships, and unexpected expenses, may be allocated for specific purposes through governance mechanisms.

• Liquidity Provision - 5%
  Used to establish initial liquidity for trading pairs, such as token pools on DEX or CEX, ensuring that LMWR can trade and circulate stably.

• Advisors - 0.5%
  Allocated to strategic advisors and industry experts as compensation for their assistance in project development and market strategy, this portion is relatively small.

(Source: lmwr.com)

The purpose and mechanism of LMWR

LMWR is the core fuel of the entire LimeWire ecosystem, with multiple uses:

• Payment and Transaction Medium: Users can use LMWR to pay for service fees on the platform, including the use of AI tools, file storage, GPU leasing, and more.
• Reward Token: Creators and active users can earn LMWR rewards through content contributions and participation.
• Staking: Users can stake LMWR in multiple decentralized Web3 Staking Pools to earn extra rewards.
• Cross-chain functionality: LMWR has been deployed on three chains: Ethereum, BNB Chain, and Coinbase L2 Base, supporting multi-chain transfers and transactions, expanding ecological accessibility and liquidity.

The security and transparency of LimeWire

The LMWR contract has been audited by the blockchain security giant CERTIK and ranks in the top 10% of secure tokens in the global cryptocurrency space, demonstrating a solid foundation in security. Additionally, LMWR supports on-chain query tools such as Etherscan, BscScan, and BaseScan, achieving complete information transparency.

Start LMWR spot trading immediately:https://www.gate.com/trade/LMWR_USDT

Summary

LimeWire once again proves that it is not just a nostalgic return, but rather a platform built on truly innovative AI × Web3 technology stack for content production, sharing, and computational resource collaboration in a new era. LMWR is the passport to this new world. LimeWire breaks through the barriers with AI-generated content tools and the concept of DePIN, making the digital collaboration revolution initiated by LimeWire worthy of attention for creators, developers, and ordinary users alike.