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Viberate Integrates the Bancor Protocol to Further Boost Liquidity

Bitcoinist | Mar 09, 2018 | 19:00

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Viberate, a token for the live music industry, has just integrated the Bancor protocol – making it one of the most liquid tokens in the music industry.

Viberate and Bancor Make Music Together

Viberate has never had problems with liquidity.

A few weeks ago, VIB experienced 24-hour volumes reaching unprecedented highs, topping out at an all-time high of over $430 million.

Nevertheless, any company would be foolish not to take advantage of standard-setting services. In the crypto industry, that means affording token holders the ability to convert their tokens whenever they want, no matter the volume – which is exactly what Bancor offers. 

The Bancor Protocol is a revolution in blockchain technology which allows tokens to be instantly converted without matching buyers and sellers. It achieves this by using a simple mathematical formula which balances buys and sells – meaning that every token in the network maintains a formulaic relationship and guarantees continuous liquidity. Trade volume and exchange listings have no effect.

Says Charlie Shrem, Viberate’s advisor and Bitcoin pioneer:

With removing the counterparty of centralized exchanges Bancor network is doing a great job.

Additionally, Bancor’s widget has been added to Viberate’s website.

Viberate activated a Relay Token with $450,000 worth of VIB and $450,000 worth of BNT – and will increase those volumes if necessary. To learn how to convert tokens instantly, visit the Bancor Web App and join the Bancor Telegram group.

No more headaches on exchanges, now you can get your $VIB immediately from the pool of tokens. By partnering with @Bancor, VIB is now one of the most liquid tokens in the music sphere. $vib #viberate #bancor #tokenshttps://t.co/LAwa5ZYm4B

— Viberate (@Viberate_com) March 1, 2018

Revolutionizing the Music Industry

Viberate aims to revolutionize the manner in which musicians are presented and booked, as well as to open the world of live music to everyone. It achieves these goals by decentralizing the discovery and booking processes with the use of the superior blockchain technology.

The platform itself is a crowdsourced ecosystem for live music, as well as a blockchain-based marketplace, on which musicians can be matched directly with booking agencies and event organizers.

Viberate is comprised of four elements. It has the largest curated live music database in the world and is a decentralized community-based service. It’s also a one-stop shop for the entire music ecosystem and is the first ever blockchain-based live music marketplace.

Viberate currently lists profiles of over 150,000 artists, 2,000 booking agencies, 60,000 venues and 500,000 events.

The Viberate token crowdsale was one of the most successful in history, ending in only 4 minutes and 42 seconds. It raised $10,714,285.

VIB is currently listed on OKEX, Binance, Bittrex, Upbit, HitBTC, LiveCoin,  and – of course – Bancor. It can also be purchased on Changelly.

To learn more about Viberate and its utilization of the Bancor protocol, follow the team on Facebook, LinkedIn, Twitter, Medium, and Telegram. You can also read more about the project, check out Viberate’s industry-leading team, and see what else they have in store on Viberate’s official website.

Are you a music lover? Are you excited about Viberate’s utilization of the Bancor protocol? Let us know in the comments below!

Images courtesy of Viberate