$VIB What is vibration (VIB)?

Viberate (VIB) is a crowdsourced live music ecosystem powered by the Ethereum platform. According to its white paper, Viberate operates using a blockchain-based protocol and contributes to the development of a marketplace where anyone can participate. The Viberate platform brings the entire live music ecosystem under one roof, providing greater opportunities for creators and listeners.

According to its website, the network's mission is to provide every musician on the planet an equal opportunity to showcase their talent. The network aims to revolutionize the way musicians are represented globally in order to open up the world of live music to anyone who wants to get involved and build a career in music. Additionally, musicians can enable this approach by decentralizing discovery and booking methods using blockchain technology, allowing the Viberate network to create a platform that can represent talent from around the world in a single marketplace.

Additionally, the Viberate platform is dedicated to solving decades-old problems faced by live performers; capturing demand, negotiating terms, determining their value, managing agreements, and getting paid. These problems can be solved by using smart contracts, which allow musicians to showcase their talents on the platform and determine the price at which they want to sell their music. Additionally, to support the overall operations of the network, the platform introduced its cryptocurrency VIB token.

VIB is the native token of the Viberate ecosystem, developed using Ethereum blockchain technology and represented as an ERC20 standard token. The token enables many different functions through the Viberate ecosystem, including:

These utilities of the token help establish a sound operational structure within the platform ecosystem.