Slovenia-based crowd-sourced global live music ecosystem, Viberate is now preparing for its upcoming ICO of its platform to allow music artists to accept cryptocurrency payments from event organizers. The comprehensive database listing of artists and musicians on the Viberate platform makes it easy for organizers to sign up the right artist for any event.
All transactions on the blockchain-based Viberate platform are fueled by Vibe tokens, which will be offered to investors in an upcoming crowdsale, starting September 5th, 2017.
Unlike many ICOs in the market, Viberate already has the advantage of having a successfully implemented and fully-functional platform. Artists can join by adding their profile or by claiming an existing one.
Viberate is increasingly becoming more popular with the company reporting dozens of new users continuing to join the platform. British superstar Robbie Williams is among one of the many artists who’ve already claimed their profiles.
The platform, with the implementation of blockchain technology and its own cryptocurrency, aims to disrupt the artist booking industry by utilizing an online system that enables event organizers to book musicians with ETH, BTC, or Vibe tokens.
Offering a level playing field for all artists by providing visibility without bias, Viberate is looking to democratize the live music industry. The platform wants to promote and help local musicians and emerging bands by giving them the opportunity to realize their dreams. Except for the famous ones who are signed up with big talent agencies, over 80% of world’s musicians still don’t have an agent and Viberate wants to become everyone’s digital booking agent, much like Airbnb is everyone’s tourist agency.
Founded by a number of high-profile music industry names, including world-famous techno DJ UMEK, Viberate offers musicians of all backgrounds and caliber a chance to be represented fairly. Viberate will provide all musicians an opportunity to join its platform and earn cryptocurrency in exchange for their performances.
Viberate has set the total cap for Vibe tokens at 200 million, out of which 120 million will be made available for purchase during the upcoming public crowdsale. With a minimum investment goal of $1 million and a maximum investment cap of $12 million, the platform is offering a unique opportunity for the investor and cryptocurrency communities to buy into the innovative blockchain project.
All funds raised during the ICO will be held in a multi-sig wallet controlled by the team council. The team members and initial investors are fully devoted to the project and take great passion for participating in this live music revolution. That’s why all tokens allocated to the founders and team (16%), and investors (4%) will be reverse-vested for 24 months with monthly cliffs. The platform has set aside a portion of tokens (7%) for future partnerships as well.
At the same time, Viberate encourages community participation to fuel the platform’s growth. It has allocated 5% of the tokens to the bounty pool, intended to reward community efforts. The base price of Vibe token on the day of crowdsale is set at $0.1. The ICO will begin with a starting bonus of 12% and the price of ETH will be locked to the value of USD on the day of the launch.
To participate in the ICO, individuals can create a wallet on MyEtherWallet.com, Party or Mist.
ETH will then have to be sent to a designated address and tokens will be distributed immediately into one of the above-mentioned wallets. Due to security reasons, tokens will remain locked until the end of the crowd sale.
|Role of token:||Community rewarding, platform payments|
|Token supply:||200 million|
|Distributed in the crowdsale:||120 million (60%)|
|Initial value:||1 VIB = 0.1 USD|