This platform is a blockchain based virtual reality marketplace. This new streaming platform will allow various creators such as music artists and educators the ability to reach people across the globe in a new way. The project will utilize popular existing virtual reality components such as the Oculus Rift to make it easier to onboard people to the platform. Your VIBE investment will act as the underlying currency of the platform with which these content creators will be paid.
This immersive new sharing experience will allow publishers to be paid more fairly than they would be on similar centralized platforms, and it cut out any middlemen who would take a share of their revenues. This project also has a partnership with Monster Technologies, creators of the Beats headphones brand. This will not only give the project access to a huge marketing resource but also a large number of top dollar music artists to potentially onboard to their platform.
While this is a massively beneficial partnership, the business model of the project may be a little dated for today's music consumer. These users will be required to pay using cryptocurrency tokens for concerts in a world where most people are used to streaming an all you can eat buffet of music for free. It could be very hard to get these people to pay for the services the project offers.
The number of exchanges available to buy VIBE at is worryingly low, however, they do have one really good listing, and their trading volume is quite good. It's always a good idea to be cautious about assets with skimpy exchange listings because if they are delisted it can be very dangerous for investors. However, if you do wish to make a purchase here then there's ample volume to accommodate you. Investors can utilize either Bitcoin or Ethereum for this purpose.
This is an Ethereum based asset, and that means you'll need a reputable ERC20 wallet in order to safely store your assets after purchasing them. It's not recommended to keep your funds on an exchange for extended periods of time, even if the exchange is very reputable. This is the most common way in which investors lose their funds! You should instead use a privately owned wallet such as Coinomi's application for iOS or Android phones or Meta Mask for browsers.