Viberate
Crypto Overview
Project Overview
Viberate (VIB) is a cryptocurrency token that powers a marketplace for the music industry. The platform aims to connect artists, event organizers, and venues through a blockchain-based ecosystem. VIB tokens are used for payments, rewards, and governance within the Viberate platform.
Intended Purpose
The primary purpose of VIB is to facilitate transactions within the Viberate ecosystem, where it serves as a utility token for various platform functions including: payment for services between artists and venues, rewards for content contributors, and participation in platform governance.
Business Model Analysis
The business model revolves around creating a decentralized marketplace for the music industry. The platform maintains a database of artists, venues, and events, with VIB tokens being used for transactions and rewards. The core activities appear to align with halal principles as they involve legitimate business transactions and service provisions.
Real-World Adoption
The platform has established partnerships with various music industry entities and maintains an active database of artists and venues. While adoption remains moderate, the platform continues to develop its ecosystem and expand its services.
Development Activity
The project maintains active development, with regular updates to its platform and ecosystem. The team continues to enhance the platform's features and functionality, showing commitment to the project's stated goals.
Token Distribution and Governance
The token distribution appears relatively balanced, with allocations for platform development, team incentives, and community rewards. There are mechanisms in place for community participation in governance decisions.
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.