LimeWire

Halal Rating :
Comfortable
Last Price $0.24 Last updated:
Rank 542
1D Change -2.52 %
Market Cap $75.37m
Circulating supply 319,497,127
Maximum supply 633,045,269
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Communications & Social Media
  • AI & Big Data
  • Content Creation
  • Music
  • Sharing Economy
  • Ethereum Ecosystem
  • XRP Ecosystem
  • Algorand Ecosystem
  • Arrington XRP Capital Portfolio
  • Polygon Ecosystem
  • Cardano Ecosystem
  • Web3
  • Generative AI
  • Base Ecosystem

Overview

LimeWire has been relaunched as a Web3 platform, transforming from its previous identity as a file-sharing service. The LMWR token serves as the platform's native cryptocurrency, primarily focused on NFT trading and digital content creation.

Purpose and Utility

The LMWR token is designed to facilitate transactions within the LimeWire ecosystem, primarily for NFT trading and content creator monetization. Token holders can participate in platform governance, receive rewards, and access exclusive features.

Business Model

The platform focuses on legitimate digital content trading and NFT marketplace operations. The business model appears transparent and doesn't involve inherently prohibited activities like interest-based lending or gambling.

Platform Development and Adoption

LimeWire has established partnerships with various artists and content creators. The platform shows regular development activity and updates to its NFT marketplace infrastructure.

Token Distribution and Governance

The token distribution includes allocations for community rewards, development, and team members. There are vesting schedules in place for team tokens to prevent immediate selling pressure.

Revenue Model

Revenue is generated through marketplace fees from NFT transactions and content creator services, which aligns with permissible business practices in Islamic finance.

Crypto Impact

To assign a comfort level investing in LimeWire from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to LimeWire.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Contribute