Viberate is developing a platform for the live music industry which runs as a decentralized service, allowing anybody to add or edit relevant data. The company has now implemented a rewarding system, which means all contributors will be compensated with VIB tokens.
“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,” claims Vasja Veber, COO and cofounder of the Slovenian-based company which raised 10.7 million dollars in September’s ICO and has since been able to deliver on all the ICO roadmap promises.
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.
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