Viberate ICO

Decentralized music talent marketplace where any musician can sell gigs and get paid in cryptocurrencies. It features over 100 thousand profiles of musicians from all genres, ranked by social media popularity. Here is also Viberates Latest Press Release.

Update 21.08.2017: New Viberate PR has been released.

Viberate
ICO Status: Finished


https://www.viberate.com/
ICO: Viberate – the Initial Coin Offering
4.7 (93.33%) 6 votes


Concept:

Viberate is a platform that joins the entire live music ecosystem under one roof. Currently it acts as IMDB for live music, where profiles are ranked according to their online popularity. It is built and curated by the Viberate user community.

Our end game is to disrupt the music industry as we know it by becoming the biggest global talent marketplace where event organizers will be able to book musicians directly through our service using cryptocurrencies. They will pick them up from the massive selection of profiles using our social media metrics and after the gig is over, the event organizer will review the musician and vice versa.

Listing both, demand and supply of the live music market, Viberate represents a great sales channel for already established acts, but more importantly - a priceless tool and an excellent sales showcase for millions of unrepresented (long-tail) musicians from all around the world. It's a matchmaking platform that digitizes the job that talent booking agencies have done for over a hundred years with one more important difference - any musician can join, regardless of genre, country, fame level or gig history.

We will utilize the advantage of smart contracts during the negotiation process. Crucial information about the booking will be negotiated and then written into the smart contract:
  • date and time of performance

  • venue and event organizer details

  • duration of performance

  • artist fee

  • technical and hospitality requirements


Viberate will use smart contracts, sourcing the above mentioned variables directly from the artist booking backend, where every artist will set their own booking requirements and preferences. Once agreed, the terms will be written into the smart contract, which will then be sealed with a timestamp and put onto the blockchain. Any additions or alterations will result in voiding the old contract and replacing it with a new one, provided both parties confirm the alteration on the blockchain.

When it comes to payments, one of the biggest advantages of using the blockchain technology in the artist booking process is the ability to offer escrow. It's the safest way for both parties when dealing with artist bookings. However, fiat currencies escrow in most countries requires a set of licenses from centralized authorities such as central bank or the Ministry of Treasury and Finance. Using a cryptocurrency with a combination of a smart contract solves this issue and allows for effective and safe escrow.

Bookings on Viberate will be made using Ether (ETH) and our own Vibes (VIB) and following these steps:

  • Upon digitally signing the contract, the event organizer (buyer) pays the agreed number of ETH or VIB plus a service fee to a specially created wallet that holds the coins until the event is fully executed.

  • The event organizer has 24 hours to file a complaint in case the artist has breached the contract in any way (no show, cutting the performance short for unexplained reason, excessive behavior, etc.) and after that period ends, the artist fee is released to the artist's wallet.

  • In case of a breach, a dispute is triggered, which is handled by a trained tribunal of music business experts who give the verdict, based on provided evidence (photos, exchanged e-mails etc.). The members then vote and decide whether to return the withheld fee to the organizer or clear the payment into the artist's wallet.

When the booking is fully executed and the event is over, both parties will review each other and the reviews will be published on their profiles.

Whitepaper:
Get more information
Venture

Raised Capital:
N/A

Venture Round:
Round 1 Venture Round

Price
1 VIB = 0.1 USD
ICO token Distribution:
Crowdsale - 60%
Founders and Team - 16%
Advisors and Ambassadors - 8%
Seed investors - 4%
Viberate contributors - 5%
Reserves for future partnerships - 7%

Mining

Bancor
Supply:
200 M
Usage:

https://www.viberate.io/en/token-value
Competitors

ICO-Competitors

Right now we're the only service on the blockchain that's working on the LIVE music segment. There are many music services that are tackling problems on the RECORDED music segment, so we don't see them as our direct competition. They are offering royalty collection services to musicians whereas we are offering them a place to sell gigs and charge their fees in cryptocurrencies.
Initial Coin Offering

Initial Coin Offering Bancor
ICO Launch:
5th of September 2017

ICO Finish:
4th of October 2017

ICO Tradable on Exchanges since:
still not tradable

Platform: Ethereum
Offices/Locations

Offices and Locations of RootProject
Slovenia

Team behind Viberate


MATEJ GREGORCIC

MATEJ GREGORCIC

Founder and CEO

Matej has been an entrepreneur for most of his life. He founded one of the biggest event management agencies in the country. His company won numerous awards on marketing festivals and did some pioneering work in digital marketing. He specializes in team leadership and strategic planning.

VASJA VEBER

VASJA VEBER

Founder and COO

After earning a Master’s degree in marketing, he joined Matej to found a music management agency. Since then, he has been managing one of the best techno DJs in the world, UMEK. In over 10 years in the music business, he managed to grow an impressive network of influencers in the music industry.

BOSTJAN ZAKELJ

BOSTJAN ZAKELJ

CTO

Bostjan is an experienced senior engineer. He has been a lead tech force in Viberate since the very beginning and is responsible for building a social media analytics engine, capable of analyzing billions of data points daily.

MATEJ GREGORCIC

UROŠ UMEK

Artist in residence

A-list world famous techno DJ. With 100 shows each year across the globe, UMEK ranks at the very top of the world’s biggest electronic music artists. An award-winning producer with more than 20 years in music.


 

 

Social stats of Viberate


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