Viberate

Halal Rating :
Comfortable
Last Price $0.061 Last updated:
Rank 1032
1D Change 5.17 %
Market Cap $12.28m
Circulating supply 199,995,000
Maximum supply None

Crypto Overview

Categories
  • Media
  • Music
  • Ethereum Ecosystem

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.

Rating Justification

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Comments

2 Comments

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V voorlid | 1 month ago

Brother music is haram so we cannot trade in this industry

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A ahmadayub2314 | 1 month ago

Isn`t music related tokens haram?

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