Viberate
Crypto Overview
Project Overview
Viberate (VIB) is a blockchain-based platform focused on the music industry, aiming to create a decentralized ecosystem for musicians, event organizers, and venues. The platform serves as a marketplace and database for the live music industry, where artists can create verified profiles, showcase their work, and connect with event organizers.
Intended Utility
The VIB token is designed to facilitate transactions within the Viberate ecosystem, including booking fees, profile creation, and rewards for contributing to the platform's database. The token serves as the primary medium of exchange for services related to music industry activities on the platform.
Actual Usage and Adoption
Current analysis shows limited adoption of the intended use cases. While the platform maintains a database of artist profiles and venues, the actual usage of VIB tokens for their stated purposes appears minimal. Most token activity appears to be concentrated on cryptocurrency exchanges rather than within the platform's ecosystem.
Token Distribution and Governance
The initial token distribution included allocations for the team, advisors, and early investors with standard vesting periods. However, detailed information about current token distribution and lock-up periods is not readily available, which raises some transparency concerns.
Development Activity
The project shows ongoing development activity, though at a moderate pace. The team continues to maintain and update the platform, but the focus appears to be more on the traditional web platform rather than blockchain integration.
Crypto Impact
To assign a comfort level investing in Viberate from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Viberate.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.