Category Archives: Viberate (VIBE)
After Viberate, a blockchain platform for live music, raised 10.7 million dollars in under five minutes, the Vibe token will be unlocked and listed on the first exchange, starting October 6.
“Based on numerous questions regarding the first listing, we believe this is one of the most anticipated coins in 2017. We can’t wait to see how the market will respond,” said Vasja Veber, cofounder and COO. Veber expects that other – also bigger – exchanges will follow which means many more people will get the opportunity to acquire Viberate’s tokens for the live music industry.
The Vibe token will be used to reward contributors, pay for artists’ fees, buy tickets and other activities that will gradually become an integral part of the platform. Viberate.com currently works as IMDB for live music, where profiles are ranked according to their online popularity.
It already has more than 130,000 profiles of musicians as well as around 50 thousand venue pages. Funds, raised via token crowdsale, will be used to upgrade and extend the platform with blockchain features, allowing Viberate to become a comprehensive solution for live music industry.
Next steps in the development process include introductions of a booking agency profile directory and a first version of Viberate’s rewarding program for contributors. “If you do not have any Vibes yet, you will soon have a chance to earn some by helping the platform grow,” Veber explains.
He also adds: “As far as our work goes, we will stick to the plan and keep meeting deadlines, regardless of the price movement. Our development plans can’t be distracted by anything, which shouldn’t be a problem, since most of our own tokens are vested anyway.”
Viberate, a decentralized marketplace platform for live music industry, has successfully completed its Vibe token crowdsale in record time of 4 minutes and 42 seconds. A Slovenian-based team has reached its goal raising a full amount by selling 120 million Vibes. Tokens will be listed on LiveCoin.net starting October 6, 2017.
Viberate has officially joined some of the most successful crypto projects to date, receiving a vast support from all over the world. “We now have another validation that we are on the right track. However, this is still just another milestone achieved. There is a lot of work ahead of us, but – as promised – we will keep on delivering,” said CEO Matej Gregorčič.
The crowdsale raised more than 10 million dollars, selling the total planned amount of Vibe tokens – 120 million. Tokens will be delivered to contributors immediately and become available after the official end of ICO on October 5, 2017. On the next day (October 6, 2017) Vibes will already start trading; the first exchange to list the token is LiveCoin.net, Gregorčič announced. “This way all latecomers will get the opportunity to buy the tokens,” he added.
Viberate crowdsale has been one of the fastest and most anticipated to date. “People have seen that Viberate already has value and a Viberate community covering our backs. That is probably refreshing to see in the ICO world,” Gregorčič explains.
The crowdsale has been launched from company’s offices with a special set from world famous DJ Umek who is also a co-founder and a celebrity ambassador. The performance – also attended by high profile advisors Dejan Roljić, CEO and cofounder of ABC accelerator, and Mark Pleško, CEO and cofounder of Cosylab – has been live streamed on Facebook and it can be viewed here.
What is Viberate
Viberate is a platform that brings together the entire live music ecosystem. Currently it works as IMDB for live music, where profiles are ranked according to their online popularity. It already has more than 130,000 profiles of musicians, created by over 50,000 different contributors to the site.
Funds, raised in today’s token crowdsale, will be used to upgrade and extend the platform with blockchain features, allowing Viberate to become a comprehensive solution for live music industry. It will primarily act as a gig-booking platform between musicians and event organizers where stakeholders will be able to pay and be paid in cryptocurrencies, Vibes as well as Ether.
Supported by the European Commission’s “Music Moves Europe” initiative as well as the Slovenian Ministry of Economic Development and Technology, additionally being advised by Charlie Shrem and Stanford professor / Pinterest Chief Scientist – Dr. Jure Leskovec, Viberate is bound to disrupt the global live music market.
Unlike many music-related projects on the Ethereum platform, Viberate does not operate in the recorded music sector. Instead, the founders are focusing on the live music market, an industry they have been living and breathing for the past 15 years. They are a group of music executives and creatives, including one of world’s biggest techno DJs and producers, UMEK. Their goal is to solve problems the live music market has been dealing with for decades.
Viberate’s end game is to offer any musician on the planet the opportunity to open a profile for free and start offering gigs to event organizers in exchange for crypto coins such as Bitcoin, Ether, or their very own Vibe.
The service is already live as some kind of “IMDb for musicians,” with over 120 thousand profiles of artists from all genres. Musicians can add their profiles or claim an existing one. Among those who claimed their official profiles are Robbie Williams and Linkin Park, so the service has already received some recognition from big names.
Viberate will offer its Vibe token in a public crowdsale to fund the implementation of marketplace and blockchain features onto the existing platform. Tokens will then be used to reward those who will contribute to the growth of the service by adding new profiles or curating existing ones. Aside from trading, Vibe token holders will be able to book musicians for events via Viberate. The founders aim for the Vibe token to become the go-to digital currency for the live music industry.
More information about the crowdsale: www.viberate.io