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