Viberate

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Discover Viberate's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Viberate?

Viberate (VIB) is an Ethereum-based cryptocurrency that operates within a crowdsourced live music ecosystem. It connects musicians, fans, event organizers, and talent management agencies through a blockchain-based marketplace. The platform utilizes smart contracts to facilitate booking, payment, and other industry processes, aiming to solve long-standing issues faced by live performers.

How is Viberate used?

Viberate (VIB) is a cryptocurrency designed to be used within the music industry. It operates on the Ethereum blockchain and is the native token of the Viberate platform. The platform aims to create a decentralized ecosystem that connects musicians, fans, and event organizers in a seamless manner.

Key Uses of Viberate (VIB)
  1. Payment for Services:

    • VIB tokens are used as a means of payment within the Viberate platform. Users can purchase services such as booking fees and event tickets using VIB tokens. Musicians can also receive payments in VIB tokens for their services.
  2. Booking and Ticket Sales:

    • The platform offers a booking service for musicians and event organizers. Musicians can receive bookings and payments directly from event organizers without intermediaries, reducing costs and increasing transparency.
    • Fans can use VIB tokens to purchase tickets for live concerts and festivals.
  3. NFT Support:

  • Viberate helps artists issue and manage non-fungible tokens (NFTs). Artists can use these digital assets for special artwork, tracks, concert tickets, and other memorabilia, enabling new ways to connect with fans.
  1. Database and Analytics:

    • The platform provides a comprehensive database of musicians, event organizers, and venues. Users can search and sort this data by various criteria, and musicians can create profiles to showcase their work.
    • Viberate offers analytical tools and comparison capabilities, allowing musicians and event organizers to gain valuable insights into the industry and improve their decision-making.
  2. Rewards and Incentives:

    • Users who contribute to the platform, such as adding new artists or managing the database, can receive rewards from the VIB reward pool in the form of VIB tokens.

Overall, Viberate (VIB) is designed to facilitate transactions, payments, and interactions within the music industry, providing a more efficient, transparent, and fair system for all stakeholders involved.

How do I store Viberate?

To store Viberate (VIB) tokens, you have several options:

  1. Centralized Exchanges: You can store your VIB tokens on a centralized exchange like KuCoin, which provides access to various investment products and features such as spot and futures trading, staking, and lending.

  2. Crypto Wallets: You can use a crypto wallet like Atomic Wallet, which supports over 1000 coins and tokens, including Viberate. This wallet offers a private and secure way to manage your VIB tokens without requiring registration or KYC verification.

  3. Decentralized Exchanges (DEXs): If you prefer a more private and self-custodial approach, you can use a DEX like Changelly or Binance to store and manage your VIB tokens. These platforms allow you to maintain full control over your crypto assets.

  1. Web3 Wallets: You can also use web3 wallets, which are compatible with decentralized exchanges, to store and manage your VIB tokens. These wallets provide a secure and private way to manage your crypto assets.

Each option has its pros and cons, so it is essential to consider factors such as security, convenience, and fees before choosing the best method for storing your Viberate tokens.

How to buy Viberate?

To buy Viberate (VIB) tokens, follow these steps:

Buying Viberate (VIB) on a Centralized Exchange
  1. Choose a Centralized Exchange (CEX): Select a reliable and trustworthy crypto exchange that supports Viberate (VIB) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.

  2. Create an Account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.

  3. Verify Your Identity: Complete KYC verification, which may require government-issued identification documents. This step varies based on your nationality and region.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method. The information you need to provide may vary depending on your bank's security requirements.

  2. Buy Viberate (VIB): Use fiat currency to buy a popular cryptocurrency like USDT, and then exchange it for Viberate (VIB) if direct fiat-to-VIB purchases are not supported.

Buying Viberate (VIB) via a Crypto Wallet
  1. Choose a Crypto Wallet: Select a reliable and reputable crypto wallet that supports Viberate (VIB).

  2. Download the App: Download the wallet application to your device from the Google Play Store, App Store, or as a browser extension.

  3. Create a Wallet: Create a new wallet address or import an existing one. Make sure you write down the seed phrase and keep it in a secure place.

  1. Buy Viberate (VIB): Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than what exchanges charge.

  2. Swap for Viberate (VIB): If your wallet doesn’t support direct fiat-to-VIB purchases, you can first buy a more popular cryptocurrency like USDT and then exchange it for Viberate (VIB) through your crypto wallet or on a decentralized exchange.

Additional Options
  • Use a Multi-Asset Wallet: Manage your Viberate and other cryptocurrencies with a multi-asset wallet like Atomic Wallet, which supports over 1,000 coins and tokens.
  • Use a Crypto Exchange with OTC Trading: Many exchanges provide USDT over-the-counter (OTC) trading services, allowing you to buy USDT with fiat currency and then exchange it for Viberate (VIB).
Key Considerations
  • Fees: Check the fees associated with each method, as they may vary.
  • Security: Ensure you follow all security measures, such as enabling 2FA and storing your seed phrase securely.
  • Availability: Some exchanges or wallets may not be available in your country or area, so consult their customer service or check announcements before proceeding.
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History of Viberate

Viberate (VIB) is a cryptocurrency that was launched through an Initial Coin Offering (ICO) in September 2017. The project began as a decentralized database for the live music industry, aiming to connect musicians, event organizers, and fans on a single platform. The VIB token is the native cryptocurrency of the Viberate ecosystem, which operates on the Ethereum blockchain.

Before the ICO, the concept of Viberate was developed from the success of Topdeejays.com, a service that started in 2013. The founders, Matej Gregorcic, Vasja Veber, and Uros Umek, began creating Viberate in 2015. The platform went through several iterations, with Viberate 1.0 released in October 2016 and Viberate 2.0 launched in June 2017, which introduced the blockchain-based trading platform.

Viberate quickly gained popularity, with over 250,000 artist profiles, 2,000 booking agencies, 60,000 venues, and 500,000 events listed on the platform. The VIB token was used for transactions and payments within the ecosystem, and users could earn free VIB tokens by completing small tasks.

The token's price has fluctuated over time, reaching an all-time high of $0.714600 in January 2018. Despite this, Viberate continues to grow and evolve, with plans to add new functionalities such as ticket booking services and crowdfunding for performances.

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How Viberate works

Viberate (VIB) is a cryptocurrency designed to be used within the music industry. It operates on the Ethereum blockchain, providing a decentralized ecosystem that connects musicians, fans, and event organizers. The platform offers a variety of features and services, including a database of musicians, event organizers, and venues that can be searched and sorted by various criteria.

Key Features
  • Database and Search: The platform allows users to search and sort musicians, event organizers, and venues based on different criteria. This helps event organizers find suitable musicians and venues for their events, and fans can discover new music and upcoming events.
  • Booking Service: Viberate offers a booking service that enables musicians to receive bookings and payments directly from event organizers, reducing the need for intermediaries and increasing transparency in the process.
  • Payment and Transactions: The VIB token is used as a means of payment within the platform. Users can use VIB tokens to purchase services such as booking fees and event tickets. Musicians can also receive payments in VIB tokens for their services, reducing transaction costs and providing a more efficient and secure means of payment.
  • NFT Support: Viberate allows artists to issue and manage non-fungible tokens (NFTs), which can be used for special artwork, tracks, concert tickets, and other memorabilia. This enables artists to connect with fans in new and exciting ways.
  • Incentives and Rewards: Users of the Viberate platform can earn rewards from a daily VIB bounty pool based on their activity, such as adding to the database, maintaining listings, and referring friends.
How It Works
  1. User Interaction: Users interact with the platform using the VIB token, which is an ERC-20 token on the Ethereum blockchain.
  2. Database Updates: The database is updated by users, who are incentivized with VIB tokens for their contributions.
  3. Smart Contracts: Smart contracts are used to hold fees and payments in escrow, ensuring secure and transparent transactions.
  4. Booking and Payment: Event organizers can use the platform to book musicians and venues, with payments made in VIB tokens. Musicians can receive payments directly, reducing the need for intermediaries.

Overall, Viberate aims to revolutionize the music industry by providing a more transparent, efficient, and fair system for musicians, fans, and event organizers.

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Viberate's strengths

The token Viberate (VIB) has several strengths that contribute to its potential as a promising investment opportunity:

  1. Decentralized Platform: Viberate operates as a decentralized artist ecosystem and marketplace, leveraging blockchain technology to provide a variety of features and services to entertainers and industry professionals.

  2. Crowdsourced Ecosystem: Viberate is a crowdsourced database that allows users to add new artists, providing an organized platform for musicians, event organizers, and fans to interact and access important information about the music industry.

  3. Utility Token: VIB is the utility token of the Viberate network, enabling users to interact with the platform's features. It has a circulating supply of 180 million tokens out of a total supply of 200 million.

  1. NFT Support: Viberate allows artists to issue and manage non-fungible tokens (NFTs), which can be used for special artwork, tracks, concert tickets, and other memorabilia, providing new ways for artists to connect with fans.

  2. Career Health Metric: The platform introduces a career health metric that provides users with a quick way to compare acts, leveraging powerful analytics that break down audiences into age, gender, and country.

  3. Easy-to-Navigate Interface: Viberate features an easy-to-navigate interface that enables anyone to sort, compare, and review artists and venue ratings, making it accessible to a wide range of users.

  1. Potential for Growth: Long-term price predictions suggest significant value appreciation in the future, positioning Viberate as a promising investment opportunity with growth potential over the next decade.

These strengths highlight Viberate's innovative approach to the music industry and its potential for growth and adoption.

Viberate's risks

Viberate (VIB) is a cryptocurrency that operates on the Ethereum blockchain, providing a decentralized artist ecosystem and marketplace. While VIB is considered a relatively low-risk investment, there are still several financial risks associated with it:

  1. Market Volatility: Cryptocurrencies are known for their high volatility, and VIB is no exception. Market fluctuations can result in significant price changes, affecting the value of investments.

  2. Regulatory Risks: Changes in regulatory policies or laws can impact the use and adoption of VIB, potentially affecting its value.

  3. Security Risks: As with any blockchain-based project, there is a risk of security breaches or hacking incidents that could compromise the integrity of the network and the value of VIB.

  1. Competition: The cryptocurrency market is highly competitive, and VIB faces competition from other projects offering similar services. If VIB fails to innovate or maintain its competitive edge, its value could be negatively impacted.

  2. Adoption and User Base: The success of VIB depends on its ability to attract and retain users. If the platform fails to gain traction or if users lose interest, the value of VIB could decline.

  3. Technical Issues: Technical problems or bugs within the Viberate platform could lead to disruptions in service, negatively impacting the value of VIB.

  1. Liquidity Risks: Low liquidity can make it difficult to buy or sell VIB quickly, potentially resulting in significant losses.

Investors should carefully consider these risks and their own risk tolerance before investing in Viberate (VIB).

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Did Viberate raise funds?

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Viberate’s team

  • Matej Gregorcic: CEO and co-founder, with a background in marketing and extensive experience in the music industry. He also co-founded the blockchain commerce platform Eligma.
  • Vasja Veber: Co-founder and CBDO, with over 10 years of experience in the music industry. He is also the manager of Uroš Umek and handles the business side of Viberate.
  • Uroš Umek (DJ Umek): Co-founder, ambassador, and a renowned techno DJ and producer. He is credited with kickstarting Slovenia’s techno music scene.
  • Dejan Roljič: Co-founder and Head of Investor Relations, involved in the company's funding and investment activities.
  • Bostjan Zakelj, Rok Bavec, and Rok Babic: Slovenian developers who handle the technical side of the project.

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