What is LimeWire (LMWR)?
LimeWire is a blockchain-based membership platform empowering content creators to form exclusive communities and profit from their work. Members can purchase subscriptions, gaining access to exclusive NFTs of videos, audio files, and articles created by their favorite content providers. The Ethereum-based ERC-20 LMWR token serves as the backbone of this ecosystem, allowing fans to earn rewards and participate in decisions related to platform enhancements. Notably, the LimeWire ownership-layer is currently based on the Algorand blockchain instead.
LMWR facilitates payments, rewards, and interactions on the platform. Users can utilize LMWR for discounts on subscriptions, tipping creators, direct messaging, and accessing paid posts. Additionally, creators can choose to receive earnings in LMWR, promoting a larger revenue share. LMWR also grants token holders the ability to participate actively in LimeWire's governance, including voting on the product roadmap and decisions of the LimeWire Foundation. The platform also provides its own LimeWire AI Studio - an AI driven engine which users can leverage to create amazing generative images, music, and audio. Learn more
How to Deposit LMWR Into Your Coinmetro Account
For all information on how to deposit LMWR into your Coinmetro account, please see the following help center article: How to Deposit LMWR.
As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
How to Withdraw LMWR From Your Coinmetro Account
For all information on how to withdraw LMWR from your Coinmetro account, please see the following help center article: How to Withdraw LMWR.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.