Music industry blockchain company Viberate has entered into a partnership with crypto conversion platform Changelly. The move will facilitate the greater adoption of its VIB tokens which are also gaining greater traction on global exchanges.
Viberate aims to revolutionize the way musicians are presented and booked by decentralizing the discovery and booking processes with the use of the blockchain technology. Their highly successful token crowdsale raised over $10 million and sold out in less than five minutes. The next stage in the evolution of the live music-oriented digital currency is to open a way for mass token adoption.
Changelly is a fast and reliable conversion service for a large range of different cryptocurrencies. It takes the job of buying and selling Bitcoin or Ethereum to trade one altcoin for another. Additionally, it can offer some of the lowest rates and fastest turnaround times enabling a quick and low-cost conversion without limits. The platform has been operating since 2015 and has over 1.5 million users, processing around 60,000 Bitcoins per month.
— Changelly.com (@Changelly_team) February 16, 2018
Unlike a number of major crypto exchanges, Changelly still allows tokens to be purchased with Visa or Mastercards. Using 2FA also offers that extra layer of security when making crypto exchanges and conversions. It became clear that Changelly would be the perfect partner to increase Viberate’s token adoption. CEO Konstantin Gladych had this to say:
We are happy that crypto industry becomes more tightly integrated with music. Changelly will provide thousands of customers with VIB tokens they can use for interaction with the Viberate platform. With our built-in widget, Changelly will enable everyone to seamlessly invest into the live music industry with cryptocurrency.
The widget will be featured on Viberate.io, but it will also get integrated into the service itself, allowing users to quickly and seamlessly get VIB tokens while browsing through hundreds of thousands of musician and venue profiles.
— neurotix (@kevineurotix) February 21, 2018
Explaining why the implementation of Changelly is important to those who are about to enter the world of cryptocurrencies, Viberate co-founder Vasja Veber said:
After our successful ICO I spent hours explaining how to buy our token to friends and family, who heard about Bitcoin just recently and have no idea what a token is. Before Changelly they needed to open an account at a major exchange, wait to get verified, wire fiat, wait for it to be credited, buy ether or bitcoin, move it to an exchange that lists our token and then they finally got their hands on some VIBs. Now, they only need to get an Ethereum wallet, which takes a few seconds and then buy VIB tokens with their credit card. It’s easier than buying a plane ticket.
As more people get into cryptocurrencies simple and convenient services such as Changelly will grow in popularity. This will be good news for Viberate whose tokens will be available on the platform.
Veber went on to add:
Implementation of Changelly is extremely important for us, because we are building a music talent marketplace, where musicians will get paid in cryptocurrencies and to achieve enough liquidity, a massive adoption of crypto coins and tokens is paramount. We don’t expect event organizers to go through too much of a hassle to get coins and with Changelly they won’t have to. We will simply integrate their widget into every profile, so in the end the whole user experience will not be much different from buying stuff on Amazon.
In addition to buying VIB tokens or exchanging them with other altcoins a rewards program is also in place which distributes 5000 tokens per day to database contributors and those promoting Viberate. An endorsement deal with two-time Grammy award winner Imogen Heap has also been signed to further promote the project. VIB tokens can currently be traded on many of the world’s major exchanges including Binance, Bittrex, OKEx, and HitBTC.
Images courtesy of Viberate