If you are trying to avoid the hassle involving crypto exchanges, you will be happy to hear that Viberate has just made it very easy to receive VIB tokens. They have introduced a rewarding mechanism, allowing anybody to earn crypto in return for curating profiles on their live music platform.
Viberate made waves this September, when they raised 10.7 million dollars in an ICO, becoming one of the most successful crowdfunding campaigns to date. Since then, the company has been implementing new services according to the plan; the latest one is their long-awaited rewarding system.
The mechanism will reward everybody who curates their database of musicians, venues and event organizers (adding or editing profiles) or promotes the platform to the outside world. For more information regarding the listed activities, you can check
Vasja Veber, COO and cofounder of the Slovenian-based company, claims:
“Investing a 1.2 million dollars’ worth of tokens to repay our contributors’ efforts not only means that some of them will be able to quit their day jobs, but also gives our token the utility value not a lot of blockchain projects have”
For 2,000 days, money will be evenly distributed among the contributors, which translates to 5,000 VIB tokens daily. It is worth pointing out that the token, inherent to
Viberate’s ecosystem, is already listed on five crypto exchanges, including Binance and Bittrex, while additional solutions for an even wider token adoption are underway. Viberate has just announced that supporters will “very soon” be able to purchase VIB tokens using only their credit cards via Changelly as well as start using the popular Jaxx wallet.
Veber explained the reasoning behind the solution:
“Our research shows that more than a half of Viberate’s users participates in co-creating and promoting the platform out of pure enthusiasm for the company’s vision and their love of music. Since users play a crucial role in helping us change the music industry, we want to reward them for their efforts, as they are actually a part of the team. Moreover, the Viberate points of our existing contributors were transformed into VIB tokens, their number being multiplied by 6.5. Our biggest contributor’s points will, therefore, result in more than 42,000 VIB, which translates into approximately $7000 at press time – not bad for roughly one month of work.”
It is also worth noting that the music industry – already a huge one – is poised for additional growth in the coming years. Veber, therefore, urges people interested in music and crypto technologies to join them and “become a part of the movement which is fundamentally changing the music business”.Disclaimer. This article is paid for and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.