Viberate
Crypto Overview
Project Overview
Viberate is a blockchain-based platform focused on the music industry. It aims to create a decentralized ecosystem where music artists, venues, event organizers, and fans can interact through a standardized database and marketplace.
Intended Utility
The VIB token is designed to facilitate transactions within the Viberate ecosystem, including booking artists, purchasing tickets, and rewarding contributors to the platform's database. The token serves as the primary medium of exchange for services within the platform.
Actual Utility
The platform maintains an active database of music artists, venues, and events. The ecosystem includes analytics tools for tracking artist performance metrics and market trends in the music industry. Recent developments show continued platform development with regular updates to their music analytics services.
Token Distribution and Governance
Initial token distribution included allocations for team members, advisors, and early investors with standard vesting periods. The project maintains transparency regarding token allocation and usage through regular updates and public documentation.
Business Model Analysis
The platform generates revenue through subscription services for their analytics tools and takes commissions on bookings made through their platform. The business model does not involve interest-bearing mechanisms or prohibited activities under Islamic law.
Development Activity
The project shows consistent development activity with regular updates to their platform and services. The team maintains active communication channels and provides regular progress updates to the community.
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.