As of today, Viberate, the blockchain-based music and live event platform had its native VIB token listed for trading on cryptocurrency exchange Livecoin.net. VIB is the main cryptocurrency of the Viberate platform.
“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 of the Slovenian-based company. According to Veber, bigger exchanges “will soon follow”.
As already reported, Viberate recently set a record as one of the fastest token crowdsales to date, raising USD $10.7 million dollars in under five minutes.
Where musicians meet organizers
In its essence, Viberate is a platform that aims to bring together the entire live music ecosystem. Currently, it acts as an “IMDB for live music”, where profiles are ranked according to their online popularity. At the moment, platform lists more than 130,000 profiles of musicians, created by over 50,000 contributors to the site.
Funds, raised in September’s token crowdsale, will be used to upgrade and extend the platform with blockchain features. “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, namely the Vibes as well as Ether” Veber explains.
“We know how to execute on time”
The company has worked with prominent advisors during the crowdfunding campaign, including Charlie Shrem, who is widely regarded as one the most visible member of the global Bitcoin community. “Music industry is set for disruption. And this is where Viberate comes into play,” Veber believes.
Veber attributes a large chunk of Viberate’s recent success to their “proven ability to execute on time”. He 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.”
According to Veber, they will soon launch booking agency profiles and introduce the first version of their rewarding program for contributors. “If you don’t have any Vibes yet, you will soon have a chance to earn some by helping the platform grow.”