VIBERATE TOKEN CROWDSALE
Viberate is a crowdsourced live music ecosystem and a blockchain-based marketplace where we're matching musicians with event organizers. We're listing profiles of over 120 thousand musicians, from superstars to garage bands.
|Role of token||Community rewarding, platform payments|
|Token supply||200 million|
|Distributed in the crowdsale||120 million (60%)|
|Initial value||1 VIB = 0.00025 ETH|
|Sale period||5.9.2017 - 4.10.2017 (30 days)|
|Token distribution date||Immediate|
|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|
VIBE tokens distribution
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%) and Investors (4%), 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.