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Viberate, a blockchain platform for live music, recently set a record as one of the fastest token crowdsales to date, raising 10.7 million dollars in under five minutes and joining the ranks of Brave, Bancor and Aragon.

Starting October 6, Vibe tokens – the main cryptocurrency of the platform – will begin trading on Livecoin.net exchange. “Based on numerous questions regarding the first listing, we believe this is one of the most anticipated coins in 2017. We can’t wait to see how the market will respond,” said Vasja Veber, cofounder and COO of the Slovenian-based company. According to Veber, bigger exchanges “will soon follow”.

In its essence, Viberate is a platform that aims to bring together the entire live music ecosystem. Currently it acts as an “IMDB for live music”, where profiles are ranked according to their online popularity. At the moment, platform lists more than 130,000 profiles of musicians, created by over 50,000 contributors to the site.

Funds, raised in September’s token crowdsale, will be used to upgrade and extend the platform with blockchain features. “It will primarily act as a gig-booking platform between musicians and event organizers where stakeholders will be able to pay and be paid in cryptocurrencies,” Veber explains.

Charlie Shrem is also in

The company has worked with some prominent advisors during the crowdfunding campaign, including Charlie Shrem, who is widely regarded as one the most visible members of the global Bitcoin community.

Veber attributes a large chunk of Viberate’s recent success to their “proven ability to execute on time”. He adds: “As far as our work goes, we will stick to the plan and keep meeting deadlines, regardless of the price movement. Our development plans can’t be distracted by anything, which shouldn’t be a problem, since most of our own tokens are vested anyway.”

According to Veber, they will soon launch booking agency profiles and introduce a first version of their rewarding program for contributors. “If you don’t have any Vibes yet, you will soon have a chance to earn some by helping the platform grow.”

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By Kewl

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