Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
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 Viberate.com.
âInvesting a 1.2 million dollarsâ worth of tokens to repay our contributorsâ 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,â claims Vasja Veber, COO and cofounder of the Slovenian-based company.
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 Viberateâs 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 âvery soonâ be able to purchase VIB tokens using only their credit cards via Changelly as well as start using the popular Jaxx wallet.
âOur research shows that more than a half of Viberateâs users participates in co-creating and promoting the platform out of pure enthusiasm for the companyâs 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 contributorâs points will, therefore, result in more than 42,000 VIB, which translates into approximately $7000 at press time â not bad for roughly one month of work.â Â Veber explained the reasoning behind the solution.
It is also worth noting that the music industry â already a huge one â is poised for additional growth in the coming years. Veber, therefore, urges people interested in music and crypto technologies to join them and âbecome a part of the movement which is fundamentally changing the music businessâ.
This is a sponsored post.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.