Viberate

Viberate

 VIB

There is no doubt that blockchain has permeated through a number of various industries across the globe. However, innovators claim that the true essence of blockchain has barely scratched the surface. From finance to even banking & real estate, blockchain is now finding its way into a new industry; the music industry. One blockchain-based project, Viberate, is trying to ease the woes of the creators and their audiences. So what is Viberate and how does it work? Here’s everything you need to know along with a guide on how to buy Viberate with crypto.

Viberate Exchange Rate

What is Viberate Crypto?

Viberate is an Ethereum-based decentralized ecosystem for live music talent. Basically, it links artists, fans, event organizers, and talent management agencies all together on the same platform. Therefore, it’s both a Business-to-Business (B2B) and a Business-to-Consumer (B2C) marketplace.

To begin with, fans have the opportunity to look through the profile of musicians, see the dates of future concerts, purchase tickets, and receive other important information from the music industry. Simultaneously, event organizers have the opportunity to find artists and performers quickly. Artists and musicians, on the other hand, can have an inflow of standing orders.

Viberate recognizes that the music industry has been long dominated by a few management companies that control a vast majority of popular artists performing at prominent venues. At the same time, small artists are having difficulty getting recognition, therefore, failing to connect with venues that want their business.

How Does Viberate Work?

Viberate’s business model is multifaceted. As reiterated before, it’s both a B2B and a B2C marketplace. Therefore, it can be a little challenging to understand. However, we break down everything in this section.

B2C Model

  • Ticket Sales: Viberate intends to offer tickets for live concerts and festivals whereby fans can purchase tickets using crypto. The tickets are then sent to their wallets as tokens. Smart contracts are used to hold fees in escrow so that fans can get refunds if the event doesn’t happen. Additionally, reseller functionality is embedded into the smart contract, allowing tickets to be resold in case the original buyer can’t make it.
  • Crowdfund Performances: This functionality allows fans to crowdfund performances. Basically, fans can crowdfund to have their favorite artist come perform for them. To do this, they would have to stake VIB tokens until a particular threshold is met. If sufficient funds are raised, the artist performs and receives the share. If not, all those who donated receive a refund.

B2B Model

  • Link Musicians with Event Organizers: Viberate plays a matching role between artists and event organizers. This enables any venue to locate and match with any artist, and vice versa. Payments are made in ETH or VIB, whereby smart contracts hold the artist’s funds in escrow. Viberate takes a booking commission out of the funds, however, at a lower rate.
  • Link Industry Partners to PR and Artist Contacts: Those wishing to connect with artists for a business reason, will have to pay in VIB token or ETH for premium access.
  • Earn Rewards: All users on the platform can earn rewards from the VIB bounty pool. The rewards are based on what sort of activity is being conducted; registering for the service, referring friends, and maintenance of the database.

Key Features of Viberate

  • Analytics: Viberate provides a lot of data that can help every user across the platform make profitable decisions. For instance, through music analytics, artists can get their tracks on the right radio stations & playlists. Managers can also measure promotional campaigns & track their rosters. Talent companies can scout for talent even faster. Good analytics simply save time & effort.
  • Compare Artists: Viberate monitors all major music and social channels (Spotify, Beatport, YouTube, Instagram, etc). Data covers every artist in the world. The platform then ranks, analyzes and updates this data on a daily basis. Therefore, you have the access to data that can help you compare a multitude of artists both locally & internationally.
  • Charts: Through Viberate, users can access unbiased and regularly updated charts ranking every label, festival, track, playlist, and artist all over the world.

Viberate Coin

Because Viberate is Ethereum-based, the Viberate coin is an ERC-20 token. There are currently about 198,135,000 VIBs in circulation with a supply of 200,000,000. The max supply is currently unknown. The current price of Viberate crypto stands at 0.02707336 USD. The coin ranks in position 1,160 on CoinMarketCap with a live market capitalization of $5,363,797 USD.

Viberate Roadmap

Viberate intends to roll out functionality in a series of stages. Initially, the company started in 2016 as a registry of DJs. However, by mid-2017, Viberate 2.0 launched after a venture funding of worth $440,000 USD. Later on, through a website, it raised over $10 million USD in venture funds. This allowed the creation of the booking agency & affiliate relationships with ticketing services. Future functionalities include the launch of the booking functionality along with the digital ticket booking platform.

How to Buy Viberate with Crypto?

If you are wondering how to buy Viberate, you came to the right place. Unfortunately, you can’t purchase VIB using fiat currency. Therefore, you will need to have cryptocurrency in your wallet before you can exchange it at Swapzone. Once you do have cryptocurrency inside your crypto wallet, simply head on to Swapzone and follow the following instructions to purchase VIB crypto:

  • On the homepage, look for the “select pair” tab. In the “send” section, select the kind of crypto you wish to swap for VIB. Ensure that you specify the amount as well.
  • In the “get up to” section, select Viberate cryptocurrency as the crypto that you wish to receive.
  • Swapzone will automatically present you with a number of different exchange rate offers from several of its partners. You will notice that there is an option to filter out the results. Take your time and make the right choice.
  • Once you find an offer that you want, simply click on it and hit “exchange”. This will trigger a new window to open asking you to fill out a few details such as your email address and a wallet in case of refunds.
  • Once you’re done filling in this information, simply hit “proceed to exchange” to start the transaction.
  • The Swapzone partner you selected will receive the transaction alert and begin to swap the cryptocurrencies for you. There might be a slight delay. This is normal. Be patient as the transaction finalizes.
  • Once finalized, you will receive your Viberate coins at your wallet address. At this point, take a moment to rate the exchange partner. That’s it!

Popular pairs to convert Viberate

Frequently asked questions

What is the Viberate exchange rate?

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An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.

There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.

Where to find the lowest transaction fees?

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Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.

If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.

What is average transaction time?

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Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.

The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.

The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.

How to choose a cryptocurrency wallet to store Viberate?

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To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.

There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.

If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.

What is the best cryptocurrency exchange for beginners?

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There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.

To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.

What is Swapzone?

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Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.

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