Overview Limelight is pioneering the fusion of music discovery with blockchain technology, creating the world’s first location-based platform where artists and fans connect in revolutionary ways. Since its inception in 2019, Limelight has grown to over 30,000 users from 80 different countries and has facilitated the upload of more than 10,000 songs. As we transition towards fully decentralizing the platform, we are enhancing our integration of blockchain to empower artists and engage fans more dynamically.

Current State of Limelight Limelight has been developing a robust platform leveraging location-based technology and AI-driven personalized music feeds. We are now taking a significant step forward by decentralizing our services to increase transparency and user governance. A key part of this evolution is introducing individual ARTIST/LMLT pairs on Uniswap, which will facilitate unique trading pairs for each artist’s tokens against Limelight’s native token ($LMLT), thus enhancing liquidity on the Arbitrum network.

Project Details

Integration with Uniswap This initiative aims to:

Establish a unique Uniswap pair for each artist participating in our platform, thus enhancing the liquidity and utility of both LMLT and the respective artist tokens.
Utilize Chainlink oracles to fetch accurate real-time streaming metrics to back the value of artist tokens, ensuring trustworthy and transparent token valuation.

Impact on the Uniswap Arbitrum Ecosystem The integration of Limelight's artist-specific tokens into Uniswap pools will:

Expand transaction volume and diversity, attracting a new user base from the music industry.
Enhance the overall utility and attractiveness of the Uniswap and Arbitrum networks through innovative use cases for tokenized assets.

Budget and Funding Allocation

50% Development and Chainlink Integration: Development of smart contracts for individual artist token bonding and Chainlink oracle integration.
30% Liquidity Pools and Uniswap Integration: Resources for establishing and maintaining individual liquidity pools for each artist token.
20% Marketing and User Acquisition: Budget for promotional campaigns to attract and educate new users about Limelight’s innovative nested token system.

Requested Funding Amount $250,000

Team Members

Bilal Khalid: CEO/Founder - Leading blockchain integration and strategic development.
Eli Cavan: Data Scientist - Optimizing our AI-driven music recommendation engine.
Will: CTO - Managing technical development, specializing in blockchain and smart contracts.
Charlie Walk: Advisor - Providing strategic insights and industry expertise.

Project Milestones and Roadmap

Q1-Q2 2024: Complete development of the nested token system with Chainlink integration for each artist.
Q3 2024: Implement and test each unique artist token pair on the testnet, gathering user feedback and conducting stress tests.
Q4 2024: Official launch on the mainnet, accompanied by a comprehensive marketing campaign to drive adoption and liquidity.