VIB TOKEN IS AVAILABLE ON LIVECOIN.NET

The VIB was sold out in under 5 minutes in our public crowdsale and a lot of potential contributors stayed out. Now you can get VIB tokens from October 6 on Livecoin.net exchange. We are negotiating listings on other exchanges at the moment and will update you on the progress soon.

Get VIB on LiveCoin.net

Token details

Role of token: Community rewarding, platform payments
Token supply: 200 million
Distributed in the crowdsale: 120 million (60%)
Contract address: 0x2C974B2d0BA1716E644c1FC59982a89DDD2fF724
Symbol/Ticker: VIB
Decimals: 18
Initial value: 1 VIB = 0.1 USD
Blockchain: ETH

Crowdsale details

Sale period: SOLD OUT
Token distribution date: 5.10.2017
Accepted currencies: ETH
Minimum goal: $1.000.000
Maximum cap (approx.): $12.000.000
How funds are held: Multi-sig wallet held by team council
Unsold tokens policy: Transferred into marketing budget
Minimum viable product: Viberate 2.0

BONUS SCHEDULE

The base price of the VIB is set at $0.1. Price in ETH was locked on 5.9. at $282. Prices in the below table were calculated according to the current exchange rate and are for informational purposes only.

12%

Bonus

9%

Bonus

6%

Bonus

3%

Bonus

0%

Bonus

Crowdsale
start
48 hours Week 1 Week 2 Week 3 Week 4 Crowdsale end
Time Bonus Current price in ETH
48 hours 12% Loader
Week 1 9% Loader
Week 2 6% Loader
Week 3 3% Loader
Week 4 0% Loader

Roadmap with investment cliffs

The contributions will be used for product and technical development, management, operations, marketing, sales and PR and international expansion. If we do not reach the envisioned amount, we'll rely on operating profits and scale down our operations to remain fully functional for the next two years.

1

Booking Agency
profiles

$0.5M
2

Event Organizer
profiles

Min: $1M
3

Ticket sales
platform

$2.4M
4

Live music
marketplace

$4.5M
5

Advanced blockchain features for the marketplace

$6M
6

Scalable global
marketing campaign

Max/Cap: $12M

Crowdsale and Vibe Tokens distribution

One-time Vibe token emission is planned. Vibe tokens will be distributed in the following way:

Crowdsale - 60%

The majority of tokens will be sold in a crowdsale to secure funds for further product development, operations and international expansion. More details in our whitepaper.

Founders and Team - 16%

A portion of tokens will be held by project founders and the rest of the team, that helped to bring the project to life with their hard work and dedication.

Advisors and Ambassadors - 8%

Awards to our advisors and ambassadors that helped the project with their knowledge and expertise.

Seed investors - 4%

A share of tokens for early stage investors, true believers, who showed a lot of trust and provided rocket fuel for our idea.

Viberate contributors - 5%

A percentage of tokens for the initial stocking of the bounty pool. Bounties will be awarded to contributors, who help build and curate our database of entities.

Reserves for future partnerships - 7%

Reserves for future partners, that will join the project in later stages.

The majority of Vibe tokens will be available in a public crowdsale starting on 5.9.2017, with a minimum investment goal of $1.000.000 and a maximum investment cap of $12.000.000. All funds raised will be held in a multi-sig wallet held by team council. Our team membes and initial investors are fully devoted to the project and take great passion in participating in this live music revolution. That's why all tokens, allocated to Founders and Team (16%) will be held in multi-sig wallets and reverse vested for 24 months with monthly cliffs. Because all our tokens are pre-mined, we've also set aside a portion of tokens for future partnerships (7%). One of the main purposes of the Vibe token is enabling the growth of the service, which is why 5% of tokens will be allocated to a bounty pool intended to reward community efforts.

Funding allocation

We strive to deliver our features as comprehensive as possible, which is why we made product and technical development a priority of our operations. This decision is strongly reflected in our financial strategy, that is divided into two phases. While the funds collected in the first phase will cover the development costs, the second phase is mainly intended to cover marketing operations. Unsold tokens will be transferred into the marketing budget. Tokens will be locked into a smart contract and accessible after one year, when the global marketing campaign will begin. The lockdown is to prove the investors we believe in the value of the Vibe and as reassurance that the tokens won’t be sold immediately and will be spent only for the marketing and sales activities. In case the crowdsale does not reach the envisioned amount, we'll rely on operating profits to fuel growth. Our operations will be scaled down to extend the runway far enough to achieve most of development and marketing goals we've set and to remain fully functional for the next two years.

Start Minimum goal: $1M

Production phase will provide funds for product development

Our main goal in the first phase of Crowdsale is to provide funds for product and technical development, perfecting of user experience and database expansion. Even though marketing costs are predominantly covered by the second phase of Crowdsale, we also allocated a portion of funds to cover marketing, sales and PR costs.

$6M Maximum/Cap: $12M

Marketing phase will provide funds to launch a global campaign

The second phase is intended to cover the costs of marketing, namely direct sales and the launch of a global PR and advertising campaign. With the service firmly in place, our main goal in the second phase is to spread the word about Viberate all over the world.

Allocation of the product development phase contributions

Technical dev and UI

Technical development costs of the upcoming service features, starting with the implementation of marketplace functionalities and additional entity features.

Product dev and Management

Non-technical product development includes project management, team management and business development.

Database expansion and Support

Adding new entities into the database, internally curating existing ones and setting up a support center.

Marketing, Sales and PR

First marketing phase, covering
basic marketing operations, including advertising campaigns for user acquisition and branding.

General and Administrative

Day-to-day operations, office rent and equipment, travel expenses and legal fees.

Allocation of the marketing phase contributions

Direct sales

Direct sales to our target groups includes one-on-one calls and meeting sessions.

Global PR campaign

A global ongoing PR campaign, targeted towards specialized and mainstream media, carried out with the help of an external PR agency.

Global advertising campaign

Ongoing global ad campaign covering all relevant media outlets, designed to increase our userbase and to assure marketplace liquidity (social media ads, SEM, specialized music media, event presence).

Mgrt