What is Viberate?
Viberate is currently a kind of “IMDB” for music, featuring profiles of over 120,000 musicians. These profiles are found at the Viberate website and act as a musician’s ID, containing everything that matters: daily updated social media stats, gig dates, recent content and even contacts for agents and managers. In a couple of days the team will introduce similar profiles for music venues from around the world. Having the supply and demand side of the live music market in one place, Viberate will gradually introduce marketplace features where it will match musicians with event organizers. The project aims to become the Airbnb for musicians.
There is a minimum goal of $1,000,000. If this is not hit the funds will be refunded to contributors. There are two phases the Viberate team is aiming to reach. The first stage ($0–6,000,000) will be the development phase. The second stage ($6,000,000–12,000,000) will be the marketing phase. The hard cap is $12,000,000.
The Viberate token (Vibes) is an ERC-20 token and only Ether can be contributed to the crowdsale. The crowdsale is rewarding those who contribute early. The following bonuses are available:
— 1st 48 hours: 12% bonus
— 1st Week: 9% bonus
— 2nd Week: 6% bonus
— 3rd Week: 3% bonus
— 4th Week: No bonus available
Token Distribution Information
Tokens will be issued immediately after the crowdsale through the smart contract. There will be 200,000,000 Vibes generated. 120,000,000 will be available during the crowdsale, and the rest will be allocated to initial investors, advisors, team members, bounties or reserved for future partners.
The Viberate tokens are allocated as follows:
—60% of tokens will be sold in the ICO to secure funds for further product development, operations and international expansion.
— 16% of tokens will be held by project founders and the rest of the team that helped to bring the project to life.
— 4% of tokens will be given to early stage angel investors.
— 5% of tokens are intended for the initial stocking of the bounty pool to award contributors, who help build and curate our database of entities.
— 8% of tokens will be awarded to our advisors and ambassadors.
— 7% of tokens will be reserved for future partners who will join the project at a later stage.
Use of Crowdsale Proceeds
The Viberate team plans to use the development phase contributions ($0-6,000,000) as follows:
— 40% of contributions are intended to cover the technical development costs of the upcoming service features, starting with implementing marketplace functionalities and additional entity features.
— 15% of contributions will cover the costs of non-technical product development, including project management, team management and business development.
— 15% of contributions will be allocated to cover the costs of adding new entities into the database, internally curating existing ones and setting up a support center.
— 20% of contributions will fund the first marketing phase, covering basic marketing operations, including advertising campaigns for user acquisition and branding.
— 10% of contributions will cover day-to-day operations, office rent, office equipment, travel expenses and legal fees.
The Viberate team plans to use the marketing phase contributions ($6,000,000–12,000,000) as follows:
— 25% of contributions will cover the costs of direct sales to our target audiences, including direct calls and personal meetings.
— 15% of contributions will finance a global, ongoing PR campaign, targeted towards specialized and mainstream media.
— 60% of contributions will cover the costs of an ongoing global ad campaign covering all relevant media outlets, designed to increase our user base and assure marketplace liquidity.
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