Announcing the first $LMWR Burn Program

Announcing the first $LMWR Burn Program

LimeWire will launch it's first $LMWR burn program on November 15th this year to burn 165M unallocated tokens from our Artist Fund & Advisory pool allocations over a 6-month period.

The total amount of tokens burned by April 15th will represent about 17.5% of the total supply of $LMWR.

Why we introduce the $LMWR burn program

The goal of the first $LMWR burn program is to strengthen the community of current $LMWR holders and at the same time reduce the supply of LimeWire-controlled token allocations that we are not planning to use in the future.

Over the next 6 months, the total maximum supply of $LMWR will be reduced from 938,045,267 $LMWR to 773,045,267 $LMWR, representing a 17.5% decrease of the total supply of LimeWire tokens.

Burn Allocations

Artist Fund - 130M $LMWR

No tokens from our 130M artist fund allocation have been given out so far and since LimeWire recently placed a big focus on AI-generated content, we do not anticipate a need for this token pool in the future. We will therefore burn the entire allocation over the coming 6 months.

Potential future artist partnerships that involve token grants will be compensated directly from our treasury allocation.

Advisory Pool - 35M $LMWR

Out of 40 million $LMWR originally allocated to our advisory pool, only about 3 million tokens have been allocated to our advisors. We are holding back 2 million $LMWR for potential future LimeWire advisors and will burn the remaining 35 million tokens.

Burn Schedule

We are planning to burn a total of 165 million tokens over the coming 6 months, representing about 17.5% of the total supply of $LMWR.

1st burn event: November 15th, 2023 (Completed)

Advisory Pool: 5,833,333 $LMWR to burn

Artist Fund: 21,666,666 $LMWR to burn

Total to burn: 27,500,000 $LMWR


2nd burn event: December 15th, 2023 (Completed)

Advisory Pool: 5,833,333 $LMWR to burn

Artist Fund: 21,666,666 $LMWR to burn

Total to burn: 27,500,000 $LMWR


3rd burn event: January 15th, 2024 (Completed)

Advisory Pool: 5,833,333 $LMWR to burn

Artist Fund: 21,666,666 $LMWR to burn

Total to burn: 27,500,000 $LMWR


4th burn event: February 15th, 2024 (Completed)

Advisory Pool: 5,833,333 $LMWR to burn

Artist Fund: 21,666,666 $LMWR to burn

Total to burn: 27,500,000 $LMWR


5th burn event: March 15th, 2024 (Completed)

Advisory Pool: 5,833,333 $LMWR to burn

Artist Fund: 21,666,666 $LMWR to burn

Total to burn: 27,500,000 $LMWR


6th burn event: April 15th, 2024 (Pending)

Advisory Pool: 5,833,333 $LMWR to burn

Artist Fund: 21,666,666 $LMWR to burn

Total to burn: 27,500,000 $LMWR