Cardano’s native cryptocurrency, ADA, has been formally adopted by LimeWire as a method of payment for its ongoing token sale. A message from LimeWire’s Twitter account asking if they should include ADA as a payment option was used to make the news. After the tweet received more than the required 300 retweets—roughly 1,500—LimeWire announced that ADA would soon go live on the platform.
The decision has been well received by the Cardano community, who see it as a chance to broaden the use case for ADA. Rick McCracken from the community even inquired as to whether LimeWire intended to include ADA into its main platform, to which LimeWire gave a positive answer.
What is LimeWire?
LimeWire is a direct-to-fan membership model that enables content producers to bring in regular income. Enjoying exclusive content, interacting with their favourite brands and artists, and joining private communities are all benefits for fans. LimeWire uses blockchain technology to enable fans to own and trade distinctive material and assets, giving them a chance to share in the success of the artists.
The LimeWire utility token (LMWR), which offers a variety of perks and incentives through a gamified loyalty system, improves the user experience. By being active and devoted, users may earn LMWR, which can subsequently be utilised for voting, prizes, and royalty distribution. The cryptocurrency is incorporated into every facet of the site, encouraging user interaction and engagement.
