LimeWire is the first Web3 platform for artists, brands and content creators that has created a circular economy, between artists and fans, based on blockchain, NFTs and tokens.
LimeWire was one of the most widely used file-sharing software in the 2000s. At its peak, the platform had more than 50 million active users, who shared all kinds of content over a P2P network.
Today, LimeWire has evolved into a platform that uses blockchain technology, NFTs, and tokens to offer subscribers the ability to own, trade and monetize exclusive content.
LimeWire has become a platform where creators, artists and brands can create membership-based communities and share your content with your followers.
These, at the same time, are not only owners of the content, but can obtain benefits, either by selling it in a third-party market, or by viewing it on "Pay per View" platforms (pay per view). .
LimeWire's goal is to create a circular economy where creators get recurring income and subscribers a way to make money from their subscribers.
The LimeWire Team
Paul and Julian Zehetmayr are leading entrepreneurs (Co-CEOs) who have successfully launched and sold several technology companies including Eversign, APILayer and invoicely.
Marcus Feistl is the chief operating officer (COO) and has extensive experience in Tier1 consultancies (Boston Consulting Group) and leading companies in the crypto world (Bitpanda).
In addition, LimeWire has a team of top-level mentors, such as:
- Tareef Michael (General Manager WU Music Group).
- Yann Pissenem (founder and CEO Ushuaia Ibiza).
- Jeanine McLean (HER manager and former manager of Alicia Keys).
- George Howard (Arts Advisor at Algorand).
What is the vision of LimeWire?
limewire wants boost the creator economy of content by developing a decentralized and community-based platform.
The project is designed to scale as a 360 ecosystem based on the LMWR token, which will have uses as ownership enforcement and platform governance.
To bring this vision to life, LimeWire has mapped out five steps:
- Launch the subscriber platform.
- Launch the LMWR token.
- Activate rewards with LMWR.
- Establish new use cases for the token.
- Implement a monetizable Pay-Per-View system.
What problems does LimeWire solve?
LimeWire offers a solution to the main problems of content creator platforms:
- Trademarks: Most content creator platforms have focused on adult content, while a few offer tools for creators in specific niches. The current market does not have general or neutral content platforms, in which global brands, artists or content creators of all kinds can participate.
- Technology: Most of the platforms of this type do not offer a good user experience, neither for the followers nor for the creators. They offer few forms of payment and require the use of external hosting services for the content (especially for the video). This is time consuming and poses a security risk (makes it easy to hack). LimeWire offers an easy-to-use, all-in-one platform where creators can manage their community, store their content securely without giving up control, while allowing users to choose from a wide variety of payment methods (both fiat and crypto).
- Intellectual: Content platforms only allow subscribers to view content from the creators they support. LimeWire believes that users who financially support creators should not only have access to exclusive content, but ownership of it.
As it does?
- Accessibility: LimeWire has a very simple interface, unique functionalities for creators and subscribers, as well as a wide variety of payment methods (in fiat and in the main cryptocurrencies). The platform uses blockchain technology, but with a Web2 interface, making it easy for people with no Web3 experience to use. LimeWire combines the accessibility of Web2 with the innovation and ownership benefits of Web3.
- Intellectual: LimeWire offers subscribers access to exclusive content, as well as the possibility of owning each of the pieces that the creators publish on the platform. Subscribers receive one NFT for each piece, which unlocks access to and possession of each one. This feature unlocks a number of opportunities, such as the ability to sell content on third-party marketplaces and earn royalties from Pay Per View systems.
LimeWire Ecosystem
The LimeWire ecosystem is built on five pillars: LimeWire Foundation, LimeWire Originals, fans and token holders, creators, and LimeWire Subscriptions.
- Lime Wire Subscriptions: Platform that allows artists, brands and creators to establish subscription communities based on exclusive content. The platform allows you to distribute premium content in the form of video, audio, text or images to subscribers. The subscription can be paid monthly or annually (with fiat money or tokens), but it is also possible to access through NFT or by possession of tokens.
- Users can subscribe to communities and get exclusive content, access direct message threads with creators, communicate with other members, and get drops (limited content).
- LimeWire is a 2.5 platform, which combines the best of Web3 and Web2. It is developed on technologies such as Algorand, Fireblocks or Tatum. It is also a multi-chain platform, so it allows the use of native NFTs from Algorand, Ethereum and Polygon.
- LimeWire Originals: It is the most exclusive community of LimeWire. It is a collection of 10.000 NFT avatars (based on Ethereum) that are sold in “packs” of 1.000 on a regular basis (since mid-2022), allowing control of the supply, while reinforcing its usefulness. Users who have an Original have access to “Pro” accounts, the possibility of claim rewards in LMWR for each NFT they own and access to physical events.
- Originals Community Feed: Subscriber community for NFT Originals holders featuring LimeWire-curated content from a selection of artists, released as NFTs each month. This content can be unreleased songs, exclusive interviews and videos, behind-the-scenes content, live experiences, discounts or NFT airdrops from one of LimeWire's partners.
- Lime Wire Foundation: The LimeWire Foundation is in charge of overseeing the Ecosystem Fund and the LimeWire Token Treasury allocations. It is an essential part of the decentralization of the project. The foundation is responsible for paying the rewards in LMWR, distributing the grants to the artists and reinvesting LMWR in the ecosystem so that the project continues to grow, always under the guidance of the community.
- The foundation is also in charge of redistributing the benefits of the Pay-Per-View system, since subscribers will receive the rewards in LMWR tokens. The foundation buys the tokens on the marketplace and distributes them to subscribers as payment for views of their content.
- A portion of LimeWire's governance decisions (new features, content curation, new artists, or general governance discussions) will be open to the community, who will be able to exercise voting rights using their LMWR tokens.
What is the LMWR token?
LMWR is a utility token ERC-20 designed to be the heart of the ecosystem and facilitate the user experience.
The LMWR token has a supply total of 1.000.000.000 (billion) and is designed not to suffer inflation, since the maximum supply cannot be increased.
The main use cases of the LMWR token are:
- Loyalty and benefits: loyalty program and benefits for LMWR holders. Users are divided into 3 Tiers, based on the tokens they own. Each Tier has some benefits, rewards, voting power and access to NFT airdrops.
- Payments and rewards: The LMWR token will offer a gamified and interactive experience. Users will be able to use the tokens across the platform to pay creators, send direct messages, pay for subscriptions, or access VIP content. On the other hand, creators can receive their income in tokens or in fiat money (USD). A rewards system is also being developed that will return part of their tokens to subscribers and content creators as a system to encourage activity.
- LimeWire will have a rewards program for the most active creators on the platform, as well as for the subscribers who comment the most and for all those who report content that violates the community guidelines.
- Governance and decentralization: the LMWR token allows users to actively participate in the governance of the platform.
- Once the Pay-per-View functionality is implemented, which will allow non-registered users to be charged for viewing exclusive content, the benefits will be accumulated and redistributed among all subscribers who own that content as NFTs. This system creates an automatic token repurchase flow.
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