September 28, 2023
Music News

Cryptocurrency and Music

Alan had mentioned the new cryptocurrency pointed towards the music industry via this article on LinkedIn.

In the time that has passed since then, Viberate, the currency that involves one of the men behind BitCoin Charlie Shrem, has had their initial offering. And it sold out in an impressive amount of time.

Viberate, a decentralized crypto exchange marketplace platform for live music industry, has successfully completed its Vibe token crowdsale in record 4 minutes and 42 seconds. A Slovenian-based team has reached its goal raising a full amount by selling 120 million Vibes. Tokens will be listed on starting October 6, 2017.

Viberate has officially joined some of the most successful crypto projects to date, receiving a vast support from all over the world. “We now have another validation that we are on the right track. However, this is still just another milestone achieved. There is a lot of work ahead of us, but – as promised – we will keep on delivering,” said CEO Matej Gregor?i?.

The crowdsale raised more than 10 million dollars, selling the total planned amount of Vibe tokens – 120 million. Tokens will be delivered to contributors immediately and become available after the official end of ICO on October 5, 2017. On the next day (October 6, 2017) Vibes will already start trading; the first exchange to list the token is, Gregor?i? announced. “This way all latecomers will get the opportunity to buy the tokens,” he added.

Viberate crowdsale has been one of the fastest and most anticipated to date. “People have seen that Viberate already has value and a Viberate community covering our backs. That is probably refreshing to see in the ICO world,” Gregor?i? explains.

Yes, you read that right. $10 million in under five minutes. Whether this will fully disrupt the industry over time remains to be seen. Viberate is listed as number three in a list of top selling ICOs.

Read more on this story here.

Larry Lootsteen

Music is life and I love to write about all things music. Independent music blogger. Writer in general. I am a big fan of alternative and indie music but there's no genre I haven't found something to like.

Larry Lootsteen has 630 posts and counting. See all posts by Larry Lootsteen

One thought on “Cryptocurrency and Music

  • “one of the men behind BitCoin Charlie Shrem,”

    One of the early Bitcoin enthusiasts; his most notable Bitcoin enterprise was money-laundering for the Silk Road drug exchange, for which he is a convicted felon and did two years in jail.

    Now, you might think that someone offering something very like a securities offering might pick as an advisor someone who hadn’t been literally jailed for knowingly money laundering for criminals. But, welcome to Bitcoin.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.