Viberate (VIB) is a cryptocurrency project operating on the Ethereum (ETH) blockchain. This project, which serves in the music industry, aims to meet all the components in the industry with quality. The Viberate team wants to launch a platform that will reshape the global music market. It is underlined that this platform will support people who aim to pursue a career in the field of music. Throughout this content, we will talk about the Viberate platform and what it brings to the ecosystem. We will also share some data about the platform’s own cryptocurrency VIB tokens.
“Take your music career to the top!” this phrase is one of the slogans used on the website of the Viberate team. The platform developed by the team has the qualifications to enable users to develop careers in the music industry. The most valuable altcoin Ethereum (ETH) traded in the crypto money market, as it is known, allows the existence of many projects on its main network. Entrepreneurs can bring new projects to life by using this network.
The Viberate project is one of the startups using the ETH network. It is also among the old projects that benefit from this network. Viberate, which can continue its activities thanks to its ETH network, has created a decentralized talent ecosystem. We see that artists, music lovers, talent discovery agencies and event organizers will coexist in this ecosystem. We can say that the live music industry is also the target of the platform. Stating that this industry has been dominated by several factors for many years, the Viberate team wanted to develop a platform that would make a difference. Noting that important artists in the industry are managed by only a few companies, Viberate promises freedom to musicians and other industry components. In this way, new talents who aim for a career in the field of music are also supported. Thus, it is possible for new talents to show their skills in front of music lovers. According to the innovative Viberate team, the current music industry is ready to undergo a major overhaul.
When Was Viberate (VIB) Launched?
We see that the innovative Viberate (VIB) project is an old attempt from the majority of existing cryptocurrencies in the market. The project, which was implemented in London, the capital city of England, managed to cover a great distance in a short time. Viberate, which has made an impact in the music industry, has tokens called VIB. These tokens are designed to be used in all transactions of the Viberate ecosystem. Matej Gregorcic stands out as the founder of the Viberate project. The project was implemented in 2016. After a long process, it was possible for the platform to get the functionality it has today. The Viberate team, which has fixed the problems it has experienced in the past, has continuously improved the platform by learning from its mistakes. Funds needed to be spent on the development of the project were obtained from various sales activities. After the token sale in 2017, close to half a million dollars of funds were collected. In this way, Viberate 2.0 platform started to serve its users. This platform is among those that are stated to be a very comprehensive and useful ecosystem.
It is stated that in the main ICO event held by the Viberate team, a total of 10 million dollars was invested. As a result of the detailed studies carried out within the scope of the project, the platform’s crypto money VIB tokens also managed to reach a large number of users. The founder of the project, Gregorcic, is an entrepreneur of Slovenian origin. This name, who could not prevent his passion for music with his two friends, gave life to the Viberate platform.
How Viberate (VIB) Works
The Viberate (VIB) platform has a structure that works both from business to business and from business to user. The platform, which attracts the attention of users with this feature, wants to leave its mark on the live music industry. According to the Viberate team, it is possible to integrate different areas into the ecosystem. Ticket sales are shown as one of these areas. Thanks to the ticket sales feature in the Viberate ecosystem, it has become possible to contribute to the income of musicians. Ticket sales service is one of the features that occurs from business to user.
Another of the possibilities that Viberate gives to users is about bulk sales. Music lovers can invite musicians they want to listen to by organizing such events. This action happens exactly as follows. Music lovers stake the platform’s cryptocurrency VIB tokens. When this rate exceeds a certain threshold, the Viberate team advertises on social media. Once enough funds are raised, tickets are sent to users. Thus, the artist finds an environment to exhibit his performance. As a result, all parties leave the process happily.
We can say that the biggest contribution of the platform to the industry is to bring musicians and event organizers together. Leveraging the possibilities of the Ethereum network, the Viberate platform secures the entire process using smart contracts. Moreover, it is possible for users on the platform to win prizes in VIB tokens by following some procedures. Thus, a kind of dynamism occurs on the platform.
Viberate (VIB) Price
The price of VIB tokens, the crypto money of the Viberate platform, is around $ 0.052, according to the current data obtained while preparing this content. VIB tokens hit the highest value of $0.69 so far. As of November 2021, VIB tokens recorded the lowest price of $0.012 in a year. According to the project’s introductory documents released by the Viberate team, it is unclear how much VIB tokens will be released in total. So there is no supply limit for this cryptocurrency. However, according to the latest data, we see that the number of VIB tokens in circulation is around 196 million.
Where to Buy Viberate (VIB)
VIB tokens, the crypto money of the Viberate ecosystem, reach users through certain exchanges. These exchanges include names like Binance, OKex, CoinDCX or Uniswap. Despite being a relatively old project, we see that Viberate tokens have failed to take place on many exchanges. This situation can be interpreted in various ways. Binance has trading pairs with BTC and ETH for VIB tokens.
