- File transfer platform LimeWire has integrated PEPE as one of the payment methods for LMWR.
- The protocol previously integrated XRP to re-align its crypto focus.
In what seems like a trend amongst several top cryptocurrency exchanges, file-sharing firm LimeWire has integrated PEPE on its platform alongside other top digital currencies. As revealed, the memecoin was listed as a payment method for the sales of the protocol’s cryptocurrency token (LMWR) and this may be extended to other payment operations.
In a tweet made earlier this week, LimeWire sought the opinion of the public on listing PEPE as a payment method for the public sales of LMWR. The firm requested 300 retweets as a concession on the part of the public and ended up getting more than that before the end of the day.
Calling the @Ripple community today! ☎️
Should we integrate $XRP as a payment method for the ongoing public sale of our #LMWR Token?
300 Retweets and $XRP will be live on our platform tomorrow! pic.twitter.com/PE374gUn4z
— LimeWire (@limewire) May 6, 2023
Apart from PEPE, LimeWire also integrated Dogecoin (DOGE), Cardano (ADA), Ripple’s XRP, Polygon (MATIC), and Ethereum (ETH). The once-controversial peer-to-peer file-sharing platform had considered XRP as a payment method for some time now. LimeWire adopted the same strategy for PEPE to gain support from the Ripple community over XRP and for other cryptos as well.
Calling the Ripple community today! Should we integrate XRP as a payment method for the ongoing public sale of our LMWR Token? 300 retweets and XRP will be live on our platform tomorrow!
Consequently, LimeWire customers have the option of choosing from a wide variety of cryptocurrencies including ETH, USD Coin (USDC), Tether (USDT), Bitcoin (BTC), Binance Coin (BNB), Algorand (ALGO), Pepe (PEPE), DOGE, MATIC and ADA to complete their purchase of LMWR.
Speaking of LMWR, LimeWire explained that the token will have several use cases in the ecosystem as time progresses. It would be used as token rewards for loyalty and activity, community voting rights, and creator royalties amongst many other purposes. At the end of the public token sales, it would then be listed on at least four unnamed crypto exchanges. The content creation platform stated;
LMWR will be deeply integrated into all aspects of the LimeWire platform. Perks range from token rewards in exchange for loyalty and activity, to community voting rights and discounts all the way to royalty distribution,”
PEPE Gained Significant Attention Amongst Investors
Just like LimeWire, leading cryptocurrency exchange Binance listed PEPE together with Shiba Inu in its Innovation Zone amidst public hype. Binance also announced plans to list two spot trading pairs PEPE/USDT, PEPE/TUSD.
Cryptocurrency derivatives exchange BitMEX has also integrated the cartoon-characterized memecoin.
At the same time, many netizens still have liquidity concerns about PEPE, fearing that its end may come sooner than expected. It is perceived as a high-risk coin with limited supply. However, the memecoin has grown tremendously since it started making waves. So far, over a 2000 percent increase has been witnessed in this short while.
Meanwhile, PEPE investors are beginning to turn towards the next potential big thing in the crypto space, Script Network (SCPT). This new investment project is still in the presale stage but investors have begun to do due diligence and are plunging their profits for PEPE into SCPT.
