Viberate is a platform that connects the whole of live music ecosystem in one convenient place. On this live platform, profiles of musicians and music groups are ranked on the basis of their online popularity. The popularity of a music group is measured by their social media stats updated daily on various social media channels, the content created recently, gig dates and contacts.
Viberate stands apart from others as it is a totally user-generated platform where anyone can add new profiles or curate existing ones. The platform now makes use of the blockchain technology to allow musicians and reward contributors. Musicians, especially the budding artists, can make use of Viberate as their personal booking agent. VIB is the abbreviation for the token associated with Viberate.
Viberate wants to make use of its Ethereum-powered platform to create a marketplace for industry associated with live music. It can be used for contracting musicians and selling tickets for events that will be performed live. This can be achieved by using the Smart Contracts technology. Many small and budding artists and performers are denied the chance to showcase their talents on a popular platform primarily because they cannot afford the cost of hiring large booking agencies. Without the support of any agency representation, they are forced to spend their time on routine administrative tasks that eat into their creative time.
Viberate is not just for artists and musicians. Even event organizers can use the platform to discover talents that can fill their lineup like a professional. They are spared the hassle of constantly hunting for talented artists and musicians to perform alongside big names. When they choose artists from Viberate, they can be sure of the quality of talent. Importantly, they won’t have to deal with poor performances and no-shows. The marketplace will be serving key groups like musicians, venues, events, organizers, and fans.
The VIB token that Viberate will create will serve several functions. 5 percent of the coins will be used for incentivizing the contribution of the user. Those creating new profiles or updating existing ones will be appropriately awarded VIB tokens. Smart contracts will allow organizer and the artists to negotiate multiple payment options. When artists are booked from here, Viberate will collect a specific service fee. The tokens will also be used for purchasing tickets and merchandize.
The total number of VIB supplied is 200,000,000 of which 160,966,468 VIB are in circulation. The market cap of VIB is $29,171,792. The currency is being traded at $0.1812.
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